Hydrogen Electrolyzers Market size to grow by USD 87.36 million | Market Research Insights highlights the integration of renewables with hydrogen electrolyzers as Key Driver

Seller Insights

The global Hydrogen Electrolyzer market is segmented and the vendors are deploying several organic and inorganic growth strategies to compete in the market.

The increasing competition in the market forces the sellers to adopt various growth strategies such as promotional activities and advertising spending to improve the visibility of their services. Some sellers are also adopting inorganic growth strategies like M&A to stay competitive in the market.

The report analyzes the competitive landscape of the market and provides information on several market vendors, including:

  • Asahi Kasei Corp.
  • Cockerel Jingli hydrogen
  • Gaztransport and Technigaz SA
  • Kobe Steel Ltd.
  • McPhy Energy SA
  • in ASA
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • SwissHydrogen SA
  • Teledyne Technologies Inc.

Find out more highlights about vendor growth strategies and their product offerings, Read a free sample report.

Geographical market analysis

North America It will provide maximum growth opportunities in the Hydrogen Electrolyzer market during the forecast period. According to our research report, the region will contribute 37% of the global market growth and is expected to dominate the market until 2025. North America will achieve growth across all years of the forecast period between 2020 and 2025. – Annual growth will be 8.97 during this period.

United State And Canada They were the market leaders in the hydrogen electrolyzer market in North America, while the use of hydrogen electrolyzer remains low in other countries in the region. Government efforts and incentives are the main drivers of market expansion in United State. United State It was a major market for FCEV, fuel cell electric buses, and material handling vehicles in the transportation industry. Fuel cells help the country achieve its environmental goals while providing flexibility in the electricity sector at the state and municipal levels.

Furthermore, the restoration of the Federal Investment Tax Credit (ITC) for stationary fuel cell systems, along with statewide incentives and regulations, is encouraging growth of the stationary fuel cell industry in the United States. countries like the United States, GermanyAnd SwedenAnd Canada, And Japan They are expected to emerge as prominent markets for hydrogen electrolyzer during the forecast period.

Learn more about the geographical distribution of this market along with detailed analysis of the top regions. https://www.technavio.com/report/hydrogen-electrolyzers-market-industry-analysis

Major Sector Analysis

During the forecast period, the market share of PEM segment of hydrogen electrolyzer will expand significantly. PEM hydrogen electrolyzer, like alkaline hydrogen electrolyzer, generates hydrogen using low-temperature dipole electrolysis. Hydrogen can operate at high differential pressures across the membrane, making it ideal for wide-ranging applications in the energy and industrial sectors. The PEM hydrogen electrolyzer also provides excellent gas purity, a critical component driving sector growth. As a result of these advantages, the demand for PEM hydrogen electrolyzer is rapidly increasing in a variety of industries around the world.

Free sample offer: To learn more highlights and key points about different market segments and their impact in the coming years.

Market Drivers and Key Challenges:

One of the key factors driving the rise in hydrogen electrolyzer market share is Integration of renewable energy sources with hydrogen electrolyzer. Many companies prefer to replace fossil fuels with renewable energy because of the minimal emissions from the hydrogen generation process while employing them in diverse applications across multiple sectors. The growing trend of combining hydrogen electrolyzers with renewable energy sources has led to an increase in the consumption of clean hydrogen.

Another important component driving the hydrogen electrolyzer market is the growing prevalence of fuel cell vehicles. Due to their efficient power generation capacity, environmentally sustainable technologies such as fuel cells are developing as a suitable alternative fuel for the transportation sector. Compared to conventional batteries, such as lead-acid batteries, which take a long time to recharge and contain less energy with each charge, fuel cells provide faster recharging.

Download Free Sample To highlight market drivers and challenges affecting the Hydrogen Electrolyzer market.

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Hydrogen Electrolyzer Market Scope

Report coverage

details

page number

120

base year

2020

prediction period

2021-2025

Growth Momentum and CAGR

Slowing at a compound annual growth rate of 6.40%

Market Growth 2021-2025

$87.36 million

Market Structure, Market Structure

fragmented

Annual Growth (%)

8.97

Regional Analysis

North America, Europe, Asia Pacific, Middle East, Africa and South America

Market share performance

North America with 37%

Main consuming countries

The United States, Germany, Sweden, Canada, and Japan

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Asahi Kasei Corp. and Cockerill JingLi Hydrogen, Gaztransport, Technigaz SA and Kobe Steel Ltd. and McPhy Energy SA, Nel ASA, and Shandong Saikesaisi Hydrogen Energy Co., Ltd. and SwissHydrogen SA and Teledyne Technologies Inc.

market dynamics

Key market analysis, market growth triggers and obstacles, Analysis of fast-growing and slow-growing segments, Impact of COVID-19 and future consumer dynamics, Market status analysis for the forecast period,

field of personalization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

about us:

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions within changing market scenarios. .

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