Vendor Insights
Hydrogen Electrolyzers Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Asahi Kasei Corp.
- Cockerill JingLi Hydrogen
- Gaztransport and Technigaz SA
- Kobe Steel Ltd.
- McPhy Energy SA
- Nel ASA
- Shandong Saikesaisi Hydrogen Energy Co., Ltd.
- SwissHydrogen SA
- Teledyne Technologies Inc.
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Geographical Market Analysis
North America will account for 37% of the market's growth. In North America, hydrogen electrolyzers are primarily sold in the United States and Canada. However, the market in North America will grow at a slower pace than the industry in other areas.
Favorable government efforts and incentives, as well as innovations relevant to the generation of clean hydrogen, will aid the expansion of the hydrogen electrolyzers market in North America.
Furthermore, countries such as the US, Germany, Sweden, Canada, and Japan are expected to emerge as prominent markets for Hydrogen Electrolyzers Market during the forecast period.
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Key Segment Analysis
During the projected period, the alkaline segment's market share of hydrogen electrolyzers will expand significantly. PEM hydrogen electrolyzers are substantially more expensive than alkaline hydrogen electrolyzers. As a result, this sort of electrolyzer is commonly used for producing clean hydrogen on-site. As a result of benefits such as reduced prices and better production capacity as compared to PEM hydrogen electrolyzers, the alkaline hydrogen electrolyzer market is expected to grow at a steady rate over the projected period.
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Key Market Drivers & Challenges:
Several organizations are continuing to replace fossil fuels such as coal or natural gas with renewables due to the advantages of hydrogen generation with zero emissions, which has emerged as a major driving factor for market growth. However, market expansion will be hampered by factors such as competition from other hydrogen generation technologies and high cost of hydrogen production utilizing electrolyzers.
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Hydrogen Electrolyzers Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 6.40% |
Market growth 2021-2025 |
$ 87.36 million |
Market structure |
Fragmented |
YoY growth (%) |
8.97 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Germany, Sweden, Canada, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Asahi Kasei Corp., Cockerill JingLi Hydrogen, Cummins Inc., Enapter Srl, Frames Energy Systems BV, Gaztransport and Technigaz SA, Giner Inc., Hitachi Zosen Corp., Idroenergy Spa, ITM Power Plc, John Cockerill (CMI S.A.), Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Siemens AG, SwissHydrogen SA, Teledyne Technologies Inc., TianJin Mainland Hydrogen Equipment Co. Ltd., and Yangzhou Zhongdian hydrogen production equipment Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Electrolyzer Type
- Market segments
- Comparison by Electrolyzer Type
- Alkaline - Market size and forecast 2020-2025
- PEM - Market size and forecast 2020-2025
- Market opportunity by Electrolyzer Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Asahi Kasei Corp.
- Cockerill JingLi Hydrogen
- Gaztransport and Technigaz SA
- Kobe Steel Ltd.
- McPhy Energy SA
- Nel ASA
- SwissHydrogen SA
- Teledyne Technologies Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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