{"id":45289,"date":"2020-07-14T21:00:00","date_gmt":"2020-07-14T21:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2651914"},"modified":"2020-07-14T21:00:00","modified_gmt":"2020-07-14T21:00:00","slug":"water-electrolysis-market-2020-2025-sars-cov-2-covid-19-analysis-swot-analysis-and-competitive-landscape-with-worldwide-overview-size-share-global-leaders-drivers-restraints-major-segments-a","status":"publish","type":"post","link":"http:\/\/ipsnews.net\/business\/2020\/07\/14\/water-electrolysis-market-2020-2025-sars-cov-2-covid-19-analysis-swot-analysis-and-competitive-landscape-with-worldwide-overview-size-share-global-leaders-drivers-restraints-major-segments-a\/","title":{"rendered":"Water Electrolysis Market 2020-2025 (SARS-CoV-2, Covid-19 Analysis) | SWOT Analysis and Competitive Landscape With Worldwide Overview, Size, Share, Global Leaders, Drivers-Restraints, Major Segments and Regional Trends"},"content":{"rendered":"

Rising Demand for Decarbonized Hydrogen to Drive Forward Global Water Electrolysis Market<\/strong><\/p>\n

Industrial procedures done in an eco-friendly manner are always a sign of avant-garde technology. Water electrolysis is one such procedure which marks the blend of technology and eco-awareness. The process releases hydrogen, which is carbon-free, as a sustainable fuel, and for the production of ammonia methanol and fertilizers. The global water electrolysis market<\/a> is expecting a growth with an astounding CAGR of 6.31% during the forecast period (2015-2023). Market Research Future (MRFR) in an extensive report asserts that the market can climb up to an estimated value of USD 11,426.8 million during the same period riding on demands generated by mainly chemical, petroleum, and pharmaceutical industries.<\/p>\n

However, various substitutes of this method such as natural gas reforming, coal gasification, biomass gasification, and solar thermochemical hydrogen can rein in the normal growth by a considerable margin. At the same time, the process incurs massive cost which can hamper the expected market growth.<\/p>\n

Know More About COVID-19 Outbreak Impact on this Report<\/strong><\/p>\n

The Final Report will include Continue feed research analysis for covid-19 impact<\/strong><\/p>\n

Get a FREE Report Sample with Table of Contents and Figures @<\/strong>https:\/\/www.marketresearchfuture.com\/sample_request\/4133<\/a><\/p>\n

Market Dashboard:<\/strong><\/p>\n

The global market is eyeing for strategies that would help in market expansion. The densely packed market is competitive enough where market influencers are going to develop plans to stay afloat. For instance, Praxair Inc.andLinde AGalliance could ensure a cross-country business expansion. On the other hand, Air Products announced its acquisition of the Rotoflo turboexpander business from Baker Hughes, a GE company, to expand its market portfolio.<\/p>\n

Prominent players in global water electrolysis market are ThyssenKrupp AG (Germany), Linde AG (Germany), Air Products and Chemicals, Inc. (U.S.), Siemens AG (Germany), ProtonOnsite (U.S.), Teledyne Energy System Inc. (U.S.), Areva H2Gen (France), Hydrogenics Corporation (Canada), Erre Due s.p.a (Italy) and Peak Scientific (Scotland), and others.<\/p>\n

Industry News:<\/strong><\/p>\n

Researchers from Energy Science and Engineering at Daegu Gyeongbuk Institute of Science and Technology (DGIST) in collaboration with Pacific Northwest National Laboratory (PNNL) has developed a highly efficient, ultra-durable core-shell nanostructured electrocatalystthat will invite low cost. The research can revolutionize the sector and assist it to reach to a wider audience.<\/p>\n

Voestalpine in Linz has launched, the world’s most extensive and the most efficient among its kind, water electrolysis plant that would use proton exchange membrane(PEM) electrolysis process developed by Siemens.<\/p>\n

Segmentation:<\/strong><\/p>\n

The market can be segmented by technology and end-user.<\/p>\n

Based on technology, the market can be segmented into alkaline water electrolysis and proton exchange membrane. The former segment accounted for the largest share in the global market and is expected to retain its current position during the forecast period with the fastest CAGR.<\/p>\n

By end-user, the market comprises chemical, petroleum, pharmaceutical, power plants, electronics & semiconductor, and others. Chemical industry owns the maximum share of the market. Petroleum sector is catching up quickly with increased expenditure in research and development.<\/p>\n

Regional Analysis:<\/strong><\/p>\n

Based on region, the global water electrolysis market can be segmented by Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).<\/p>\n

The APAC region is controlling the market with a significant 34.2% (as measured in 2016) of the global market share and is projected to grow further during the forecast period. China and India, two emerging economies, are the major market contributors as the burgeoning industries in those regions are commanding remarkable market share. China relies heavily on such hydrogen to process heavy crude oil.<\/p>\n

The North American chemical industry is boosting the regional water electrolysis market as the region has a comparatively low gas price. End-user industries are also going to drive the market further as the infrastructure to support the industries is only getting better with time in this region.<\/p>\n

Key Questions Addressed by the Report<\/span><\/strong><\/p>\n