Europe, US & China Electrolyser Market Research Report Forecast to 2032

The Europe, US & China Electrolyzer market is expected to grow at a CAGR of 20.15% over the forecast duration of 2023-2030. An electrolyzer is a gadget that parts water or different substances into their part components by means of electrolysis utilizing power. Electrolysis is a substance cycle in which a material separates into its constituent parts when an electric flow moves through it. With regards to water electrolysis, an electrolyzer parts water particles into hydrogen and oxygen gases utilizing an electric flow. Either compacted gas or melted gas can be utilized to store hydrogen. Either the delivered oxygen is gotten back to the environment, or filling other modern operations is gotten and put away.

The quickly expanding interest for hydrogen power devices in the ongoing auto market has assisted the organizations with recording a significant income over the period. The usage of clean energy has turned into a new pattern which is predicted to increment soon and subsequently arises as a significant development factor for the market. The rising interest for better electric vehicles which can cover a more extended scope of distance will assist the market with creating a significant return over the period. The dynamic help given by the public authority to the key market players for the presentation of clean energy into the public plays had a significant influence to support the economy of Europe, US and China electrolyzer market by and large.

Market Segmentation

The Europe, US & China Electrolyser Market segmentation, based on this Product Type, the Europe, US & China electrolyzer market has been classified into Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM).

Based on the components, the Europe, US & China electrolyzer market has been classified into Bipolar Plates, Stacks, and others.

Based on the End Use, the Europe, US & China electrolyzer market has been classified into Chemical/Refining Industry, Electronics, Energy, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and others.

Regional Insights

Country-wise Europe, US and China electrolyzer market has been isolated into Germany, France, Spain, Italy, UK, US, and China. China held the biggest market share in 2022 because of the great accessibility of unrefined substances, fast industrialization, and commercialization in the district, particularly with the development of the purchaser merchandise and auto industry. The Europe, US and China vehicle makers' significant mechanical consumptions in the improvement of power module electric vehicles are supposed to push the hydrogen energy component market. It is guessed that most top automakers would have presented energy component electric vehicles nearby by 2023, exhibiting the commonsense utilization of this innovation. A few automakers, including Hyundai, Toyota, Honda, Daimler, and BMW, have started dealing with energy unit electric vehicles (FCEVs) that utilization hydrogen power devices. These energy units produce intensity and water fume, making them a totally zero-outflow train innovation. Potential open doors for hydrogen power modules have been opened by this, which additionally creates.

Major Players

Key Companies in the Europe, US & China Electrolyser Market includes Siemens, H-Tec Systems Gmbh, Enapter, Hystar, Plug Power Inc, Cummins Inc, Dana Limited, Elringklinger Ag, and Others.

Product Code: MRFR/E&P/14536-CR

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 13

1.1 MARKET ATTRACTIVENESS ANALYSIS 15
- 1.1.1 EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE 16
- 1.1.2 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENTS 17
- 1.1.3 EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE 18
- 1.1.4 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS 27

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28
4.2 DRIVERS 29
- 4.2.1 INCREASING DEMAND FOR FUEL CELL-BASED VEHICLES 29
- 4.2.2 DEVELOPMENT OF GREEN HYDROGEN PRODUCTION TECHNOLOGIES 30
4.3 RESTRAINTS 31
- 4.3.1 INCREASING COST OF ELECTRICITY 31
4.4 OPPORTUNITIES 32
- 4.4.1 RISING GOVERNMENT REGULATIONS AND INITIATIVES TO REDUCE CARBON FOOTPRINT 32
4.5 IMPACT ANALYSIS OF COVID-19 33
- 4.5.1 IMPACT ON ELECTROLYZER MARKET IN EUROPE 33

5 MARKET FACTOR ANALYSIS 35

5.1 SUPPLY CHAIN ANALYSIS 35
- 5.1.1 RAW MATERIAL SUPPLIERS 36
- 5.1.2 ELECTROLYZER MANUFACTURES 36
- 5.1.3 DISTRIBUTION & SALES CHANNEL 36
- 5.1.4 END USERS 36
  - 5.1.4.1 LIST OF POTENTIAL END-USERS 37
5.2 PORTER'S FIVE FORCES MODEL 38
- 5.2.1 THREAT OF NEW ENTRANTS 38
- 5.2.2 BARGAINING POWER OF SUPPLIERS 38
- 5.2.3 THREAT OF SUBSTITUTES 39
- 5.2.4 BARGAINING POWER OF BUYERS 39
- 5.2.5 INTENSITY OF RIVALRY 39
5.3 TECHNOLOGICAL ADVANCEMENT 39

6 EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE 41

6.1 OVERVIEW 41
- 6.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 41
6.2 PROTON EXCHANGE MEMBRANE (PEM) ELECTROLYZER 42
6.3 ALKALINE ELECTROLYZER 42
6.4 SOLID OXIDE ELECTROLYZER 42
6.5 ANION EXCHANGE MEMBRANE (AEM) ELECTROLYZER 42

