Global Water Electrolysis Market is growing at a CAGR of 6.31% during the forecasted period “Global Water Electrolysis Market” research report has been added to its Research Database.

Market Synopsis of water electrolysis Market:
Globally, the market for water electrolysis market is growing at a CAGR of 6.31% during the forecasted period (2017-2023). Electrolysis is the process of splitting water into hydrogen and oxygen from renewable sources. It is the simplest method for producing hydrogen, where an electric current is passed through a compound thereby separating elements. Water electrolysis for hydrogen production finds its applications in various industries, such as chemicals, petroleum, glass, refineries, automobile, pharmaceuticals, metals & mining, and others.

Get more information, Ask for Free Sample Copy of this@

Asia Pacific accounted for the largest market share of 34.20% in 2016 and is projected to grow at a CAGR of 6.92% during the forecast period.U.S. is expected to dominate the market in North America. The U.S. is one of the global leaders in the development of hydrogen through water electrolysis. Hydrogen and fuel cells in North America offer energy security and a cleaner environment for the people. The U.S. has maintained and developed specific codes and standards to ensure that hydrogen and fuel cells products are safe and environment-friendly. There is various innovation implemented for the use of hydrogens such as hydrogen-powered bus and hydrogen-powered forklifts in retail stores. The increased use of hydrogen in the U.S. is expected to drive the water electrolysis market. The factors that are responsible for the growth of the water electrolysis market are an increase in the use of water electrolysis in end-use, growing demand of carbon-free source of energy, and the highly effective way of integrating renewables through the power to the gas facility. Water electrolysis is generally used in the chemical industry, petroleum industry, and the pharmaceutical industry. In the chemical industry, water electrolysis is generally used to separate two different components by chemical reaction. The growth in the chemical industry is expected to grow the water electrolysis market during the forecast period. The growth of the chemical industry in the future will be driven by the developing markets due to the local players in that region.

Key Players
The key players in market includes ThyssenKrupp AG (Germany), Linde AG (Germany), Air Products and Chemicals, Inc. (U.S.), Siemens AG (Germany), ProtonOnsite (U.S.), Teledyne Energy Systems Inc. (U.S.), AREVA H2Gen (France), Hydrogenics Corporation (Canada), Erre Due s.p.a. (Italy) and Peak Scientific (Scotland).

Key Findings
> The global water electrolysis market is expected to reach USD 11,426.8 million by 2023
> Regionally, Asia Pacific has the largest market of USD 4,067.3 million by 2023
> China accounted for the largest market share of 47.02% in 2016, with a market value of USD 1,205.1 Million and is projected to grow at the highest CAGR of 7.84% during the forecast period. India was the second-largest market in 2016, valued at USD 593.3 Million in 2016; it is projected to grow at a CAGR of 6.56%.
> On the basis of technology, Alkaline water electrolysis segment accounted for the market share registering CAGR of 5.81% during the forecasted period
> On basis of end-user, Chemical segment holds the market share of 38.87% in 2016

Get full report@

Geographic Analysis
The report covers a brief analysis of geographical region includes
North America
> US
> Canada
> Mexico
> Germany
> UK
> France
> Rest of Europe
> China
> India
> Japan
> Rest of Asia-Pacific
> Middle East & Africa
> Latin America

Study Objectives of water electrolysis Market
> To study the detail of water electrolysis market by technology, end-user, and by region in forecasted period 2023.
> To identify the market dynamics of water electrolysis market dynamics by drivers, restraints, opportunities, and challenges.
> To analyze various factors like value chain analysis and porters five forces model.
> To provide historically and forecast revenue of market segment with respect to North America, Europe, APAC and RoW.
> To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
> To track mergers and acquisitions, strategic alliances, new product development of the specified company.

Intended Audience
> Manufacturers and distributors of water electrolysis market.
> Suppliers and traders of water electrolysis market.
> Government, associations and industrial bodies.
> Investors and Trade experts.
> Consulting in automotive experts.

DC description
hydrogen electrolysis
water electrolysis machine
gas hot water heater
hydrogen electrolyzer
hydrogen generator
water storage
hydrogen water
hydrogen fuel cell
fuel cell
methanol fuel

Make an inquiry about this report@

Note: The study forecast period can be customized as per the request.

About us:
We are the best market research reports provider in the industry. Report Ocean believe in providing the quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports. We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization.

Contact us:
Company Name: Report Ocean
Address: Classic Tower, Rajnagar Extension, Ghaziabad, 201017 – India
Contact: +1 888 212 3539 (US) +91-9997112116 (Outside US)
Contact Name: Nishi Sharma


Ronard Completed his Master in Communication, after completing his degree he opted full-time research as his career. Ronard Main Area of Specialization is Market Research, he also contributes to Various Online Blog

Leave a Reply

Your email address will not be published. Required fields are marked *

five × two =