Report Feature
Water Electrolysis Market Trends and Forecast
The future of the water electrolysis market looks promising with opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets. The global water electrolysis market is expected to grow with a CAGR of 32% to 34% from 2023 to 2028. The major drivers for this market are growing demand for hydrogen fuel cell vehicles, rising demand of carbon-free source of energy, and increasing usage of water electrolysis in end use industries.
The future of the water electrolysis market looks promising with opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets. The global water electrolysis market is expected to grow with a CAGR of 32% to 34% from 2023 to 2028. The major drivers for this market are growing demand for hydrogen fuel cell vehicles, rising demand of carbon-free source of energy, and increasing usage of water electrolysis in end use industries.
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Water Electrolysis Market by Segment
The study includes a forecast for the global water electrolysis market by product, input power, hydrogen production, end use industry, and region, as follows:
Water Electrolysis Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
The study includes a forecast for the global water electrolysis market by product, input power, hydrogen production, end use industry, and region, as follows:
Water Electrolysis Market by Product [Value ($B) Shipment Analysis from 2017 to 2028]:
- Proton Exchange Membrane
- Alkaline Water Electrolysis
- Solid Oxide Electrolyzer Cell
- Anion Exchange Membrane
- Others
Water Electrolysis Market by Input Power [Value ($B) Shipment Analysis from 2017 to 2028]:
- Below 2 kW
- 2 kW to 5 kW
- Above 5 kW
Water Electrolysis Market by Hydrogen Production [Value ($B) Shipment Analysis from 2017 to 2028]:
- Below 500
- 500 to 2000
- Above 2000
Water Electrolysis Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
- Chemical
- Petroleum
- Pharmaceutical
- Power Plant
- Electronics & Semiconductor
- Steel Plant
- Others
Water Electrolysis Market by Region [Value ($B) shipment analysis for 2017-2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Water Electrolysis Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water electrolysis companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the water electrolysis companies profiled in this report include.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies water electrolysis companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the water electrolysis companies profiled in this report include.
- Air Products and Chemicals
- AREVA H2Gen
- Asahi Kasei Corporation
- C&E Environmental Technology
- Enagic International
- Eneco Holdings
- ErreDue spa
Water Electrolysis Market Insights
- Lucintel forecasts that alkaline water electrolysis will remain the largest segment over the forecast period due to its benefits such as, higher rate of hydrogen production, more compact design, and superior energy efficiency.
- Transportation is expected to witness highest growth due to the growing usage of hydrogen in automotive sector to power cars and trucks and also the use of hydrogen fuel cells lower the carbon emissions hence, driving the growth of water electrolysis market.
- North America will remain the largest region due to the rising usage of hydrogen as an alternative renewable fuel, increasing preference for zero emission vehicles, and high efficiency of fuel cells. This also led towards construction of infrastructure to support hydrogen as an alternative renewable fuel source in this region.
Features of the Water Electrolysis Market
- Market Size Estimates: Water electrolysis market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Water electrolysis market size by various segments, such as by product, input power, hydrogen production, end use industry, and region
- Regional Analysis: Water electrolysis market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different product, input power, hydrogen production, end use industry, and regions for the water electrolysis market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the water electrolysis market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the water electrolysis market size?
Answer: The global water electrolysis market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for water electrolysis market?
Answer: The global water electrolysis market is expected to grow with a CAGR of 32% to 34% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the water electrolysis market?
Answer: The major drivers for this market are growing demand for hydrogen fuel cell vehicles, rising demand of carbon-free source of energy, and increasing usage of water electrolysis in end use industries.
Q4. What are the major segments for water electrolysis market?
Answer: The future of the water electrolysis market looks promising with opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets.
Q5. Who are the key water electrolysis companies?
Answer: Some of the key water electrolysis companies are as follows:
Q1. What is the water electrolysis market size?
Answer: The global water electrolysis market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for water electrolysis market?
Answer: The global water electrolysis market is expected to grow with a CAGR of 32% to 34% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the water electrolysis market?
Answer: The major drivers for this market are growing demand for hydrogen fuel cell vehicles, rising demand of carbon-free source of energy, and increasing usage of water electrolysis in end use industries.
Q4. What are the major segments for water electrolysis market?
Answer: The future of the water electrolysis market looks promising with opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets.
Q5. Who are the key water electrolysis companies?
Answer: Some of the key water electrolysis companies are as follows:
- Air Products and Chemicals
- AREVA H2Gen
- Asahi Kasei Corporation
- C&E Environmental Technology
- Enagic International
- Eneco Holdings
- ErreDue spa
Q6. Which water electrolysis segment will be the largest in future?
Answer: Lucintel forecasts that alkaline water electrolysis will remain the largest segment over the forecast period due to its benefits such as, higher rate of hydrogen production, more compact design, and superior energy efficiency.
Q7. In water electrolysis market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the rising usage of hydrogen as an alternative renewable fuel, increasing preference for zero emission vehicles, and high efficiency of fuel cells. This also led towards construction of infrastructure to support hydrogen as an alternative renewable fuel source in this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that alkaline water electrolysis will remain the largest segment over the forecast period due to its benefits such as, higher rate of hydrogen production, more compact design, and superior energy efficiency.
Q7. In water electrolysis market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region due to the rising usage of hydrogen as an alternative renewable fuel, increasing preference for zero emission vehicles, and high efficiency of fuel cells. This also led towards construction of infrastructure to support hydrogen as an alternative renewable fuel source in this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the water electrolysis market by product (proton exchange membrane, alkaline water electrolysis, solid oxide electrolyzer cell, anion exchange membrane, and others), input power (below 2 kw, 2 kw to 5 kw, and above 5 kw), hydrogen production (below 500, 500 to 2000, and above 2000), end use industry (chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, steel plant and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity did occur in the last five years and what has its impact been on the industry? For any questions related to water electrolysis market or related to water electrolysis companies, water electrolysis market size, water electrolysis market share, water electrolysis analysis , write Lucintel analyst at email: helpdesk@lucintel.com . We will be glad to get back to you soon.
