Electrolyzers Global Market Report 2023 – By Product (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzers), By Capacity (Less than 500 kW, 500 kW to 2 MW, Above 2 MW), By Application (Power Plants, Steel Plants, Electronics And Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

A hydrogen fuel cell is a device that converts hydrogen into clean energy and electricity by a chemical reaction and the by-products of this chemical reaction are electricity, water, and heat. Hydrogen fuel cells can be used in a wide range of applications such as cars, buildings, electronic devices, trucks, and backup power systems. The main types of products in hydrogen fuel cells are polymer exchange membrane fuel cells, direct methanol fuel cells, solid oxide fuel cells, and others. Polymer exchange membrane fuel cells are a type of hydrogen fuel cell that converts the chemical energy of a fuel such as hydrogen into electricity. These hydrogen fuel cells are used in various areas including stationery, transportation, portable fuel cell vehicles, utilities for generating power, and defense. The global hydrogen fuel cells market is segmented - 1) By Type: Polymer Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Solid Oxide Fuel Cells (SOFC), Other Types 2) By Application: Stationary, Transport, Portable 3) By End User: Fuel Cell Vehicles, Utilities, Defense The global hydrogen fuel cells market size grew from $5.64 billion in 2022 to $8.23 billion in 2023 at a compound annual growth rate (CAGR) of 45.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the hydrogen fuel cells market is expected to grow to $32.65 billion in 2027 at a CAGR of 41.1%. The growing demand for fuel-cell electric vehicles around the world is contributing to the growth of the hydrogen fuel-cell market. Fuel cell electric vehicles (FCEVs) powered by hydrogen are called hydrogen fuel cell vehicles. The surge in demand for fuel-cell electric vehicles leads to increased demand for hydrogen fuel cells. For example, according to the Passenger Hydrogen Fuel Cell Vehicles report, the sales of hydrogen fuel cell vehicles reached 27,500 in 2020. Moreover, the sales of passenger fuel cell vehicles reached 8,500 in 2020, the highest annual sales compared to any of previous years. Rising sales in fuel-cell electric vehicles demonstrate the growing demand for fuel-cell electric vehicles, thereby contributing to the growth of the hydrogen fuel-cell market. Major players in the hydrogen fuel cells market are Panasonic, Intelligent Energy Holdings, FuelCell Energy, Plug Power, Hyster-Yale, Doosan Fuel Cell, Ballard Power Systems, Nedstack fuel cell technology, Pearl Hydrogen, Hydrogenics, Horizon Fuel Cell Technologies, Toshiba Energy Systems, Mitsubishi Hitachi Power Systems, AFC Energy, and Sunrise Power. The companies in the hydrogen fuel cell market are developing new technologies to reduce the weight, manufacturing costs, and component requirements of hydrogen fuel cells. Advances in technologies improve the efficiency of hydrogen fuel cells. For example, in July 2021, Hyzon Motors Inc., a US-based manufacturer of commercial vehicles powered by zero-emission hydrogen fuel cells announced a new commercial vehicle that could reduce the weight and manufacturing costs of a commercial vehicle powered by Hyzon's hydrogen fuel. The system's metal structure is integrated with lightweight composite materials in this revolutionary technology. In April 2021, Alstom, a France-based company engaged in developing and marketing mobility solutions that provide the sustainable foundations for the future of transportation acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom expands its portfolio of innovative & competitive solutions products and strengthens its expertise in sustainable intelligent mobility. Helion Hydrogen Power is a France-based company that is engaged in the designing and manufacturing of hydrogen fuel cell modules for rail and marine applications. Asia-Pacific was the largest region in the hydrogen fuel cell market in 2022. North America was the second-largest market in the hydrogen fuel cell market. The regions covered in the hydrogen fuel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen fuel cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen fuel cell market consists of sales of direct methanol fuel cells, polymer exchange membrane fuel cells, and other hydrogen fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen fuel cell market research report is one of a series of new reports from The Business Research Company that provides hydrogen fuel cell market statistics, including hydrogen fuel cell industry global market size, regional shares, competitors with a hydrogen fuel cell market share, detailed hydrogen fuel cell market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen fuel cell industry. This hydrogen fuel cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hydroelectricity refers to a renewable source of energy that generates power by using a dam or diversion structure to alter the natural flow of a river or other body of water. Hydropower stations convert the kinetic energy of flowing or falling water into electrical energy, which is provided to power