Author: Himanshu Patni
10 February 2023
The Green Hydrogen Electrolyzers Market is expected to grow at a CAGR of 16% from 2022-2028. Green hydrogen is the production of hydrogen by water electrolysis, so the electricity is sourced from zero-carbon (renewable) energies. Electrolysis is the process of utilizing electricity to split water into hydrogen and oxygen. The different processes used for hydrogen production include traditional alkaline electrolysis, solid oxide, and PEM electrolysis. The technical and economic advantages of hydrogen electrolyzer include producing pure hydrogen, and producing hydrogen on-site, and is expected to be a low-cost method for producing highly efficient hydrogen during the foreseeable future.
For a detailed analysis of the Global Green Hydrogen Electrolyzers Market browse through – https://univdatos.com/report/green-hydrogen-electrolyzers-market/
Based on the technology, the green hydrogen electrolyzer market is segmented into Alkaline electrolyzers, PEM electrolyzers, and SO electrolyzers. The PEM electrolyzer captured a substantial share of the global green hydrogen electrolyzer market. It is mainly owing to its high current densities, compact system design, and rapid response toward current fluctuations. The ongoing adoption of various policies and norms by developing nations to increase the share of renewables in the overall energy mix is set to boost product adoption. Moreover, growing electricity demand along with the increasing deployment of green hydrogen generation methods will further facilitate business growth. However, the introduction of government policies to promote clean energy sources along with shifting consumer focus toward the reduction of carbon footprints will favor the alkaline electrolyzer.
Based on capacity, the green hydrogen electrolyzer market is classified into ≤ 500 kW, > 500 kW – 2 MW and Above 2 MW. The electrolyzer with a capacity > 500 kW to 2MW dominated the market share owing to ongoing electrification programs across off-grid/rural areas along with growing industrialization will fuel the market outlook. For instance: in Jan 2021, Cummins installed 20MW PEM electrolyzer to Air Liquide for a green hydrogen production facility in Bécancour, Québec. The Cummins PEM electrolyzer can produce more than 3,000 tons of hydrogen annually using clean hydropower.
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For a better understanding of the market adoption of the Green Hydrogen Electrolyzers industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), of World. Europe is anticipated to grow at a substantial CAGR during the forecast period. This is mainly attributed to the de-carbonization strategy of the European Commission which is part of the EU Green deal and includes the latest push of the region for wider adoption of low-carbon technologies including clean hydrogen. The European Commission is setting up a “Hydrogen Energy Network” with the help of an informal group of experts composed of representatives from the ministries who oversee energy policies in the EU member states. The “hydrogen Initiative” declaration has been signed by 28 countries promoting the usage of sustainable hydrogen technologies. This aims to accelerate the H2 technologies market in energy and transport.
Some of the major players operating in the market include Green Hydrogen, Areva H2gen, Giner Inc., Enapter S.r.l., MVS Engineering Pvt. Ltd, Pure Energy Centre, Cummins Inc., ITM Power plc, McPhy Energy S.A, and Siemens AG.
Global Green Hydrogen Electrolyzers Market Segmentation
Market Insight, by Technology
· Alkaline Electrolyzer
· PEM Electrolyzer
· SO Electrolyzer
Market Insight, by Capacity
· ≤ 500 kW
· > 500 kW – 2 MW
· Above 2 MW
Market Insight, by Application
· Power Generation
· Transportation
· Industry Energy
· Industry Feedstock
· Building Heating & Power
· Others
Market Insight, by Region
· North America
o United States
o Canada
o Rest of North America
· Europe
o Germany
o The United Kingdom
o France
o Italy
o Spain
o Rest of Europe
· Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
· Rest of the World
Top Company Profiles
· Green Hydrogen
· Areva H2gen
· Giner Inc.
· Enapter S.r.l.
· MVS Engineering Pvt. Ltd
· Pure Energy Centre
· Cummins Inc.
· ITM Power plc
· McPhy Energy S.A
· Siemens AG
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