Asia Pacific Electrolyzers Market Size, Share & Trends Analysis Report By Capacity, By Technology, By Application, By Country and Growth Forecast, 2023

List of Tables

The Asia Pacific Electrolyzers Market would witness market growth of 55.7% CAGR during the forecast period (2023-2030).

The transportation sector is transforming profoundly, with hydrogen emerging as a promising alternative to conventional fuels. Fuel cell vehicles (FCVs) powered by hydrogen are gaining traction, offering a zero-emission solution for personal and commercial transportation. These devices play a crucial role in producing the hydrogen to fuel these vehicles, providing a sustainable and scalable solution for the transportation industry.

Furthermore, fuel cell vehicles are increasingly being recognized and adopted as a sustainable and practical means of transportation. These vehicles generate electricity from hydrogen gas via a chemical reaction in the fuel cell; water vapor and heat are the only byproducts. FCVs offer several advantages over traditional vehicles, including zero-emission operation, reduced dependence on finite fossil fuel resources, and potentially shorter refueling times than battery electric vehicles.

As per the data from the State Council of China, the nation possessed a cumulative installed renewable energy capacity of 1.06 billion kilowatts by the conclusion of 2021, constituting 44.8 percent of the overall installed power generation capacity. China produced 2.48 trillion kWh of electricity from renewable sources in 2021, representing 29.8 percent of the nation's overall electricity usage. Furthermore, as per the Government of India, the nation is committed to attaining energy independence by 2047 and a Net Zero energy consumption status by 2070. India's energy transition is predicated on expanding renewable energy use in all sectors of the economy to reach this objective. Hence, rising green hydrogen initiatives and the renewable energy sector in the Asia Pacific will propel the demand for these devices in the region.

The China market dominated the Asia Pacific Electrolyzers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,665.1 million by 2030. The Japan market is registering a CAGR of 54.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 56.6% during (2023 - 2030).

Based on Capacity, the market is segmented into 500 kW to 2 MW, Less than 500 kW, and Above 2 MW. Based on Technology, the market is segmented into Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide (SOE) Electrolyzer, and Anion Exchange Membrane (AEM) Electrolyzer. Based on Application, the market is segmented into Power Generation, Industry Feedstock, Transportation, Building Heat & Power, Industry Energy, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

List of Key Companies Profiled

Asahi Kasei Corporation
John Cockerill S.A.
Nel ASA
Plug Power, Inc.
Siemens AG
Enapter AG (BluGreen Company Limited)
Cummins, Inc.
ITM Power PLC
McPhy Energy S.A.
Topsoe A/S

Asia Pacific Electrolyzers Market Report Segmentation

By Capacity

500 kW to 2 MW
Less than 500 kW
Above 2 MW

By Technology

Alkaline Electrolyzer
Proton Exchange Membrane Electrolyzer
Solid Oxide (SOE) Electrolyzer
Anion Exchange Membrane (AEM) Electrolyzer

By Application

Power Generation
Industry Feedstock
Transportation
Building Heat & Power
Industry Energy
Others

By Country

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Asia Pacific Electrolyzers Market, by Capacity
- 1.4.2 Asia Pacific Electrolyzers Market, by Technology
- 1.4.3 Asia Pacific Electrolyzers Market, by Application
- 1.4.4 Asia Pacific Electrolyzers Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

Chapter 3. Market Overview

3.1 Introduction
- 3.1.1 Overview
  - 3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global

4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis

Chapter 5. Asia Pacific Electrolyzers Market by Capacity

5.1 Asia Pacific 500 kW to 2 MW Market by Country
5.2 Asia Pacific Less than 500 kW Market by Country
5.3 Asia Pacific Above 2 MW Market by Country

