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Water Electrolysis Market Size

ID: MRFR//2789-CR | 118 Pages | Author: Varsha More| February 2020

Water Electrolysis Market Growth Projections and Opportunities

Proton Exchange Membrane (PEM) water electrolysis is a process where a thin membrane, which conducts protons, is used as a solid material instead of liquid electrolytes. This is different from the usual method called alkaline water electrolysis. The membranes used in PEM electrolysis are very acidic and strong, and they are not in liquid form. Right now, only a few companies make devices for PEM water electrolysis because they are more expensive to build and don't last as long as the ones used in alkaline water electrolysis. Even though alkaline water electrolysis is more popular and has been around since 1800, PEM electrolysis has some advantages. The solid membrane used in PEM makes the hydrogen produced very pure, over 99.99%, without needing extra equipment. Alkaline electrolyzers are widely used for making hydrogen, especially on a large scale. People are working on making alkaline water electrolysis more efficient by using high temperatures and pressures.

In summary, PEM water electrolysis uses a special solid membrane, while alkaline water electrolysis uses liquid electrolytes. Even though the PEM method is not as common right now, it has the advantage of producing very pure hydrogen without extra equipment. On the other hand, alkaline water electrolysis has been around for a long time and is commonly used, especially for large-scale hydrogen production. Researchers are trying to make alkaline electrolysis more efficient by using high temperatures and pressures. In addition to the differences mentioned, it's important to note that PEM water electrolysis offers potential benefits in terms of environmental impact. The solid polymer membrane used in PEM electrolysis allows for quick response times, making the process more adaptable to variable energy sources like wind or solar power. This flexibility is crucial for integrating hydrogen production into renewable energy systems, contributing to a more sustainable energy landscape.

Moreover, the compact and modular design of PEM electrolyzers makes them suitable for various applications, including small-scale or on-site hydrogen generation. This decentralized approach has the potential to enhance energy distribution efficiency and reduce transmission losses associated with centralized production methods.While alkaline water electrolysis dominates the current market, the ongoing research and development in PEM technology indicate a promising future. As advancements continue to address cost and durability challenges, PEM water electrolysis may become increasingly competitive, offering a cleaner and more versatile solution for hydrogen production in the evolving landscape of sustainable energy.

Covered Aspects:
Report Attribute/Metric Details
Market Size Value In 2022 USD 6,197.3 Billion
Growth Rate 6.0% (2022-2030)
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