The Latin America, Middle East and Africa Electrolyzers Market would witness market growth of 59.5% CAGR during the forecast period (2023-2030).
One of the most significant advantages of hydrogen-powered transportation, facilitated by FCVs, is their contribution to a zero-emission solution. As hydrogen fuel cells convert hydrogen gas into electricity without combustion, water vapor is the only emission from these vehicles. This aligns with efforts to reduce air pollution and combat climate change, making hydrogen an attractive option for environmentally conscious transportation.
Moreover, power-to-X involves using excess electricity generated from renewable sources to produce hydrogen, which can be utilized in various applications. Power-to-X technologies, including Power-to-Gas and Power-to-Liquid, leverage these devices to convert renewable energy into hydrogen or synthetic fuels. This integration of these devices with Power-to-X technologies unlocks new possibilities for decarbonizing multiple sectors simultaneously.
Saudi Arabia has initiated various renewable energy projects, including large-scale solar and wind projects. These projects provide abundant sources of intermittent renewable energy that can be harnessed for electrolysis. As per the data provided in 2021 by the International Trade Administration, Saudi Arabia intends to generate 50 percent of its electricity from renewable sources and fifty percent from gas by 2030. The nation was preparing to construct a green hydrogen facility that would generate 660 tons of green hydrogen per day using solar and wind energy. Hence, the rising renewable energy sector in the LAMEA region will help expand the regional market.
The Brazil market dominated the LAMEA Electrolyzers Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $810.5 million by 2030. The Argentina market is showcasing a CAGR of 60.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 58.9% during (2023 - 2030).
Free Valuable Insights: The Worldwide Electrolyzers Market is Projected to reach USD 39.5 Billion by 2030, at a CAGR of 55%
Based on Capacity, the market is segmented into 500 kW to 2 MW, Less than 500 kW, and Above 2 MW. Based on Technology, the market is segmented into Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide (SOE) Electrolyzer, and Anion Exchange Membrane (AEM) Electrolyzer. Based on Application, the market is segmented into Power Generation, Industry Feedstock, Transportation, Building Heat & Power, Industry Energy, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Asahi Kasei Corporation
- John Cockerill S.A.
- Nel ASA
- Plug Power, Inc.
- Siemens AG
- Enapter AG (BluGreen Company Limited)
- Cummins, Inc.
- ITM Power PLC
- McPhy Energy S.A.
- Topsoe A/S
LAMEA Electrolyzers Market Report Segmentation
By Capacity
- 500 kW to 2 MW
- Less than 500 kW
- Above 2 MW
By Technology
- Alkaline Electrolyzer
- Proton Exchange Membrane Electrolyzer
- Solid Oxide (SOE) Electrolyzer
- Anion Exchange Membrane (AEM) Electrolyzer
By Application
- Power Generation
- Industry Feedstock
- Transportation
- Building Heat & Power
- Industry Energy
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Electrolyzers Market, by Capacity
1.4.2 LAMEA Electrolyzers Market, by Technology
1.4.3 LAMEA Electrolyzers Market, by Application
1.4.4 LAMEA Electrolyzers Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Market Share Analysis, 2022
4.2 Porter Five Forces Analysis
Chapter 5. LAMEA Electrolyzers Market by Capacity
5.1 LAMEA 500 kW to 2 MW Market by Country
5.2 LAMEA Less than 500 kW Market by Country
5.3 LAMEA Above 2 MW Market by Country
Chapter 6. LAMEA Electrolyzers Market by Technology
6.1 LAMEA Alkaline Electrolyzer Market by Country
6.2 LAMEA Proton Exchange Membrane Electrolyzer Market by Country
6.3 LAMEA Solid Oxide (SOE) Electrolyzer Market by Country
6.4 LAMEA Anion Exchange Membrane (AEM) Electrolyzer Market by Country
Chapter 7. LAMEA Electrolyzers Market by Application
7.1 LAMEA Power Generation Market by Country
7.2 LAMEA Industry Feedstock Market by Country
7.3 LAMEA Transportation Market by Country
7.4 LAMEA Building Heat & Power Market by Country
7.5 LAMEA Industry Energy Market by Country
7.6 LAMEA Others Market by Country
Chapter 8. LAMEA Electrolyzers Market by Country
8.1 Brazil Electrolyzers Market
8.1.1 Brazil Electrolyzers Market by Capacity
8.1.2 Brazil Electrolyzers Market by Technology
8.1.3 Brazil Electrolyzers Market by Application
8.2 Argentina Electrolyzers Market
8.2.1 Argentina Electrolyzers Market by Capacity
8.2.2 Argentina Electrolyzers Market by Technology
8.2.3 Argentina Electrolyzers Market by Application
8.3 UAE Electrolyzers Market
8.3.1 UAE Electrolyzers Market by Capacity
8.3.2 UAE Electrolyzers Market by Technology
8.3.3 UAE Electrolyzers Market by Application
8.4 Saudi Arabia Electrolyzers Market
8.4.1 Saudi Arabia Electrolyzers Market by Capacity
8.4.2 Saudi Arabia Electrolyzers Market by Technology
8.4.3 Saudi Arabia Electrolyzers Market by Application
8.5 South Africa Electrolyzers Market
8.5.1 South Africa Electrolyzers Market by Capacity
8.5.2 South Africa Electrolyzers Market by Technology
8.5.3 South Africa Electrolyzers Market by Application
8.6 Nigeria Electrolyzers Market
8.6.1 Nigeria Electrolyzers Market by Capacity
8.6.2 Nigeria Electrolyzers Market by Technology
8.6.3 Nigeria Electrolyzers Market by Application
8.7 Rest of LAMEA Electrolyzers Market
8.7.1 Rest of LAMEA Electrolyzers Market by Capacity
8.7.2 Rest of LAMEA Electrolyzers Market by Technology
8.7.3 Rest of LAMEA Electrolyzers Market by Application
Chapter 9. Company Profiles
9.1 John Cockerill S.A.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.2.2 Geographical Expansions:
9.1.3 SWOT Analysis
9.2 ITM Power PLC
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.2.5.3 Geographical Expansions:
9.2.6 SWOT Analysis
9.3 McPhy Energy S.A.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.4 Topsoe A/S
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.5 Asahi Kasei Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.6 SWOT Analysis
9.6 Plug Power, Inc.
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Acquisition and Mergers:
9.7 Cummins, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Acquisition and Mergers:
9.7.5.2 Geographical Expansions:
9.7.6 SWOT Analysis
9.8 Siemens AG
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
TABLE 1 LAMEA Electrolyzers Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Electrolyzers Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 4 LAMEA Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 5 LAMEA 500 kW to 2 MW Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA 500 kW to 2 MW Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Less than 500 kW Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Less than 500 kW Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Above 2 MW Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Above 2 MW Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 12 LAMEA Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 13 LAMEA Alkaline Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Alkaline Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Proton Exchange Membrane Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Proton Exchange Membrane Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Solid Oxide (SOE) Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Solid Oxide (SOE) Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Anion Exchange Membrane (AEM) Electrolyzer Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Anion Exchange Membrane (AEM) Electrolyzer Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 22 LAMEA Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 23 LAMEA Power Generation Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Power Generation Market by Country, 2023 - 2030, USD Million
TABLE 25 LAMEA Industry Feedstock Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Industry Feedstock Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Transportation Market by Country, 2019 - 2022, USD Million
TABLE 28 LAMEA Transportation Market by Country, 2023 - 2030, USD Million
TABLE 29 LAMEA Building Heat & Power Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Building Heat & Power Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Industry Energy Market by Country, 2019 - 2022, USD Million
TABLE 32 LAMEA Industry Energy Market by Country, 2023 - 2030, USD Million
TABLE 33 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 34 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 35 LAMEA Electrolyzers Market by Country, 2019 - 2022, USD Million
TABLE 36 LAMEA Electrolyzers Market by Country, 2023 - 2030, USD Million
TABLE 37 Brazil Electrolyzers Market, 2019 - 2022, USD Million
TABLE 38 Brazil Electrolyzers Market, 2023 - 2030, USD Million
TABLE 39 Brazil Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 40 Brazil Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 41 Brazil Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 42 Brazil Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 43 Brazil Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 44 Brazil Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 45 Argentina Electrolyzers Market, 2019 - 2022, USD Million
TABLE 46 Argentina Electrolyzers Market, 2023 - 2030, USD Million
TABLE 47 Argentina Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 48 Argentina Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 49 Argentina Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 50 Argentina Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 51 Argentina Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 52 Argentina Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 53 UAE Electrolyzers Market, 2019 - 2022, USD Million
TABLE 54 UAE Electrolyzers Market, 2023 - 2030, USD Million
TABLE 55 UAE Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 56 UAE Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 57 UAE Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 58 UAE Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 59 UAE Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 60 UAE Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 61 Saudi Arabia Electrolyzers Market, 2019 - 2022, USD Million
TABLE 62 Saudi Arabia Electrolyzers Market, 2023 - 2030, USD Million
TABLE 63 Saudi Arabia Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 64 Saudi Arabia Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 65 Saudi Arabia Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 66 Saudi Arabia Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 67 Saudi Arabia Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 68 Saudi Arabia Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 69 South Africa Electrolyzers Market, 2019 - 2022, USD Million
TABLE 70 South Africa Electrolyzers Market, 2023 - 2030, USD Million
TABLE 71 South Africa Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 72 South Africa Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 73 South Africa Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 74 South Africa Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 75 South Africa Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 76 South Africa Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 77 Nigeria Electrolyzers Market, 2019 - 2022, USD Million
TABLE 78 Nigeria Electrolyzers Market, 2023 - 2030, USD Million
TABLE 79 Nigeria Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 80 Nigeria Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 81 Nigeria Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 82 Nigeria Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 83 Nigeria Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 84 Nigeria Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 85 Rest of LAMEA Electrolyzers Market, 2019 - 2022, USD Million
TABLE 86 Rest of LAMEA Electrolyzers Market, 2023 - 2030, USD Million
TABLE 87 Rest of LAMEA Electrolyzers Market by Capacity, 2019 - 2022, USD Million
TABLE 88 Rest of LAMEA Electrolyzers Market by Capacity, 2023 - 2030, USD Million
TABLE 89 Rest of LAMEA Electrolyzers Market by Technology, 2019 - 2022, USD Million
TABLE 90 Rest of LAMEA Electrolyzers Market by Technology, 2023 - 2030, USD Million
TABLE 91 Rest of LAMEA Electrolyzers Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of LAMEA Electrolyzers Market by Application, 2023 - 2030, USD Million
TABLE 93 Key Information – John Cockerill S.A.
TABLE 94 Key Information – ITM Power PLC
TABLE 95 Key Information – McPhy Energy S.A.
TABLE 96 Key Information – Topsoe A/S
TABLE 97 Key Information – Asahi Kasei Corporation
TABLE 98 Key Information – Plug Power, Inc.
TABLE 99 Key information – Cummins, Inc.
TABLE 100 Key Information – Siemens AG
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Electrolyzers Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Electrolyzers Market
FIG 4 Market Share Analysis, 2022
FIG 5 Porter’s Five Forces Analysis – Electrolyzers Market
FIG 6 LAMEA Electrolyzers Market share by Capacity, 2022
FIG 7 LAMEA Electrolyzers Market share by Capacity, 2030
FIG 8 LAMEA Electrolyzers Market by Capacity, 2019 - 2030, USD Million
FIG 9 LAMEA Electrolyzers Market share by Technology, 2022
FIG 10 LAMEA Electrolyzers Market share by Technology, 2030
FIG 11 LAMEA Electrolyzers Market by Technology, 2019 - 2030, USD Million
FIG 12 LAMEA Electrolyzers Market share by Application, 2022
FIG 13 LAMEA Electrolyzers Market share by Application, 2030
FIG 14 LAMEA Electrolyzers Market by Application, 2019 - 2030, USD Million
FIG 15 LAMEA Electrolyzers Market share by Country, 2022
FIG 16 LAMEA Electrolyzers Market share by Country, 2030
FIG 17 LAMEA Electrolyzers Market by Country, 2019 - 2030, USD Million
FIG 18 SWOT Analysis: John Cockerill S.A.
FIG 19 Recent strategies and developments: ITM Power PLC
FIG 20 SWOT Analysis: ITM Power PLC
FIG 21 SWOT Analysis: Asahi Kasei Corporation
FIG 22 Recent strategies and developments: Plug Power, Inc.
FIG 23 Recent strategies and developments: Cummins, Inc.
FIG 24 SWOT Analysis: Cummins, Inc.
FIG 25 SWOT Analysis: Siemens AG