Global Water Electrolysis Machine Market Analysis & Outlook 2030

The global water electrolysis machine market is anticipated to foster at a CAGR of 8% over the period 2022-2030, estimated to be USD 11 billion in 2021. Electrolyzed water is a technology that uses water and renewable energy to produce high-purity hydrogen. It involves the passage of electric current in water to further split the water into pure hydrogen and oxygen. The water electrolysis machine is divided into three types: alkaline electrolysis, proton exchange membrane (PEM) electrolysis and solid oxide electrolysis. Water electrolysis machines are mainly used in coal, petroleum and chemical industries.

COVID-19 scenario analysis:

It is expected that the demand for electrolyzed water machines in 2020 will decline due to the government;s lockdown and sluggish demand in the chemical industry. The COVID-19 pandemic has stopped the production of various products in the water electrolysis machinery industry, mainly due to the prolonged blockade of major countries in the world. Since the past few months, this has severely hindered the growth of the water electrolysis machine market, as it may continue until 2020. COVID-19 has affected the sales of equipment and machinery in the first quarter of 2020 and is likely to have a negative impact on market growth throughout the year. Previously, large manufacturing countries including the United States, Germany, Italy, the United Kingdom and China have increased their demand for equipment and machinery. These countries have been affected by the spread of the coronavirus and have stopped their demand for equipment and machinery. The blockade is currently vague, and the company;s financial recovery is based solely on its cash reserves. Equipment and machinery companies can only withstand a complete lockdown for a few months, after which participants will have to modify their investment plans. Equipment and machinery manufacturers should focus on protecting their workforce, operations, and supply chain to deal with the immediate crisis and find ways to work when new COVID-19 infection cases begin to decline.

Main influencing factors:
Market scenario analysis, trends, driving factors and impact analysis: the rise of chemical industries in different countries has increased the demand for water electrolysis machines in this field. The increase in demand for carbon-free power sources has also promoted the water electrolysis machine market. In addition, storing chemical energy in the form of hydrogen energy will serve as a growth engine for water electrolysis machines. In recent years, there have been more and more ideas to store methane gas (as a kind of energy) by converting intermittent energy sources through water electrolyzers, which has also become the growth engine of the gas engine market-water electrolysis.

Asia-Pacific countries such as India and China are the main producers of PEM fuel cells, which are water electrolyzers. The water electrolysis market in the Asia-Pacific region is expected to grow in the next few years. However, the high investment and high maintenance cost of the water electrolysis machine mainly hinders the water electrolysis machine market. In addition, the rise of the chemical industry provides a new way for the water electrolysis machine market.

The introduction of new products makes the market prosperous:
The introduction of technologically advanced next-generation products can drive market growth. In recent years, many products with unique characteristics have been launched on the market. In April 2020, Asahi Kasei, the worlds leading water electrolysis machine, launched a global alkaline electrolysis system in Japan to produce pure hydrogen. It can produce pure hydrogen containing a single structure at a constant rate of 1200 Nm3. This is a technologically advanced alkaline water electrolysis machine, powerful and energy-saving. High demand from end users Today, manufacturers are using automated production of new electrode coating methods. The rise of water electrolysis machines for hydrogen production in chemical plants and petrochemical industries has increased the market for water electrolysis machines.

Alkaline water electrolysis is a water electrolysis machine that uses renewable energy sources such as solar energy, wind energy and water to produce pure hydrogen for end users by integrating the energy into the distribution system. In these remote areas rich in renewable energy, water electrolysis machines can be installed to directly generate electricity. Other applications include the use of small amounts of hydrogen in the food and semiconductor industries. The pure hydrogen produced by the water electrolysis method can be used in the production of ammonia in the oil refining and petrochemical industries.

The main benefits of the report:
This study introduces an analysis overview of the water electrolysis machine market as well as current trends and future estimates to determine the upcoming investment pockets. The report provides information related to key drivers, constraints, and opportunities, as well as a detailed market share analysis of water electrolyzers. From 2022 to 2030, a quantitative analysis of the current market will be carried out to highlight the growth scenario of the water electrolysis machine market. Porters five forces analysis illustrates the power of buyers and suppliers in the market. The report provides a detailed market analysis based on the intensity of competition and how competition will be formed in the next few years.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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