Key Market Dynamics:
- Market Driver
- Market Challenges
Integration of renewable energy sources with hydrogen electrolyzers is one of the main factors influencing the market growth for these devices. Electricity is used in hydrogen electrolyzers to produce oxygen and hydrogen from water. An electrochemical reaction separates oxygen and hydrogen, and it is a very dependable process with output efficiencies of more than 99.999 percent.
Many businesses continue to switch from fossil fuels like coal or natural gas to renewable energy since it produces hydrogen with no emissions, which has become a key factor in the market's expansion. However, factors such as the high cost of hydrogen production using electrolyzers will challenge market growth.
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The hydrogen electrolyzers market report is segmented by
- Electrolyzer type - Alkaline and PEM
- Alkaline will significantly increase its market share in hydrogen electrolyzers within the anticipated time frame. Pricewise, alkaline hydrogen electrolyzers are significantly less expensive than PEM electrolyzers.
- The major advantage of alkaline hydrogen electrolyzers is that they enable greater MW range stacks, therefore resulting in higher capacity, together with a stable operating environment for the hydrogen electrolyzers.
- Geography - North America, Europe, APAC, MEA, and South America
- North America will account for 37% of market growth. The two biggest markets in North America for hydrogen electrolyzers are the US and Canada. The market in this region will expand more slowly than markets in other regions.
- The expansion of the hydrogen electrolyzers market in North America will be aided by favorable government efforts, incentives, and advances related to the production of clean hydrogen over the projected period.
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segments, and regional opportunities in the report.
Major Hydrogen Electrolyzers Market Vendors
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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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 6.4% |
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, Gaztransport, and Technigaz SA, Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., SwissHydrogen SA, Teledyne Technologies Inc., 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, and Market condition analysis for the 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. |
Browse for Technavio "Industrials" Research Reports
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Electrical components and equipment
3 Market Sizing
- 3.1 Market Definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces analysis
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Electrolyzer Type
- 5.1 Market segments
- Exhibit 15: Electrolyzer Type - Market share 2020-2025 (%)
- 5.2 Comparison by Electrolyzer Type
- Exhibit 16: Comparison by Electrolyzer Type
- 5.3 Alkaline - Market size and forecast 2020-2025
- Exhibit 17: Alkaline - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Alkaline - Year-over-year growth 2020-2025 (%)
- 5.4 PEM - Market size and forecast 2020-2025
- Exhibit 19: PEM - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: PEM - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Electrolyzer Type
- Exhibit 21: Market opportunity by Electrolyzer Type
6 Customer landscape
- 6.1 Customer landscape
- Exhibit 22: Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 38: Vendor landscape
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Asahi Kasei Corp.
- Exhibit 43: Asahi Kasei Corp. - Overview
- Exhibit 44: Asahi Kasei Corp. - Business segments
- Exhibit 45: Asahi Kasei Group - Key news
- Exhibit 46: Asahi Kasei Corp. - Key offerings
- Exhibit 47: Asahi Kasei Corp. - Segment focus
- 10.4 Cockerill JingLi Hydrogen
- Exhibit 48: Cockerill JingLi Hydrogen - Overview
- Exhibit 49: Cockerill JingLi Hydrogen - Product and service
- Exhibit 50: Cockerill JingLi Hydrogen - Key offerings
- 10.5 Gaztransport and Technigaz SA
- Exhibit 51: Gaztransport and Technigaz SA - Overview
- Exhibit 52: Gaztransport and Technigaz SA - Business segments
- Exhibit 53: Gaztransport and Technigaz SA- Key news
- Exhibit 54: Gaztransport and Technigaz SA - Key offerings
- Exhibit 55: Gaztransport and Technigaz SA - Segment focus
- 10.6 Kobe Steel Ltd.
- Exhibit 56: Kobe Steel Ltd. - Overview
- Exhibit 57: Kobe Steel Ltd. - Business segments
- Exhibit 58: Kobe Steel Ltd. - Key offerings
- Exhibit 59: Kobe Steel Ltd. - Segment focus
- 10.7 McPhy Energy SA
- Exhibit 60: McPhy Energy SA - Overview
- Exhibit 61: McPhy Energy SA - Business segments
- Exhibit 62: McPhy Energy SA - Key news
- Exhibit 63: McPhy Energy SA - Key offerings
- Exhibit 64: McPhy Energy SA - Segment focus
- 10.8 Nel ASA
- Exhibit 65: Nel ASA - Overview
- Exhibit 66: Nel ASA - Business segments
- Exhibit 67: Nel ASA - Key offerings
- Exhibit 68: Nel ASA - Segment focus
- 10.9 Shandong Saikesaisi Hydrogen Energy Co., Ltd.
- Exhibit 69: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Overview
- Exhibit 70: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Product and service
- Exhibit 71: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Key offerings
- 10.10 SwissHydrogen SA
- Exhibit 72: SwissHydrogen SA - Overview
- Exhibit 73: SwissHydrogen SA - Product and service
- Exhibit 74: SwissHydrogen SA - Key offerings
- 10.11 Teledyne Technologies Inc.
- Exhibit 75: Teledyne Technologies Inc. - Overview
- Exhibit 76: Teledyne Technologies Inc. - Business segments
- Exhibit 77: Teledyne Technologies Inc.- Key news
- Exhibit 78: Teledyne Technologies Inc. - Key offerings
- Exhibit 79: Teledyne Technologies Inc. - Segment focus
- 10.12 Yangzhou Zhongdian hydrogen production equipment Co. Ltd.
- Exhibit 80: Yangzhou Zhongdian hydrogen production equipment Co. Ltd. - Overview
- Exhibit 81: Yangzhou Zhongdian hydrogen production equipment Co. Ltd. - Product and service
- Exhibit 82: Yangzhou Zhongdian hydrogen production equipment Co. Ltd. - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 83: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 84: Research Methodology
- Exhibit 85: Validation techniques employed for market sizing
- Exhibit 86: Information sources
- 11.4 List of abbreviations
- Exhibit 87: List of abbreviations
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