Market Overview
The Australia and Japan hydrogen electrolyzer market valued US$ 8,200.34 thousand in 2019 and it is expected to grow at a CAGR of 21.2% to reach US$ YY thousand by 2028
Electrolysis is the process of utilizing electricity to split water into hydrogen and oxygen. The different processes used for hydrogen production includes traditional alkaline electrolysis and PEM electrolysis. The systems have ability to produce onsite demand for hydrogen, pressurized hydrogen without compressors and 99.999% of pure, dry and carbon-free hydrogen. The technical and economical advantages of hydrogen electrolyzers includes ability to produce pure hydrogen, ability to produce hydrogen on-site and low-cost method for producing highly efficient hydrogen. The hydrogen electrolyzer demand is increasing at rapid pace with surge in government initiatives and spending on development of hydrogen related technologies across the Australia and Japan. For instance in 2019, Australia government have announced the investment of around US$ 55 million to fast track the hydrogen related technologies which boost the market growth.
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Segmentation Analysis
– By Product
Alkaline Electrolyzer *
Proton Exchange Membrane Electrolyzer
Others
– By End-User
Automotive*
Electricity
Pharmaceutical and Biotechnology
Metal
Glass
Others
Geographical Analysis
Japan region of hydrogen electrolyzer market is valued at US$ 2,651.32 thousand in 2019 and is estimated to grow at a CAGR of 21% over the forecast period to reach a US$ 37,435.68 thousand by 2027
Japan is growing at a faster pace for the hydrogen electrolyzer market owing to rising government funding and support for the development of hydrogen technology and hydrogen production projects to support the clean and green economy
For instance, in 2019, as per the Ministry of Trade, Economy and industry, Japanese industries and the Japanese government have allocated around US$ 748 million for the projects related to hydrogen technology to support the clean economy in the country
Further demand for the hydrogen electrolyzer in Japan is driven by a surge in the commercial project with rising funding from the government for the development of emerging and innovative technologies for hydrogen related research and pilot projects
These projects are supported by several leading organizations and companies in Japan, which includes Japan Oil, Gas and Metals, New Energy and Industrial Technology Development Organization (NEDO) and National Corporation (JOGMEC), etc.
Further several private financial banks and government banks in Japan are also providing support for the development of the hydrogen electrolyzer and hydrogen-related technologies in the country. For instance, in July 2019, NEXI launched 'Loan Insurance for Green Innovation, which is applied for the projects related to hydrogen-related technologies and provides an increased commercial risk coverage rate by up to 97.5%. It may create massive demand for the growth of the hydrogen electrolyzer market in this country
Australia has the highest market share for the growth of the hydrogen electrolyzer market. This is primarily due to the rising demand for electricity generation using renewable energy sources such as solar, wind, etc. For instance, as per the clean energy council organization report, Australia has the largest renewable energy production capacity reached around 2.2 GW across 34 projects in 2019. Among these, solar energy has the highest, more than two-thirds of renewable energy contribution. Thus to use and store such a massive amount of the electricity generated through renewable energy sources, hydrogen electrolyzer has created enormous demand in this country
Also, the lack of fossil fuel availability in Australia and rising government support and funding to promote clean carbon-free energy have created a massive demand for the hydrogen electrolyzer in this country. For instance, the Australian Federal Parliament has provided significant support and funding for hydrogen and fuel cell innovation with an investment of around US$ 784 million to "supercharge" Australia’s hydrogen industry. It created a massive demand for the hydrogen electrolyzer market in this region
Also, in the Pilbara region in Australia, the local mining industry has created15 GW of solar and wind capacity to supply electricity for hydrogen commodity production using electrolysis in 2019. Further in 2018, a 50 MW wind and solar-fuelled hydrogen electrolyzer has been build as part of a new Hydrogen Hub at Neoen near Crystal Brook, Australia. Also, in 2018, a 30 MW hydrogen electrolyzer has been installed at Port Lincoln, South Australia, which can produce 50 tonnes per day at in 2018
Competitive Analysis
