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1561556

2024-2032 年按產品、產能、應用和地區分類的電解槽市場報告

Electrolyzer Market Report by Product, Capacity, Application, and Region 2024-2032

出版日期: 2024年09月10日 | 出版商:

IMARC | 英文 136 Pages | 商品交期: 2-3個工作天內

價格

簡介目錄圖表

2023年全球電解槽IMARC Group規模達5.056億美元。該市場主要是由對綠色氫的需求不斷成長以及促進再生能源的政府優惠政策所推動的。此外，提高效率和成本的快速技術創新以及氫基礎設施投資的增加也有助於市場成長，進一步支持全球脫碳目標和能源轉型措施。

電解槽市場分析：

主要市場促進因素：電解槽市場的主要促進因素包括政府對綠氫計畫的計劃和資助的增加、對減少碳排放的日益重視、電解槽技術的進步提高了效率和成本效益、對再生能源的需求不斷成長以及擴大氫在交通、工業流程和發電等各個領域的使用。
主要市場趨勢：電解槽市場的主要趨勢包括將風能和太陽能等再生能源與電解槽系統相結合以生產綠色氫氣、技術進步帶來更高的效率和更低的成本、增加行業參與者之間的投資和合作、擴大電解槽規模用於大規模氫氣生產的電解槽能力，以及創新儲存和分配解決方案的開發。此外，加氫站的興起以及氫在各種工業應用中的採用是值得注意的趨勢。
地理趨勢：根據電解槽市場預測，由於歐洲對脫碳和實現氣候目標的堅定承諾、政府對氫項目的大量資助和支持政策以及先進的可再生能源整合基礎設施的存在，預計歐洲將主導市場。歐盟的氫戰略旨在促進綠氫的生產和利用，以及主要產業參與者之間的戰略夥伴關係和合作，進一步鞏固了歐洲作為電解槽市場領導者的地位。此外，歐洲對技術創新和研究的關注有助於其市場領先地位。
競爭格局：電解槽產業的一些主要市場參與者包括Air Liquide SA、Air Products and Chemicals Inc.、Asahi Kasei Corporation、Cummins Inc.、ITM Power plc、Linde plc、McPhy Energy SA、Nel ASA、Plug Power Inc. .、西門子股份公司、鈦鉭製品有限公司和東芝公司等。
挑戰與機會：根據電解槽市場概況，市場的重大機會包括在全球脫碳努力和向永續能源解決方案轉變的推動下，對綠氫作為清潔能源的需求不斷成長。電解槽技術的進步提高了效率並降低了成本，也創造了新的市場前景。此外，政府和私人實體增加對氫基礎設施的投資正在促進市場擴張。然而，市場面臨一些挑戰，例如電解槽系統的初始成本較高，這可能會成為採用的障礙。與大規模氫氣生產和儲存相關的技術複雜性也存在困難。廣泛的基礎設施發展的需求，加上監管和標準化問題以及再生能源資源的可用性，對市場的成長構成了重大障礙。

電解槽市場趨勢：

對綠氫的需求不斷增加

對永續能源的推動極大地增加了對使用再生能源供電的電解槽生產的綠色氫的需求。綠氫是一種清潔能源載體，可以使交通、工業、發電等各個領域脫碳。這一轉變是由全球減少碳排放和應對氣候變遷的努力所推動的，使綠氫成為實現長期環境永續性的關鍵組成部分。例如，2023 年 3 月，康明斯公司推出了康明斯新品牌 Accelera，這是其新動力業務部門內的一個新品牌，旨在推進零排放解決方案。 Accelera 旨在透過其多樣化的產品組合（包括電池電動和燃料電池電動解決方案）來幫助產業過渡到永續實踐。此次發布支持康明斯的「目的地零」策略，該策略的重點是實現其產品的零排放。 Accelera 也將承接重大項目，包括魁北克省的 90MW 電解槽系統和美國的 1,000 輛電動校車車隊。

重大技術進步

電解槽市場收入穩定成長，主要歸功於電解槽技術的創新，提高了效率、降低了營運成本並提高了耐用性。更高的電解效率、更好的催化劑材料和改進的系統整合等進步使得電解槽更適合大規模氫氣生產。例如，2023 年 3 月，豐田利用 Mirai 燃料電池汽車的技術開發了一種電解槽，作為新能源和工業技術綜合開發組織 (NEDO) 資助的項目，將在 DENSO 福島工廠實施。此電解槽每小時可生產 8 公斤氫氣，將支持當地氫氣消耗並減少二氧化碳排放。這些技術改進使電解槽對工業應用和能源儲存更具吸引力，支援更廣泛地採用氫作為清潔能源，並為電解槽市場的成長做出關鍵貢獻。

