PEM Electrolyzer Market - A Global and Regional Analysis - Focus on End User, Material Type, and Region - Analysis and Forecast, 2022-2031
Global PEM Electrolyzer Market: Industry Overview
The demand for PEM electrolyzers is anticipated to grow with the increasing demand from the end-use industries such as ammonia production, refining industry, power and energy storage, transportation, methanol production, and others. Furthermore, it is anticipated that during the projected period 2022-2031, the increasing adoption of PEM electrolyzers in generating green hydrogen and the investment from the government and private sector companies toward renewable energy is expected to further fuel the advancement of the global PEM electrolyzer market. However, the lack of hydrogen infrastructures, such as hydrogen storage and hydrogen transportation, is anticipated to hinder market growth in the upcoming future.
Market Lifecycle Stage
The global PEM electrolyzer market is in the growth phase. Rising sales of fuel cell vehicles and increasing focus on decarbonization and controlling greenhouse emissions are expected to boost market growth. Furthermore, due to high demand from the end-user industries and rising government regulations related to controlling GHG emissions are expected to increase the demand for eco-sustainable fuels, thereby bolstering the global PEM electrolyzer market. Moreover, the global PEM electrolyzer market is expected to benefit from the growing demand for green hydrogen, which would promote market expansion. The requirement for PEM electrolyzers is being stimulated by fuel cell electric vehicles as well.
Industrial Impact
Growing demand for hydrogen and green hydrogen is the main driving force behind the growing interest in the PEM electrolyzer market. As a result, these materials are getting prominence in a variety of industries, including transportation, refining industry, and power and energy storage, among others. One area where implementation has been significantly greater is ammonia production, which has created opportunities for both existing market participants and market entrants.
Furthermore, PEM electrolyzers have a moderate to high impact on end-user industries; however, in the upcoming future, with increased production of ammonia, electric vehicles, and other applications, the impact is anticipated to increase.
Impact of COVID-19
The PEM electrolyzer market was affected positively by COVID-19 as an investment in renewable energy surged to record heights and sales of fuel cell vehicles increased. The sales of fuel cell vehicles (FCVs) reduced significantly in 2020, with only 937 vehicles sold in the U.S., according to the California Fuel Cell Partnership. However, the sales rebounded spectacularly in 2021, with an increase of 257% year-over-year and a record 3,341 fuel cell vehicles sold. The PEM electrolyzer market was among the few markets that were positively affected by COVID-19, and the market has since continued its growth. The demand for green hydrogen is growing day by day, and with rising sales of fuel cell vehicles and a growing emphasis on decarbonization and sustainability, the demand for PEM electrolyzers is expected to keep on growing in the coming years.
Market Segmentation:
Segmentation 1: by End User
Refining Industry
Power and Energy Storage
Ammonia Production
Methanol Production
Transportation
Others
Based on end users, ammonia production led the global PEM electrolyzer market in 2021
Segmentation 2: by Material Type
Iridium
Platinum
Others
The global PEM electrolyzer market was led by platinum in terms of material type in 2021.
Segmentation 4: by Region
North America – U.S., Canada, and Mexico
Europe – Germany, France, Netherlands, Spain, and Rest-of-Europe
China
U.K.
Asia-Pacific and Japan – Japan, India, South Korea, Australia, and Rest-of-Asia-Pacific
Rest-of-the-World– South America, and Middle East and Africa
In the global PEM electrolyzer market, Europe dominates the market due to the presence of several leading companies, such as Nel ASA, ITM Power PLC, and many more, along with a highly developed renewable energy market and growing sales of fuel cell vehicles.
Recent Developments in the Global PEM Electrolyzer Market
In March 2022, Elogen received an order of 1 MW proton exchange membrane (PEM) electrolyzer from Communauté d’Agglomération Pau Béarn Pyrénées. Elogen would design and produce this PEM electrolyzer and would deliver it in the first half of 2023 to the Lescar wastewater treatment site.
In April 2022, Ohmium received an investment of around $45 million from one of its investors, Fenice Investment Group. The fund is expected to support the growth of the company and help it to increase the hydrogen manufacturing capacity from 500 MW to 2 GW annually by the end of 2022.
In July 2022, Plug Power Inc. signed a contract with an international energy company, Irving Oil, to supply a 5-megawatt (MW) containerized proton exchange membrane (PEM) electrolyzer system for the production and distribution of hydrogen at its Saint John, New Brunswick refinery in Canada.
Demand – Drivers and Limitations
The following are the demand drivers for the global PEM Electrolyzer market:
Rising Adoption of Fuel Cell Electric Vehicles (FCEVs)
Prevailing Research and Development Initiatives for Technological Advancements in PEM Electrolyzer
Increasing Demand for Green Hydrogen
The market is expected to face some limitations as well due to the following challenges:
High Energy Losses during Production Process
High Cost of Production due to the Use of Precious Metals in PEM Technology
Analyst View
According to Sachin Singh, Lead Analyst, BIS Research, “PEM electrolysis has gained growth in recent years due to a growing emphasis on environmentally friendly and low-carbon technology. PEM electrolysis is gaining popularity among companies as there is zero carbon emission, and it uses electricity as a feedstock. This electricity is generated by renewable energy sources such as wind and solar, which are abundant and produce no greenhouse gases. Furthermore, due to a number of technical and performance advancements in proton exchange membrane electrolyzer, the market is anticipated to expand quickly during the forecast period.”
