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Electrolysis Captive Hydrogen Generation Market Trends

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

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Electrolysis Captive Hydrogen Generation Market Trends

Increasing demand for flexible processes that can integrate with microgrids or combined heat and power (CHP) systems to enhance energy efficiency, especially crucial for industries looking to balance energy demand and supply in remote or off-grid locations will augment the industry statistics. Rising technological advancements in electrolyzer technology to improve its efficiency, durability, and modular design and make it more scalable and cost-effective will boost product penetration.

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.