政府激勵措施和政策

世界各國政府正在實施政策並提供財政激勵措施，以促進綠氫和電解槽技術的採用。其中包括旨在加速氫基礎設施開發和部署的補貼、稅收抵免和研究補助。據產業報告稱，印度的目標是到 2047 年實現能源獨立，並在 2070 年實現淨零排放。目標包括使印度成為綠氫的領先生產國、減少對化石燃料的依賴、發展當地製造業、吸引投資、創造就業機會和支持研發。到 2030 年，該任務的目標是實現每年至少 5 MMT 的綠氫產量、125 吉瓦的再生能源產能、超過 80 億盧比的投資，並大幅減少化石燃料進口和溫室氣體排放。這種支援對於克服初始成本障礙、促進創新和創造有利的監管環境至關重要，從而推動電解槽市場的成長。

電解槽市場細分：

IMARC Group提供了每個細分市場的主要趨勢的分析，以及 2024-2032 年全球、區域和國家層面的預測。我們的報告根據產品、產能和應用對市場進行了分類。

按產品分類：

鹼性電解槽
質子交換膜電解槽
固態氧化物電解槽

鹼性電解槽佔大部分市場佔有率

該報告根據產品提供了詳細的市場細分和分析。這包括鹼性電解槽、質子交換膜電解槽和固體氧化物電解槽。根據該報告，鹼性電解槽佔據了最大的佔有率。

鹼性電解槽憑藉其悠久的技術、成本效益和可靠性佔據了電解槽市場的大部分佔有率。它們已經使用了幾十年，提供了經過驗證的性能記錄。鹼性電解槽可以在較低的溫度和壓力下高效運行，從而降低營運成本。此外，他們使用廣泛可用且廉價的材料，進一步增強了其經濟可行性。它們的耐用性和可擴展性使其適合大規模氫氣生產，滿足對綠色氫氣不斷成長的需求。例如，2023 年 7 月，Nel ASA 子公司 Nel Hydrogen Electrolyser AS 簽署了一份價值 900 萬歐元的契約，為 Hyd'Occ 位於法國新港的項目提供 20 MW 鹼性電解槽設備。該電解槽將為當地工業和運輸生產可再生氫氣，使新港成為地中海重要的氫氣中心。這反過來又推動了鹼性電解槽領域的發展，從而提高了電解槽的市場價值。

按容量分類：

小於500千瓦
500千瓦至2兆瓦
2兆瓦以上

500kW至2MW佔據產業最大佔有率

該報告根據產能對市場進行了詳細的細分和分析。其中包括 500 kW 以下、500 kW 至 2 MW 以及 2 MW 以上。根據該報告，500 kW 至 2 MW 是最大的細分市場。

500 kW 至 2 MW 細分市場由於其適用於廣泛的應用、平衡規模和靈活性而在電解槽市場佔有率中佔據主導地位。此容量範圍非常適合工業應用、再生能源整合和運輸燃料生產，為中等規模的氫氣生產提供有效的解決方案。它提供了成本效益和營運效率的最佳組合，使其對各種最終用戶具有吸引力。此外，電解槽市場報告還強調了重大技術進步，這些進步提高了該範圍內電解槽的效率和耐用性，進一步推動了電解槽的採用。 500 kW 至 2 MW 電解槽的可擴展性和適應性使其成為不斷發展的氫經濟中的首選。

按應用分類：

發電
運輸
工業能源
工業原料
建築熱力發電
其他

發電是領先的細分市場

電解槽研究報告根據應用提供了詳細的市場細分和分析。這包括發電、交通、工業能源、工業原料、建築熱電等。根據電解槽市場研究報告，發電是最大的部分。

由於對再生能源的日益重視以及對高效能能源儲存解決方案的需求，發電代表了領先的細分市場。電解槽能夠將多餘的再生能源（例如太陽能和風能）轉化為綠色氫氣，可以儲存起來，然後在需求高或再生能源產量低的時期用於發電。此功能增強了電網穩定性和可靠性。此外，電解槽產生的綠色氫氣可用於燃料電池產生清潔電力，支持向低碳能源系統的過渡。將電解槽整合到發電中符合全球脫碳目標和能源永續性舉措，進一步創造了積極的電解槽市場前景。

