The leading global market research organization has recently released its latest market research report focusing on the Global Electrolyzer Market. This comprehensively analyzes the electrolyzer market and provides deep insight into the current and future state of the industry. The study covers all the major underlying forces that help the market develop and grow and the factors that constrain growth. Additionally, the report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.

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The global electrolyzer market has witnessed remarkable growth in recent years, driven by several key factors:

• Growing support from governments in the form of strategies, policies, initiatives, investments, and deployment targets
• Rising adoption of hydrogen as a clean fuel due to its benefits
• Growing interest on fuel cell electric vehicles (FCEVs) and hydrogen infrastructure
• Increasing demand for hydrogen from industries
• Rapidly growing low-carbon hydrogen production projects

However, factors such as high initial investments, a lack of hydrogen infrastructure, including distribution and storage facilities, and competition from other methods such as natural gas reforming are acting as restraints on the growth of the global electrolyzer market.

Types of Electrolyzers:

There are four main electrolyzer technologies:

• Alkaline Electrolyzers
• Proton exchange membrane (PEM) electrolyzer
• Solid Oxide Electrolyzer
• Anion exchange membranes (AEMs) (SOCEs and AEMs are Emerging Technologies)

Electrolyzers have several major applications across various industries, primarily centered around the production and utilization of hydrogen. The major applications of electrolyzers include hydrogen production, chemical synthesis, space and aerospace applications, etc.

Drivers

Growing Support from Governments

Governments around the world are increasingly recognizing the importance of hydrogen and electrolyzers in achieving their environmental and energy goals. They are enacting policies that incentivize and promote the use of green hydrogen produced via electrolysis. These policies often involve setting emission reduction targets and mandates for the integration of green hydrogen into various sectors, driving up demand for electrolyzers.

Current Scenario of the Electrolyzer Industry

Electrolyzers are already extensively employed within the chlor-alkaline industry to generate chlorine and sodium hydroxide, with a cumulative installed capacity exceeding 20 GW.

Nonetheless, the widespread deployment of electrolyzers specifically for dedicated hydrogen production began to gain momentum only in the latter part of the 2010s. The year 2021 marked a significant turning point, setting a record for deployment with over 200 MW of electrolysis capacity becoming operational, signifying substantial growth in annual capacity additions.

What do we Cover in the Report?

Global Electrolyzer Market Drivers & Restraints

The study covers all the major underlying forces that help the market develop and grow and the factors that constrain growth.

The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.

Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information and will functions as a guide for you to analyze the degree of impact.

Key Company Profiles

This report presents detailed profiles of key companies in the global electrolyzer industry, such as Nel ASA, Plug Power Inc., ITM Power plc, Cummins Inc., Siemens Energy AG, etc.

Generally, each company profile includes a company overview, relevant products and services, a financial overview, and recent developments.

This report helps to:-

• Gain a deeper understanding of the impact of Covid-19 on the global electrolyzer market.
• Equip yourself with rigorous analysis and forward-looking insights into the global electrolyzer market across multiple regions.
• Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
• Assess market data and forecasts to understand how the demands across various segments evolve over the next few years.
• Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
• Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
• Keep on top of M&A developments, JV's, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

Who need this report?

• Manufacturers and EPCs
• Suppliers & Vendors
• End-Use Industries
• Investor Community
• Financial Companies
• Government Bodies and Industry Organizations
• Others

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