Market Overview:
The global PEM water electrolysis market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogen as a fuel source and rising concerns about climate change. The global PEM water electrolysis market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into small-scale type, medium-scale type, and large-scale type. On the basis of application, the market can be classified into power plants, steel plant, electronics and photovoltaics (PV), industrial gases production (IGP), energy storage or fueling for fuel cell electric vehicles (FCEVs), and others. Regionally speaking, North America is anticipated to lead in terms of revenue generation in 2018 owing to high adoption rates across various industries such as automotive & transportation; stationary power; chemicals; oil & gas refining & petrochemicals; food processing; metals production; pulp & paper mills etc.
Product Definition:
PEM water electrolysis is the process of breaking down water molecules into hydrogen and oxygen gas through an electric current. The hydrogen gas can then be used as a fuel source, while the oxygen gas can be used for combustion or to create other products. PEM water electrolysis is important because it is a cost-effective and environmentally friendly way to produce hydrogen gas.
Small Scale Type:
Small-scale type is used for the production of hydrogen and oxygen by water electrolysis. It has a capacity between 1 to 10 MWh, which makes it one of the most popular choices among end-use industries such as fuel cells, electricity generation, transportation & logistics and others. The growth in these sectors along with favorable government regulations will boost market growth over the forecast period.
Middle Scale Type:
Middle scale type is used in PEM water electrolysis market for the production of hydrogen and oxygen. It is also used as a fuel in gas engines. The major application of middle scale type includes power generation, methanol production, and fuel cell applications. Middle-scale types are mainly classified into two categories namely small (less than 50 MW) & large (more than 300 MW).
Application Insights:
The power plants application segment accounted for the largest revenue share of over 40% in 2017. The growth is attributed to the rising demand for electricity in countries, such as China, India and Japan. In addition, increasing government initiatives towards promoting renewable energy are expected to drive the demand further.
Electrolysis process can be used to produce water from seawater and mine water which has high salt content making it suitable for industrial purposes including steel production and manufacturing of chemicals or desalination of brackish or freshwater into potable water using an electrolytic cell plant at a lower cost compared with other sources such as solar power or wind energy. This factor is anticipated to fuel product demand from various end-use industries over the forecast period thereby propelling market growth across regions during the study period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large number of small-scale players as well as large-scale players. China, Japan, South Korea, Taiwan are some of the countries with high penetration rate for PEM water electrolysis owing to availability of low-cost labor and raw materials coupled with favorable government policies supporting industrial development in these countries.
The Middle East & Africa is anticipated to be one of fastest growing regional markets from 2018 to 2030 due to increasing awareness regarding environment protection along with rising focus on alternative sources for electricity generation especially during peak demand hours which would help reduce carbon footprint associated with conventional fossil fuel based power plants. In addition, increasing investments by foreign companies particularly in oil & gas industry are anticipated boost growth over next eight years time frame.
Growth Factors:
- Increasing demand for hydrogen as a fuel source
- Growing popularity of fuel cells as a power source
- Rising concerns over climate change and air pollution
- Government initiatives to promote the use of renewable energy sources
- Technological advancements in water electrolysis
Scope Of The Report
Report Attributes
Report Details
Report Title
PEM Water Electrolysis Market Research Report
By Type
Small Scale Type, Middle Scale Type, Large Scale Type
By Application
Power Plants, Steel Plant, Electronics and Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Others
By Companies
Proton On-Site, Teledyne Energy Systems, Suzhou Jingli, Hydrogenics, McPhy, Areva H2gen, ITM, Elchemtech, Siemens, Toshiba
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global PEM Water Electrolysis Market Report Segments:
The global PEM Water Electrolysis market is segmented on the basis of:
Types
Small Scale Type, Middle Scale Type, Large Scale Type
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
Power Plants, Steel Plant, Electronics and Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, 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:
- Proton On-Site
- Teledyne Energy Systems
- Suzhou Jingli
- Hydrogenics
- McPhy
- Areva H2gen
- ITM
- Elchemtech
- Siemens
- Toshiba
Highlights of The PEM Water Electrolysis 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:
- Small Scale Type
- Middle Scale Type
- Large Scale Type
- By Application:
- Power Plants
- Steel Plant
- Electronics and Photovoltaics
- Industrial Gases
- Energy Storage or Fueling for FCEV's
- 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 PEM Water Electrolysis 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
PEM water electrolysis is a process that uses an electric current to break down water into hydrogen and oxygen gas. This process can be used to produce clean, renewable energy.