例如，2024 年2 月，科欽國際機場有限公司(CIAL) 和巴拉特石油公司(BPCL) 宣布簽署合作備忘錄，將在喀拉拉邦科欽機場建立世界上第一個機場綠色氫廠和加氫站。該工廠將利用再生能源從水中生產氫氣，以支援機場車輛的運作。 BPCL 將監督技術和營運，而 CIAL 將提供土地、水和綠色能源。

按地區分類：

北美洲
- 美國
- 加拿大
亞太
- 中國
- 日本
- 印度
- 韓國
- 澳洲
- 印尼
- 其他
歐洲
- 德國
- 法國
- 英國
- 義大利
- 西班牙
- 俄羅斯
- 其他
拉丁美洲
- 巴西
- 墨西哥
- 其他
中東和非洲

歐洲引領市場，佔最大電解槽市場佔有率

該報告還對所有主要區域市場進行了全面分析，其中包括北美（美國和加拿大）；歐洲（德國、法國、英國、義大利、西班牙、俄羅斯等）；亞太地區（中國、日本、印度、韓國、澳洲、印尼等）；拉丁美洲（巴西、墨西哥等）；以及中東和非洲。報告稱，歐洲是電解槽最大的區域市場。

歐洲由於對脫碳和再生能源採用的堅定承諾而在電解槽市場佔據主導地位。該地區強力的政策框架，包括歐洲綠色協議和各種國家氫戰略，支持氫技術的開發和部署。例如，根據歐盟委員會官方網站的消息，政府批准了來自七個成員國的高達14億歐元的國家援助，用於氫價值鏈中的第四個歐洲共同利益重要項目（IPCEI）。該計畫名為IPCEI Hy2Move，將支持氫技術的研究、創新和首次工業部署，以減少移動和運輸領域的排放，為歐盟到2050 年實現氣候中和目標做出貢獻。歐元的資金私人投資，創造約 3,600 個直接就業機會。

此外，對研發（R＆D）的大量投資，加上大量的政府資助和補貼，加速了技術進步。此外，歐洲完善的再生能源基礎設施為綠氫生產提供了可靠的來源。政府、產業和研究機構之間的合作進一步推動創新和市場成長，使歐洲成為全球電解槽市場的領導者。例如，2023 年 1 月，清潔氫夥伴關係啟動了 2023 年提案徵集，撥款 1.95 億歐元用於開發清潔氫技術，支持可再生氫生產項目，並刺激在難以減排的領域使用低排放氫。。

（請注意，這只是關鍵參與者的部分列表，報告中提供了完整列表。）

電解槽市場競爭格局的特點是既有老牌公司，也有新興新創公司，它們都在快速成長的產業中爭奪市場佔有率。主要參與者正在專注於技術進步、提高效率和降低成本，以獲得競爭優勢。當公司尋求擴大其能力和市場佔有率時，策略合作夥伴關係、合併和收購很常見。產品創新，例如可擴展和模組化電解槽系統，是一個重要趨勢。此外，電解槽公司擴大與再生能源供應商合作，以確保為氫氣生產提供穩定的綠色電力，從而進一步增強其競爭地位。
2023 年 3 月，蒂森克虜伯 nucera 與 Unigel 簽署了一份合作備忘錄，將 Unigel 位於巴西巴伊亞的綠氫工廠從 60 兆瓦擴大到 240 兆瓦。該工廠是巴西第一座工業規模的綠氫工廠，將生產1萬噸/年綠色氫氣和6萬噸/年綠色氨。

電解槽市場新聞：

2023 年 10 月，領先的電解槽製造商 John Cockerill 宣布進軍美國氫氣市場，在德州休士頓貝敦建立了一座新的超級工廠。該工廠每年將生產 1GW 電解槽，創造 200 個就業機會，並鞏固休士頓作為氫中心的地位，同時擴大全球電解槽需求。
2024年2月，H-TEC SYSTEMS宣布將向SailH2交付一台1MW PEM電解槽，用於安達盧西亞塞維利亞的「HUB LA ISLA H2」專案。這個耗資 2500 萬歐元的項目旨在生產和分配綠色氫氣，最初使用 1.5 兆瓦光伏電站每年生產 136 噸氫氣。此電解槽將支援行動應用和加氫站。第二階段將從 2025 年開始，將氫氣產量擴大到 680 噸，目標是透過 5 兆瓦電解功率實現工業脫碳。該項目預計將減少地區二氧化碳排放量超過3,500噸。

