The global PEM electrolyzer (PEMEL) market should grow from $737.6 million in 2022 to $4.3 billion by 2027 with a compound annual growth rate (CAGR) of 42.2% for the period of 2022-2027.
The PEMEL market for hydrogen fueling stations should grow from $370.0 million in 2022 to $3.5 billion by 2027 with a compound annual growth rate (CAGR) of 56.9% for the period of 2022-2027.
The PEMEL market for the chemical industry should grow from $99.6 million in 2022 to $183.9 million by 2027 with a compound annual growth rate (CAGR) of 13.1% for the period 2022-2027.
The PEMEL market for hydrogen fueling stations should grow from $370.0 million in 2022 to $3.5 billion by 2027 with a compound annual growth rate (CAGR) of 56.9% for the period of 2022-2027.
The PEMEL market for the chemical industry should grow from $99.6 million in 2022 to $183.9 million by 2027 with a compound annual growth rate (CAGR) of 13.1% for the period 2022-2027.
Report Scope
This report briefly covers the leading electrolyzer technologies used in the water electrolysis process. It analyzes the PEMEL market and its regional and application segments. The report also includes an analysis of key components and their estimated and forecast markets by region.
The Report Includes
- 17 data tables and 26 additional tables
- An overview of the global market for proton exchange membrane electrolyzer (PEMEL) and membrane electrode assembly (MEA) components and related technologies
- Analyses of the global market trends, with market revenue (sales data) for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Evaluation and forecast the PEM Electrolyzer market size in value and volumetric means, and corresponding market share analysis segmented by type, component, application, and region
- Identification of viable technology drivers through a holistic review of leading electrolyzer technologies for new and existing applications in hydrogen refueling stations, refineries, and the chemicals industry
- Assessment of major driving factors, trends, opportunities and challenges in this innovation-driven market, with emphasis on recent developments in the PEM electrolyzer industry
- Estimation of the actual market size and revenue forecasts for PEMEL and MEA components used as hydrogen generation systems, their regional and application segments markets
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading PEM electrolyzers manufacturers, including ITM Power, 3M, SGL, Siemens Energy, BASF and Toray
Table of Contents
Chapter 1 Introduction
Chapter 3 Electrolyzer Industry Overview
Chapter 4 Market and Technology Overview
Chapter 5 PEM Electrolyzer Components and Markets
Chapter 6 PEM Electrolyzer Market by Application
Chapter 7 Market Breakdown by Region
Chapter 9 Company Profiles
List of Tables
List of Figures
Executive Summary
Electrolysis is a method of sorting out water into hydrogen and oxygen utilizing an electrolyzer. To enhance the conductivity of the water and increase process efficiency, an electrolyte such as salt is generally added. The chemical connection between hydrogen and oxygen is broken when the charge is delivered, and hydrogen ions congregate at the electrolyzer cathode.The global electrolyzer market value in terms of installed and manufacturing capacity (megawatts) was extrapolated from research articles, white papers, government documents and other sources using extensive secondary research.
Companies Mentioned
- 3M
- Advent
- Areva H2Gen (Acquired By GTT)
- Asahi Kasei
- Avcarb
- Ballard Power Systems
- BASF
- Carbotech
- Chemours Co.
- Chengdu Vertex Industry Co. Ltd.
- Cummins Inc.
- Denora
- Elogen (Acquired By GTT)
- Erredue Spa
- Freudenberg
- Giner Elx (Acquired By Plug Power)
- Green H2 Systems
- Greenerity3 (Subsidiary Of Toray)
- Hele Titanium
- Heraeus
- Hiat Ggmbh
- Honda
- Hyplat
- Hytron
- Igas Energy Plc
- Ineos
- Ion Power
- IRD Fuel Technology
- ITM Power
- Johnson Matthey
- Kobelco
- Man Energy (H-Tec)
- Mitsubishi Chemical Corp.
- NEL Hydrogen
- Ohmium International
- Peak Scientific
- Plug Power Inc.
- SGL Carbon
- Siemens Energy
- Solvay
- Tanaka Precious Metals
- Toray
- Umicore
- W. L. Gore & Associates, Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 109 |
Published | June 2022 |
Forecast Period | 2022 - 2027 |
Estimated Market Value ( USD | $ 737.6 Million |
Forecasted Market Value ( USD | $ 4286.3 Million |
Compound Annual Growth Rate | 42.2% |
Regions Covered | Africa, Global, Middle East |
No. of Companies Mentioned | 44 |