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Electrolyzer and Green Hydrogen Markets Poised for Growth, Says IDTechEx
Growth is expected across the three main types of electrolyzer technology: alkaline electrolyzers (AEL), polymer-exchange-membrane or proton-exchange-membrane electrolyzers (PEMEL), and solid-oxide electrolyzers (SOEL). Alkaline electrolyzers are the most widely commercialized type, with large manufacturers in China and Europe , including Auyun, LONGi Hydrogen, John Cockerill , and Thyssenkrupp, amongst many others. The more expensive PEM electrolyzers are at an earlier stage of commercialization but are expected to gain market share as capital costs decrease, as well as due to some favorable performance characteristics compared to alkaline systems, such as higher power density and greater dynamic range. Manufacturers of PEM stacks and systems are spread across China , the USA , and Europe . Solid-oxide electrolyzers represent the final main type of electrolyzer. Operating at high temperatures, they offer higher total efficiencies but are currently more expensive, have shorter lifetimes and are at the earliest stage of commercialization. Danish company Topsoe are looking to implement their SOELs alongside their alkaline offerings, aiming to have a 500 MW SOEL manufacturing site operational in 2024. Bloom Energy in the US are aiming to leverage their solid-oxide fuel cell capabilities to accelerate their entry into the electrolyzer market. In 2022, they announced their completion of a new high-volume SOEL manufacturing facility in the US. While these two companies are looking to push the commercialization of SOELs, the number of companies active in SOEL development is low compared to either alkaline or PEMEL systems.
Each of these electrolyzer types (alkaline, PEMEL, SOEL) brings its own set of advantages and disadvantages, but growth in the electrolyzer market across all three main electrolyzer types will be needed to meet the ambitious national and regional targets for green and clean hydrogen production.
To find out more on electrolyzer technology, markets and players, please see the IDTechEx report "Green Hydrogen Production: Electrolyzer Markets 2023-2033". The main contents covered in the report:
To find out about this new report, including downloadable sample pages, please visit www.IDTechEx.com/Electrolyzer.
IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com.
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