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PEM Electrolyzer Trends and Forecast
The future of the global PEM electrolyzer market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and building heating & power applications. The global PEM electrolyzer market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 22.0% from 2024 to 2030. The major drivers for this market are growing demand for green hydrogen, rising demand for environmentally-friendly fuel, and increasing focus towards rural electrification.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
PEM Electrolyzer by Segment
The study includes a forecast for the global PEM electrolyzer by type, application, and region.
PEM Electrolyzer Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• ≤ 500 kW
• > 500 kW - 2 MW
• Above 2 MW
PEM Electrolyzer Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Power Generation
• Transportation
• Industry Energy
• Industry Feedstock
• Building Heating & Power
• Others
PEM Electrolyzer Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of PEM Electrolyzer 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 PEM electrolyzer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the PEM electrolyzer companies profiled in this report include-
• Plug Power
• Nel
• Cummins
• ITM Power
• Hitachi Zosen
• Elogen
• Siemens Energy
• Ningbo Vet Energy Technology
• Green Hydrogen Systems
• Haldor Topsøe
PEM Electrolyzer Market Insights
Lucintel forecasts that above 2 MW is expected to witness highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period due to expanding number of domestic and commercial spaces in the region.
Features of the Global PEM Electrolyzer Market
Market Size Estimates: PEM electrolyzer market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: PEM electrolyzer market size by type, application, and region in terms of value ($B).
Regional Analysis: PEM electrolyzer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the PEM electrolyzer market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the PEM electrolyzer market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the PEM electrolyzer market size?
Answer: The global PEM electrolyzer market is expected to reach an estimated $2.4 billion by 2030.
Q.2 What is the growth forecast for PEM electrolyzer market?
Answer: The global PEM electrolyzer market is expected to grow with a CAGR of 22.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the PEM electrolyzer market?
Answer: The major drivers for this market are growing demand for green hydrogen, rising demand for environmentally-friendly fuel, and increasing focus towards rural electrification.
Q4. What are the major segments for PEM electrolyzer market?
Answer: The future of the PEM electrolyzer market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and building heating & power applications.
Q5. Who are the key PEM electrolyzer market companies?
Answer: Some of the key PEM electrolyzer companies are as follows:
• Plug Power
• Nel
• Cummins
• ITM Power
• Hitachi Zosen
• Elogen
• Siemens Energy
• Ningbo Vet Energy Technology
• Green Hydrogen Systems
• Haldor Topsøe
Q6. Which PEM electrolyzer market segment will be the largest in future?
Answer: Lucintel forecasts that above 2 MW is expected to witness highest growth over the forecast period.
Q7. In PEM electrolyzer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to expanding number of domestic and commercial spaces in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the PEM electrolyzer market by type (≤ 500 kW, > 500 kW - 2 MW, and above 2 MW), application (power generation, transportation, industry energy, industry feedstock, building heating & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. 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?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Pem Electrolyzer Market, Pem Electrolyzer Market Size, Pem Electrolyzer Market Growth, Pem Electrolyzer Market Analysis, Pem Electrolyzer Market Report, Pem Electrolyzer Market Share, Pem Electrolyzer Market Trends, Pem Electrolyzer Market Forecast, Pem Electrolyzer Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global PEM Electrolyzer Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global PEM Electrolyzer Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global PEM Electrolyzer Market by Type
3.3.1: ≤ 500 kW
3.3.2: > 500 kW - 2 MW
3.3.3: Above 2 MW
3.4: Global PEM Electrolyzer Market by Application
3.4.1: Power Generation
3.4.2: Transportation
3.4.3: Industry Energy
3.4.4: Industry Feedstock
3.4.5: Building Heating & Power
3.4.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global PEM Electrolyzer Market by Region
4.2: North American PEM Electrolyzer Market
4.2.2: North American PEM Electrolyzer Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, and Others
4.3: European PEM Electrolyzer Market
4.3.1: European PEM Electrolyzer Market by Type: ≤ 500 kW, > 500 kW - 2 MW, and Above 2 MW
4.3.2: European PEM Electrolyzer Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, and Others
4.4: APAC PEM Electrolyzer Market
4.4.1: APAC PEM Electrolyzer Market by Type: ≤ 500 kW, > 500 kW - 2 MW, and Above 2 MW
4.4.2: APAC PEM Electrolyzer Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, and Others
4.5: ROW PEM Electrolyzer Market
4.5.1: ROW PEM Electrolyzer Market by Type: ≤ 500 kW, > 500 kW - 2 MW, and Above 2 MW
4.5.2: ROW PEM Electrolyzer Market by Application: Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global PEM Electrolyzer Market by Type
6.1.2: Growth Opportunities for the Global PEM Electrolyzer Market by Application
6.1.3: Growth Opportunities for the Global PEM Electrolyzer Market by Region
6.2: Emerging Trends in the Global PEM Electrolyzer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global PEM Electrolyzer Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global PEM Electrolyzer Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Plug Power
7.2: Nel
7.3: Cummins
7.4: ITM Power
7.5: Hitachi Zosen
7.6: Elogen
7.7: Siemens Energy
7.8: Ningbo Vet Energy Technology
7.9: Green Hydrogen Systems
7.10: Haldor Topsøe
.
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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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