本報告回答的關鍵問題：

迄今為止，全球電解槽市場表現如何，未來幾年將如何表現？
全球電解槽市場的促進因素、限制因素和機會是什麼？
每個促進因素、限制因素和機會對全球電解槽市場有何影響？
主要區域市場有哪些？
哪些國家代表了最具吸引力的電解槽市場？
基於產品的市場區隔是什麼？
電解槽市場上最具吸引力的產品是什麼？
依產能分類的市場是怎麼樣的？
電解槽市場哪項產能最具吸引力？
基於應用的市場區隔是什麼？
電解槽市場哪項應用最具吸引力？
市場競爭結構如何？
全球電解槽市場的主要參與者/公司有哪些？

本報告回答的關鍵問題：

迄今為止，全球電解槽市場表現如何，未來幾年將如何表現？
全球電解槽市場的促進因素、限制因素和機會是什麼？
每個促進因素、限制因素和機會對全球電解槽市場有何影響？
主要區域市場有哪些？
哪些國家代表了最具吸引力的電解槽市場？
基於產品的市場區隔是什麼？
電解槽市場上最具吸引力的產品是什麼？
依產能分類的市場是怎麼樣的？
電解槽市場哪項產能最具吸引力？
基於應用的市場區隔是什麼？
電解槽市場哪項應用最具吸引力？
市場競爭結構如何？
全球電解槽市場的主要參與者/公司有哪些？

The global electrolyzer market size reached US$ 505.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,017.7 Million by 2032, exhibiting a growth rate (CAGR) of 7.8% during 2024-2032. The market is primarily driven by the increasing demand for green hydrogen and favorable government policies promoting renewable energy. Additionally, rapid technological innovations for improving efficiency and costs and rising investments in hydrogen infrastructure are also contributing to the market growth, further supporting global decarbonization goals and energy transition initiatives.

Electrolyzer Market Analysis:

Major Market Drivers: The major drivers for the electrolyzer market include increasing government initiatives and funding for green hydrogen projects, growing emphasis on reducing carbon emissions, advancements in electrolyzer technologies improving efficiency and cost-effectiveness, the rising demand for renewable energy sources, and the expanding use of hydrogen across various sectors, such as transportation, industrial processes, and power generation.
Key Market Trends: Key trends in the electrolyzer market include the integration of renewable energy sources like wind and solar with electrolyzer systems to produce green hydrogen, technological advancements leading to higher efficiency and lower costs, increased investment and collaborations among industry players, scaling up of electrolyzer capacities for large-scale hydrogen production, and the development of innovative storage and distribution solutions. Furthermore, the rise of hydrogen fueling stations and the adoption of hydrogen in various industrial applications are notable trends.
Geographical Trends: According to the electrolyzer market forecast, Europe is anticipated to dominate the market due to its strong commitment to decarbonization and achieving climate goals, substantial government funding and supportive policies for hydrogen projects, and the presence of advanced infrastructure for renewable energy integration. The European Union's hydrogen strategy, aimed at boosting green hydrogen production and utilization, along with strategic partnerships and collaborations among key industry players, further strengthens Europe's position as a leader in the electrolyzer market. Additionally, Europe's focus on technological innovation and research contributes to its market leadership.
Competitive Landscape: Some of the major market players in the electrolyzer industry include Air Liquide S.A., Air Products and Chemicals Inc., Asahi Kasei Corporation, Cummins Inc., ITM Power plc, Linde plc, McPhy Energy S.A., Nel ASA, Plug Power Inc., Siemens AG, Titanium Tantalum Products Limited, and Toshiba Corporation, among many others.
Challenges and Opportunities: According to the electrolyzer market overview, significant opportunities in the market include the growing demand for green hydrogen as a clean energy source, driven by global decarbonization efforts and the shift towards sustainable energy solutions. Advancements in electrolyzer technology, leading to increased efficiency and reduced costs, are also creating new market prospects. Furthermore, increasing investments in hydrogen infrastructure by governments and private entities are fostering market expansion. However, the market faces several challenges, such as the high initial costs of electrolyzer systems, which can be a barrier to adoption. Technical complexities related to large-scale hydrogen production and storage also present difficulties. The need for extensive infrastructure development, coupled with regulatory and standardization issues and the availability of renewable energy resources, pose significant hurdles to the market's growth.