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the different material types involved in the production of PEM electrolyzers. Moreover, the study provides the reader with a detailed understanding of the global PEM electrolyzer market based on the end user (refining industry, ammonia production, methanol production, power and energy storage, transportation, and others). PEM electrolyzers are gaining traction in end-user industries on the back of sustainability concerns and their high-power density properties. They are also being used for controlling GHG emissions.
Growth/Marketing Strategy: The global PEM electrolyzer market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the global PEM electrolyzer market. For instance, in May 2022, Ohmium signed a collaboration agreement with Politecnico di Torino University in Turin, Italy. Ohmium is focused on developing next-generation catalyst materials used in PEM electrolysis, and the collaboration is expected to help the company determine the requirements for future projects.
Competitive Strategy: Key players in the global PEM electrolyzer market analyzed and profiled in the study involve PEM electrolyzer manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global PEM electrolyzer market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.
The global PEM electrolyzer market has been segmented by different end users, among which ammonia production captured around 33.0% of the market as of 2021. Other end users, including transportation, accounted for around 15.6%, the refining industry accounted for 22.6%, power and energy storage accounted for 7.2%, methanol production accounted for 4.7%, and other end-use industry accounted for 16.9% of the total demand in 2021 in terms of value.
Some of the established names in this market are:
Company Type (by End User)
Plug Power Inc
Nel ASA
Cummins. Inc.
ITM Power PLC
Hitachi Zosen Corporation
Elogen
Siemens Energy
Ningbo Vet Energy Technology Co., Ltd.
Companies that are not a part of the previously mentioned pool have been well represented across different sections of the report (wherever applicable).
*PDF email from publisher allows for 1-3 users, with permission to print*
- 1 Markets
- 1.1 Industry Outlook
- 1.1.1 Trends: Current and Future
- 1.1.1.1 Rising Government Efforts to Construct Low-Carbon Infrastructure
- 1.1.1.2 Surge in Sustainable Hydrogen Economy
- 1.1.1.3 Rising Demand for Advanced Electrolysis Technologies
- 1.1.2 Supply Chain Analysis
- 1.1.3 Ecosystem/Ongoing Programs
- 1.1.3.1 Consortiums and Associations
- 1.1.3.2 Regulatory Bodies
- 1.1.3.3 Government Programs
- 1.1.3.4 Programs by Research Institutions and Universities
- 1.1.4 Impact of COVID-19 on the PEM Electrolyzer Market
- 1.1.5 Impact of Russia-Ukraine Conflict on the PEM Electrolyzer Market
- 1.1.5.1 Impact on the Supply Chain of the PEM Electrolyzer Market
- 1.1.5.2 Sanctions on Russia and Evaluation of These Sanctions
- 1.1.5.2.1 Effect of Sanctions on Russia
- 1.1.5.2.2 Impact of Sanctions on other Countries
- 1.1.5.3 The Road Ahead
- 1.1.5.3.1 Key Metal Importers from Russia
- 1.1.5.3.2 New Sourcing Avenues for Key Metal Importers from Russia
- 1.1.6 Impact of Iridium Demand-Supply Gap on the PEM Electrolyzer Market
- 1.1.6.1 Global Iridium Demand-Regional Analysis and Specification
- 1.1.6.1.1 North America
- 1.1.6.1.2 Europe
- 1.1.6.1.3 U.K.
- 1.1.6.1.4 China
- 1.1.6.1.5 Asia-Pacific and Japan
- 1.1.6.1.6 Rest-of-the-World
- 1.1.7 Global Iridium Demand Analysis (by Region), Value and Volume Data, 2021 to 2031
- 1.1.7.1 Global Iridium Demand Analysis (by Region), Volume, 2021 to 2031
- 1.1.7.2 Global Iridium Demand Analysis (by Region), Value, 2021 to 2031
- 1.1.8 Iridium Impact on PEM Electrolyzer: Current and Future
- 1.1.8.1 Iridium Scarcity and Deposits
- 1.1.8.2 Methods to Reduce Iridium Dependence
- 1.1.8.3 Research and Development Activities by Universities/Institutes
- 1.1.8.4 Company Innovations to Lessen Reliance on Iridium
- 1.1.8.5 Proposed Activities to Enhance the Efficiency of PEM Electrolyzers
- 1.1.8.6 Iridium, Osmium, and Ruthenium: Import and Export Analysis by key Countries, (2017-2021)
- 1.1.9 Global Iridium Supply and Demand Gap
- 1.1.10 PEM Electrolyzer Market Scenario: Historical vs Realistic vs Optimistic, MW, 2021-2031
- 1.1.11 Detailed Analysis of Key Steps Taken by Key 10 PEM Electrolyzer Manufacturers to Mitigate Iridium Demand-Supply Gap
- 1.1.11.1 Plug Power Inc.
- 1.1.11.1.1 Iridium Procurement Analysis
- 1.1.11.1.1.1 Key Challenges Faced by the Company
- 1.1.11.1.1.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.1.2 Plug Power Inc.: SWOT Analysis
- 1.1.11.2 ITM Power PLC
- 1.1.11.2.1 Company Overview
- 1.1.11.2.2 Iridium Procurement Analysis
- 1.1.11.2.2.1 Key Challenges Faced by the Company
- 1.1.11.2.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.2.3 ITM Power PLC: SWOT Analysis
- 1.1.11.3 Cummins Inc.
