Market Overview:
The global water electrolysis machine market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogen and oxygen in various applications such as chemical, petroleum, pharmaceuticals, power plants, electronics and semiconductors, steel plants and others. Additionally, the growing awareness about the benefits of alkaline water is also propelling the growth of this market. However, high installation cost may restrain the growth of this market during the forecast period. On basis of type, proton exchange membrane (PEM) held a major share in 2017 and is expected to maintain its dominance during the forecast period from 2018 to 2030. This can be attributed to its features such as high efficiency and low operating cost when compared with other types of electrolyzers available in the market.
Product Definition:
The water electrolysis machine is a device that is used to produce hydrogen and oxygen gas from water. The importance of the water electrolysis machine is that it can be used to produce hydrogen gas for fuel cells or for other applications.
Proton Exchange Membrane:
A proton exchange membrane (PEM) is a type of semiconductor with an electrical double layer formed between the inner and outer surfaces of a polymer electrolyte. The process takes place in two stages, namely, phase-transition and solid-state diffusion. In the first stage, water molecules interact with an external electric field to form H+ ions; these ions move through the membrane towards the second stage.
Alkaline Water Electrolysis:
Alkaline water (AWE) is produced by the electrolysis of water using a high voltage. The process takes place in two stages; first, the acidity or pH of the water is raised to 8.0 with the help of sodium hydroxide and then it is lowered to 7.2-7.4 with calcium carbonate or calcium hydrogenate as an alkalizer).
Application Insights:
The power plants segment dominated the global water electrolysis machine market in terms of revenue in 2017. The growth can be attributed to increasing demand for electricity from various industrial sectors such as oil and gas, pulp and paper, chemical, steel manufacturing, etc. Moreover, growing focus on renewable energy generation is expected to boost the product demand over the forecast period.
Electronics and semiconductors accounted for a significant share of 11% in 2017 owing to rising demand for clean room technology across several end-use industries such as pharmaceuticals and food processing which require low levels of contamination during production activities. In addition, growing electronics industry particularly in Asia Pacific coupled with rising awareness regarding clean room technology is anticipated to propel industry growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of manufacturers coupled with increasing demand for water electrolysis machines from emerging economies such as China, India, and Japan is anticipated to drive growth. In addition, rising awareness regarding environment-friendly technologies among consumers is likely to contribute toward industry growth in this region.
The Middle East & Africa region accounted for a significant share owing to increasing focus on oil & gas exploration activities in countries such as Saudi Arabia and UAE. In addition, growing power generation sector due to rapid urbanization across several African nations is projected favorably impact industry growth over the next eight years. However, stringent environmental regulations by various regulatory bodies may pose a challenge for market expansion over the coming years.
North America emerged as one of the prominent regional markets due to high petroleum refining capacity along with chemical manufacturing sector present across U S A.
Growth Factors:
- Increasing demand for hydrogen as a fuel source
- Growing popularity of fuel cells
- Rising concerns over climate change and air pollution
- Government initiatives to promote clean energy technologies
- Technological advancements in water electrolysis machines
Scope Of The Report
Report Attributes
Report Details
Report Title
Water Electrolysis Machine Market Research Report
By Type
Proton Exchange Membrane, Alkaline Water Electrolysis, Others
By Application
Chemical, Petroleum, Pharmaceuticals, Power Plants, Electronics and Semiconductors, Steel Plants, Others
By Companies
Air Products and Chemicals, Inc., AREVA H2Gen, Asahi Kasei Corporation, C and E Environmental Technology Co., Ltd., Enagic International, Inc., ITM Power Plc., ErreDue spa, Hitachi Zosen Corporation, Hydrogenics Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Water Electrolysis Machine Market Report Segments:
The global Water Electrolysis Machine market is segmented on the basis of:
Types
Proton Exchange Membrane, Alkaline Water Electrolysis, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical, Petroleum, Pharmaceuticals, Power Plants, Electronics and Semiconductors, Steel Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Air Products and Chemicals, Inc.
- AREVA H2Gen
- Asahi Kasei Corporation
- C and E Environmental Technology Co., Ltd.
- Enagic International, Inc.
- ITM Power Plc.
- ErreDue spa
- Hitachi Zosen Corporation
- Hydrogenics Corporation
Highlights of The Water Electrolysis Machine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Proton Exchange Membrane
- Alkaline Water Electrolysis
- Others
- By Application:
- Chemical
- Petroleum
- Pharmaceuticals
- Power Plants
- Electronics and Semiconductors
- Steel Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water Electrolysis Machine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Water electrolysis machine is a device that uses electricity to break water into hydrogen and oxygen gas. This process produces clean, safe drinking water from sources such as lakes, rivers, or groundwater.
Some of the major companies in the water electrolysis machine market are Air Products and Chemicals, Inc., AREVA H2Gen, Asahi Kasei Corporation, C and E Environmental Technology Co., Ltd., Enagic International, Inc., ITM Power Plc., ErreDue spa, Hitachi Zosen Corporation, Hydrogenics Corporation.
The water electrolysis machine market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Water Electrolysis Machine Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Water Electrolysis Machine Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Water Electrolysis Machine Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Water Electrolysis Machine Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Water Electrolysis Machine Market Size & Forecast, 2020-2028 4.5.1 Water Electrolysis Machine Market Size and Y-o-Y Growth 4.5.2 Water Electrolysis Machine Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Proton Exchange Membrane
5.2.2 Alkaline Water Electrolysis
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical
6.2.2 Petroleum
6.2.3 Pharmaceuticals
6.2.4 Power Plants
6.2.5 Electronics and Semiconductors
6.2.6 Steel Plants
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Water Electrolysis Machine Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Water Electrolysis Machine Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Proton Exchange Membrane
9.6.2 Alkaline Water Electrolysis
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical
9.10.2 Petroleum
9.10.3 Pharmaceuticals
9.10.4 Power Plants
9.10.5 Electronics and Semiconductors
9.10.6 Steel Plants
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Proton Exchange Membrane
10.6.2 Alkaline Water Electrolysis
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical
10.10.2 Petroleum
10.10.3 Pharmaceuticals
10.10.4 Power Plants
10.10.5 Electronics and Semiconductors
10.10.6 Steel Plants
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Proton Exchange Membrane
11.6.2 Alkaline Water Electrolysis
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical
11.10.2 Petroleum
11.10.3 Pharmaceuticals
11.10.4 Power Plants
11.10.5 Electronics and Semiconductors
11.10.6 Steel Plants
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Proton Exchange Membrane
12.6.2 Alkaline Water Electrolysis
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical
12.10.2 Petroleum
12.10.3 Pharmaceuticals
12.10.4 Power Plants
12.10.5 Electronics and Semiconductors
12.10.6 Steel Plants
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Proton Exchange Membrane
13.6.2 Alkaline Water Electrolysis
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical
13.10.2 Petroleum
13.10.3 Pharmaceuticals
13.10.4 Power Plants
13.10.5 Electronics and Semiconductors
13.10.6 Steel Plants
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Water Electrolysis Machine Market: Competitive Dashboard
14.2 Global Water Electrolysis Machine Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Air Products and Chemicals, Inc.
14.3.2 AREVA H2Gen
14.3.3 Asahi Kasei Corporation
14.3.4 C and E Environmental Technology Co., Ltd.
14.3.5 Enagic International, Inc.
14.3.6 ITM Power Plc.
14.3.7 ErreDue spa
14.3.8 Hitachi Zosen Corporation
14.3.9 Hydrogenics Corporation