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市場調查報告書
商品編碼
1390867

2023-2028 年電解槽市場報告（按產品、產能、應用和地區）

Electrolyzer Market Report by Product, Capacity, Application, and Region 2023-2028
出版日期: | 出版商: IMARC | 英文 147 Pages | 商品交期: 2-3個工作天內

價格

概要

2022年全球電解槽市場規模達4.617億美元。展望未來， IMARC Group預計到2028年市場規模將達到7.963億美元，2022-2028年複合年成長率（CAGR）為9.51%。政府推出的眾多促進再生能源的舉措、各行業對氫的需求不斷成長、對永續發展的加強關注以及技術的不斷進步是推動市場的一些主要因素。

電解槽是一種利用稱為電解的電化學過程將水或其他化合物分解為其組成元素的裝置。它由電解質溶液和兩個電極組成，通常由金屬或金屬氧化物等導電材料製成。當電流通過電解質時，會在電極上引發化學反應。它們在氫氣的生產中發揮著至關重要的作用，氫氣被認為是一種清潔且多功能的能源載體。透過利用再生電力，它們可以生產綠色氫，這在燃料電池、能源儲存、運輸和工業過程等應用中具有巨大潛力。

再生能源的整合是市場的重要促進因素。再生能源，例如太陽能和風能，呈現間歇性發電模式。電解槽提供了一種解決方案，可在發電高峰期透過水電解將多餘的再生能源轉化為氫氣。這個過程可以實現能量儲存和電網平衡，有效解決再生能源的間歇性挑戰。此外，人們對利用氫作為交通、暖氣和發電燃料的興趣日益濃厚，這為市場創造了積極的前景。此外，鋼鐵生產、氨生產和合成燃料等各種應用正在探索氫的整合以減少碳排放，這推動了市場的成長。技術的不斷進步進一步促進了全球市場的擴張。

電解槽市場趨勢/促進因素：

有利的政府措施和政策

政府多項利好措施和政策的實施對市場產生重大影響。世界各國都在積極推動再生能源的採用和脫碳策略，電解槽在其中扮演至關重要的角色。各國政府正在實施補貼、贈款、稅收優惠和優惠法規等支援政策，以加速電解槽的部署和氫氣的生產。這些措施旨在刺激對電解技術的投資，鼓勵研究和開發，並創造有利的市場環境。強而有力的政府支持為投資者和利害關係人提供了穩定性和信心，促進了市場的成長。

對氫的需求不斷成長

對氫的需求不斷成長是推動市場的另一個關鍵因素。氫作為一種清潔且多功能的能源載體而受到關注，具有使交通、工業和發電等各部門脫碳的潛力。它們對於生產氫氣，尤其是使用再生能源透過電解產生的綠色氫氣至關重要。作為燃料電池的燃料、工業製程的原料和再生能源的儲存介質，對氫的需求不斷成長，為製造商創造了巨大的市場機會。人們對氫作為永續能源解決方案的興趣日益濃厚，正在推動技術投資並促進市場擴張。

技術進步和成本降低

技術進步和成本降低是市場成長的主要動力。多年來，技術取得了重大進步，提高了效率、可擴展性和耐用性。研究和開發工作的重點是增強催化劑材料、薄膜技術、電極設計和系統整合。這些進步帶來了更高的效能、更長的系統壽命和更少的維護要求。隨著系統成本不斷下降，它們在經濟上變得更加可行，並且對更廣泛的應用和行業更具吸引力。持續的技術進步和降低成本的努力正在增強市場競爭力，從而擴大全球市場。

電解槽產業細分：

IMARC Group提供了全球電解槽市場報告各細分市場主要趨勢的分析，以及 2023-2028 年全球、區域和國家層面的預測。我們的報告根據產品、產能和應用對市場進行了分類。

