World economic growth, the Water Electrolysis Competitive industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Water Electrolysis Competitive market size to maintain the average annual growth rate of 0.0456395525913 from 240.0 million $ in 2019 to 300.0 million $ in 2026, Stratagem Market Insights analysts believe that in the next few years, Water Electrolysis Competitive market size will be further expanded, we expect that by 2023, The market size of the Water Electrolysis Competitive will reach 420.0 million $.
Overview:
Electrolysis is a promising option for hydrogen production from renewable resources. Water electrolysis is the process by which water is decomposed into oxygen and hydrogen gas when an electric current is passed through it. It requires a minimum potential difference of around 1.23 volts to split water. These are mainly used in applications where reliable, accurate, and precise splitting is required. Water electrolysis for hydrogen production finds its application in various industries such as chemicals, refineries, petroleum, pharmaceuticals, automobile, and more. The global water electrolysis competitive market focuses on six regions namely North America, South America, Asia Pacific, Europe, Middle East, and Africa.
Drivers:
Major players in the market are focusing on complying with international testing standards, which is expected to drive growth of the global water electrolysis competitive market during the forecast period. For instance, PCE Deutschland GmbH designs water electrolysis machines in compliance with international testing standards such as ISO 3688 and ISO 2470. Increasing demand from several industries such as chemicals, pharmaceuticals, power generation, and petroleum is expected to propel growth of the market. Moreover, growing demand for a carbon-free source of energy is expected to drive growth of the global water electrolysis competitive market.
Restraint:
High cost of machines is expected to hinder growth of the global water electrolysis competitive market during the forecast period. Moreover, the availability of substitute products is also expected to impede the market growth.
Regional Insights:
North America is expected to register robust growth in the global water electrolysis competitive market during the forecast period due to the increased use of hydrogen and fuel cells in the U.S. Hydrogen and fuel cells provide a cleaner environment. For instance, in September 2018, Hydrogenics received a contract to supply six heavy-duty fuel cell power modules for heavy-duty trucks in California, U.S.
Asia Pacific is also expected to witness significant growth in the market, owing to growing chemical sector in the region. For instance, the Government of India allows 100% FDI (foreign direct investment) in the chemical sector, which has aided in growth of the industry in the country.
Competitive Section:
Kay players involved in the global water electrolysis competitive market are 718th Research Institute of CSIC, Proton On-Site, Teledyne Energy Systems, Nel Hydrogen, Hydrogenics, Suzhou Jingli, McPhy, Beijing Zhongdian, Siemens, TianJin Mainland, Shandong Saksay Hydrogen Energy, Areva H2gen, Asahi Kasei, Idroenergy Spa, Shaanxi Huaqin, Erredue SpA, Yangzhou Chungdean Hydrogen Equipment, Kobelco Eco-Solutions, ELB Elektrolysetechnik GmbH, ITM Power, and Toshiba.
In July 2020, Nel Hydrogen received a US$ 4.4 million grant by the Department of Energy to develop advanced components and manufacturing methods to enable low-cost hydrogen from electrolysis.
In November 2019, Siemens entered into a contract with Salzgitter Flachstahl GmbH (SZFG) to build a 2.2-megawatt PEM (Proton Exchange Membrane) electrolysis plant, which is due to commence operation in the fourth quarter of 2020.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the World, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
Proton On-Site
718th Research Institute of CSIC
Teledyne Energy Systems
Hydrogenics
Nel Hydrogen
Suzhou Jingli
Beijing Zhongdian
McPhy
Siemens
TianJin Mainland
Areva H2gen
Shandong Saksay Hydrogen Energy
Yangzhou Chungdean Hydrogen Equipment
Asahi Kasei
Idroenergy Spa
Erredue SpA
ShaanXi HuaQin
Kobelco Eco-Solutions
ELB Elektrolysetechnik GmbH
ITM Power
Toshiba
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Traditional Alkaline Electroliser
PEM Electroliser
Industry Segmentation
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2026-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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