Global PEM Electrolyzer and MEA Component Market
Report Scope:
This report briefly covers the leading electrolyzer technologies used in the water electrolysis process. It analyzes the PEMEL market and its regional and application segments. The report also includes an analysis of key components and their estimated and forecast markets by region.
Report Includes:
This report briefly covers the leading electrolyzer technologies used in the water electrolysis process. It analyzes the PEMEL market and its regional and application segments. The report also includes an analysis of key components and their estimated and forecast markets by region.
Report Includes:
- 17 data tables and 26 additional tables
- An overview of the global market for proton exchange membrane electrolyzer (PEMEL) and membrane electrode assembly (MEA) components and related technologies
- Analyses of the global market trends, with market revenue (sales data) for 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Evaluation and forecast the PEM Electrolyzer market size in value and volumetric means, and corresponding market share analysis segmented by type, component, application, and region
- Identification of viable technology drivers through a holistic review of leading electrolyzer technologies for new and existing applications in hydrogen refuelling stations, refineries, and the chemicals industry
- Assessment of major driving factors, trends, opportunities and challenges in this innovation driven market, with emphasis on recent developments in the PEM electrolyzer industry
- Estimation of the actual market size and revenue forecasts for PEMEL and MEA components used as hydrogen generation systems, their regional and application segments markets
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading PEM electrolyzers manufacturers, including ITM Power, 3M, SGL, Siemens Energy, BASF and Toray
CHAPTER 1 INTRODUCTION
Study Goals and Objectives
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY AND HIGHLIGHTS
CHAPTER 3 ELECTROLYZER INDUSTRY OVERVIEW
PEM Electrolyzer Market
Market for PEM Electrolyzer MEA Components
PEM Electrolyzer Market by Segment
Market Forecast
Electrolyzer Market
CHAPTER 4 MARKET AND TECHNOLOGY OVERVIEW
Technical Overview
Electrolyzers
Key Components of Electrolyzers
Market Overview
Value Chain
Government Policies
CHAPTER 5 PEM ELECTROLYZER COMPONENTS AND MARKETS
Key Components
Membrane Electrode Assembly
Stack Assembly Lines
Catalyst Coated Membranes
Porous Transport Layer
Bipolar Plates
Economies of Scale
Key Materials in PEM Electrolyzers
Platinum
Iridium
CHAPTER 6 PEM ELECTROLYZER MARKET BY APPLICATION
Hydrogen Fueling Stations
Chemical Industry
Refineries
Other Applications
CHAPTER 7 MARKET BREAKDOWN BY REGION
War Analysis
Russia-Ukraine War
Tension Between China and Taiwan
Asia-Pacific
Europe
North America
Rest of the World
CHAPTER 8 LARGE-SCALE ORDERS AND INSTALLATIONS
CHAPTER 9 COMPANY PROFILES
PEM Electrolyzer and Component Manufacturers
Company Profiles PEM Electrolyzer Manufacturers
AREVA H2GEN (ACQUIRED BY GTT)
ASAHI KASEI
CARBOTECH
CHENGDU VERTEX INDUSTRY CO. LTD.
CUMMINS INC.
DENORA
ELOGEN (ACQUIRED BY GTT)
ERREDUE SPA
GINER ELX (ACQUIRED BY PLUG POWER)
GREEN H2 SYSTEMS
HELE TITANIUM
HIAT GGMBH
HONDA
HYTRON
IGAS ENERGY PLC
INEOS
ITM POWER
KOBELCO
MAN ENERGY (H-TEC)
NEL HYDROGEN
OHMIUM INTERNATIONAL
PEAK SCIENTIFIC
PLUG POWER INC.
SIEMENS ENERGY
Company Profiles of Component Manufacturers
3M
ADVENT
AVCARB
BALLARD POWER SYSTEMS
BASF
CHEMOURS CO.
FREUDENBERG
GREENERITY3(SUBSIDIARY OF TORAY)
HERAEUS
HYPLAT
ION POWER
IRD FUEL TECHNOLOGY
JOHNSON MATTHEY
MITSUBISHI CHEMICAL CORP.
