Global Water Electrolysis Market is expected to grow at a significant CAGR in the upcoming years as the scope, Product Types and its applications are increasing across the globe. The cumulative demand for carbon free source of energy, and an active way of integrating renewable power with gas facilities are the factors driving the water electrolysis market. Water electrolysis is mostly used in the petroleum and chemical industry. Water Electrolysis Market is segmented, By Product Type into Proton Exchange Membrane, and Alkaline Water Electrolysis. Water Electrolysis Market is segmented, By Application into Power Plants, Electronics & Semiconductor, Pharmaceuticals, Chemical industry, Petroleum, and Others.
The “Chemical industry” segment accounts for the largest share and is expected to continue with the same during the upcoming period; thanks to increase in the use of water electrolysis by the chemical industry. Additionally, the “Petroleum” segment accounts for the second largest segment due to the increase in use and high investment in the field of research and development. Water Electrolysis Market is segmented, By Geographical Region into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Asia-Pacific is the largest and fastest growing segment, which is estimated to grow at the highest CAGR in the upcoming years. Improving economies and increasing consumers’ demand in developing countries such as India and China are expected to drive the growth of the water electrolysis market in Asia-Pacific region. North America accounts for the second largest share as it is largely dependent on the strength of economies. The availability of the cheap gas for the chemical manufacturers in North America is expected to drive higher in the upcoming period. Water Electrolysis Market Key Players include Siemens AG,Linde AG, Teledyne Energy System Inc.,Hydrogenics Corporation, Erre Due s.p.a, Proton Onsite, Air Products and Chemicals, Inc., Peak Scientific, Areva H2Gen.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Water Electrolysis in these regions, from 2012 to 2022 (forecast), covering
• North America
• Southeast Asia
Global Water Electrolysis market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• ThyssenKrupp Ag
• Siemens AG
• Air Products and Chemicals, Inc.
• Linde AG
• Teledyne Energy System Inc.
• Hydrogenics Corporation
• Peak Scientific
• Areva H2Gen
• Erre Due s.p.a
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Proton Exchange Membrane
• Alkaline Water Electrolysis
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Water Electrolysis for each application, including
• Electronics & Semiconductor
• Power Plants
Research Support Specialist, USA