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Global Water Electrolysis Market Information Report by Technology (Alkaline Water Electrolysis and Proton Exchange Membrane), by End-User (Chemical Industry, Petroleum Industry, Pharmaceuticals Industry, Power Plants, Electronics & Semiconductor Industry, and Others), and by Region - Forecast to 2023\nThe global water electrolysis market is expected to witness high growth during the forecast period. The growth of the water electrolysis market is mainly due to the increase in use of water electrolysis by end-user, growing demand of carbon free source of energy, and highly effective way of integrating renewables through power with gas facility. Water electrolysis is majorly used in chemical industry and petroleum industry. The growth in the chemical industry is expected to drive the water electrolysis market. The hydrogen that is produced through water electrolysis is free from carbon and environment friendly. This will increase the use of carbon free source of energy, which will drive the market. The global water electrolysis market is expected to reach USD 11,426.8 million by 2023 with 6.31% CAGR.\n\n

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global water electrolysis market information

Global Water Electrolysis Market Information Report by Connection Type (Wire to Wire, Wire to

Board, Board to Board), by System Type (Sealed, Unsealed), by Application (Body Control & Interiors,

Engine Control & Cooling System and others) and by Region - Global Forecast to 2023

Global Water Electrolysis Market Information Report by Technology (Alkaline Water Electrolysis

and Proton Exchange Membrane), by End-User (Chemical Industry, Petroleum Industry,

Pharmaceuticals Industry, Power Plants, Electronics & Semiconductor Industry, and Others), and

by Region - Forecast to 2023

The global water electrolysis market is expected to witness high growth during the forecast period.

The growth of the water electrolysis market is mainly due to the increase in use of water electrolysis

by end-user, growing demand of carbon free source of energy, and highly effective way of integrating

renewables through power with gas facility. Water electrolysis is majorly used in chemical industry

and petroleum industry. The growth in the chemical industry is expected to drive the water electrolysis

market. The hydrogen that is produced through water electrolysis is free from carbon and

environment friendly. This will increase the use of carbon free source of energy, which will drive the

market. The Global Water Electrolysis Market is expected to reach USD 11,426.8 million by 2023 with

6.31% CAGR.

The market is segmented on the basis of technology, end-user, and region. On the basis of technology,

the market is segmented as alkaline water electrolysis and proton exchange membrane. Alkaline

water electrolysis accounted for the largest market share and is projected to grow during the forecast

period due to the increased use of this technology for large-scale hydrogen production. Based on end-

users, chemical industry segment accounted for the largest market share during the forecast period

due to increase use of water electrolysis by chemical industry. Petroleum accounted for the second

largest segment due to the increased production and high investment in research and development.

Market Highlights:

Electrolysis is the simplest method used for producing hydrogen in industries, such as chemicals,

petroleum, glass, refineries, automotive, pharmaceutical, metals & mining, and others. Increase in use

of water electrolysis in end-use industries and growing demand of carbon free source of energy, are

pushing the market towards growth. Furthermore, increase in cost of water electrolyzer acts as a

major restraint for the growth of market. The growing demand of hydrogen in countries such as China

and India, is expected to drive the growth of water electrolysis market. Geographically, Asia-Pacific

accounts for the largest share of 34.20% in the global water electrolysis market in 2016.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4133

Market Research Analysis:

Asia-Pacific is expected to dominate the water electrolysis market due to the increasing demand in

countries such as India and China. China accounted for the largest market share of 47.02% in 2016 and

is projected to grow at 7.84% during the forecast period. North America is expected to hold majority

of the share of this market. Some of the major factors contributing to the growth of hydrogen market

in north america include availability of cheap

in North America include availability of cheap gas and improving demand from the end- markets

growth in the chemical industry, which will accelerate the growth of the water electrolysis market.

Segmentation

By Technology

Proton Exchange Membrane (PEM)

Alkaline Water Electrolysis

Solid Oxide Electrolyte (SOE)

By End-User

Chemical Industry

Petroleum Industry

Pharmaceuticals Industry

Power Plants

Electronics & Semiconductors Industry

Others

By Region

North America

Europe

Asia Pacific

Rest of the World

Regional Analysis

On the basis of region, the market is segment in Asia-Pacific, North America, Europe, and Rest of the

World. Asia-Pacific accounted for the largest market share of 34.20 in 2016 and is expected to grow

during the forecast period. The increased demand from countries such as India and China, is expected

to drive the growth of water electrolysis market in Asia-Pacific region. North America accounted for

the second largest market in 2016 because it is largely dependent on the strength of the nation and

global economy. The availability of cheap gas for chemical industry in North America, is expected to

drive the market during the forecast period.

Key Players

The key players in global water electrolysis market are ThyssenKrupp Ag (Germany), Linde

AG (Germany), Air Products and Chemicals, Inc. (U.S.), Siemens AG (Germany), ProtonOnsite (U.S.),

Teledyne Energy System Inc. (U.S.), Areva H2Gen (France), Hydrogenics Corporation (Canada), Erre

Due s.p.a (Italy) andPeak Scientific (Scotland).

The report for Global Water Electrolysis market of Market Research Future comprises of extensive

primary research along with the detailed analysis of qualitative as well as quantitative aspects by

various industry experts, key opinion leaders to gain the deeper insight of the market and industry

performance the report gives the clear picture

performance. The report gives the clear picture of current market scenario which includes historical

and projected market size in terms of value, technological advancement, macro economical and

governing factors in the market. The report provides details information and strategies of the top

key players in the industry. The report also gives a broad study of the different market segments and

regions.

Access Full Report @ https://www.marketresearchfuture.com/reports/water-electrolysis-market-

4133

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various

industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw

Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence

services to our clients. Our market research studies by products, services, technologies, applications,

end users, and market players for , regional, and country level market segments, enable our clients to

see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans &

conducts meet with the industry experts and industrial visits for its research analyst members.

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