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Alkaline Water Electrolysis Market By Type (<10 m3/h, <30 m3/h, <50 m3/h, <80 m3/h, ≥80 m3/h) By Application (Power Plants, Steel Plants, Electronics & Photovoltaics, Industrial Gases, Others) – Growth, Future Prospects & Competitive Analysis, 2016 – 2028

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Published: | Report ID: 1178 | Report Format : PDF

About this report

The global alkaline water electrolysis market report explores the critical analysis of the industry using key parameters. The report consists of investment strategies, the need for investments in the alkaline water electrolysis industry, and the multiple benefits for investors. Importantly, this report sets out major changes in the global technical regulations for the alkaline water electrolysis industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyses the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses include Porter’s five forces analysis, PESTEL analysis, value chain analysis, etc.

REPORT ATTRIBUTE DETAILS
Alkaline Water Electrolysis Market by Volume Yes
Alkaline Water Electrolysis Market by Value Yes
Alkaline Water Electrolysis Market, Tornado Analysis Yes
Alkaline Water Electrolysis Market, STAR Analysis Yes
Alkaline Water Electrolysis Market, SRC Analysis Yes
Alkaline Water Electrolysis Market, Import-Export Data Yes (On Demand)
Alkaline Water Electrolysis Market Pricing Analysis Yes (On Demand)
Alkaline Water Electrolysis Market Segment Analysis By Type (<10 m3/h, <30 m3/h, <50 m3/h, <80 m3/h, and ≥80 m3/h)

By Application (Power Plants, Steel Plants, Electronics & Photovoltaics, Industrial Gases, and Others)

Alkaline Water Electrolysis Market, Regional Analysis North America (the US and Canada)

Europe (Germany, UK, France, Italy, Spain, and the Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, South East Asia, and the Rest of Asia Pacific)

atin America (Brazil, Mexico, and the Rest of Latin America)

Middle East and Africa (GCC Countries, South Africa, and the Rest of Middle East and Africa)

Alkaline Water Electrolysis Market Key Companies ShaanXi HuaQin (China), Asahi Kasei (Japan), Nel Hydrogen (Norway), Teledyne Energy Systems Inc (United States), Thyssenkrupp (Germany), Suzhou Jingli (China), McPhy (France), Hydrogenics (Canada), TianJin Mainland Hydrogen Equipment Co Ltd (China), Green Hydrogen Systems (Denmark), MVS Engineering Pvt Ltd (India), Yangzhou Chungdean Hydrogen Equipment Co Ltd (China), 718th Research Institute of CSIC (China), and Next Hydrogen Corp (Canada)
Alkaline Water Electrolysis Market Competitive Landscape Market Share Analysis

Competitive Benchmarking

Key Players Market Positioning

Geographical Presence Analysis

Major Strategies Adopted

Key Highlights of the report

How are the major segments performing in the Alkaline Water Electrolysis Market?

  • In 2021, the ≥80 m3/h type segment held the largest global market share owing to the large-scale industrial systems widely using these types of equipment. The ≥80 m3/h electrolysis capacity technology is less expensive to develop initially and has a longer lifespan as it uses less expensive nickel-based catalysts. These devices operate at high membrane pressure differentials. The electrolysis plants with capacities of 10 m3/h, 30 m3/h, and 50 m3/h are primarily used for small-scale hydrogen production.
  • The power plants segment led the market in terms of application in 2021 and is expected to continue over the projection period due to increased oxygen and hydrogen production over several power plants globally. Electrolysis is primarily used to generate hydrogen and oxygen. They are frequently used in the power plant generation sector to reduce emissions of greenhouse gases and many other pollutants.

Which region dominated the alkaline water electrolysis market?

Europe dominated the global alkaline water electrolysis market in 2021 and is expected to maintain its dominance throughout the forecast period. Investments in developing and manufacturing hydrogen fuel cells and favorable environmental protection and energy security policies are expected to drive demand for alkaline water electrolysis machines in the upcoming years. Hydrogen accounts for less than 2% of the energy used in Europe today, and it is primarily used to make chemical products like plastics and fertilizers. Natural gas accounts for 96% of this hydrogen, resulting in significant CO2 emissions. The European Union adopted a green hydrogen strategy in 2020. According to the European Green Deal, the plan looked at how generating and using renewable hydrogen can help the European economy become more carbon-neutral while fostering post-COVID-19 economic growth.

