Connect with us


Hydrogen Electrolyzers Market Growth to Increase with Rising Adoption of FCEVs | Technavio


Scope of the report

This report provides a detailed analysis of the hydrogen electrolyzers market by type (alkaline and PEM) and geography (North America, Europe, APAC, MEA, and South America). Also, the report analyzes the markets competitive landscape and offers information on several market vendors, including AREVA H2Gen, Asahi Kasei Corp., Enapter Srl, Giner Inc., Hitachi Zosen Corp., Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG. Increasing strategic partnerships is a key trend in the global hydrogen electrolyzers market which will lead to significant market growth. The market is witnessing a rise in the number of strategic partnerships among stakeholders, end-users, and vendors. This is resulting in the development of clean hydrogen generation technologies to create a sustainable ecosystem. All these factors are leading to a positive outlook for the hydrogen electrolyzers market.

To learn more about the global trends impacting the future of market research, download a free sample now

Hydrogen Electrolyzers Market: Segmentation by Geography

The market is segmented into five regions encompassing North America, Europe, APAC, MEA, and South America. North America was the largest market for hydrogen electrolyzers in 2019, and the region is expected to offer several growth opportunities to market vendors during the forecast period. About 40% of the markets growth will originate from North America during the forecast period. Governments in the region are encouraging the use of fuel cells in the transportation sector, which is increasing the adoption of FCEVs and fuel cell electric buses. In addition, the growing focus on clean energy generation is increasing the scope for fuel cells and hydrogen electrolyzers across various industrial sectors in the region. The US and Canada are the key markets for hydrogen electrolyzers in North America.

Hydrogen Electrolyzers Market: Segmentation by Type

The hydrogen electrolyzers market is segmented into two segments based on the type comprising of alkaline and PEM. The alkaline segment was leading the hydrogen electrolyzers market in 2019. This is due to the low cost of alkaline hydrogen electrolyzers compared to PEM hydrogen electrolyzers. In addition, alkaline hydrogen electrolyzers support a higher MW range stack with a stable operating environment. These factors are creating significant growth potential in the segment.

Technavios in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Hydrogen Electrolyzers Market: Growth Drivers

Growing adoption of fuel cell-powered vehicles will drive market growth. Fuel cells are increasingly becoming popular in the automotive industry and are widely adopted by several EV and material handling manufacturers. Fuel cells offer rapid refueling and eliminate the buffer time associated with charging and cooling, thereby making them more efficient compared to lead-acid batteries. Such benefits are increasing the adoption of fuel cells for range extension and propulsive power in the automotive industry, especially in passenger cars and material handling vehicles. In December 2018, Hyundai Motor Group announced its FCEV Vision 2030 plan. According to the plan, the company will produce 700,000 fuel cell units annually by 2030. The company is also exploring new business opportunities to supply its fuel cell systems to the manufacturers of automobiles, vessels, drones, rolling stocks, and forklifts. Thus, the rising adoption of fuel-cell-powered vehicles is expected to fuel the growth of the global hydrogen electrolyzers market during the forecast period.

Hydrogen Electrolyzers Market: Market Overview

The hydrogen electrolyzers market is fragmented with the presence of several domestic and international players. Hence, companies need to adopt advanced technologies and marketing strategies to remain competitive in the market. AREVA H2Gen, Asahi Kasei Corp., and Enapter Srl are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, competition from alternate technologies of hydrogen production will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Market Sizing Methodology

Technavio uses a robust market sizing approach to estimate the total opportunity size for any market. Some of the examples of methodologies are shown for reference data is collected through both primary research (through industry interview with market participants and industry experts) as well as secondary research (through annual reports, press releases, company and industry presentations, industry associations, journals and in-house data repositories built over past 15 years).

Hydrogen Electrolyzers Market: Parent Market Overview

Technavio categorizes the global hydrogen electrolyzers market as a part of the global renewable electricity market within the global independent power and renewable electricity market. The parent global renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. The global independent power and renewable electricity market size include combined revenue generated by companies involved in the generation and distribution of independent power producers, gas and power marketing and trading specialists, and/or integrated energy merchants and renewable electricity. The market also includes manufacturers of raw material and equipment used in the solar power market.

Growth in the global renewable electricity market will be driven by the increasing number of supporting policies and targets for the deployment of renewable power.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio Best Practices

Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Our focus is on emerging markets and technologies, providing insights not available anywhere else. We report on the latest innovations and trends in all the industries we cover. We also create value for our clients by offering a blend of off-the-shelf research reports and customized research, allowing you to get the information you need when you need it.

Who should purchase this report?

Our research and analysis focus on emerging market trends to help businesses identify market opportunities and develop effective strategies to optimize their market positions. Our research reports are designed to provide actionable insights so that you can make quick, effective, and sound decisions.

