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Global Hydrogen

Electrolyzer Market

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Analysis, Research, Report,


Segmentation and Forecast,


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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.

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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

fabrication etc.

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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