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Los Angeles, CA -- (SBWIRE) -- 04/11/2019 -- Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
Currently, water electrolysis is classified into two types, including traditional alkaline electroliser and PEM electroliser. Globally, PEM electroliser is the larger type. In 2018, global PEM electroliser consumption is 464 units. In the future, we predict that PEM electroliser will be a leading and major type. PEM electroliser consumption amount will increase at a rate of 14.85% during 2019-2024.
The global Water Electrolysis market was 290 million US$ in 2018 and is expected to 460 million US$ by the end of 2025, growing at a CAGR of 7.0% between 2019 and 2025.
This report studies the Water Electrolysis market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Water Electrolysis in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
718th Research Institute of CSIC
Teledyne Energy Systems
Shandong Saksay Hydrogen Energy
Yangzhou Chungdean Hydrogen Equipment
ELB Elektrolysetechnik GmbH
By the product type, the market is primarily split into
Traditional Alkaline Electroliser
By the end users/application, this report covers the following segments
Electronics and Photovoltaics
Energy Storage or Fueling for FCEV's
Power to Gas
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