市場調査レポート
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電解槽市場レポート:製品・容量・用途・地域別、2023-2028年Electrolyzer Market Report by Product, Capacity, Application, and Region 2023-2028 |
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電解槽市場レポート:製品・容量・用途・地域別、2023-2028年 |
出版日: 2023年11月24日
発行: IMARC
ページ情報: 英文 147 Pages
納期: 2~3営業日
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世界の電解槽市場規模は2022年に4億6,170万米ドルに達しました。今後、IMARC Groupは、市場は2028年までに7億9,630万米ドルに達し、2022年から2028年の間に9.51%の成長率(CAGR)を示すと予測しています。再生可能エネルギーを推進する政府の数多くのイニシアティブ、様々な分野での水素需要の高まり、持続可能な開発への焦点の強化、技術の継続的な進歩は、市場を推進する主な要因の一部です。
電解槽は、電気分解として知られる電気化学的プロセスを利用して、水やその他の化合物を構成元素に分解する装置です。電解槽は電解質溶液と2つの電極で構成され、通常、金属や金属酸化物などの導電性材料で作られています。電解液に電流を流すと、電極で化学反応が起こる。電解質は、クリーンで汎用性の高いエネルギーキャリアである水素の製造に重要な役割を果たします。再生可能な電力を利用することで、燃料電池、エネルギー貯蔵、輸送、工業プロセスなどの用途で大きな可能性を秘めたグリーン水素を製造することができます。
再生可能エネルギー源の統合は、市場の重要な促進要因です。太陽光発電や風力発電などの再生可能エネルギー発電は、断続的な発電パターンを示します。電解槽は、発電量が多い期間に、余剰の再生可能エネルギーを水の電気分解によって水素に変換するソリューションを提供します。このプロセスは、エネルギー貯蔵とグリッド・バランシングを可能にし、再生可能エネルギーの断続性の課題に効果的に対処します。さらに、輸送、暖房、発電の燃料として水素を利用することへの関心の高まりが、市場に明るい見通しをもたらしています。さらに、鉄鋼生産、アンモニア生産、合成燃料などのさまざまな用途で、炭素排出を削減するための水素の統合が模索されており、これが市場の成長を後押ししています。技術の継続的な進歩は、世界市場の拡大にさらに貢献しています。
有利な政府のイニシアチブと政策
数々の有利な政府の取り組みや政策の実施は、市場に大きな影響を与えています。世界各国は再生可能エネルギーの導入と脱炭素戦略を積極的に推進しており、電解槽はこうした取り組みにおいて重要な役割を果たしています。各国政府は、電解槽の導入と水素製造を促進するために、補助金、助成金、税制優遇措置、有利な規制などの支援政策を実施しています。これらのイニシアチブは、電解技術への投資を刺激し、研究開発を奨励し、市場環境を整えることを目的としています。強力な政府支援の存在は、投資家と利害関係者に安定と信頼をもたらし、市場の成長を促進します。
水素需要の増大
水素需要の増大も市場を牽引する重要な要因です。水素は、輸送、産業、発電など様々な分野の脱炭素化を実現する可能性を秘めた、クリーンで汎用性の高いエネルギーキャリアとして注目を集めています。水素の製造、特に再生可能エネルギー源を利用した電気分解によって生成されるグリーン水素の製造には不可欠です。燃料電池の燃料、工業プロセスの原料、再生可能エネルギーの貯蔵媒体としての水素需要の高まりは、メーカーに大きな市場機会をもたらしています。持続可能なエネルギーソリューションとしての水素への関心の高まりが、技術への投資を促進し、市場の拡大に寄与しています。
技術の進歩とコスト削減
技術の進歩とコスト削減が市場成長の主な原動力となっています。長年にわたり、効率性、拡張性、耐久性の向上につながる技術の進歩が著しいです。研究開発の努力は、触媒材料、膜技術、電極設計、システム統合の強化に集中してきました。これらの進歩は、より高い性能、より長いシステム寿命、メンテナンス要件の低減をもたらしました。システムのコストが下がり続けるにつれて、経済的に実行可能になり、より幅広い用途や産業にとって魅力的なものとなっています。継続的な技術の進歩とコスト削減努力は市場競争力を強化し、それによって市場は世界的に拡大しています。
The global electrolyzer market size reached US$ 461.7 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 796.3 Million by 2028, exhibiting a growth rate (CAGR) of 9.51% during 2022-2028. Numerous government initiatives promoting renewable energy, the growing demand for hydrogen in various sectors, an enhanced focus on sustainable development and continual advancements in technologies are some of the major factors propelling the market.
