Electrolyzers
SKU
MRR-190BF4DC80EA
Region
Global
Publication Date
February 2024
Delivery
Immediate
2022
USD 1.64 billion
2030
USD 13.40 billion
2023
USD 2.10 billion
CAGR
29.95%
Electrolyzers Market by Type (Alkaline Electrolyzers, Proton Exchange Membrane Electrolyzers, Solid Oxide Electrolyzers), Component (Electrolyzer Cell Stacks, Power Supply, Pumps), Scope of Supply, Application - Global Forecast 2023-2030

[191 Pages Report] The Electrolyzers Market size was estimated at USD 1.64 billion in 2022 and expected to reach USD 2.10 billion in 2023, at a CAGR 29.95% to reach USD 13.40 billion by 2030.

Electrolyzers Market
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Electrolyzers use electricity to split water (H2O) into its constituent elements, hydrogen (H2) and oxygen (O2), through a process called electrolysis. Electrolysis involves the application of an electric current to an electrolyte solution or molten salt, causing the decomposition of the water molecules. Electrolyzers play a crucial role in renewable energy as they enable hydrogen production using electricity from renewable sources, including wind and solar power. Increasing government investments and initiatives are accelerating hydrogen production activities worldwide, and the rising popularity of digitalized and automated electrolyzers in various end-use cases has enhanced the adoption of electrolyzers. However, the high cost of developing electrolyzers with significant investment required for hydrogen production and several operational and technical limitations of low & high-temperature electrolyzers significantly impede the usage of electrolyzers. In addition, ongoing R&D activities on advancing electrolyzers using silicon and AI and increasing the use of green hydrogen electrolyzer for onsite hydrogen generation at refueling stations is expected to create tremendous opportunities for electrolyzer market development.

Electrolyzers Market - Global Forecast 2023-2030
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Type : Adaptability for Alkaline electrolyzers due to their simplicity and well-established technology

Alkaline electrolyzers are the most established and widely used technology for hydrogen production through water electrolysis. They operate at relatively low current densities, typically using a liquid alkaline potassium hydroxide (KOH) solution as an electrolyte. The primary advantage of alkaline electrolyzers is their simplicity and well-established technology, which translates to high reliability, long lifetime, and relatively low capital costs. However, they have lower efficiency compared to PEM or SOEC electrolyzers due to their slower reaction kinetics and higher overpotential requirements. In terms of need-based preference, alkaline electrolyzers are ideal for applications requiring large-scale hydrogen production with less stringent purity requirements, such as chemical plants or refineries. Proton exchange membrane (PEM) electrolyzers utilize a solid polymer membrane as the electrolyte, allowing for higher current densities than alkaline systems, resulting in smaller system footprints and potentially low capital costs per unit of hydrogen produced. Additionally, PEM systems can rapidly vary output without compromising efficiency or durability, making them well-suited for grid-scale energy storage and load management applications. PEM electrolyzers are preferred in applications that require high-purity hydrogen or where space is limited, such as fueling stations for hydrogen-powered vehicles. Solid oxide electrolyzers (SOEC) use a solid ceramic material as the electrolyte, operating at high temperatures. Additionally, SOEC technology can be integrated with waste heat recovery systems or coupled with high-temperature industrial processes, improving overall system efficiency. SOEC electrolyzers are suitable for high-efficiency applications or where waste heat is available, such as combined heat and power plants or steel mills.

Component : Importance of Electrolyzer cell stacks as the core component of an electrolyzer system

Electrolyzer cell stacks are the core component of an electrolyzer system, responsible for the electrochemical reaction that splits water into hydrogen and oxygen. Multiple cells are connected in series or parallel configurations to achieve desired production capacities. The need for efficient and durable cell stacks is essential to ensure optimal performance and longevity of the electrolyzer system. A reliable power supply is essential for converting electrical energy into chemical energy within an electrolyzer system. The choice of power supply depends on factors such as voltage requirements, load regulation needs, and compatibility with renewable energy sources. Pumps play a vital role in electrolysis by circulating electrolyte solutions, cooling systems, and transporting produced gases. The choice of pumps depends on factors such as flow rate requirements, materials compatibility, and operational efficiency. Separators are essential components that prevent the mixing of hydrogen and oxygen gases produced during electrolysis, ensuring the safety and purity of the products while minimizing energy losses due to gas crossover. The choice of separator material depends on factors such as chemical compatibility, mechanical stability, and cost-effectiveness. Storage tanks are necessary for storing hydrogen and oxygen until they can be utilized or transported. They must meet stringent safety standards due to the potential risk of explosion and leakage. The choice of storage tank depends on factors such as capacity, pressure requirements, and materials compatibility. Ventilation systems are critical in managing excess gases or pressure buildup within an electrolyzer system to ensure safe operation. They must be designed to handle different gas compositions and flow rates while minimizing environmental emissions.

