Guidehouse insights anticipates the global electrolyzer capacity will grow at a compound annual growth rate of 78% through 2031.
Challenges include land and water use, underdeveloped policies and incentives, and the need for additional transport and storage infrastructure, among others.
A new report from Guidehouse Insights reviews system and component price projections for four electrolyzer technology types, focusing on pricing specifics and providing capacity and revenue projections for major global regions for 2022-2031.
Water electrolysis for hydrogen production—especially green hydrogen that is produced entirely with renewable energy—is garnering renewed attention due to technological advances, a growing list of potential end-use applications for hydrogen, lower renewable electricity prices, a global push to decarbonize energy production and consumption, and a desire to help stabilize the power grid amid broader efforts toward electrification and the variability that comes with renewable supplies.
🔥 What about we co-host a webinar? Let's educate, captivate, and convert the hydrogen economy!
Hydrogen Central is the global go-to online magazine for the hydrogen economy, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
According to a new report from Guidehouse Insights, global electrolyzer capacity is expected to grow at a compound annual growth rate of 78%, from 0.5 GW in 2022 to 84.7 GW in 2031.
Peter Marrin, senior research analyst with Guidehouse Insights, said:
Alkaline and polymer electrolyte membrane electrolyzers are the only two technologies with noteworthy commercial presence in the global market.
“These two types will likely continue to dominate most regional markets for the next 5 years.”
Certain challenges still restrict green hydrogen’s full potential. Aspects of the supply and value chains of hydrogen production, including the parts and components that make up the electrolyzers themselves, remain technologically immature, logistically precarious, and prohibitively expensive. Thanks for staying up to date with Hydrogen Central.
Other challenges include land and water use, underdeveloped government policies and incentives, and the need for further infrastructure for transport and storage.
The report, Price Modeling and Learning Curves for Electrolyzers, provides system and component price projections for four electrolyzer technology types: alkaline, polymer electrolyte membrane (PEM), solid oxide electrolyzer cells (SOEC), and anion exchange membrane (AEM).
This report focuses primarily on the specifics of pricing for these four electrolyzer types, including capacity and revenue projections for major global regions for 2022-2031. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets.
The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting.
By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation.
Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally.
Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
READ the latest news shaping the hydrogen market at Hydrogen Central
Guidehouse Insights Anticipates the Global Electrolyzer Capacity Will Grow at a Compound Annual Growth Rate of 78% Through 2031, March 24, 2021
