Global Electrolyzer Market Size, Share, and Growth & Trends Analysis By Capacity (Less than 500 kW, 500 kW to 2 MW, Above 2 MW) By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat and Power, Others) By Product (Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide (SOE) Electrolyzer, Anion Exchange Membrane (AEM) electrolyser) By Region (North America, Asia Pacific, Europe, Middle East & Africa, South America): Regional Outlook, Growth Potential and Segments Forecast 2024-2031

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Description

The Global Electrolyzer Market size was USD $ 34.4 billion in 2023 and is projected to reach USD $ 46.5 billion by 2031, with a CAGR of 27.2 % during the forecast period. 

Global Electrolyzer Market: Overview

The electrolyzer market is currently undergoing rapid innovation across various technologies, spurred by increasing demand for green hydrogen production. Key advancements include material innovations such as more robust membranes and efficient catalysts for PEM electrolyzers, as seen in Plug Power’s development of advanced PEM electrolyzer stacks with improved durability and performance.

The use of cost-effective materials like steel and nickel in Alkaline Water Electrolysis (AWE) is also gaining traction, with companies like Nel Hydrogen and Cummins investing in AWE technology development. Innovations in ceramic materials and cell configurations for Solid Oxide Electrochemical Cells (SOEC) aim to enhance thermal compatibility and reduce degradation, as demonstrated by Bloom Energy’s SOEC systems. Novel technologies like Anion Exchange Membrane Water Electrolysis (AEMWE) with solid alkaline membranes and high-temperature electrolysis using Solid Oxide Fuel Cells (SOFC) in reversible mode are also emerging, offering potential improvements in efficiency and cost. For instance, Enapter has commercialized its AEM electrolyzer technology, while Haldor Topsoe is developing reversible SOFC systems.

Technological advancements focus on scaling up electrolyzer sizes for economies of scale, enhancing efficiency through advanced control systems and machine learning, and developing modular designs for easier manufacturing and deployment. Plug Power and ITM Power have both announced plans to build gigawatt-scale electrolyzer manufacturing facilities to meet the growing demand for green hydrogen. Manufacturing innovations include automation to boost throughput and lower costs, as seen in Nel Hydrogen’s automated electrolyzer production line, and the adoption of additive manufacturing for complex parts, as demonstrated by Cummins’ use of 3D printing to fabricate electrolyzer components.

These innovations are pivotal in driving down green hydrogen production costs and expanding the electrolyzer market to meet increasing demand for sustainable energy solutions, with major players like Siemens Energy, Cummins, and Thyssenkrupp investing heavily in electrolyzer technology development and manufacturing capacity.

Global Electrolyzer Market: Covid-19 Impact

The COVID-19 pandemic significantly impacted the Electrolyzer Market. Disruptions in supply chains and reduced industrial activities hampered production and distribution. However, increased focus on renewable energy and hydrogen as a clean fuel bolstered long-term growth prospects. Research and development continued, emphasizing efficiency and cost-effectiveness in electrolyzer technology. Overall, while facing short-term challenges, the market’s strategic shift towards sustainable solutions remains robust in the post-pandemic recovery.

Global Electrolyzer Market: Growth Drivers

  • Increasing Demand for Green Hydrogen:

Electrolyzers are crucial for producing green hydrogen through electrolysis of water using renewable energy sources like wind and solar power. As the world shifts towards sustainable energy solutions, the demand for green hydrogen as a clean fuel alternative is increasing.

  • Government Initiatives and Subsidies:

Many governments worldwide are implementing policies and subsidies to promote the adoption of electrolyzers and hydrogen technologies. These initiatives aim to reduce carbon emissions and achieve climate goals, thereby driving market growth.

  • Technological Advancements:

Ongoing advancements in electrolyzer technology are improving efficiency, reducing costs, and enhancing scalability. Innovations such as high-pressure electrolysis and advancements in materials are expanding the potential applications of electrolyzers across various industries.

