Hydrogen Electrolyzer Market Projected to Expand 2.5x by 2030; Liquidity Shortage and Climate Policy Delays Will Hinder Growth During Pandemic – Future Market Insights

Hydrogen electrolyzer manufacturers are consistently lobbying for access to renewable energy markets and public funding for supporting power grid applications through the crisis period.

DUBAI, UAE / ACCESSWIRE / August 4, 2020 / Future Market Insights: 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.

Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-1946

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.

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-1946

Competitive Landscape

Accagen SA, Siemens AG, Next Hydrogen, Nel Hydrogen, Beijing CEI Technology, McPhy Energy SA, iGas Energy GmbH, ITM Power plc, GreenHydrogen ApS, and Giner Inc. are some of the leading hydrogen electrolyzer manufacturers.

Prominent manufacturers in the hydrogen electrolyzer market are investing in large scale collaborations with public bodies to set up hydrogen power grids and backups for corporate, regional, and national applications, to set up long term, sustainable revenue streams.

For instance, Microsoft is currently experimenting with hydrogen fuel cells, and electrolyzers at power grids for load balancing applications in datacenter settings. Apex Energy has launched a 2MW zero-carbon plant, equipped with McPhy Energy electrolyzers. California based Bloom Energy is initiating sales of hydrogen electrolyzers to recharge the company’s fuel cell offerings.

Get full Report Now@ https://www.futuremarketinsights.com/checkout/1946

About the Study

The study offers readers a comprehensive assessment of the hydrogen electrolyzer market. Global, regional and national-level analysis of the latest trends influencing the hydrogen electrolyzer market is covered in this FMI report. The study provides insights according to product type (proton exchange membrane electrolyzer, alkaline electrolyzer, and solid oxide electrolyzer), capacity (low, medium and high), output pressure (low, medium, and high), and application (ammonia, methanol, refinery, electronics, energy, power to gas, transport, metal production, pharma, food & beverage, glass, and others), in seven regions (North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).

Explore FMI’s Coverage of the Industrial Automation & Equipment Industry

Conveyor System Market– Get insights on the conveyor system market through FMI’s report covering detailed quantitative and qualitative analysis for projection period 2019-2029.

Lead Acid Battery Market– FMI’s exhaustive study on the global lead acid battery market covers the latest trends, innovations, key players, and popular strategies for the period 2020-2030.

Magnetic Separator Market– Obtain detailed analysis on the magnetic separator market through FMI’s report covering competitive analysis, key regions, and segmental analysis for 2019-2029.

About Future Market Insights

Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the industrial automation and equipment sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: sales@futuremarketinsights.com

For Media Enquiries: press@futuremarketinsights.com

Report: https://www.futuremarketinsights.com/reports/hydrogen-electrolyzer-market

Press Release Source: https://www.futuremarketinsights.com/press-release/hydrogen-electrolyzer-market

SOURCE: Future Market Insights

View source version on accesswire.com:
https://www.accesswire.com/600212/Hydrogen-Electrolyzer-Market-Projected-to-Expand-25x-by-2030-Liquidity-Shortage-and-Climate-Policy-Delays-Will-Hinder-Growth-During-Pandemic–Future-Market-Insights