Asia Pacific Electrolyzer Market Size 2020 | Industry Research Report and Forecasts 2026
Category: #energy-and-environment  By Ronak Bora  Date: 2021-04-22
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Asia Pacific Electrolyzer Market Size 2020 | Industry Research Report and Forecasts 2026

The Asia Pacific electrolyzer market size is poised to witness constant developments in the coming years. Considering the capacity, the 500 kW – 2 MW electrolyzers are likely to witness a notable demand across the APAC in the coming years. Tightening regulatory standards and the widespread adoption of sustainable technologies is emerging as a major factor driving this demand. The technology finds wide use in small-scale combined heat and power (CHP) plants and off-grid power supply applications.

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Meanwhile, 2 MW electrolyzers will capture a fair share of the market by 2026 due to their growing demand in large-scale hydrogen production systems. The chemicals industry is also one of the major end-users of the high capacity electrolyzers.

Strict government and regulatory norms to curb carbon emission from vehicles is resulting in the widespread adoption of fuel cell electric vehicles (FCEVs). This in turn is creating a significant demand for alkaline electrolyzers as well as PEM electrolyzers.

PEM electrolyzers are generally used in chemical, mining, food & beverage, glass, and semiconductor manufacturing. Ongoing efforts towards expanding hydrogen generation capacity will certainly drive their demand.

On the other hand, wide use in petrochemicals, refining, glass purification and fertilizers will boost the adoption of alkaline electrolyzers in the future.

Japan electrolyzer market is likely to record substantial gains through 2026, powered by the ongoing shift towards sustainable energy. In addition to promoting clean energy generation, the regional government has also undertaken numerous rural electrification programs. Hydrogen-based technologies are playing a critical role in enabling zero emissions across power, transport, numerous other industries. Their widespread deployment will provide regional electrolyzer manufacturers with promising opportunities.

Meanwhile, the market for electrolyzers in Australia is projected to witness notable growth in the near future. The Australian government is making active efforts to boost large-scale on-site hydrogen production for storage of renewable energy, hydrogen refueling, grid balancing, and power to gas stations. 

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Prominent players operating across Asia Pacific Electrolyzer market consists of Toshiba, Siemens, ITM Power, Acta, Next Hydrogen, Air Liquide, Hydrogenics, Green Hydrogen, Kobelco Eco-solutions, and Proton Onsit. The companies are focusing toward new product development in line with acquisitions and mergers to enhance their industry presence.

Table of Contents (ToC) of the report:

Chapter 3   Asia Pacific Electrolyzer Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 - 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation landscape

3.5    Regulatory norms & directives

3.6    COVID - 19 impact on industry outlook, 2020 - 2026

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Product growth mapping

3.9    Industry analysis - Porter's

3.10    Competitive benchmarking, 2019

3.11    PEST Analysis

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Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

 

 

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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