Some of the key players operating in the pem water electrolysis market are Proton On-Site, Teledyne Energy Systems, Suzhou Jingli, Hydrogenics, McPhy, Areva H2gen, ITM, Elchemtech, Siemens, Toshiba.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. PEM Water Electrolysis Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. PEM Water Electrolysis Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. PEM Water Electrolysis Market - Supply Chain
4.5. Global PEM Water Electrolysis Market Forecast
4.5.1. PEM Water Electrolysis Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. PEM Water Electrolysis Market Size (000 Units) and Y-o-Y Growth
4.5.3. PEM Water Electrolysis Market Absolute $ Opportunity
5. Global PEM Water Electrolysis Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. PEM Water Electrolysis Market Size and Volume Forecast by Type
5.3.1. Small Scale Type
5.3.2. Middle Scale Type
5.3.3. Large Scale Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global PEM Water Electrolysis Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. PEM Water Electrolysis Market Size and Volume Forecast by Application
6.3.1. Power Plants
6.3.2. Steel Plant
6.3.3. Electronics and Photovoltaics
6.3.4. Industrial Gases
6.3.5. Energy Storage or Fueling for FCEV's
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global PEM Water Electrolysis Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. PEM Water Electrolysis Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global PEM Water Electrolysis Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. PEM Water Electrolysis Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global PEM Water Electrolysis Demand Share Forecast, 2019-2026
9. North America PEM Water Electrolysis Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America PEM Water Electrolysis Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America PEM Water Electrolysis Market Size and Volume Forecast by Application
9.4.1. Power Plants
9.4.2. Steel Plant
9.4.3. Electronics and Photovoltaics
9.4.4. Industrial Gases
9.4.5. Energy Storage or Fueling for FCEV's
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America PEM Water Electrolysis Market Size and Volume Forecast by Type
9.7.1. Small Scale Type
9.7.2. Middle Scale Type
9.7.3. Large Scale Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America PEM Water Electrolysis Demand Share Forecast, 2019-2026
10. Latin America PEM Water Electrolysis Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America PEM Water Electrolysis Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America PEM Water Electrolysis Market Size and Volume Forecast by Application
10.4.1. Power Plants
10.4.2. Steel Plant
10.4.3. Electronics and Photovoltaics
10.4.4. Industrial Gases
10.4.5. Energy Storage or Fueling for FCEV's
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America PEM Water Electrolysis Market Size and Volume Forecast by Type
10.7.1. Small Scale Type
10.7.2. Middle Scale Type
10.7.3. Large Scale Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America PEM Water Electrolysis Demand Share Forecast, 2019-2026
11. Europe PEM Water Electrolysis Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe PEM Water Electrolysis Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe PEM Water Electrolysis Market Size and Volume Forecast by Application
11.4.1. Power Plants
11.4.2. Steel Plant
11.4.3. Electronics and Photovoltaics
11.4.4. Industrial Gases
11.4.5. Energy Storage or Fueling for FCEV's
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe PEM Water Electrolysis Market Size and Volume Forecast by Type
11.7.1. Small Scale Type
11.7.2. Middle Scale Type
11.7.3. Large Scale Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe PEM Water Electrolysis Demand Share, 2019-2026
12. Asia Pacific PEM Water Electrolysis Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific PEM Water Electrolysis Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific PEM Water Electrolysis Market Size and Volume Forecast by Application
12.4.1. Power Plants
12.4.2. Steel Plant
12.4.3. Electronics and Photovoltaics
12.4.4. Industrial Gases
12.4.5. Energy Storage or Fueling for FCEV's
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific PEM Water Electrolysis Market Size and Volume Forecast by Type
12.7.1. Small Scale Type
12.7.2. Middle Scale Type
12.7.3. Large Scale Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific PEM Water Electrolysis Demand Share, 2019-2026
13. Middle East & Africa PEM Water Electrolysis Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa PEM Water Electrolysis Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa PEM Water Electrolysis Market Size and Volume Forecast by Application
13.4.1. Power Plants
13.4.2. Steel Plant
13.4.3. Electronics and Photovoltaics
13.4.4. Industrial Gases
13.4.5. Energy Storage or Fueling for FCEV's
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa PEM Water Electrolysis Market Size and Volume Forecast by Type
13.7.1. Small Scale Type
13.7.2. Middle Scale Type
13.7.3. Large Scale Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa PEM Water Electrolysis Demand Share, 2019-2026
14. Competition Landscape
14.1. Global PEM Water Electrolysis Market: Market Share Analysis
14.2. PEM Water Electrolysis Distributors and Customers
14.3. PEM Water Electrolysis Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Proton On-Site
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Teledyne Energy Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Suzhou Jingli
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hydrogenics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. McPhy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Areva H2gen
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ITM
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Elchemtech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Siemens
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Toshiba
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