transmission systems. The main types of products in hydroelectricity are dike type, diversion hydropower station, mixed type, tide, and pumped storage. A diversion hydropower station, often known as a "run-of-river facility," directs a section of a river through a canal and/or a penstock to generate energy by utilising the natural drop in river bed height. The different capacities include large, medium, and small and are applied in the residential, commercial, and industrial sectors. The global hydro electricity market is segmented - 1) By Product Type: Dike Type, Diversion Hydropower Station, Mixed Type, Tide, Pumped Storage 2) By Capacity: Large, Medium, Small 3) By Application: Residential, Commercial, Industrial The global hydro electricity market size will grow from $300.54 billion in 2022 to $319.14 billion in 2023 at a compound annual growth rate (CAGR) of 6.2% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global hydro electricity market is expected to grow to $390.32 billion in 2027 at a CAGR of 5.2% . Favorable laws in emerging countries are projected to drive the hydroelectricity market. Governments across the globe are introducing policies that aid the growth of the hydroelectricity market. For instance, in January 2021, according to the Business Standard newspaper, the Government of India cleared 8 hydropower projects of 144 MW. The introduction of favorable laws will boost the demand for hydropower and, in turn, drive the growth of the hydro electricity market. Major players in the hydroelectricity market are Alstom Power, GE Energy, Tata Power Company, Hydrochina International, CPFL Energia, Sinohydro Corporation, RusHydro, Andritz, Agder Energi SA, GE, Voith Group, ABB Ltd., Duke Energy, Acciona Energia, S.A, Ontario Power Generation, Statkraft, Nepal Electricity Authority, Hydro-Quebec, Georgia Power, Mitsubishi Heavy Industries, Ltd., MidAmerican Energy Holdings Company, Ertan Hydropower Development Company, Ltd., OJSC Bashkirenergo, China Three Gorges Corporation, China Hydroelectric Corporation, IHI Corporation, BC Hydro, EDP Energias do Brasil SA, China Yangtze Power Co. Ltd., and Vattenfall AB . Companies in the hydroelectricity market are upgrading their technologies to make them more sustainable. They are investing in increasing the efficiencies of hydropower plants to make them compatible with the environment. For instance, in 2021, the hydroelectricity companies such as EPCG and ERS introduced the construction of a hydropower plant (HPP) in Sutorina to increase their performance and make them more environmentally friendly. In August 2021, ReNew Power, an India-based renewable energy company, acquired Larsen & Toubro for $13.25 million (INR 985 crores). This acquisition bolsters ReNew Electricity's ability to offer reliable, round-the-clock power to the grid, complementing its solar and wind assets and addressing a key gap in its portfolio. Larsen & Toubro is an India-based company that offers hydroelectricity. Asia-Pacific was the largest region in the hydroelectricity market in 2022. Western Europe was the second-largest region in the global hydroelectricity market share. The regions covered in the global hydroelectricity market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hydroelectricity market report are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The hydroelectricity market consists of sales of Run-of-river hydropower and storage hydropower. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydroelectricity market research report is one of a series of new reports from The Business Research Company that provides hydroelectricity market statistics, including hydroelectricity industry global market size, regional shares, competitors with a hydroelectricity market share, detailed hydroelectricity market segments, market trends and opportunities, and any further data you may need to thrive in the hydroelectricity industry. This hydroelectricity market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Hydrogen energy storage is defined as energy storage that stores electric power in the form of hydrogen. Hydrogen energy storage is a procedure in which renewable energy surpluses are used to power electrolysis during periods of low energy demand. Power electrolysis is a method of separating hydrogen from a chemical solution by passing an electrical current across it. The main types of storage technologies in hydrogen energy storage are compression, liquefaction, and material based. Efficient compression technology of hydrogen is required to achieve usable levels of energy density. The hydrogen energy is stored in three states solid, liquid, and gas. Hydrogen energy storage is used by the industrial, commercial, and utility sectors. The global hydrogen energy storage market is segmented - 1) By Storage Technology: Compression, Liquefaction, Material Based 2) By State: Liquid, Gas, Solid 3) By End User: Commercial, Industrial, Utilities The global hydrogen energy storage market size grew from $14.7 billion in 2022 to $15.