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How is US Market Performing in the alkaline water electrolysis market?

The market for alkaline water electrolysis in the United States is expected to expand significantly during the forecast period. The United States is a global leader in hydrogen production via water electrolysis. In North America, hydrogen and fuel cells provide energy security and a cleaner environment for the people. The United States has maintained and developed specific standards and codes to ensure the safety and environmental friendliness of hydrogen and fuel cell products. Hydrogen-powered forklifts and buses are just two hydrogen-related innovations used in retail stores. The US market for water electrolysis is anticipated to grow during the forecast period due to the country’s increased use of hydrogen.

What is the competitive environment of the alkaline water electrolysis market?

The existence of major companies competing for dominance and expanding their product portfolio has fragmented the global market. These companies are concentrating on expanding their facilities to ensure smooth alkaline water electrolysis processes to meet the rising demand for green hydrogen from various end-user industries. Other significant players are implementing proactive strategies, such as alliances, teamwork, and mergers and acquisitions, which will likely support the market’s expansion during the predicted period. Cummins introduced its latest generator, the Made in India – QSK60 G23: 2500-2750 kVADiesel Generator (DG), in August 2021. This new stationary generator is intended for continuous, peak, and standby loads. Moreover, Cummins Inc established a new facility in Germany in November 2020 to develop hydrogen fuel cell systems. The facility will be operational by July 2021 and will generate approximately 10 megawatts annually.

Executive Summary

What are all the technical developments in the alkaline water electrolysis market?

Alkaline water electrolysis (AWE) is the most technologically advanced and cost-effective method. The power consumption of alkaline water electrolyzers is slightly higher. Nonetheless, the levels attained in terms of durability, dependability, and security are excellent. Alkaline water electrolysis technologies are currently attracting more and more attention. AWE is a proven and secure technology currently used in numerous industrial applications. The capacity to scale up to production capacities in the megawatt range is one of the main benefits of using AWE over other technologies. This technology is the most advanced (has the highest manufacturing readiness) and is currently produced in the greatest quantities using numerous 100+ MW operations installed over decades. Leading market participants in the sector primarily invest their resources in creating new water electrolysis technology offerings and in strategic alliances and acquisitions to increase their market share. For instance, Asahi Kasei Corporation and Toshiba Energy Systems & Solutions Corporation launched a project for hydrogen supply in Namie Futuba, Fukushima, in April 2020, with a massive energy scale of 10 MW. The business has also worked on projects to develop hydrogen technology with Tohoku Electric Power Co Inc and Iwatani Corporation.

Which are the key investments by the alkaline water electrolysis market players?

Growing investments in research and development by industry players to create novel products is a key factor driving the alkaline water electrolysis market. Key players concentrate on funding alkaline water electrolysis projects to combat market growth. For instance, Thyssenkrupp Nucera and Shell agreed to a deal on January 10th, 2022, for Thyssenkrupp Nucera to supply the massive Hydrogen Holland project in the port of Rotterdam, Netherlands. By the terms of the agreement, the company will acquire, design, and build a 200 MW electrolysis plant using a 20 MW alkaline water electrolysis module currently being used extensively. The initial construction of the electrolyzers is expected to begin in 2022.

Some major players in the alkaline water electrolysis market are ShaanXi HuaQin (China), Asahi Kasei (Japan), Nel Hydrogen (Norway), Teledyne Energy Systems Inc (United States), Thyssenkrupp (Germany), Suzhou Jingli (China), McPhy (France), Hydrogenics (Canada), TianJin Mainland Hydrogen Equipment Co Ltd (China), Green Hydrogen Systems (Denmark), MVS Engineering Pvt Ltd (India), Yangzhou Chungdean Hydrogen Equipment Co Ltd (China), 718th Research Institute of CSIC (China), and Next Hydrogen Corp (Canada).

