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Europe, US & China Electrolyzer Market Research Report Forecast to 2030
Market Report I 2024-04-02 I 87 Pages I Market Research Future
Europe, US & China Electrolyzer Market Research Report Forecast to 2030
Market Overview
The Europe, US & China Electrolyzer market is expected to grow at a CAGR of 20.15% over the forecast duration of 2023-2030. The Europe, US & China Electrolyzer market was valued at USD 1,260.4 million in 2022 and is expected to reach USD 5,122.7 million by 2030.
The rapidly increasing demand for hydrogen fuel cells in the current automobile market has helped the companies to record a considerable revenue over the period. The utilization of clean energy has become a recent trend which is foreseen to increase soon and hence emerges as a major growth factor for the market.
The increasing demand for better electric vehicles which can cover a longer range of distance will help the market to produce a considerable return over the period. The active support provided by the government to the key market players for the introduction of clean energy into the society has played a major role to boost the economy of electrolyzer market to a great extent.
Market Segmentation
Based on this Product Type, the Europe, US & China electrolyzer market has been classified into Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM).
Based on the components, the Europe, US & China electrolyzer market has been classified into Bipolar Plates, Stacks, and others.
Based on the application, the Europe, US & China electrolyzer market has been classified into Chemical/Refining Industry, Electronics, Energy, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and others.
Country-wise Europe, US & China electrolyzer market has been divided into Germany, France, Spain, Italy, UK, US, and China. China held the largest market share of 21.19% in 2022 due to the high availability of raw materials, rapid industrialization, and commercialization in the region, especially with the growth of the consumer goods and automotive industry.
Major Players
The key market players are Siemens, H-Tec Systems Gmbh, Enapter, Hystar, Plug Power Inc, Cummins Inc, Dana Limited, and Elringklinger AG.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 13
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE 16
1.1.2 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENTS 17
1.1.3 EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE 18
1.1.4 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY 19
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21
3 RESEARCH METHODOLOGY 22
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS 27
4 MARKET DYNAMICS 28
4.1 INTRODUCTION 28
4.2 DRIVERS 29
4.2.1 INCREASING DEMAND FOR FUEL CELL-BASED VEHICLES 29
4.2.2 DEVELOPMENT OF GREEN HYDROGEN PRODUCTION TECHNOLOGIES 30
4.3 RESTRAINTS 31
4.3.1 INCREASING COST OF ELECTRICITY 31
4.4 OPPORTUNITIES 32
4.4.1 RISING GOVERNMENT REGULATIONS AND INITIATIVES TO REDUCE CARBON FOOTPRINT 32
4.5 IMPACT ANALYSIS OF COVID-19 33
4.5.1 IMPACT ON ELECTROLYZER MARKET IN EUROPE 33
5 MARKET FACTOR ANALYSIS 35
5.1 SUPPLY CHAIN ANALYSIS OF ELECTROLYZERS 35
5.1.1 RAW MATERIAL SUPPLIERS 36
5.1.2 ELECTROLYZER MANUFACTURES 36
5.1.3 DISTRIBUTION & SALES CHANNEL 36
5.1.4 END USERS 36
5.1.4.1 LIST OF POTENTIAL END-USERS 37
5.2 SUPPLY CHAIN ANALYSIS OF STACKS 38
5.2.1 RAW MATERIAL PROCUREMENT 38
5.2.2 MANUFACTURING & ASSEMBLY 38
5.2.3 DISTRIBUTION & SALES CHANNEL 39
5.2.4 END USERS 39
5.3 PORTER'S FIVE FORCES MODEL 40
5.3.1 THREAT OF NEW ENTRANTS 40
5.3.2 BARGAINING POWER OF SUPPLIERS 40
5.3.3 THREAT OF SUBSTITUTES 41
5.3.4 BARGAINING POWER OF BUYERS 41
5.3.5 INTENSITY OF RIVALRY 41
5.4 TECHNOLOGICAL ADVANCEMENT 41
5.5 PRICING ANALYSIS OF BIPOLAR PLATES OF PEM ELECTROLYZERS 42
6 EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE 43
6.1 OVERVIEW 43
6.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY PRODUCT TYPE, 2019-2030 43