An electrolyzer is a device that utilizes an electrochemical process known as electrolysis to split water or other compounds into their constituent elements. It consists of an electrolyte solution and two electrodes, typically made of conductive materials such as metals or metal oxides. When an electric current is passed through the electrolyte, it triggers chemical reactions at the electrodes. They play a crucial role in the production of hydrogen, which is considered a clean and versatile energy carrier. By utilizing renewable electricity, they can produce green hydrogen, which has significant potential in applications such as fuel cells, energy storage, transportation, and industrial processes.
The integration of renewable energy sources is a significant driving factor for the market. Renewable energy, such as solar and wind power, exhibits intermittent generation patterns. Electrolyzers provide a solution for converting excess renewable energy into hydrogen through water electrolysis during periods of high generation. This process allows for energy storage and grid balancing, effectively addressing the intermittency challenge of renewables. Moreover, the growing interest in utilizing hydrogen as a fuel for transportation, heating, and power generation is creating a positive outlook for the market. Additionally, various applications like steel production, ammonia production, and synthetic fuels are exploring the integration of hydrogen to reduce carbon emissions, which is propelling the market growth. Continual advancements in technologies are further contributing to the expansion of the global market.
Favorable Government Initiatives and Policies
The implementation of numerous favorable government initiatives and policies have a significant impact on the market. Various countries around the world are actively promoting the adoption of renewable energy sources and decarbonization strategies, and electrolyzers play a crucial role in these efforts. Governments are implementing supportive policies such as subsidies, grants, tax incentives, and favorable regulations to accelerate the deployment of electrolyzers and the production of hydrogen. These initiatives aim to stimulate investment in electrolysis technologies, encourage research and development, and create a conducive market environment. The presence of robust government support provides stability and confidence for investors and stakeholders, fostering the growth of the market.
Growing Demand for Hydrogen
The increasing demand for hydrogen is another key factor driving the market. Hydrogen is gaining attention as a clean and versatile energy carrier with the potential to decarbonize various sectors such as transportation, industry, and power generation. They are essential for the production of hydrogen, especially green hydrogen, which is generated through electrolysis using renewable energy sources. The rising demand for hydrogen as a fuel for fuel cells, a feedstock for industrial processes, and a storage medium for renewable energy is creating a significant market opportunity for manufacturers. The growing interest in hydrogen as a sustainable energy solution is driving investments in technologies and contributing to the expansion of the market.
Technological Advancements and Cost Reduction
Technological advancements and cost reduction is majorly driving the market growth. Over the years, significant progress has been made in technologies, leading to improved efficiency, scalability, and durability. Research and development efforts have focused on enhancing catalyst materials, membrane technologies, electrode designs, and system integration. These advancements have resulted in higher performance, increased system lifetimes, and reduced maintenance requirements. As the costs of systems continue to decline, they become more economically viable and attractive to a wider range of applications and industries. Continual technological advancements and cost reduction efforts are augmenting market competitiveness, thereby expanding the market globally.
IMARC Group provides an analysis of the key trends in each segment of the global electrolyzer market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on product, capacity and application.
Alkaline Electrolyzer
PEM Electrolyzer
Solid Oxide Electrolyzer
Alkaline electrolyzer represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the product. This includes alkaline, PEM, and solid oxide electrolyzers. According to the report, alkaline electrolyzer represented the largest segment.
Alkaline electrolyzers are relatively cost efficient as compared to other types. This makes them an attractive option for applications where the primary focus is on producing hydrogen at a lower cost. The cost advantage of alkaline variants stems from the use of abundant and inexpensive materials, such as nickel-based catalysts, in the electrode construction. They also have high efficiency levels, contributing to their popularity. They can achieve high current densities, resulting in greater hydrogen production rates per unit of size. This efficiency makes them suitable for applications with high hydrogen demand, such as industrial processes and large-scale energy storage. Furthermore, their enhanced reliability and durability are contributing to their increased uptake. Their robust design and simpler operation make them less prone to performance issues and easier to maintain.
Less than 500 kW
Above 2 MW
The report has provided a detailed breakup and analysis of the market based on the capacity. This includes Less than 500 kW, 500 kW to 2 MW, and Above 2 MW. According to the report, 500 kW to 2 MW represented the largest segment.
