Published by mark itwired
Posted on October 5, 2021
4 min readLast updated: January 31, 2026
The water electrolysis market is set to exceed $10.2 billion by 2030, driven by renewable energy applications, despite COVID-19 challenges.
The global water electrolysis machine market has been impacted marginally by the coronavirus pandemic. As per a new report by Future Market Insights (FMI), the industry surpassed US$ 10.6 billion in 2019 and is estimated to reflect a healthy 7.6% CAGR through 2030. Innovations in crude oil processing applications will support developments in the market.
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Despite the steady rise of the water electrolysis machine market, prohibitive capital costs and high levels of electricity consumption restrain market growth.
The growth of the water electrolysis machine market is expected to be marginally slower that previous years owing to the ongoing coronavirus pandemic. Restrictions on transportation, logistics, and trade have disrupted supply chains for raw materials and components essential for the functioning o the water electrolysis machines.
Restrictions on non-essential commodities also hurt market growth. The market is likely to start recovery towards the end of 2020. The focus on research activities and product development are likely to aid market players in leveraging growth opportunities in the post pandemic era.
The market study by Future Market Insights has provided in-depth details on major business strategies that play influencing roles in the water electrolysis machine market. Major players in the industry have been focused on strategic acquisitions and collaborations, in addition to the consolidation of market presence through product development endeavors.
Air Products & Chemicals Inc., Toshiba Energy Systems & Solutions Corp., Nel ASA, Thyssenkrupp Uhde Chlorine Engineers GmbH, AREVA H2Gen, Teledyne Technologies Inc., Asahi Kasei Corp., Kobelco Eco-Solutions Co. Ltd., C&E Environmental Technology Co. Ltd. are major companies operating in the water electrolysis machine market.
Type
Input Power
Hydrogen Production
End Use
Regional Outlook
A recent market study published by FMI on the Water Electrolysis Machine Market includes global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Water Electrolysis Machine Market, the growth prospects of the market are obtained with maximum precision.
The post Water Electrolysis Machine Market expected to reach US$ 10.2 billion & 7.6% CAGR through 2020-2030 appeared first on Industry News Analsis.
The article discusses the growth and trends in the water electrolysis machine market, projected to reach $10.2 billion by 2030.
How has COVID-19 affected the market? The pandemic has slowed growth due to supply chain disruptions.
What regions are leading in market growth? East Asia, particularly China and Japan, are showing significant growth.
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