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Global PEM Electrolyzer and MEA Component Market

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    Report

  • 109 Pages
  • June 2022
  • Region: Africa, Global, Middle East
  • BCC Research
  • ID: 5603653
The global PEM electrolyzer (PEMEL) market should grow from $737.6 million in 2022 to $4.3 billion by 2027 with a compound annual growth rate (CAGR) of 42.2% for the period of 2022-2027. 



The PEMEL market for hydrogen fueling stations should grow from $370.0 million in 2022 to $3.5 billion by 2027 with a compound annual growth rate (CAGR) of 56.9% for the period of 2022-2027. 

The PEMEL market for the chemical industry should grow from $99.6 million in 2022 to $183.9 million by 2027 with a compound annual growth rate (CAGR) of 13.1% for the period 2022-2027.


Report Scope

This report briefly covers the leading electrolyzer technologies used in the water electrolysis process. It analyzes the PEMEL market and its regional and application segments. The report also includes an analysis of key components and their estimated and forecast markets by region.

The Report Includes

  • 17 data tables and 26 additional tables
  • An overview of the global market for proton exchange membrane electrolyzer (PEMEL) and membrane electrode assembly (MEA) components and related technologies
  • Analyses of the global market trends, with market revenue (sales data) for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Evaluation and forecast the PEM Electrolyzer market size in value and volumetric means, and corresponding market share analysis segmented by type, component, application, and region
  • Identification of viable technology drivers through a holistic review of leading electrolyzer technologies for new and existing applications in hydrogen refueling stations, refineries, and the chemicals industry
  • Assessment of major driving factors, trends, opportunities and challenges in this innovation-driven market, with emphasis on recent developments in the PEM electrolyzer industry
  • Estimation of the actual market size and revenue forecasts for PEMEL and MEA components used as hydrogen generation systems, their regional and application segments markets
  • Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
  • Descriptive company profiles of the leading PEM electrolyzers manufacturers, including ITM Power, 3M, SGL, Siemens Energy, BASF and Toray