Electrolyzers within the 500 kW to 2 MW range are considered suitable for a wide range of applications, including industrial processes, energy storage, and hydrogen production for fueling stations. They offer a significant capacity to meet the demand for hydrogen in various sectors while remaining manageable in terms of installation space, operational requirements, and cost. Additionally, this capacity range aligns well with the needs of the emerging hydrogen economy. As the demand for hydrogen continues to grow, particularly in industries aiming to reduce carbon emissions and transition to cleaner energy sources, products in the 500 kW to 2 MW range provide a viable solution. They can cater to mid-sized hydrogen production requirements and contribute to the scaling up of hydrogen infrastructure.
Power Generation
Transportation
Industry Energy
Industry Feedstock
Building Heat and Power
Others
Power generation represents the largest market segment
The report has provided a detailed breakup and analysis of the market based on the application. This includes power generation, transportation, industry energy, industry feedstock, building heat and power, and others. According to the report, power generation represented the largest segment.
One of the main drivers for the significant product adoption in the power generation sector is the increasing focus on renewable energy integration. By utilizing excess renewable energy during periods of high generation, electrolyzers can convert and store it as hydrogen. This stored hydrogen can then be used as a flexible and clean energy source for power generation when renewable energy supply is low or intermittent. They enable the coupling of renewable energy sources with hydrogen production, thereby contributing to a more sustainable and reliable power generation system. Additionally, They offer a potential solution for the long-term storage of renewable energy. As renewable energy sources are subject to fluctuations and seasonal variations, electrolyzers can store the surplus energy during periods of high production and convert it into hydrogen, which can be stored for an extended period. This stored hydrogen can then be utilized during times of high demand or low renewable energy availability, ensuring a stable and continuous power supply.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Europe exhibits a clear dominance, accounting for the largest electrolyzer market share
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa.
Europe is continually making efforts to encourage renewable energy adoption and decarbonization. The region aims to reduce greenhouse gas emissions and transition to cleaner energy sources. This focus on sustainability has created a favorable environment for the development and deployment of electrolyzers, which are essential for renewable energy integration and hydrogen production. Several countries in this region have implemented supportive policies, such as feed-in tariffs, subsidies, and carbon pricing mechanisms, to incentivize the adoption of technologies and promote the growth of the hydrogen economy.
Moreover, Europe has a well-developed infrastructure and market for hydrogen. The region has made significant investments in hydrogen refueling stations, hydrogen-powered transportation, and hydrogen utilization in industrial processes. This existing infrastructure provides a solid foundation for the expansion of electrolyzer installations and the wider adoption of hydrogen as an energy carrier.
Top companies in the market are investing in research and development activities to improve technologies, enhance efficiency, increase durability, and reduce costs. R&D efforts focus on developing advanced materials, catalysts, and membrane technologies to optimize performance and address key challenges in the industry. They are continually developing and commercializing new models with improved features and capabilities. This includes developing products with higher production capacities, better integration with renewable energy sources, enhanced control systems, and improved safety features. The aim is to meet the evolving demands of various industries and applications. Apart from this, these major players are also forming partnerships and collaborations with other industry players, research institutions, and energy companies to leverage expertise, share knowledge, and accelerate technology development. Collaborations enable companies to access new markets, jointly conduct research projects, and facilitate the integration of products into broader hydrogen value chains.
Air Liquide S.A.
Air Products and Chemicals Inc.
Asahi Kasei Corporation
Cummins Inc.
ITM Power plc
Linde plc
McPhy Energy S.A.
Nel ASA
Plug Power Inc.
Siemens AG
Titanium Tantalum Products Limited
Toshiba Corporation
In 2022, Siemens AG secured an order from European Energy, a Danish developer and operator of green energy projects, for the delivery of an electrolyzer plant. The company is developing a large-scale commercial production facility of e-methanol, wherein the hydrogen will be provided by the 50 mega-watt (MW) plant by Siemens Energy. This is a crucial moment in the green transition as these companies aim to move forward with the decarbonization of the shipping industry.
Cummins Inc. announced the launch of Accelera by Cummins, a new brand for its New Power business unit, in 2023. It is expected to provide a diverse portfolio of zero-emissions solutions while empowering customers to accelerate their transition to a sustainable future. This will assist the company in achieving industry-wide decarbonization across diverse applications.
Air Liquide S.A. and Siemens AG formed a joint venture in 2022 for the European production of large-scale renewable hydrogen electrolyzers. Both the companies have agreed to offer R&D capacities to the co-development of next generation technologies within the framework of the partnership.