What are the Major Driving Factors for the Alkaline Water Electrolysis Market?

The development of the infrastructure for hydrogen and a rise in its use as a feedstock for the industry are encouraged by favorable regulatory policies, which will spur industry expansion. The continued advancement of technology and the decline in carbon emissions from manufactured goods will favor the outlook for the business. The application of technological advancements by the major market players and the market structure based on current trends are also included in the global alkaline water electrolysis market. Several factors are driving market growth, including rising global carbon emissions, increased production of low-carbon hydrogen, increased ammonia, growing preference for margarine, rising production of menthol capacity, and growing adoption for semiconductors.

What are the Major Risks for the Alkaline Water Electrolysis Market?

Green hydrogen is frequently created using alkaline water electrolysis. However, this method has more difficulties owing to its high cost. The cost of green hydrogen from the plant is two to three times higher than that of grey hydrogen. Electric cars with fuel cells and hydrogen tanks cost at least 1.5 to 2 times as much as cars powered by fossil fuels, according to the 2019 International Renewable Energy Agency (IRENA) Green Hydrogen Economy Report. However, important players like ThyssenKrupp AG are creating prefabricated skid-mounted modules for alkaline water electrolysis plants, which helps keep costs down. As a result of the units’ portability and ability to be combined to create megawatt- or gigawatt-scale projects, the market is anticipated to grow significantly over the forecast period.

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Which is the key application in the Alkaline Water Electrolysis market?

The power plants segment is anticipated to grow the fastest during the forecast period. In power plants, alkaline water electrolysis generates hydrogen and oxygen from water. The turbines then use hydrogen gas to produce electricity. The gaseous oxygen is released into the atmosphere. This procedure increases the effectiveness of the plant while lowering greenhouse gas emissions. At a wind farm, electric energy and hydrogen fuel can be combined to match resource efficiency, convert extra energy into hydrogen, and cut greenhouse gas emissions. These elements will fuel the market for alkaline water electrolysis in the upcoming years. For instance, ThyssenKrupp AG and De Nora increased their manufacturing capabilities for water electrolysis plants in June 2020. As a result, they can now produce electrolysis cells with an annual power consumption of one gigaton.

Alkaline Water Electrolysis Market

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
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend

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
7.1. Global Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Alkaline Water Electrolysis Market, By Type, 2021 vs 2028 (in%)
7.1.3. Global Alkaline Water Electrolysis Market, By <10 m3/h, 2016-2028 (US$ Bn)
7.1.4. Global Alkaline Water Electrolysis Market, By <30 m3/h, 2016-2028 (US$ Bn)
7.1.5. Global Alkaline Water Electrolysis Market, By <50 m3/h, 2016-2028 (US$ Bn)
7.1.6. Global Alkaline Water Electrolysis Market, By <80 m3/h, 2016-2028 (US$ Bn)
7.1.7. Global Alkaline Water Electrolysis Market, By ≥80 m3/h, 2016-2028 (US$ Bn)
7.2. Global Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Alkaline Water Electrolysis Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Alkaline Water Electrolysis Market, By Power Plants, 2016-2028 (US$ Bn)
7.2.4. Global Alkaline Water Electrolysis Market, By Steel Plants, 2016-2028 (US$ Bn)
7.2.5. Global Alkaline Water Electrolysis Market, By Electronics & Photovoltaics, 2016-2028 (US$ Bn)
7.2.6. Global Alkaline Water Electrolysis Market, By Industrial Gases, 2016-2028 (US$ Bn)
7.2.7. Global Alkaline Water Electrolysis Market, By Others, 2016-2028 (US$ Bn)

8. North America Alkaline Water Electrolysis Market Analysis
8.1. North America Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. SRC Analysis
8.3. North America Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
8.3.1. U.S.
8.3.1.1. U.S. Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.1.2. U.S. Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
8.3.1.3. U.S. Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
8.3.2. Canada
8.3.2.1. Canada Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
8.3.2.2. Canada Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
8.3.2.3. Canada Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)

