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Electrolysis Captive Hydrogen Generation Market Share

Report ID: GMI11738
Published Date: Oct 2024
Report Format: PDF

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Electrolysis Captive Hydrogen Generation Market Share

Electrolysis Captive Hydrogen Generation Company Market Share

Eminent players are heavily investing in research and development to innovate and advance more efficient and cost-effective electrolysis technologies. These advancements are crucial in reducing the cost of green hydrogen production and making electrolysis-based systems more attractive for captive use. Key players are focusing on vertical integration strategies to control the entire value chain from electrolyzer production to hydrogen storage and distribution. This integrated approach allows them to optimize costs, ensure supply reliability, and offer comprehensive hydrogen solutions to captive customers in chemicals and refineries.

Electrolysis Captive Hydrogen Generation Market Companies

Eminent players operating in the electrolysis captive hydrogen generation industry are:

Air Products and Chemicals
Cummins
Enapter
GreenH Electrolysis
Hitachi Zosen Corporation
Linde
McPhy Energy
MVS Engineering
Mangalore Refinery and Petrochemicals
Messer Group
NEL Hydrogen
Siemens Energy

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for electrolysis captive hydrogen generation reached USD 11.1 billion in 2023 and is likely to register 7% CAGR from 2024 to 2032, due to the decarbonization goals and regulatory compliance.

The chemical sector's electrolysis captive hydrogen generation market is expected to surpass USD 11 billion by 2032, propelled by increasing regulatory pressure on factories to reduce emissions, prompting adoption of cleaner hydrogen production methods.

The Asia Pacific electrolysis captive hydrogen generation market is expected to surpass USD 12 billion by 2032, driven by industrialization and supportive hydrogen policies.

Key players in the electrolysis captive hydrogen generation market include Air Products and Chemicals, Cummins, Enapter, GreenH Electrolysis, Hitachi Zosen Corporation, Linde, McPhy Energy, MVS Engineering, Mangalore Refinery and Petrochemicals, Messer Group, NEL Hydrogen, and Siemens Energy.