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the hydrogen energy storage market is expected to grow to $20.53 billion in 2027 at a CAGR of 6.6%. The increasing use of hydrogen in oil refineries and the chemical industries is contributing to the growth of the hydrogen energy storage market. Hydrogen is used for processing foods, treating metals, refining petroleum, and producing fertilizers. To lower the sulfur content of fuels in petroleum refineries, use hydrogen. For instance, according to the U.S Energy Information Administration, in October 2020, in the United States, there were roughly 161 operational fuel cells at 108 sites, generating a total of about 250 megawatts (MW) of energy using hydrogen produced from natural gas. Therefore, the growing demand for hydrogen from oil refineries and the chemical industry is expected to drive the growth of the hydrogen energy storage market going forward. Major players in the hydrogen energy storage market are Air Liquide, Plug Power, Worthington Industries, Hydrogenics, Linde plc, Chart Industries Inc., Hexagon Composites, Nel, Hydrogenious Lohc Technologies, INOXCVA, Air Products and Chemicals Inc., H Bank Technologies Inc., McPhy Energy SAS, Luxfer Holdings PLC, Pragma Industries and Grz Technologies. Companies in the hydrogen energy storage market are developing new technologies for hydrogen energy storage to meet customer demand and add comfort. The new technologies are designed to reduce weight, manufacturing cost, and, component requirements for hydrogen energy storage. Such technological advancements improve the efficiency of hydrogen fuel cells. For instance, in July 2021, Hyzon Motors Inc., a US-based hydrogen mobility company, developed new onboard hydrogen storage system technology which reduces commercial vehicle weight and production costs. The lightweight composite components are combined with the system's metal frame in the latest patent-pending onboard hydrogen storage system innovation. In April 2021, Alstom, a France-based manufacturing operation company acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom, which is a pioneer in the field of hydrogen for the railway sector, expands its range of competitive, innovative solutions and continues to implement its Alstom in Motion strategic strategy. Helion Hydrogen Power is a France-based company that designs and manufactures fuel cells and fully integrated hydrogen systems for transport and energy applications. North America was the largest region in the hydrogen energy storage market in 2022. The regions covered in the hydrogen energy storage market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hydrogen energy storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen energy storage market consists of sales of compression, liquefaction, material-based, and other hydrogen energy storage. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen energy storage market research report is one of a series of new reports from The Business Research Company that provides hydrogen energy storage market statistics, including hydrogen energy storage industry global market size, regional shares, competitors with a hydrogen energy storage market share, detailed hydrogen energy storage market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen energy storage industry. This hydrogen energy storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hydrogen generators refers to generator that produce hydrogen from water using an electrolysis process. A proton exchange membrane (PEM) is used in a hydrogen generator to produce high-quality hydrogen gas from water. Hydrogen generators can be either hydrogen-powered or hydrogen-producing machines. The main types of products in hydrogen generators are onsite and portable. The onsite hydrogen generators allow for easy installation and fast start-up with unattended operation. The different processes used in the hydrogen generator are steam reforming, electrolysis, and others and operate in various capacities such as less than 300 W, 300 W to 1 KW, and more than 1 KW. The hydrogen generators are used in chemical processing, fuel cells, petroleum recovery, refining, and others. The global hydrogen generators market is segmented - 1) By Product Type: Onsite, Portable 2) By Process: Steam Reforming, Electrolysis, Other Processes 3) By Capacity: Less Than 300 W, 300W - 1 KW, More Than 1 KW 4) By Application: Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, Other Applications The global hydrogen generators market size grew from $1.18 billion in 2022 to $1.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen generators market size is expected to grow to $1.92 billion in 2027 at a CAGR of 10.1%. Government regulations over greenhouse gas emissions are expected to propel the growth of the hydrogen generators market going forward. Global greenhouse gas emissions are increasing, mainly due to fossil fuel consumption and industrialization. Hydrogen generators are being developed by major companies because they produce hydrogen by electrolysis, which produces zero greenhouse gas emissions. For instance, in December 2021, the environmental Protection Agency (EPA), a US-based government agency, has finalised updated national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks for model years 2023-2026. The final guidelines would result in significant reductions