Industry Background:
Water electrolysis is the decomposition of water which is used to generate oxygen for the international space station. In this process, electricity is passed through water and form oxygen and hydrogen. The major purpose of water electrolysis is to generate hydrogen and used for manufacturing fertilizer, methanol, ammonia, among others. It is widely used in various industries such as chemicals and electronics & semiconductor industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | ThyssenKrupp AG (Germany), The Linde Group (Ireland), Toshiba Corporation (Japan), Air Products and Chemicals, Inc. (United States), Siemens AG (Germany), Proton Energy Systems, Inc. (United States), Teledyne Energy Systems Inc. (United States), AREVA H2Gen (France), Hydrogenics Corporation (Canada) and Erre Due SpA (Italy) |
This growth is primarily driven by Rising Demand of Renewable Source of Energy and Growing Demand of Carbon-Free Source of Energy and Government Regulations in Desulphurization.
Globally, a noticeable market trend is evident Increase in the Use of Water Electrolysis in End-Use Industries The Industrial Machinery sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as ThyssenKrupp AG (Germany), The Linde Group (Ireland), Toshiba Corporation (Japan), Air Products and Chemicals, Inc. (United States), Siemens AG (Germany), Proton Energy Systems, Inc. (United States), Teledyne Energy Systems Inc. (United States), AREVA H2Gen (France), Hydrogenics Corporation (Canada) and Erre Due SpA (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is highly fragmented with the presence of various players in the market. Some of the major players which are operating in the market are ThyssenKrupp AG (Germany), The Linde Group (Ireland), Air Products and Chemicals, Inc. (United States), among others.
In July 2018, the ThyssenKrupp AG (Germany) company has launched advanced water electrolysis, which splitting water into hydrogen and oxygen. Hence, this launch will increase the product portfolio of the company.
Influencing Trend:
Increase in the Use of Water Electrolysis in End-Use Industries
Market Growth Drivers:
Rising Demand of Renewable Source of Energy and Growing Demand of Carbon-Free Source of Energy and Government Regulations in Desulphurization
Challenges:
Upsurge the Cost of Water Electrolyze
Restraints:
Availability of substitutes and High Energy Consumption of Hydrogen Generation Technologies
Opportunities:
Highly Development of Green Hydrogen Production Technologies and Growing Government Support for Water Electrolysis R&D
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Water Electrolysis Market
- Analysis about New Entrants in Water Electrolysis Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Water Electrolysis Study Sheds Light on
The Water Electrolysis Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Water Electrolysis industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Water Electrolysis industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.