According to a new market research report published by Global Insight Services “ Hydrogen Electrolyzer Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A hydrogen electrolyzer is a device that uses electrolysis to produce hydrogen gas. Electrolysis is a process that uses an electric current to split water molecules into hydrogen and oxygen atoms. Hydrogen electrolyzers are used in a variety of applications, including fuel cells, chemical production, and water treatment.
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Top Key Players in Hydrogen Electrolyzer market: Nel Hydrogen, Siemens AG, McPhy Energy, ITM Power Plc, Gaztransport & Technigaz, GreenHydrogen Systems, iGas Energy GmbH, Next Hydrogen.
Key Trends
Increased Efficiency: Newer electrolyzers are able to operate at up to 80% efficiency, compared to the 60-70% efficiency of older models. This improved efficiency means that more hydrogen can be produced from a given amount of electrical energy.
Key Drivers
The key drivers of the hydrogen electrolyzer market are the growing demand for clean energy, the declining cost of electrolyzers, and the increasing government support for hydrogen fuel cell technology.The demand for clean energy is increasing as the world becomes more aware of the impact of greenhouse gas emissions on the environment. Hydrogen is a clean energy source that can be used to power fuel cells, which produce no emissions.
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Market Segments
The Hydrogen Electrolyzer Market is segmented by type, capacity, end-user and region. By type, the market is classified into proton exchange membrane (PEM) electrolyzer, alkaline electrolyzer, anion exchange membrane (AEM) electrolyzer, and solid oxide electrolyzer. By capacity, the market is bifurcated into below 500 kW, 500 kW – 2 mW, and above 2 mW. By end-user, the market is divided into ammonia, methanol, refining/ hydrocarbon, transport, and others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and rest of the World.
Reasons to buy Hydrogen Electrolyzer Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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