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Global Hydrogen Electrolyzers Market 2019-2023 - Product Image

Global Hydrogen Electrolyzers Market 2019-2023

  • ID: 4791011
  • Report
  • June 2019
  • Region: Global
  • 121 pages
  • TechNavio
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FEATURED COMPANIES

  • Hydrogenics Corp.
  • ITM Power Plc
  • McPhy Energy SA
  • Nel ASA
  • Siemens AG
  • MORE
Global Hydrogen Electrolyzers Market: About this market

Hydrogen electrolyzers are used to generate hydrogen by breaking water into oxygen and hydrogen using electricity. The hydrogen electrolyzer market analysis considers the sales of alkaline hydrogen electrolyzers and PEM hydrogen electrolyzers. Our analysis also considers the sales of hydrogen electrolyzers in the Americas, APAC, and EMEA. In 2018, the alkaline segment had a significant share, and this trend is expected to continue over the forecast period. Factors such as stable operating environment will play a vital role in the alkaline segment to maintain its market position. Also, our global hydrogen electrolyzer market looks at factors such as integration of renewables with hydrogen electrolyzers, growing adoption of fuel-cell-powered vehicles, and rising demand for hydrogen electrolyzers from the industrial sector. However, competition from alternate technologies of hydrogen production, high cost of hydrogen production using electrolyzers, and infrastructure challenges associated with hydrogen refueling facilities may hamper the growth of the hydrogen electrolyzers industry over the forecast period.

Global Hydrogen Electrolyzers Market: Overview

Growing adoption of fuel cell-powered vehicles

Fuel cell technology is gaining popularity in the automotive sector and is being widely adopted by several EV and material handling equipment manufacturers. Unlike conventional batteries, fuel cell systems do not contain harmful materials. With the growth in the adoption of fuel cell vehicles, the demand for on-site hydrogen generation will increase. This is expected to accelerate the growth of the global hydrogen electrolyzer market size at a CAGR of over 8% during the forecast period.

Rising usage of fuel cells in the stationary power sector

Fuel cells have no moving parts, have a higher energy density and, thus require less maintenance and space. Moreover, they are not affected by changing weather conditions and provides reliable energy. The growing need for reliable power supplies in developed countries is expected to increase the adoption of fuel cells in the stationary power sector.

Competitive Landscape

With the presence of a few players, the global hydrogen electrolyzer market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several hydrogen electrolyzers manufacturers, that include Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG.

