Water Electrolysis Machines: Introduction

  • The process of breaking down oxygen from renewable sources and water into hydrogen is called electrolysis. A water electrolysis machine is used to produce hydrogen.
  • Water electrolysis machines are used in various applications in many industries such as petroleum, chemicals, refineries, glass, automobile, metals & mining, and pharmaceuticals. Water electrolysis machines are primarily used in applications where reliable, accurate, and exact splitting is required.
  • Water electrolysis machines are of three types: proton exchange membrane (PEM), alkaline water electrolysis, and solid oxide electrolyte (SOE).
  • The global water electrolysis machine market is anticipated to expand at a rapid pace during the forecast period, due to increased demand for water electrolysis from various industries such as petroleum, chemicals, and power generation.
water electrolysis machine market

Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report

Global Water Electrolysis Machine Market: Dynamics

Key Drivers of the Global Water Electrolysis Machine Market

  • Rise in demand for carbon-free source of energy is expected to drive the demand for water electrolysis machines worldwide in the next few years.
  • Furthermore, increasing demand for water electrolysis machines in chemical, pharmaceutical, and petroleum sectors is estimated to drive the market during the forecast period.
  • Growth of the chemical sector across the world and rapid adoption of water electrolysis machines in this sector to separate two different components by chemical reaction is another factor estimated to boost the global water electrolysis machine market during the forecast period.

High Cost of Water Electrolysis Machines to Hamper the Global Market

  • High cost of water electrolysis machines is anticipated to adversely impact their demand during the forecast period.
  • Availability of substitute products in a few underdeveloped regions is also projected to hamper the global market during the forecast period.
water electrolysis machine market 1

Expanding operations in future? To get the perfect launch ask for a custom report

North America to Hold Major Share of the Global Water Electrolysis Machine Market

  • In terms of region, the global water electrolysis machine market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • North America dominated the global water electrolysis machine market in 2018 due to presence of well-established, technologically advanced manufacturers and increasing adoption of water electrolysis machines. The U.S. is a key market in North America due to extensive development of hydrogen through water electrolysis in the country. Hydrogen and fuel cells in North America provide a cleaner environment and energy security to the people. The U.S. has developed some standards to confirm that hydrogen and fuel cell products are safe and environment friendly. Hydrogen-powered bus and hydrogen-powered forklifts in retail stores are available in the U.S.
  • Europe is anticipated to hold the second largest share of the global water electrolysis machine market during the forecast period. The water electrolysis machine market in Asia Pacific is projected to expand at a rapid pace between 2019 and 2027. This can be attributed to growth of chemical industries in the region.
water electrolysis machine market 2

Global Water Electrolysis Machine Market: Competition Landscape

Key Players Operating in the Global Water Electrolysis Machine Market

Several local, regional, and international players manufacture water electrolysis machines. Hence, the market is rather fragmented; intensity of competition is also high among players. Rapid technological advancements have led to threat of substitution in the global water electrolysis machine market. Manufacturers of water electrolysis machines are focusing on the production of water electrolysis machines that comply with international testing standards. For instance, PCE Deutschland GmbH designs water electrolysis machines in compliance with international testing standards such as ISO 3688 and ISO 2470.

Key players operating in the global water electrolysis machine market are:

  • ThyssenKrupp AG
  • Linde AG
  • Air Products and Chemicals, Inc.
  • Siemens AG
  • ProtonOnsite
  • Teledyne Energy Systems Inc.
  • AREVA H2Gen
  • Hydrogenics Corporation
  • ErreDue s.p.a.
  • Peak Scientific

Global Water Electrolysis Machine Market: Research Scope

Global Water Electrolysis Machine Market, by Product Type

  • Proton Exchange Membrane (PEM)
  • Alkaline Water Electrolysis
  • Solid Oxide Electrolyte (SOE)

Global Water Electrolysis Machine Market, by Industry

  • Chemical
  • Petroleum
  • Pharmaceuticals
  • Power Plants
  • Electronics & Semiconductors
  • Other Industries
  • Steel Plant
  • Others

Global Water Electrolysis Machine Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Water Electrolysis Machine Market

Pre Book