SGL CARBON
SOLVAY
TANAKA PRECIOUS METALS
TORAY
UMICORE
W. L. GORE & ASSOCIATES, INC.
Study Goals and Objectives
Scope of Report
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
CHAPTER 2 SUMMARY AND HIGHLIGHTS
CHAPTER 3 ELECTROLYZER INDUSTRY OVERVIEW
PEM Electrolyzer Market
Market for PEM Electrolyzer MEA Components
PEM Electrolyzer Market by Segment
Market Forecast
Electrolyzer Market
CHAPTER 4 MARKET AND TECHNOLOGY OVERVIEW
Technical Overview
Electrolyzers
Key Components of Electrolyzers
Market Overview
Value Chain
Government Policies
CHAPTER 5 PEM ELECTROLYZER COMPONENTS AND MARKETS
Key Components
Membrane Electrode Assembly
Stack Assembly Lines
Catalyst Coated Membranes
Porous Transport Layer
Bipolar Plates
Economies of Scale
Key Materials in PEM Electrolyzers
Platinum
Iridium
CHAPTER 6 PEM ELECTROLYZER MARKET BY APPLICATION
Hydrogen Fueling Stations
Chemical Industry
Refineries
Other Applications
CHAPTER 7 MARKET BREAKDOWN BY REGION
War Analysis
Russia-Ukraine War
Tension Between China and Taiwan
Asia-Pacific
Europe
North America
Rest of the World
CHAPTER 8 LARGE-SCALE ORDERS AND INSTALLATIONS
CHAPTER 9 COMPANY PROFILES
PEM Electrolyzer and Component Manufacturers
Company Profiles PEM Electrolyzer Manufacturers
AREVA H2GEN (ACQUIRED BY GTT)
ASAHI KASEI
CARBOTECH
CHENGDU VERTEX INDUSTRY CO. LTD.
CUMMINS INC.
DENORA
ELOGEN (ACQUIRED BY GTT)
ERREDUE SPA
GINER ELX (ACQUIRED BY PLUG POWER)
GREEN H2 SYSTEMS
HELE TITANIUM
HIAT GGMBH
HONDA
HYTRON
IGAS ENERGY PLC
INEOS
ITM POWER
KOBELCO
MAN ENERGY (H-TEC)
NEL HYDROGEN
OHMIUM INTERNATIONAL
PEAK SCIENTIFIC
PLUG POWER INC.
SIEMENS ENERGY
Company Profiles of Component Manufacturers
3M
ADVENT
AVCARB
BALLARD POWER SYSTEMS
BASF
CHEMOURS CO.
FREUDENBERG
GREENERITY3(SUBSIDIARY OF TORAY)
HERAEUS
HYPLAT
ION POWER
IRD FUEL TECHNOLOGY
JOHNSON MATTHEY
MITSUBISHI CHEMICAL CORP.