9. Europe Alkaline Water Electrolysis Market Analysis
9.1. Europe Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. SRC Analysis
9.3. Europe Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
9.3.1. Germany
9.3.1.1. Germany Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.1.2. Germany Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.1.3. Germany Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
9.3.2. France
9.3.2.1. France Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.2.2. France Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.2.3. France Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
9.3.3. UK
9.3.3.1. UK Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.3.2. UK Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.3.3. UK Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
9.3.4. Italy
9.3.4.1. Italy Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.4.2. Italy Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.4.3. Italy Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
9.3.5. Spain
9.3.5.1. Spain Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.5.2. Spain Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.5.3. Spain Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
9.3.6. Rest of Europe
9.3.6.1. Rest of Europe Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
9.3.6.2. Rest of Europe Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
9.3.6.3. Rest of Europe Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)

10. Asia Pacific Alkaline Water Electrolysis Market Analysis
10.1. Asia Pacific Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. SRC Analysis
10.3. Asia Pacific Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
10.3.1. China
10.3.1.1. China Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.1.2. China Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.1.3. China Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
10.3.2. Japan
10.3.2.1. Japan Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.2.2. Japan Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.2.3. Japan Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
10.3.3. India
10.3.3.1. India Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.3.2. India Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.3.3. India Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
10.3.4. South Korea
10.3.4.1. South Korea Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.4.2. South Korea Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.4.3. South Korea Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
10.3.5. South-East Asia
10.3.5.1. South-East Asia Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.5.2. South-East Asia Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.5.3. South-East Asia Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
10.3.6. Rest of Asia Pacific
10.3.6.1. Rest of Asia Pacific Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
10.3.6.2. Rest of Asia Pacific Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
10.3.6.3. Rest of Asia Pacific Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)

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
12.1. Middle East and Africa Alkaline Water Electrolysis Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Alkaline Water Electrolysis Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. SRC Analysis
12.3. Middle East and Africa Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
12.3.1. GCC Countries
12.3.1.1. GCC Countries Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.1.2. GCC Countries Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
12.3.1.3. GCC Countries Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
12.3.2. South Africa
12.3.2.1. South Africa Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.2.2. South Africa Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
12.3.2.3. South Africa Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)
12.3.3. Rest of Middle East and Africa
12.3.3.1. Rest of Middle East and Africa Alkaline Water Electrolysis Market Estimates and Forecast, 2016-2028 (US$ Bn)
12.3.3.2. Rest of Middle East and Africa Alkaline Water Electrolysis, By Type, 2016-2028 (US$ Bn)
12.3.3.3. Rest of Middle East and Africa Alkaline Water Electrolysis, By Application, 2016-2028 (US$ Bn)

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)

 

List of Figures

FIG. 1 Global Alkaline Water Electrolysis Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Alkaline Water Electrolysis Market Segmentation
FIG. 4 Global Alkaline Water Electrolysis Market, by Type, 2021 (US$ Bn)
FIG. 5 Global Alkaline Water Electrolysis Market, by Application, 2021 (US$ Bn)
FIG. 6 Global Alkaline Water Electrolysis Market, by Geography, 2021 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Type, 2021
FIG. 8 Attractive Investment Proposition, by Application, 2021
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Share Analysis of Key Alkaline Water Electrolysis Market Manufacturers, 2021
FIG. 11 Global Market Positioning of Key Alkaline Water Electrolysis Market Manufacturers, 2021
FIG. 12 Global Alkaline Water Electrolysis Market Value Contribution, By Type, 2021 & 2028 (Value %)
FIG. 13 Global Alkaline Water Electrolysis Market, by <10 m3/h, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Alkaline Water Electrolysis Market, by <30 m3/h, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Alkaline Water Electrolysis Market, by <50 m3/h, Value, 2016-2028 (US$ Bn)
FIG. 16 Global Alkaline Water Electrolysis Market, by <80 m3/h, Value, 2016-2028 (US$ Bn)
FIG. 17 Global Alkaline Water Electrolysis Market, by ≥80 m3/h, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Alkaline Water Electrolysis Market Value Contribution, By Application, 2021 & 2028 (Value %)
FIG. 19 Global Alkaline Water Electrolysis Market, by Power Plants, Value, 2016-2028 (US$ Bn)
FIG. 20 Global Alkaline Water Electrolysis Market, by Steel Plants, Value, 2016-2028 (US$ Bn)
FIG. 21 Global Alkaline Water Electrolysis Market, by Electronics & Photovoltaics, Value, 2016-2028 (US$ Bn)
FIG. 22 Global Alkaline Water Electrolysis Market, by Industrial Gases, Value, 2016-2028 (US$ Bn)
FIG. 23 Global Alkaline Water Electrolysis Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 24 U.S. Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 25 Canada Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 26 Germany Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 27 France Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 28 U.K. Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 29 Italy Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 30 Spain Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 31 Rest of Europe Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 32 China Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 33 Japan Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 34 India Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 35 South Korea Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 36 Southeast Asia Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 37 Rest of Asia Pacific Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 38 Latin America Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 39 Brazil Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 40 Mexico Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 41 Rest of Latin America Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 42 Middle East & Africa Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 43 GCC Countries Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 44 South Africa Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)
FIG. 45 Rest of Middle East and Africa Alkaline Water Electrolysis Market, 2016-2028 (US$ Bn)

