Middle East & Africa Fuel Cell Electrolyzer Market Size & Share By 2028

Middle East & Africa Fuel Cell Electrolyzer Market Research Report: Forecast (2023-2028)

By Product Type (Alkaline Electrolyzers, Proton Exchange Membrane, Solid Oxide Electrolyzers, Anion Exchange Membrane, Others), By Application (Stationary Power, Transportation, Portable Power, Indust... ... rtable Power, Industrial), By Country (Saudi Arabia, The UAE, Israel, Egypt, South Africa, Rest of the Middle East & Africa), By Company (Hydrogen Rise, Plug Power Inc, Nel ASA, Dana Limited, Nigbo TopCorr Corrison Technology Co. Ltd., Bloom Energy, Fuel Cell Energy, INEOS Group, Mitsubishi Heavy Industries Limited, Nuvera Fuel Cells, Others) Read more

Energy
Aug 2023
Pages 145
Report Format: PDF, Excel, PPT

Market Definition

Fuel cell electrolyzer also referred as electrolysis-based fuel cell is a device that combines the processes of electrolysis and fuel cell technology. It has two mode of operation i.e., an electrolyzer and a fuel cell. An electrolyzer utilizes electrical energy to split water into hydrogen and oxygen whereas a fuel cell generates electricity by combining hydrogen & oxygen to produce water. Fuel cell electrolyzer is gaining a traction in the Middle East & Africa region due to its growing uses as a sustainable means for producing hydrogen and storing energy.

Market Insights & Analysis: The Middle East & Africa Fuel Cell Electrolyzer Market (2023-28):

The Middle East & Africa Fuel Cell Electrolyzer market is projected to grow at a CAGR of around 44% during the forecast period, i.e., 2023-28. The market is propelled by various factors, such as achieving renewable energy goals & increasing energy security by reducing their reliance on imported energy sources. Renewable energy resources like solar & wind power are abundant in many countries in the Middle East & Africa, and one way to store this energy is by using fuel cell electrolyzers. Hence, this allows the energy to be used at a later time when it is needed. Moreover, the cost of renewable energy has decreased significantly over the past decade, making it a more economically viable solution for expanding electricity access in off-grid areas & strengthening supply in other areas. Some countries, such as the UAE, Saudi Arabia, Morocco, etc., have made significant pledges to boost their use of renewables in their electricity mix. For instance:

In 2021, Morocco has committed to augment the proportion of renewables in its electricity mix to nearly 52% by 2030, with around 20% coming from solar, 20% from wind, and 12% from hydro sources.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	44%
Country Covered	Saudi Arabia, The UAE, Israel, Egypt, South Africa, Rest of the Middle East & Africa
Key Companies Profiled	Hydrogen Rise, Plug Power Inc, Nel ASA, Dana Limited, Nigbo TopCorr Corrison Technology Co. Ltd., Bloom Energy, Fuel Cell Energy, INEOS Group, Mitsubishi Heavy Industries Limited, Nuvera Fuel Cells, Others
Unit Denominations	USD Million/Billion

Additionally, the Middle East & Africa are facing severe water scarcity problems, making traditional electrolysis technology that requires large amounts of water less viable. Fuel cell electrolyzers use proton exchange membranes that require significantly less water, making them a more feasible solution in areas of water scarcity.

The Middle East & Africa are among the largest producers of oil & gas, however, growing interest in clean energy & the need to reduce carbon emissions are enriching the demand for renewable energy sources in the region, which fuels the demand. Countries such as Saudi Arabia, the UAE, and South Africa are leading the adoption of fuel cell technology & the construction of hydrogen fuel stations. Consequently, the Middle East & Africa's allegiance to clean energy, government support, and growing investments indicate a promising future for the market in the region.

The Middle East & Africa Fuel Cell Electrolyzer Market Driver:

Growing Focus on Renewable Energy Sources Initiatives- The increasing focus on renewable energy sources initiatives is the prominent factor that drives the Middle East & Africa Fuel Cell Electrolyzer market. Governments in the region recognize the importance of reducing dependence on fossil fuels, which are finite & environmentally damaging resources.

Therefore, it invests in renewable energy technologies such as fuel cells & electrolyzers to diversify energy sources & promote sustainable development as they are efficient & have zero emissions, making them a cleaner alternative to fossil fuels. Furthermore, Governments in MEA are investing in fuel cell technology for a variety of applications, including transportation, stationary power generation, and backup power systems. For instance:

In 2021, Masdar & Engie formed a strategic alliance to develop a green hydrogen hub in the UAE. It would consist of projects with at least 2GW of capacity & is expected to be developed by 2030 with a total investment of USD5 billion.

Therefore, the growing focus on renewable energy sources drives the Middle East & Africa Fuel Cell Electrolyzer market.

Middle East & Africa Fuel Cell Electrolyzer Market Research Report (2023-2028) - Table of Contents

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
The Middle East & Africa Market Trends & Developments
The Middle East & Africa Fuel Cell Electrolyzer Market Value Chain Analysis
The Middle East & Africa Fuel Cell Electrolyzer Market Dynamics
1. Growth Drivers
2. Challenges
The Middle East & Africa Fuel Cell Electrolyzer Market Hotspots & Opportunities
The Middle East & Africa Fuel Cell Electrolyzer Market Regulations and Policies
The Middle East & Africa Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type
    1. Alkaline Electrolyzers- Market Size & Forecast 2018-2028, USD Million
    2. Proton Exchange Membrane - Market Size & Forecast 2018-2028, USD Million
    3. Solid Oxide Electrolyzers- Market Size & Forecast 2018-2028, USD Million
    4. Anion Exchange Membrane- Market Size & Forecast 2018-2028, USD Million
    5. Others (Reversible Fuel Cells, Direct Methanol Fuel Cells, etc.)- Market Size & Forecast 2018-2028, USD Million
  2. By Application
    1. Stationary Power- Market Size & Forecast 2018-2028, USD Million
    2. Transportation- Market Size & Forecast 2018-2028, USD Million
    3. Portable Power- Market Size & Forecast 2018-2028, USD Million
    4. Industrial- Market Size & Forecast 2018-2028, USD Million
  3. By Country
    1. Saudi Arabia
    2. The UAE
    3. Israel
    4. Egypt
    5. South Africa
    6. Rest of the Middle East & Africa
  4. By Company
    1. Competition Characteristics
    2. Market Shares & Analysis
Saudi Arabia Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2018-2028, USD Million
  2. By Application- Market Size & Forecast 2018-2028, USD Million
The UAE Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2018-2028, USD Million
  2. By Application- Market Size & Forecast 2018-2028, USD Million
Israel Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2018-2028, USD Million
  2. By Application- Market Size & Forecast 2018-2028, USD Million
Egypt Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2018-2028, USD Million
  2. By Application- Market Size & Forecast 2018-2028, USD Million
South Africa Fuel Cell Electrolyzer Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Product Type- Market Size & Forecast 2018-2028, USD Million
  2. By Application- Market Size & Forecast 2018-2028, USD Million
The Middle East & Africa Fuel Cell Electrolyzer Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Company Profiles
  1. Hydrogen Rise
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Plug Power Inc
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Nel ASA
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Dana Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Nigbo TopCorr Corrison Technology Co. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Bloom Energy
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Fuel Cell Energy
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. INEOS Group
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Mitsubishi Heavy Industries Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Nuvera Fuel Cells
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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