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市场调查报告书
商品编码
1681012
水电电解电源设备市场 - 全球和区域分析:按应用、设备类型和区域 - 分析和预测(2025-2034 年)Power Supply Equipment Market for Water Electrolysis - A Global and Regional Analysis: Focus on Application, Equipment Type, and Region - Analysis and Forecast, 2025-2034 |
水电电解电源装置是指为水电电解过程提供电能的设备或系统。
电源负责提供驱动电解反应所需的电能。水电解是将电能转化为氢和氧形式的化学能的过程,电解槽是藉助电将水分解为氢和氧的系统。据国际能源总署(IEA)称,利用水电电解生产氢气每年可防止约8.3亿吨二氧化碳排放。对绿色氢的不断增长的需求是水电电解市场成长的主要驱动力。这对能够有效支援电解过程的电源的需求越来越大。
近年来,由于政府透过政策和奖励加强支持力度、技术进步以及对可再生能源基础设施的投资增加,水电电解电源设备的市场规模显着增长。此外,水电电解技术(尤其是 PEM电解)的进步需要能够满足这些系统独特要求的专用电源。目前,水电电解电源市场规模较小,但预计在不久的将来将大幅成长。预计这一增长将受到电力电子、可再生能源整合和能源储存技术的持续技术进步的推动。此外,人们越来越认识到向绿色氢能转型的迫切性,这也推动了预期的成长。这个市场吸引了许多寻求发展并定位于水电电解专用电源领域的公司的极大兴趣和投资。
水电电解电源市场受到多种因素的推动,包括人们对氢作为清洁能源来源的兴趣日益浓厚,以及对能源储存解决方案的需求。各公司和新兴企业正在积极开发和商业化水电电解系统,目的是提高效率、降低成本和扩充性。水电电解市场的成长和发展直接电解电源设备市场的需求和技术创新。
水电电解电源市场的主要企业包括 ABB、通用电气、日本电产工业解决方案、丹佛斯传动、SMA Solar Technology AG 和美国超导。这些公司正专注于策略伙伴关係、联盟和收购,以加强其产品供应并扩大其市场影响力。总之,由于越来越关注减少温室排放排放和向更清洁能源来源、支持性法规、补贴以及可再生能源和氢气生产目标等因素,水电电解电源市场正在经历显着的成长和发展。
本报告研究了全球水电电解电源设备市场,并提供了市场概述,以及按应用、设备类型和地区分類的趋势,以及参与市场的公司概况。
Introduction of Power Supply Equipment Market for Water Electrolysis
Power supply equipment for water electrolysis refers to the devices or systems that provide electrical energy for the process of water electrolysis. The power supply equipment is responsible for delivering the necessary electrical energy to drive the electrolysis reaction. Water electrolysis is the process of converting electrical energy into chemical energy in the form of hydrogen and oxygen, and an electrolyzer is a system that breaks water into hydrogen and oxygen with the help of electricity. As per the International Energy Agency (IEA), water electrolysis-based hydrogen production has the potential to prevent the release of around 830 million tons of CO2 annually. The rising demand for green hydrogen is a significant driver for the growth of the water electrolysis market. This, in turn, creates a demand for power supply equipment that can efficiently support the electrolysis process.
Power Supply Equipment Market for Water Electrolysis Introduction
The power supply equipment market for water electrolysis has experienced significant growth in recent years due to increasing government support through policies and incentives, technological advancements, and increasing investments in renewable energy infrastructure. Furthermore, the advancement of water electrolysis technologies, particularly PEM electrolysis, has led to the need for specialized power supply equipment that can meet the unique requirements of these systems. The power supply equipment market for water electrolysis is currently small, but it is projected to experience substantial growth in the near future. This growth is anticipated due to ongoing technological advancements in power electronics, renewable energy integration, and energy storage technologies. Additionally, the increasing recognition of the imperative to transition toward green hydrogen further contributes to this anticipated growth. The market has attracted significant interest and investment as companies strive to develop and establish their position in the power supply equipment segment specifically tailored for water electrolysis.
Industrial Impact
The power supply equipment market for water electrolysis is driven by several factors, such as growing interest in hydrogen as a clean energy source and the need for energy storage solutions. Various companies and startups are actively developing and commercializing water electrolysis systems, aiming to improve efficiency, reduce costs, and increase scalability. The growth and development of the water electrolysis market for water electrolysis have a direct impact on the demand and innovation within the power supply equipment market.
