The MENA hydrogen electrolyzer market was valued at US$ 35.24 million in 2021 and it is anticipated to grow up to US$ 6,491.98 million by 2040, at a CAGR of 30.08% during the forecast period.
A hydrogen electrolyzer is an apparatus that produces hydrogen through a chemical process (electrolysis) capable of separating the hydrogen and oxygen molecules of which water is composed using electricity. Through electrolysis, the hydrogen electrolyzer system creates hydrogen gas. The oxygen left over is released into the atmosphere or can be captured or stored to supply other industrial processes or even medical gases in some cases. The hydrogen gas can either be stored as a compressed gas or liquefied since hydrogen is an energy carrier and can be used to power any hydrogen fuel cell electric end user, such as trains, buses, and trucks.
In general, an electrolyzer contains a cathode (negative charge), an anode (positive charge), and a membrane. The system also contains pumps, vents, storage tanks, a power supply, a separator, and other components. Water electrolysis is an electrochemical reaction that takes place within the cell stacks. Electricity is applied to the anode and cathode across the membrane and causes the water to split into its component molecules, hydrogen and oxygen. Hydrogen produced in this sustainable way, without emitting carbon dioxide into the atmosphere, can be the basis for a decarbonized economy.
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The automotive and transportation sector is experiencing high technological advancement due to various attempts that governments make to reduce carbon emissions from vehicles. For instance, in December 2019, Volkswagen announced plans to reduce the average emissions of its new vehicles by 30% by 2025 and aim to be carbon neutral by 2050. Due to technological advancement in the automotive sector, innovative hydrogen fuel stations are rapidly developing across the MENA region. For instance, in August 2021, according to the article published by the Petrol Plaza, PowerTap Hydrogen Fueling Corp. planned to deploy a minimum of 100 hydrogen fueling stations with multiple Middle Eastern governments and private and public multinational corporations over the next two years, subject to completing the manufacturing of a prototype dispensing unit and successful testing. Additionally, with only two hydrogen fueling stations across the UAE, PowerTap targets to develop a hydrogen highway utilizing many of the country’s 643 fueling stations. Further, hydrogen fuel cell vehicles use a propulsion system similar to that of electric vehicles, where energy stored as hydrogen is converted to electricity by the fuel cell. Unlike conventional internal combustion engine vehicles, these hydrogen fuel cell vehicles produce no harmful tailpipe emissions. Thus, it helps increase the demand for hydrogen in fuel cell-based vehicles across the MENA region. Therefore, increasing demand for vehicles operated with the help of hydrogen fuel cells has proved to be a major driving force for the market. The dependency on traditional fuels has reduced comparatively, which has proved to be a major growth factor for the market. People are switching to fuel cell vehicles instead of gasoline-based machines, which is helping the market record a considerable revenue over time.
Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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MENA Hydrogen Electrolyzer Market Segmental Overview
The report analyses the MENA hydrogen electrolyzer market based on type, capacity, end-use, and country.
MENA Hydrogen Electrolyzer Market by Type
Based on type, the MENA hydrogen electrolyzer market is segmented into proton exchange membrane (PEM) electrolyzer, alkaline electrolyzer, and solid oxide electrolyzer. The alkaline electrolyzer segment is anticipated to account for largest market share in 2021, and proton exchange membrane (PEM) electrolyzer segment is expected to be the fastest-growing segment during the forecast period. Alkaline electrolyzers are significantly less expensive than PEM electrolyzers. As a result, this type of electrolyzer is commonly used for on-site hydrogen production. The main benefit of alkaline electrolyzers is that they can sustain greater megawatt (MW) range stacks, resulting in increased capacity and a more stable working environment for hydrogen electrolyzers. Demand for these systems is rapidly increasing due to their longer durability. It is extensively used in many industrial applications, such as electronics & photovoltaics of plastics, power-producing plants, and steel manufacturing units.
MENA Hydrogen Electrolyzer Market by Capacity
On the basis of capacity, the MENA hydrogen electrolyzer market is segmented into below 500 kW, 500 kW – 2 MW, and above 2 MW. The below 500 kW segment is anticipated to account for the largest market share in 2021, and above 2 MW segment is expected to be the fastest-growing segment during the forecast period. Hydrogen electrolyzers having a capacity below 500 kW are typically utilized in places with low demand for power and in small buildings, plants, and industrial facilities. Moreover, hydrogen electrolyzers range in size from small (below 500 kW) appliance-size equipment that is well-suited for small-scale distributed hydrogen production. Most announced projects range below 500 kW in size and are close to industrial sites and ports. These small projects limit the production of green hydrogen. Further, in November 2021, according to the article published by the African Business, Egypt which intends to reach 42% of renewable share in its energy mix by 2035 has signed a few Memorandum of Understanding with the Egyptian Electricity Holding Company (EEHC) to jointly develop a pilot project, compromising 100 to 200 MW of electrolyser capacity.
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MENA Hydrogen Electrolyzer Market by End-Use
Based on end-use, the MENA hydrogen electrolyzer market is segmented into ammonia, methanol, refining/hydrocarbon, transport, and others. The ammonia segment is anticipated to account for largest market share in 2021, and transport segment is expected to be the fastest-growing segment during the forecast period. Ammonia, a compound made of nitrogen and hydrogen, is extensively used in the chemical sector. Currently, most of the hydrogen feedstock for ammonia is mainly natural gas-based which the renewable-based electrolysis process can replace to form green ammonia.
Major Players in the MENA Hydrogen Electrolyzer Market
The key players studied in the MENA hydrogen electrolyzer market are Nel Hydrogen, John Cockerill, Plug Power, Cavendish Renewable Technology, Siemens Energy (Siemens AG), Air Liquide, thyssenkrupp nucera, Asahi Kasei, Cummins (Hydrogenics), and Linde plc.
Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
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