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Water Electrolysis Machine Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Aug 2021 | 159 Views
 
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Water Electrolysis Machine Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

Water electrolysis is a technique for the producing high purity hydrogen from water and renewable energy sources. It involves passage of electric current into the water further breaking the water into pure hydrogen and oxygen. The water electrolysis machines is categorized into three types that is alkaline electrolysis, proton exchange membrane (PEM) electrolysis, and solid oxide electrolysis. Water electrolysis machines are mostly used in coal, petroleum, and chemical industries.

Market Scope and Structure Analysis

Report Metric

Details

  Market size available for   years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Application, Type, Mode of Operation, and Region

 Companies covered

ThyssenKrupp AG, Linde AG, Air Products and Chemicals, Inc., Siemens AG, ProtonOnsite, Teledyne Energy Systems Inc., AREVA H2Gen, Hydrogenics Corporation, ErreDue s.p.a., and Peak Scientific

 

.

 

 

 

 

Regions Covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada, and Mexico

Germany, France, UK, Italy, and the Rest of Europe

China, Japan, India, South Korea, and the Rest of Asia-Pacific

Latin America, Middle East, and Africa

 

COVID-19 Scenario Analysis

  • The demand for the water electrolysis machine is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from chemical industries.
  • COVID-19 pandemic has halted the production of various products in the water electrolysis machine industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of water electrolysis machine market significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020, and is likely to cause a negative impact on the market growth throughout the year. 
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top IMPACTING FACTORS: market Scenario Analysis, Trends , Drivers, and Impact Analysis

Increase in the chemical industries across different countries have increased the demand for the water electrolysis machine in this sector. An increase in demand for carbon-free source of energy is also driving the market of water electrolysis machine. Further, storing of chemical energy in the form of hydrogen energy would act as a growth driver for water electrolysis machine. In the past few years rising idea for storing of methane gas(as a form of energy) by converting the intermittent energy source through water electrolysis machine also acts as a growth driver for water electrolysis machine market. Countries from Asia-Pacific like India and China are the major producer for PEM fuel cells which is a type of water electrolysis machine. Asia-Pacific is expected to grow in upcoming years in the water electrolysis market. However, the high investment and high maintenance cost of water electrolysis machine majorly hampers the water electrolysis machine market. Further, the rise in chemical industries provide new pathways to water electrolysis machine market.

The global water electrolysis machine market trends are:

New Product Launches to Flourish the Market

The launch of new generation technologically advanced products can boost the growth of the market. In the past few years, many such products having unique features were launched in the market. In April 2020, a global leader in water electrolysis machine, Asahi Kasei started a world scale alkaline electrolysis system to generate pure hydrogen in Japan. It is able to produce pure hydrogen at a constant rate of 1200 Nm3 comprising of a single structure. This is an advanced technology alkaline water electrolysis machine, which is powerful and energy efficient.

High Demand from End Users

Now a days, manufacturers are producing new electrode coating methods using automation. Increase of water electrolysis machine for hydrogen production in chemical factories and petrochemical industries have increased the water electrolysis machines market. Alkaline water electrolysis, a type of water electrolysis machine that uses the renewable energy sources like sun, wind, and water by integrating energy into the distribution system for producing pure hydrogen that can be used by the end users. In remote areas where these renewable energy is abundantly available, water electrolysis machine can be installed to generate direct energy. Other applications include the usage of small volumes of hydrogen in the food and semiconductor industry. The use of pure hydrogen that is generated from water electrolysis method can be used in petroleum refining and ammonia production in petrochemical industries.

Key Segments Covered

Segment

Subsegment

Type

  • Proton Exchange Membrane (PEM) electrolysis
  • Alkaline Electrolysis
  • Solid oxide electrolysis

Application

  • Semiconductor
  • Electrode Coating
  • Others

Industry Vertical

  • Chemical
  • Oil & Gas
  • Energy & Power
  • Automotive
  • Electronics
  • Others

 

 

Key Benefits of the Report

  • This study presents the analytical depiction of the water electrolysis machine market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the water electrolysis machine market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the water electrolysis machine market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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