Global Electrolyzer Market: Restraining Factors

  • High Initial Costs:

The initial investment required for electrolyzer installations can be significant, especially for larger-scale projects. This cost factor can deter widespread adoption, despite long-term cost savings and environmental benefits.

  • Infrastructure Development:

The deployment of electrolyzers and hydrogen infrastructure requires substantial investments in grid upgrades, storage facilities, and distribution networks. The lack of adequate infrastructure can hinder market growth in some regions.

Global Electrolyzer Market:  Opportunity Factors

  • Integration with Renewable Energy:

Electrolyzers can play a crucial role in integrating renewable energy sources into the grid by converting excess electricity into hydrogen. This capability presents opportunities for energy storage and grid balancing, especially in regions with high renewable energy penetration.

  • Industrial Applications:

There is growing interest in using hydrogen as a clean energy source in industries such as transportation, chemicals, and manufacturing. Electrolyzers offer opportunities for these industries to decarbonize their operations and reduce reliance on fossil fuels.

Global Electrolyzer Market: Challenges

  • Scaling Up Production:

Scaling up electrolyzer production to meet increasing global demand poses challenges related to supply chain management, production capacity, and skilled labor availability.

  • Competing Technologies:

Electrolyzers face competition from other hydrogen production technologies such as natural gas reforming. Convincing industries to switch to electrolysis, despite its environmental benefits, can be challenging due to established infrastructure and cost considerations.

Global Electrolyzer Market: Segmentation

Based on Capacity: The market is segmented into Less than 500 kW, 500 kW to 2 MW, Above 2 MW.

Based on Application: The market is segmented into Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat and Power, Others.

Based on Product: The market is segmented into Alkaline Electrolyzer, Proton Exchange Membrane Electrolyzer, Solid Oxide (SOE) Electrolyzer, Anion Exchange Membrane (AEM) Electrolyzer.

Global Electrolyzer Market: Regional Insights

  • North America:

The electrolyzer market in North America is experiencing growth driven by increasing investments in renewable energy and the adoption of green hydrogen technologies. Electrolyzers play a crucial role in producing hydrogen through electrolysis of water, contributing to the region’s shift towards sustainable energy solutions. Government initiatives and policies promoting clean energy and hydrogen infrastructure development further bolster market expansion. Technological advancements in electrolyzer efficiency and scalability are enhancing their attractiveness across industrial, transportation, and residential sectors. Key players in the North American market are focusing on innovation and strategic partnerships to capitalize on growing opportunities in hydrogen production and storage. The market’s trajectory is poised for significant growth as demand for clean energy solutions continues to rise, positioning electrolyzers as pivotal components in achieving carbon neutrality goals across the continent.

  • Asia Pacific:

The Asia Pacific electrolyzer market is experiencing robust growth driven by increasing investments in renewable energy and hydrogen infrastructure. Electrolyzers, crucial for producing hydrogen through water electrolysis, are witnessing rising demand due to the region’s emphasis on decarbonization and clean energy solutions. Countries like Japan, South Korea, and China are leading in adopting electrolyzer technologies to support their ambitious hydrogen economy goals and reduce carbon emissions. Additionally, supportive government policies, technological advancements, and growing partnerships between industries and research institutions are further propelling market expansion. The market is characterized by a competitive landscape with key players focusing on enhancing efficiency, scaling up production capacities, and developing cost-effective electrolyzer solutions. As the demand for green hydrogen continues to rise across various sectors including transportation, energy storage, and industrial applications, the Asia Pacific electrolyzer market is poised for significant growth in the coming years.

Global Electrolyzer Market: Competitive Landscape

Nel ASA, Iberdrola S.A., ITM Power, Siemens AG., Toshiba Corporation., Bloom Energy, Plug Power Inc., McPhy Energy, Air Liquide, Cummins, Inc.

