Research Nester published a report titled “Electrolyzers Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global electrolyzers market in terms of market segmentation by product, capacity, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global electrolyzers market is estimated to occupy a sizeable amount of revenue by growing at a CAGR of ~25% during the forecast period, i.e., 2022 – 2030, owing to the rising demand for hydrogen as a green fuel, and increasing demand for fuel cell based automotive globally. Apart from these, favorable regulatory policies regarding development of hydrogen infrastructure and decline in prices of electrolyzers are also expected to drive market growth in the coming years.
The market is segmented by product, capacity and application. Based on product, the alkaline electrolyzer segment is anticipated to grab the largest market share during the forecast period on the back of the long lifespan, low capital cost and high ionic conductivity. Additionally, by application, the power generation segment is projected to hold the largest share over the forecast period attributing to the rising demand for on-site electrolyzer setup in this industry.
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Geographically, the global electrolyzers market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the strong presence of market players in the region. Moreover, the market in Europe is assessed to grow by the highest rate in the future owing to the high demand for hydrogen fuel in automotive industry.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Demand for Hydrogen as a Green Fuel Worldwide to Drive Market Growth
Electricity generated by combining hydrogen and oxygen in a fuel cell can be extremely useful to power vehicles, as a heat source and for various other purposes. As it can be made safely from renewable sources and is non-polluting, the demand for hydrogen is estimated to rise in the coming years, which in turn is predicted to drive the growth of the global electrolyzers market in the upcoming years.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high cost of using electrolyzers for generating electricty is expected to operate as key restraint to the growth of the global electrolyzers market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global electrolyzers market which includes company profiling of Siemens AG, Erredue SpA, Giner Inc., Shandong Saikesaisi Hydrogen Energy Co., Ltd., Cummins, Inc., SIEMENS ENERGY Global GmbH & Co. KG. AG, TOSHIBA CORPORATION, Air Liquide S.A., NEL ASA, Plug Power Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global electrolyzers market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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