Table of Contents

Chapter 1 Introduction
  • Study Goals and Objectives
  • Scope of Report
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Electrolyzer Industry Overview
  • PEM Electrolyzer Market
  • Market for PEM Electrolyzer MEA Components
  • PEM Electrolyzer Market by Segment
  • Market Forecast
  • Electrolyzer Market
Chapter 4 Market and Technology Overview
  • Technical Overview
  • Electrolyzers
  • Key Components of Electrolyzers
  • Market Overview
  • Value Chain
  • Government Policies
Chapter 5 PEM Electrolyzer Components and Markets
  • Key Components
  • Membrane Electrode Assembly
  • Stack Assembly Lines
  • Catalyst Coated Membranes
  • Porous Transport Layer
  • Bipolar Plates
  • Economies of Scale
  • Key Materials in PEM Electrolyzers
  • Platinum
  • Iridium
Chapter 6 PEM Electrolyzer Market by Application
  • Hydrogen Fueling Stations
  • Chemical Industry
  • Refineries
  • Other Applications
Chapter 7 Market Breakdown by Region
  • War Analysis
  • Russia-Ukraine War
  • Tension Between China and Taiwan
  • Asia-Pacific
  • Europe
  • North America
  • Rest of the World
Chapter 8 Large-Scale Orders and Installations
Chapter 9 Company Profiles
  • PEM Electrolyzer and Component Manufacturers
  • Company Profiles PEM Electrolyzer Manufacturers
  • Areva H2Gen (Acquired By Gtt)
  • Asahi Kasei
  • Carbotech
  • Chengdu Vertex Industry Co. Ltd.
  • Cummins Inc.
  • Denora
  • Elogen (Acquired By Gtt)
  • Erredue Spa
  • Giner Elx (Acquired By Plug Power)
  • Green H2 Systems
  • Hele Titanium
  • Hiat Ggmbh
  • Honda
  • Hytron
  • Igas Energy Plc
  • Ineos
  • ITM Power
  • Kobelco
  • Man Energy (H-Tec)
  • Nel Hydrogen
  • Ohmium International
  • Peak Scientific
  • Plug Power Inc.
  • Siemens Energy
  • Company Profiles Of Component Manufacturers
  • 3M
  • Advent
  • Avcarb
  • Ballard Power Systems
  • Basf
  • Chemours Co.
  • Freudenberg
  • Greenerity3(Subsidiary Of Toray)
  • Heraeus
  • Hyplat
  • Ion Power
  • IRD Fuel Technology
  • Johnson Matthey
  • Mitsubishi Chemical Corp.
  • SGL Carbon
  • Solvay
  • Tanaka Precious Metals
  • Toray
  • Umicore
  • W. L. Gore & Associates, Inc.
List of Tables
Summary Table: Global PEMEL Market, by Application, Through 2027
Table A: Report Resources
Table 1: MEA Component Market
Table 2: Global Electrolyzer Market, by Technology, 2020
Table 3: Key Characteristics of Alkaline Electrolyzers
Table 4: Key Characteristics of PEM Electrolyzers
Table 5: Key Characteristics of SOEC Electrolyzers
Table 6: Key Characteristics of AEM Electrolyzers
Table 7: Electrolyzer Components and Materials
Table 8: Key Hydrogen and Electrolyzer Initiatives
Table 9: Key Hydrogen R&D Programs
Table 10: Key Manufacturers of PEM Electrolyzer Components
Table 11: Global PEMEL Market, by MEA Component, Through 2027
Table 12: Global PEMEL Market, by Application, Through 2027
Table 13: Global PEMEL Market in HFS, by Region, Through 2027
Table 14: Key HFS Technologies and Associated Cost Analysis
Table 15: HFS Projects Referred to in the Report
Table 16: Global PEMEL Market in Chemical Industry, Through 2027
Table 17: Chemical Production Projects Referred to in the Report
Table 18: European PEMEL Market in Refinery Industry, Through 2027
Table 19: Refinery Projects Referred to in the Report
Table 20: Global PEMEL Market in Other Applications, by Region, Through 2027
Table 21: Other Application Projects Referred to in the Report
Table 22: Global PEM Electrolyzers Market, by Region, Through 2027
Table 23: APAC PEMEL Market, by Application, Through 2027
Table 24: PEM Electrolyzer Projects in APAC, by Country, 2019-2028
Table 25: PEM Electrolyzer Projects in APAC, by Application, 2019-2028
Table 26: EU PEMEL Market, by Application, Through 2027
Table 27: PEM Electrolyzer Projects in EU, by Country, 2019-2030
Table 28: PEM Electrolyzer Projects in EU, by Application, 2019-2030
Table 29: Planned and Announced PEMEL Projects in the U.S., by Capacity, June 2021
Table 30: North American PEMEL Market, by Application, Through 2027
Table 31: PEM Electrolyzer Projects in North America, by Country, 2019-2025
Table 32: PEM Electrolyzer Projects in North America, by Application, 2019-2025
Table 33: RoW PEMEL Market, by Application, Through 2027
Table 34: PEM Electrolyzer Projects in RoW, by Country, 2021-2024
Table 35: PEM Electrolyzer Projects in RoW, by Application, 2021-2024
Table 36: Publicly Disclosed Large-Scale Orders and Installations
Table 37: PEM Electrolyzer Manufacturers’ Headquarters and Manufacturing Locations
Table 38: Component Manufacturers Headquarters and Manufacturing Locations
Table 39: ITM Power: Products Offered
Table 40: 3M: Financial Performance, Through 2021
Table 41: SGL: Financial Performance, Through 2021
List of Figures
Summary Figure: Global PEMEL Market, by Application, 2021-2027
Figure 1: PEM Electrolyzer Market Estimate
Figure 2: Stage 1: PEM Electrolyzer Component Cost Summary
Figure 3: Stage 2-MEA Components: PEM Electrolyzer Component Cost Summary
Figure 4: MEA Component Share in PEM Electrolyzer Cost
Figure 5: Global Electrolyzer Market Volume, by Type, 2015-2020
Figure 6: Global Electrolyzer Market Volume, by Region/Country, 2015-2020
Figure 7: New Electrolyzer Capacity Based on Projects Under Construction or Planned, by Region/Country, 2021-2030
Figure 8: Alkaline Electrolyzer
Figure 9: PEM Electrolyzer
Figure 10: Solid Oxide Electrolyzer
Figure 11: AEM Electrolyzer
Figure 12: PEM Electrolyzer Component Costs, by Percentage
Figure 13: Water Electrolysis System with PEM Technology
Figure 14: PEM Electrolyzer Components and Materials
Figure 15: PEM Electrolyzer 1 MW System Cost Analysis
Figure 16: PEM Electrolyzer 1 MW System Cost Reduction Potential
Figure 17: PEM Electrolyzer Value Chain
Figure 18: Electrolyzer Value Chain Trends, 2020-2030
Figure 19: PEM MEA Design
Figure 20: Semi-Automatic Stack Assembly Line
Figure 21: Catalyst Deposition Using Spray Coating
Figure 22: Powder Metallurgy Process for Producing Titanium Felts Used in the PTL
Figure 23: Production Process for Metal Bipolar Plates
Figure 24: Economies of Scale for CCM (1)
Figure 25: Economies of Scale for CCM (2)
Figure 26: Economies of Scale for PTL (1)
Figure 27: Economies of Scale for PTL (2)
Figure 28: Carbon Cloth and Ti-Based PTL Cost
Figure 29: Economies of Scale for Stack Cost (1)
Figure 30: Economies of Scale for Stack Cost (2)
Figure 31: Economies of Scale for PEM System Cost (1)
Figure 32: Economies of Scale for PEM System Cost (2)
Figure 33: Platinum Demand and Returns, Conservative Scenario [kg/a]
Figure 34: Platinum Demand and Returns, Progressive Scenario [kg/a]
Figure 35: Iridium Demand and Returns, Conservative Scenario [kg/a]
Figure 36: Iridium Demand and Returns, Progressive Scenario [kg/a]
Figure 37: Electrolyzer Applications, by Technology
Figure 38: Ammonia Production Using PEM Electrolyzers
Figure 39: Ammonia Production Using PEM Electrolyzers
Figure 40: Global Hydrogen Production Forecast, by Technology, 2020-2050
Figure 41: Global Electrolyzer Manufactured Capacity, by Technology, 2020-2050
Figure 42: Top 5 PGM Exporters and Their Share in Global Export
Figure 43: Top 5 Exporters of Electrolyzers and Their Share in Global Export
Figure 44: Top 5 Importers of Electrolyzers and Their Share in Global Import
Figure 45: Sites of U.S. PEM Electrolyzers, Installed and Planned, June 2021
Figure 46: U.S. Hydrogen Production Forecast, by Technology, 2020-2050
Figure 47: North American Manufacturer Electrolyzer Capacity, by Technology, 2020-2050
Figure 48: 3M: Revenue Share, by Segment, 2021
Figure 49: 3M: Revenue Share, by Region, 2021

Executive Summary

Electrolysis is a method of sorting out water into hydrogen and oxygen utilizing an electrolyzer. To enhance the conductivity of the water and increase process efficiency, an electrolyte such as salt is generally added. The chemical connection between hydrogen and oxygen is broken when the charge is delivered, and hydrogen ions congregate at the electrolyzer cathode. 

The global electrolyzer market value in terms of installed and manufacturing capacity (megawatts) was extrapolated from research articles, white papers, government documents and other sources using extensive secondary research.

Companies Mentioned

  • 3M
  • Advent
  • Areva H2Gen (Acquired By GTT)
  • Asahi Kasei
  • Avcarb
  • Ballard Power Systems
  • BASF
  • Carbotech
  • Chemours Co.
  • Chengdu Vertex Industry Co. Ltd.
  • Cummins Inc.
  • Denora
  • Elogen (Acquired By GTT)
  • Erredue Spa
  • Freudenberg
  • Giner Elx (Acquired By Plug Power)
  • Green H2 Systems
  • Greenerity3 (Subsidiary Of Toray)
  • Hele Titanium
  • Heraeus
  • Hiat Ggmbh
  • Honda
  • Hyplat
  • Hytron
  • Igas Energy Plc
  • Ineos
  • Ion Power
  • IRD Fuel Technology
  • ITM Power
  • Johnson Matthey
  • Kobelco
  • Man Energy (H-Tec)
  • Mitsubishi Chemical Corp.
  • NEL Hydrogen
  • Ohmium International
  • Peak Scientific
  • Plug Power Inc.
  • SGL Carbon
  • Siemens Energy
  • Solvay
  • Tanaka Precious Metals
  • Toray
  • Umicore
  • W. L. Gore & Associates, Inc.

Table Information