New York, According to a new market research report published by Global Insight Services “Alkaline Water Electrolysis Market” is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Alkaline water electrolysis is a water treatment process that uses an electric current to convert water into alkaline water. The process involves passing an electric current through water, which causes the water molecules to break down into their component parts: hydrogen and oxygen. The oxygen is then released into the atmosphere, while the hydrogen is used to create alkaline water.
Alkaline water has a number of benefits over regular water, including the fact that it is more hydrating, helps to neutralize acidity in the body, and can aid in detoxification. Additionally, alkaline water has been shown to improve skin health and boost the immune system.
Key Trends
There are several key trends in alkaline water electrolysis technology.
First, there is a trend toward smaller, more portable electrolyzers. This is driven by the need for electrolyzers that can be used in a variety of settings, including in remote areas where power is not available.
Second, there is a trend toward more efficient electrolyzers. This is driven by the need to reduce the cost of alkaline water electrolysis, as well as by the need to reduce the environmental impact of the technology.
Third, there is a trend toward using renewable energy sources to power electrolyzers. This is driven by the need to reduce the carbon footprint of the technology.
Key Drivers
The key drivers of the alkaline water electrolysis market are the increasing demand for clean and potable water, the increasing awareness about the health benefits of alkaline water, and the need for an efficient and cost-effective water treatment technology.
The increasing demand for clean and potable water is the primary driver of the alkaline water electrolysis market. The rising population and the increasing industrialization and urbanization are the major factors driving the demand for clean and potable water. According to the World Health Organization, the global population is expected to reach 9.7 billion by 2050 and the demand for water is expected to increase by about 30%. The industrialization and urbanization are also leading to the contamination of water sources, which is further driving the demand for clean and potable water.
The increasing awareness about the health benefits of alkaline water is another key driver of the alkaline water electrolysis market. Alkaline water is known to have several health benefits, such as improved digestion, detoxification, and improved metabolism. Additionally, alkaline water is also known to boost the immune system and reduce the risk of chronic diseases. The increasing awareness about these health benefits is expected to drive the demand for alkaline water.
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Market Segments
The Alkaline Water Electrolysis Market is segmented on the basis of product, capacity, application, and region. Depending on product, the market is segmented into alkaline electrolyzer, PEM electrolyzer and solid oxide electrolyzer. By capacity, the market is categorized into less than 500 kW, 500 kW to 2 MW, and above 2 MW. Based on application, the market is divided into power generation, transportation, industry energy, industry feedstock, building heat and power, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Alkaline Water Electrolysis Market report includes players such as Hydrogenics, Nel ASA, Siemens Energy, Toshiba, Air Liquide, Plug Power, McPhy Energy, ITM Power, Idroenergy, and Next Hydrogen.
Reasons to buy Alkaline Water Electrolysis Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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