The electrolyzer systems are used for breaking water into hydrogen and oxygen through electrolysis. The electrolyzers consist of a cathode, an anode, and a membrane. Hydrogen is collected on the cathode side, which is further stored for use in various industries. Oxygen is either released into the atmosphere or collected and used in further industrial processes. In various applications such as metal recovery, metal and/or solution purification, organic synthesis, separation processes, batteries, and other energy sources, fuels, and enzymes, porous electrodes are a popular choice for adding technical value to electrochemically active materials. The use of electrodes can better control the reaction distribution, the transfer of active materials, and heat distribution, and it also improves the efficiency and selectivity of the reaction. Compared with flat electrodes, porous electrodes can improve the ability to store ions and electrons, increase the reaction rate, and improve quality and charge transfer, providing a larger surface area, thereby promoting the porous electrode market to become an important market service.
MARKET DYNAMICS
The increasing focus on adopting hudrogen-based fuel cell vehicles for the transport sector is driving the growth of the porous electrodes for electrolyzer market. However, the cost of the starting material is high, which may restrain the growth of the porous electrodes for electrolyzer market. Furthermore, advancements in electrolyzer technologies and green hydrogen production through the use of renewable electricity sources are anticipated to create a market opportunity for the porous electrodes for electrolyzer market during the forecast period.
MARKET SCOPE
The "Global Porous Electrodes for Electrolyzer Market Analysis To 2028" is a specialized and in-depth study of the energy and power industry with a special focus on the global market trend analysis. The porous electrodes for electrolyzer market report aims to provide an overview of the porous electrodes for electrolyzer market with detailed market segmentation by electrolyzer type and electrode material, and geography. The global porous electrodes for electrolyzer market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading porous electrodes for electrolyzer market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global porous electrodes for electrolyzer market is segmented on the basis of electrolyzer type and electrode material. Based on electrolyzer type, the porous electrodes for electrolyzer market is segmented into alkaline electrolyzer, PEM electrolyzer, and solid oxide electrolyzer. On the basis of electrode material, the porous electrodes for electrolyzer market is segmented into titanium, nickel, silver, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global porous electrodes for electrolyzer market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The porous electrodes for electrolyzer market by each region is later sub-segmented by respective countries and segments. The porous electrodes for electrolyzer market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the porous electrodes for electrolyzer market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the porous electrodes for electrolyzer market in these regions.
IMPACT OF COVID-19 ON POROUS ELECTRODES FOR ELECTROLYZER MARKET
The impact of the COVID-19 pandemic on the market is covered throughout the report. The pandemic had a negative impact on the porous electrodes for electrolyzer market. Numerous nations had to impose lockdowns, travel bans, and trade restrictions in order to prevent the widespread of the deadly virus. COVID-19 pandemic had impacted the porous electrodes for electrolyzers market in numerous ways. Major drivers of the porous electrodes for electrolyzers market are electric vehicles (including e-rickshaws, e-bikes, and others) and the generation of hydrogen as a fuel by the means of water electrolysis. However, due to the outbreak of the COVID-19 pandemic, the world faced a troublesome situation and was under lockdown. This led to the shutdown of industries, a halt in operations and procurements along with restrictions on cross-border trade activities. Owing to the above-mentioned factors, the electric vehicles as well as water electrolysis market suffered a moderate blow, also affecting the porous electrodes for electrolyzers market, leading to a decline in demand and henceforth, a drop in sales and revenue. Further, by creating supply chain and market disruption due to cross border trade restrictions, which hampered the imports of raw materials for the manufacturing processes as well as exports of the finished products.
MARKET PLAYERS
The reports cover key developments in the porous electrodes for electrolyzer market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from porous electrodes for electrolyzer market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the porous electrodes for electrolyzer market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the porous electrodes for electrolyzer market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Air Liquide
- Cocker Jingli Hydrogen
- Cummins Inc
- Enapter
- Graphite India Limited
- ITM Power
- McPhy Energy
- Nel Hydrogen
- Plug Power
- Titanium Tantalum Products Limited