The key players operating in the power supply equipment market for water electrolysis include ABB, General Electric, Nidec Industrial Solutions, Danfoss Drives, SMA Solar Technology AG, and American Superconductor. These companies are focusing on strategic partnerships, collaborations, and acquisitions to enhance their product offerings and expand their market presence. In conclusion, the power supply equipment market for water electrolysis is growing and evolving significantly because of factors such as the rising focus on reducing greenhouse gas emissions and transitioning to cleaner energy sources, supportive regulations, subsidies, and targets for renewable energy and hydrogen production.
Power Supply Equipment Market for Water Electrolysis Segmentation:
Segmentation 1: by Application
Alkaline Electrolyzer to Dominate the Power Supply Equipment Market for Water Electrolysis (by Application)
Alkaline electrolyzer held the largest share in the power supply equipment market for water electrolysis in 2024. Alkaline electrolyzers have a long-standing history in industrial applications and were the primary electrolyzer technology until the emergence of proton exchange membrane (PEM) electrolyzers in the 1970s. One of the advantages of alkaline electrolyzers is that they do not require the use of precious metals as catalysts, making them a cost-effective solution with a longer operational lifespan compared to PEM electrolyzers.
Segmentation 2: by Equipment Type
Rectifier Segment to Grow at a Significant Growth Rate in the Power Supply Equipment Market for Water Electrolysis (by Equipment Type)
In the power supply equipment market for water electrolysis, rectifier is expected to grow at a significant rate during the forecast period (2025-2034). In a water electrolysis plant, both rectifiers and transformers play important roles; however, their dominance varies depending on the specific requirements and configuration of the electrolysis plant. Also, if the energy is sourced from the grid, additional transformers may not be necessary. However, when renewable energy is utilized, transformers are commonly employed to adapt the voltage for optimal operation of the electrolyzer cells. IGBT rectifier is growing at a significant rate during the forecast period owing to benefits such as fast response times, high efficiency, and reduced energy losses.
Segmentation 3: by Region
The Europe region is expected to dominate the power supply equipment market for water electrolysis, owing to the presence of several leading companies, such as Nidec Industrial Solutions, Ingeteam, Prodrive Technologies, and KraftPowercon in the region, highly developed renewable energy market, and growing sales of fuel cell vehicles. Europe was an early adopter of water electrolysis technology for hydrogen production, with European countries leading the way. In 2020, Europe accounted for approximately 40% of the global installed capacity of water electrolyzers, according to the International Energy Agency (IEA). Recognizing the potential of electrolyzers, the European Union has incorporated electrolyzer capacity into its overall hydrogen capacity plans. This strategic approach is expected to drive significant growth, with a projected electrolyzer installed capacity of 75 gigawatts (GW) in the region by 2030.
Recent Developments in the Power Supply Equipment Market for Water Electrolysis
Demand - Drivers, Challenges, and Opportunities
Power Supply Equipment Market for Water Electrolysis Demand Drivers: Shift toward Renewable Energy Integration
Renewable energy sources are gaining attention in the market to adhere to a more sustainable future. Green hydrogen produced from renewable energy is increasingly being utilized for various applications such as oil and gas, industrial feedstock, and as a fuel in energy generation industries. Several renewable energy sources will be integrated with technical and material technologies to save and store energy in the coming years. Green hydrogen is produced from renewable energy sources, such as solar, hydro, and wind.
According to International Renewable Energy Agency (IRENA), annual capacity addition for onshore wind power is expected to increase more than threefold by 2030 and more than tenfold by 2050 relative to 2018 levels. The shift toward renewable energy transition is expected to have a direct impact on driving the adoption of water electrolysis for hydrogen production.
Furthermore, sustainable production and the use of carbon-free products on a priority basis could attenuate the problem of rising carbon emissions. Consumers prefer green hydrogen over hydrogen produced from conventional methods, as it promotes the decarbonization of power and mobility industries. Several end-use industries are moving toward green hydrogen due to its zero-carbon emission ability. Numerous interesting studies have been conducted on green hydrogen manufacturing technology and its use. Thus, consumer awareness widens the scope for sustainable products, which is expected to drive the growth of the global power supply equipment market for water electrolysis during the forecast period.
Power Supply Equipment Market for Water Electrolysis Challenges: High Energy Losses during the Electrolysis Process
Green hydrogen offers a decarbonization solution to the industrial, chemical, and transportation sectors; however, there is a considerable amount of energy loss during green hydrogen production at every point in the supply chain. According to the World Economic Forum, more than 30% of the energy used in hydrogen production is lost during the electrolysis process. The water electrolysis technology is majorly used for hydrogen production, and alkaline water electrolyzers offer a range of 50-78% energy efficiency, while the proton exchange membrane water electrolyzers offer an energy efficiency between 50-80%.