Chapter 6. Asia Pacific Electrolyzers Market by Technology

6.1 Asia Pacific Alkaline Electrolyzer Market by Country
6.2 Asia Pacific Proton Exchange Membrane Electrolyzer Market by Country
6.3 Asia Pacific Solid Oxide (SOE) Electrolyzer Market by Country
6.4 Asia Pacific Anion Exchange Membrane (AEM) Electrolyzer Market by Country

Chapter 7. Asia Pacific Electrolyzers Market by Application

7.1 Asia Pacific Power Generation Market by Country
7.2 Asia Pacific Industry Feedstock Market by Country
7.3 Asia Pacific Transportation Market by Country
7.4 Asia Pacific Building Heat & Power Market by Country
7.5 Asia Pacific Industry Energy Market by Country
7.6 Asia Pacific Others Market by Country

Chapter 8. Asia Pacific Electrolyzers Market by Country

8.1 China Electrolyzers Market
- 8.1.1 China Electrolyzers Market by Capacity
- 8.1.2 China Electrolyzers Market by Technology
- 8.1.3 China Electrolyzers Market by Application
8.2 Japan Electrolyzers Market
- 8.2.1 Japan Electrolyzers Market by Capacity
- 8.2.2 Japan Electrolyzers Market by Technology
- 8.2.3 Japan Electrolyzers Market by Application
8.3 India Electrolyzers Market
- 8.3.1 India Electrolyzers Market by Capacity
- 8.3.2 India Electrolyzers Market by Technology
- 8.3.3 India Electrolyzers Market by Application
8.4 South Korea Electrolyzers Market
- 8.4.1 South Korea Electrolyzers Market by Capacity
- 8.4.2 South Korea Electrolyzers Market by Technology
- 8.4.3 South Korea Electrolyzers Market by Application
8.5 Singapore Electrolyzers Market
- 8.5.1 Singapore Electrolyzers Market by Capacity
- 8.5.2 Singapore Electrolyzers Market by Technology
- 8.5.3 Singapore Electrolyzers Market by Application
8.6 Malaysia Electrolyzers Market
- 8.6.1 Malaysia Electrolyzers Market by Capacity
- 8.6.2 Malaysia Electrolyzers Market by Technology
- 8.6.3 Malaysia Electrolyzers Market by Application
8.7 Rest of Asia Pacific Electrolyzers Market
- 8.7.1 Rest of Asia Pacific Electrolyzers Market by Capacity
- 8.7.2 Rest of Asia Pacific Electrolyzers Market by Technology
- 8.7.3 Rest of Asia Pacific Electrolyzers Market by Application

Chapter 9. Company Profiles

9.1 John Cockerill S.A.
- 9.1.1 Company Overview
- 9.1.2 Recent strategies and developments:
  - 9.1.2.1 Partnerships, Collaborations, and Agreements:
  - 9.1.2.2 Geographical Expansions:
- 9.1.3 SWOT Analysis
9.2 ITM Power PLC
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
  - 9.2.5.1 Partnerships, Collaborations, and Agreements:
  - 9.2.5.2 Product Launches and Product Expansions:
  - 9.2.5.3 Geographical Expansions:
- 9.2.6 SWOT Analysis
9.3 McPhy Energy S.A.
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Regional Analysis
- 9.3.4 Recent strategies and developments:
  - 9.3.4.1 Partnerships, Collaborations, and Agreements:
9.4 Topsoe A/S
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expenses
9.5 Asahi Kasei Corporation
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
  - 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.6 SWOT Analysis
9.6 Plug Power, Inc.
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
  - 9.6.5.1 Partnerships, Collaborations, and Agreements:
  - 9.6.5.2 Acquisition and Mergers:
9.7 Cummins, Inc.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Regional & Segmental Analysis
- 9.7.4 Research & Development Expenses
- 9.7.5 Recent strategies and developments:
  - 9.7.5.1 Acquisition and Mergers:
  - 9.7.5.2 Geographical Expansions:
- 9.7.6 SWOT Analysis
9.8 Siemens AG
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Segmental and Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 SWOT Analysis