- 1.1.11.3.1 Company Overview
- 1.1.11.3.2 Iridium Procurement Analysis
- 1.1.11.3.2.1 Key Challenges Faced by the Company
- 1.1.11.3.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.3.3 Cummins Inc.: SWOT Analysis
- 1.1.11.4 Siemens Energy AG
- 1.1.11.4.1 Company Overview
- 1.1.11.4.2 Iridium Procurement Analysis
- 1.1.11.4.2.1 Key Challenges Faced by the Company
- 1.1.11.4.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.4.3 Siemens Energy AG: SWOT Analysis
- 1.1.11.5 Ohmium International, Inc.
- 1.1.11.5.1 Company Overview
- 1.1.11.5.2 Iridium Procurement Analysis
- 1.1.11.5.2.1 Key Challenges Faced by the Company
- 1.1.11.5.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.5.3 Ohmium International, Inc.: SWOT Analysis
- 1.1.11.6 Hystar
- 1.1.11.6.1 Company Overview
- 1.1.11.6.2 Iridium Procurement Analysis
- 1.1.11.6.2.1 Key Challenges Faced by the Company
- 1.1.11.6.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.6.3 Hystar: SWOT Analysis
- 1.1.11.7 Nel ASA
- 1.1.11.7.1 Company Overview
- 1.1.11.7.2 Iridium Procurement Analysis
- 1.1.11.7.2.1 Key Challenges Faced by the Company
- 1.1.11.7.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.7.3 Nel ASA: SWOT Analysis
- 1.1.11.8 Hitachi Zosen Corporation
- 1.1.11.8.1 Company Overview
- 1.1.11.8.2 Iridium Procurement Analysis
- 1.1.11.8.2.1 Key Challenges Faced by the Company
- 1.1.11.8.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.8.3 Hitachi Zosen Corporation: SWOT Analysis
- 1.1.11.9 Elogen
- 1.1.11.9.1 Company Overview
- 1.1.11.9.2 Iridium Procurement Analysis
- 1.1.11.9.2.1 Key Challenges Faced by the Company
- 1.1.11.9.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.9.3 Elogen: SWOT Analysis
- 1.1.11.10 H-TEC SYSTEMS GmbH
- 1.1.11.10.1 Company Overview
- 1.1.11.10.2 Iridium Procurement Analysis
- 1.1.11.10.2.1 Key Challenges Faced by the Company
- 1.1.11.10.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
- 1.1.11.10.3 H-TEC SYSTEMS GmbH: SWOT Analysis
- 1.2 Business Dynamics
- 1.2.1 Business Drivers
- 1.2.1.1 Increasing Demand for Green Hydrogen
- 1.2.1.2 Rising Adoption of Fuel Cell Electric Vehicles (FCEVs)
- 1.2.1.3 Prevailing Research and Development Initiatives for Technological Advancements
- 1.2.2 Business Challenges
- 1.2.2.1 High Energy Losses during Production Process
- 1.2.2.2 High Cost of Production due to Usage of Precious Metals in PEM Technology
- 1.2.3 Business Strategies
- 1.2.3.1 Market Developments
- 1.2.4 Corporate Strategies
- 1.2.4.1 Partnerships, Collaborations, and Joint Ventures
- 1.2.5 Business Opportunities
- 1.2.5.1 Rising Need for Hydrogen Energy Storage Infrastructure
- 1.2.5.2 Rising Demand for Green Fuel Technologies and Green Fertilizers
- 1.3 Start-Up/Emerging Manufacturer Landscape
- 1.3.1 Key Start-Ups/Emerging Manufacturers in the Ecosystem
- 1.3.2 New Products/Offerings
- 2 Application
- 2.1 Global PEM Electrolyzer Market (Applications and Specifications)
- 2.1.1 Global PEM Electrolyzer Market (by End User)
- 2.1.1.1 Refining Industry
- 2.1.1.2 Power and Energy Storage
- 2.1.1.3 Ammonia Production
- 2.1.1.4 Methanol Production
- 2.1.1.5 Transportation
- 2.1.1.6 Others
- 2.2 Demand Analysis of PEM Electrolyzer Market (by End User), Volume and Value Data
- 3 Products
- 3.1 Global PEM Electrolyzer Market (Products and Specifications)
- 3.1.1 Global PEM Electrolyzer Market (by Material Type)
- 3.1.1.1 Platinum
- 3.1.1.2 Iridium
- 3.1.1.3 Others
- 3.2 Demand Analysis of PEM Electrolyzer Market (by Material Type), Value Data
- 3.3 Product Benchmarking: Growth Rate – Market Share Matrix, By Material Type, 2021
- 3.4 PEM Electrolyzer Market: Average Pricing Analysis
- 3.5 Patent Analysis
- 3.1.1 Patent Analysis (by Status)
- 3.1.2 Patent Analysis (by Organization)
- 4 Regions
- 4.1 North America
- 4.1.1 Market
- 4.1.1.1 Key Producers and Suppliers in North America
- 4.1.1.2 Business Drivers
- 4.1.1.3 Business Challenges
- 4.1.2 Applications
- 4.1.2.1 North America PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.1.3 Products
- 4.1.3.1 North America PEM Electrolyzer Market (by Material Type), Value Data
- 4.1.4 North America (by Country)
- 4.1.4.1 U.S.
- 4.1.4.1.1 Market
- 4.1.4.1.1.1 Buyer Attributes
- 4.1.4.1.1.2 Key Producers and Suppliers in the U.S.
- 4.1.4.1.1.3 Regulatory Landscape
- 4.1.4.1.1.4 Business Drivers
- 4.1.4.1.1.5 Business Challenges
- 4.1.4.1.2 Applications
- 4.1.4.1.2.1 U.S. PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.1.4.1.3 Products
- 4.1.4.1.3.1 U.S. PEM Electrolyzer Market (by Material Type), Value Data
- 4.1.4.2 Canada
- 4.1.4.2.1 Market
- 4.1.4.2.1.1 Buyer Attributes
- 4.1.4.2.1.2 Key Producers and Suppliers in Canada
- 4.1.4.2.1.3 Regulatory Landscape
- 4.1.4.2.1.4 Business Drivers
- 4.1.4.2.1.5 Business Challenges
- 4.1.4.2.2 Applications
- 4.1.4.2.2.1 Canada PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.1.4.2.3 Products
- 4.1.4.2.3.1 Canada PEM Electrolyzer Market (by Material Type), Value Data
- 4.1.4.3 Mexico
- 4.1.4.3.1 Market
- 4.1.4.3.1.1 Buyer Attributes
- 4.1.4.3.1.2 Key Producers and Suppliers in Mexico
- 4.1.4.3.1.3 Regulatory Landscape
- 4.1.4.3.1.4 Business Drivers
- 4.1.4.3.1.5 Business Challenges
- 4.1.4.3.2 Applications
- 4.1.4.3.2.1 Mexico PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.1.4.3.3 Products
- 4.1.4.3.3.1 Mexico PEM Electrolyzer Market (by Material Type), Value Data
- 4.2 Europe
- 4.2.1 Market
- 4.2.1.1 Key Producers and Suppliers in Europe
- 4.2.1.2 Business Drivers
- 4.2.1.3 Business Challenges
- 4.2.2 Applications
- 4.2.2.1 Europe PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.3 Products
- 4.2.3.1 Europe PEM Electrolyzer Market (by Material Type), Value Data
- 4.2.4 Europe (by Country)
- 4.2.4.1 Germany
- 4.2.4.1.1.1 Buyer Attributes
- 4.2.4.1.1.2 Key Producers and Suppliers in Germany
- 4.2.4.1.1.3 Regulatory Landscape
- 4.2.4.1.1.4 Business Drivers
- 4.2.4.1.1.5 Business Challenges
- 4.2.4.1.2 Applications
- 4.2.4.1.2.1 Germany PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.4.1.3 Products
- 4.2.4.1.3.1 Germany PEM Electrolyzer Market (by Material Type), Value Data
- 4.2.4.2 France
- 4.2.4.2.1 Market
- 4.2.4.2.1.1 Buyer Attributes
- 4.2.4.2.1.2 Key Producers and Suppliers in France
- 4.2.4.2.1.3 Regulatory Landscape
- 4.2.4.2.1.4 Business Drivers
- 4.2.4.2.1.5 Business Challenges
- 4.2.4.2.2 Applications
- 4.2.4.2.2.1 France PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.4.2.3 Products
- 4.2.4.2.3.1 France PEM Electrolyzer Market (by Material Type), Value Data
- 4.2.4.3 Netherlands
- 4.2.4.3.1 Market
- 4.2.4.3.1.1 Buyer Attributes
- 4.2.4.3.1.2 Key Producers and Suppliers in the Netherlands
- 4.2.4.3.1.3 Regulatory Landscape
- 4.2.4.3.1.4 Business Drivers
- 4.2.4.3.1.5 Business Challenges
- 4.2.4.3.2 Applications
- 4.2.4.3.2.1 Netherlands PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.4.3.3 Products
- 4.2.4.3.3.1 Netherlands PEM Electrolyzer Market (by Material Type), Value Data
- 4.2.4.4 Spain
- 4.2.4.4.1 Market
- 4.2.4.4.1.1 Buyer Attributes
- 4.2.4.4.1.2 Key Producers and Suppliers in Spain
- 4.2.4.4.1.3 Regulatory Landscape
- 4.2.4.4.1.4 Business Drivers
- 4.2.4.4.1.5 Business Challenges
- 4.2.4.4.2 Applications
- 4.2.4.4.2.1 Spain PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.4.4.3 Products
- 4.2.4.4.3.1 Spain PEM Electrolyzer Market (by Material Type), Value Data
- 4.2.4.5 Rest-of-Europe
- 4.2.4.5.1 Market
- 4.2.4.5.1.1 Buyer Attributes
- 4.2.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
- 4.2.4.5.1.3 Business Drivers
- 4.2.4.5.1.4 Business Challenges
- 4.2.4.5.2 Applications
- 4.2.4.5.2.1 Rest-of-Europe PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.2.4.5.3 Products
- 4.2.4.5.3.1 Rest-of-Europe PEM Electrolyzer Market (by Material Type), Value Data
- 4.3 U.K.
- 4.3.1 Market
- 4.3.1.1 Buyer Attributes
- 4.3.1.2 Key Producers and Suppliers in the U.K.
