Product Code: 4787
Title:
Electrolyzer Market Size By Product (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer), By Capacity ( <500 kW, 500 kW - 2 MW, Above 2 MW), By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 - 2026.
With rapid urbanization, ongoing development of renewable energy technologies, and rising investments toward hydrogen infrastructure, the electrolyzer market is slated to record significant gains over the forthcoming timeframe. Electrolysis of water is basically the decomposition of water into hydrogen and oxygen. This is achieved be passing an electric current through water. An electrolyzer is an equipment which utilizes electrical energy to break water into oxygen and hydrogen. The hydrogen can further be stored for being used later as fuel in a fuel cell vehicle for power to gas applications or to power a stationery-based fuel cell system.
Subsequently, just like fuel cells, electrolyzers comprise of a cathode and an anode which is detached by an electrolyte. Different types of electrolyzers function in different ways, majorly because of the diverse kind of electrolyte material involved. The electrolyzers market is forecast to register tremendous gains over the coming years because of the several advantages of using an electrolyzer.
In comparison to gas supplied in high-pressure cylinders, using electrolyzers is considered as one of the cheaper methods. The method can also be produced during the time of its use or directly at the location, besides it not even necessary to store it. Additionally, the hydrogen formed is also very pure.
The electrolyzer market is bifurcated in terms of product, capacity, application, and regional landscape.
In terms of application, the overall electrolyzer market is categorized into building heating & power, industry feedstock, transportation, power generation, and others. Among these, the power generation segment will witness substantial growth as increasing demand for electricity along with shifting trends toward sustainable power generation sources will positively influence the product adoption.
Growing demand for energy on account of expanding industrial base along with increasing power demand will propel the business outlook for the industry energy segment. Building heating & power segment is slated to witness remunerative growth over the coming years. Increasing investments toward sustainable heating technologies along with rapid urban area development, primarily across developing nations, will boost the industry growth.
From a regional frame of reference, apart from Asia-Pacific, Europe, and North America, the rest of the world will also witness tremendous growth owing to the ongoing development of sustainable energy technologies and the rapidly increasing investments toward hydrogen infrastructure.
Major strides in the field of electrolysis are being taken across the globe. Citing an example, in South Africa, the members Anglo American and Plug Power of FCHEA (Fuel Cell and Hydrogen Energy Association) are developing hydrogen systems mainly for a fuel cell-driven heavy-duty mining truck. Nel, another member of FCHEA would be supplying a 3.5 MW electrolyzer which is solar powered for producing hydrogen for the heavy-duty truck.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimation & forecast parameters
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid Sources
- 1.4.2.2 Public Sources
Chapter 2 Executive Summary
- 2.1 Electrolyzer industry 360 degree synopsis, 2015 - 2026
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Capacity trends
- 2.1.4 Application trends
- 2.1.5 Regional trends
Chapter 3 Electrolyzer Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry ecosystem analysis
