ACCESS Newswire
23 Nov 2020, 19:43 GMT+10
Market players are focusing their resources on strategic acquisitions and collaborations to strengthen the scope of product development, thus consolidating their market position.
ROCKVILLE, MD / ACCESSWIRE / November 23, 2020 / The water electrolysis machine market will reflect an impressive CAGR of 7% throughout the projected period, 2020-2030. The growth can be primarily attributed to extensive use in the downstream procedure of DNA and protein separation. The market will be majorly employed in the chemical sector, such as the manufacturing of ammonium and methanol fertilizers, along with extensive applications of hydrogen formation in the petroleum sector for treating crude oil. These devices are further likely to discover major roles in hydrogen generation for electronics, steel, and pharmaceutical applications.
' Increasing global demand for carbon-free, sustainable sources of energy, extending applications scope in several end-use sectors, and enhancements in the incorporation of renewables for power to gas facilities are prominent aspects that will propel the market growth over the assessment period.' says the Fact.MR report.
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Key Takeaways
Driving Factors
Constraints
Anticipated Market Impact by COVID-19 Outbreak
Several end-user sectors that are active in the water electrolysis machines market have been impacted by the COVID-19 outbreak, impacting the short-term demand. On the other hand, the market is anticipated to foresee stable recovery by 2021, as private and public investments towards hydrogen generation and renewables are likely to regain impulse in the near future.
Explore the global Water Electrolysis Machine market with 90 figures, 60 data tables, along with the table of contents of the report. You can also find detailed segmentation on https://www.factmr.com/report/5248/water-electrolysis-machine-market
Competition Landscape
Key players identified in the global market are Kobel Co Eco-Solutions, Air Products and Chemicals Inc., AREVA H2Gen, C&E Environmental Technology Co. Ltd., Asahi Kasei Corporation, Toshiba Lifestyle Products & Services Corporation, ThyssenKrupp AG, Teledyne Technologies Inc., and Enagic.
More on the Report
The Fact.MR's market research report provides in-depth insights into the water electrolysis machine market. The market is scrutinized based on type (proton exchange membrane, alkaline water electrolysis, and others), input power (below kW, 2 kW - 5 kW, and above 5 kW), hydrogen production (below 500, 500 -2000, and above 2000), and application (chemicals, petroleum, steel plants, pharmaceuticals, electronics & semiconductors, power plants, and others), across five major regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)).
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About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latest market research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: FactMR
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