in GHG emissions in addition to other criterion pollutants. The rule would provide significant public health and welfare advantages while saving customers money on gasoline prices. Hence, Government and environmental organizations are strengthening regulations to control greenhouse gas emissions which drives the hydrogen generators market. Major players in the hydrogen generators market are Epoch Energy Technology Corporation, Air Products and Chemicals Inc., Ideroenergy, Proton OnSite, Hy9 Corporation, Air Liquide, McPhy Energy SAS, Praxair Technology, Nel ASA, Suzhou Jingli, Deokyang Co. Ltd., Nuvera Fuel Cells LLC, MVS Engineering Pvt. Ltd., Teledyne and Helbio S.A. Large-scale investments in research and development are shaping the hydrogen generators market. Individual companies from different industries are increasingly focused on incorporating hydrogen into their long-term strategies, and the market has seen a range of joint venture (JV) collaborations across all industries. For instance, according to Sullivan & Cromwell, a US-based law company reported in 2020, funding for hydrogen technology research and pilot projects has increased significantly in the past five years, especially in Europe and Asia. The EU is expected to implement an ambitious hydrogen research program through its “Horizon Europe” initiative and the “European Partnership” for hydrogen research to address "market failure for first-movers". These initiatives can lower the barriers to entry for first-mover companies and support the expansion efforts of vehicle manufacturers and infrastructure developers. In addition, for larger-scale generation, turbine makers Mitsubishi and Ansaldo are working on hydrogen-powered turbines, and Siemens has committed to making all of its gas turbines hydrogen-powered by 2030. In June 2020, Plug Power Inc., a US-based company engaged in the development of hydrogen fuel cell systems, acquired United Hydrogen Group Inc. and Giner ELX for an undisclosed amount. This acquisition strengthens Plug Power's position in the hydrogen market by adding capabilities in hydrogen fuel generation, liquefaction, and distribution to its world-leading position in the design, building, and management of customer-facing hydrogen fuelling stations. United Hydrogen Group Inc. is a Pennsylvania-based manufacturer of hydrogen generators company. North America was the largest region in the hydrogen generators market in 2022. The regions covered in the hydrogen generators market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Hydrogen Generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen generator market consists of sales a hydrogen and oxygen tank, a fuel cell stack, AT PC power supply components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen generators market research report is one of a series of new reports from The Business Research Company that provides hydrogen generators market statistics, including hydrogen generators industry global market size, regional shares, competitors with a hydrogen generators market share, detailed hydrogen generators market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen generators industry. This hydrogen generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The hydrogen compressor are hydrogen compressor devices that increase the pressure of hydrogen by decreasing gas volume. The compression in a hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen. The main products in the hydrogen compressor market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships) which are intended to compress hydrogen, and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0–100 HP and 101–200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil and gas to chemicals, utilities, refuelling stations, and others. The global hydrogen compressor market is segmented - 1) By Type: Oil-free, Oil-based 2) By Technology: Single-Stage, Multi-Stage 3) By Power Range: Below 100 hp, 101 hp-200 hp 4) By End-User: Oil & Gas, Chemical, Utility, Refueling Stations, Other End-Users The global hydrogen compressor market size grew from $1.81 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of the hydrogen compressor market is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%. The increase in demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors, such as household energy distribution companies, oil & gas, and power generation companies, are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution. For instance, in 2020 in the UK, a groundbreaking hydrogen trial project (HyDeploy) is underway at Keele University for the next 7 million. And this pilot project is led by Cadent in partnership with Northern Gas Networks (NGN) in the UK as an injection of zero-carbon hydrogen into Keele University’s gas grid, which is feeding approximately 100 houses and 30 faculty buildings. Thus, the increase in demand for hydrogen from end-user industries is expected to boost the market for hydrogen compressors during the forecast period. Major players in the hydrogen compressor market are Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, Neuman & Esser Group, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, Ariel Corporation, PDC Machines, Inc., Mitsui E&S Holdings Co. Ltd., Siemens AG, Sundyne, and IDEX Corporation. Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries, and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows. In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units, acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing, and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercialising hydrogen infrastructure solutions. Asia-Pacific was the largest region in the hydrogen compressor market in 2022. The regions covered in the hydrogen compressor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydrogen compressor market consists of sales of piping system, storage vessels, vacuum pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen compressor market research report is one of a series of new reports from The Business Research Company that provides hydrogen compressor market statistics, including hydrogen compressor industry global market size, regional shares, competitors with a hydrogen compressor market share, detailed hydrogen compressor market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen compressor industry. This hydrogen compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hydrogen is produced as a by-product of industrial chlorine production by electrolysis. Although it requires expensive technologies, hydrogen can be cooled, compressed, and purified for use in other processes on-site or sold to a customer via pipeline, cylinders, or trucks. The mode of distribution of the hydrogen in the pipeline is high-pressure tube trailers or cylinders. A pipeline is a line of pipe with pumps, valves, and control devices for conveying liquids, gases, or finely divided solids. The applications involved are chemicals, refineries, metal processing, and other applications. The various end-users are chemicals, aerospace and automotive, energy, refining, glass, welding, metal fabrication, and other end-users. The global hydrogen market is segmented - 1) By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders 2) By Application: Chemical, Refinery, Metal processing, Other Applications 3) By End User: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Other End Users The global hydrogen market size will grow from $13.57 billion in 2022 to $15.96 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global hydrogen is expected to grow from $29.54 billion in 2027 at a CAGR of 16.6%. New developments are taking place in healthcare with an increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen are being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda have already installed hydrogen plants for the power generation process. Treatments and drug developments using induced pluripotent stem cells (IPS) will bring new added value to the industry through the application of systems using gases. This is indispensable for the cultivation and preservation of cells and tissues and is driving the demand for high-grade industrial gases. Major players in the hydrogen market are Praxair, Inc., Air Liquide S.A, Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG, Messer Group GmbH, Nuvera Fuel Cells, and Taiyo Nippon Sanso Corporation. During the forecast period, high transportation and storage costs of hydrogen market are expected to restrain the hydrogen market. Hydrogen is not just the smallest element on earth, it is also the lightest—as a point of comparison, the mass of one gallon of gasoline is approximately 2.75 kg, whereas one gallon of hydrogen has a mass of only 0.00075 kg (at 1 atm pressure and 0 °C). In order to transport large amounts of hydrogen, it must be either pressurized and delivered as a compressed gas or liquefied. Where the hydrogen is produced can have a big impact on the cost, best method of delivery, and its broad flammability range relative to hydrocarbons. Hydrogen is transported from the point of production to the point of use via pipeline, over the road in cryogenic liquid tanker trucks or gaseous tube trailers, or by rail or barge. These factors are expected to have a negative impact on the hydrogen market. Hydrogen manufacturing companies have started adopting the technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in chemicals, fertilizers, transportation, and manufacturing industries. In this process, the weight of the sewage sludge is reduced by means of dehydration, followed by incineration, melting, composting, and drying. This process can be used to produce hydrogen on a large scale for supply to the manufacturing and transportation industries. Companies such as Fuel Cell Energy and Graforce Hydro are investing in this technology. Los Angeles Fuel Cell Energy Inc. is one of the hydrogen manufacturers that operates the world’s largest 'tri-generation plant' that converts sewage into electrical power and renewable hydrogen for transportation fuel. In August 2022, Phoenix Motor Inc., a US-based automobile company acquired hydrogen fuel cell manufacturing assets including an automated, robotic fuel cell assembly line from Altergy Systems for an undisclosed sum. This acquisition enables Phoenix to leverage Altergy’s manufacturing facility to develop hydrogen fuel cells to serve automotive needs. Altergy Systems is a US-based firm offering hydrogen fuel cell systems. Asia-Pacific was the largest region in the hydrogen market in 2022. North America was the second-largest region in the hydrogen market report. The regions covered in the hydrogen analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hydrogen market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The hydrogen market consists of the sales of green hydrogen, blue hydrogen, brown hydrogen, yellow hydrogen, turquoise hydrogen, and pink hydrogen. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hydrogen market research report is one of a series of new reports from The Business Research Company that provides hydrogen market statistics, including hydrogen industry global market size, regional shares, competitors with a hydrogen market share, detailed hydrogen market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen industry. This hydrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Green hydrogen gas is created by dividing water into hydrogen and oxygen using an electrolyzer that can be powered by renewable energy sources. Green hydrogen is environmentally friendly and can be stored and converted back to energy or heat when required. The main types of technologies in green hydrogen are alkaline electrolyzer, proton exchange membrane electrolyzer, and solid oxide electrolyzer. Alkaline electrolyzers work by transporting hydroxide ions from the cathode to the anode through the electrolyte, with hydrogen created on the cathode side. It is used in power generation, transport, and others are implemented in various verticals such as petrochemicals, food and beverages, medical, chemical, glass, and others. The global green hydrogen market is segmented – 1) By Technology: Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide Electrolyzer 2) By Application: Power Generation, Transport, Other Applications 3) By End-Use Industry: Petrochemicals, Food And Beverages, Medical, Chemical, Glass, Other End-Use Industries The global green hydrogen market size will grow from $1.06 billion in 2022 to $1.48 billion in 2023 at a compound annual growth rate (CAGR) of 38.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global green hydrogen is expected to grow to $5.48 billion in 2027 at a CAGR of 38.7%. The increasing environmental concerns are expected to propel the growth of the green hydrogen market in the forecast period. Green hydrogen is a hydrogen-based fuel that is made by electrolyzing water with electricity supplied by low-carbon sources. It will help in reducing carbon emissions and provide care to our planet. For instance, International Energy Agency (IEA) aims to bring global energy-related carbon dioxide emissions to net zero by 2050. Fossil fuels are one of the main contributors to poor air quality and they account for 80% of all the energy worldwide. Additionally, IEA estimates that by 2050 around 1.77 million premature deaths will occur due to indoor air pollution, and around 4.97 million premature deaths will occur due to outdoor air pollution. According to World Health Organization, an estimated 4.2 to 7 million people die from air pollution worldwide every year, and nine out of ten people breathe air that contains high levels of pollutants. Therefore, increasing environmental concerns drive the growth of the green hydrogen market. Major players in the green hydrogen market are Air Liquide, Air Products and Chemicals Inc., Ballard Power Systems, Engie, Fuel Cells Works, Green Hydrogen Systems, Hydrogenics, Linde PLC., Nel Hydrogen, Nikola Motors, Plug Power Inc., Siemens Energy Global GmbH & Co. KG, Solena Group, Toshiba Energy Systems & Solutions Corporation, Enapter, ERGOSUP, Loop Energy Inc., and Tianjin Mainland Hydrogen Equipment Co. Ltd. Scaling up of technologies is an emerging trend in the green hydrogen market. Advanced analytics is used in the green hydrogen market, it can transform data into business intelligence with actionable insights. Analytics can provide corrective action recommendations to maximize yields for green hydrogen, churning, and learning through data from plants, tanks, and pipes. By forecasting the failures, energy losses can also be prevented. Kaiserwetter is one such company that is using analytics to address several green hydrogen challenges. Analytics can also be useful in providing blockchain solutions that can help in green hydrogen tracking. For instance, in February 2021, Acciona, a Spanish firm that develops and manages infrastructure and renewable energy, developed GreenH2chain, a blockchain-based platform that allows clients from all over the world to verify and visualize the complete green hydrogen value chain in real time. In July 2021, PowerTap Hydrogen Capital Corp., Canada-based hydrogen production and dispensing fuelling company acquired a 49% stake in AES-100 Inc., for an undisclosed amount. The acquisition is expected to assure the rapid global deployment of PowerTap’s hydrogen refueling stations. AES-100 Inc., is a Canada-based green hydrogen technology company that is focused on fuel cells for the transportation Industry. Europe was the largest region in the green hydrogen market in 2022. The