Credence Research, a leading market research and consulting firm, has released its latest report on the Global Alkaline Water Electrolysis Market. According to the report, the market generated revenue of approximately USD 105.5 million in 2021 and is projected to grow at a CAGR of over 6.1% from 2022 to 2028, reaching around USD 150.5 million by the end of the forecast period.
Alkaline water electrolysis is the process of converting water into hydrogen and oxygen, which is widely used in various industries such as chemicals, glass, petroleum, refineries, automobiles, metals & mining, pharmaceuticals, and others. The market is expected to grow rapidly due to the increasing demand for carbon-free energy sources and an efficient method of integrating renewables via a power-to-gas facility.
The rising use of green hydrogen as a fuel and a carbon dioxide-free feedstock for the photovoltaic, electronics, and green chemical industries is also driving the demand for facilities that can produce green hydrogen through alkaline water electrolysis. Alkaline water electrolysis is emerging as a critical technology for constructing a carbon-free, flexible, and long-term energy system. Increased government regulations for greenhouse gas emissions drive global market growth. Growing consumer awareness of the health advantages of drinking alkaline water is a further driver of market expansion.
The global alkaline water electrolysis market is segmented based on Type, Application, and Geography. Based on the type, the market is categorized into ＜10 m3/h, ＜30 m3/h, ＜50 m3/h, ＜80 m3/h, and ≥80 m3/h. Based on the application, the market is segmented into power plants, steel plants, electronics & photovoltaics, industrial gases, and others. The market is geographically divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Europe dominated the global alkaline water electrolysis market in 2021, owing to the rising demand for the alkaline water electrolysis process in various industrial applications such as glass purification, automobiles, petrochemicals, and refining. Germany has the largest market share in the region and serves as a hub for fertilizers, petrochemicals, refining, and glass purification industrial processes.
The report indicates that while alkaline water electrolysis is commonly used to generate green hydrogen, its high cost presents a significant challenge. Nevertheless, the growing demand for carbon-free energy sources and the need for an efficient method of integrating renewables via a power-to-gas facility are expected to drive market growth in the coming years.
Browse Full Report with Table List and Figures- Alkaline Water Electrolysis Market
Why to Buy This Report –
- The report examines the global alkaline water electrolysis market by segment, current trends, drivers, restraints, opportunities, challenges, and market dynamics from 2016 to 2020, with 2021 as the base year and 2022-2028 as the projected period.
- The report includes information on the competitive landscape, such as how the market’s key players perform on a global, regional, and country level.
- In-depth analysis of the global alkaline water electrolysis market segmentation by type and application.
- The report includes detailed and reliable data for all factors, including CAGR, consumers purchase trends, supply and demand, and import-export statistical data.
- The alkaline water electrolysis industry report includes global, regional, and country-level market analysis, key market trends, major players analysis, market growth strategies, and key application areas.
Table of Content:
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Alkaline Water Electrolysis Market
2.2. Global Alkaline Water Electrolysis Market, By Type
2.3. Global Alkaline Water Electrolysis Market, By Application
2.4. Global Alkaline Water Electrolysis Market, By Region
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Alkaline Water Electrolysis Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. Type
3.3.2. Application
3.3.3. Geography
4. Premium Insights
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5. Market Positioning of Key Players, 2021
5.1. Company market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others
6. COVID-19 Impact Analysis
6.1. Global Alkaline Water Electrolysis Market Pre Vs Post COVID-19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply
7. Global Alkaline Water Electrolysis Market
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8. North America Alkaline Water Electrolysis Market Analysis
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9. Europe Alkaline Water Electrolysis Market Analysis
…………
10. Asia Pacific Alkaline Water Electrolysis Market Analysis
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11. Latin America Alkaline Water Electrolysis Market Analysis
11.1. Latin America Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. SRC Analysis
11.3. Latin America Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
11.3.1. Brazil
11.3.1.1. Brazil Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.1.2. Brazil Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
11.3.1.3. Brazil Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
11.3.2. Mexico
11.3.2.1. Mexico Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.2.2. Mexico Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
11.3.2.3. Mexico Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
11.3.3. Rest of Latin America
11.3.3.1. Rest of Latin America Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
11.3.3.2. Rest of Latin America Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
11.3.3.3. Rest of Latin America Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
12. Middle East and Africa Alkaline Water Electrolysis Market Analysis
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13. Company Profiles
13.1. Asahi Kasei (Japan)
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2021)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Nel Hydrogen (Norway)
13.3. ShaanXi HuaQin (China)
13.4. Teledyne Energy Systems Inc (United States)
13.5. Thyssenkrupp (Germany)
13.6. Suzhou Jingli (China)
13.7. McPhy (France)
13.8. Hydrogenics (Canada)
13.9. TianJin Mainland Hydrogen Equipment Co Ltd (China)
13.10. Green Hydrogen Systems (Denmark)
13.11. MVS Engineering Pvt Ltd (India)
13.12. Yangzhou Chungdean Hydrogen Equipment Co Ltd (China)
13.13. 718th Research Institute of CSIC (China)
13.14. Next Hydrogen Corp (Canada)
…………….toc continued
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