Asia Pacific Electrolyzer Market Share is anticipated to witness upsurge on account of ongoing regulatory policies toward development of hydrogen networks and its increasing applicability as an industrial feedstock. Growing investments toward deployment of clean energy technologies to reduce carbon emission and sulfur content will foster the industry potential. Government initiatives to strengthen electrical infrastructure coupled with extensive establishment of T&D networks will boost the product adoption.
Paradigm shift toward adoption of sustainable power generation technology along with ongoing electrification programs across remote areas will favor the business scenario. Large scale integration of renewable energy resources coupled with extensive development of hydrogen refueling infrastructure will stimulate the technology demand. Increasing electricity demand in line with growing urbanization rate across the developing countries will augment the business landscape.
Surging demand for FCEV’s as a substitute to conventional automobiles along with regulatory norms toward less carbon emission vehicles will fuel the alkaline electrolyzer market. Paradigm shift toward development of hydrogen generation capacity coupled with declining overall product cost will energize the industry dynamics. Wide scale utilization of product across industrial sectors comprising petrochemicals, glass purification, refining, and fertilizers will accelerate the business growth.
500 kW – 2 MW electrolyzer market will gain an appreciable momentum owing to increasing adoption of sustainable power generation sources and stringent regulatory policies toward emission reduction. Adoption of product across applications including small scale combined heat & power plants, mobility and off gird electricity supply will stimulate the product demand. Growing need for medium scale hydrogen production systems in line with focused research & development activities will support the business growth.
Stringent government regulations and public & private investments for promoting the use of hydrogen as an energy carrier and automotive fuel will positively sway the industry outlook. Moreover, in nations where transportation cost of hydrogen from long distances is very high or generation cost through natural gas is comparatively more, end-users prefer small scale electrolyzers for on-site generation.
Japan electrolyzer market is projected to grow on account of rapid technological advancement and shifting inclinations toward sustainable energy from fossil fuels. Rising government focus toward electrification programs in line with ongoing adoption of sustainable energy technologies will facilitate the business growth. Hydrogen-based technologies are growing as a key to empower a viable energy transition allowing zero emissions across transport, power, and heating industry. In addition, increasing proportion of renewable power across the primary energy consumption will foster the industry outlook.
Eminent players operating across the Asia Pacific electroloyzer market includes Siemens, Toshiba, ITM Power, Next Hydrogen, Acta, Air Liquide, Kobelco Eco-solutions, Hydrogenics, Green Hydrogen, and Proton Onsit. The manufacturers are continuously launching new products and developing improved technologies to meet the competition prevailing in the industry.