Scope of Supply : Preferences for Indoor electrolyzers due to easy access for maintenance and monitoring activities

Indoor electrolyzers are typically placed within controlled environments such as industrial facilities, research centers, or warehouses. These closed settings enable operators to maintain optimal operating conditions while ensuring easy access for maintenance and monitoring activities. Space-sensitive designs and compact configurations that allow for efficient use of available space; ease of integration with existing infrastructure such as power supply networks and gas distribution systems; demanding safety measures to prevent any potential hazards arising from hydrogen leakages or equipment malfunction; and noise reduction features to minimize disruption to neighboring areas or personnel within the facility are some factors impacting indoor electrolyzer usage and development. Outdoor electrolyzers are designed for installation in open areas or remote locations, such as solar or wind farms, where they directly harness renewable energy sources to produce hydrogen. Outdoor installations with specific requirements prioritize factors such as robust and durable construction materials capable of withstanding harsh environmental conditions, such as extreme temperatures, humidity, and dust. They also value flexible scalability options to accommodate evolving hydrogen production needs. Remote monitoring and control capabilities enable operators to oversee system performance from a distance, while modular designs enhance transportability and ease of deployment across various sites.

Application : Proliferation in Industrial Processes for multiple applications

Ammonia production is a critical process in the fertilizer and chemical industries, and it involves the reaction of hydrogen and nitrogen under high pressure and temperature. Electrolyzers can produce hydrogen directly from water, reducing the carbon percentage associated with traditional hydrogen production methods. Industrial processes such as steel manufacturing, electronics fabrication involving hydrogen as a reducing agent or feedstock can benefit significantly from on-site hydrogen generation using electrolyzers. With growing emphasis on decarbonization in transportation sectors such as aviation and heavy-duty vehicles (trucks, buses), there is an increasing demand for green hydrogen as a fuel source. Electrolyzers are crucial in producing green hydrogen for mobility applications by splitting water into oxygen and renewable energy-sourced hydrogen gas. Electrolyzers can store excess renewable energy (solar, wind) as hydrogen gas, acting as an effective energy storage solution during periods of low demand or reduced generation capacity. This stored hydrogen can then be converted into electricity through fuel cells or combusted in gas turbines.

Regional Insights

The market is witnessing rapid growth in the Americas due to supportive government policies, investments in hydrogen infrastructure development, and the growing adoption of fuel cell electric vehicles (FCEVs). The United States, being the largest economy in this region, is leading the way with its plans to foster a clean hydrogen economy. Furthermore, countries such as Canada are also investing heavily in hydrogen technologies. The Asia-Pacific (APAC) region is experiencing rapid growth in the electrolyzer market due to increasing investments in clean energy projects and a strong focus on reducing carbon emissions. China dominates this region's market with ambitious targets for deploying renewable energy sources such as solar and wind power. In addition to China's efforts, other countries such as Japan and South Korea are also accelerating their commitments towards hydrogen technology adoption. In the Europe, Middle East & Africa (EMEA) region, market growth is driven by the European Union's (EU) ambitious climate goals and strong support for green hydrogen initiatives. Countries such as France, the United Kingdom, and Spain are also prioritizing investments in renewable energy and clean hydrogen technologies. The Middle East region is also exploring opportunities to develop their hydrogen economies, with countries such as Saudi Arabia planning large-scale projects.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electrolyzers Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electrolyzers Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments
  • GreenH Electrolysis plans to set up 1 GW electrolyser manufacturing in India

    GreenH Electrolysis planned to establish a state-of-the-art PEM electrolyzer manufacturing plant in the Jhajjar district of Haryana, India, contributing to India's journey towards green hydrogen production. This manufacturing facility aims to cover an area of 97,000 square feet, and the plant construction is carried out in two phases, with each stage having a capacity of 500 MW. [Published On: 2023-07-26]

  • PLUG SECURES 100 MW ELECTROLYZER DEAL FOR GREEN HYDROGEN PROJECT IN EUROPE

    Plug Power Inc. received a significant order for 100 megawatts (MW) of proton exchange membrane (PEM) electrolyzers committed to renewable energy, as 100% renewable sources power the electrolyzers. With an impressive daily production of approximately 43 tons of green hydrogen, these electrolyzers are set to replace gray hydrogen in oil refining, reducing 516 tons of CO2 emissions per day. [Published On: 2023-07-13]

