The global Water Electrolysis market was valued at US$ 212.7 million in 2020 and it is expected to reach US$ 683.3 million by the end of 2027, growing at a CAGR of 16.8% during 2021-2027.
Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
The major players in global Water Electrolysis market include 718th Research Institute of CSIC, Proton On-Site, Hydrogenics, etc. The top 3 players occupy about 40% shares of the global market. Asia Pacific and Europe are main markets, they occupy about 70% of the global market. Traditional Alkaline Electroliser is the main type, with a share about 60%. Energy Storage or Fueling for FCEV’s is the main application, which holds a share about 20%.
Global Water Electrolysis Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Water Electrolysis Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 718th Research Institute of CSIC, Proton On-Site, Hydrogenics, Teledyne Energy Systems, Suzhou Jingli, McPhy, TianJin Mainland, Siemens, Nel Hydrogen, Toshiba, Yangzhou Chungdean Hydrogen Equipment, Areva H2gen, ITM Power, Idroenergy Spa, Erredue SpA, Kobelco Eco-Solutions, ShaanXi HuaQin, EM Solution, Beijing Zhongdian, H2B2, Elchemtech, Asahi Kasei, Verde LLC, Thyssenkrupp and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-water-electrolysis-market-research-report
Segment by Type
- Traditional Alkaline Electroliser
- PEM Electroliser
Segment by Application
- Power Plants
- Steel Plant
- Electronics and Photovoltaics
- Industrial Gases
- Energy Storage or Fueling for FCEV’s
- Power to Gas
Table of Content:
1 Water Electrolysis Market Overview
2 Water Electrolysis Market Competition by Manufacturers
3 Water Electrolysis Retrospective Market Scenario by Region
4 Global Water Electrolysis Historic Market Analysis by Type
5 Global Water Electrolysis Historic Market Analysis by Application
6 Key Companies Profiled
7 Water Electrolysis Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Water Electrolysis Market Dynamics
10 Global Water Electrolysis Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.