- 3.3 Innovation landscape
- 3.3.1 Nel ASA
- 3.3.2 Acta S.p.A (Enapter)
- 3.3.3 Plug Power
- 3.3.4 McPhy Energy S.A.
- 3.4 Regulatory Landscape
- 3.4.1 International Standards
- 3.4.2 US
- 3.4.2.1 American National Standards Institute (ANSI)
- 3.4.3 Canada
- 3.4.4 Europe
- 3.4.4.1 European Union: CE Marking
- 3.4.4.1.1 Pressure Equipment Directive (PED) 2014/68/EU
- 3.4.4.1.2 The Low Voltage Directive 2014/35/EU
- 3.4.4.1.3 The ATEX 214 Directive 2014/34/EU
- 3.4.4.1.4 The Electromagnetic Compatibility Directive 2004/108/EC
- 3.4.4.1.5 The Machinery Directive 2006/42/EC
- 3.4.4.1.6 Directive 2012/18/EU or Seveso III Directive
- 3.4.4.2 UK
- 3.4.4.2.1 Hydrogen Production (via steam-methane reforming, electrolysis, and H2 liquification)
- 3.4.4.2.2 Hydrogen Storage
- 3.4.4.2.3 Hydrogen Transportation & Distribution (road transport in cylinders & tube trailers of bulk hydrogen gas/metal hydride stored hydrogen and liquified hydrogen)
- 3.4.4.2.4 H2 as a fuel & refueling infrastructure for mobility purpose
- 3.4.4.2.5 Vehicles (cars, buses, trucks, bikes, motorcycles, quadricycles, boats, and ships)
- 3.4.4.2.6 Electricity Grid Issues for Electrolysers
- 3.4.4.2.7 Gas Grid Issues (Injection of H2 at transmission/distribution level, SNG via methanation)
- 3.4.4.2.8 Product Standards:
- 3.4.4.2.9 BSI PVE 3/8: Hydrogen
- 3.4.4.2.10 BSI GEL 105: Fuel Cells
- 3.4.4.3 Germany
- 3.4.4.3.1 BetrSichV" ("Betriebssicherheitsverordnung" or industrial safety regulations)
- 3.4.4.3.2 UVVs ("Unfallverhutungsvorschriften" or Accident Prevention & Insurance Association safety prevention regulations) were furthermore considered at an early stage
- 3.4.4.3.3 Piping, fitting and joints meeting the PED 97/23/EC requirements
- 3.4.5 Spain
- 3.4.6 India
- 3.5 Cost structure analysis
- 3.5.1 PEM Electrolyzer
- 3.5.2 Alkaline Electrolyzer
- 3.5.3 Stack cost breakdown
- 3.6 Installed Cumulative Renewable Capacity (MW)
- 3.7 Covid-19 impact on industry outlook
- 3.8 Industry impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Favourable government policies
- 3.8.1.2 Environment-friendly and a better alternative than existing options
- 3.8.1.3 Growing electricity demand
- 3.8.2 Industry Pitfalls & Challenges
- 3.8.2.1 Lack of infrastructure
- 3.9 Growth potential analysis
- 3.10 List of key operating electrolyzers projects
- 3.10.1 U.S.
- 3.10.2 Canada
- 3.10.3 Germany
- 3.10.4 UK
- 3.10.5 France
- 3.10.6 Italy
- 3.10.7 Netherlands
- 3.10.8 Denmark
- 3.10.9 Spain
- 3.10.10 Norway
- 3.10.11 China
- 3.10.12 Japan
- 3.10.13 India
- 3.10.14 Australia
- 3.11 List of key upcoming/announced electrolyzers projects
- 3.11.1 U.S.
- 3.11.2 Canada
- 3.11.3 Germany
- 3.11.4 UK
- 3.11.5 France
- 3.11.6 Italy
- 3.11.7 Netherlands
- 3.11.8 Denmark
- 3.11.9 Spain
- 3.11.11 Norway
- 3.11.11 China
- 3.11.12 Australia
- 3.12 Porter's Analysis
- 3.12.1 Threat of new entrants
- 3.12.2 Bargaining power suppliers
- 3.12.3 Bargaining power of buyers
- 3.12.4 Threat of substitutes
- 3.13 Competitive landscape, 2019
- 3.13.1 Strategy dashboard
- 3.13.1.1 Toshiba Energy Systems & Solutions Corporation
- 3.13.1.1.1 Business Operations
- 3.13.1.1.2 Agreements
- 3.13.1.1.3 Demonstration Project
- 3.13.1.1.4 Product Introduction
- 3.13.1.2 SIEMENS AG
- 3.13.1.2.1 Product Order
- 3.13.1.2.2 Research Project
- 3.13.1.3 Mcphy Energy
- 3.13.1.3.1 Product Launch
- 3.13.1.4 Proton Onsite
- 3.13.1.4.1 Business Operations
- 3.13.1.4.2 Agreements
- 3.13.1.5 Nel ASA
- 3.13.1.5.1 Agreements
- 3.13.1.5.2 Product Orders & development
- 3.13.1.5.3 Product Launch
- 3.13.1.6 Hydrogenics Corporation
- 3.13.1.7 ITM Power Plc
- 3.13.1.7.1 Partnership
- 3.13.1.7.2 Product Launch
- 3.13.1.7.3 Business expansion
- 3.13.1.8 Plug Power Inc.