The hydrogen electrolyzer market is a consolidated market with top five companies occupying 81.64% of the market share in 2019. Toshiba Energy Systems & Solutions Corporation dominated the market with market share of 38.86% in the year 2019 owing to large-scale contracts received in Japan. Government projects plays a major role in determining the market position of players in Australia and Japan regions. Most of the players are focusing on expanding network as well as expanding presence in the region. Majority of the players are focusing on partnerships and agreements. In July 2020, McPhy is selected for the deployment of two stations with a capacity of 400 kg of hydrogen per day each which valued at around US$ 4.80 million. It connects with 1 M.W. high-power electrolyzer, on the territory of Dijon Métropole, France. Also, McPhy is selected for the deployment of two stations with a capacity of 400 kg of hydrogen per day each which valued at around US$ 4.80 million in July 2020. The major players are using project acquisition, partnership, market expansion and product launches for holding their market position. For instance, In December 2020, Snam and Linde who own 20% stake of ITM Power have signed agreement to jointly develop clean hydrogen projects worth around US$ 50 million. The joint partnership will able to develop key technologies along the hydrogen value for commercial projects in the areas of distribution, production, compression and storage. In July 2020, ITM Power has launched ITM Motive for building and operating hydrogen refueling stations portfolio across the United Kingdom. In June 2020 McPhy delivered and installed a McLyzer 400-30 2 M.W. electrolysis platform which produces over 300 tons of zero-carbon hydrogen from renewable energy per year to The Apex Energy plant. In June 2020, Cummins has announced to provide largest PEM electrolyzers hydrogen technology which enables renewable energy for public utilities in Washington, United States. Cummins Inc global technology and power solutions will provide its 5-megawatt PEM electrolyzer to enable renewable energy for the Douglas County Public Utility District (Douglas County PUD) in Washington State
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Hydrogen Electrolyzer Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Acta S.p.A, Ballard Power Systems, HyperSolar, Inc., ITM Power, Kingkar Eco-Technologies Co., Ltd., Plug Power Inc., Proton Power Control Pvt Ltd.,.This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Hydrogen Electrolyzer Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/hydrogen-electrolyzer-market/download-sampleMarket SegmentationThe broad Hydrogen Electrolyzer market has been sub-grouped into the Type, Application and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.By TypePolymer Electrolyte Membrane (PEM) ElectrolyzerAlkaline Water ElectrolyzerSolid Oxide ElectrolyzerBy ApplicationChemicalsAutomobileEnergyFood and BeveragesPharmaceutical & BiotechnologyElectronicsGlassOthersBy RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East and AfricaBrowse Global Hydrogen Electrolyzer Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/hydrogen-electrolyzer-marketRegional Analysis Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for Hydrogen Electrolyzer in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The "Hydrogen Electrolyzer Market" report includes an in-depth analysis of the global Hydrogen Electrolyzer market for the present as well as forecast period.
The report encompasses the competition landscape entailing share analysis of the key players in the Hydrogen Electrolyzer market based on their revenues and other significant factors.
The well-known players in the market are Nel Hydrogen, McPhy Energy S.A., Hydrogenics Corp, Tianjin Mainland Hydrogen Equipment Co. Ltd., Giner Inc, Siemens AG, Areva H2Gen, GreenHydrogen.dk ApS, Igas Energy GmbH, Accagen SA, Next Hydrogen, ELB Elektrolysetechnik GmbH, Beijing CEI Technology Co.Ltd.The company profiles presented in the report include company synopsis, business tactics adopted, and major developments.
The report also includes the companies active in product expansions and innovating new advanced technology intending to develop huge opportunities for the Hydrogen Electrolyzer market.Apply here for the free sample copy of the Hydrogen Electrolyzer Market reportThe report also provides the market dynamics such as drivers, restraints, strategies & guidelines, trends, avenues, and technological improvements anticipated to have an impact on the Hydrogen Electrolyzer Market growth in the projected period.
Further, the report also reviews the market in terms of value [USD Million] and size [k. MT] across diverse regions.Read Detailed Research Study at:: https://www.syndicatemarketresearch.com/market-analysis/hydrogen-electrolyzer-market.htmlMoreover, the report comprises major developments made in the Hydrogen Electrolyzer market.
The report involves the value chain analysis which denotes workflow in the Hydrogen Electrolyzer market.
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It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
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Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