  • Green hydrogen platform to go public via merger

    H2B2 Electrolysis Technologies and RMG Acquisition Corp III have agreed to merge to leverage its extensive pipeline of opportunities and drive the advancement of next-generation energy infrastructure. The merger with RMG III bolsters their international business and enhances their operational capacity worldwide, positioning hydrogen as a pivotal energy vector for decarbonization efforts. [Published On: 2023-05-12]

Key Company Profiles

The report delves into recent significant developments in the Electrolyzers Market, highlighting leading vendors and their innovative profiles. These include Advent Technologies Holdings Inc., Air Liquide S.A., Asahi Kasei Corporation, Bloom Energy Corporation, Cummins Inc., Enapter S.r.l., Erre Due s.p.a., Green Hydrogen Systems A/S, H-TEC SYSTEMS GmbH by MAN Energy Solutions SE, H2 Core Systems GmbH, h2e Power Systems Inc., Hoeller Electrolyzer GmbH, Hydrogen Optimized Inc., HydrogenPro ASA, iGas energy GmbH, INEOS AG, ITM Power PLC, John Cockerill SA, Linde PLC, McPhy Energy S.A., Nel ASA, Next Hydrogen Solutions Inc., Ningbo TopCorr Corrosion Technology Co.,Ltd., Ohmium International, Inc., OxEon Energy, LLC, OÜ Stargate Hydrogen, PERIC Hydrogen Technologies Co., Ltd, Plug Power Inc., Pure Energy Centre, Siemens Energy AG, Sono-Tek Corporation, Sumitomo Corporation, Sunfire GmbH, thyssenkrupp AG, Topsoe A/S, and Toshiba Corporation.

Market Segmentation & Coverage

This research report categorizes the Electrolyzers Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Type
    • Alkaline Electrolyzers
    • Proton Exchange Membrane Electrolyzers
    • Solid Oxide Electrolyzers
  • Component
    • Electrolyzer Cell Stacks
    • Power Supply
    • Pumps
    • Separator
    • Storage Tanks
    • Vents
  • Scope of Supply
    • Indoor
    • Outdoor
  • Application
    • Ammonia Production
    • Industrial Processes
    • Renewable Power

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Electrolyzers Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electrolyzers Market?
  3. What are the technology trends and regulatory frameworks in the Electrolyzers Market?
  4. What is the market share of the leading vendors in the Electrolyzers Market?
  5. Which modes and strategic moves are suitable for entering the Electrolyzers Market?

