Introduction of Power Supply Equipment Market for Water Electrolysis
Power supply equipment for water electrolysis refers to the devices or systems that provide electrical energy for the process of water electrolysis. The power supply equipment is responsible for delivering the necessary electrical energy to drive the electrolysis reaction. Water electrolysis is the process of converting electrical energy into chemical energy in the form of hydrogen and oxygen, and an electrolyzer is a system that breaks water into hydrogen and oxygen with the help of electricity. As per the International Energy Agency (IEA), water electrolysis-based hydrogen production has the potential to prevent the release of around 830 million tons of CO2 annually. The rising demand for green hydrogen is a significant driver for the growth of the water electrolysis market. This, in turn, creates a demand for power supply equipment that can efficiently support the electrolysis process.
Power Supply Equipment Market for Water Electrolysis Introduction
The power supply equipment market for water electrolysis has experienced significant growth in recent years due to increasing government support through policies and incentives, technological advancements, and increasing investments in renewable energy infrastructure. Furthermore, the advancement of water electrolysis technologies, particularly PEM electrolysis, has led to the need for specialized power supply equipment that can meet the unique requirements of these systems. The power supply equipment market for water electrolysis is currently small, but it is projected to experience substantial growth in the near future. This growth is anticipated due to ongoing technological advancements in power electronics, renewable energy integration, and energy storage technologies. Additionally, the increasing recognition of the imperative to transition toward green hydrogen further contributes to this anticipated growth. The market has attracted significant interest and investment as companies strive to develop and establish their position in the power supply equipment segment specifically tailored for water electrolysis.
Industrial Impact
The power supply equipment market for water electrolysis is driven by several factors, such as growing interest in hydrogen as a clean energy source and the need for energy storage solutions. Various companies and startups are actively developing and commercializing water electrolysis systems, aiming to improve efficiency, reduce costs, and increase scalability. The growth and development of the water electrolysis market for water electrolysis have a direct impact on the demand and innovation within the power supply equipment market.
The key players operating in the power supply equipment market for water electrolysis include ABB, General Electric, Nidec Industrial Solutions, Danfoss Drives, SMA Solar Technology AG, and American Superconductor. These companies are focusing on strategic partnerships, collaborations, and acquisitions to enhance their product offerings and expand their market presence. In conclusion, the power supply equipment market for water electrolysis is growing and evolving significantly because of factors such as the rising focus on reducing greenhouse gas emissions and transitioning to cleaner energy sources, supportive regulations, subsidies, and targets for renewable energy and hydrogen production.
Power Supply Equipment Market for Water Electrolysis Segmentation:
Segmentation 1: by Application
• Alkaline Electrolyzer
• Proton Exchange Membrane (PEM) Electrolyzer
• Solid Oxide Electrolytic Cell (SOEC) Electrolyzer
• Anion Exchange Membrane (AEM) ElectrolyzerAlkaline Electrolyzer to Dominate the Power Supply Equipment Market for Water Electrolysis (by Application)
Alkaline electrolyzer held the largest share in the power supply equipment market for water electrolysis in 2024. Alkaline electrolyzers have a long-standing history in industrial applications and were the primary electrolyzer technology until the emergence of proton exchange membrane (PEM) electrolyzers in the 1970s. One of the advantages of alkaline electrolyzers is that they do not require the use of precious metals as catalysts, making them a cost-effective solution with a longer operational lifespan compared to PEM electrolyzers.
Segmentation 2: by Equipment Type
• Rectifier
o Thyristor Rectifier
o IGBT Rectifier
o Others
• Transformer
• OthersRectifier Segment to Grow at a Significant Growth Rate in the Power Supply Equipment Market for Water Electrolysis (by Equipment Type)
In the power supply equipment market for water electrolysis, rectifier is expected to grow at a significant rate during the forecast period (2025-2034). In a water electrolysis plant, both rectifiers and transformers play important roles; however, their dominance varies depending on the specific requirements and configuration of the electrolysis plant. Also, if the energy is sourced from the grid, additional transformers may not be necessary. However, when renewable energy is utilized, transformers are commonly employed to adapt the voltage for optimal operation of the electrolyzer cells. IGBT rectifier is growing at a significant rate during the forecast period owing to benefits such as fast response times, high efficiency, and reduced energy losses.
Segmentation 3: by Region
• North America: U.S., Canada, and Mexico
• Europe: Germany, France, Spain, Netherlands, and Rest-of-Europe
• U.K.
• China
• Asia-Pacific and Japan: Japan, South Korea, India, Australia, and Rest-of-Asia-Pacific and Japan
• Rest-of-the-World: South America and the Middle East and Africa
Power Supply Equipment Market for Water Electrolysis Forecast (2025-2034)
Table of Contents
Executive Summary
Scope and Definition
Market/Product Definition
Key Questions Answered
Analysis and Forecast Note
1. Markets: Industry Outlook
1.1 Trends: Current and Future Impact Assessment
1.2 Stakeholder Analysis
1.2.1 Use Case
1.2.2 End User and Buying Criteria
1.3 Market Dynamics Overview
1.3.1 Market Drivers
1.3.2 Market Restraints
1.3.3 Market Opportunities
1.4 Regulatory Landscape
1.5 Patent Analysis
1.6 Start-Up Landscape
1.7 Supply Chain Analysis
1.8 Value Chain Analysis
1.9 Investment Landscape and R&D Trends
1.10 Impact of Emerging Technologies on Power Supply Equipment
1.11 Future Outlook and Market Roadmap
1.12 Industry Attractiveness
1.13 Total Addressable Market for Hydrogen & Serviceable Market for Electrolyzer, by 2050
1.14 Key Strategies Adopted Across Globe: Sustainable Hydrogen
1.15 Recent and Upcoming Key Green Hydrogen Projects (2020-2025)
1.16 Snapshot of Water Electrolysis Market
1.17 Snapshot of Green Hydrogen Market
1.18 Global Level: Average Pricing Analysis
2. Power Supply Equipment Market for Water Electrolysis (by Application)
2.1 Application Segmentation
2.2 Application Summary
2.3 Power Supply Equipment Market for Water Electrolysis (by Application)
2.3.1 Alkaline Electrolyzer
2.3.2 Proton Exchange Membrane (PEM) Electrolyzer
2.3.3 Solid Oxide Electrolytic Cell (SOEC) Electrolyzer
2.3.4 Anion Exchange Membrane (AEM) Electrolyzers
3. Power Supply Equipment Market for Water Electrolysis (by Product)
3.1 Product Segmentation
3.2 Product Summary
3.3 Power Supply Equipment Market for Water Electrolysis (by Equipment Type)
3.3.1 Rectifier
3.3.1.1 Thyristor Rectifier
3.3.1.2 IGBT Rectifier
3.3.1.3 Others
3.3.2 Transformer
3.3.3 Others
4. Power Supply Equipment Market for Water Electrolysis (by Region)
4.1 Power Supply Equipment Market for Water Electrolysis (by Region)
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Key Companies
4.2.5 Application
4.2.6 Product
4.2.7 U.S.
4.2.7.1 Market by Application
4.2.7.2 Market by Product
4.2.8 Canada
4.2.8.1 Market by Application
4.2.8.2 Market by Product
4.2.9 Mexico
4.2.9.1 Market by Application
4.2.9.2 Market by Product
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Key Companies
4.3.5 Application
4.3.6 Product
4.3.7 Germany
4.3.7.1 Market by Application
4.3.7.2 Market by Product
4.3.8 France
4.3.8.1 Market by Application
4.3.8.2 Market by Product
4.3.9 The Netherlands
4.3.9.1 Market by Application
4.3.9.2 Market by Product
4.3.10 Spain
4.3.10.1 Market by Application
4.3.10.2 Market by Product
4.3.11 U.K.
4.3.11.1 Market by Application
4.3.11.2 Market by Product
4.3.12 Rest-of-Europe
4.3.12.1 Market by Application
4.3.12.2 Market by Product
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Key Companies
4.4.5 Application
4.4.6 Product
4.4.7 China
4.4.7.1 Market by Application
4.4.7.2 Market by Product
4.4.8 Japan
4.4.8.1 Market by Application
4.4.8.2 Market by Product
4.4.9 India
4.4.9.1 Market by Application
4.4.9.2 Market by Product
4.4.10 South Korea
4.4.10.1 Market by Application
4.4.10.2 Market by Product
4.4.11 Australia
4.4.11.1 Market by Application
4.4.11.2 Market by Product
4.4.12 Rest-of-Asia-Pacific
4.4.12.1 Market by Application
4.4.12.2 Market by Product
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Key Companies
4.5.5 Application
4.5.6 Product
4.5.7 South America
4.5.7.1 Market by Application
4.5.7.2 Market by Product
4.5.8 Middle East and Africa
4.5.8.1 Market by Application
4.5.8.2 Market by Product
5. Markets - Competitive Benchmarking & Company Profiles
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Company Profiles
5.3.1 General Electric
5.3.1.1 Overview
5.3.1.2 Top Products/Product Portfolio
5.3.1.3 Top Competitors
5.3.1.4 Target Customers
5.3.1.5 Key Personnel
5.3.1.6 Analyst View
5.3.1.7 Market Share
5.3.2 Sensata Technologies, Inc.
5.3.2.1 Overview
5.3.2.2 Top Products/Product Portfolio
5.3.2.3 Top Competitors
5.3.2.4 Target Customers
5.3.2.5 Key Personnel
5.3.2.6 Analyst View
5.3.2.7 Market Share
5.3.3 AEG Power Solutions B.V.
5.3.3.1 Overview
5.3.3.2 Top Products/Product Portfolio
5.3.3.3 Top Competitors
5.3.3.4 Target Customers
5.3.3.5 Key Personnel
5.3.3.6 Analyst View
5.3.3.7 Market Share
5.3.4 Ador Powertron Ltd
5.3.4.1 Overview
5.3.4.2 Top Products/Product Portfolio
5.3.4.3 Top Competitors
5.3.4.4 Target Customers
5.3.4.5 Key Personnel
5.3.4.6 Analyst View
5.3.4.7 Market Share
5.3.5 Ingeteam
5.3.5.1 Overview
5.3.5.2 Top Products/Product Portfolio
5.3.5.3 Top Competitors
5.3.5.4 Target Customers
5.3.5.5 Key Personnel
5.3.5.6 Analyst View
5.3.5.7 Market Share
5.3.6 Comeca Group
5.3.6.1 Overview
5.3.6.2 Top Products/Product Portfolio
5.3.6.3 Top Competitors
5.3.6.4 Target Customers
5.3.6.5 Key Personnel
5.3.6.6 Analyst View
5.3.6.7 Market Share
5.3.7 Nidec Industrial Solutions
5.3.7.1 Overview
5.3.7.2 Top Products/Product Portfolio
5.3.7.3 Top Competitors
5.3.7.4 Target Customers
5.3.7.5 Key Personnel
5.3.7.6 Analyst View
5.3.7.7 Market Share
5.3.8 Danfoss Drives
5.3.8.1 Overview
5.3.8.2 Top Products/Product Portfolio
5.3.8.3 Top Competitors
5.3.8.4 Target Customers
5.3.8.5 Key Personnel
5.3.8.6 Analyst View
5.3.8.7 Market Share
5.3.9 TMEIC
5.3.9.1 Overview
5.3.9.2 Top Products/Product Portfolio
5.3.9.3 Top Competitors
5.3.9.4 Target Customers
5.3.9.5 Key Personnel
5.3.9.6 Analyst View
5.3.9.7 Market Share
5.3.10 FRIEM SPA
5.3.10.1 Overview
5.3.10.2 Top Products/Product Portfolio
5.3.10.3 Top Competitors
5.3.10.4 Target Customers
...
5.3.17.3 Top Competitors
5.3.17.4 Target Customers
5.3.17.5 Key Personnel
5.3.17.6 Analyst View
5.3.17.7 Market Share
5.3.18 MUNK GmbH
5.3.18.1 Overview
5.3.18.2 Top Products/Product Portfolio
5.3.18.3 Top Competitors
5.3.18.4 Target Customers
5.3.18.5 Key Personnel
5.3.18.6 Analyst View
5.3.18.7 Market Share
5.3.19 Liyuan Rectifier Group GmbH
5.3.19.1 Overview
5.3.19.2 Top Products/Product Portfolio
5.3.19.3 Top Competitors
5.3.19.4 Target Customers
5.3.19.5 Key Personnel
5.3.19.6 Analyst View
5.3.19.7 Market Share
5.3.20 SMA Solar Technology AG
5.3.20.1 Overview
5.3.20.2 Top Products/Product Portfolio
5.3.20.3 Top Competitors
5.3.20.4 Target Customers
5.3.20.5 Key Personnel
5.3.20.6 Analyst View
5.3.20.7 Market Share
6. Research Methodology