Electrolyzer Market Trends:

Increasing Demand for Green Hydrogen

The push toward sustainable energy has significantly boosted the demand for green hydrogen, produced using electrolyzers powered by renewable energy sources. Green hydrogen is a clean energy carrier that can decarbonize various sectors, including transportation, industry, and power generation. This shift is driven by global efforts to reduce carbon emissions and combat climate change, making green hydrogen a pivotal component in achieving long-term environmental sustainability. For instance, in March 2023, Cummins Inc. launched Accelera by Cummins, a new brand within its New Power business unit, to advance zero-emissions solutions. Accelera aims to help industries transition to sustainable practices with its diverse portfolio, including battery electric and fuel cell electric solutions. The launch supports Cummins' Destination Zero strategy, which focuses on achieving zero emissions across its products. Accelera will also undertake major projects, including a 90MW electrolyzer system in Quebec and a fleet of 1,000 electric school buses in the US.

Significant Technological Advancements

The electrolyzer market revenue is steadily increasing primarily due to innovations in electrolyzer technology, which have enhanced efficiency, reduced operational costs, and improved durability. Advances such as higher electrolytic efficiency, better catalyst materials, and improved system integration have made electrolyzers more viable for large-scale hydrogen production. For instance, in March 2023, Toyota developed an electrolyzer using technology from its Mirai fuel cell vehicle, set to be implemented at DENSO Fukushima plant as a project subsidized by the New Energy and Industrial Technology Development Organization (NEDO). This electrolyzer, producing 8 kg of hydrogen per hour, will support local hydrogen consumption and reduce CO2 emissions. These technological improvements make electrolyzers more attractive for industrial applications and energy storage, supporting the broader adoption of hydrogen as a clean energy source and contributing to the electrolyzer market growth pivotally.

Government Incentives and Policies

Governments worldwide are implementing policies and providing financial incentives to promote the adoption of green hydrogen and electrolyzer technology. These include subsidies, tax credits, and research grants aimed at accelerating the development and deployment of hydrogen infrastructure. According to industry reports, India aims to become energy independent by 2047 and achieve Net Zero by 2070. The National Green Hydrogen Mission supports this goal by promoting renewable energy use and green hydrogen. Objectives include making India a leading producer of green hydrogen, reducing fossil fuel dependence, developing local manufacturing, attracting investment, creating jobs, and supporting R&D. By 2030, the mission aims for at least 5 MMT annual green hydrogen production, 125 GW of renewable energy capacity, over ₹8 lakh crore in investments, and significant reductions in fossil fuel imports and greenhouse gas emissions. Such support is crucial for overcoming initial cost barriers, fostering innovation, and creating a favorable regulatory environment, thereby driving the growth of the electrolyzer market.

Electrolyzer Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, capacity, and application.

Breakup by Product:

Alkaline Electrolyzer
PEM Electrolyzer
Solid Oxide Electrolyzer

Alkaline electrolyzer accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes alkaline, PEM, and solid oxide electrolyzers. According to the report, alkaline electrolyzer represented the largest segment.

Alkaline electrolyzers account for the majority of the electrolyzer market share due to their long-established technology, cost-effectiveness, and reliability. They have been used for decades, providing a proven track record of performance. Alkaline electrolyzers operate efficiently at lower temperatures and pressures, which reduces operational costs. Additionally, they use widely available and inexpensive materials, further enhancing their economic viability. Their durability and scalability make them suitable for large-scale hydrogen production, meeting the growing demand for green hydrogen. For instance, in July 2023, Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA, signed a €9 million contract to supply 20 MW of alkaline electrolyser equipment to Hyd'Occ for its project in Port-La-Nouvelle, France. The electrolyser will produce renewable hydrogen for local industry and transportation, positioning Port-La-Nouvelle as a key Mediterranean hydrogen hub. This, in turn, is driving the alkaline electrolyzer segment, thereby enhancing the electrolyzer market value.

Breakup by Capacity:

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

500 kW to 2 MW holds the largest share of the industry

The report has provided a detailed breakup and analysis of the market based on the capacity. This includes less than 500 kW, 500 kW to 2 MW, and above 2 MW. According to the report, 500 kW to 2 MW represented the largest segment.

The 500 kW to 2 MW segment dominates the electrolyzer market share due to its suitability for a wide range of applications, balancing scale and flexibility. This capacity range is ideal for industrial applications, renewable energy integration, and transportation fuel production, providing an efficient solution for medium-scale hydrogen generation. It offers an optimal blend of cost-effectiveness and operational efficiency, making it attractive for various end-users. Additionally, the electrolyzer market report highlights significant technological advancements that have improved the efficiency and durability of electrolyzers within this range, further driving their adoption. The scalability and adaptability of 500 kW to 2 MW electrolyzers position them as a preferred choice in the evolving hydrogen economy.

