Europe, US & China Electrolyser Market Research Report Data By product type, Component, and End Use Forecast to 2030

Over the projection period of 2023-2030, the electrolyser market in Europe, the US, and China is anticipated to develop at a CAGR of 20.15%. An electrolyser is a device that uses electricity to electrolyze water or other liquids and separate them into their constituent parts. When an electric current passes through a material, a chemical process known as electrolysis occurs, causing the material to break down into its component elements. An electrolyzer uses an electric current to break water molecules into hydrogen and oxygen gasses in the process of water electrolysis. Hydrogen can be stored as either liquefied or compressed gas. The oxygen that is created is either released back into the environment or captured and stored to power more industrial processes.

The contemporary automotive market's fast-growing demand for hydrogen fuel cells has contributed to the companies' notable revenue growth over this time. The use of clean energy has emerged as a recent trend that is expected to grow soon, making it a key driver of market expansion.

The market will see a significant return over the next years thanks to the growing demand for improved electric vehicles with longer ranges. The government's proactive assistance of the major market players in integrating clean energy into society has been instrumental in significantly enhancing the electrolyzer market's economy.

Market Segment insight

Based on this product type, the Europe, US, and China electrolyzer market has been segmented into four categories: solid oxide electrolyzer, anion exchange membrane (AEM), alkaline electrolyzer, and proton exchange membrane (PEM) electrolyzer.

The electrolyzer market in Europe, the US, and China has been divided into categories based on the components, including stacks, bipolar plates, and others.

The end-use segmentation of the European, American, and Chinese electrolyzer markets includes the following categories: Metal Production & Fabrication, Food & Beverages, Pharma & Biotech, Chemical/Refining Industry, Electronics, Energy, Transport, and others.

Region specific analysis

Due to the region's high raw material availability, quick industrialization, and increased commercialization-particularly with the expansion of the consumer goods and automobile industries-China commanded the greatest market share in 2022. The significant technological investments made by automakers in China, the US, and Europe to create fuel cell electric vehicles are anticipated to drive the hydrogen fuel cell industry. By 2023, it's expected that the majority of leading automakers will have fuel cell electric vehicles available locally, demonstrating the usefulness of this technology. Several automakers have started developing hydrogen fuel cell-powered fuel cell electric vehicles, or FCEVs: Hyundai, Toyota, Honda, Daimler, and BMW. These fuel cells are an entirely emission-free locomotive technology since they generate heat and water vapor. This has created opportunities for hydrogen fuel cells and produces.

Key Players

Siemens, H-Tec Systems Gmbh, Enapter, Hystar, Plug Power Inc, Cummins Inc, Dana Limited, Elringklinger Ag, and Others are important players in the electrolyser market.

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

1 EXECUTIVE SUMMARY

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

2 MARKET INTRODUCTION

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

3 RESEARCH METHODOLOGY

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

4 MARKET DYNAMICS

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

5 MARKET FACTOR ANALYSIS

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

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

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

7 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT

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

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

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

9 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY

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

10 COMPETITIVE LANDSCAPE

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

11 COMPANY PROFILES

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

12 APPENDIX

12.1 REFERENCES
12.2 RELATED REPORTS