Global Electrolyzer Market: Recent Developments

  • June 2024 – As the demand for critical emergency and prime power continues to grow, so does the need for innovative, expedient, turn-key solutions. That is why earlier this month, Cummins Power Generation expanded the release of their fully integrated containerized generator sets Centum Force, to serve 50Hz markets around the world.
  • Toshiba Energy Systems and Solutions Corporation has installed and activated seven gas insulated transformers (GIT) in the Haram 2 and Haram 3 substations serving Makkah, Saudi Arabia, significantly contributing to a safer, more reliable power supply.
  • June 2024- Toshiba Corporation and Sojitz Corporation of Japan, and Brazil’s CBMM, the world’s leading producer of niobium, have completed development of a next generation lithium-ion battery that uses niobium titanium oxide (NTO) in the anode.

Table of Content

CHAPTER 1: EXECUTIVE SUMMARY
1.1. Summary
CHAPTER 2: RESEARCH METHODOLOGY
2.1. Research Process
2.2. Primary Research
2.3. Secondary Research
2.4. Market Size Estimation
2.5. Research Methodology
2.6. Analyst Tools/Models/Techniques
2.6.1. Notations
2.7. Market Scope & Segmentation
2.8. Currency & Pricing Considered
CHAPTER 3: MARKET TRENDS
3.1. Introduction
3.2. Drivers
3.2.1. Increasing Demand for Green Hydrogen
3.3. Restraints
3.3.1. High Initial Costs
3.4. Opportunities
3.4.1. Integration with Renewable Energy
3.5. Challenges
3.5.1. Scaling Up Production
3.6. Investment Feasibility Analysis
3.7. Latest Trends
CHAPTER 4: MARKET ASSESSMENT
4.1. Porters Five Forces Analysis
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitute
4.1.5. Intensity of Competitive Rivalry
4.2. Value Chain Analysis
4.3. Market Share Analysis
4.4. Impact of Key Regulations on the Market
4.5. SWOT Analysis
4.6. PESTEL Analysis
4.7. Patent Analysis
4.7.1. By Capacity
4.7.2. By Application
4.7.3. By Product
4.8. Roadmap Development
4.9. Market Lineage Outlook
4.9.1. Parent Market Outlook
4.9.2. Ancillary Market Outlook
CHAPTER 5: IMPACT OF RECESSION ON THE MARKET
5.1. Introduction
5.1.1. Short Term Impact
5.1.2. Long Term Impact
CHAPTER 6: GLOBAL ELECTROLYZER MARKET, BY CAPACITY
6.1. Introduction
6.1.1. Market Size & Forecast
6.1.2. Global Electrolyzer Market Share, By Capacity -2023 and 2031 (%)
6.2. 500 KW
6.2.1. Key market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Regions
6.3. 500 KW TO 2 MW
6.3.1. Key market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Regions
6.4. ABOVE 2 MW
6.4.1. Key market Trends, Growth Factors, and Opportunities
6.4.2. Market Size and Forecast, by Regions
CHAPTER 7: GLOBAL ELECTROLYZER MARKET, BY APPLICATION
7.1. Introduction
7.1.1. Market Size & Forecast
7.1.2. Global Electrolyzer Market Share, Mode Of Operation -2023 and 2031 (%)
7.2. POWER GENERATION
7.2.1. Key market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Regions
7.3. TRANSPORTATION
7.3.1. Key market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Regions
7.4. INDUSTRY ENERGY
7.4.1. Key market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Regions
7.5. INDUSTRY FEEDSTOCK
7.5.1. Key market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast, by Regions
7.6. BUILDING HEAT AND POWER
7.6.1. Key market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast, by Regions
