Australia and Japan Hydrogen Electrolyzer Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMEP2886 | Last Updated On: Dec 02 2022 | Available Formats

> Australia and Japan Hydrogen Electrolyzer Market Expected to reach a high CAGR during the forecast period 2022-2029: DataM Intelligence

Australia and Japan Hydrogen Electrolyzer Market is segmented By Product (Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Others), By End-User (Automotive, Electricity, Pharmaceutical and Biotechnology, Metal, Glass, Others), and By Region – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Australia and Japan hydrogen electrolyzer market valued US$ 8,200.34 thousand in 2019 and it is expected to grow at a CAGR of 21.2% to reach US$ YY thousand by 2029

Electrolysis is the process of utilizing electricity to split water into hydrogen and oxygen. The different processes used for hydrogen production includes traditional alkaline electrolysis and PEM electrolysis. The systems can produce onsite demand for hydrogen, pressurized hydrogen without compressors and 99.999% of pure, dry and carbon-free hydrogen. The technical and economical advantages of hydrogen electrolyzers include the ability to produce pure hydrogen, the ability to produce hydrogen on-site and the low-cost method for producing highly efficient hydrogen. The hydrogen electrolyzer demand is increasing at a rapid pace with a surge in government initiatives and spending on the development of hydrogen-related technologies across Australia and Japan. For instance, in 2019, the Australian government have announced an investment of around US$ 55 million to fast track the hydrogen-related technologies which boost the market growth.

Australia and Japan Hydrogen Electrolyzer Market Scope

Metrics

Details

Market CAGR

21.2%

Segments Covered

By Product, By End-User and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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Segmentation Analysis

By product type, the market is segmented into alkaline electrolyzer and PEM electrolyzer. Among these PEM electrolyzers has the highest market share in 2019, this is primarily due to increasing demand by the government authorities for hydrogen production as well as launching of advanced technology-based electrolyzers for hydrogen production across the Australia and Japan region. For instance, For instance, on 7th May 2019, Nel launched Containerized standard 1 and 2 MW (200 and 400 Nm3/hr) configurations large-scale PEM electrolyzer

Depending upon the end-use industry, the Australian and Japan market is divided into automotive, electricity, pharmaceutical and biotechnology, metal, glass and others. Among this, the electricity segment has the highest market share in 2019, For instance, in 2018, NEDO (New Energy and Industrial Technology Development Organization) have launched the project in collaboration with Kawasaki Heavy Industries and Obayashi construction firm for supply electricity and heat for the urban areas, which uses hydrogen as a fuel to support sustainable development. Thus it created a massive demand for hydrogen production with the help of the hydrogen electrolyzer in this region.

Also, the automotive segment is growing at a faster pace due to the increasing installation of hydrogen fueling stations across Japan and Australia. For instance, as of 2019, Japan has around 127 hydrogen fueling stations and is planning to establish stations. Also, Toyota has helped build and operate more than 100 hydrogen fueling stations in Japan and is projected to build 900 hydrogen fuelling stations by 2030. It created a massive demand for the hydrogen electrolyzer for the automotive segment in this country

Also Based on the country, the market is bifurcated into Australia and Japan. Among these, Japan has the highest market share in 2019, this is primarily due to increasing investment by the Australian government for the hydrogen technologies development projects

Geographical Analysis

Japan region of hydrogen electrolyzer market is valued at US$ 2,651.32 thousand in 2019 and is estimated to grow at a CAGR of 21% over the forecast period to reach US$ 37,435.68 thousand by 2027

Japan is growing at a faster pace for the hydrogen electrolyzer market owing to rising government funding and support for the development of hydrogen technology and hydrogen production projects to support the clean and green economy

For instance, in 2019, as per the Ministry of Trade, Economy and industry, Japanese industries and the Japanese government have allocated around US$ 748 million for the projects related to hydrogen technology to support the clean economy in the country

Further demand for the hydrogen electrolyzer in Japan is driven by a surge in the commercial project with rising funding from the government for the development of emerging and innovative technologies for hydrogen-related research and pilot projects

These projects are supported by several leading organizations and companies in Japan, which includes Japan Oil, Gas and Metals, New Energy and Industrial Technology Development Organization (NEDO) and National Corporation (JOGMEC), etc.

Further several private financial banks and government banks in Japan are also providing support for the development of the hydrogen electrolyzer and hydrogen-related technologies in the country. For instance, in July 2019, NEXI launched 'Loan Insurance for Green Innovation, which is applied for projects related to hydrogen-related technologies and provides an increased commercial risk coverage rate by up to 97.5%. It may create massive demand for the growth of the hydrogen electrolyzer market in this country

Australia has the highest market share for the growth of the hydrogen electrolyzer market. This is primarily due to the rising demand for electricity generation using renewable energy sources such as solar, wind, etc. For instance, as per the clean energy council organization report, Australia has the largest renewable energy production capacity reached around 2.2 GW across 34 projects in 2019. Among these, solar energy has the highest, more than two-thirds of renewable energy contribution. Thus to use and store such a massive amount of the electricity generated through renewable energy sources, hydrogen electrolyzer has created enormous demand in this country

Also, the lack of fossil fuel availability in Australia and rising government support and funding to promote clean carbon-free energy have created a massive demand for the hydrogen electrolyzer in this country. For instance, the Australian Federal Parliament has provided significant support and funding for hydrogen and fuel cell innovation with an investment of around US$ 784 million to "supercharge" Australia’s hydrogen industry. It created a massive demand for the hydrogen electrolyzer market in this region

Also, in the Pilbara region in Australia, the local mining industry has created15 GW of solar and wind capacity to supply electricity for hydrogen commodity production using electrolysis in 2019. Further in 2018, a 50 MW wind and solar-fuelled hydrogen electrolyzer have been built as part of a new Hydrogen Hub at Neoen near Crystal Brook, Australia. Also, in 2018, a 30 MW hydrogen electrolyzer has been installed at Port Lincoln, South Australia, which can produce 50 tonnes per day at in 2018

Competitive Analysis

The hydrogen electrolyzer market is a consolidated market with the top five companies occupying 81.64% of the market share in 2019. Toshiba Energy Systems & Solutions Corporation dominated the market with a market share of 38.86% in the year 2019 owing to large-scale contracts received in Japan. Government projects play a major role in determining the market position of players in the Australian and Japan regions. Most of the players are focusing on expanding their network as well as expanding their presence in the region. The majority of the players are focusing on partnerships and agreements. In July 2020, McPhy is selected for the deployment of two stations with a capacity of 400 kg of hydrogen per day each which is valued at around US$ 4.80 million. It connects with 1 M.W. high-power electrolyzer, on the territory of Dijon Métropole, France. Also, McPhy is selected for the deployment of two stations with a capacity of 400 kg of hydrogen per day each which is valued at around US$ 4.80 million in July 2020. The major players are using project acquisition, partnership, market expansion and product launches for holding their market position. For instance, In December 2020, Snam and Linde who owns a 20% stake in ITM Power have signed an agreement to jointly develop clean hydrogen projects worth around US$ 50 million. The joint partnership will be able to develop key technologies along with the hydrogen value for commercial projects in the areas of distribution, production, compression and storage. In July 2020, ITM Power has launched the ITM Motive for building and operating hydrogen refuelling stations portfolio across the United Kingdom. In June 2020 McPhy delivered and installed a McLyzer 400-30 2 M.W. electrolysis platform which produces over 300 tons of zero-carbon hydrogen from renewable energy per year to The Apex Energy plant. In June 2020, Cummins has announced to provide the largest PEM electrolyzers hydrogen technology which enables renewable energy for public utilities in Washington, United States. Cummins Inc global technology and power solutions will provide its 5-megawatt PEM electrolyzer to enable renewable energy for the Douglas County Public Utility District (Douglas County PUD) in Washington State.

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FAQ

What is the Growth Rate of the Australia and Japan Hydrogen Electrolyzer Market?

The market is growing at a CAGR of 21.2%.

What Companies Are Included in the Australia and Japan Hydrogen Electrolyzer Market?

Cummins Inc., ITM Power, Enapter S.r.l., H-TEC Systems, Siemens Gas and Power GmbH & Co. KG, PLUG POWER INC., Amtronics, Toshiba Energy Systems & Solutions Corporation.

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