按產品分類：

鹼性電解槽

質子交換膜電解槽

固態氧化物電解槽

鹼性電解槽代表最大的細分市場

該報告根據產品提供了詳細的市場細分和分析。這包括鹼性電解槽、質子交換膜電解槽和固體氧化物電解槽。根據該報告，鹼性電解槽佔據了最大的佔有率。

與其他類型相比，鹼性電解槽相對具有成本效益。這使得它們成為主要關注以較低成本生產氫氣的應用的有吸引力的選擇。鹼性變體的成本優勢源於在電極結構中使用豐富且廉價的材料，例如鎳基催化劑。它們還具有很高的效率水平，這有助於它們的受歡迎。它們可以實現高電流密度，從而提高單位尺寸的氫氣生產率。這種效率使它們適合氫氣需求量高的應用，例如工業製程和大規模能源儲存。此外，它們增強的可靠性和耐用性也有助於提高其使用率。其穩健的設計和更簡單的操作使它們不易出現性能問題並且更易於維護。

按容量分類：

小於500千瓦

500千瓦至2兆瓦

2兆瓦以上

500kW至2MW佔據大部分市場佔有率

該報告根據產能對市場進行了詳細的細分和分析。這包括 500 kW 以下、500 kW 至 2 MW 以及 2 MW 以上。根據該報告，500 kW 至 2 MW 是最大的細分市場。

500 kW 至 2 MW 範圍內的電解槽被認為適合廣泛的應用，包括工業製程、能源儲存和加氫站的氫氣生產。它們具有強大的容量，可以滿足各個行業對氫氣的需求，同時在安裝空間、操作要求和成本方面保持可控。此外，此容量範圍非常符合新興氫經濟的需求。隨著氫氣需求持續成長，特別是在旨在減少碳排放和向清潔能源過渡的行業中，500 kW 至 2 MW 範圍內的產品提供了可行的解決方案。它們可以滿足中型氫氣生產需求，並有助於擴大氫氣基礎設施。

按應用分類：

發電

運輸

工業能源

工業原料

建築熱力發電

其他

發電是最大的市場領域

該報告根據應用程式提供了詳細的市場細分和分析。這包括發電、交通、工業能源、工業原料、建築​​熱電等。報告稱，發電是最大的部分。

發電產業大量採用產品的主要驅動力之一是對再生能源整合的日益關注。透過在發電高峰期利用多餘的再生能源，電解槽可以將其轉化為氫氣並將其儲存。當再生能源供應不足或間歇時，這些儲存的氫氣可以用作靈活且清潔的發電能源。它們能夠將再生能源與氫氣生產結合起來，有助於建立更永續和可靠的發電系統。此外，它們也為再生能源的長期儲存提供了潛在的解決方案。由於再生能源會受到波動和季節變化的影響，電解槽可以在高產量期間儲存多餘的能量，並將其轉化為氫氣，從而可以長期儲存。然後可以在高需求或再生能源可用性低的時期利用儲存的氫氣，確保穩定和持續的電力供應。

按地區分類：

北美洲

美國

加拿大

亞太

中國

日本

印度

韓國

澳洲

印尼

其他

歐洲

德國

法國

英國

義大利

西班牙

俄羅斯

其他

拉丁美洲

巴西

墨西哥

其他

中東和非洲

歐洲表現出明顯的主導地位，佔據最大的電解槽市場佔有率

該報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。

歐洲正在不斷努力鼓勵再生能源的採用和脫碳。該地區的目標是減少溫室氣體排放並轉向清潔能源。對永續性的關注為電解槽的開發和部署創造了有利的環境，這對於再生能源整合和氫氣生產至關重要。該地區的一些國家已經實施了上網電價補貼、補貼和碳定價機制等支持性政策，以激勵技術的採用並促進氫經濟的成長。

此外，歐洲擁有發達的氫基礎設施和市場。該地區在加氫站、氫動力交通和工業過程中的氫氣利用方面進行了大量投資。現有的基礎設施為電解槽裝置的擴展和更廣泛地採用氫作為能源載體提供了堅實的基礎。

