Hydrogen Electrolyzers Market to reach USD 79.90 million|Key Drivers and Market Forecasts|17000+ Technavio Research Reports

NEW YORK, May 17, 2021 /PRNewswire/ — The hydrogen electrolyzers market is set to reach USD 79.90 million and registers an…

NEW 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.

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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:

  • Type
    • Alkaline
    • PEM
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

 Learn more about Techanavio’s Analysis on the impact of Disruption Threats by comparing Disruptive sources and Factors driving disruption:

https://www.technavio.com/talk-to-us?report=IRTNTR45472

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:

  • Hydrogen Electrolyzers Market size
  • Hydrogen Electrolyzers Market trends
  • Hydrogen Electrolyzers Market industry analysis

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

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist hydrogen electrolyzers market growth during the next five years
  • Estimation of the hydrogen electrolyzers market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydrogen electrolyzers market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hydrogen electrolyzers market vendors

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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          

  • Direct sale from the distribution companies
  • Electricity trading

2.2.6 Innovations      

3. Market Sizing                                             

3.1 Market definition                   

Exhibit 04: Offerings of vendors included in the market definition                           

3.2 Market segment analysis                     

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
  • PEM

 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
  • Europe
  • APAC
  • MEA
  • South America

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

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