 

List of Tables

TABLE 1 Market Snapshot: Global Alkaline Water Electrolysis Market
TABLE 2 Global Alkaline Water Electrolysis Market, by Competitive Benchmarking, 2021
TABLE 3 Global Alkaline Water Electrolysis Market, by Geographical Presence Analysis, 2021
TABLE 4 Global Alkaline Water Electrolysis Market, by Key Strategies Analysis, 2021
TABLE 5 Global Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 6 Global Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 7 Global Alkaline Water Electrolysis Market, by Geography, 2016-2028 (US$ Bn)
TABLE 8 North America Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 9 North America Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 10 North America Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
TABLE 11 US Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 12 US Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 13 Canada Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 14 Canada Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 15 Europe Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 16 Europe Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 17 Europe Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
TABLE 18 Germany Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 19 Germany Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 20 France Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 21 France Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 22 UK Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 23 UK Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 24 Italy Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 25 Italy Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 26 Spain Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 27 Spain Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 28 Rest of Europe Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 29 Rest of Europe Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 30 Asia Pacific Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 31 Asia Pacific Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 32 Asia Pacific Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
TABLE 33 China Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 34 China Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 35 Japan Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 36 Japan Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 37 India Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 38 India Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 39 South Korea Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 40 South Korea Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 41 South East Asia Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 42 South East Asia Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 43 Rest of Asia Pacific Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 44 Rest of Asia Pacific Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 45 Latin America Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 46 Latin America Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 47 Latin America Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
TABLE 48 Brazil Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 49 Brazil Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 50 Mexico Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 51 Mexico Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 52 Rest of Latin America Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 53 Rest of Latin America Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 54 Middle East and Africa Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 55 Middle East and Africa Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 56 Middle East and Africa Alkaline Water Electrolysis Market, by Country, 2016-2028 (US$ Bn)
TABLE 57 GCC Countries Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 58 GCC Countries Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 59 South Africa Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 60 South Africa Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)
TABLE 61 Rest of Middle East and Africa Alkaline Water Electrolysis Market, by Type, 2016-2028 (US$ Bn)
TABLE 62 Rest of Middle East and Africa Alkaline Water Electrolysis Market, by Application, 2016-2028 (US$ Bn)

Frequently Asked Questions:

How does COVID-19 impact the global alkaline water electrolysis market?

The alkaline water electrolysis market experienced stagnant growth due to supply chain disruption and stalled industrial operations due to the widespread impacts of COVID-19. In 2020, the market experienced a negative growth rate of -4.2%. However, favorable government policies and increasing investment opportunities in the sustainable energy industry will help the market growth over the forecast period.

Which is the leading region of the market for alkaline water electrolysis?

Europe accounted for the most heightened share in the global alkaline water electrolysis market.

What are the key drivers for the growth of the alkaline water electrolysis market?

Rising private investments and beneficial government policies toward renewable and sustainable energy sources, as well as the use of hydrogen in steel, chemicals, petroleum, pharmaceuticals, electronics & semiconductors, and power generation, are major factors driving the global alkaline water electrolysis market growth.

Which is the major alkaline water electrolysis market segment by type?

The ≥80 m3/h segments had a major share in the global market in 2021.

Which is the major application segment in the alkaline water electrolysis market?

The power plants segment had a major share in the global market.

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