The Global Water Electrolysis Market 2020 is prompted to record 7.58% CAGR during the forecast period, 2014–2018. The development in the market can be observed with the rising factors from all corners of the globe. Market Research Future estimates the figures and reveals that the market will witness high growth prospects with USD 12,975 Million by 2025.
Top Impacting Factors
MRFR, in its study, has included that a rise in demand for a carbon-free source of energy is highly anticipated to drive the demand for water electrolysis worldwide in the coming years. Also, the mounting demand for water electrolysis machines in the pharmaceutical, chemical, and petroleum sectors is estimated to motivate the market during the forecast period.
On the same side, the expansion of the chemical sector across the world and the rapid adoption of water electrolysis in this sector is another factor estimated to boost the global water electrolysis machine market during the assessment period.
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Segmentation of Market: Water Electrolysis
The global water electrolysis market is further segmented into various segments such as end-users, and product category.
The global Water Electrolysis Market is also led by regions of Asia-Pacific, North America, and Europe. Asia-Pacific region is predicted to be the largest market for the water electrolysis market back in 2018. It is now possible to lead the global water electrolysis market during the forecast period. In Asia-Pacific, the incidence of developing countries such as China, India, South Korea, and Malaysia are the main factor for the growth of water electrolysis in the domestic region. Moreover, the rigorous government regulation to diminish carbon footprint in the local region is likely to further put into the market growth of the water electrolysis during the assessment period.
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The top players of the global water electrolysis market are included as Linde AG, ThyssenKrupp AG, Siemens AG, Air Products and Chemicals, Inc., Teledyne Energy Systems Inc., ProtonOnsite, Hydrogenics Corporation, AREVA H2Gen, Peak Scientific and Erre Due SpA.
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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