Description
China Water Electrolysis Market By Product (Proton Exchange Membrane and Alkaline Water Electrolysis); By End User (Chemicals, Electronics and Semiconductor, Power Plants, Petroleum, Pharmaceuticals, and Others) and Region –Analysis of Market Size, Share and Trends for 2014 – 2019 and Forecasts to 2030.
Product Overview
Electrolysis is a promising alternative for renewable-resource hydrogen production. Electrolysis is the process of separating the water into hydrogen and oxygen using electricity. This reaction occurs within a device called electrolysis. Electrolyzes can vary in size from small appliance-sized equipment that is well suited for small-scale dispersed hydrogen production to large-scale, central production facilities that could be directly connected to renewable or other non-greenhouse-gas-emitting forms of electricity production. Electrolyzes, like fuel cells, consist of an anode and a cathode divided by an electrolyte.
Market Highlights
China Water Electrolysis Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. The market is driven by numerous factors such as increased use of water electrolysis in end-use industries, increased demand for carbon-free energy sources and the highly efficient way to incorporate renewable into the gas facility by means of the fuel. Strict government regulation to minimize the carbon footprint in the local area is expected to contribute further to the growth of the water electrolysis market during the forecast period.
China Water Electrolysis Market: Segments
China Water Electrolysis Market is segmented on the basis of product, end user and region.
By Product (in %), China Water Electrolysis Market, 2019
The Alkaline water electrolysis segment is anticipated to register XX% of the market share during the forecasted period.
By product the market can be segmented into Proton exchange membrane and alkaline water electrolysis. Alkaline water electrolysis segment is expected to lead over the entire forecast period. Alkaline water electrolysis is commonly regarded as advanced technology, and is the most advanced technique for water electrolysis. Alkaline electrolyzes account for the bulk of the water electrolysis power installed worldwide.
China Water Electrolysis Market Dynamics:
Increased water electrolysis usage and government regulations to increase market growth
The market is driven by numerous factors such as increased use of water electrolysis in end-use industries, increased demand for carbon-free energy sources and the highly efficient way to incorporate renewable into the gas facility by means of the fuel. Strict government regulation to minimize the carbon footprint in the local area is expected to contribute further to the growth of the water electrolysis market during the forecast period.
Availability of substitutes and high costs to hinder the market growth in China
A substitute for water electrolysis and increase in the cost of water electrolyzes are some factors causing hindrance in the market for water electrolysis.
China Water Electrolysis Market: Regions
In terms of value and volume, China accounted for XX% of total market volume share in 2019
Various technologies are being introduced in retail stores with the use of hydrogen, such as hydrogen powered bus and hydrogen powered forklifts. Therefore the increased use of hydrogen is expected to boost the demand for water electrolysis. Strict government regulation to minimize the carbon footprint in the local area is expected to contribute further to the growth of the water electrolysis market during the forecast period. Electrolysis of water can be applied in many fields. In China, FCEVs, power plants, steel plants, electronics and photovoltaics, and industrial gases are primarily used in energy storage or fueling.
China Water Electrolysis Market: Competitive landscape
Some factors that improve the role in the market of the key players within the China Water Electrolysis Market have been the improvement in healthcare facilities among key players and availability of favorable reimbursement policies and FDA approvals in developed regions coupled with the growth in preference for minimally invasive procedures.
China Water Electrolysis Market: Key players
• Cook Medical
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Boston Scientific Corporation
• Conmed Corporation
• Richard Wolf GmbH
• Johnson and Johnson
• Fujifilm Holdings
• Medtronic PLC
• Olympus Corporation
• Other prominent players
The China Water Electrolysis Market report also contains analysis on:
China Water Electrolysis Market segments: –
• By Product:
o Proton exchange membrane
o alkaline water electrolysis
• By End User:
o Chemicals
o electronics and semiconductor
o power plants
o petroleum
o pharmaceuticals
o others
• China Water Electrolysis Market dynamics
• China Water Electrolysis Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
