Europe, US & China Electrolyzer Market Research Report Forecast to 2030

The Europe, US & China Electrolyzer market is expected to grow at a CAGR of 20.15% over the forecast duration of 2023-2030. The Europe, US & China Electrolyzer market was valued at USD 1,260.4 million in 2022 and is expected to reach USD 5,122.7 million by 2030.

The rapidly increasing demand for hydrogen fuel cells in the current automobile market has helped the companies to record a considerable revenue over the period. The utilization of clean energy has become a recent trend which is foreseen to increase soon and hence emerges as a major growth factor for the market.

The increasing demand for better electric vehicles which can cover a longer range of distance will help the market to produce a considerable return over the period. The active support provided by the government to the key market players for the introduction of clean energy into the society has played a major role to boost the economy of electrolyzer market to a great extent.

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 application, 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.

Country-wise Europe, US & China electrolyzer market has been divided into Germany, France, Spain, Italy, UK, US, and China. China held the largest market share of 21.19% in 2022 due to the high availability of raw materials, rapid industrialization, and commercialization in the region, especially with the growth of the consumer goods and automotive industry.

Major Players

The key market players are Siemens, H-Tec Systems Gmbh, Enapter, Hystar, Plug Power Inc, Cummins Inc, Dana Limited, and Elringklinger AG.

1EXECUTIVE SUMMARY

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

2MARKET INTRODUCTION

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

3RESEARCH METHODOLOGY

3.1RESEARCH PROCESS
3.2PRIMARY RESEARCH
3.3SECONDARY RESEARCH
3.4MARKET SIZE ESTIMATION
3.5FORECAST MODEL
3.6LIST OF ASSUMPTIONS

4MARKET DYNAMICS

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

5MARKET FACTOR ANALYSIS

5.1SUPPLY CHAIN ANALYSIS OF ELECTROLYZERS
- 5.1.1RAW MATERIAL SUPPLIERS
- 5.1.2ELECTROLYZER MANUFACTURES
- 5.1.3DISTRIBUTION & SALES CHANNEL
- 5.1.4END USERS
  - 5.1.4.1LIST OF POTENTIAL END-USERS
5.2SUPPLY CHAIN ANALYSIS OF STACKS
- 5.2.1RAW MATERIAL PROCUREMENT
- 5.2.2MANUFACTURING & ASSEMBLY
- 5.2.3DISTRIBUTION & SALES CHANNEL
- 5.2.4END USERS
5.3PORTER'S FIVE FORCES MODEL
- 5.3.1THREAT OF NEW ENTRANTS
- 5.3.2BARGAINING POWER OF SUPPLIERS
- 5.3.3THREAT OF SUBSTITUTES
- 5.3.4BARGAINING POWER OF BUYERS
- 5.3.5INTENSITY OF RIVALRY
5.4TECHNOLOGICAL ADVANCEMENT
5.5PRICING ANALYSIS OF BIPOLAR PLATES OF PEM ELECTROLYZERS

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

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

7EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT

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

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

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

9EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY

9.1OVERVIEW
9.2GERMANY
9.3FRANCE
9.4SPAIN
9.5ITALY
9.6UK
9.7US
9.8CHINA

10COMPETITIVE LANDSCAPE

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

11COMPANY PROFILES

11.1SIEMENS (EUROPE)
- 11.1.1COMPANY OVERVIEW
- 11.1.2FINANCIAL OVERVIEW
- 11.1.3PRODUCTS OFFERED
- 11.1.4KEY DEVELOPMENTS
- 11.1.5SWOT ANALYSIS
- 11.1.6KEY STRATEGIES
11.2H-TEC SYSTEMS GMBH (EUROPE)
- 11.2.1COMPANY OVERVIEW
- 11.2.2FINANCIAL OVERVIEW
- 11.2.3PRODUCTS OFFERED
- 11.2.4KEY DEVELOPMENTS
- 11.2.5SWOT ANALYSIS
- 11.2.6KEY STRATEGIES
11.3ENAPTER (EUROPE)
- 11.3.1COMPANY OVERVIEW
- 11.3.2FINANCIAL OVERVIEW
- 11.3.3PRODUCTS OFFERED
- 11.3.4KEY DEVELOPMENTS
- 11.3.5SWOT ANALYSIS
- 11.3.6KEY STRATEGIES
11.4HYSTAR (EUROPE)
- 11.4.1COMPANY OVERVIEW
- 11.4.2FINANCIAL OVERVIEW
- 11.4.3PRODUCTS OFFERED
- 11.4.4KEY DEVELOPMENTS
- 11.4.5SWOT ANALYSIS
- 11.4.6KEY STRATEGIES
11.5PLUG POWER INC. (NA)
- 11.5.1COMPANY OVERVIEW
- 11.5.2FINANCIAL OVERVIEW
- 11.5.3PRODUCTS OFFERED
- 11.5.4KEY DEVELOPMENTS
- 11.5.5SWOT ANALYSIS
- 11.5.6KEY STRATEGIES
11.6CUMMINS INC (NA)
- 11.6.1COMPANY OVERVIEW
- 11.6.2FINANCIAL OVERVIEW
- 11.6.3PRODUCTS OFFERED
- 11.6.4KEY DEVELOPMENTS
- 11.6.5SWOT ANALYSIS
- 11.6.6KEY STRATEGIES
11.7DANA LIMITED (NA)
- 11.7.1COMPANY OVERVIEW
- 11.7.2FINANCIAL OVERVIEW
- 11.7.3PRODUCTS OFFERED
- 11.7.4KEY DEVELOPMENTS
- 11.7.5SWOT ANALYSIS
- 11.7.6KEY STRATEGIES
11.8ELRINGKLINGER AG (EUROPE)
- 11.8.1COMPANY OVERVIEW
- 11.8.2FINANCIAL OVERVIEW
- 11.8.3PRODUCTS OFFERED
- 11.8.4KEY DEVELOPMENTS
- 11.8.5SWOT ANALYSIS
- 11.8.6KEY STRATEGIES

