USD 87.36 Mn growth in Hydrogen Electrolyzers Market| Integration of Renewables with Hydrogen Electrolyzers boosting the growth |Technavio
NEW YORK, June 23, 2022 /PRNewswire/ -- The hydrogen electrolyzers market size is expected to grow by USD 87.36 million at a CAGR of 6.4% as per the Technavio latest market report. Discover Renewable Electricity industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports ? Buy the Sample Report!
The hydrogen electrolyzers market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by the integration of renewables with hydrogen electrolyzers.
The Hydrogen Electrolyzers Market is segmented by electrolyze type (alkaline and PEM) and geography (North America, Europe, APAC, MEA, and South America). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Hydrogen Electrolyzers Market Segmentation
Alkaline segment will significantly increase its market share in hydrogen electrolyzers. Price-wise, alkaline hydrogen electrolyzers are significantly less expensive than PEM electrolyzers. As a result, this kind of electrolyzer is frequently used to produce clean hydrogen locally. Alkaline hydrogen electrolyzers have the key benefit of supporting greater MW range stacks, which increases capacity and creates a stable working environment for the hydrogen electrolyzers. Therefore, the alkaline hydrogen electrolyzer segment will have stable growth during the projection period due to benefits including cheaper prices and increased production capacity when compared with PEM hydrogen electrolyzers.
Hydrogen Electrolyzers Market Vendor Analysis and Scope
To help businesses improve their market position, the hydrogen electrolyzers market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Asahi Kasei Corp., Cockerill JingLi Hydrogen, Gaztransport and Technigaz SA as key vendors.
The growing adoption of fuel cell-powered vehicles is likely to emerge as one of the primary drivers of the market. However, the competition from alternate technologies of hydrogen production may threaten the growth of the market.
Companies Mentioned
We provide a detailed analysis of vendors operating in the connected home security system market, including some of the vendors such as
Asahi Kasei Corp.
Cockerill JingLi Hydrogen
Gaztransport and Technigaz SA
Kobe Steel Ltd.
McPhy Energy SA
Nel ASA
Shandong Saikesaisi Hydrogen Energy Co., Ltd.
SwissHydrogen SA
Teledyne Technologies Inc.
Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read the latest Sample Report.
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Hydrogen Electrolyzers Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Decelerate at a CAGR of 6.4%
Market growth 2021-2025
$ 87.36 million
Market structure
Fragmented
YoY growth (%)
8.97
Regional analysis
North America, Europe, APAC, MEA, and South America
Performing market contribution
North America at 37%
Key consumer countries
US, Germany, Sweden, Canada, and Japan
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Asahi Kasei Corp., Cockerill JingLi Hydrogen, Gaztransport and Technigaz SA, Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., SwissHydrogen SA, Teledyne Technologies Inc., and Yangzhou Zhongdian hydrogen production equipment Co. Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Electrical components and equipment
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
4.1 Five forces analysis
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Electrolyzer Type
5.1 Market segments
Exhibit 15: Electrolyzer Type - Market share 2020-2025 (%)
Exhibit 85: Validation techniques employed for market sizing
Exhibit 86: Information sources
11.4 List of abbreviations
Exhibit 87: List of abbreviations
About Us
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