Lucintel's latest market report analyzed that water electrolysis provides attractive opportunities in the chemical, petroleum, pharmaceutical, power plant, electronics & semiconductor, and steel plant markets. The water electrolysis market is expected to reach $XX billion by 2028 with a CAGR of 32% to 34%. In this market, alkaline water electrolysis is the largest segment by product.
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Based on product, the water electrolysis market is segmented into proton exchange membrane, alkaline water electrolysis, solid oxide electrolyzer cell, anion exchange membrane, and others. The alkaline water electrolysis segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its benefits such as, higher rate of hydrogen production, more compact design, and superior energy efficiency.
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The Water Electrolysis Market is marked by the presence of several big and small players. Some of the prominent players offering water electrolysis include Air Products and Chemicals, AREVA H2Gen, Asahi Kasei Corporation, C&E Environmental Technology, Enagic International, Eneco Holdings, and ErreDue spa.
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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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