SGL CARBON
SOLVAY
TANAKA PRECIOUS METALS
TORAY
UMICORE
W. L. GORE & ASSOCIATES, INC.
LIST OF TABLES
Summary Table: Global PEMEL Market, by Application, Through 2027
Table A: Report Resources
Table 1: MEA Component Market
Table 2: Global Electrolyzer Market, by Technology, 2020
Table 3: Key Characteristics of Alkaline Electrolyzers
Table 4: Key Characteristics of PEM Electrolyzers
Table 5: Key Characteristics of SOEC Electrolyzers
Table 6: Key Characteristics of AEM Electrolyzers
Table 7: Electrolyzer Components and Materials
Table 8: Key Hydrogen and Electrolyzer Initiatives
Table 9: Key Hydrogen R&D Programs
Table 10: Key Manufacturers of PEM Electrolyzer Components
Table 11: Global PEMEL Market, by MEA Component, Through 2027
Table 12: Global PEMEL Market, by Application, Through 2027
Table 13: Global PEMEL Market in HFS, by Region, Through 2027
Table 14: Key HFS Technologies and Associated Cost Analysis
Table 15: HFS Projects Referred to in the Report
Table 16: Global PEMEL Market in Chemical Industry, Through 2027
Table 17: Chemical Production Projects Referred to in the Report
Table 18: European PEMEL Market in Refinery Industry, Through 2027
Table 19: Refinery Projects Referred to in the Report
Table 20: Global PEMEL Market in Other Applications, by Region, Through 2027
Table 21: Other Application Projects Referred to in the Report
Table 22: Global PEM Electrolyzers Market, by Region, Through 2027
Table 23: APAC PEMEL Market, by Application, Through 2027
Table 24: PEM Electrolyzer Projects in APAC, by Country, 2019-2028
Table 25: PEM Electrolyzer Projects in APAC, by Application, 2019-2028
Table 26: EU PEMEL Market, by Application, Through 2027
Table 27: PEM Electrolyzer Projects in EU, by Country, 2019-2030
Table 28: PEM Electrolyzer Projects in EU, by Application, 2019-2030
Table 29: Planned and Announced PEMEL Projects in the U.S., by Capacity, June 2021
Table 30: North American PEMEL Market, by Application, Through 2027
Table 31: PEM Electrolyzer Projects in North America, by Country, 2019-2025
Table 32: PEM Electrolyzer Projects in North America, by Application, 2019-2025
Table 33: RoW PEMEL Market, by Application, Through 2027
Table 34: PEM Electrolyzer Projects in RoW, by Country, 2021-2024
Table 35: PEM Electrolyzer Projects in RoW, by Application, 2021-2024
Table 36: Publicly Disclosed Large-Scale Orders and Installations
Table 37: PEM Electrolyzer Manufacturers’ Headquarters and Manufacturing Locations
Table 38: Component Manufacturers Headquarters and Manufacturing Locations
Table 39: ITM Power: Products Offered
Table 40: 3M: Financial Performance, Through 2021
Table 41: SGL: Financial Performance, Through 2021
Summary Table: Global PEMEL Market, by Application, Through 2027
Table A: Report Resources
Table 1: MEA Component Market
Table 2: Global Electrolyzer Market, by Technology, 2020
Table 3: Key Characteristics of Alkaline Electrolyzers
Table 4: Key Characteristics of PEM Electrolyzers
Table 5: Key Characteristics of SOEC Electrolyzers
Table 6: Key Characteristics of AEM Electrolyzers
Table 7: Electrolyzer Components and Materials
Table 8: Key Hydrogen and Electrolyzer Initiatives
Table 9: Key Hydrogen R&D Programs
Table 10: Key Manufacturers of PEM Electrolyzer Components
Table 11: Global PEMEL Market, by MEA Component, Through 2027
Table 12: Global PEMEL Market, by Application, Through 2027
Table 13: Global PEMEL Market in HFS, by Region, Through 2027
Table 14: Key HFS Technologies and Associated Cost Analysis
Table 15: HFS Projects Referred to in the Report
Table 16: Global PEMEL Market in Chemical Industry, Through 2027
Table 17: Chemical Production Projects Referred to in the Report
