Porous Electrodes for Electrolyzer Market Outlook - 2030
The global porous electrode for electrolyzer market size was valued at $26.2 million in 2020, and is projected to reach $345.0 million by 2030, growing at a CAGR of 29.5% from 2021 to 2030. The electrolyzer systems are used to for breaking water into hydrogen and oxygen through electrolysis. The electrolyzers consist of a cathode, an anode, and a membrane. Hydrogen is collected on the cathode side, which is further stored for use in various industries. Oxygen is either released into atmosphere or collected and used in further industrial processes. In various applications such as metal recovery, metal and/or solution purification, organic synthesis, separation processes, batteries and other energy sources, fuels, and enzymes, porous electrodes are a popular choice for adding technical value to electrochemically active materials. The use of electrodes can better control the reaction distribution, the transfer of active materials, and the heat distribution, and it also improves the efficiency and selectivity of the reaction.
Compared with flat electrodes, porous electrodes can improve the ability to store ions and electrons, increase the reaction rate, and improve quality and charge transfer, providing a larger surface area, thereby promoting the porous electrode market to become an important market service. Because porous electrodes are vital as part of the electrolyzer, industry statistics are driving the demand for efficient, sustainable and reliable power generation systems. As a raw material in the chemical, glass, mining, food and semiconductor industries, porous electrode are expected to drive the market growth. Due to this, it creates profitable business for industrial companies. However, the cost of this starting material is high, which is a major limitation of the market.
The global porous electrodes for electrolyzer market are segmented into electrode material, electrolyzer type and region. Based on electrode material, the market are divided into titanium, nickel, silver and others.
Based on electrolyzer type, the market is bifurcated into alkaline electrolyzer, PEM electrolyzer and solid oxide electrolyzer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in porous electrodes for electrolyzer industry report include Air Liquide, Cocker Jingli Hydrogen, Cummins Inc, Enapter, Graphite India Limited, ITM Power, McPhy Energy, Nel Hydrogen, Plug Power and Titanium Tantalum Products Limited. The global porous electrodes for electrolyzer market report provide in-depth competitive analysis as well as profiles of these major players.
Porous electrodes for electrolyzer market, by electrode material
By electrode material, the titanium segment is expected to contribute 24.3% due to its physical and electrochemical properties, titanium offers several benefits in many electrochemical processes compared to conventional materials.
By Electrode Material
Silver is projected as the most lucrative segment.
Porous electrodes for electrolyzer market, by electrolyzer type
Depending on electrolyzer type, the alkaline electrolyzer segment is expected to contribute 56.1% share in the global porous electrodes for electrolyzer market. These devices are the world's oldest technology and are routinely utilized in large-scale systems. The benefit of this technology is that it has a long lifespan and lower capital costs due to the cheaper nickel catalyst.
By Electrolyzer Type
Alkaline Electrolyzer is projected as the most lucrative segment.
Porous electrodes for electrolyzer market, by region
Region wise, Europe is expected to garner 38% of the porous electrodes for electrolyzer market share. Rapid technological advancement along with ongoing deployment of sustainable energy technologies will stimulate the industry growth. The EU energy transition policy along with ongoing large-scale electrification programs will positively influence the business outlook.
By Region
Europe holds a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Key benefits for stakeholders
- The report outlines the current porous electrodes for electrolyzer market trends and future estimations from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- As per porous electrodes for electrolyzer market analysis, the major countries in the region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, & porous electrodes for electrolyzer market opportunities and their detailed impact analysis are explained in the study.
- The profiles of key players and their key strategic developments are enlisted in the report.
Impact of COVID-19 on the global porous electrodes for electrolyzer market
- COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. Numerous nations had to impose lockdowns, travel bans and trade restrictions in order to prevent the widespread of the deadly virus. COVID-19 pandemic has impacted the porous electrodes for electrolyzers market in the following ways:
- Major drivers of the porous electrodes for electrolyzers market are Electric Vehicles (including e-rickshaws, e-bikes, and others) and generation of hydrogen as a fuel by the means of water electrolysis. However, due to the outbreak of COVID-19 pandemic, the world faced a troublesome situation and was under lockdown. This led to shutdown of industries, halt in operations and procurements along with restrictions on the cross-border trade activities. Owing to the above mentioned factors, the electric vehicles as well as water electrolysis market suffered a moderate blow, also affected the porous electrodes for electrolyzers market, leading to decline in demand and henceforth, drop in sales and revenue.
- By creating supply chain and market disruption due to cross border trade restrictions, which hampered the imports of raw materials for the manufacturing processes as well as exports of the finished products.
Key Market Segments
By Electrode Material
- Titanium
- Nickel
- Silver
- Others
By Electrolyzer Type
- Alkaline Electrolyzer
- PEM Electrolyzer
- Solid Oxide Electrolyzer
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- UK
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Rest of LAMEA
Porous Electrodes for Electrolyzer Market Report Highlights
| Aspects | Details |
 By ELECTRODE MATERIAL |
|
 By ELECTROLYZER TYPE |
|
 By Region |
|
 Key Market Players | Titanium Tantalum Products Limited, Cockerill Jingli Hydrogen, Plug Power Inc., Air Liquide, NEL ASA, Cummins Inc., ENAPTER AG, McPhy Energy S.A., Graphite India Limited, ITM Power |
Analyst Review
According to insights from the CXOs, the market is highly fragmented in nature. The electrolyzers are used for the purpose of hydrogen generation. Through electrolysis of water, hydrogen and oxygen is produced, which are further used in industrial activities and chemical processing by storing them in liquid or gas form. The market has driving factors such as increased demand for hydrogen, increased demand for fuel cells from electric vehicle market targeted at reducing carbon emissions. However, the market growth is restrained by limited technological advancements and delayed supply in equipment. However, initiatives by governments such as exempting electrolyzers from grid fees, taxes and levies, providing access to curtailed electricity and grid service revenues, and recognizing the value and price of green hydrogen can offer lucrative opportunity for the industry growth.
The increasing focus on adopting hudrogen based fuel cell vechicles for the transport sector is driving the market.
The key trends for the market are advancement in electrolyzer technologies and green hydrogen production through use of renewable electricity sources.
To get latest version of porous electrodes for electrolyzer market report can be obtained on demand from the website.
The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.
North America region will provide more business opportunities for porous electrodes for electrolyzer market in coming years
The top ten market players are selected based on two key attributes - competitive strength and market positioning
Electrolyzer Type segment holds the maximum share of the porous electrodes for electrolyzer market
Air Liquide, Cocker Jingli Hydrogen, Cummins Inc, Enapter, Graphite India Limited, ITM Power, McPhy Energy, Nel Hydrogen, Plug Power are the top players in porous electrodes for electrolyzer market.
Power generation, transportation, energy industries are the potential customers of porous electrodes for electrolyzer industry
The global porous electrodes for electrolyzer market was valued at $345.0 million in 2030.
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