Breakup by Application:

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

Power generation represents the leading market segment

The electrolyzer research report has provided a detailed breakup and analysis of the market based on the application. This includes power generation, transportation, industry energy, industry feedstock, building heat and power, and others. According to the electrolyzer market research report, power generation represented the largest segment.

Power generation represents the leading market segment due to the growing emphasis on renewable energy sources and the need for efficient energy storage solutions. Electrolyzers enable the conversion of excess renewable energy, such as solar and wind, into green hydrogen, which can be stored and later used to generate electricity during periods of high demand or low renewable output. This capability enhances grid stability and reliability. Additionally, green hydrogen produced by electrolyzers can be used in fuel cells to generate clean electricity, supporting the transition to a low-carbon energy system. The integration of electrolyzers into power generation aligns with global decarbonization goals and energy sustainability initiatives, further creating a positive electrolyzer market outlook.

For instance, in February 2024, Cochin International Airport Ltd (CIAL) and Bharat Petroleum Corporation Ltd (BPCL) announced that they have signed an MoU to establish the world's first airport-based green hydrogen plant and fueling station at Cochin Airport, Kerala. The plant will produce hydrogen from water using renewable energy to support airport vehicle operations. BPCL will oversee technology and operations, while CIAL will provide land, water, and green energy resources.

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Europe leads the market, accounting for the largest electrolyzer market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe represents the largest regional market for electrolyzer.

Europe dominates the electrolyzer market due to its strong commitment to decarbonization and renewable energy adoption. The region's robust policy framework, including the European Green Deal and various national hydrogen strategies, supports the development and deployment of hydrogen technologies. For instance, according to the official website of the European Commission, the government approved up to €1.4 billion in State aid from seven Member States for the fourth Important Project of Common European Interest (IPCEI) in the hydrogen value chain. Named IPCEI Hy2Move, the project will support research, innovation, and the first industrial deployment of hydrogen technologies to reduce emissions in the mobility and transport sectors, contributing to the EU's climate-neutral goals by 2050. The initiative is expected to unlock €3.3 billion in private investments and create around 3,600 direct jobs.

Moreover, significant investments in research and development (R&D), coupled with substantial government funding and subsidies, have accelerated technological advancements. Additionally, Europe's well-established renewable energy infrastructure provides a reliable source for green hydrogen production. Collaborative efforts between governments, industry, and research institutions further drive innovation and market growth, positioning Europe as a leader in the global electrolyzer market. For instance, in January 2023, the Clean Hydrogen Partnership launched its 2023 call for proposals, allocating €195 million to develop clean hydrogen technologies, support projects for renewable hydrogen production, and stimulate the use of low-emission hydrogen in hard-to-abate sectors.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the electrolyzer industry include Air Liquide S.A., Air Products and Chemicals Inc., Asahi Kasei Corporation, Cummins Inc., ITM Power plc, Linde plc, McPhy Energy S.A., Nel ASA, Plug Power Inc., Siemens AG, Titanium Tantalum Products Limited, and Toshiba Corporation.

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

The competitive landscape of the electrolyzer market is characterized by a mix of established companies and emerging startups, all vying for market share in a rapidly growing industry. Key players are focusing on technological advancements, improving efficiency, and reducing costs to gain a competitive edge. Strategic partnerships, mergers, and acquisitions are common as companies seek to expand their capabilities and market presence. Innovations in product offerings, such as scalable and modular electrolyzer systems, is a significant trend. Additionally, electrolyzer companies are increasingly collaborating with renewable energy providers to ensure a steady supply of green electricity for hydrogen production, further enhancing their competitive positions.
In March 2023, thyssenkrupp nucera and Unigel signed a Memorandum of Understanding to expand Unigel's green hydrogen plant in Bahia, Brazil, from 60 MW to 240 MW. This facility, the first industrial-scale green hydrogen plant in Brazil, will produce 10,000 tons/year of green hydrogen and 60,000 tons/year of green ammonia.

Electrolyzer Market News:

In October 2023, John Cockerill, a leading electrolyzer manufacturer, announced its expansion into the US hydrogen market with a new gigafactory in Baytown, Houston, Texas. The facility will produce 1GW of electrolyzers annually, create 200 jobs, and bolster Houston's position as a hydrogen hub, while ecpanding electrolyzer demand across the globe.
In February 2024, H-TEC SYSTEMS announced that they will deliver a 1 MW PEM electrolyzer to SailH2 for the "HUB LA ISLA H2" project in Sevilla, Andalusia. This €25 million project aims to produce and distribute green hydrogen, initially generating 136 tons of H2 annually using a 1.5 MW PV plant. The electrolyzer will support mobility applications and a hydrogen refueling station. Phase 2, starting in 2025, will expand production to 680 tons of H2, targeting industrial decarbonization with 5 MW electrolysis power. The project expects to cut regional CO2 emissions by over 3,500 tons.

