The USA hydrogen electrolyzer market size is projected to expand at a CAGR of 23.8% from 2023 to 2033. It is anticipated to reach a valuation of about US$ 790.8 million by 2033. The market is likely to cross a valuation of around US$ 93.2 million in 2023.
Demand for polymer electrolyte membrane (PEM) electrolyzers is estimated to contribute to more than 45% of market value share in 2023. It is owing to continued demand for supplementation of the natural gas grid for increased efficiency and vehicle fueling.
A hydrogen-producing electrolyzer is a device that produces hydrogen via a chemical reaction known as electrolysis. It possesses an electrical capacity to separate oxygen and hydrogen molecules.
A hydrogen electrolyzer is used to produce hydrogen in a sustainable manner. Carbon dioxide is not released into the atmosphere. As a result, a decarbonized economy can be built, and the market can advance.
Hydrogen electrolyzer in the USA is a rapidly expanding sector of the economy. It is primarily motivated by the need to cut carbon emissions and rising demand for sustainable energy alternatives.
Electrolyzers are machines which convert freshwater into oxygen and hydrogen using electricity, providing an energy source that is renewable & clean. Electrolysis can produce hydrogen that can be utilized as a propellant for industrial activities, power plants, and transportation.
Demand for hydrogen electrolyzers in the USA is also being fueled by a number of reasons such as legislative efforts to cut carbon emissions and rising financial support for renewable energy sources. The market would flourish if new, more effective electrolyzer technologies were developed.
Government programs to lower carbon emissions are a leading force behind the rising hydrogen electrolyzer sales. The USA government is enforcing laws and policies to promote the use of sustainable energy options such as hydrogen fuel.
For instance, the USA General Services Administration (GSA) declared its intention to use only renewable energy sources for the portfolio of federal real estate by 2025.
Strong adjustments to the hydrogen electrolyzer manufacturing process brought on by the pandemic back in 2020 are also anticipated to drive the industry. Due to the swift shift to less polluted, more reliable, and environmentally friendly energy sources, businesses must coordinate their strategies.
Players in the hydrogen electrolyzer business are under pressure to be more watchful and forward-thinking. It is due to worries about the slowing USA economy and dangers of stagflation with potential market scenarios.
Attributes | Key Insights |
---|---|
USA Hydrogen Electrolyzer Market Estimated Size (2023E) | US$ 93.2 million |
Projected Market Valuation (2033F) | US$ 790.8 million |
Value-based CAGR (2023 to 2033) | 23.8% |
Collective Value Share: Top 2 Region (2023E) | 70.0% |
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The USA hydrogen electrolyzer industry stood at US$ 76.0 million in 2022. As per the report, hydrogen electrolyzer demand is anticipated to expand at a CAGR of 23.8% between 2023 and 2033.
Creation of green hydrogen is an ongoing concern for energy businesses in the USA. Utilizing sustainable energy sources such as solar, wind, or water power, environmentally friendly hydrogen can be created.
It can be kept for several hours, days, or even months. Green hydrogen can also be used to create sustainable chemicals, electricity, or as a clean, carbon dioxide-free substance in the transport sector.
The power generation industry, chemical industry, and petrochemical industry are the main end consumers of hydrogen electrolyzers. These sectors are searching for electrolyzer solutions that are affordable, have a long service life, and require less maintenance.
In these industries, significance of on-site hydrogen production is expanding in order to lower overall operating costs. It is envisaged that contracts will be entered into in order to benefit the provider, retailer, and end user equally. Governments in developed towns across the country are expanding their spending in renewable energy initiatives, which will drive demand for hydrogen generators.
It is anticipated that regulatory organizations will finance infrastructure development initiatives in USA communities that are still emerging. To advance a sustainable energy economy, they might also install hydrogen fueling stations.
This will increase the need for hydrogen electrolyzers and open up new growth prospects for leading players. Driven by the above-mentioned factors, the USA hydrogen electrolyzer industry is anticipated to broaden 8.7x from 2023 to 2033.
Investments in Renewable Power across West USA to Push Need for Electrolyzer Hydrogen Generators
In West USA, California, Oregon, Alaska, Wyoming, and Nevada are projected to witness steady growth through 2033. Renewable power generation has a huge market presence in these states.
Increased disposable investments among companies located in these states toward future sustainable technologies are also likely to drive demand. Green hydrogen is a potentially significant way for renewable-energy-powered grids to store.
Availability of Wind Energy Resources in Midwest USA to Drive H2 Electrolyzer Demand
In Midwest USA, Indiana, Michigan, South Dakota, Illinois, and North Dakota are likely to witness high demand for hydrogen electrolyzers. There is a growing interest in developing hydrogen infrastructure in the Midwest.
The above-mentioned states and leading companies are set to announce plans to build hydrogen production & distribution facilities. These efforts are being supported by government policies and incentives aimed at accelerating the adoption of clean energy technologies.