- 4.3.1.3 Regulatory Landscape
- 4.3.1.4 Business Drivers
- 4.3.1.5 Business Challenges
- 4.3.2 Applications
- 4.3.2.1 U.K. PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.3.3 Products
- 4.3.3.1 U.K. PEM Electrolyzer Market (by Material Type), Value Data
- 4.4 China
- 4.4.1 Market
- 4.4.1.1 Buyer Attributes
- 4.4.1.2 Key Producers and Suppliers in China
- 4.4.1.3 Regulatory Landscape
- 4.4.1.4 Business Drivers
- 4.4.1.5 Business Challenges
- 4.4.2 Applications
- 4.4.2.1 China PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.4.3 Products
- 4.4.3.1 China PEM Electrolyzer Market (by Material Type), Value Data
- 4.5 Asia-Pacific and Japan
- 4.5.1 Market
- 4.5.1.1 Key Producers and Suppliers in Asia-Pacific and Japan
- 4.5.1.2 Business Drivers
- 4.5.1.3 Business Challenges
- 4.5.2 Applications
- 4.5.2.1 Asia-Pacific and Japan PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.3 Products
- 4.5.3.1 Asia-Pacific and Japan PEM Electrolyzer Market (by Material Type), Value Data
- 4.5.4 Asia-Pacific and Japan (by Country)
- 4.5.4.1 Japan
- 4.5.4.1.1 Market
- 4.5.4.1.1.1 Buyer Attributes
- 4.5.4.1.1.2 Key Producers and Suppliers in Japan
- 4.5.4.1.1.3 Regulatory Landscape
- 4.5.4.1.1.4 Business Drivers
- 4.5.4.1.1.5 Business Challenges
- 4.5.4.1.2 Applications
- 4.5.4.1.2.1 Japan PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.4.1.3 Products
- 4.5.4.1.3.1 Japan PEM Electrolyzer Market (by Material Type), Value Data
- 4.5.4.2 South Korea
- 4.5.4.2.1 Market
- 4.5.4.2.1.1 Buyer Attributes
- 4.5.4.2.1.2 Key Producers and Suppliers in South Korea
- 4.5.4.2.1.3 Regulatory Landscape
- 4.5.4.2.1.4 Business Drivers
- 4.5.4.2.1.5 Business Challenges
- 4.5.4.2.2 Applications
- 4.5.4.2.2.1 South Korea PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.4.2.3 Products
- 4.5.4.2.3.1 South Korea PEM Electrolyzer Market (by Material Type), Value Data
- 4.5.4.3 India
- 4.5.4.3.1 Market
- 4.5.4.3.1.1 Buyer Attributes
- 4.5.4.3.1.2 Key Producers and Suppliers in India
- 4.5.4.3.1.3 Regulatory Landscape
- 4.5.4.3.1.4 Business Drivers
- 4.5.4.3.1.5 Business Challenges
- 4.5.4.3.2 Applications
- 4.5.4.3.2.1 India PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.4.3.3 Products
- 4.5.4.3.3.1 India PEM Electrolyzer Market (by Material Type), Value Data
- 4.5.4.4 Australia
- 4.5.4.4.1 Market
- 4.5.4.4.1.1 Buyer Attributes
- 4.5.4.4.1.2 Key Producers and Suppliers in Australia
- 4.5.4.4.1.3 Regulatory Landscape
- 4.5.4.4.1.4 Business Drivers
- 4.5.4.4.1.5 Business Challenges
- 4.5.4.4.2 Applications
- 4.5.4.4.2.1 Australia PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.4.4.3 Products
- 4.5.4.4.3.1 Australia PEM Electrolyzer Market (by Material Type), Value Data
- 4.5.4.5 Rest-of-Asia-Pacific and Japan
- 4.5.4.5.1 Market
- 4.5.4.5.1.1 Buyer Attributes
- 4.5.4.5.1.2 Key Producers and Suppliers in Rest-of-Asia-Pacific and Japan
- 4.5.4.5.1.3 Business Drivers
- 4.5.4.5.1.4 Business Challenges
- 4.5.4.5.2 Applications
- 4.5.4.5.2.1 Rest-of-Asia-Pacific PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.5.4.5.3 Products
- 4.5.4.5.3.1 Rest-of-Asia-Pacific PEM Electrolyzer Market (by Material Type), Value Data
- 4.6 Rest-of-the-World
- 4.6.1 Market
- 4.6.1.1 Key Producers and Suppliers in Rest-of-the-World:
- 4.6.1.2 Business Drivers
- 4.6.1.3 Business Challenges
- 4.6.2 Applications
- 4.6.2.1 Rest-of-the-World PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.6.3 Products
- 4.6.3.1 Rest-of-the-World PEM Electrolyzer Market (by Material Type), Value Data
- 4.6.4 Rest-of-the-World (by Region)
- 4.6.4.1 Middle East and Africa
- 4.6.2.2.1 Market 197
- 4.6.4.1.1.1 Buyer Attributes
- 4.6.4.1.1.2 Key Producers and Suppliers in Middle East and Africa:
- 4.6.4.1.1.3 Business Drivers
- 4.6.4.1.1.4 Business Challenges
- 4.6.4.1.2 Applications
- 4.6.4.1.2.1 Middle East and Africa PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.6.4.1.3 Products
- 4.6.4.1.3.1 Middle East and Africa PEM Electrolyzer Market (by Material Type), Value Data
- 4.6.4.2 South America
- 4.6.4.2.1 Market
- 4.6.4.2.1.1 Buyer Attributes
- 4.6.4.2.1.2 Key Producers and Suppliers in South America:
- 4.6.4.2.1.3 Business Drivers
- 4.6.4.2.1.4 Business Challenges
- 4.6.4.2.2 Applications
- 4.6.4.2.2.1 South America PEM Electrolyzer Market (by End User), Volume and Value Data
- 4.6.4.2.3 Products
- 4.6.4.2.3.1 South America PEM Electrolyzer Market (by Material Type), Value Data
- 5 Markets – Competitive Benchmarking & Company Profiles
- 5.1 Competitive Benchmarking (2021)
- 5.1.1 Competitive Position Matrix (2021)
- 5.1.2 Product Matrix for Key Companies
- 5.1.3 Market Share Analysis of Key Companies, 2021
- 5.2 Company Profiles
- 5.2.1 Plug Power Inc.
- 5.2.1.1 Company Overview
- 5.2.1.1.1 Role of Plug Power Inc. in the Global PEM Electrolyzer Market
- 5.2.1.1.2 Product Portfolio
- 5.2.1.1.3 Production Site
- 5.2.1.2 Business Strategies
- 5.2.1.2.1 Market Developments
- 5.2.1.3 Corporate Strategies
- 5.2.1.3.1 Partnerships, Collaborations, and Joint Ventures
- 5.2.1.4 R&D Analysis
- 5.2.1.5 Analyst View
- 5.2.2 Cummins Inc.
- 5.2.2.1 Company Overview
- 5.2.2.1.1 Role of Cummins Inc. in the Global PEM Electrolyzer Market
- 5.2.2.1.2 Product Portfolio
- 5.2.2.1.3 Production Site
- 5.2.2.2 Business Strategies
- 5.2.2.2.1 Market Developments
- 5.2.2.3 Corporate Strategies
- 5.2.2.3.1 Partnerships, Collaboration, and Joint Ventures
- 5.2.2.4 R&D Analysis
- 5.2.2.5 Analyst View
- 5.2.3 Siemens Energy AG
- 5.2.3.1 Company Overview
- 5.2.3.1.1 Role of Siemens Energy AG in the Global PEM Electrolyzer Market
- 5.2.3.1.2 Product Portfolio
- 5.2.3.1.3 Production Site
- 5.2.3.2 Business Strategies
- 5.2.3.2.1 Market Developments
- 5.2.3.3 Corporate Strategies
- 5.2.3.3.1 Partnerships, Collaboration, and Joint Ventures
- 5.2.3.4 R & D Analysis
- 5.2.3.5 Analyst View
- 5.2.4 Ohmium International, Inc.
- 5.2.4.1 Company Overview
- 5.2.4.1.1 Role of Ohmium International, Inc. in the Global PEM Electrolyzer Market
- 5.2.4.1.2 Product Portfolio
- 5.2.4.1.3 Production Site
- 5.2.4.2 Business Strategies
- 5.2.4.2.1 Market Development
- 5.2.4.3 Corporate Strategies
- 5.2.4.3.1 Partnerships, Collaborations, and Joint Ventures
- 5.2.4.4 Analyst View
- 5.2.5 Hystar
- 5.2.5.1 Company Overview
- 5.2.5.1.1 Role of Hystar in the Global PEM Electrolyzer Market
- 5.2.5.1.2 Product Portfolio
- 5.2.5.1.3 Production Site
- 5.2.5.2 Business Strategies
- 5.2.5.2.1 Market Developments
- 5.2.5.3 Corporate Strategies
- 5.2.5.3.1 Partnerships, Collaborations, and Joint Ventures
- 5.2.5.4 Analyst View
- 5.2.6 Nel ASA
- 5.2.6.1 Company Overview
- 5.2.6.1.1 Role of Nel ASA in the Global PEM Electrolyzer Market
- 5.2.6.1.2 Product Portfolio
- 5.2.6.1.3 Production Site
- 5.2.6.2 Business Strategies
- 5.2.6.2.1 Market Developments
- 5.2.6.2.2 Partnerships, Collaborations, and Joint Venture
- 5.2.6.3 Analyst View
- 5.2.7 ITM Power PLC
- 5.2.7.1 Company Overview
- 5.2.7.1.1 Role of ITM Power PLC in the Global PEM Electrolyzer Market
- 5.2.7.1.2 Product Portfolio
- 5.2.7.1.3 Production Site
- 5.2.7.2 Business Strategies
- 5.2.7.2.1 Market Developments
- 5.2.7.3 Corporate Strategies
- 5.2.7.3.1 Merger and Acquisitions
- 5.2.7.4 R&D Analysis
- 5.2.7.5 Analyst View
- 5.2.8 Teledyne Energy Systems, Inc.
- 5.2.8.1 Company Overview
- 5.2.8.1.1 Role of Teledyne Energy Systems, Inc. in the Global PEM Electrolyzer Market
- 5.2.8.1.2 Product Portfolio
- 5.2.8.1.3 Production Sites
- 5.2.8.2 Analyst View
- 5.2.9 Elchemtech Co., Ltd.
- 5.2.9.1 Company Overview
- 5.2.9.1.1 Role of Elchemtech Co., Ltd. in the Global PEM Electrolyzer Market
- 5.2.9.1.2 Product Portfolio
- 5.2.9.1.3 Production Site
- 5.2.9.2 Analyst View
- 5.2.10 Elogen
- 5.2.10.1 Company Overview
- 5.2.10.1.1 Role of Elogen in the Global PEM Electrolyzer Market
- 5.2.10.1.2 Product Portfolio
- 5.2.10.2 Business Strategies
- 5.2.10.2.1 Market Developments
- 5.2.10.3 Corporate Strategies
- 5.2.10.3.1 Partnerships, Collaborations, and Joint Venture
- 5.2.10.4 Analyst View
- 5.2.11 H-TEC SYSTEMS GmbH
- 5.2.11.1 Company Overview
- 5.2.11.1.1 Role of H-TEC SYSTEMS GmbH in the Global PEM Electrolyzer Market
- 5.2.11.1.2 Product Portfolio
- 5.2.11.2 Business Strategies
- 5.2.11.2.1 Market Developments
- 5.2.11.3 Analyst View
- 5.2.12 H2GREEM S.L.
- 5.2.12.1 Company Overview
- 5.2.12.1.1 Role of H2GREEM S.L. in the Global PEM Electrolyzer Market
- 5.2.12.1.2 Product Portfolio
- 5.2.12.2 Business Strategies
- 5.2.12.2.1 Market Developments
- 5.2.12.3 Analyst View
- 5.2.13 Oort Energy Ltd.
- 5.2.13.1 Company Overview
- 5.2.13.1.1 Role of Oort Energy Ltd. in the Global PEM Electrolyzer Market
- 5.2.13.1.2 Product Portfolio
- 5.2.13.2 Corporate Strategies
- 5.2.13.2.1 Partnerships, Collaborations, and Joint Ventures
- 5.2.13.3 Analyst View
- 5.2.14 Verdagy
- 5.2.14.1 Company Overview
- 5.2.14.1.1 Role of Verdagy in the Global PEM Electrolyzer Market
- 5.2.14.1.2 Product Portfolio
- 5.2.14.2 Business Strategies
- 5.2.14.2.1 Market Developments
- 5.2.14.3 Corporate Strategies
- 5.2.14.3.1 Partnerships, Collaborations, and Joint Ventures
- 5.2.14.4 Analyst View
- 5.2.15 Angstrom Advanced Inc.
- 5.2.15.1 Company Overview
- 5.2.15.1.1 Role of Angstrom Advanced Inc. in the Global PEM Electrolyzer Market
- 5.2.15.1.2 Product Portfolio
- 5.2.15.1.3 Production Site
- 5.2.15.2 Analyst View
- 5.2.16 iGas energy GmbH
- 5.2.16.1 Company Overview
- 5.2.16.1.1 Role of iGas energy GmbH in the Global PEM Electrolyzer Market
- 5.2.16.1.2 Product Portfolio
- 5.2.16.2 Analyst View
- 5.2.17 IMI Critical Engineering
- 5.2.17.1 Company Overview
- 5.2.17.1.1 Role of IMI Critical Engineering in the Global PEM Electrolyzer Market
- 5.2.17.1.2 Product Portfolio
- 5.2.17.2 Business Strategies
- 5.2.17.2.1 Product Developments
- 5.2.17.2.2 Market Developments
- 5.2.17.3 Analyst View
- 5.2.18 Hitachi Zosen Corporation
- 5.2.18.1 Company Overview
- 5.2.18.1.1 Role of Hitachi Zosen Corporation in the Global PEM Electrolyzer Market
- 5.2.18.1.2 Product Portfolio
- 5.2.18.2 Business Strategies
- 5.2.18.2.1 Market Developments
- 5.2.18.3 R&D Analysis
- 5.2.18.4 Analyst View
- 5.2.19 Beijing SinoHy Energy Co., Ltd
- 5.2.19.1 Company Overview
- 5.2.19.1.1 Role of Beijing SinoHy Energy Co., Ltd in the Global PEM Electrolyzer Market
- 5.2.19.1.2 Product Portfolio
- 5.2.19.2 Analyst View
- 5.2.20 Ningbo VET Energy Technology Co., Ltd.