The World Economic Forum (WEF) further states that liquefying or converting hydrogen to other carriers, such as ammonia, results in a further 13-25% energy loss, and transporting hydrogen requires additional energy inputs that are typically equal to 10-12% of the hydrogen's energy.
Also, the use of hydrogen in fuel cells results in an additional 40-50% energy loss. Therefore, the net energy loss in hydrogen production using water electrolysis technology and in its further application processes is a major challenge for hydrogen production using water electrolysis technology. This is expected to restrict the growth of power supply equipment during the forecast period.
Power Supply Equipment Market for Water Electrolysis Opportunities: Advancements in Electrolysis Technology
Green Hydrogen has been widely considered an ideal sustainable energy based on the advantage of high conversion efficiency, abundant reserves, zero pollution, and high energy density. It is crucial to develop a more cost-effective green hydrogen production/water electrolysis system to achieve the goal of reducing the energy consumption of water splitting. The proton exchange membrane electrolyzer technology holds core material technology and uses expensive noble metal-based catalysts and perfluorocarbon-based proton exchange membranes, which results in high costs of system manufacturing. In order to address the limitations associated with conventional technology, a research team in Korea has recently made advancements in the development of a next-generation water electrolysis system. This breakthrough technology offers significant improvements in durability and performance, along with a substantial reduction in the cost of producing green hydrogen energy. The Korea Institute of Science and Technology has announced this project, which is the result of joint research conducted by Dr. So Young Lee's team at the Center for Hydrogen and Fuel Cell Research and Prof. Young Moo Lee from the Department of Energy Engineering at Hanyang University. The team successfully developed a membrane electrode assembly for anion exchange membrane water electrolyzers, which holds promise for replacing the expensive existing PEM technology.
Moreover, an improved understanding of the nanoscale processes occurring in SOECs is expected to result in performance and lifetime gains on the cell, stack, and system levels, which in turn enable more sizable and highly efficient SOEC plants. In Germany, the proportion of intermittent renewable energy sources in the electricity supply has exceeded 30%, while in Denmark, intermittent sources account for nearly 50% of the electricity supply. As more countries experience this shift, there will be a growing demand for energy conversion technologies that are highly efficient, such as SOECs. These cells present an opportunity to reduce the costs associated with future renewable energy systems through enhanced conversion efficiency, enabling greater integration of renewables into the energy mix. Consequently, this creates opportunities for power supply equipment suppliers.
Moreover, a recent advancement in water-splitting technology known as hybrid water electrolysis has emerged. This innovative system leverages the thermodynamically more favorable electrochemical oxidation of organic molecules instead of traditional oxygen evolution reactions (OER). By coupling this approach with hydrogen evolution reactions (HER), the hybrid water electrolysis system enhances the efficiency of water electrolysis and promotes more efficient production of hydrogen. This strategy avoids the generation of unnecessary O2 and provides the production of value-added chemicals with large current density at low input voltages, thereby improving energy conversion efficiency. With such development in electrolysis, the demand for power supply equipment is also anticipated to gain traction during the forecast period.
How can this report add value to an organization?
Product/Innovation Strategy: The product segment helps the reader understand the power supply equipment used in the water electrolysis process, including rectifiers, transformers, and others. Moreover, the study provides the reader with a detailed understanding of the power supply equipment market for water electrolysis by different applications (alkaline electrolyzer, proton exchange membrane (PEM) electrolyzer, solid oxide electrolytic cell (SOEC) electrolyzer, and anion exchange membrane (AEM) electrolyzer).
Growth/Marketing Strategy: The power supply equipment market for water electrolysis has been growing at a rapid pace. The power supply equipment market for water electrolysis offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.
Competitive Strategy: The key players in the power supply equipment market for water electrolysis analyzed and profiled in the study involve power supply equipment manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the global power supply equipment market for water electrolysis has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the power supply equipment market for water electrolysis.
Research Methodology
Factors for Data Prediction and Modeling
Market Estimation and Forecast
The market size for the power supply equipment market for water electrolysis has been calculated through a mix of secondary research and primary inputs. A top-bottom approach has been followed to derive the quantitative information. The steps involved in the bottom-up approach are as follows:
Primary Research
The primary sources involve industry experts from power supply equipment manufacturers, electrolyzer manufacturers, and green hydrogen producers. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
Secondary Research
This research study involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, Factiva, and One-Source, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as www.weforum.org and www.trademap.org.
Secondary research was done in order to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Key Companies Profiled:
Private Companies
Public Companies
Companies that are not a part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note