The hydrogen electrolyzer market is likely to witness strong growth through 2030 with an impressive 10% CAGR. A new FMI study says that the pandemic is likely to negatively impact the hydrogen electrolyzer market, as key manufacturers and developers face major liquidity crunch, as investors are hesitant to finance the sector, and governments are delaying climate change policies in light of unprecedented economic uncertainty in the year ahead.

‘Research and development efforts to improve the efficiency of hydrogen electrolyzer in terms of membranes and catalysts are expected to support market developments. Major changes in user awareness on renewable energy and sustainability to influence product development strategies in the long term,’ states the FMI analyst.

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Hydrogen Electrolyzer Market- Critical Takeaways

• Innovations in solid alkaline exchange membranes are contributing to high demand for alkaline hydrogen electrolyzers.
• Energy conversion applications of hydrogen electrolyzers account for significant revenue share, aided by renewable energy initiatives.
• Developed regions such as Europe and North America are leading hydrogen electrolyzer markets, supported by high investments in renewable energy, and hydrogen applications in industrial verticals.

Hydrogen Electrolyzer Market- Drivers

• Growing number of collaborations between private and public parties towards hydrogen applications in the power and automotive sectors.
• Innovations in high pressure electrolyzer and hydrogen storage systems aid key market developments.

Hydrogen Electrolyzer Market- Restraints

• Hydrogen electrolyzers are not as cost efficient as conventional hydrogen production processes, which is a key challenge for market players.
• Competition from alternative renewable energy sources are hindering scope of market expansion.

Coronavirus Impact on Hydrogen Electrolyzer Market

In the short term, the coronavirus pandemic has massively impacted small scale companies, which are involved in technology development, owing to a significant shortage of cash flow, as revenues fall during the crisis, resulting in job cuts and even bankruptcy. Further, delayed environmental and climate policies are hurting hydrogen electrolysis projects. With a lack of investments, recovery of the industry is likely to be slow in the months ahead.

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Table Of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Market Analysis

    1.3. Analysis and Recommendations

    1.4. Wheel of Fortune

    1.5. Key Takeaways by Demand Overview

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition

3. Key Market Trends
4. Key Success Factors
5. Global Hydrogen Electrolyzer Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2019-2029

    5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019

    5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029

    5.3. Y-o-Y Growth Trend Analysis

    5.4. Absolute $ Opportunity Analysis

6. Global Hydrogen Electrolyzer Market – Pricing Analysis

    6.1. Pricing Break-up

7. Global Hydrogen Electrolyzer Market Demand Analysis 2015-2019 and Forecast, 2019-2029

    7.1. Historical Market Volume (Units) Analysis, 2015-2019

    7.2. Current and Future Market Volume (Units) Projections, 2019-2029

    7.3. Y-o-Y Growth Trend Analysis

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