Also, the hydrogen electrolyzer market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all future growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Hydrogenics Corp.
  • ITM Power Plc
  • McPhy Energy SA
  • Nel ASA
  • Siemens AG
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Americas - Market size and forecast 2018-2023
  • EMEA - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 08: MARKET SEGMENTATION BY ELECTROLYZER TYPE
  • Market segmentation by electrolyzer type
  • Comparison by electrolyzer type
  • Alkaline - Market size and forecast 2018-2023
  • PEM - Market size and forecast 2018-2023
  • Market opportunity by electrolyzer type
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Increasing strategic partnerships
  • Growing focus on using clean hydrogen in refineries
  • Rising usage of fuel cells in stationary power sector
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Hydrogenics Corp.
  • ITM Power Plc
  • McPhy Energy SA
  • Nel ASA
  • Siemens AG
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
    Exhibit 01: Global hydrogen generation market
    Exhibit 02: Segments of global hydrogen generation market
    Exhibit 03: Market characteristics
    Exhibit 04: Market segments
    Exhibit 05: Market definition - Inclusions and exclusions checklist
    Exhibit 06: Market size 2018
    Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
    Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
    Exhibit 09: Five forces analysis 2018
    Exhibit 10: Five forces analysis 2023
    Exhibit 11: Bargaining power of buyers
    Exhibit 12: Bargaining power of suppliers
    Exhibit 13: Threat of new entrants
    Exhibit 14: Threat of substitutes
    Exhibit 15: Threat of rivalry
    Exhibit 16: Market condition - Five forces 2018
    Exhibit 17: Customer landscape
    Exhibit 18: Market share by geography 2018-2023 (%)
    Exhibit 19: Geographic comparison
    Exhibit 20: Americas - Market size and forecast 2018-2023 ($ millions)
    Exhibit 21: Americas - Year-over-year growth 2019-2023 (%)
    Exhibit 22: EMEA - Market size and forecast 2018-2023 ($ millions)
    Exhibit 23: EMEA - Year-over-year growth 2019-2023 (%)
    Exhibit 24: APAC - Market size and forecast 2018-2023 ($ millions)
    Exhibit 25: APAC - Year-over-year growth 2019-2023 (%)
    Exhibit 26: Key leading countries
    Exhibit 27: Market opportunity
    Exhibit 28: Electrolyzer type - Market share 2018-2023 (%)
    Exhibit 29: Comparison by electrolyzer type
    Exhibit 30: Alkaline - Market size and forecast 2018-2023 ($ millions)
    Exhibit 31: Alkaline - Year-over-year growth 2019-2023 (%)
    Exhibit 32: PEM - Market size and forecast 2018-2023 ($ millions)
    Exhibit 33: PEM - Year-over-year growth 2019-2023 (%)
    Exhibit 34: Market opportunity by electrolyzer type
    Exhibit 35: Impact of drivers and challenges
    Exhibit 36: Vendor landscape
    Exhibit 37: Landscape disruption
    Exhibit 38: Vendors covered
    Exhibit 39: Vendor classification
    Exhibit 40: Market positioning of vendors
    Exhibit 41: Hydrogenics Corp. - Vendor overview
    Exhibit 42: Hydrogenics Corp. - Business segments
    Exhibit 43: Hydrogenics Corp. - Organizational developments
    Exhibit 44: Hydrogenics Corp. - Geographic focus
    Exhibit 45: Hydrogenics Corp. - Segment focus
    Exhibit 46: Hydrogenics Corp. - Key offerings
    Exhibit 47: ITM Power Plc - Vendor overview
    Exhibit 48: ITM Power Plc - Organizational developments
    Exhibit 49: ITM Power Plc - Geographic focus
    Exhibit 50: ITM Power Plc - Key offerings
    Exhibit 51: McPhy Energy SA - Vendor overview
    Exhibit 52: McPhy Energy SA - Key offerings
    Exhibit 53: Nel ASA - Vendor overview
    Exhibit 54: Nel ASA - Business segments
    Exhibit 55: Nel ASA - Organizational developments
    Exhibit 56: Nel ASA - Geographic focus
    Exhibit 57: Nel ASA - Segment focus
    Exhibit 58: Nel ASA - Key offerings
    Exhibit 59: Siemens AG - Vendor overview
    Exhibit 60: Siemens AG - Business segments
    Exhibit 61: Siemens AG - Organizational developments
    Exhibit 62: Siemens AG - Geographic focus
    Exhibit 63: Siemens AG - Segment focus
    Exhibit 64: Siemens AG - Key offerings
    Exhibit 65: Validation techniques employed for market sizing
    Exhibit 66: Definition of market positioning of vendors
    Note: Product cover images may vary from those shown
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    FEATURED COMPANIES

    • Hydrogenics Corp.
    • ITM Power Plc
    • McPhy Energy SA
    • Nel ASA
    • Siemens AG
    • MORE
    The following companies are recognised as the key players in the global hydrogen electrolyzer market: Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG.

    Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising usage of fuel cells in the stationary power sector.”

    According to the report, one of the major drivers for this market is the growing adoption of fuel cell-powered vehicles.

    Further, the report states that one of the major factors hindering the growth of this market is the high cost of hydrogen production using electrolyzers.

    The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
    Note: Product cover images may vary from those shown
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    • Hydrogenics Corp.
    • ITM Power Plc
    • McPhy Energy SA
    • Nel ASA
    • Siemens AG
    Note: Product cover images may vary from those shown
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