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Hydrogen Electrolyzers Market to reach USD 79.90 million|Key Drivers and Market Forecasts|17000+ Technavio Research ReportsNEW YORK, May 17, 2021 /PRNewswire/ -- The hydrogen electrolyzers market is set to reach USD 79.90 million and registers an accelerating CAGR of over 6% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Technavio's in-depth market research reports now include value chain analysis and validation techniques employed for market sizing on various markets to help industry leaders improve their business. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AREVA H2Gen, Asahi Kasei Corp., Enapter Srl, Giner Inc., Hitachi Zosen Corp., Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG are some of the major market participants. The growing adoption of fuel cell-powered vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Hydrogen Electrolyzers Market 2020-2024: Segmentation Hydrogen Electrolyzers Market is segmented as below:
Learn more about Techanavio's Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption: Hydrogen Electrolyzers Market 2020-2024: Vendor Analysis and Scope To help businesses improve their market position, the hydrogen electrolyzers market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AREVA H2Gen, Asahi Kasei Corp., Enapter Srl, Giner Inc., Hitachi Zosen Corp., Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG. The report also covers the following areas:
The growing adoption of fuel cell-powered vehicles is likely to emerge as one of the primary drivers of the market. However, the competition from alternate technologies of hydrogen production may threaten the growth of the market. Backed with competitive intelligence and benchmarking, our research reports on the hydrogen electrolyzers market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support. Hydrogen Electrolyzers Market 2020-2024: Key Highlights
Related Reports on Utilities Include: Global Hydrogen Compressor Market- The hydrogen compressor market is segmented by technology (multistage and single-stage), end-user (oil and gas, chemicals, and others), type (oil-based and oil-free), power range (below 100 hp, 101 hp - 200 hp, 201 hp and above), and geography (APAC, Europe, North America, MEA, and South America). Global Hydrogen Peroxide Market- The hydrogen peroxide market is segmented by end-user (pulp and paper, textiles, wastewater treatment, and others) and geography (APAC, North America, Europe, MEA, and South America). Table of Contents: 1. Executive Summary 2. Market Landscape 2.1 Market ecosystem Exhibit 01: Parent market Exhibit 02: Market characteristics 2.2 Value chain analysis Exhibit 03: Value Chain Analysis- Renewable electricity 2.2.1 Inputs 2.2.2 Electricity generation 2.2.3 Electricity transmission 2.2.4 Electricity distribution 2.2.5 End-users
2.2.6 Innovations 3. Market Sizing 3.1 Market definition Exhibit 04: Offerings of vendors included in the market definition
Exhibit 05: Market segments 3.3 Market size 2020 3.4 Market outlook: Forecast for 2020 - 2025 Exhibit 06: Global - Market size and forecast 2019 - 2024 ($ million) Exhibit 07: Global hydrogen electrolyzers market 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 08: Global market: Year-over-year growth 2019 - 2024 (%) 4. Five Forces Analysis 4.1 Five Forces Summary Exhibit 09: Five forces analysis 2019 & 2024 4.2 Bargaining power of buyers 4.3 Bargaining power of suppliers 4.4 Threat of new entrants 4.5 Threat of substitutes 4.6 Threat of rivalry 4.7 Market condition Exhibit 15: Market condition - Five forces 2019 5. Market Segmentation by End-user The segments covered in this chapter are:
Alkaline was the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024, growing slower than the overall market. 5.1 Market segments Exhibit 16: Electrolyzer Type - Market share 2019-2024 (%) 5.2 Comparison by End-user 5.3 Alkaline - Market size and forecast 2019-2024 Exhibit 18: Alkaline - Market size and forecast 2019-2024 ($ million) Exhibit 19: Global hydrogen electrolyzers market by alkaline 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 20: Alkaline - Year-over-year growth 2019-2024 (%) 5.4 PEM - Market size and forecast 2019-2024 Exhibit 21: PEM - Market size and forecast 2019-2024 ($ million) Exhibit 22: Global hydrogen electrolyzers market by PEM 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 23: PEM - Year-over-year growth 2019-2024 (%) 5.5 Market opportunity by End-user Exhibit 24: Market opportunity by Electrolyzer Type 6. Customer landscape Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria 7. Geographic Landscape The regions covered in the report are:
North America was the largest region of the market in 2019 and would continue to be the largest segment of the market in 2024. APAC was the third largest region of the market in 2019 and would continue to be the third-largest segment of the market in 2024 South America was the smallest region of the market in 2019 7.1 Geographic segmentation Exhibit 26: Market share by geography 2019-2024 (%) 7.2 Geographic comparison Exhibit 27: Geographic comparison 7.3 North America - Market size and forecast 2019-2024 Exhibit 28: North America - Market size and forecast 2019-2024 ($ million) Exhibit 29: Hydrogen electrolyzers market in North America 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 30: North America - Year-over-year growth 2019-2024 (%) 7.4 Europe - Market size and forecast 2020-2025 Exhibit 31: Europe - Market size and forecast 2019-2024 ($ million) Exhibit 32: Hydrogen electrolyzers market in Europe 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 33: Europe - Year-over-year growth 2019-2024 (%) 7.5 APAC - Market size and forecast 2019-2024 Exhibit 34: APAC - Market size and forecast 2019-2024 ($ million) Exhibit 35: Hydrogen electrolyzers market in APAC 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 36: APAC - Year-over-year growth 2019-2024 (%) 7.6 MEA - Market size and forecast 2019-2024 Exhibit 37: MEA - Market size and forecast 2019-2024 ($ million) Exhibit 38: Hydrogen electrolyzers market in MEA 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 39: MEA - Year-over-year growth 2019-2024 (%) 7.7 South America - Market size and forecast 2019-2024 Exhibit 40: South America - Market size and forecast 2019-2024 ($ million) Exhibit 41: Hydrogen electrolyzers market in South America 2019-2024 ($ million), exclusive of COVID-19 impact Exhibit 42: South America - Year-over-year growth 2019-2024 (%) 7.8 Key leading countries Exhibit 43: Key leading countries Exhibit 44: Market opportunity by geography ($ million) 8. Drivers, Challenges, and Trends 8.1 Market drivers 8.1.1 Integration of renewables with hydrogen electrolyzers 8.1.2 Growing adoption of fuel cell-powered vehicles 8.1.3 Rising demand for hydrogen electrolyzers from industrial sector 8.2 Market challenges 8.2.1 Competition from alternate technologies of hydrogen production 8.2.2 High cost of hydrogen production using electrolyzers 8.2.3 Infrastructure challenges associated with hydrogen refueling facilities Exhibit 45: Impact of drivers and challenges 8.3 Market trends 8.3.1 Increasing strategic partnerships 8.3.2 Growing focus on using clean hydrogen in refineries 8.3.3 Rising usage of fuel cells in stationary power sector 8.3.4 Evolution of hydrogen strategy by EU 9. Vendor Landscape 9.1 Overview Exhibit 46: Vendor landscape Analysis of Criticality of inputs and Factors of differentiation 9.3 Landscape disruption Techanavio's Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption 10. Vendor Analysis 10.1 Vendors covered 10.2 Market positioning of vendors 10.3 AREVA H2Gen Overview Business Segments Key Offering 10.4 Asahi Kasei Corp. Overview Business Segments Key Offering Segment Focus 10.5 Enapter Srl Overview Business Segments Key Offering Segment Focus 10.6 Giner Inc. Overview Business Segments Key Offering Segment Focus 10.7 Hitachi Zosen Corp. Overview Business Segments Key Offering Segment Focus 10.8 Hydrogenics Corp. Overview Business Segments Key Offering Segment Focus 10.9 ITM Power Plc Overview Business Segments Key Offering Segment Focus 10.10 McPhy Energy SA Overview Business Segments Key Offering Segment Focus 10.11 Nel ASA Overview Business Segments Key Offering Segment Focus 11. Appendix 11.1 Scope of the report 11.2 Currency conversion rates for US$ 11.3 Research methodology Exhibit 90: Validation techniques employed for market sizing 11.4 List of abbreviations About Us Contact Technavio Research View original content to download multimedia:http://www.prnewswire.com/news-releases/hydrogen-electrolyzers-market-to-reach-usd-79-90-millionkey-drivers-and-market-forecasts17000-technavio-research-reports-301292978.html SOURCE Technavio |