LIST OF TABLES

TABLE 1 Asia Pacific Electrolyzers Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Electrolyzers Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 5 Asia Pacific 500 kW to 2 MW Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific 500 kW to 2 MW Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Less than 500 kW Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Less than 500 kW Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Above 2 MW Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Above 2 MW Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Alkaline Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Alkaline Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Proton Exchange Membrane Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Proton Exchange Membrane Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Solid Oxide (SOE) Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Solid Oxide (SOE) Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Anion Exchange Membrane (AEM) Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Anion Exchange Membrane (AEM) Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Power Generation Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Power Generation Market by Country, 2023 - 2030, USD Million
TABLE 25 Asia Pacific Industry Feedstock Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Industry Feedstock Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Transportation Market by Country, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Transportation Market by Country, 2023 - 2030, USD Million
TABLE 29 Asia Pacific Building Heat & Power Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Building Heat & Power Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Industry Energy Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Industry Energy Market by Country, 2023 - 2030, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Electrolyzers Market by Country, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Electrolyzers Market by Country, 2023 - 2030, USD Million
TABLE 37 China Electrolyzers Market, 2019 - 2022, USD Million
TABLE 38 China Electrolyzers Market, 2023 - 2030, USD Million
TABLE 39 China Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 40 China Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 41 China Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 42 China Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 43 China Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 44 China Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 45 Japan Electrolyzers Market, 2019 - 2022, USD Million
TABLE 46 Japan Electrolyzers Market, 2023 - 2030, USD Million
TABLE 47 Japan Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 48 Japan Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 49 Japan Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 50 Japan Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 51 Japan Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 52 Japan Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 53 India Electrolyzers Market, 2019 - 2022, USD Million
TABLE 54 India Electrolyzers Market, 2023 - 2030, USD Million
TABLE 55 India Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 56 India Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 57 India Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 58 India Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 59 India Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 60 India Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 61 South Korea Electrolyzers Market, 2019 - 2022, USD Million
TABLE 62 South Korea Electrolyzers Market, 2023 - 2030, USD Million
TABLE 63 South Korea Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 64 South Korea Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 65 South Korea Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 66 South Korea Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 67 South Korea Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 68 South Korea Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 69 Singapore Electrolyzers Market, 2019 - 2022, USD Million
TABLE 70 Singapore Electrolyzers Market, 2023 - 2030, USD Million
TABLE 71 Singapore Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 72 Singapore Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 73 Singapore Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 74 Singapore Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 75 Singapore Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 76 Singapore Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 77 Malaysia Electrolyzers Market, 2019 - 2022, USD Million
TABLE 78 Malaysia Electrolyzers Market, 2023 - 2030, USD Million
TABLE 79 Malaysia Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 80 Malaysia Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 81 Malaysia Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 82 Malaysia Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 83 Malaysia Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 84 Malaysia Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of Asia Pacific Electrolyzers Market, 2019 - 2022, USD Million
TABLE 86 Rest of Asia Pacific Electrolyzers Market, 2023 - 2030, USD Million
TABLE 87 Rest of Asia Pacific Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 88 Rest of Asia Pacific Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 89 Rest of Asia Pacific Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 90 Rest of Asia Pacific Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 91 Rest of Asia Pacific Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of Asia Pacific Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 93 Key Information - John Cockerill S.A.
TABLE 94 Key Information - ITM Power PLC
TABLE 95 Key Information - McPhy Energy S.A.
TABLE 96 Key Information - Topsoe A/S
TABLE 97 Key Information - Asahi Kasei Corporation
TABLE 98 Key Information - Plug Power, Inc.
TABLE 99 Key information - Cummins, Inc.
TABLE 100 Key Information - Siemens AG

Asia Pacific Electrolyzers Market Size, Share & Trends Analysis Report By Capacity, By Technology, By Application, By Country and Growth Forecast, 2023 - 2030

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