Global Water Electrolysis market: 2021 Trends, Global Analysis with Focus on Opportunities, Growth Potential & Forecast 2027
Overview
The water electrolysis market is anticipated to grow by US$12,975 million by 2025 rapidly growing at a CAGR of 7.58% during the forecast period. The global water electrolysis market is driven by increased use of water electrolysis in the end-use industry and increasing demand for carbon-free energy sources. These factors have helped shape the water electrolysis market and are expected to boost the growth. Companies in the water electrolysis market could also face challenges such as substitute for water electrolysis and increase the cost of water electrolyzer. The details covered in the water electrolysis market report cover all the aspects of the industry. Water electrolysis market analysts have also shared growth projections in the report and have suggested water electrolysis market players to plan growth strategies accordingly.
Market Segmentation
The global water electrolysis market has been segmented based on product category and end-users. On the basis of product category, the market for water electrolysis is segmented based on solid oxide electrolyte (SOE), proton exchange membrane, and alkaline water electrolysis and . Additionally, the market on the basis of end-users, is segmented into electronics & semiconductor, chemicals, petroleum, power plants, pharmaceuticals and others.
Factors like usage of a highly efficient way of incorporating renewables into the gas facility through power and stringent government regulation to reduce carbon footprint support the water electrolysis market growth. The performance of the water electrolysis market has also been studied for the past and current years. Additionally, the water electrolysis market report provides analysis of these segments. The water electrolysis market segmental analysis provided in the report offers major details about the water electrolysis market performance and future.
Competitive Landscape
The water electrolysis market is supported by advanced infrastructure and presence of key companies in developing countries. The population growth around the world and increasing demand of water electrolysis market based services and products also support the market growth. However, the water electrolysis market growth can be affected due to high cost and availability of many substitutes. The report covers all such details which will help companies in the water electrolysis market to strengthen their business plan and improve their product portfolio. The water electrolysis market research report also provides company profiles of major companies. The company profiles of many organizations operating in the water electrolysis market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the water electrolysis market. New companies and established businesses can plan their strategies based on this data provided in the water electrolysis market research report.
Regional Overview
Companies in the electrolysis of water market are spread across the world. The water electrolysis market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American water electrolysis market has many companies across the United States, Canada, and Mexico. Europe has companies in the water electrolysis market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the water electrolysis market across India, China, and Japan in the Asia-Pacific region is also presented in the report. The water electrolysis market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the water electrolysis market can be found in the market research report.
Industry News
On Jan. 4, Hanwha Solutions announced it had reorganized its renewable energy market division and set up a testing center for hydrogen technologies. The corporation has expanded its multinational Market Division of Green Energy Solution (GES), which is in charge of clean energy generation ventures. The GES Business Division aims to make an incursion into the business of wind power. The group is looking to grow its green power generation business based on its skills, know-how and expertise gained in the solar energy field as the proportion of wind power generation is rising worldwide.In the solar power generation industry alone, we will rack up five trillion won in annual revenue in 2025,"We will rack up five trillion won in annual sales in 2025 in the renewable power generation business alone,"
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