Table 18: European PEMEL Market in Refinery Industry, Through 2027
Table 19: Refinery Projects Referred to in the Report
Table 20: Global PEMEL Market in Other Applications, by Region, Through 2027
Table 21: Other Application Projects Referred to in the Report
Table 22: Global PEM Electrolyzers Market, by Region, Through 2027
Table 23: APAC PEMEL Market, by Application, Through 2027
Table 24: PEM Electrolyzer Projects in APAC, by Country, 2019-2028
Table 25: PEM Electrolyzer Projects in APAC, by Application, 2019-2028
Table 26: EU PEMEL Market, by Application, Through 2027
Table 27: PEM Electrolyzer Projects in EU, by Country, 2019-2030
Table 28: PEM Electrolyzer Projects in EU, by Application, 2019-2030
Table 29: Planned and Announced PEMEL Projects in the U.S., by Capacity, June 2021
Table 30: North American PEMEL Market, by Application, Through 2027
Table 31: PEM Electrolyzer Projects in North America, by Country, 2019-2025
Table 32: PEM Electrolyzer Projects in North America, by Application, 2019-2025
Table 33: RoW PEMEL Market, by Application, Through 2027
Table 34: PEM Electrolyzer Projects in RoW, by Country, 2021-2024
Table 35: PEM Electrolyzer Projects in RoW, by Application, 2021-2024
Table 36: Publicly Disclosed Large-Scale Orders and Installations
Table 37: PEM Electrolyzer Manufacturers’ Headquarters and Manufacturing Locations
Table 38: Component Manufacturers Headquarters and Manufacturing Locations
Table 39: ITM Power: Products Offered
Table 40: 3M: Financial Performance, Through 2021
Table 41: SGL: Financial Performance, Through 2021
LIST OF FIGURES
Summary Figure: Global PEMEL Market, by Application, 2021-2027
Figure 1: PEM Electrolyzer Market Estimate
Figure 2: Stage 1: PEM Electrolyzer Component Cost Summary
Figure 3: Stage 2-MEA Components: PEM Electrolyzer Component Cost Summary
Figure 4: MEA Component Share in PEM Electrolyzer Cost
Figure 5: Global Electrolyzer Market Volume, by Type, 2015-2020
Figure 6: Global Electrolyzer Market Volume, by Region/Country, 2015-2020
Figure 7: New Electrolyzer Capacity Based on Projects Under Construction or Planned, by Region/Country, 2021-2030
Figure 8: Alkaline Electrolyzer
Figure 9: PEM Electrolyzer
Figure 10: Solid Oxide Electrolyzer
Figure 11: AEM Electrolyzer
Figure 12: PEM Electrolyzer Component Costs, by Percentage
Figure 13: Water Electrolysis System with PEM Technology
Figure 14: PEM Electrolyzer Components and Materials
Figure 15: PEM Electrolyzer 1 MW System Cost Analysis
Figure 16: PEM Electrolyzer 1 MW System Cost Reduction Potential
Figure 17: PEM Electrolyzer Value Chain
Figure 18: Electrolyzer Value Chain Trends, 2020-2030
Figure 19: PEM MEA Design
Figure 20: Semi-Automatic Stack Assembly Line
Figure 21: Catalyst Deposition Using Spray Coating
Figure 22: Powder Metallurgy Process for Producing Titanium Felts Used in the PTL
Figure 23: Production Process for Metal Bipolar Plates
Figure 24: Economies of Scale for CCM (1)
Figure 25: Economies of Scale for CCM (2)
Figure 26: Economies of Scale for PTL (1)
Figure 27: Economies of Scale for PTL (2)
Figure 28: Carbon Cloth and Ti-Based PTL Cost
Figure 29: Economies of Scale for Stack Cost (1)
Figure 30: Economies of Scale for Stack Cost (2)
Figure 31: Economies of Scale for PEM System Cost (1)
Figure 32: Economies of Scale for PEM System Cost (2)
Figure 33: Platinum Demand and Returns, Conservative Scenario [kg/a]
Figure 34: Platinum Demand and Returns, Progressive Scenario [kg/a]
Figure 35: Iridium Demand and Returns, Conservative Scenario [kg/a]
Figure 36: Iridium Demand and Returns, Progressive Scenario [kg/a]
Figure 37: Electrolyzer Applications, by Technology
Figure 38: Ammonia Production Using PEM Electrolyzers
Figure 39: Ammonia Production Using PEM Electrolyzers
Figure 40: Global Hydrogen Production Forecast, by Technology, 2020-2050
Figure 41: Global Electrolyzer Manufactured Capacity, by Technology, 2020-2050
Figure 42: Top 5 PGM Exporters and Their Share in Global Export
Figure 43: Top 5 Exporters of Electrolyzers and Their Share in Global Export
Figure 44: Top 5 Importers of Electrolyzers and Their Share in Global Import
Figure 45: Sites of U.S. PEM Electrolyzers, Installed and Planned, June 2021
Figure 46: U.S. Hydrogen Production Forecast, by Technology, 2020-2050
Figure 47: North American Manufacturer Electrolyzer Capacity, by Technology, 2020-2050
Figure 48: 3M: Revenue Share, by Segment, 2021
Figure 49: 3M: Revenue Share, by Region, 2021
Summary Figure: Global PEMEL Market, by Application, 2021-2027
Figure 1: PEM Electrolyzer Market Estimate
Figure 2: Stage 1: PEM Electrolyzer Component Cost Summary
Figure 3: Stage 2-MEA Components: PEM Electrolyzer Component Cost Summary
Figure 4: MEA Component Share in PEM Electrolyzer Cost
Figure 5: Global Electrolyzer Market Volume, by Type, 2015-2020
Figure 6: Global Electrolyzer Market Volume, by Region/Country, 2015-2020
Figure 7: New Electrolyzer Capacity Based on Projects Under Construction or Planned, by Region/Country, 2021-2030
Figure 8: Alkaline Electrolyzer
Figure 9: PEM Electrolyzer
Figure 10: Solid Oxide Electrolyzer
Figure 11: AEM Electrolyzer
Figure 12: PEM Electrolyzer Component Costs, by Percentage
Figure 13: Water Electrolysis System with PEM Technology
Figure 14: PEM Electrolyzer Components and Materials
Figure 15: PEM Electrolyzer 1 MW System Cost Analysis
Figure 16: PEM Electrolyzer 1 MW System Cost Reduction Potential
Figure 17: PEM Electrolyzer Value Chain
Figure 18: Electrolyzer Value Chain Trends, 2020-2030
Figure 19: PEM MEA Design
Figure 20: Semi-Automatic Stack Assembly Line
Figure 21: Catalyst Deposition Using Spray Coating
Figure 22: Powder Metallurgy Process for Producing Titanium Felts Used in the PTL
Figure 23: Production Process for Metal Bipolar Plates
Figure 24: Economies of Scale for CCM (1)
Figure 25: Economies of Scale for CCM (2)
Figure 26: Economies of Scale for PTL (1)
Figure 27: Economies of Scale for PTL (2)
Figure 28: Carbon Cloth and Ti-Based PTL Cost
Figure 29: Economies of Scale for Stack Cost (1)
Figure 30: Economies of Scale for Stack Cost (2)
Figure 31: Economies of Scale for PEM System Cost (1)
Figure 32: Economies of Scale for PEM System Cost (2)
Figure 33: Platinum Demand and Returns, Conservative Scenario [kg/a]
Figure 34: Platinum Demand and Returns, Progressive Scenario [kg/a]
Figure 35: Iridium Demand and Returns, Conservative Scenario [kg/a]
Figure 36: Iridium Demand and Returns, Progressive Scenario [kg/a]
Figure 37: Electrolyzer Applications, by Technology
Figure 38: Ammonia Production Using PEM Electrolyzers
Figure 39: Ammonia Production Using PEM Electrolyzers
Figure 40: Global Hydrogen Production Forecast, by Technology, 2020-2050
Figure 41: Global Electrolyzer Manufactured Capacity, by Technology, 2020-2050
Figure 42: Top 5 PGM Exporters and Their Share in Global Export
Figure 43: Top 5 Exporters of Electrolyzers and Their Share in Global Export
Figure 44: Top 5 Importers of Electrolyzers and Their Share in Global Import
Figure 45: Sites of U.S. PEM Electrolyzers, Installed and Planned, June 2021
Figure 46: U.S. Hydrogen Production Forecast, by Technology, 2020-2050
Figure 47: North American Manufacturer Electrolyzer Capacity, by Technology, 2020-2050
Figure 48: 3M: Revenue Share, by Segment, 2021
Figure 49: 3M: Revenue Share, by Region, 2021
