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PEM Electrolyzer Market - A Global and Regional Analysis

Focus on End User, Material Type, and Region - Analysis and Forecast, 2022-2031

 
Some Faq's

Frequently Asked Questions

Polymer electrolyte membrane (PEM) is a type of water electrolysis advanced technology used to separate water molecules into hydrogen and oxygen. The anode and cathode materials in a PEM electrolyzer are typically iridium oxide and platinum, respectively. As opposed to liquid electrolytes, acidic membranes such as perfluorosulfonic acid membranes are used as solid electrolytes. The membranes allow hydrogen cations to pass from anode to cathode while also separating the hydrogen and oxygen produced during the reaction. The kinetics of the hydrogen evolution reaction (HER) in PEM electrolysis is faster than alkaline electrolysis due to the low pH of the electrolyte, the high active metal surface area of platinum electrodes, along with higher safety provided by the PEM electrolyzer due to the absence of any caustic electrolyte.

The demand for green and low-carbon emission technologies processes is anticipated to increase in the coming years and fuel the growth of the PEM electrolyzer market due to the increasing number of government initiatives and the growing emphasis on reducing carbon emission and achieving carbon neutrality. Moreover, the rising demand for advanced electrolysis technologies is broadening growth prospects for the global PEM electrolyzer market.

PEM electrolyzers have seen major developments by key players operating in the market, such as business expansions, partnerships, collaborations, and joint ventures. According to BIS Research analysis, most of the companies preferred partnerships, collaborations, mergers and acquisitions, and joint ventures as a strategy to further increase their growth in the global PEM electrolyzer market. Companies such as Plug Power Inc., ITM Power PLC., and Siemens Energy AG. have majorly adopted the strategies such as partnerships, collaborations, and joint ventures.

A new entrant can focus on generating and providing green hydrogen by utilizing PEM electrolyzers in end-use sectors such as transportation, refining, ammonia, methanol, and power and energy storage, among other industries due to the high demand and adoption of PEM electrolyzers for these applications worldwide.

The following can be termed as some of the USPs of the report:

•    Extensive competitive benchmarking of 20 key players to offer a holistic view of the global PEM electrolyzer market landscape
•    Market segregation based on material type and end user
•    Investment landscape, including product adoption scenario, funding, and patent analysis.
•    Impact of Russia-Ukraine conflict on the PEM electrolyzer market
•    Impact of iridium demand-supply gap on the PEM electrolyzer market
•    Detailed analysis of key steps taken by 10 key PEM electrolyzer manufacturers to mitigate the iridium demand-supply gap.

The companies that produce and commercialize PEM electrolyzers, end-use sectors, research institutions, and regulatory bodies involved in the global PEM electrolyzer market should buy this report.

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