6.2 PROTON EXCHANGE MEMBRANE (PEM) ELECTROLYZER 44
6.3 ALKALINE ELECTROLYZER 44
6.4 SOLID OXIDE ELECTROLYZER 44
6.5 ANION EXCHANGE MEMBRANE (AEM) ELECTROLYZER 44
7 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT 45
7.1 OVERVIEW 45
7.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY COMPONENT, 2019-2030 45
7.2 BIPOLAR PLATES 46
7.3 STACKS 46
7.4 OTHERS 46
8 EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE 47
8.1 OVERVIEW 47
8.1.1 ELECTROLYZER: MARKET ESTIMATES & FORECAST BY END-USE, 2019-2030 47
8.2 CHEMICAL/REFINING INDUSTRY 48
8.3 ELECTRONICS 48
8.4 ENERGY 48
8.5 TRANSPORT 48
8.6 METAL PRODUCTION & FABRICATION 48
8.7 PHARMA & BIOTECH 49
8.8 FOOD & BEVERAGES 49
8.9 OTHER 49
9 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY 50
9.1 OVERVIEW 50
9.2 GERMANY 51
9.3 FRANCE 52
9.4 SPAIN 53
9.5 ITALY 54
9.6 UK 55
9.7 US 56
9.8 CHINA 57
10 COMPETITIVE LANDSCAPE 58
10.1 MARKET INTRODUCTION 58
10.2 COMPETITION DASHBOARD 58
10.3 COMPETITIVE BENCHMARKING 59
10.4 THE LEADING PLAYER IN TERMS OF NUMBER OF DEVELOPMENTS IN EUROPE, US & CHINA ELECTROLYZERS MARKET 60
10.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 60
10.5.1 SUSTAINBILITY 60
10.5.2 ANNOUNCEMENT 61
10.5.3 PRODUCT LAUNCH 61
10.5.4 COLLABORATION 61
10.5.5 PRODUCT DEVELOPMENT 62
11 COMPANY PROFILES 63
11.1 SIEMENS (EUROPE) 63
11.1.1 COMPANY OVERVIEW 63
11.1.2 FINANCIAL OVERVIEW 64
11.1.3 PRODUCTS OFFERED 64
11.1.4 KEY DEVELOPMENTS 64
11.1.5 SWOT ANALYSIS 65
11.1.6 KEY STRATEGIES 65
11.2 H-TEC SYSTEMS GMBH (EUROPE) 66
11.2.1 COMPANY OVERVIEW 66
11.2.2 FINANCIAL OVERVIEW 66
11.2.3 PRODUCTS OFFERED 66
11.2.4 KEY DEVELOPMENTS 66
11.2.5 SWOT ANALYSIS 67
11.2.6 KEY STRATEGIES 67
11.3 ENAPTER (EUROPE) 68
11.3.1 COMPANY OVERVIEW 68
11.3.2 FINANCIAL OVERVIEW 69
11.3.3 PRODUCTS OFFERED 69
11.3.4 KEY DEVELOPMENTS 70
11.3.5 SWOT ANALYSIS 70
11.3.6 KEY STRATEGIES 70
11.4 HYSTAR (EUROPE) 71
11.4.1 COMPANY OVERVIEW 71
11.4.2 FINANCIAL OVERVIEW 71
11.4.3 PRODUCTS OFFERED 71
11.4.4 KEY DEVELOPMENTS 71
11.4.5 SWOT ANALYSIS 72
11.4.6 KEY STRATEGIES 72
11.5 PLUG POWER INC. (NA) 73
11.5.1 COMPANY OVERVIEW 73
11.5.2 FINANCIAL OVERVIEW 73
11.5.3 PRODUCTS OFFERED 73
11.5.4 KEY DEVELOPMENTS 73
11.5.5 SWOT ANALYSIS 74
11.5.6 KEY STRATEGIES 74
11.6 CUMMINS INC (NA) 75
11.6.1 COMPANY OVERVIEW 75
11.6.2 FINANCIAL OVERVIEW 76
11.6.3 PRODUCTS OFFERED 77
11.6.4 KEY DEVELOPMENTS 77
11.6.5 SWOT ANALYSIS 78
11.6.6 KEY STRATEGIES 78
11.7 DANA LIMITED (NA) 79
11.7.1 COMPANY OVERVIEW 79
11.7.2 FINANCIAL OVERVIEW 80
11.7.3 PRODUCTS OFFERED 80
11.7.4 KEY DEVELOPMENTS 81
11.7.5 SWOT ANALYSIS 81
11.7.6 KEY STRATEGIES 81
11.8 ELRINGKLINGER AG (EUROPE) 82
11.8.1 COMPANY OVERVIEW 82
11.8.2 FINANCIAL OVERVIEW 83
11.8.3 PRODUCTS OFFERED 83
11.8.4 KEY DEVELOPMENTS 84
11.8.5 SWOT ANALYSIS 84
11.8.6 KEY STRATEGIES 84
12 APPENDIX 85
12.1 REFERENCES 85
12.2 RELATED REPORTS 86
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LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS 27
TABLE 2 AVERAGE SELLING PRICE RANGES OF BIPOLAR PLATES OF PEM ELECTROLYZERS, 2019-2023 (USD/UNIT) 42
TABLE 3 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 43
TABLE 4 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY COMPONENT, 2019-2030 (USD MILLION) 45
TABLE 5 ELECTROLYZER MARKET ESTIMATES & FORECAST, BY END-USE, 2019-2030 (USD MILLION) 47
TABLE 6 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 50
TABLE 7 GERMANY: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 51
TABLE 8 GERMANY: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 51
TABLE 9 GERMANY: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 51
TABLE 10 FRANCE: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 52
TABLE 11 FRANCE: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 52
TABLE 12 FRANCE: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 52
TABLE 13 SPAIN: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 53