Another growth driver is the abundance of wind energy resources in the Midwest. These can be used to power electrolyzers and produce hydrogen. The region is also home to several industrial clusters, including the steel and chemical industries, which have high energy needs and can benefit from hydrogen as a feedstock or fuel.
Sunny Weather in South USA to Create Demand for Electrolyzers for Hydrogen Production
South USA consists of Delaware, Kentucky, Florida, Oklahoma, Alabama, Louisiana, and other states. The South is known for its sunny weather, which makes it an ideal location for solar power generation. Use of solar power to produce hydrogen through electrolysis can provide a clean and sustainable source of fuel for transportation, heating, and power generation.
The region's growing interest in hydrogen economy, which is gaining momentum worldwide, would also augment demand. Several states in the South have announced ambitious plans to develop hydrogen infrastructure.
These include hydrogen production, storage, and distribution facilities. These efforts are being supported by government policies and incentives aimed at accelerating the adoption of clean energy technologies.
The South is also home to several industries that could benefit from using hydrogen as a feedstock or fuel such as the chemical, refining, and steel industries. Use of hydrogen in these industries can help reduce emissions and improve sustainability of their operations.
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PEM Green Hydrogen Electrolyzers to Witness High Demand with Quick Ion Transportation Feature
The PEM electrolyzer category accounts for around 45% of the USA hydrogen electrolyzer industry share. Hence, it is one of the prominent segments for hydrogen electrolyzers as a result of growing applications for energy storage.
Due to low operating pressures of these electrolysis cells, a compression step is necessary before storing the generated hydrogen. It serves as an additional expense for running these systems.
When using intermittent energy sources, PEM electrolyzers have significant load-following advantages than alkaline electrolyzers. This occurs as PEM electrolyzers move ions more quickly than alkaline electrolyzers. The PEM electrolyzer segment is likely to elevate at a CAGR of about 24.5% over the projected period.
The USA hydrogen electrolyzer industry is moderately consolidated. Significant competition is faced by domestic and international players in the market owing to rising number of startups in the refining and chemical sectors.
Increasing usage of hydrogen in refinery hydro-processing in recent years is expected to create favorable growth opportunities for manufacturers. Rising adoption of hydrogen-based vehicles in the transportation industry is also set to drive opportunities.
For instance
Attribute | Details |
---|---|
Estimated Market Size (2023) | US$ 93.2 million |
Projected Market Valuation (2033) | US$ 790.8 million |
Value-based CAGR (2023 to 2033) | 23.8% |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Value (US$ million) |
Segments Covered | Product Type, Outlet Pressure, Capacity, End-use Industry |
Regions Covered | West USA, Midwest USA, Northeast USA, South USA |
Key Countries Covered |
USA |
Key Companies Profiled | ABB Ltd.; Bloom Energy; Nel Hydrogen; Air Liquide; Plug Power Inc.; Giner Inc.; Ballard Power Systems; ITM Power Plc; Siemens AG; Tianjin Mainland Hydrogen Equipment Co. Ltd; Gaztransport & Technigaz; Pure Energy Centre; Idroenergy; Erredue SpA; Swiss Hydrogen SA; Shandong Saikesaisi Hydrogen Energy Co., Ltd.; Next Hydrogen |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
The regional market is forecasted to follow a y-o-y growth rate of roughly 23.8% through 2033.
The USA hydrogen electrolyzer market size projected to close on a valuation of US$ 790.8 million by 2033.
Adoption of electrolyzers for refinery hydro-processing has boosted the market in recent years.
The PEM elctrolyzer category contributes for almost 45% of the market sales.
The West USA region is expected to grow at a faster rate dominating the national market.