7 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT 43

7.1 OVERVIEW 43
- 7.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY COMPONENT, 2019-2030 43
7.2 BIPOLAR PLATES 44
7.3 STACKS 44
7.4 OTHERS 44

8 EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE 45

8.1 OVERVIEW 45
- 8.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY END-USE, 2019-2030 45
8.2 CHEMICAL/REFINING INDUSTRY 46
8.3 ELECTRONICS 46
8.4 ENERGY 46
8.5 TRANSPORT 46
8.6 METAL PRODUCTION & FABRICATION 46
8.7 PHARMA & BIOTECH 47
8.8 FOOD & BEVERAGES 47
8.9 OTHER 47

9 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY 48

9.1 OVERVIEW 48
9.2 GERMANY 49
9.3 FRANCE 50
9.4 SPAIN 51
9.5 ITALY 52
9.6 UK 53
9.7 US 54
9.8 CHINA 55

10 COMPETITIVE LANDSCAPE 56

10.1 MARKET INTRODUCTION 56
10.2 COMPETITION DASHBOARD 56
10.3 COMPETITIVE BENCHMARKING 57
10.4 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN EUROPE, US & CHINA ELECTROLYZERS MARKET 58
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 58
- 10.5.1 SUSTAINBILITY 58
- 10.5.2 ANNOUNCEMENT 59
- 10.5.3 PRODUCT LAUNCH 59
- 10.5.4 COLLABORATION 59
- 10.5.5 PRODUCT DEVELOPMENT 60

11 COMPANY PROFILES 61

11.1 SIEMENS (EUROPE) 61
- 11.1.1 COMPANY OVERVIEW 61
- 11.1.2 FINANCIAL OVERVIEW 62
- 11.1.3 PRODUCTS OFFERED 62
- 11.1.4 KEY DEVELOPMENTS 62
- 11.1.5 SWOT ANALYSIS 63
- 11.1.6 KEY STRATEGIES 63
11.2 H-TEC SYSTEMS GMBH (EUROPE) 64
- 11.2.1 COMPANY OVERVIEW 64
- 11.2.2 FINANCIAL OVERVIEW 64
- 11.2.3 PRODUCTS OFFERED 64
- 11.2.4 KEY DEVELOPMENTS 64
- 11.2.5 SWOT ANALYSIS 65
- 11.2.6 KEY STRATEGIES 65
11.3 ENAPTER (EUROPE) 66
- 11.3.1 COMPANY OVERVIEW 66
- 11.3.2 FINANCIAL OVERVIEW 67
- 11.3.3 PRODUCTS OFFERED 67
- 11.3.4 KEY DEVELOPMENTS 68
- 11.3.5 SWOT ANALYSIS 68
- 11.3.6 KEY STRATEGIES 68
11.4 HYSTAR (EUROPE) 69
- 11.4.1 COMPANY OVERVIEW 69
- 11.4.2 FINANCIAL OVERVIEW 69
- 11.4.3 PRODUCTS OFFERED 69
- 11.4.4 KEY DEVELOPMENTS 69
- 11.4.5 SWOT ANALYSIS 70
- 11.4.6 KEY STRATEGIES 70
11.5 PLUG POWER INC. (NA) 71
- 11.5.1 COMPANY OVERVIEW 71
- 11.5.2 FINANCIAL OVERVIEW 71
- 11.5.3 PRODUCTS OFFERED 71
- 11.5.4 KEY DEVELOPMENTS 71
- 11.5.5 SWOT ANALYSIS 72
- 11.5.6 KEY STRATEGIES 72
11.6 CUMMINS INC (NA) 73
- 11.6.1 COMPANY OVERVIEW 73
- 11.6.2 FINANCIAL OVERVIEW 74
- 11.6.3 PRODUCTS OFFERED 75
- 11.6.4 KEY DEVELOPMENTS 75
- 11.6.5 SWOT ANALYSIS 76
- 11.6.6 KEY STRATEGIES 76
11.7 DANA LIMITED (NA) 77
- 11.7.1 COMPANY OVERVIEW 77
- 11.7.2 FINANCIAL OVERVIEW 78
- 11.7.3 PRODUCTS OFFERED 78
- 11.7.4 KEY DEVELOPMENTS 79
- 11.7.5 SWOT ANALYSIS 79
- 11.7.6 KEY STRATEGIES 79
11.8 ELRINGKLINGER AG (EUROPE) 80
- 11.8.1 COMPANY OVERVIEW 80
- 11.8.2 FINANCIAL OVERVIEW 81
- 11.8.3 PRODUCTS OFFERED 81
- 11.8.4 KEY DEVELOPMENTS 82
- 11.8.5 SWOT ANALYSIS 82
- 11.8.6 KEY STRATEGIES 82

12 APPENDIX 83

12.1 REFERENCES 83
12.2 RELATED REPORTS 84