Hydrogen Electrolyzer Market

Hydrogen Electrolyzer Market: Alkaline Electrolyzer Product Type Segment Projected to Account for over Half the Global Market Value During the Forecast Period: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017 - 2027

This research publication, filled with incisive market insights, surfaces several reasons owing to which the global hydrogen electrolyzer market has caught steam in the recent years. The global hydrogen electrolyzer market is estimated to account for a market value of US$ 181.6 Mn by the end of 2017 and is likely to reach a value of more than US$ 350 Mn by the end of 2027. The global hydrogen electrolyzer market is anticipated to grow at a robust growth rate and is poised to register a CAGR of 7.0% throughout the period of forecast, 2017 to 2027.

Global Hydrogen Electrolyzer Market: Regional Analysis by Product Type

Western Europe is estimated to grow at a significant growth rate and is expected to reflect a market value of US$ 35.2 Mn with respect to the PEM (Polymer Electrolyte Membrane) segment by product type, followed by Middle East and Africa, Asia Pacific excluding Japan and North America in this segment. Asia Pacific excluding Japan (APEJ) region is poised to witness the highest growth rate as compared to other regions throughout the period of forecast. Europe region depicts a higher market value with respect to solid oxide electrolyzer segment by product type followed by Asia Pacific excluding Japan (APEJ), Latin America and North America respectively. Europe also dominates the global hydrogen electrolyzer market by the alkaline electrolyzer segment by reflecting a high market value of around US$ 50 Mn by 2027 end, and is followed by Asia Pacific excluding Japan (APEJ), North America and Latin America. To infer, Western Europe dominates the global market by region in all three segments by product type and it would be wise to make investments in Western Europe and Asia Pacific excluding Japan (APEJ) regions.

Alkaline Electrolyzer segment set to dominate the global hydrogen electrolyzer market

The global hydrogen electrolyzer market by product type includes PEM Electrolyzer segment, Alkaline Electrolyzer segment and Solid Oxide Electrolyzer segment. The alkaline electrolyzer segment dominated the global hydrogen electrolyzer market in 2016 by reflecting a higher market value of US$ 100.9 Mn and is expected to reach a value of US$ 107.4 Mn by the end of 2017. This dominating trend of this segment is more likely to continue till the end of 2027 and is anticipated to reach a value of more than US$ 190 Mn. The PEM electrolyzer segment is poised to register a higher growth rate compared to alkaline and solid oxide electrolyzer segments and is poised to exhibit a CAGR of 8.0% during the period of forecast, 2017-2027. Solid oxide electrolyzer segment is expected to witness sluggish growth rate and a comparatively low market value throughout the forecast period.

hydrogen electrolyzer market

Global Hydrogen Electrolyzer Market: Growth Propelling Aspects

  • There has been a rise in the requirements for hydrogen from the hydro processing industry, which has spurred the demand for hydrogen and hence the hydrogen electrolyzer market.

  • In Europe, the demand for hydrogen is being driven by the growing requirement to curb carbon content in the atmosphere and hence, hydrogen is being considered as an alternative clean fuel, which has propelled the growth of the global hydrogen electrolyzer market in this region.

  • In the North America region, especially the U.S., the rising demand for low-sulphur and ultra-low sulphur gasoline and diesel fuels on account of stringent motor vehicle emission legislations has been driving the demand for hydrogen in refineries, as a part of achieving superior fuel products. This requires the usage of hydrogen in refinery hydro processing and drives market demand for hydrogen thus contributing to the growth of the global hydrogen electrolyzer market in North America.

  • Aspects such as increasing demand for electric power, efforts for integration of compressing systems into electrolyzers in order to reduce operating costs and establishment of private-public partnerships to encourage hydrogen infrastructure are fuelling the global market growth for hydrogen electrolyzers.

The comprehensive research report titled “Hydrogen Electrolyzer Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027” by Future Market Insights supports the reader by assisting in slating and accumulating all possible strategies based on valuable insights in order to maintain the correct tempo with the changing dynamics of the market in the present as well as few years down the line.

Global perspective in a nutshell

The global hydrogen electrolyzer market research study focusses on various opportunities, trends, drivers and restraints across key geographies. This provides a global view of the market covering all the key areas presenting a holistic view of the market. This assists the reader to get a detailed understanding about the regions with optimum potential in order to slate investment decisions and expansion strategies. The research study eliminates all bias giving a more realistic shape to the market acumen.

Market Segmentation

By Product Type

By Capacity

By Hydrogen Outlet Pressure

By End Use

By Region

  • Polymer Electrolyte Membrane (PEM) Electrolyzer

  • Alkaline Electrolyzer

  • Solid Oxide Electrolyzer

  • Low (<= 150 kW)

  • Medium  (150 kW – 1 MW)

  • High (> 1 MW)

  • Low (<= 10 Bar)

  • Medium (10 Bar – 40 Bar)

  • High (>= 40 Bar)

  • Ammonia

  • Methanol

  • Refinery/Hydrocarbon Processing

  • Electronics

  • Energy

  • Power to Gas

  • Transport

  • Metal Production and Fabrication

  • Pharma & Biotech

  •  Food and Beverages

  • Glass Industry

  • Others

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • MEA

A “one-of-its-kind” research methodology
Credibility of the researched data and statistics lies in the uniqueness of the research methodology that ensures higher accuracy. In-depth assessment of the global hydrogen electrolyzer market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts is extrapolated and triangulation of these enables the analysts to arrive at a much accurate global market representation.

Complete competitive intelligence

The research report on the global hydrogen electrolyzer market involves a separate section focussing on the key players and the competition standing in the global market. This section features the strategies applied by the key players, their product portfolios, their innovations, developments and product evolutions, their area wise spread and future expansion plans, the mergers and acquisitions, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard ends with the inclusion of the analyses of the various aspects of the key competition in the market, how they are shaping the market along with the market dynamics.

There are several reasons that reinforce the value of this research report, such as uniqueness in the research data collection, detailed and comprehensive and a five level segmentation of the entire market, the key trends and developments taking place in the market, statistical analyses reaching maximum accuracy, global market forecasts that give an idea about the future market scenario based on the current and the past market dynamics and assisting the reader in slating important strategies in order to maintain the right rhythm and overcome the challenges caused by the changing market dynamics to achieve competitive advantage.

Actionable insights – true value addition to the existing research acumen

The comprehensive research report on the global hydrogen electrolyzer market provides valuable insights with weighted analyses. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Future Market Insights aims at doing all the heavy lifting by providing unbiased insights that can be actioned by the integral research team and supporting in achieving their research milestones.