競爭格局：

市場上的頂尖公司正在投資研發活動，以改善技術、提高效率、提高耐用性並降低成本。研發工作重點是開發先進材料、催化劑和薄膜技術，以最佳化性能並應對產業的關鍵挑戰。他們不斷開發具有改進特性和功能的新模型並將其商業化。這包括開發具有更高生產能力的產品、更好地與再生能源整合、增強的控制系統和改進的安全功能。目的是滿足各個行業和應用不斷變化的需求。除此之外，這些主要參與者還與其他行業參與者、研究機構和能源公司建立夥伴關係和合作，以利用專業知識、共享知識並加速技術開發。合作使公司能夠進入新市場，共同開展研究項目，並促進產品融入更廣泛的氫價值鏈。

該報告對市場競爭格局進行了全面分析。也提供了所有主要公司的詳細資料。市場上的一些主要參與者包括：

液化空氣公司

空氣化工產品公司

旭化成株式會社

康明斯公司

ITM電力公司

林德公司

麥克菲能源公司

內爾·阿薩

插頭電源公司

西門子公司

鈦鉭製品有限公司

東芝公司

最近的發展：

2022 年，西門子股份公司獲得了丹麥綠色能源專案開發商和營運商歐洲能源公司的訂單，交付電解槽工廠。該公司正在開發大型電子甲醇商業生產設施，其中氫氣將由西門子能源公司的 50 兆瓦 (MW) 工廠提供。這是綠色轉型的關鍵時刻，因為這些公司的目標是推動航運業的脫碳。

康明斯公司宣佈於 2023 年推出康明斯新動力業務部門的新品牌 Accelera by Cummins。預計品牌將提供多樣化的零排放解決方案組合，同時幫助客戶加速向永續未來的過渡。這將有助於該公司在不同的應用領域實現全產業脫碳。

液化空氣集團和西門子股份公司於 2022 年成立了一家合資企業，在歐洲生產大型再生氫電解槽。兩家公司均同意在合作夥伴關係框架內提供研發能力，共同開發下一代技術。

本報告回答的關鍵問題：

  • 迄今為止，全球電解槽市場表現如何，未來幾年將如何表現？
  • 全球電解槽市場的促進因素、限制因素和機會是什麼？
  • 每個促進因素、限制因素和機會對全球電解槽市場有何影響？
  • 主要區域市場有哪些？
  • 哪些國家代表了最具吸引力的電解槽市場？
  • 基於產品的市場區隔是什麼？
  • 電解槽市場上最具吸引力的產品是什麼？
  • 依產能分類的市場是怎麼樣的？
  • 電解槽市場哪項產能最具吸引力？
  • 基於應用程式的市場區隔是什麼？
  • 電解槽市場哪項應用最具吸引力？
  • 全球電解槽市場競爭格局如何？
  • 全球電解槽市場的主要參與者/公司有哪些？

本報告回答的關鍵問題：

  • 迄今為止，全球電解槽市場表現如何，未來幾年將如何表現？
  • 全球電解槽市場的促進因素、限制因素和機會是什麼？
  • 每個促進因素、限制因素和機會對全球電解槽市場有何影響？
  • 主要區域市場有哪些？
  • 哪些國家代表了最具吸引力的電解槽市場？
  • 基於產品的市場區隔是什麼？
  • 電解槽市場上最具吸引力的產品是什麼？
  • 依產能分類的市場是怎麼樣的？
  • 電解槽市場哪項產能最具吸引力？
  • 基於應用程式的市場區隔是什麼？
  • 電解槽市場哪項應用最具吸引力？
  • 全球電解槽市場競爭格局如何？
  • 全球電解槽市場的主要參與者/公司有哪些？

目錄

第 1 章：前言

第 2 章：範圍與方法

  • 研究目的
  • 利害關係人
  • 資料來源
    • 主要資源
    • 二手資料
  • 市場預測
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球電解槽市場

  • 市場概況
  • 市場業績
  • COVID-19 的影響
  • 市場預測

第 6 章：按產品分類的市場區隔

  • 鹼性電解槽
    • 市場走向
    • 市場預測
  • 質子交換膜電解槽
    • 市場走向
    • 市場預測
  • 固態氧化物電解槽
    • 市場走向
    • 市場預測

第 7 章：按容量分類的市場細分

  • 小於500千瓦
    • 市場走向
    • 市場預測
  • 500千瓦至2兆瓦
    • 市場走向
    • 市場預測
  • 2兆瓦以上
    • 市場走向
    • 市場預測