7.7. OTHERS
7.7.1. Key market Trends, Growth Factors, and Opportunities
7.7.2. Market Size and Forecast, by Regions
CHAPTER 8: GLOBAL ELECTROLYZER MARKET, BY PRODUCT
8.1. Introduction
8.1.1. Market Size & Forecast
8.1.2. Electrolyzer Market Share, By Product -2023 and 2031 (%)
8.2. ALKALINE ELECTROLYZER
8.2.1. Key market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast, by Regions
8.3. PROTON EXCHANGE MEMBRANE ELECTROLYZER
8.3.1. Key market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast, by Regions
8.4. SOLID OXIDE (SOE) ELECTROLYZER
8.4.1. Key market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast, by Regions
8.5. ANION EXCHANGE MEMBRANE (AEM) ELECTROLYZER
8.5.1. Key market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast, by Regions
CHAPTER 9: NORTH AMERICA MARKET ANALYSIS
9.1. Introduction
9.2. Electrolyzer Market by Country
9.3. North America Electrolyzer Market by Country, USD Million 2019-2031
9.3.1. Market Size & Forecast, By Capacity
9.3.2. Market Size & Forecast, By Application
9.3.3. Market Size & Forecast, By Product
9.4. U.S.
9.4.1. Market Size & Forecast, By Capacity
9.4.2. Market Size & Forecast, By Application
9.4.3. Market Size & Forecast, By Product
9.5. Canada
9.5.1. Market Size & Forecast, By Capacity
9.5.2. Market Size & Forecast, By Application
9.5.3. Market Size & Forecast, By Product
CHAPTER 10: EUROPE MARKET ANALYSIS
10.1. Introduction
10.2. Electrolyzer Market by Country
10.3. Europe Electrolyzer Market by Country, USD Million 2019-2031
10.3.1. Market Size & Forecast, By Capacity
10.3.2. Market Size & Forecast, By Application
10.3.3. Market Size & Forecast, By Product
10.4. Germany
10.4.1. Market Size & Forecast, By Capacity
10.4.2. Market Size & Forecast, By Application
10.4.3. Market Size & Forecast, By Product
10.5. France
10.5.1. Market Size & Forecast, By Capacity
10.5.2. Market Size & Forecast, By Application
10.5.3. Market Size & Forecast, By Product
10.6. U.K.
10.6.1. Market Size & Forecast, By Capacity
10.6.2. Market Size & Forecast, By Application
10.6.3. Market Size & Forecast, By Product
10.7. Italy
10.7.1. Market Size & Forecast, By Capacity
10.7.2. Market Size & Forecast, By Application
10.7.3. Market Size & Forecast, By Product
10.8. Spain
10.8.1. Market Size & Forecast, By Capacity
10.8.2. Market Size & Forecast, By Application
10.8.3. Market Size & Forecast, By Product
10.9. Benelux
10.9.1. Market Size & Forecast, By Capacity
10.9.2. Market Size & Forecast, By Application
10.9.3. Market Size & Forecast, By Product
10.10. Rest of Europe
10.10.1. Market Size & Forecast, By Capacity
10.10.2. Market Size & Forecast, By Application
10.10.3. Market Size & Forecast, By Product
CHAPTER 11: ASIA-PACIFIC MARKET ANALYSIS
11.1. Introduction
11.2. Electrolyzer Market by Country
11.3. Asia Pacific Electrolyzer Market by Country, USD Million 2019-2031
11.3.1. Market Size & Forecast, By Capacity
11.3.2. Market Size & Forecast, By Application
11.3.3. Market Size & Forecast, By Product
11.4. China
11.4.1. Market Size & Forecast, By Capacity
11.4.2. Market Size & Forecast, By Application
11.4.3. Market Size & Forecast, By Product
11.5. India
11.5.1. Market Size & Forecast, By Capacity
11.5.2. Market Size & Forecast, By Application
