Emerging Trends and Key Drivers Fueling the Water Electrolysis Market Growth forecast 2030: With a Striking CAGR of 7.1% – MarkNtel Advisors

How big is the Global Water Electrolysis market?

According to MarkNtel Advisors study, The Global Water Electrolysis Market was valued at around USD 1.8 billion during 2023 and is estimated to grow at a CAGR of about 7.1% during the forecast period, i.e., 2024-30.

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Global Water Electrolysis Market Opportunity:

Advancements in Urban Wastewater Treatment to Open New Avenues for the Market – Water quality degradation has recently become a major concern as a result of industrial advancements. The oil industry is one of the most significant sources of pollution. Therefore, strict environmental protection legislation has been enacted. In line with this, the EPA’s research has identified water electrolysis as a viable technique for treating hazardous waste from industrial zones, thus creating an opportunistic arena for the Water Electrolysis Market growth. Furthermore, as electrocoagulation methods gain popularity, the water electrolysis process has become an essential component of wastewater treatment facilities, further contributing to upgrading the market’s growth graph in the forecast years.

Leading Companies in the Global Water Electrolysis market:

  • Audlong Machinery Manufacturing Co., Ltd.
  • ThyssenKrupp AG
  • Linde plc
  • Siemens AG
  • Plug Power Inc.
  • Cummins Inc.
  • Erre Due SpA
  • Peak Scientific Instruments
  • Asahi Kasei Corporation
  • Nel ASA
  • ITM Power Plc
  • Enapter AG
  • John Cockerill
  • Proton Onsite
  • Teledyne Technologies Inc.
  • Others

Global Water Electrolysis Market Segmentation:

By Product

  • Alkaline Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
  • Proton Exchange Membrane (PEM) Electrolyzer- Market Size & Forecast 2019-2030F, USD Million
  • Solid Oxide Electrolyzer Cell (SOEC)- Market Size & Forecast 2019-2030F, USD Million
  • Anion Exchange Membrane (AEM) Electrolyzers- Market Size & Forecast 2019-2030F, USD Million

By Application

  • Refining Industry- Market Size & Forecast 2019-2030F, USD Million
  • Power & Energy Store- Market Size & Forecast 2019-2030F, USD Million
  • Ammonia Production- Market Size & Forecast 2019-2030F, USD Million
  • Methanol Production- Market Size & Forecast 2019-2030F, USD Million

By Input Power

  • Below 5kW- Market Size & Forecast 2019-2030F, USD Million
  • 2kW-5kW- Market Size & Forecast 2019-2030F, USD Million
  • Above 5kW- Market Size & Forecast 2019-2030F, USD Million

By Hydrogen Production

  • Below 500L/Hr- Market Size & Forecast 2019-2030F, USD Million
  • 500-2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million
  • Above 2000 L/Hr- Market Size & Forecast 2019-2030F, USD Million

Alkaline water electrolysis processes, with salt water electrolysis machine, is presumed to hold a substantial share of the Water Electrolysis Market due to its higher demand among the end-users.

By End Users

  • Chemical Industry- Market Size & Forecast 2019-2030F, USD Million
  • Electronics & Semiconductors Industry- Market Size & Forecast 2019-2030F, USD Million
  • Power Plants- Market Size & Forecast 2019-2030F, USD Million
  • Petroleum Industry- Market Size & Forecast 2019-2030F, USD Million
  • Pharmaceutical Industry- Market Size & Forecast 2019-2030F, USD Million
  • Others (Steel Plants, Transportation/Mobility Industry, etc.)- Market Size & Forecast 2019-2030F, USD Million

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/water-electrolysis-market.html

Regional/ Countries Insight:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

In the coming years, the Asia-Pacific region is poised to hold a substantial share of the Water Electrolysis Market.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

To Get Customized Report, Sent Your Enquiry Here –  https://www.marknteladvisors.com/query/request-customization/water-electrolysis-market.html

About MarkNtel Advisors:

MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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