WATER ELECTROLYSIS MACHINE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
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Growing Adoption of Water Electrolysis in Industrial Processes
The rapid scale-up of renewable power capacity has led major industries to explore clean hydrogen production through water electrolysis within their operations. Industrial use of hydrogen is well established in oil refining, chemical production and fertilizer manufacturing. Typically, these sectors rely on fossil fuel based methods for hydrogen generation which results in CO2 emissions. Now companies have begun investing in on-site water electrolysis plants to produce emission-free hydrogen using renewable electricity.
For example, some major oil refineries are installing sizable water electrolysis units to generate hydrogen for hydrocracking and other refining processes. This helps cut carbon footprint and also offers marketing advantage of producing cleaner fuels. Similarly, the chemical industry uses large volumes of hydrogen in ammonia synthesis and other production processes. Leading chemical firms have partnered with electrolysis manufacturers to implement utility-scale electrolyzers within chemical plants. Once proven successful, such projects are expected to pave way for even wider electrolytic hydrogen adoption across chemical and refining facilities worldwide.
The metals and materials manufacturing industry is also transitioning towards clean hydrogen. Water electrolysis provides hydrogen feedstock for critical clean technology industries like silicon wafer fabrication. Electrolytic hydrogen production right at industrial sites ensures stable supply and avoids costs associated with gas delivery. Some major manufacturing hubs have stimulated such localized hydrogen generation through policy incentives. Thus, transition to renewable power coupled with growing appreciation of hydrogen's diverse industrial uses is driving robustly growing application of water electrolysis in various manufacturing sectors across regions.
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