Global Water Electrolysis Machine Market By Product (Proton Exchange Membrane PEM, Alkaline Water Electrolysis), By Input Power (Below 2 kW, 2 kW, 5 kW, Above 5 kW), Hydrogen Production (Below 500, 500, 2000, Above 2000), Application (Chemical, Petroleum, Pharmaceuticals, Power Plants, Electronics & Semiconductors, Steel Plants), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Water electrolysis machines are devices that are used to produce clean hydrogen from water. The hydrogen produced in this manner is used for a wide range of scientific and commercial applications. With the increasing need for environmental sustainability and concern about climate change, the industrial and commercial sectors have identified hydrogen as a key component for a variety of applications.

Water electrolysis is the process of using electricity to break down water into oxygen and hydrogen gas. This hydrogen gas can be used as hydrogen fuel, or it can be mixed with oxygen to make oxyhydrogen gas, which is used for welding and other applications.

Electrolysis requires an electrolyte, electrodes, and an external power source, among other elements. To prevent products from diffusing to the opposite electrode, a partition (such as an ion-exchange membrane or a salt bridge) is used. Proton exchange membranes and alkaline water electrolysis machines are the two main types of water electrolysis machines.

Alkaline water electrolysis processes utilize saltwater electrolysis machines which are the most popular of these options, with considerable demand coming from the petroleum and electricity sectors

Detailed Segmentation –

Product Type:

• Proton Exchange Membrane PEM
• Alkaline Water Electrolysis
• Other Product Types

Input Power:

• Below 2 kW
• 2 kW
• 5 kW
• Above 5 kW

Hydrogen Production:

• Below 500
• 500
• 2000
• Above 2000

Application:

• Chemical
• Petroleum
• Pharmaceuticals
• Power Plants
• Electronics & Semiconductors
• Steel Plants
• Other Applications

Market Dynamics –

Drivers for the Global Water Electrolysis Machine Market:

Over the years, fuel and hydrogen cells have become important in many industries as an crucial solution to generate electricity and heat from a variety of primary energy sources. Hydrogen can be used in fuel cells to generate energy through a chemical reaction instead of burning/combustion. Only water and heat are produced as by-products.

Fuel cells are used in a wide variety of products, from small fuel cells in portable devices such as cell phones and laptops to large applications such as cars, delivery vehicles, buses, and boats. For heating and generators in stationary applications in the residential and commercial industries. Future electrical systems are also likely to use improved traditional hydrogen-fueled energy converters.

Since electrolyzed water provides the purest form of hydrogen, the increasing use of green hydrogen in fuel cells is expected to positively stimulate the overall water electrolysis market.

Restraints for the Global Water Electrolysis Machine Market:

Water electrolysis machines are swiftly becoming commonplace, with hydrogen manufacturing gaining significance for packages in more than one sector. Technological enhancements to improve electrolysis performance are further augmenting this market as a whole. However, the businesses in this industry continually face ongoing challenges.

The high requirement for additional capital to function in the commercial water electrolysis machine industry may impede on this market’s economic growth. Prominent cleansing strategies to generate hydrogen generally are water electrolysis, however, this methodology has been found to be not as cost effective. Additionally, the excessive energy intake necessary for this process is another element that may hinder this market’s future development.

Opportunities for the Global Water Electrolysis Machine Market:

Applications in the chemical sector are projected to increase the adoption levels of this devices, thereby further boosting the water electrolysis machine market over the course of the forecast period, in contrast to various end-use sectors such as steel, petroleum, electronics, pharmaceuticals, electricity, etc.

The increasing adoption of water electrolysis machines in the chemical sector may be attributed to the steady demand of hydrogen for ammonia fertilizer production, iron ore reduction, and methanol production, similar to gasoline additives and gasoline molecular development.

Another important area of software application for water electrolysis machines is in the petroleum industry. Hydrogen packages in the processing and refining plants of crude oil have also resulted in the adoption of water electrolysis technology among large-scale flora that conventionally use hydrocarbon fuels for hydrogen requirements.

Trends for the Global Water Electrolysis Machine Market:

Water electrolysis with renewable re-assets including solar power, hydropower, and wind to increase hydrogen production. Water electrolysis machines produce hydrogen that may be stored for hours, days, or even months before being transformed into power or used as clean Co2 or in the manufacture of sustainable chemical compounds.

For instance, as part of the Carbon2Chem® project, ThyssenKrupp’s alkaline water electrolysis unit has been effectively offering hydrogen for the manufacture of chemical compounds from metal mill waste gases. In 2018, the corporation had produced methanol from metal mill gases, and in the following year, the manufacturing of ammonia with the assistance of hydrogen produced through its water electrolysis machines.

In comparison to traditional manufacturing methods, this approach does now no longer require fossil fuels along with herbal gas, as a direct requirement to decrease CO2 emissions in both steelmaking and chemical manufacturing.

Competitive Landscape –

• Air Products and Chemicals Inc.
• AREVA H2Gen
• Asahi Kasei Corporation
• C&E Environmental Technology Co. Ltd.
• Enagic International Inc.
• Eneco Holdings Inc.
• ErreDue spa
• Hitachi Zosen Corporation
• Hydrogenics Corporation
• ITM Power Plc.

Recent Developments:

• In March 2020, NEL ASA (Proton Onsite) and Kvrner AS formed a strategic partnership. The two firms will work together on individual green hydrogen initiatives as well as the standardization of solutions for large-scale hydrogen plants.
• In September 2019, Cummins Inc. completed the purchase of Hydrogenics Corporation.

For the Water Electrolysis Machine Market research study, the following years have been considered to estimate the market size: