Title: Hydrogen Electrolyzer Market is Anticipated to Register 7.0% CAGR through 2029
1Hydrogen Electrolyzer Market
Report Id REP-GB-1946 Published On
September-2019 Category Industrial Automation
and Equipment
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4Hydrogen Electrolyzer Market Analysis
- Future Market Insights newly published report
Hydrogen Electrolyzer Market Global Industry
Analysis 20132017 and Opportunity Assessment
20182028 examines the Hydrogen Electrolyzer
market and offers valuable key insights for the
next ten years. On the basis of key findings
reported in the study, the Hydrogen Electrolyzer
market is anticipated to witness significant
demand from end-use applications, such as energy,
ammonia, power to gas, electronics, glass
industry, etc. Growing end-use applications will
give a boost to the Hydrogen Electrolyzers
market during the forecast period. - While growing with a value CAGR of 7.2, the
Hydrogen Electrolyzer market is expected to reach
US 426.3 Mn in 2028, from a value of US 213.1
Mn in 2018. The incremental opportunity created
by the Hydrogen Electrolyzer market is pegged to
be at US 213.2 Mn between 2018 and 2028.
5Hydrogen Electrolyzer Market Analysis
- Hydrogen Electrolyzer Market Dynamics
- Hydrogen electrolyzer is a system for various
end-use industries. Industries, such as
electronics, food beverages, metal production
and fabrication, and pharmaceuticals, utilize
hydrogen for different applications.
Macroeconomic growth of these industries as well
as increasing demand for hydrogen electrolyzer
from these industries is expected to drive the
growth of the market over the next few years. - The global Hydrogen Electrolyzer industry has a
diverse business environment, characterized by
continuous developments and introduction of new
technologies. These advancements range from
increasing efficiency of hydrogen production to
increasing efficiency of fuel cells and various
components existing in between. These
advancements are making investors positive about
investing more at one or multiple points in the
hydrogen production supply chain, thereby
facilitating market growth.
6Hydrogen Electrolyzer Market Analysis
- Hydrogen Electrolyzer Market Forecast
- The global Hydrogen Electrolyzer market is
estimated to grow and become 2.0X during the
forecast period owing to growth in end-use
industries, such as power to gas, energy,
lubricant, ammonia, methanol, electronics, glass
industry, food beverages, etc. From a
geographical perspective, Western Europe,
followed by Asia Pacific excluding Japan (APEJ),
is expected to dominate the global Hydrogen
Electrolyzer market over the forecast period. On
the basis of incremental opportunity, Western
Europe is estimated to account for US 50.2 Mn in
2018 and is expected to reach US 101.2 Mn by the
end of 2028 in the global Hydrogen Electrolyzer
market during the forecast period. - By product type, the alkaline Hydrogen
Electrolyzer segment is expected to dominate the
market with a value of US 124.3 Mn in 2018. The
segment is anticipated to account for more than
half of the market value share in the Hydrogen
Electrolyzer market during the forecast period.
On the basis of growth, the PEM Hydrogen
Electrolyzer segment is anticipated to grow at a
sluggish growth rate when compared to solid oxide
Hydrogen Electrolyzer segment in the global
Hydrogen Electrolyzer market during the second
half of the forecast period.
7Hydrogen Electrolyzer Market Analysis
Among all capacity segments, the low capacity
segment is projected to dominate the global
Hydrogen Electrolyzer market during the forecast
period. In terms of volume, the medium capacity
segment is expected to hold approximately
one-third of the market share in 2018 and will
remain dominant throughout the forecast period in
the global Hydrogen Electrolyzer market. The
incremental opportunity created by the high
capacity segment is pegged to be two-third of the
incremental opportunity created by the medium
capacity segment. On the basis of hydrogen
outlet pressure segment, the low capacity
hydrogen outlet pressure segment is estimated to
hold more than two third of market value share
and is expected to dominate the market throughout
the forecast period. This segment will be closely
followed by the medium capacity hydrogen outlet
pressure segment. In terms of incremental
opportunity, the high capacity hydrogen outlet
pressure segment is expected to create
incremental opportunity worth US 35.21 Mn in
between 2018 and 2028 in the global Hydrogen
Electrolyzer market.
8Hydrogen Electrolyzer Market Analysis
Hydrogen Electrolyzer Market Competitive
Landscape Siemens AG, Nel Hydrogen, McPhy Energy
S.A, ITM Power Plc, Tianjin Mainland Hydrogen
Equipment Co. Ltd, Hydrogenics, Areva H2Gen, ELB
Elektrolysetechnik GmbH, GreenHydrogen.dk ApS,
Giner Inc, iGas Energy GmbH, Beijing CEI
Technology Co., Ltd, Next Hydrogen and Accagen SA
are some of the key participants covered in this
study. Press Release Source Press Release
Source https//www.globenewswire.com/news-release
/2019/06/27/1875288/0/en/Hydrogen-Electrolyzer-Mar
ket-is-expected-to-reach-US-426-3-Mn-by-the-end-of
-2028-Future-Market-Insights.html
9Hydrogen Electrolyzer Market Analysis
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10Hydrogen Electrolyzer Market Analysis
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