第 8 章：按應用分類的市場區隔

  • 發電
    • 市場走向
    • 市場預測
  • 運輸
    • 市場走向
    • 市場預測
  • 工業能源
    • 市場走向
    • 市場預測
  • 工業原料
    • 市場走向
    • 市場預測
  • 建築熱力發電
    • 市場走向
    • 市場預測
  • 其他
    • 市場走向
    • 市場預測

第 9 章：按地區分類的市場區隔

  • 北美洲
    • 美國
      • 市場走向
      • 市場預測
    • 加拿大
      • 市場走向
      • 市場預測
  • 亞太
    • 中國
      • 市場走向
      • 市場預測
    • 日本
      • 市場走向
      • 市場預測
    • 印度
      • 市場走向
      • 市場預測
    • 韓國
      • 市場走向
      • 市場預測
    • 澳洲
      • 市場走向
      • 市場預測
    • 印尼
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 歐洲
    • 德國
      • 市場走向
      • 市場預測
    • 法國
      • 市場走向
      • 市場預測
    • 英國
      • 市場走向
      • 市場預測
    • 義大利
      • 市場走向
      • 市場預測
    • 西班牙
      • 市場走向
      • 市場預測
    • 俄羅斯
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 拉丁美洲
    • 巴西
      • 市場走向
      • 市場預測
    • 墨西哥
      • 市場走向
      • 市場預測
    • 其他
      • 市場走向
      • 市場預測
  • 中東和非洲
    • 市場走向
    • 按國家/地區分類的市場細分
    • 市場預測

第 10 章：SWOT 分析

  • 概述
  • 優勢
  • 弱點
  • 機會
  • 威脅

第 11 章：價值鏈分析

第 12 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 13 章：價格分析

第14章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • Air Liquide SA
    • Air Products and Chemicals Inc.
    • Asahi Kasei Corporation
    • Cummins Inc.
    • ITM Power plc
    • Linde plc
    • McPhy Energy SA
    • Nel ASA
    • Plug Power Inc.
    • Siemens AG
    • Titanium Tantalum Products Limited
    • Toshiba Corporation
Product Code: SR112023A4752

Abstract

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.

Electrolyzer Market Trends/Drivers:

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.

Electrolyzer Industry Segmentation:

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.

Breakup by Product:

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.

Breakup by Capacity:

Less than 500 kW

500 kW to 2 MW

Above 2 MW

500 kW to 2 MW accounts for the majority of the market share

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.

Breakup by Application:

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.

Breakup by Region:

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.

Competitive Landscape:

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.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

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

Recent Developments:

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.

Key Questions Answered in This Report:

  • How has the global electrolyzer market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global electrolyzer market?
  • What is the impact of each driver, restraint, and opportunity on the global electrolyzer market?
  • What are the key regional markets?
  • Which countries represent the most attractive electrolyzer market?
  • What is the breakup of the market based on the product?
  • Which is the most attractive product in the electrolyzer market?
  • What is the breakup of the market based on the capacity?
  • Which is the most attractive capacity in the electrolyzer market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the electrolyzer market?
  • What is the competitive structure of the global electrolyzer market?
  • Who are the key players/companies in the global electrolyzer market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Electrolyzer Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Product

  • 6.1 Alkaline Electrolyzer
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 PEM Electrolyzer
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Solid Oxide Electrolyzer
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Capacity

  • 7.1 Less than 500 kW
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 500 kW to 2 MW
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Above 2 MW
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Power Generation
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Transportation
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Industry Energy
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Industry Feedstock
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Building Heat and Power
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia-Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Air Liquide S.A.
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Air Products and Chemicals Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Asahi Kasei Corporation
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Cummins Inc.
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 ITM Power plc
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Linde plc
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
    • 14.3.7 McPhy Energy S.A.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
    • 14.3.8 Nel ASA
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
    • 14.3.9 Plug Power Inc.
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
    • 14.3.10 Siemens AG
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
      • 14.3.10.4 SWOT Analysis
    • 14.3.11 Titanium Tantalum Products Limited
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
    • 14.3.12 Toshiba Corporation
      • 14.3.12.1 Company Overview
      • 14.3.12.2 Product Portfolio
      • 14.3.12.3 Financials
      • 14.3.12.4 SWOT Analysis