1. Executive Summary | USA Hydrogen Electrolyzer Market
1.1. United States Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. United States Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2018 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. United States Market - Pricing Analysis
6.1. Pricing Analysis By Capacity
6.2. United States Average Pricing Analysis Benchmark
7. United States Market Demand (in Value or Size in US$ million) Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ million) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.3.1. Product Manufacturers
8.3.2. Distributors
8.3.3. End-Users
8.3.4. Avg. Profit Margin
8.4. COVID-19 Crisis – Impact Assessment
8.4.1. Current Statistics
8.4.2. Short-Mid-Long Term Outlook
8.4.3. Likely Rebound
8.5. Market Dynamics
8.5.1. Drivers
8.5.2. Restraints
8.5.3. Opportunity Analysis
8.6. Patent Analysis
8.7. Parent Market Overview
9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ million) and Volume Analysis By Product Type, 2018 to 2022
9.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Product Type, 2023 to 2033
9.3.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
9.3.2. Alkaline Electrolyzer
9.3.3. Solid Oxide Electrolyzer
9.4. Market Attractiveness Analysis By Product Type
10. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Outlet Pressure
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ million) and Volume Analysis By Outlet Pressure, 2018 to 2022
10.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Outlet Pressure, 2023 to 2033
10.3.1. Low (<= 10 Bar)
10.3.2. Medium (10 Bar to 40 Bar)
10.3.3. High (> 40 Bar)
10.4. Market Attractiveness Analysis By Outlet Pressure
11. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use Industry
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ million) and Volume Analysis By End-use Industry, 2018 to 2022
11.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By End-use Industry, 2023 to 2033
11.3.1. Ammonia
11.3.2. Methanol
11.3.3. Refining/ Hydrocarbon Processing
11.3.4. Electronics
11.3.5. Energy
11.3.6. Power to Gas
11.3.7. Transport
11.3.8. Metal Production & Fabrication
11.3.9. Pharma & Biotech
11.3.10. Food & Beverages
11.3.11. Glass Industry
11.3.12. Other
11.4. Market Attractiveness Analysis By End-use Industry
12. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Capacity
12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ million) and Volume Analysis By Capacity, 2018 to 2022
12.3. Current and Future Market Size (US$ million) and Volume Analysis and Forecast By Capacity, 2023 to 2033
12.3.1. Low (<= 150 kW)
12.3.2. Medium (150kW to 1mW)
12.3.2.1. 150 to 400 kW
12.3.2.2. 400 to 750kW
12.3.2.3. 750 to 1mW
12.3.3. High (> 1mW)
12.3.3.1. 150 to 400 kW
12.3.3.2. 400 to 750kW
12.3.3.3. 750 to 1mW
12.4. Market Attractiveness Analysis By Capacity
13. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
13.1. Introduction
13.2. Historical Market Size (US$ million) and Volume Analysis By Region, 2018 to 2022
13.3. Current Market Size (US$ million) and Volume Analysis and Forecast By Region, 2023 to 2033
13.3.1. West United States
13.3.2. Midwest United States
13.3.3. Northeast United States
13.3.4. South United States
13.4. Market Attractiveness Analysis By Region
14. West Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
14.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
14.3.1. By Product Type
14.3.2. By Outlet Pressure
14.3.3. By End-use Industry
14.3.4. By Capacity
14.4. Market Attractiveness Analysis
14.4.1. By Product Type
14.4.2. By Outlet Pressure
14.4.3. By End-use Industry
14.4.4. By Capacity
15. Midwest Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
15.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
15.3.1. By Product Type
15.3.2. By Outlet Pressure
15.3.3. By End-use Industry
15.3.4. By Capacity
15.4. Market Attractiveness Analysis
15.4.1. By Product Type
15.4.2. By Outlet Pressure
15.4.3. By End-use Industry
15.4.4. By Capacity
16. Northeast Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
16.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
16.3.1. By Product Type
16.3.2. By Outlet Pressure
16.3.3. By End-use Industry
16.3.4. By Capacity
16.4. Market Attractiveness Analysis
16.4.1. By Product Type
16.4.2. By Outlet Pressure
16.4.3. By End-use Industry
16.4.4. By Capacity
17. South Market Analysis 2018 to 2022 and Forecast 2023 to 2033
17.1. Introduction
17.2. Historical Market Size (US$ million) and Volume Trend Analysis By Market Taxonomy, 2018 to 2022
17.3. Market Size (US$ million) and Volume Forecast By Market Taxonomy, 2023 to 2033
17.3.1. By Product Type
17.3.2. By Outlet Pressure
17.3.3. By End-use Industry
17.3.4. By Capacity
17.4. Market Attractiveness Analysis
17.4.1. By Product Type
17.4.2. By Outlet Pressure
17.4.3. By End-use Industry
17.4.4. By Capacity
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies (Hydrogen Electrolyzer)