- 3.14 PESTEL Analysis
Chapter 4 Electrolyzer Market, By Product
- 4.1 Electrolyzer market share by product, 2019 & 2026
- 4.2 Alkaline electrolyzer
- 4.2.1 Global Market from alkaline electrolyzer, 2015 - 2026
- 4.2.2 Global market for alkaline electrolyzer, by region, 2015 - 2026
- 4.3 PEM electrolyzer
- 4.3.1 Global Market from PEM electrolyzer, 2015 - 2026
- 4.3.2 Global market for PEM electrolyzer, by region, 2015 - 2026
- 4.4 SOEC electrolyzer
- 4.4.1 Global Market from SOEC electrolyzer, 2015 - 2026
- 4.4.2 Global market for SOEC electrolyzer, by region, 2015 - 2026
Chapter 5 Electrolyzer Market, By Capacity
- 5.1 Electrolyzer market share by capacity, 2019 & 2026
- 5.2 < 500 kW
- 5.2.1 Global Market from < 500 kW, 2015 - 2026
- 5.2.2 Global market for < 500 kW, by region, 2015 - 2026
- 5.3 500 kW - 2 MW
- 5.3.1 Global Market from 500 kW - 2 MW, 2015 - 2026
- 5.3.2 Global market for 500 kW - 2 MW, by region, 2015 - 2026
- 5.4 Above 2 MW
- 5.4.1 Global Market from above 2 MW, 2015 - 2026
- 5.4.2 Global market for above 2 MW, by region, 2015 - 2026
Chapter 6 Electrolyzer Market, By Application
- 6.1 Electrolyzer market share by application, 2019 & 2026
- 6.2 Power generation
- 6.2.1 Global Market from power generation, 2015 - 2026
- 6.2.2 Global market for power generation, by region, 2015 - 2026
- 6.3 Transportation
- 6.3.1 Global Market from transportation, 2015 - 2026
- 6.3.2 Global market for transportation, by region, 2015 - 2026
- 6.4 Industry energy
- 6.4.1 Global Market from industry energy, 2015 - 2026
- 6.4.2 Global market for industry energy, by region, 2015 - 2026
- 6.5 Industry feedstock
- 6.5.1 Global Market from industry feedstock, 2015 - 2026
- 6.5.2 Global market for industry feedstock, by region, 2015 - 2026
- 6.6 Building heat & power
- 6.6.1 Global Market from building heat & power, 2015 - 2026
- 6.6.2 Global market for building heat & power, by region, 2015 - 2026
- 6.7 Others
- 6.7.1 Global Market from others, 2015 - 2026
- 6.7.2 Global market for others, by region, 2015 - 2026
Chapter 7 Electrolyzer Market, By Region
- 7.1 Electrolyzer market share by region, 2019 & 2026
- 7.2 North America
- 7.2.1 North America market, 2015 - 2026
- 7.2.2 North America market by product, 2015 - 2026
- 7.2.3 North America market by capacity, 2015 - 2026
- 7.2.4 North America market by application, 2015 - 2026
- 7.2.5 U.S.
- 7.2.5.1 U.S. market, 2015 - 2026
- 7.2.5.2 U.S. market by product, 2015 - 2026
- 7.2.5.3 U.S. market by capacity, 2015 - 2026
- 7.2.5.4 U.S. market by application, 2015 - 2026
- 7.2.6 Canada
- 7.2.6.1 Canada market, 2015 - 2026
- 7.2.6.2 Canada market by product, 2015 - 2026
- 7.2.6.3 Canada market by capacity, 2015 - 2026
- 7.2.6.4 Canada market by application, 2015 - 2026
- 7.3 Europe
- 7.3.1 Europe market, 2015 - 2026
- 7.3.2 Europe market by product, 2015 - 2026
- 7.3.3 Europe market by capacity, 2015 - 2026
- 7.3.4 Europe market by application, 2015 - 2026
- 7.3.5 Germany
- 7.3.5.1 Germany market, 2015 - 2026
- 7.3.5.2 Germany market by product, 2015 - 2026
- 7.3.5.3 Germany market by capacity, 2015 - 2026
- 7.3.5.4 Germany market by application, 2015 - 2026
- 7.3.6 UK
- 7.3.6.1 UK market, 2015 - 2026
- 7.3.6.2 UK market by product, 2015 - 2026
- 7.3.6.3 UK market by capacity, 2015 - 2026
- 7.3.6.4 UK market by application, 2015 - 2026
- 7.3.7 France
- 7.3.7.1 France market, 2015 - 2026
- 7.3.7.2 France market by product, 2015 - 2026
- 7.3.7.3 France market by capacity, 2015 - 2026
- 7.3.7.4 France market by application, 2015 - 2026
- 7.3.8 Italy
- 7.3.8.1 Italy market, 2015 - 2026
- 7.3.8.2 Italy market by product, 2015 - 2026
- 7.3.8.3 Italy market by capacity, 2015 - 2026
- 7.3.8.4 Italy market by application, 2015 - 2026
- 7.3.9 Netherlands
- 7.3.9.1 Netherlands market, 2015 - 2026
- 7.3.9.2 Netherlands market by product, 2015 - 2026
- 7.3.9.3 Netherlands market by capacity, 2015 - 2026
- 7.3.9.4 Netherlands market by application, 2015 - 2026
- 7.3.10 Denmark
- 7.3.10.1 Denmark market, 2015 - 2026
- 7.3.10.2 Denmark market by product, 2015 - 2026