List of Figures

  • Figure 1: Global: Electrolyzer Market: Major Drivers and Challenges
  • Figure 2: Global: Electrolyzer Market: Sales Value (in Million US$), 2017-2022
  • Figure 3: Global: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 4: Global: Electrolyzer Market: Breakup by Product (in %), 2022
  • Figure 5: Global: Electrolyzer Market: Breakup by Capacity (in %), 2022
  • Figure 6: Global: Electrolyzer Market: Breakup by Application (in %), 2022
  • Figure 7: Global: Electrolyzer Market: Breakup by Region (in %), 2022
  • Figure 8: Global: Electrolyzer (Alkaline Electrolyzer) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 9: Global: Electrolyzer (Alkaline Electrolyzer) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 10: Global: Electrolyzer (PEM Electrolyzer) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 11: Global: Electrolyzer (PEM Electrolyzer) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 12: Global: Electrolyzer (Solid Oxide Electrolyzer) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 13: Global: Electrolyzer (Solid Oxide Electrolyzer) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 14: Global: Electrolyzer (Less than 500 kW) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 15: Global: Electrolyzer (Less than 500 kW) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 16: Global: Electrolyzer (500 kW to 2 MW) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 17: Global: Electrolyzer (500 kW to 2 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 18: Global: Electrolyzer (Above 2 MW) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 19: Global: Electrolyzer (Above 2 MW) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 20: Global: Electrolyzer (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 21: Global: Electrolyzer (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 22: Global: Electrolyzer (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 23: Global: Electrolyzer (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 24: Global: Electrolyzer (Industry Energy) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 25: Global: Electrolyzer (Industry Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 26: Global: Electrolyzer (Industry Feedstock) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 27: Global: Electrolyzer (Industry Feedstock) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 28: Global: Electrolyzer (Building Heat and Power) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 29: Global: Electrolyzer (Building Heat and Power) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 30: Global: Electrolyzer (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 31: Global: Electrolyzer (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 32: North America: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 33: North America: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 34: United States: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 35: United States: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 36: Canada: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 37: Canada: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 38: Asia-Pacific: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 39: Asia-Pacific: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 40: China: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 41: China: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 42: Japan: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 43: Japan: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 44: India: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 45: India: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 46: South Korea: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 47: South Korea: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 48: Australia: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 49: Australia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 50: Indonesia: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 51: Indonesia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 52: Others: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 53: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 54: Europe: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 55: Europe: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 56: Germany: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 57: Germany: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 58: France: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 59: France: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 60: United Kingdom: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 61: United Kingdom: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 62: Italy: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 63: Italy: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 64: Spain: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 65: Spain: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 66: Russia: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 67: Russia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 68: Others: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 69: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 70: Latin America: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 71: Latin America: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 72: Brazil: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 73: Brazil: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 74: Mexico: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 75: Mexico: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 76: Others: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 77: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 78: Middle East and Africa: Electrolyzer Market: Sales Value (in Million US$), 2017 & 2022
  • Figure 79: Middle East and Africa: Electrolyzer Market: Breakup by Country (in %), 2022
  • Figure 80: Middle East and Africa: Electrolyzer Market Forecast: Sales Value (in Million US$), 2023-2028
  • Figure 81: Global: Electrolyzer Industry: SWOT Analysis
  • Figure 82: Global: Electrolyzer Industry: Value Chain Analysis
  • Figure 83: Global: Electrolyzer Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Electrolyzer Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Electrolyzer Market Forecast: Breakup by Product (in Million US$), 2023-2028
  • Table 3: Global: Electrolyzer Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
  • Table 4: Global: Electrolyzer Market Forecast: Breakup by Application (in Million US$), 2023-2028
  • Table 5: Global: Electrolyzer Market Forecast: Breakup by Region (in Million US$), 2023-2028
  • Table 6: Global: Electrolyzer Market: Competitive Structure
  • Table 7: Global: Electrolyzer Market: Key Players