18.2. Market Concentration
18.3. Market Share Analysis of Top Players
18.4. Market Presence Analysis
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
19.3.1. Siemens AG
19.3.1.1. Overview
19.3.1.2. Product Portfolio
19.3.1.3. Profitability by Market Segments (Product/Channel/Region)
19.3.1.4. Sales Footprint
19.3.1.5. Strategy Overview
19.3.2. Nel Hydrogen
19.3.2.1. Overview
19.3.2.2. Product Portfolio
19.3.2.3. Profitability by Market Segments (Product/Channel/Region)
19.3.2.4. Sales Footprint
19.3.2.5. Strategy Overview
19.3.3. McPhy Energy
19.3.3.1. Overview
19.3.3.2. Product Portfolio
19.3.3.3. Profitability by Market Segments (Product/Channel/Region)
19.3.3.4. Sales Footprint
19.3.3.5. Strategy Overview
19.3.4. ITM Power Plc
19.3.4.1. Overview
19.3.4.2. Product Portfolio
19.3.4.3. Profitability by Market Segments (Product/Channel/Region)
19.3.4.4. Sales Footprint
19.3.4.5. Strategy Overview
19.3.5. Tianjin Mainland Hydrogen Equipment Co. Ltd
19.3.5.1. Overview
19.3.5.2. Product Portfolio
19.3.5.3. Profitability by Market Segments (Product/Channel/Region)
19.3.5.4. Sales Footprint
19.3.5.5. Strategy Overview
19.3.6. Gaztransport & Technigaz
19.3.6.1. Overview
19.3.6.2. Product Portfolio
19.3.6.3. Profitability by Market Segments (Product/Channel/Region)
19.3.6.4. Sales Footprint
19.3.6.5. Strategy Overview
19.3.7. Giner Inc.
19.3.7.1. Overview
19.3.7.2. Product Portfolio
19.3.7.3. Profitability by Market Segments (Product/Channel/Region)
19.3.7.4. Sales Footprint
19.3.7.5. Strategy Overview
19.3.8. GreenHydrogen Systems
19.3.8.1. Overview
19.3.8.2. Product Portfolio
19.3.8.3. Profitability by Market Segments (Product/Channel/Region)
19.3.8.4. Sales Footprint
19.3.8.5. Strategy Overview
19.3.9. iGas Energy GmbH
19.3.9.1. Overview
19.3.9.2. Product Portfolio
19.3.9.3. Profitability by Market Segments (Product/Channel/Region)
19.3.9.4. Sales Footprint
19.3.9.5. Strategy Overview
19.3.10. Beijing CEI Technology Co., Ltd.
19.3.10.1. Overview
19.3.10.2. Product Portfolio
19.3.10.3. Profitability by Market Segments (Product/Channel/Region)
19.3.10.4. Sales Footprint
19.3.10.5. Strategy Overview
19.3.11. Next Hydrogen
19.3.11.1. Overview
19.3.11.2. Product Portfolio
19.3.11.3. Profitability by Market Segments (Product/Channel/Region)
19.3.11.4. Sales Footprint
19.3.11.5. Strategy Overview
19.3.12. Air Liquide
19.3.12.1. Overview
19.3.12.2. Product Portfolio
19.3.12.3. Profitability by Market Segments (Product/Channel/Region)
19.3.12.4. Sales Footprint
19.3.12.5. Strategy Overview
19.3.13. Ballard Power Systems
19.3.13.1. Overview
19.3.13.2. Product Portfolio
19.3.13.3. Profitability by Market Segments (Product/Channel/Region)
19.3.13.4. Sales Footprint
19.3.13.5. Strategy Overview
19.3.14. Enapter
19.3.14.1. Overview
19.3.14.2. Product Portfolio
19.3.14.3. Profitability by Market Segments (Product/Channel/Region)
19.3.14.4. Sales Footprint
19.3.14.5. Strategy Overview
19.3.15. Plug Power Inc.
19.3.15.1. Overview
19.3.15.2. Product Portfolio
19.3.15.3. Profitability by Market Segments (Product/Channel/Region)
19.3.15.4. Sales Footprint
19.3.15.5. Strategy Overview
19.3.16. Bloom Energy
19.3.16.1. Overview
19.3.16.2. Product Portfolio
19.3.16.3. Profitability by Market Segments (Product/Channel/Region)
19.3.16.4. Sales Footprint
19.3.16.5. Strategy Overview
19.3.17. Pure Energy Centre
19.3.17.1. Overview
19.3.17.2. Product Portfolio
19.3.17.3. Profitability by Market Segments (Product/Channel/Region)
19.3.17.4. Sales Footprint
19.3.17.5. Strategy Overview
19.3.18. Shandong Saikesaisi Hydrogen Energy Co., Ltd.
19.3.18.1. Overview
19.3.18.2. Product Portfolio
19.3.18.3. Profitability by Market Segments (Product/Channel/Region)
19.3.18.4. Sales Footprint
19.3.18.5. Strategy Overview
19.3.19. Idroenergy
19.3.19.1. Overview
19.3.19.2. Product Portfolio
19.3.19.3. Profitability by Market Segments (Product/Channel/Region)
19.3.19.4. Sales Footprint
19.3.19.5. Strategy Overview
19.3.20. Erredue SpA
19.3.20.1. Overview
19.3.20.2. Product Portfolio
19.3.20.3. Profitability by Market Segments (Product/Channel/Region)
19.3.20.4. Sales Footprint
19.3.20.5. Strategy Overview
19.3.21. Swiss Hydrogen SA
19.3.21.1. Overview
19.3.21.2. Product Portfolio
19.3.21.3. Profitability by Market Segments (Product/Channel/Region)
19.3.21.4. Sales Footprint
19.3.21.5. Strategy Overview
20. Assumptions and Acronyms Used
21. Research Methodology
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