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Global Hydrogen Electrolyser Market: By Type: Polymer Electrolyte Membrane (PEM) Electrolyser, Alkaline Water Electrolyser, Solid Oxide Electrolyser; By End Use: Chemicals, Automobile, Energy, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Hydrogen Electrolyser Market Outlook

The global hydrogen electrolyser market is expected to grow at a CAGR of 7.2% in the forecast period of 2020-2025 to reach a value of approximately USD 346 million by 2025.

 

Increasing Demand for Hydrogen Electrolysers from Various End Use Sectors to Boost the Industry Growth

The wide applications of hydrogen across various industries, ranging from chemicals to food and beverages is aiding the industry. The development of clean energy systems and their increasing adoption across various end-use sectors is driving the industry growth. Moreover, in geographies where hydrogen transportation from long distances is not feasible, or the cost of hydrogen production from natural gas is comparatively higher, end-users are increasingly adopting small scale electrolysers for on-site hydrogen generation. On-site generation of hydrogen provides benefits like overall reduction in transportation costs, reduced carbon dioxide emissions during transportation, and reduction in storage cost, thus, providing various environmental and economic advantages.

Currently, North America and Europe occupy significant shares in the global market for hydrogen electrolyser. The growing demand for energy and the presence of stringent environmental regulations in these regions are supporting the growth of the market. The United States, along with other countries in western Europe, is witnessing a robust adoption of these electrolysers. Meanwhile, the Asia Pacific is expected to witness a healthy growth over the forecast period due to the rising environmental concern and the growing utilisation of hydrogen across various end-use industries, such as glass, pharmaceuticals and biotechnology, electronics, and metal fabrication, among others.

 

Hydrogen Electrolyser: Industry Definition and Segmentation

Electrolysis is the process in which electricity is utilised to disintegrate water into hydrogen and oxygen. This process is carried out in a unit called an electrolyser. Electrolysers are available in various sizes, ranging from small, appliance-size equipment to large-scale, central production facilities for hydrogen production that could be connected directly to renewable or other non-greenhouse-gas-emitting forms of electricity production. Electrolysis is seen as a promising option for hydrogen production from renewable resources.

Based on type, the market is divided into:

  • Polymer Electrolyte Membrane (PEM) Electrolyser
  • Alkaline Water Electrolyser
  • Solid Oxide Electrolyser

Based on end use, the industry can be segmented into:

  • Chemicals
  • Automobile
  • Energy
  • Food and Beverages
  • Pharmaceutical and Biotechnology
  • Electronics
  • Glass
  • Metal
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Environmental Concern and Growing R&D Activities to Bolster the Hydrogen Electrolyser Industry Growth

The rising environmental concern and the growing need to adopt sustainable approach are driving the demand for hydrogen electrolysers globally. Hydrogen production through the process of electrolysis can provide opportunities for synergy with variable power generation, which is characteristic of some renewable energy technologies. Therefore, the growing focus to reduce the dependence on non-renewable resources and the increasing installation of renewable energy technologies are aiding the industry. Further, the growing investments by the key players to enhance the efficiency of electrolysers will further propel the industry growth. The key areas of R&D include increasing the efficiency and operating life of the electrolyser system as a whole, reducing costs (especially material costs), and deploying pressurised systems to prevent the need for subsequent compression of the H2 produced. Thus, the rapid technological advancements and growing R&D activities are expected to boost the demand for hydrogen electrolysers over the forecast period.

 

Key Industry Players in the Global Hydrogen Electrolyser Market

The report gives a detailed analysis of the following key players in the global hydrogen electrolyser market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Enapter S.r.l.
  • MVS Engineering Pvt. Ltd
  • Pure Energy Centre
  • Hydrogenics Corporation
  • ITM Power plc
  • McPhy Energy S.A
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hydrogen Electrolyser Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hydrogen Electrolyser Historical Market (2015-2019) 
    8.3    Global Hydrogen Electrolyser Market Forecast (2020-2025)
    8.4    Global Hydrogen Electrolyser Market by Type
        8.4.1    Polymer Electrolyte Membrane (PEM) Electrolyser
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Alkaline Water Electrolyser
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Solid Oxide Electrolyser
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
    8.5    Global Hydrogen Electrolyser Market by End Use
        8.5.1    Chemicals
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Automobile
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Energy
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Food and Beverages
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Pharmaceutical and Biotechnology
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Electronics
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Glass
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2015-2019)
            8.5.7.3    Forecast Trend (2020-2025)
        8.5.8    Metal
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2015-2019)
            8.5.8.3    Forecast Trend (2020-2025)
        8.5.9    Others
    8.6    Global Hydrogen Electrolyser Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Enapter S.r.l.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    MVS Engineering Pvt. Ltd
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Pure Energy Centre
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Hydrogenics Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    ITM Power plc
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    McPhy Energy S.A
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments
    
List of Figures and Tables

1.    Global Hydrogen Electrolyser Market: Key Industry Highlights, 2015 and 2025
2.    Global Hydrogen Electrolyser Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Hydrogen Electrolyser Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Hydrogen Electrolyser Historical Market: Breakup by End Use (USD Billion), 2015-2019
5.    Global Hydrogen Electrolyser Market Forecast: Breakup by End Use (USD Billion), 2020-2025
6.    Global Hydrogen Electrolyser Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Hydrogen Electrolyser Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Hydrogen Electrolyser Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Hydrogen Electrolyser Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Europe Hydrogen Electrolyser Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Europe Hydrogen Electrolyser Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Hydrogen Electrolyser Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Hydrogen Electrolyser Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Hydrogen Electrolyser Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Hydrogen Electrolyser Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Hydrogen Electrolyser Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Hydrogen Electrolyser Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Hydrogen Electrolyser Market Structure

Key Questions Answered in the Report

The global hydrogen electrolyser market is projected to grow at a CAGR of 7.2% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 346 million by 2025.

The major drivers of the industry, such as rising disposable incomes, increasing population, growing adoption of clean energy systems, stringent environmental regulations, rising demand for energy, growing environmental concern, increasing utilisation of hydrogen, and the rising installation of renewable energy technologies, are expected to aid the market growth.

The key market trends guiding the growth of the market include the rising focus on reducing the dependence on non-renewable resources, rising R&D activities, and rapid technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading types of hydrogen electrolyser in the market are polymer electrolyte membrane (PEM) electrolyser, alkaline water electrolyser, and solid oxide electrolyser.

The major end use sectors in the industry are chemicals, automobile, energy, food and beverages, pharmaceutical and biotechnology, electronics, glass, and metal, among others.

The major players in the industry are Enapter S.r.l., MVS Engineering Pvt. Ltd, Pure Energy Centre, Hydrogenics Corporation, ITM Power plc, and McPhy Energy S.A, among others.

Analyst Review

The global hydrogen electrolyser market is being driven by the rising utilisation of hydrogen. Aided by the rapid technological advancements, the market is expected to witness a healthy growth in the forecast period of 2020-2025, growing at a CAGR of 7.2%. The market is projected to reach USD 346 million by 2025.

EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market is segmented into polymer electrolyte membrane (PEM) electrolyser, alkaline water electrolyser, and solid oxide electrolyser. On the basis of end-use, the market is divided into chemicals, automobile, energy, food and beverages, pharmaceutical and biotechnology, electronics, glass, and metal, among others. The major regional markets for hydrogen electrolyser are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Enapter S.r.l., MVS Engineering Pvt. Ltd, Pure Energy Centre, Hydrogenics Corporation, ITM Power plc, and McPhy Energy S.A, among others.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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