The process of breaking down oxygen from renewable sources and water into hydrogen is called electrolysis, thus a water electrolysis machine is used to produce hydrogen. Water electrolysis machines are primarily used in applications where reliable, accurate, and exact splitting is required.
MARKET SCOPE
The "Global Water Electrolysis Machine Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the water electrolysis machine market with detailed market segmentation by product type, industry, and geography. The report provides key statistics on the market status of the leading water electrolysis machine market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global water electrolysis machine market is segmented into Proton Exchange Membrane (PEM), Alkaline Water Electrolysis, and Solid Oxide Electrolyte (SOE).
- On the basis of industry, the market is segmented into chemical, petroleum, pharmaceuticals, power plants, electronics and semiconductors, steel plant, and others.
MARKET DYNAMICS
Drivers:
- Increasing demand for carbon-free source of energy is likely to boost the demand for water electrolysis machine across the globe during the forecast period.
- The global water electrolysis machine market is expected to grow rapidly during the forecast period, owing to growing demand for water electrolysis from several industries such as chemicals, petroleum, and power generation.
Restraints:
- The high investment cost and high maintenance cost of these machines hindering the growth of the market.
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The water electrolysis machine market by each region is later sub-segmented by respective countries and segments. The 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 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 for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the water electrolysis machine market in these regions.
IMPACT OF COVID-19 ON WATER ELECTROLYSIS MACHINE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the water electrolysis machine 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 payers from water electrolysis machine market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the water electrolysis machine 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 Products and Chemicals, Inc.
- AREVA H2Gen
- ErreDue s.p.a.
- Hydrogenics Corporation
- Linde AG
- Peak Scientific
- ProtonOnsite
- Siemens AG
- Teledyne Energy Systems Inc.
- ThyssenKrupp AG