11.5.3. Market Size & Forecast, By Product
11.6. Japan
11.6.1. Market Size & Forecast, By Capacity
11.6.2. Market Size & Forecast, By Application
11.6.3. Market Size & Forecast, By Product
11.7. Australia
11.7.1. Market Size & Forecast, By Capacity
11.7.2. Market Size & Forecast, By Application
11.7.3. Market Size & Forecast, By Product
11.8. South Korea
11.8.1. Market Size & Forecast, By Capacity
11.8.2. Market Size & Forecast, By Application
11.8.3. Market Size & Forecast, By Product
11.9. Souethest Asia
11.9.1. Market Size & Forecast, By Capacity
11.9.2. Market Size & Forecast, By Application
11.9.3. Market Size & Forecast, By Product
11.10. Rest of Asia Pacific
11.10.1. Market Size & Forecast, By Capacity
11.10.2. Market Size & Forecast, By Application
11.10.3. Market Size & Forecast, By Product
CHAPTER 12: LATIN AMERICA AND THE CARIBBEAN MARKET ANALYSIS
12.1. Introduction
12.2. Electrolyzer Market by Country
12.3. Latin America Electrolyzer Market by Country, USD Million 2019-2031
12.3.1. Market Size & Forecast, By Capacity
12.3.2. Market Size & Forecast, By Application
12.3.3. Market Size & Forecast, By Product
12.4. Brazil
12.4.1. Market Size & Forecast, By Capacity
12.4.2. Market Size & Forecast, By Application
12.4.3. Market Size & Forecast, By Product
12.5. Mexico
12.5.1. Market Size & Forecast, By Capacity
12.5.2. Market Size & Forecast, By Application
12.5.3. Market Size & Forecast, By Product
12.6. Rest of Latin America
12.6.1. Market Size & Forecast, By Capacity
12.6.2. Market Size & Forecast, By Application
12.6.3. Market Size & Forecast, By Product
CHAPTER 13: THE MIDDLE EAST AND AFRICA MARKET ANALYSIS
13.1. Introduction
13.2. Electrolyzer Market by Country
13.3. MEA Electrolyzer Market by Country, USD Million 2019-2031
13.3.1. Market Size & Forecast, By Capacity
13.3.2. Market Size & Forecast, By Application
13.3.3. Market Size & Forecast, By Product
13.4. South Africa
13.4.1. Market Size & Forecast, By Capacity
13.4.2. Market Size & Forecast, By Application
13.4.3. Market Size & Forecast, By Product
13.5. Saudi Arabia
13.5.1. Market Size & Forecast, By Capacity
13.5.2. Market Size & Forecast, By Application
13.5.3. Market Size & Forecast, By Product
13.6. UAE
13.6.1. Market Size & Forecast, By Capacity
13.6.2. Market Size & Forecast, By Application
13.6.3. Market Size & Forecast, By Product
13.7. Rest of MEA
13.7.1. Market Size & Forecast, By Capacity
13.7.2. Market Size & Forecast, By Application
13.7.3. Market Size & Forecast, By Product
CHAPTER 14: COMPETITIVE LANDSCAPE
14.1. Introduction
14.2. Market Player Positioning, 2022
14.3. Company Evaluation Matrix
14.4. Product Mapping of Top 10 Player
14.5. Market Opportunities and Future Trends
14.6. Competitive Heatmap
14.7. Top Winning Growth Strategies
14.7.1. Major Growth Strategies
14.7.2. Expansion
14.7.3. Merger and Acquisition
14.7.4. Other Developments
CHAPTER 15: COMPANY PROFILES
15.1. NEL ASA
15.1.1. Company Overview
15.1.2. Key Executives
15.1.3. Financial Overview
15.1.4. Business Productnalysis
15.1.5. Product Portfolio
15.1.6. Key Strategic Developments
15.2. IBERDROLA S.A.
15.3. ITM POWER
15.4. SIEMENS AG.
15.5. TOSHIBA CORPORATION.
15.6. BLOOM ENERGY
15.7. PLUG POWER INC.
15.8. MCPHY ENERGY
15.9. AIR LIQUIDE
15.10. CUMMINS, INC

Tables & Figures

LIST OF TABLES
Table 1. Global Electrolyzer Market INDUSTRY SNAPSHOT, 2022-2031
Table 2. Global Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 3. Global Electrolyzer Market 500 KW, BY REGION-2019-2031 (USD MILLION)
Table 4. Global Electrolyzer Market 500 KW TO 2 MW, BY REGION-2019-2031 (USD MILLION)
Table 5. Global Electrolyzer Market SHARE, By Application SIZE-2019-2031 (USD MILLION)
Table 6. Global Electrolyzer Market POWER GENERATION, BY REGION-2019-2031 (USD MILLION)
Table 7. Global Electrolyzer Market TRANSPORTATION, BY REGION-2019-2031 (USD MILLION)
Table 8. Global Electrolyzer Market TURBOPROP, BY REGION-2019-2031 (USD MILLION)
Table 9. Global Electrolyzer Market SHARE, By Product -2019-2031 (USD MILLION)
Table 10. Global Electrolyzer Market ALKALINE ELECTROLYZER, BY REGION-2019-2031 (USD MILLION)
Table 11. Global Electrolyzer Market PROTON EXCHANGE MEMBRANE ELECTROLYZER, BY REGION-2019-2031 (USD MILLION)
Table 12. NORTH AMERICA Electrolyzer Market BY COUNTRY, USD MILLION 2019-2031
Table 13. NORTH AMERICA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 14. NORTH AMERICA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 15. NORTH AMERICA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 16. U.S. Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 17. U.S. Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 18. U.S. Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 19. CANADA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 20. CANADA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 21. CANADA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 22. EUROPE Electrolyzer Market BY COUNTRY, USD MILLION 2019-2031
Table 23. EUROPE Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 24. EUROPE Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 25. EUROPE Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 26. GERMANY Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 27. GERMANY Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 28. GERMANY Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 29. FRANCE Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 30. FRANCE Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 31. FRANCE Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 32. UK Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 33. UK Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 34. UK Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 35. ITALY Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 36. ITALY Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 37. ITALY Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 38. SPAIN Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 39. SPAIN Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 40. SPAIN Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 41. BENELUX Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 42. BENELUX Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 43. BENELUX Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 44. REST OF EUROPE Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 45. REST OF EUROPE Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 46. REST OF EUROPE Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 47. ASIA PACIFIC Electrolyzer Market BY COUNTRY, USD MILLION 2019-2031
Table 48. ASIA PACIFIC Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 49. ASIA PACIFIC Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 50. ASIA PACIFIC Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 51. CHINA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 52. CHINA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 53. CHINA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 54. INDIA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 55. INDIA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 56. INDIA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 57. JAPAN Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 58. JAPAN Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 59. JAPAN Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 60. AUSTRALIA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 61. AUSTRALIA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 62. AUSTRALIA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 63. SOUTH KOREA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 64. SOUTH KOREA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 65. SOUTH KOREA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 66. SOUETHEST ASIA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 67. SOUETHEST ASIA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 68. SOUETHEST ASIA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 69. REST OF ASIA PACIFIC Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 70. REST OF ASIA PACIFIC Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 71. REST OF ASIA PACIFIC Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 72. LATIN AMERICA Electrolyzer Market BY COUNTRY, USD MILLION 2019-2031
Table 73. LATIN AMERICA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 74. LATIN AMERICA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 75. LATIN AMERICA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 76. BRAZIL Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 77. BRAZIL Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 78. BRAZIL Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 79. MEXICO Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 80. MEXICO Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 81. MEXICO Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 82. REST OF LATIN AMERICA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 83. REST OF LATIN AMERICA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 84. REST OF LATIN AMERICA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 85. MEA Electrolyzer Market BY COUNTRY, USD MILLION 2019-2031
Table 86. MEA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 87. MEA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 88. MEA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 89. SOUTH AFRICA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 90. SOUTH AFRICA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 91. SOUTH AFRICA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 92. SAUDI ARABIA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 93. SAUDI ARABIA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 94. SAUDI ARABIA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 95. UAE Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 96. UAE Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 97. UAE Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 98. REST OF MEA Electrolyzer Market SHARE, By Capacity -2019-2031 (USD MILLION)
Table 99. REST OF MEA Electrolyzer Market SHARE, By Application -2019-2031 (USD MILLION)
Table 100. REST OF MEA Electrolyzer Market SHARE, By Product – 2019-2031 (USD MILLION)
Table 101. KEY EXPANSIONS (2019-2022)
Table 102. KEY MERGERS AND ACQUISITION (2019-2022)
Table 103. OTHER KEY DEVELOPMENTS (2019-2022)

