Future Market Insights has announced the addition of the “Hydrogen Electrolyze Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026" report to their offering.
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Hydrogen, used across various industrial applications such as chemicals, electronics,
glass, etc., is produced both as a principal product and a by-product. More than 90% of
total hydrogen demand across the globe depends upon fossil fuel based resources. Only a
small fraction of this demand is met by hydrogen produced by water electrolysis.
Different kind of electrolyzers such as alkaline electrolyzer, polymer electrolyte
membrane (PEM) electrolyzer, solid oxide electrolyzer etc. are available in the market,
which differ in processing methods and operational efficiency. Hydrogen electrolyzer
disintegrates water into oxygen and hydrogen gases by passage of electric current. In
order to meet optimum volume demand for different applications, these electrolyzers are
available in varying capacities with hydrogen generation ranging from small scale
production (100 liter/h) to large scale production (1000 liter/h).
Considered as a green fuel of the future, governments across the globe are highly
focused in creating a sustainable hydrogen economy, for which electrolyzers are expected
to play a significant role over the coming years. Besides, hydrogen electrolyzers are also
anticipated to gain popularity in small scale industrial applications with more end-users
favoring for on-site hydrogen generation in industries such as food & beverages, metal
production and fabrication, electronics, and others.
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Global Hydrogen Electrolyzer Market Dynamics
Government regulations and public-private partnerships for promoting use of hydrogen
as an automotive fuel and energy carrier is expected to emerge as the most significant
growth driver for electrolyzers market over the forecast period. Moreover, in geographies
where transportation of hydrogen from long distances is either not cost effective or
generation cost from natural gas is comparatively higher, end-users are preferring small
scale electrolyzers for on-site generation.
Although, technological advancements in hydrogen electrolyzers are bringing the overall
hydrogen production cost down, still there is a long way to go to make electrolysis as cost
efficient as other conventional method of production i.e. steam methane reforming, etc.
Ongoing process level developments for increasing overall electrolyzer efficiency, such as
advancements in catalyst & membrane effectiveness, are expected to make the process
of electrolysis more cost effective over the coming decade. Further, development in
efficient hydrogen storage system and high-pressure electrolyzers are expected to
provide significant growth opportunities in the global hydrogen electrolyzer market over
the forecast period of 2016-2026.
The key trends involved in the global hydrogen electrolyzer market include use of
renewable energy resources such as wind & solar coupled with electrolyzer system for
hydrogen production and, in turn, for electricity generation.
Global Hydrogen Electrolyzer Market Segmentation
Global hydrogen electrolyzer market is segmented on the basis of type, end-user and
On the basis of type, global hydrogen electrolyzer market is segmented into
Polymer Electrolyte Membrane (PEM) Electrolyzer
Alkaline Water Electrolyzer
Solid Oxide Electrolyzer
On the basis of end-user, global hydrogen electrolyzer market is segmented into
Food and beverages
Pharmaceutical & Biotechnology
Metal production and Fabrication
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Global Hydrogen Electrolyzer Market: Regional Outlook
North America and Western Europe are expected to hold significant shares in the global
hydrogen electrolyzer market. Market in Asia Pacific is still in its nascent phase in terms of
untapped opportunity it holds, however, over the forecast period, market in Asia-pacific
is expected to create significant growth opportunities owing to increasing use of
hydrogen across various end-use industries such as glass, electronics, welding & metal
Global Hydrogen Electrolyzer Market: Key Players
Key players involved in the value chain of global hydrogen electrolyzer market includes
Itm-power, Ballard Power Systems, Plug Power, Proton Power Control Pvt Ltd., Quantum
Fuel Systems Technologies worldwide Inc.,HyperSolar - Technology, Kingkar
technologies, Acta S.p.A and others. Companies are largely focused in research and
development to reduce overvolatge of the oxygen evolution reaction (OER) in
electrolyzers in order to make the process more cost efficient.
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