Are you looking for data that are tailored specifically for your company? You can rely on Technavio Custom Research Solutions which provide research and insights developed to your exact specifications. We provide flexible engagement models such as on-demand research, a dedicated analyst, an annual research framework, an unlimited program, and more.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]



Cloud Comrade Wins AWS ASEAN’s Migration Partner of the Year Award


SINGAPORE – Media OutReach – 25 November 2020 – Cloud Comrade, a leading Singapore-based cloud managed services provider and AWS Premier Consulting Partner, today announced that Amazon Web Services (AWS) have recognised it as the 2020 ASEAN AWS Migration Partner of the Year.


Since its inception in 2014, Cloud Comrade has been focusing on AWS migrations and managed services. Having implemented hundreds of cloud projects over the years, and with more than 400 customers around the ASEAN region, Cloud Comrade has differentiated itself as the first AWS Premier Partner in ASEAN to receive AWS SAP Competency and AWS Well-Architected partner status. Moreover, Cloud Comrade has also achieved MSP Competency, Migration Competency and is now an AWS Managed Service partner in ASEAN. Besides cloud migrations, Cloud Comrade is also recognised for its extensive experience in the area of complex SAP deployments on AWS.


Cloud Comrade’s customers come from a wide range of industries including manufacturing, financial services, retail, logistics, public sector, education, and healthcare.


Commenting on the award, Andy Waroma, Cloud Comrade’s co-founder and co-managing director, said, “This award is a great testimony to the winning collaboration we have with AWS and our joint customers, and an affirmation of our commitment to be the leading cloud migration and managed services expert. Cloud Comrade has a strong track record of delivering AWS cloud migrations to customers in ASEAN. We are honoured to receive this official recognition for the work and expertise that our employees deliver 24/7 especially during the unusual circumstances in 2020.”


“Each year, we honour AWS Partner Network (APN) Partners who are leaders in the ASEAN channel community and play key roles in helping customers drive innovation and build solutions on AWS,” said Conor McNamara, Managing Director, AWS ASEAN. “The ASEAN APN Partner Awards recognise a wide range of born-in-the-cloud and traditional APN Consulting and Technology Partners whose business models have embraced specialisation and collaboration. Their recent success is testimony to their passion and dedication to providing customers with innovative cloud solutions.”

About Cloud Comrade

Cloud Comrade is a Singapore-based cloud computing consultancy company with presence also in Indonesia and Malaysia. The company offers a comprehensive range of services from strategy and design, to deployment, migration and management of customers’ IT infrastructure. Cloud Comrade partners with the best solution providers in the field of cloud computing and is a preferred Amazon Web Services (AWS) consulting partner in ASEAN, as well as a managed service provider for AWS, Google and Alibaba Cloud. In January 2019, ST Telemedia (, an active strategic investor specialising in communications & media, data centres and infrastructure technology businesses, acquired majority stake in the company. More information on Cloud Comrade can be found at

Continue Reading


Australian Connected Fitness Start Up Vitruvian Raises USD$2.5 Million Capital Seed Round Investment


PERTH, AUSTRALIA – Media OutReach – 25 November 2020 – Vitruvian, an Australian Connected Fitness Technology company, has announced that they have raised USD $2.5m (AUD$3.42m) in capital from industry-leading strategic investors, despite a global pandemic.

[View Image]


This injection allows Vitruvian to ramp up production of their revolutionary strength training device, the V-Form Trainer, which opens to the global retail market tomorrow after months of demand.


Evolution Wellness Group, based in South-East Asia with a portfolio of influential fitness and wellness brands, recognised the value in Vitruvian after trying one of the prototype devices and were quick to lead the round.


Evolution Wellness CEO Simon Flint immediately saw the potential of the innovative product.


“Upon the formation of Evolution Wellness in 2017, we were clear about our ambition and direction for the company, which was to build value with a diverse and exciting portfolio of brands. Our investment in Vitruvian marks our first major foray into the area of connected fitness and is another stepping stone in fulfilling our growth ambition in this fast-paced industry.


Jon and the team have built a first-class product which is going to perform extremely well as it takes a unique spot in the connected fitness category; we look forward to playing a pivotal role in their growth journey to bring the V-Form Trainer into new markets and help more people pursue their health and fitness goals,” said Flint.


The investment was quickly secured after Vitruvian’s successful pre-order campaign, which outsold global category leader Peloton’s pre-order campaign.


The V-Form Trainer promises to dramatically improve the efficiency and accessibility of resistance training.


Driven by intelligent algorithmic technology, the device does away with static weight entirely, rather, it modifies weight loading between 5kg and 180kg to match the user’s ability.