regions covered in the green hydrogen market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the green hydrogen market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The green hydrogen market consists of sales of various electrolyzers such as atmospheric alkaline electrolyzers and pressurized alkaline electrolyzers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The green hydrogen market research report is one of a series of new reports from The Business Research Company that provides green hydrogen market statistics, including green hydrogen industry global market size, regional shares, competitors with a green hydrogen market share, detailed green hydrogen market segments, market trends and opportunities, and any further data you may need to thrive in the green hydrogen industry. This green hydrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Power generation equipment is defined as electrical machinery apparatus used in the generation of electric power. Power transmission equipment helps to transfer energy from its source to a location where it can be used for any activity. Power control equipment is defined as devices that restrict or regulate steady-state currents. The main types of power generation, transmission and control equipment are transformer, electric motor and generator, switchgear and switchboard apparatus, relay, and industrial controls. A transformer is a device that converts electric energy from one alternating-current circuit to one or more other circuits by increasing (stepping up) or decreasing (stepping down) the voltage. The equipment is used for residential, commercial, automotive, and other applications by private and public end-use sectors. The global power generation, transmission and control equipment market is segmented - 1) By Type: Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls 2) By Application: Residential, Commercial, Automotive, Other Applications 3) By End User Sector: Private, Public Subsegments Covered: Low Power Transformers (100 MVA to 500 MVA), Medium Power Transformers (501 MVA to 800 MVA), High Power Transformers (801 MVA to 1200 MVA), Electric Motors, Electric Generators, Switchboard, Switchgear, Relays, Industrial Controls The global power generation, transmission and control equipment market size grew from $516.88 billion in 2022 to $551.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The power generation, transmission and control equipment market is expected to grow to $691.37 billion in 2027 at a CAGR of 5.8%. The relay and industrial control industry is increasingly adopting SCADA (Supervisory control and data acquisition) systems to enhance process efficiency and productivity. SCADA systems are used to remotely control industrial processes such as power generation, fabrication, and refining through coded signals over cloud channels. The applications of these SCADA systems are expected to rise mainly due to their scalability, ease of upgrading, the emergence of global smart grid projects, and increased use of cloud technologies. The market is also benefitting from the high demand for energy and renewable resource projects. The SCADA systems market grew at a CAGR of 7.2% in 2020. Major companies in the power generation, transmission and control equipment market include Siemens AG, Schneider Electric SE, ABB Ltd., Nidec Corp, General Electric Company, Mitsubishi Electric Corp, Amphenol Corp, Legrand S.A., Toshiba Corporation and Hanwha. Asia-Pacific was the largest region in the power generation, transmission and control equipment market in 2022. Western Europe was the second largest region in the power generation, transmission and control equipment market. The regions covered in the power generation, transmission and control equipment market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the power generation, transmission and control equipment market share are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela and Vietnam. The power generation, transmission and control equipment market consists of sales of low-power transformers, medium-power transformers, high-power transformers, electric motors, electric generators, switchboards, switchgear, relays, industrial controls, and other power generation, transmission and control equipment . Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this power generation, transmission and control equipment market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The power generation, transmission and control equipment market research report is one of a series of new reports from The Business Research Company that provides power generation, transmission and control equipment market statistics, including power generation, transmission and control equipment industry global market size, regional shares, competitors with a power generation, transmission and control equipment market share, detailed power generation, transmission and control equipment market segments, market trends and opportunities, and any further data you may need to thrive in the power generation, transmission and control equipment industry. This power generation, transmission and control equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.