Key Questions Answered in This Report:

How has the global electrolyzer market performed so far, and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global electrolyzer market?
What is the impact of each driver, restraint, and opportunity on the global electrolyzer market?
What are the key regional markets?
Which countries represent the most attractive electrolyzer market?
What is the breakup of the market based on the product?
Which is the most attractive product in the electrolyzer market?
What is the breakup of the market based on the capacity?
Which is the most attractive capacity in the electrolyzer market?
What is the breakup of the market based on the application?
Which is the most attractive application in the electrolyzer market?
What is the competitive structure of the market?
Who are the key players/companies in the global electrolyzer market?

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Electrolyzer Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product

6.1 Alkaline Electrolyzer
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
6.2 PEM Electrolyzer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
6.3 Solid Oxide Electrolyzer
- 6.3.1 Market Trends
- 6.3.2 Market Forecast

7 Market Breakup by Capacity

7.1 Less than 500 kW
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
7.2 500 kW to 2 MW
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
7.3 Above 2 MW
- 7.3.1 Market Trends
- 7.3.2 Market Forecast

8 Market Breakup by Application

8.1 Power Generation
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
8.2 Transportation
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
8.3 Industry Energy
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
8.4 Industry Feedstock
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
8.5 Building Heat and Power
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast

9 Market Breakup by Region

9.1 North America
- 9.1.1 United States
  - 9.1.1.1 Market Trends
  - 9.1.1.2 Market Forecast
- 9.1.2 Canada
  - 9.1.2.1 Market Trends
  - 9.1.2.2 Market Forecast
9.2 Asia-Pacific
- 9.2.1 China
  - 9.2.1.1 Market Trends
  - 9.2.1.2 Market Forecast
- 9.2.2 Japan
  - 9.2.2.1 Market Trends
  - 9.2.2.2 Market Forecast
- 9.2.3 India
  - 9.2.3.1 Market Trends
  - 9.2.3.2 Market Forecast
- 9.2.4 South Korea
  - 9.2.4.1 Market Trends
  - 9.2.4.2 Market Forecast
- 9.2.5 Australia
  - 9.2.5.1 Market Trends
  - 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
  - 9.2.6.1 Market Trends
  - 9.2.6.2 Market Forecast
- 9.2.7 Others
  - 9.2.7.1 Market Trends
  - 9.2.7.2 Market Forecast
9.3 Europe
- 9.3.1 Germany
  - 9.3.1.1 Market Trends
  - 9.3.1.2 Market Forecast
- 9.3.2 France
  - 9.3.2.1 Market Trends
  - 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
  - 9.3.3.1 Market Trends
  - 9.3.3.2 Market Forecast
- 9.3.4 Italy
  - 9.3.4.1 Market Trends
  - 9.3.4.2 Market Forecast
- 9.3.5 Spain
  - 9.3.5.1 Market Trends
  - 9.3.5.2 Market Forecast
- 9.3.6 Russia
  - 9.3.6.1 Market Trends
  - 9.3.6.2 Market Forecast
- 9.3.7 Others
  - 9.3.7.1 Market Trends
  - 9.3.7.2 Market Forecast
9.4 Latin America
- 9.4.1 Brazil
  - 9.4.1.1 Market Trends
  - 9.4.1.2 Market Forecast
- 9.4.2 Mexico
  - 9.4.2.1 Market Trends
  - 9.4.2.2 Market Forecast
- 9.4.3 Others
  - 9.4.3.1 Market Trends
  - 9.4.3.2 Market Forecast
9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast

10 SWOT Analysis

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
- 14.3.1 Air Liquide S.A.
  - 14.3.1.1 Company Overview
  - 14.3.1.2 Product Portfolio
  - 14.3.1.3 Financials
  - 14.3.1.4 SWOT Analysis
- 14.3.2 Air Products and Chemicals Inc.
  - 14.3.2.1 Company Overview
  - 14.3.2.2 Product Portfolio
  - 14.3.2.3 Financials
  - 14.3.2.4 SWOT Analysis
- 14.3.3 Asahi Kasei Corporation
  - 14.3.3.1 Company Overview
  - 14.3.3.2 Product Portfolio
  - 14.3.3.3 Financials
  - 14.3.3.4 SWOT Analysis
- 14.3.4 Cummins Inc.
  - 14.3.4.1 Company Overview
  - 14.3.4.2 Product Portfolio
  - 14.3.4.3 Financials
  - 14.3.4.4 SWOT Analysis
- 14.3.5 ITM Power plc
  - 14.3.5.1 Company Overview
  - 14.3.5.2 Product Portfolio
  - 14.3.5.3 Financials
  - 14.3.5.4 SWOT Analysis
- 14.3.6 Linde plc
  - 14.3.6.1 Company Overview
  - 14.3.6.2 Product Portfolio
  - 14.3.6.3 Financials
- 14.3.7 McPhy Energy S.A.
  - 14.3.7.1 Company Overview
  - 14.3.7.2 Product Portfolio
  - 14.3.7.3 Financials
- 14.3.8 Nel ASA
  - 14.3.8.1 Company Overview
  - 14.3.8.2 Product Portfolio
  - 14.3.8.3 Financials
- 14.3.9 Plug Power Inc.
  - 14.3.9.1 Company Overview
  - 14.3.9.2 Product Portfolio
  - 14.3.9.3 Financials
- 14.3.10 Siemens AG
  - 14.3.10.1 Company Overview
  - 14.3.10.2 Product Portfolio
  - 14.3.10.3 Financials
  - 14.3.10.4 SWOT Analysis
- 14.3.11 Titanium Tantalum Products Limited
  - 14.3.11.1 Company Overview
  - 14.3.11.2 Product Portfolio
- 14.3.12 Toshiba Corporation
  - 14.3.12.1 Company Overview
  - 14.3.12.2 Product Portfolio
  - 14.3.12.3 Financials
  - 14.3.12.4 SWOT Analysis

簡介目錄圖表

List of Figures

Figure 1: Global: Electrolyzer Market: Major Drivers and Challenges
Figure 2: Global: Electrolyzer Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Electrolyzer Market: Breakup by Product (in %), 2023
Figure 5: Global: Electrolyzer Market: Breakup by Capacity (in %), 2023
Figure 6: Global: Electrolyzer Market: Breakup by Application (in %), 2023
Figure 7: Global: Electrolyzer Market: Breakup by Region (in %), 2023
Figure 8: Global: Electrolyzer (Alkaline Electrolyzer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Electrolyzer (Alkaline Electrolyzer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Electrolyzer (PEM Electrolyzer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Electrolyzer (PEM Electrolyzer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Electrolyzer (Solid Oxide Electrolyzer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Electrolyzer (Solid Oxide Electrolyzer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Electrolyzer (Less than 500 kW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Electrolyzer (Less than 500 kW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Electrolyzer (500 kW to 2 MW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Electrolyzer (500 kW to 2 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Electrolyzer (Above 2 MW) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Electrolyzer (Above 2 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Electrolyzer (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Electrolyzer (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Electrolyzer (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Electrolyzer (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Electrolyzer (Industry Energy) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Electrolyzer (Industry Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Electrolyzer (Industry Feedstock) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Electrolyzer (Industry Feedstock) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Electrolyzer (Building Heat and Power) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Electrolyzer (Building Heat and Power) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Electrolyzer (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Electrolyzer (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: North America: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: North America: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: United States: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: United States: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Canada: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Canada: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Asia-Pacific: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Asia-Pacific: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: China: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: China: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Japan: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Japan: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: India: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: India: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: South Korea: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: South Korea: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Australia: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Australia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Indonesia: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Indonesia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Others: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Germany: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Germany: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: France: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: France: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: United Kingdom: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: United Kingdom: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Italy: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Italy: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Spain: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Spain: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Russia: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Russia: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Latin America: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Latin America: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Brazil: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Brazil: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Mexico: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Mexico: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Middle East and Africa: Electrolyzer Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Middle East and Africa: Electrolyzer Market: Breakup by Country (in %), 2023
Figure 80: Middle East and Africa: Electrolyzer Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Global: Electrolyzer Industry: SWOT Analysis
Figure 82: Global: Electrolyzer Industry: Value Chain Analysis
Figure 83: Global: Electrolyzer Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Electrolyzer Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Electrolyzer Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Electrolyzer Market Forecast: Breakup by Capacity (in Million US$), 2024-2032
Table 4: Global: Electrolyzer Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Electrolyzer Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Electrolyzer Market: Competitive Structure
Table 7: Global: Electrolyzer Market: Key Players

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