Perth-based founder Jon Gregory, a former high frequency trader whose experience with algorithm-building is the foundation of the device’s offering, was thrilled by the success of the launch.


“The response from consumers has been overwhelming, I knew we were onto something after spending the last 10 years iterating the technology, but I am glad the general fitness community has also bought into what we are building,” says Gregory.

What they’re saying about the V-Form Trainer


It’s almost overwhelming, because I’ve been working for the last 15 years to perfect an eccentrics protocol delivery and 31 years trying to perfect a training system in general — and this changes the game so much.”
–Jim Clarry, Founder Studio Perseverance & Strength Training Authority


“I’m blown away by the efficiency of Vitruvian technology. The device automatically knows if it needs to reduce or increase the weight load and it adapts to how you are lifting during your rep. Plus it enables you to train all major and minor muscle groups in the comfort of your own home!” —Amanda Bisk, Exercise Physiologist & Elite Athlete


“As a fitness expert I have seen a lot of things come and go in this industry. Most of the things I was glad to see go. When I got my hands on the V-Form I was intrigued to use it. The technology truly takes the science of strength training and puts it into a platform that anyone can understand! — Joey Thurman, Celebrity Trainer

Powerful Smart Tech


Using innovative custom-developed motor systems, the V-Form Trainer can output enough resistance for max lifts up to 180kg.  The adaptive force algorithm manages load, dynamically changing resistance to slash the time it takes to build muscle, while logging performance data to monitor progress. Train in a variety of modes: it’s the first device to empower users to train truly eccentrically at significant loads without static weight and without a spotter.


Versatile Flexibility


The connected app and accessories guide full-body, customizable workouts, with over 200 exercises across all muscle groups. Coached classes and technique tutorials are delivered by leading professional trainers.


Sleek Design

Carbon fiber, smooth finish and dynamic lighting make the V-Form Trainer a  sophisticated home feature. Customizable LEDs respond to your force load and the light, flat platform easily stores away out of sight.


Named for Leonardo Da Vinci’s famous drawing of the ideal human physique, Vitruvian empowers users to find their perfect form with unique technology. It’s resistance revolutionized — the smartest way to train. Learn more at
Follow @vitruvian.form.


About Evolution Wellness Group

Established in 2017, Evolution Wellness is Asia’s leading health and wellness group with a vision to build a comprehensive wellness ecosystem. Its diverse portfolio of highly complementary brands spans the spectrum of fitness offerings from high value low price (HVLP), to full service and premium boutique gyms, virtual fitness, connected fitness, wellness and a subscription-based SaaS membership management system. Besides its core business as owner and operator of Asia’s largest network of wholly-owned fitness clubs, Evolution Wellness also offers an attractive licensing programme for its HVLP brand GoFit and premium boutique brand FIRE Fitness, joint venture opportunities and management consultancy for its wellness brand, Fivelements.


For more information about Evolution Wellness, portfolio brands, and services, please visit

Continue Reading


ESR Launches Its Five-Year ESG Roadmap


Driving Positive Impact with Sustainable Solutions for the “New Economy”


HONG KONG SAR – Media OutReach – 25 November 2020 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, has reaffirmed its commitment to long-term sustainable growth by announcing its five-year vision roadmap and targets around ESG (Environmental, Social and Governance) performance.


Following the adoption of a Group ESG Policy and having laid the foundation of its ESG roadmap, ESR’s plan and targets are explicitly aligned with the UN Sustainable Development Goals (SDGs).


The Group has set out a clear vision and targets across the three key pillars of Human Centric, Property Portfolio and Corporate Performance. They include improving gender ratios, achieving zero workforce fatalities, a 50% increase in solar power generation, a 20% reduction in group-wide energy consumption, and US$15 million of social investment in local community foundations by 2030.


Jeffrey Shen and Stuart Gibson, Co-founders and Co-CEOs of ESR, underlined the importance of the roadmap and targets for the Company’s future: “We have been committed to ESG throughout the years and this move strengthens our commitment to a structured framework with tangible goals that we will achieve. Our goal is not just to become bigger but also better, as we continue to advance the industry as a leader and a responsible custodian of our natural resources, stakeholders and communities.”


ESR has achieved robust growth in recent years thanks to being well-positioned to capitalise on the secular growth trends in APAC. As the Group continues to strengthen its commitment to delivering the 21st century logistics infrastructure, the new economic paradigm in this uniquely challenging year has reaffirmed why responsible business will be more important than ever, both in the immediate recovery and longer-term.