- 5.2.20.1 Company Overview
- 5.2.20.1.1 Role of Ningbo VET Energy Technology Co., Ltd. in the Global PEM Electrolyzer Market
- 5.2.20.1.2 Product Portfolio
- 5.2.20.1.3 Production Site
- 5.2.20.2 Analyst View
- 6 Research Methodology
- List of Figures
- Figure 1: Global PEM Electrolyzer Market, $Million, 2021, 2022, and 2031
- Figure 2: Global PEM Electrolyzer Market (by End User), $Million, 2021 and 2031
- Figure 3: Global PEM Electrolyzer Market (by Material Type), $Million, 2021 and 2031
- Figure 4: Global PEM Electrolyzer Market (by Region), $Million, 2021 and 2031
- Figure 5: Global PEM Electrolyzer Market Coverage
- Figure 6: Technological Possibilities for Green Hydrogen Production Under $1.5/kg by 2050
- Figure 7: Anticipated Capacity for Producing Electrolyzers (by region), 2021-2031
- Figure 8: Supply Chain Analysis of the Global PEM Electrolyzer Market
- Figure 9: Comparison Chart of Iridium Spark Plugs and Regular Spark Plugs
- Figure 10: Top Producers of Crucial Materials used in Electrolyzers
- Figure 11: Key Strategies Adopted by Players to Mitigate Iridium Demand-Supply Gap
- Figure 12: Global Iridium Market Supply and Demand, Tons, 2021-2031
- Figure 13: PEM Electrolyzer Market Volume based on Historical, Optimistic, and Realistic Scenario, MW, 2021-2031
- Figure 14: Number of Fuel Cell Vehicles and Hydrogen Refuelling Stations Worldwide, 2021
- Figure 15: Distribution of Fuel Cell Electric Vehicle Stock (by Region and Mode), 2021
- Figure 16: Distribution of All Fuel Cell Vehicles on Roads as of the End of 2020 (by Country)
- Figure 17: Distribution of Different Fuel Cell Vehicle Types Worldwide as of the End of 2020
- Figure 18: PEM Electrolyzer Market (by End User)
- Figure 19: Global Hydrogen Demand for Refining Industry, 2019-2030
- Figure 20: Number of Key Methanol Projects by Different Countries
- Figure 21: PEM Electrolyzer Market (by Material Type)
- Figure 22: Total Year-Wise Patents Filed for Global PEM Electrolyzer Market, January 2020-December 2022
- Figure 23: Patent Analysis (by Status), January 2020-December 2022
- Figure 24: Patent Analysis (by Organization), January 2020-December 2022
- Figure 25: Research Methodology
- Figure 26: Top-Down and Bottom-Up Approach
- Figure 27: PEM Electrolyzer Market Influencing Factors
- Figure 28: Assumptions and Limitations
- List of Tables
- Table 1: List of Green Hydrogen Programs by Major Countries
- Table 2: Comparison Table of Various Fuel Sources
- Table 3: Iridium Usage based on Application.
- Table 4: U.K. Import and Export Data
- Table 5: List of Players Involved in Iridium Manufacturing and Distribution
- Table 6: List of Players Offering Sparkplugs
- Table 7: Iridium Usage by Country
- Table 8: India and Japan Import Data
- Table 9: Global Iridium Demand Analysis (by Region), Tons, 2021 to 2031
- Table 10: Global Iridium Demand Analysis (by Region), $Million, 2021 to 2031
- Table 11: Characteristics of Alkaline and PEM Electrolyzers
- Table 12: List of Key Players Involved in the Manufacturing of PEM Electrolyzer Systems
- Table 13: Required Activities to Enhance the Efficiency of PEM Electrolyzers
- Table 14: Iridium, Osmium, and Ruthenium: Import Analysis by Key Countries, $Thousand, 2017-2021
- Table 15: Iridium, Osmium, and Ruthenium: Export Analysis by Key Countries, $Thousand, 2017-2021
- Table 16: PEM Electrolyzer Market Volume based on Historical, Optimistic, and Realistic Scenario, MW, 2021-2031
- Table 17: Key Market Developments
- Table 18: Key Partnerships, Collaborations, and Joint Ventures
- Table 19: Key Start-Ups in PEM Electrolyzer Market
- Table 20: Product Offerings by Key Start-Ups in PEM Electrolyzer Market
- Table 21: Selected PEM Electrolysis Projects: Operative and Under Development to Decarbonize Hydrogen Production in Refining
- Table 22: List of Key Ammonia Projects utilizing Green Hydrogen and Electrolysis Technology
- Table 23: List of Key Methanol Projects Utilizing Green Hydrogen
- Table 24: List of Current and Upcoming Key Renewable Methanol Projects across Countries
- Table 25: Transport Industry Announcements for FCEVs
- Table 26: PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 27: PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 28: PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 29: PEM Electrolyzer Market: Global Level – Average Pricing Analysis, ($/Watt), 2021-2031
- Table 30: PEM Electrolyzer Market: Regional Level – Average Pricing Analysis, ($/Watt), 2021-2031
- Table 31: North America PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 32: North America PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 33: North America PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 34: U.S. PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 35: U.S. PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 36: U.S. PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 37: Canada PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 38: Canada PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 39: Canada PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 40: Mexico PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 41: Mexico PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 42: Mexico PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 43: Europe PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 44: Europe PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 45: Europe PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 46: Germany PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 47: Germany PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 48: Germany PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 49: France PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 50: France PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 51: France PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 52: Netherlands PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 53: Netherlands PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 54: Netherlands PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 55: Spain PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 56: Spain PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 57: Spain PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 58: Rest-of-Europe PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 59: Rest-of-Europe PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 60: Rest-of-Europe PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 61: U.K. PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 62: U.K. PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 63: U.K. PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 64: China PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 65: China PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 66: China PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 67: Asia-Pacific and Japan PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 68: Asia-Pacific and Japan PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 69: Asia-Pacific and Japan PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 70: Japan PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 71: Japan PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 72: Japan PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 73: South Korea PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 74: South Korea PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 75: South Korea PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 76: India PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 77: India PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 78: India PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 79: Australia PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 80: Australia PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 81: Australia PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 82: Rest-of-Asia-Pacific PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 83: Rest-of-Asia-Pacific PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 84: Rest-of-Asia-Pacific PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 85: Rest-of-the-World PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 86: Rest-of-the-World PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 87: Rest-of-the-World PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 88: Middle East and Africa PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 89: Middle East and Africa PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 90: Middle East and Africa PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 91: South America PEM Electrolyzer Market (by End User), MW, 2021-2031
- Table 92: South America PEM Electrolyzer Market (by End User), $Million, 2021-2031
- Table 93: South America PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
- Table 94: Product Matrix for Key Companies
- Table 95: Market Share of Key Companies
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook