Global PEM-Based CO2 Electrolyzer Market 2024-2030

    In Stock

    .

    PEM-BASED CO2 ELECTROLYZER MARKET

     

    KEY FINDINGS

    • Syngas and Formic acid are the major output of CO2 electrolyzers poised for significant growth in the coming years. Its versatility and ability to bridge the gap between fossil fuels and renewables make it a compelling option for various applications, driving robust market expansion.
    • Currently, Majority of the industry is focused on PEM-based water electrolyzers for obtaining Methanol, but as PEM-based CO2 electrolyzers mature through technological advancement and research we will see shit in favor of CO2 electrolyzers, especially in the field of industry like power generation, plastic industry and so on 
    • PEM-based CO2 electrolyzer uses unique platform technology at their disposal that can produce energy-rich and valuable substances such as speciality chemicals or artificial fuels from CO2 – in a modular and flexible manner. 
    • PEM-based CO2 electrolyzers are finding applications in various sectors. These include syngas production for power generation and chemical feedstocks, methanol synthesis, and even Formic acid.
    • Currently, commercialization is the goal of the industry, with various strides made to reach there and plants being planned for industrial applications
    • Some players in the PEM-based CO2 electrolyzer market are Siemens Energy, OCOchem and Twelve
    • Currently due to various research going on to commercialize PEM-based CO2 electrolyzers the cost per KW of electrolysis capacity is high ~$2000 per KW which will drop to under $1000/KW for a few devices in the forecast period
    • The increasing deployment of renewable energy sources like solar and wind power creates an opportunity to utilize excess electricity for CO2 electrolysis. This will drive the market in the future
    • The world is waking up to the urgency of reducing greenhouse gas emissions, and a PEM-based CO2 electrolyzer offers a promising solution which will drive the market as awareness and emission norms increase in the drive to carbon neutrality
    • Consumers and businesses are increasingly seeking sustainable alternatives to traditional fossil fuel-based chemicals and fuels. CO2 electrolysis offers a pathway to produce green chemicals like methanol, ethanol, and propylene glycol, reducing dependence on fossil fuels.

     

    PEM-BASED CO2 ELECTROLYZER MARKET OVERVIEW

    • Siemens being the giant in various industries is 2nd in PEM-based CO2 electrolyzer and its aim will be to provide a variety of products in PEM-based CO2 electrolyzer to meet the requirements of various players from different industries.
    • Twelve is a well-established start-up which is funded by multiple organizations and will play a key role in the development of PEM PEM-based CO2 electrolyzer to produce a variety of products with required specification and purity. Twelve accounted for ~XX% of the market in 2023.
    • US and EU will be the key market for PEM-based CO2 electrolyzers with Japan and China to follow
    • Currently, there are only a few companies which have reached the commercialization stage but other companies like CERT will play a crucial role in expanding the market for this type of electrolyzer
    • The increasing emphasis on green hydrogen as a clean and sustainable energy carrier has been a driving force behind the demand for PEM CO2 electrolysers. There is a focus on creating green hydrogen using renewable energy sources in combination with CO2 electrolysers.
    • PEM-based CO2 electrolyzers are finding applications in various sectors. These include syngas production for power generation and chemical feedstocks, methanol synthesis, and even direct air capture (DAC) integration for capturing CO2 directly from the atmosphere.
    • The Chemical industry is the third largest industry in terms of CO2 emission.
      • In the US, this sector contributed to US trade, with exports exceeding $170 billion in 2022.
      • CO2 electrolyzers can enable the industry to decrease emissions while obtaining the required raw materials to ensure a cleaner cycle of operations

     

    INTRODUCTION TO PEM-BASED CO2 ELECTROLYZER MARKET

    PEM electrolyzers employ a Proton Exchange Membrane in conjunction with a solid polymer electrolyte. Water splits into hydrogen and oxygen when the current is delivered to the cell stack, and the hydrogen protons flow through the membrane to generate H2 gas on the cathode side.

     

    Nowadays, proton exchange membrane (PEM) electrolyzers are regarded as a potential technique for creating hydrogen fuel from renewable power. When compared to conventional alkaline electrolysis, this method has several advantages that will allow its eventual integration into the solar power system.

     

    Only noble metal catalysts can currently be employed in PEM electrolyzers; however, molecular catalysts may open up new possibilities as an alternative.

     

    PEM-BASED CO2 ELECTROLYZER MARKET SIZE AND FORECAST

     

    PEM-Based CO2 Electrolyzer Market, PEM-Based CO2 Electrolyzer Market Size, PEM-Based CO2 Electrolyzer Market Trends, PEM-Based CO2 Electrolyzer Market forecast, PEM-Based CO2 Electrolyzer Market Risks, PEM-Based CO2 Electrolyzer Market Report, PEM-Based CO2 Electrolyzer Market Share

     

    The PEM-Based CO2 Electrolyzer Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    TECHNOLOGICAL TRENDS IN THE PEM-BASED CO2 ELECTROLYZER MARKET

     

    • Multilayer Electrolyzer Stack
      • From a technological perspective, assembling multiple-layer electrolyzer stacks instead of parallelly operating multiple,single-cell electrolyzers decreases the capital investment costs, as the electrolyzer frame and the anolyte circulation loop only has to be built once and any further cell only requires an extra bipolar plate, insulation, and a membrane electrode assembly.
      • It has higher energy utilization. Each layer acts as an additional stage for the electrolysis process.
      • This is a major technology trend where multiple participants are focused.

     

    • Biological artificial photosynthesis system
      • Artificial photosynthesis systems are proposed as an efficient alternative route to capture CO2 to produce additional food for growing global demand. 
      • In this process Electrolysis converts CO2 into Acetate by which organisms are cultivated with acetate in dark then food is produced independent of photosynthesis.   
      • This approach to existing photovoltaic systems could increase solar-to-food energy conversion efficiency by about fourfold over biological photosynthesis, reducing the solar footprint required. This technology allows for a reimagination of how food can be produced in controlled environments.
      • This is a technological focus of multiple participants in a lab setup for PEM based CO2 electrolyzer usage

     

    • Low-temperature electrolysis
      • Electrolysis with low-carbon energy sources, water and CO2 can, depending on the carbon source, be converted into chemical feedstock with a minimal or even negative carbon footprint. 
      • Low-temperature CO2 electrolyzers are especially attractive for dynamic operation, but high-temperature systems have thermal management challenges. The low-temperature electrochemical conversion of CO2 is a promising technology and allows for direct integration with renewable electricity sources.
      • Energy efficiency is a critical factor in the competitiveness of hydrogen production technologies. Low-temperature PEM CO2 electrolysers may gain market share as industries and governments prioritize energy-efficient and sustainable solutions. 

     

    • Project designed to provide innovative solutions by adding more renewable energy to the grid
      • The entire Industry is looking to process electrolysers through renewable resources, to ensure in future reduce the CO2 and other greenhouse gasses footprint.
      • Industries are focussing on dispatchable energy sources, They can be turned on and off at any time and is not dependent on the time of day or the weather, like sun, wind or other renewable energy sources.

     

    PEM-BASED CO2 ELECTROLYZER MARKET NEW PRODUCT LAUNCH

    • TOCOchem has launched the world’s largest CO2 electrolyzer. It converts clean electricity, carbon dioxide, and water into formic acid at an industrial-scale cathode height of 120cm and at a width of 15cm, for a total surface area of 1800 cm2. This is the largest CO2 electrolyzer that’s been built for a single-step conversion of CO2 and water electrochemically into value-added chemicals.
    • Evonik and Siemens have launched their joint research project Rheticus II. It is an efficient and powerful test plant that will use carbon dioxide (CO2) and water as well as electricity from renewable sources and bacteria to produce speciality chemicals. 

     

    PEM-BASED CO2 ELECTROLYZER MARKET SEGMENTATION

     

    By Geography

    • US
    • Europe
    • China
    • Asia(Ex China)
    • ROW

     

    By End User

    • Power Generation
    • Others

     

    By Output

    • Syngas
    • Formic Acid 
    • Ethylene
    • Alkanes 
    • Others

     

    PEM-BASED CO2 ELECTROLYZER MARKET COMPANY PROFILES

    • OCOchem
    • Twelve
    • Siemens Energy
    • CERT Systems Inc.
    • Sunfire GMBH

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. What is the average cost per Global PEM-based CO2 electrolyzer market right now and how will it change in next 5-6 years?
    2. Average cost to set up a PEM-based CO2 electrolyzer market in US, Europe and China?
    3. How many Global PEM-based CO2 electrolyzer market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. Cost breakup of a Global PEM-based CO2 electrolyzer market and key vendor selection criteria
    5. Market share of Global PEM-based CO2 electrolyzer market manufacturers and their upcoming products
    6. The most important planned Global PEM-based CO2 electrolyzer market in next 2 years
    7. Details on network of major Global PEM-based CO2 electrolyzer market and pricing plans
    8. Cost advantage for OEMs who manufacture Global PEM-based CO2 electrolyzer market in-house
    9. 5 key predictions for next 5 years in Global PEM-based CO2 electrolyzer market
    10. Average B-2-B Global PEM-based CO2 electrolyzer market price in all segments
    11. Latest trends in Global PEM-based CO2 electrolyzer market, by every market segment
    12. The market size (both volume and value) of Global PEM-based CO2 electrolyzer market in 2024-2030 and every year in between?
    13. Global production breakup of Global PEM-based CO2 electrolyzer market, by suppliers and their OEM relationship
    Sl. No Topic
    1 Market Segmentation
    2 Research Methodology
    3 Executive summary
    4 Key Predictions of the PEM Based CO2 Electrolyzer Market
    5 Avg B2B price of PEM Based CO2 Electrolyzer Market, By Region
    6 Major Drivers For PEM Based CO2 Electrolyzer Market
    7 Global PEM Based CO2 Electrolyzer Market Production Footprint - 2023
    8 Technology Trends In PEM Based CO2 Electrolyzer Market
    9 New Product Development In PEM Based CO2 Electrolyzer Market
    10 Research focuses on new PEM Based CO2 Electrolyzer
    11 Key Trends in the PEM Based CO2 Electrolyzer Market
    12 Overview, On Different Output Materials of CO2 Electrolysis
    13 Market Size, Dynamics And Forecast, By Geography, 2024-2030
    14 Market Size, Dynamics And Forecast, By End User, 2024-2030
    15 Market Size, Dynamics And Forecast, By Output, 2024-2030
    16 Competitive Landscape Of PEM Based CO2 Electrolyzer Market
    17 Market Share in PEM Based CO2 Electrolyzer Market
    18 Recent M&A in the industry
    19 Growth strategy of Major Players
    20 Company Profiles
    21 Unmet needs in PEM Based CO2 Electrolyzer Market
    22 Conclusion
    0
      0
      Your Cart
      Your cart is emptyReturn to Shop