12APPENDIX

12.1REFERENCES
12.2RELATED REPORTS

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS 27
TABLE 2 AVERAGE SELLING PRICE RANGES OF BIPOLAR PLATES OF PEM ELECTROLYZERS, 2019-2023 (USD/UNIT) 42
TABLE 3 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 43
TABLE 4 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY COMPONENT, 2019-2030 (USD MILLION) 45
TABLE 5 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY END-USE, 2019-2030 (USD MILLION) 47
TABLE 6 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 50
TABLE 7 GERMANY: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 51
TABLE 8 GERMANY: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 51
TABLE 9 GERMANY: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 51
TABLE 10 FRANCE: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 52
TABLE 11 FRANCE: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 52
TABLE 12 FRANCE: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 52
TABLE 13 SPAIN: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 53
TABLE 14 SPAIN: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 53
TABLE 15 SPAIN: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 53
TABLE 16 ITALY: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 54
TABLE 17 ITALY: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 54
TABLE 18 ITALY: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 54
TABLE 19 UK: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 55
TABLE 20 UK: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 55
TABLE 21 UK: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 55
TABLE 22 US: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 56
TABLE 23 US: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 56
TABLE 24 US: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 56
TABLE 25 CHINA: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 57
TABLE 26 CHINA: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 57
TABLE 27 CHINA: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 57
TABLE 1 COMPETITION DASHBOARD: EUROPE US & CHINA ELECTROLYZERS MARKET 58
TABLE 2 THE MOST ACTIVE PLAYER IN THE EUROPE, US & CHINA ELECTROLYZERS MARKET 60
TABLE 3 SUSTAINBILITY 60
TABLE 4 ANNOUNCEMENT 61
TABLE 5 PRODUCT LAUNCH 61
TABLE 6 COLLABORATION 61
TABLE 7 PRODUCT DEVELOPMENT 62
TABLE 8 SIEMENS: PRODUCTS OFFERED 64
TABLE 9 SIEMENS: KEY DEVELOPMENTS 64
TABLE 10 H-TEC SYSTEMS GMBH: PRODUCTS OFFERED 66
TABLE 11 H-TEC SYSTEMS GMBH: KEY DEVELOPMENTS 66
TABLE 12 ENAPTER: PRODUCTS OFFERED 69
TABLE 13 ENAPTER: KEY DEVELOPMENTS 70
TABLE 14 HYSTAR: PRODUCT OFFERED 71
TABLE 15 HYSTAR: KEY DEVELOPMENTS 71
TABLE 16 PLUG POWER INC.: PRODUCTS OFFERED 73
TABLE 17 PLUG POWER INC.: KEY DEVELOPMENTS 73
TABLE 18 CUMMINS INC : PRODUCTS OFFERED 77
TABLE 19 DANA LIMITED: PRODUCTS OFFERED 80
TABLE 20 ELRINGKLINGER AG: PRODUCTS OFFERED 83

LIST OF FIGURES

FIGURE 1MARKET SYNOPSIS14
FIGURE 2MARKET ATTRACTIVENESS ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET15
FIGURE 3EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY PRODUCT TYPE16
FIGURE 4EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY COMPONENTS17
FIGURE 5EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY END-USE18
FIGURE 6EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY COUNTRY19
FIGURE 7EUROPE, US & CHINA ELECTROLYZER MARKET: STRUCTURE21
FIGURE 8RESEARCH PROCESS22
FIGURE 9TOP-DOWN & BOTTOM-UP APPROACHES25
FIGURE 10DRO ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET28
FIGURE 11NUMBER OF HYDROGEN FUEL CELL ELECTRIC VEHICLE CHARGING POINTS IN THE EUROPEAN UNION BETWEEN 2016 AND 202130
FIGURE 12DRIVERS: IMPACT ANALYSIS31
FIGURE 13RESTRAINT: IMPACT ANALYSIS32
FIGURE 14SUPPLY CHAIN ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET35
FIGURE 15PORTER'S FIVE FORCES ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET40
FIGURE 16EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019 TO 2030 (USD MILLION)43
FIGURE 17EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT, 2019 TO 2030 (USD MILLION)45
FIGURE 18EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE, 2019 TO 2030 (USD MILLION)47
FIGURE 19EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY, 2019-2030 (USD MILLION)50
FIGURE 20COMPETITIVE BENCHMARKING59
FIGURE 21SIEMENS: FINANCIAL OVERVIEW SNAPSHOT64
FIGURE 22SIEMENS: SWOT ANALYSIS65
FIGURE 23H-TEC SYSTEMS GMBH: SWOT ANALYSIS67
FIGURE 24ENAPTER: FINANCIAL OVERVIEW SNAPSHOT69
FIGURE 25ENAPTER: SWOT ANALYSIS70
FIGURE 26HYSTAR: SWOT ANALYSIS72
FIGURE 27PLUG POWER INC.: SWOT ANALYSIS74
FIGURE 28CUMMINS INC: FINANCIAL OVERVIEW SNAPSHOT76
FIGURE 29CUMMINS INC.: SWOT ANALYSIS78
FIGURE 30DANA LIMITED: FINANCIAL OVERVIEW SNAPSHOT80
FIGURE 31DANA LIMITED: SWOT ANALYSIS81
FIGURE 32ELRINGKLINGER AG: FINANCIAL OVERVIEW SNAPSHOT83
FIGURE 33ELRINGKLINGER: SWOT ANALYSIS84