LIST OF FIGURES
Figure 1. REGIONAL ANALYSIS (2022 & 2031)
Figure 2. RESEARCH PROCESS
Figure 3. ANALYSIS FRAMEWORK
Figure 4. IMPACT OF KEY REGULATION ON THE MARKET
Figure 5. SWOT ANALYSIS
Figure 6. Global Electrolyzer Market SHARE, By Capacity -2023 & 2031 (USD MILLION)
Figure 7. Global Electrolyzer Market , 500 KW -2019-2031 (USD MILLION)
Figure 8. Global Electrolyzer Market , 500 KW TO 2 MW -2019-2031 (USD MILLION)
Figure 9. Global Electrolyzer Market , ABOVE 2 MW-2019-2031 (USD MILLION)
Figure 10. Global Electrolyzer Market SHARE, By Application -2023 & 2031 (USD MILLION)
Figure 11. Global Electrolyzer Market , POWER GENERATION -2019-2031 (USD MILLION)
Figure 12. Global Electrolyzer Market , TRANSPORTATION -2019-2031 (USD MILLION)
Figure 13. Global Electrolyzer Market , INDUSTRY ENERGY -2019-2031 (USD MILLION)
Figure 14. Global Electrolyzer Market , INDUSTRY FEEDSTOCK -2019-2031 (USD MILLION)
Figure 15. Global Electrolyzer Market , BUILDING HEAT AND POWER -2019-2031 (USD MILLION)
Figure 16. Global Electrolyzer Market , OTHER -2019-2031 (USD MILLION)
Figure 17. Global Electrolyzer Market SHARE, By Product -2023 & 2031 (USD MILLION)
Figure 18. Global Electrolyzer Market , ALKALINE ELECTROLYZER -2019-2031 (USD MILLION)
Figure 19. Global Electrolyzer Market , PROTON EXCHANGE MEMBRANE ELECTROLYZER -2019-2031 (USD MILLION)
Figure 20. Global Electrolyzer Market , SOLID OXIDE (SOE) ELECTROLYZER -2019-2031 (USD MILLION)
Figure 21. Global Electrolyzer Market , ANION EXCHANGE MEMBRANE (AEM) ELECTROLYZER -2019-2031 (USD MILLION)
Figure 22. MARKET PLAYER POSITIONING, 2022
Figure 23. COMPANY EVALUATION MATRIX
Figure 24. PRODUCT MAPPING OF TOP 10 PLAYERS
Figure 25. COMPETITIVE HEATMAP OF KEY PLAYERS

Frequently Asked Questions (FAQ):

  • Which is the leading segment in the Electrolyzer Market?

    Based on capacity, the 500 kW to 2 MW segment is the dominating segment.
  • What are the key factors driving the Electrolyzer Market?

    Rising Demand for Green Hydrogen, Innovations in Electrolyzer technology are some of the key factors driving the growth in the market.
  • Which region will contribute notably towards the Electrolyzer Market?

    North America region to contribute the major share towards the market growth.
  • What are the key players in the Electrolyzer Market?

    Nel ASA, Iberdrola S.A., ITM Power, Siemens AG., Toshiba Corporation., Bloom Energy, Plug Power Inc., McPhy Energy, Air Liquide, Cummins, Inc and Others.

Buying Options

Original price was: $6,000.00.Current price is: $5,100.00.
Original price was: $5,000.00.Current price is: $4,500.00.
Original price was: $4,000.00.Current price is: $3,800.00.