- 7.3.10.3 Denmark market by capacity, 2015 - 2026
- 7.3.10.4 Denmark market by application, 2015 - 2026
- 7.3.11 Spain
- 7.3.11.1 Spain market, 2015 - 2026
- 7.3.11.2 Spain market by product, 2015 - 2026
- 7.3.11.3 Spain market by capacity, 2015 - 2026
- 7.3.11.4 Spain market by application, 2015 - 2026
- 7.3.12 Norway
- 7.3.12.1 Norway market, 2015 - 2026
- 7.3.12.2 Norway market by product, 2015 - 2026
- 7.3.12.3 Norway market by capacity, 2015 - 2026
- 7.3.12.4 Norway market by application, 2015 - 2026
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific market, 2015 - 2026
- 7.4.2 Asia Pacific market by product, 2015 - 2026
- 7.4.3 Asia Pacific market by capacity, 2015 - 2026
- 7.4.4 Asia Pacific market by application, 2015 - 2026
- 7.4.5 China
- 7.4.5.1 China market, 2015 - 2026
- 7.4.5.2 China market by product, 2015 - 2026
- 7.4.5.3 China market by capacity, 2015 - 2026
- 7.4.5.4 China market by application, 2015 - 2026
- 7.4.6 Japan
- 7.4.6.1 Japan market, 2015 - 2026
- 7.4.6.2 Japan market by product, 2015 - 2026
- 7.4.6.3 Japan market by capacity, 2015 - 2026
- 7.4.6.4 Japan market by application, 2015 - 2026
- 7.4.7 India
- 7.4.7.1 India market, 2015 - 2026
- 7.4.7.2 India market by product, 2015 - 2026
- 7.4.7.3 India market by capacity, 2015 - 2026
- 7.4.7.4 India market by application, 2015 - 2026
- 7.4.8 Australia
- 7.4.8.1 Australia market, 2015 - 2026
- 7.4.8.2 Australia market by product, 2015 - 2026
- 7.4.8.3 Australia market by capacity, 2015 - 2026
- 7.4.8.4 Australia market by application, 2015 - 2026
- 7.5 Rest of World
- 7.5.1 Rest of World market, 2015 - 2026
- 7.5.2 Rest of World market by product, 2015 - 2026
- 7.5.3 Rest of World market by capacity, 2015 - 2026
- 7.5.4 Rest of World market by application, 2015 - 2026
Chapter 8 Company Profiles
- 8.1 Hydrogenics Corporation
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategy Outlook
- 8.1.5 SWOT Analysis
- 8.2 Nel ASA
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategy Outlook
- 8.2.5 SWOT Analysis
- 8.3 Proton Onsite
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategy Dashboard
- 8.3.5 SWOT Analysis
- 8.4 Siemens AG
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 Toshiba Energy Systems & Solutions Corporation
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 Air Liquide SA
- 8.6.1 Business Overview
- 8.6.2 Financial Landscape
- 8.6.3 Product Landscape
- 8.6.4 Strategy Dashboard
- 8.6.5 SWOT Analysis
- 8.7 Plug Power Inc.
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 McPhy Energy S.A.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategy outlook
- 8.8.5 SWOT Analysis
- 8.9 ITM Power Plc
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Idroenergy SPA
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 SWOT Analysis
- 8.11 Asahi Kasei Corporation
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Tianjin Mainland Hydrogen equipment Co. Ltd.
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Cockerill Jingli Hydrogen (CJH)
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Kobelco Eco-solutions Co. Ltd.
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Erredue SPA
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 SWOT Analysis
- 8.16 Green Hydrogen
- 8.16.1 Business Overview
- 8.16.2 Financial Data
- 8.16.3 Product Landscape
- 8.16.4 Strategic Outlook
- 8.16.5 SWOT Analysis
- 8.17 AREVA H2Gen
- 8.17.1 Business Overview
- 8.17.2 Financial Data
- 8.17.3 Product Landscape
- 8.17.4 Strategy Outlook
- 8.17.5 SWOT Analysis
- 8.18 Industrie Haute Technologie (IHT)
- 8.18.1 Business Overview
- 8.18.2 Financial Data
- 8.18.3 Product Landscape
- 8.18.4 SWOT analysis
- 8.19 Next Hydrogen Corporation
- 8.19.1 Business Overview
- 8.19.2 Financial Data
- 8.19.3 Product Landscape
- 8.19.4 Strategic Outlook
- 8.19.5 SWOT Analysis
- 8.20 Acta S.p.A.
- 8.20.1 Business Overview
- 8.20.2 Financial Data
- 8.20.3 Product Landscape
- 8.20.4 SWOT Analysis
- 8.21 Sunfire GmbH
- 8.21.1 Business Overview
- 8.21.2 Financial Data
- 8.21.3 Product Landscape
- 8.21.4 Strategic Outlook
- 8.21.5 SWOT Analysis