Water Electrolysis Market Surge: Projected CAGR of 7.1% from 2024 to 2030
This reports provides an essential and dependable overview of the Water Electrolysis Market, serving as a guide for stakeholders navigating the industry's future trajectory. It covers critical aspects, guiding through challenges and opportunities, shedding light on the market landscape, key insights, driving forces, major competitors, regulatory framework, potential growth, ongoing trends, supply chain dynamics, evolving policies, segments and prominent players.
Water Electrolysis Market Report Coverage Details:
Base Year: 2023
Historical Data: 2019-22
Forecast Period: 2024-2030
CAGR: 7.1% (2024-2030)
The Global Water Electrolysis Market size was valued at around USD 1.8 billion in 2023 & is estimated to grow at a CAGR of about 7.1% during the forecast period, i.e., 2024-30.
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Advancements in Urban Wastewater Treatment to Open New Avenues for the Market – Water quality degradation has recently become a major concern as a result of industrial advancements. The oil industry is one of the most significant sources of pollution. Therefore, strict environmental protection legislation has been enacted. In line with this, the EPA's research has identified water electrolysis as a viable technique for treating hazardous waste from industrial zones, thus creating an opportunistic arena for the Water Electrolysis Market growth. Furthermore, as electrocoagulation methods gain popularity, the water electrolysis process has become an essential component of wastewater treatment facilities, further contributing to upgrading the market's growth graph in the forecast years.
Discover a comprehensive evaluation of every segment and its subdivisions, allowing our clients to gain a deep understanding of the Water Electrolysis Market (2024-2030). We prioritize uncovering the pivotal factors that presently drive and will shape the industry's growth moving forward. Our goal is to empower our esteemed clients by optimizing their end-user positioning and revenue generation through a thorough analysis of market size, share and all the latest market scope across diverse segmentation categories.
The Water Electrolysis Market segmentation is enlisted below:
By Product
Alkaline Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
Proton Exchange Membrane (PEM) Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
Solid Oxide Electrolyzer Cell (SOEC)- Market Size & Forecast 2019-2030F, USD Million
Anion Exchange Membrane (AEM) Electrolyzers- Market Size & Forecast 2019-2030F, USD Million
By Application
Refining Industry- Market Size & Forecast 2019-2030F, USD Million
Power & Energy Store- Market Size & Forecast 2019-2030F, USD Million
Ammonia Production- Market Size & Forecast 2019-2030F, USD Million
Methanol Production- Market Size & Forecast 2019-2030F, USD Million
By Input Power
Below 5kW- Market Size & Forecast 2019-2030F, USD Million
2kW-5kW- Market Size & Forecast 2019-2030F, USD Million
Above 5kW- Market Size & Forecast 2019-2030F, USD Million
By Hydrogen Production
Below 500L/Hr- Market Size & Forecast 2019-2030F, USD Million
500-2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million
Above 2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million
By End Users
Chemical Industry- Market Size & Forecast 2019-2030F, USD Million
Electronics & Semiconductors Industry- Market Size & Forecast 2019-2030F, USD Million
Power Plants- Market Size & Forecast 2019-2030F, USD Million
Petroleum Industry- Market Size & Forecast 2019-2030F, USD Million
Pharmaceutical Industry- Market Size & Forecast 2019-2030F, USD Million
Others (Steel Plants, Transportation/Mobility Industry, etc.)- Market Size & Forecast 2019-2030F, USD Million
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
Audlong Machinery Manufacturing Co., Ltd., ThyssenKrupp AG, Linde plc, Siemens AG, Plug Power Inc., Cummins Inc., Erre Due SpA, Peak Scientific Instruments, Asahi Kasei Corporation, Nel ASA, ITM Power Plc, Enapter AG, John Cockerill, Proton Onsite, Teledyne Technologies Inc., and Others.
Water Electrolysis Industry News:
2023: Siemens Energy has revealed plans to commence the production of electrolysis modules (stacks) at the multi-gigawatt electrolyzer facility located in Berlin, aiming to scale up to a three-gigawatt production capacity by 2025.
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Key Report Highlights
Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators
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