TABLE 14 SPAIN: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 53
TABLE 15 SPAIN: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 53
TABLE 16 ITALY: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 54
TABLE 17 ITALY: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 54
TABLE 18 ITALY: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 54
TABLE 19 UK: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 55
TABLE 20 UK: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 55
TABLE 21 UK: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 55
TABLE 22 US: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 56
TABLE 23 US: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 56
TABLE 24 US: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 56
TABLE 25 CHINA: ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019-2030 (USD MILLION) 57
TABLE 26 CHINA: ELECTROLYZER MARKET, BY COMPONENT, 2019-2030 (USD MILLION) 57
TABLE 27 CHINA: ELECTROLYZER MARKET, BY END-USE, 2019-2030 (USD MILLION) 57
TABLE 1 COMPETITION DASHBOARD: EUROPE US & CHINA ELECTROLYZERS MARKET 58
TABLE 2 THE MOST ACTIVE PLAYER IN THE EUROPE, US & CHINA ELECTROLYZERS MARKET 60
TABLE 3 SUSTAINBILITY 60
TABLE 4 ANNOUNCEMENT 61
TABLE 5 PRODUCT LAUNCH 61
TABLE 6 COLLABORATION 61
TABLE 7 PRODUCT DEVELOPMENT 62
TABLE 8 SIEMENS: PRODUCTS OFFERED 64
TABLE 9 SIEMENS: KEY DEVELOPMENTS 64
TABLE 10 H-TEC SYSTEMS GMBH: PRODUCTS OFFERED 66
TABLE 11 H-TEC SYSTEMS GMBH: KEY DEVELOPMENTS 66
TABLE 12 ENAPTER: PRODUCTS OFFERED 69
TABLE 13 ENAPTER: KEY DEVELOPMENTS 70
TABLE 14 HYSTAR: PRODUCT OFFERED 71
TABLE 15 HYSTAR: KEY DEVELOPMENTS 71
TABLE 16 PLUG POWER INC.: PRODUCTS OFFERED 73
TABLE 17 PLUG POWER INC.: KEY DEVELOPMENTS 73
TABLE 18 CUMMINS INC : PRODUCTS OFFERED 77
TABLE 19 DANA LIMITED: PRODUCTS OFFERED 80
TABLE 20 ELRINGKLINGER AG: PRODUCTS OFFERED 83
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LIST OF FIGURES
FIGURE 1 MARKET SYNOPSIS 14
FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET 15
FIGURE 3 EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY PRODUCT TYPE 16
FIGURE 4 EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY COMPONENTS 17
FIGURE 5 EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY END-USE 18
FIGURE 6 EUROPE, US & CHINA ELECTROLYZER MARKET ANALYSIS, BY COUNTRY 19
FIGURE 7 EUROPE, US & CHINA ELECTROLYZER MARKET: STRUCTURE 21
FIGURE 8 RESEARCH PROCESS 22
FIGURE 9 TOP-DOWN & BOTTOM-UP APPROACHES 25
FIGURE 10 DRO ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET 28
FIGURE 11 NUMBER OF HYDROGEN FUEL CELL ELECTRIC VEHICLE CHARGING POINTS IN THE EUROPEAN UNION BETWEEN 2016 AND 2021 30
FIGURE 12 DRIVERS: IMPACT ANALYSIS 31
FIGURE 13 RESTRAINT: IMPACT ANALYSIS 32
FIGURE 14 SUPPLY CHAIN ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET 35
FIGURE 15 PORTER'S FIVE FORCES ANALYSIS: EUROPE, US & CHINA ELECTROLYZER MARKET 40
FIGURE 16 EUROPE, US & CHINA ELECTROLYZER MARKET, BY PRODUCT TYPE, 2019 TO 2030 (USD MILLION) 43
FIGURE 17 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COMPONENT, 2019 TO 2030 (USD MILLION) 45
FIGURE 18 EUROPE, US & CHINA ELECTROLYZER MARKET, BY END-USE, 2019 TO 2030 (USD MILLION) 47
FIGURE 19 EUROPE, US & CHINA ELECTROLYZER MARKET, BY COUNTRY, 2019-2030 (USD MILLION) 50
FIGURE 20 COMPETITIVE BENCHMARKING 59
FIGURE 21 SIEMENS: FINANCIAL OVERVIEW SNAPSHOT 64
FIGURE 22 SIEMENS: SWOT ANALYSIS 65
FIGURE 23 H-TEC SYSTEMS GMBH: SWOT ANALYSIS 67
FIGURE 24 ENAPTER: FINANCIAL OVERVIEW SNAPSHOT 69
FIGURE 25 ENAPTER: SWOT ANALYSIS 70
FIGURE 26 HYSTAR: SWOT ANALYSIS 72
FIGURE 27 PLUG POWER INC.: SWOT ANALYSIS 74
FIGURE 28 CUMMINS INC: FINANCIAL OVERVIEW SNAPSHOT 76
FIGURE 29 CUMMINS INC.: SWOT ANALYSIS 78
FIGURE 30 DANA LIMITED: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 31 DANA LIMITED: SWOT ANALYSIS 81
FIGURE 32 ELRINGKLINGER AG: FINANCIAL OVERVIEW SNAPSHOT 83
FIGURE 33 ELRINGKLINGER: SWOT ANALYSIS 84
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