“2020 has been shaken with global volatility across all markets. We recognise that the new economy must be built back by purpose-led and responsible businesses and the need to set an example for the industry — not only through eco-efficiencies but also by looking ahead towards opportunities to drive meaningful growth and improve key metrics. This is laid out in our five-year roadmap, a period which will be instrumental for ESR’s business. We look ahead with confidence to the progress and wins we hope to achieve together as we reach our ambitious targets,” continued Mr. Shen and Mr. Gibson.


In addition to its importance to ESR’s customers, business partners and employees, ESG is also increasingly critical from an investor perspective. Greater transparency and accountability on environmental and social matters is a key driver of ESR’s business as the Company’s ESG performance crystallises its approach to sustainability.


Emma Larsson, ESG Officer of ESR, commented: “We are especially conscious of our influence on our stakeholders and are excited and humbled to engage with them to drive positive impact. Our five-year roadmap begins with the scientific foundation that maps our risks, builds capacity in people and systems and then ensures that we foster a culture of learning and transparent communications, so we can hold ourselves fully accountable to progress and development.”


Strategies are in place to ensure that the 2025 targets are achieved. Firstly, ESR aims to integrate ESG considerations into all stages of the business cycle. This includes establishing data management systems, streamlining ESG data collection processes and developing policies while setting annual performance targets and reviews for a fully transparent process.


In order to promote health and wellbeing, engagement programmes with all ESR stakeholders will be strengthened, while conducting regular ESG risk assessments in building safety, energy efficiency, indoor environmental quality and waste and water management.


Across the region ESR is embarking on a climate impact study to shape the Group’s approach to climate adaptation. It also seeks to foster a culture of active ESG learning for employees. Lastly, ESR plans to progress further in ESG reporting each year. This will include a GRI adopted ESG report by 2022, improved GRESB scores and participation at a corporate level, as well as becoming a signatory of the Principles of Responsible Investment (PRI) by 2024.


Please refer to ESR’s ESG 2025 Roadmap for details.


Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News8 mins ago

RB expands its support to Habitat for Humanity to create a cleaner, healthier world

Hong Kong SAR – Media OUtReach – 25 November 2020 – Reckitt Benckiser Hong Kong (“RB”) is expanding its partnership...

gbafNews28 gbafNews28
News8 mins ago

China Dongxiang Announces FY2020/2021 Interim Results

Business Reforms Gradually Deliver Results Revenue and Gross Profit Show Steady Growth Launched Digitalised Omni-channel Operating Platform Optimised Distribution Channel...

gbafNews28 gbafNews28
News8 mins ago

GBG Announces New APAC Managing Director

SINGAPORE – Media OutReach – 25 November 2020 – GBG (AIM:GBG), the global technology specialist in fraud and compliance management, identity verification and location...

gbafNews28 gbafNews28
News8 mins ago

ESR Launches Its Five-Year ESG Roadmap

Driving Positive Impact with Sustainable Solutions for the “New Economy”   HONG KONG SAR – Media OutReach – 25 November 2020 – ESR...

gbafNews28 gbafNews28
News8 mins ago

Cloud Comrade Wins AWS ASEAN’s Migration Partner of the Year Award

SINGAPORE – Media OutReach – 25 November 2020 – Cloud Comrade, a leading Singapore-based cloud managed services provider and AWS Premier Consulting Partner,...

gbafNews28 gbafNews28
News8 mins ago

SugarCRM Acquires Loaded Technologies to Accelerate CX Implementation Services in Australia

CUPERTINO, CALIFORNIA – Media OutReach – 25 November 2020 – SugarCRM Inc., the innovator of time-aware CX, today announced the acquisition of Loaded Technologies, ...

gbafNews28 gbafNews28
News8 mins ago

Human Regenerator Jet World Exclusive Regeneration Technology unveiled

BAD ZWISCHENAHN, GERMANY – EQS Newswire – 25 November 2020 – System4 Technologies GmbH, a German developer and producer of...

gbafNews28 gbafNews28
News8 mins ago

Impossible Marketing Clinches Title Of ‘Search Marketing Agency Of The Year 2020’

SINGAPORE – Media OutReach – 25 November 2020 – Leading digital marketing agency Impossible Marketing has once again proven itself as a force...

gbafNews28 gbafNews28
News8 mins ago

Connected Fitness Start Up Vitruvian Raises USD$2.5 Million Capital Seed Round Investment

PERTH, AUSTRALIA – Media OutReach – 25 November 2020 – Vitruvian, an Australian Connected Fitness Technology company, has announced that they have raised...

gbafNews28 gbafNews28
News8 mins ago

Australian Connected Fitness Start Up Vitruvian Raises USD$2.5 Million Capital Seed Round Investment

PERTH, AUSTRALIA – Media OutReach – 25 November 2020 – Vitruvian, an Australian Connected Fitness Technology company, has announced that they have raised...