  1. Preface
    1. Objectives of the Study
    2. Market Segmentation & CoverageELECTROLYZERS MARKET SEGMENTATION & COVERAGE
    3. Years Considered for the Study
    4. Currency & PricingUNITED STATES DOLLAR EXCHANGE RATE, 2018–2022
    5. Language
    6. Limitations
    7. Assumptions
    8. Stakeholders
  2. Research Methodology
    1. ELECTROLYZERS MARKET RESEARCH PROCESS
    2. Define: Research Objective
    3. Determine: Research Design
    4. Prepare: Research Instrument
    5. Collect: Data Source
    6. Analyze: Data Interpretation
    7. Formulate: Data Verification
    8. Publish: Research Report
    9. Repeat: Report Update
  3. Executive Summary
    1. ELECTROLYZERS MARKET SIZE, 2022 VS 2030
  4. Market Overview
    1. IntroductionELECTROLYZERS MARKET SIZE, 2018-2030 (USD MILLION)ELECTROLYZERS MARKET SIZE, 2018-2030 (USD MILLION)
    2. Electrolyzers Market, by RegionELECTROLYZERS MARKET SIZE, BY REGION, 2022 VS 2030 (%)ELECTROLYZERS MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)GLOBAL ELECTROLYZERS MARKET SIZE, BY REGION, 2018-2030 (USD MILLION)
  5. Market Insights
    1. Market DynamicsELECTROLYZERS MARKET DYNAMICS
      1. Drivers
        1. Utilization of hydrogen for power generation and in industrial processes
        2. Government investments & initiatives accelerating hydrogen production activities worldwide
      2. Restraints
        1. High cost of developing and owning electrolyzers with significant investment required for hydrogen production
      3. Opportunities
        1. Ongoing R&D activities for advancing electrolyzers
        2. Emerging use of green hydrogen electrolyser for onsite hydrogen generation at refueling stations
      4. Challenges
        1. Operational and technical limitations of low & high temperature electrolyzers
    2. Market Segmentation Analysis
      1. Type : Adaptability for Alkaline electrolyzers due to their simplicity and well-established technology
      2. Component : Importance of Electrolyzer cell stacks as the core component of an electrolyzer system
      3. Scope of Supply : Preferences for Indoor electrolyzers due to easy access for maintenance and monitoring activities
      4. Application : Proliferation in Industrial Processes for multiple applications
    3. Market Trend Analysis
      1. Significant push towards adopting green hydrogen technologies across Americas
      2. Increasing demand for hydrogen as a clean energy source backed by government initiatives, to promote the adoption of electrolyzers in Asia-Pacific region
      3. Rising investments to accelerate the production of green hydrogen in EMEA region
    4. Cumulative Impact of COVID-19
    5. Cumulative Impact of Russia-Ukraine Conflict
    6. Cumulative Impact of High Inflation
    7. Porter’s Five Forces Analysis
      1. Threat of New Entrants
      2. Threat of Substitutes
      3. Bargaining Power of Customers
      4. Bargaining Power of Suppliers
      5. Industry Rivalry
    8. Value Chain & Critical Path Analysis
    9. Regulatory Framework
  6. Electrolyzers Market, by Type
    1. IntroductionELECTROLYZERS MARKET SIZE, BY TYPE, 2022 VS 2030 (%)ELECTROLYZERS MARKET SIZE, BY TYPE, 2022 VS 2023 VS 2030 (USD MILLION)ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)
    2. Alkaline ElectrolyzersELECTROLYZERS MARKET SIZE, BY ALKALINE ELECTROLYZERS, BY , 2018-2030 (USD MILLION)
    3. Proton Exchange Membrane ElectrolyzersELECTROLYZERS MARKET SIZE, BY PROTON EXCHANGE MEMBRANE ELECTROLYZERS, BY , 2018-2030 (USD MILLION)
    4. Solid Oxide ElectrolyzersELECTROLYZERS MARKET SIZE, BY SOLID OXIDE ELECTROLYZERS, BY , 2018-2030 (USD MILLION)
  7. Electrolyzers Market, by Component
    1. IntroductionELECTROLYZERS MARKET SIZE, BY COMPONENT, 2022 VS 2030 (%)ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2022 VS 2023 VS 2030 (USD MILLION)ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)
    2. Electrolyzer Cell StacksELECTROLYZERS MARKET SIZE, BY ELECTROLYZER CELL STACKS, BY , 2018-2030 (USD MILLION)
    3. Power SupplyELECTROLYZERS MARKET SIZE, BY POWER SUPPLY, BY , 2018-2030 (USD MILLION)
    4. PumpsELECTROLYZERS MARKET SIZE, BY PUMPS, BY , 2018-2030 (USD MILLION)
    5. SeparatorELECTROLYZERS MARKET SIZE, BY SEPARATOR, BY , 2018-2030 (USD MILLION)
    6. Storage TanksELECTROLYZERS MARKET SIZE, BY STORAGE TANKS, BY , 2018-2030 (USD MILLION)
    7. VentsELECTROLYZERS MARKET SIZE, BY VENTS, BY , 2018-2030 (USD MILLION)
  8. Electrolyzers Market, by Scope of Supply
    1. IntroductionELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2022 VS 2030 (%)ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2022 VS 2023 VS 2030 (USD MILLION)ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)
    2. IndoorELECTROLYZERS MARKET SIZE, BY INDOOR, BY , 2018-2030 (USD MILLION)
    3. OutdoorELECTROLYZERS MARKET SIZE, BY OUTDOOR, BY , 2018-2030 (USD MILLION)
  9. Electrolyzers Market, by Application
    1. IntroductionELECTROLYZERS MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    2. Ammonia ProductionELECTROLYZERS MARKET SIZE, BY AMMONIA PRODUCTION, BY , 2018-2030 (USD MILLION)
    3. Industrial ProcessesELECTROLYZERS MARKET SIZE, BY INDUSTRIAL PROCESSES, BY , 2018-2030 (USD MILLION)
    4. Renewable PowerELECTROLYZERS MARKET SIZE, BY RENEWABLE POWER, BY , 2018-2030 (USD MILLION)
  10. Americas Electrolyzers Market
    1. Introduction
    2. AMERICAS ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)AMERICAS ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)AMERICAS ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)AMERICAS ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    3. AMERICAS ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)AMERICAS ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)AMERICAS ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
    4. Argentina
    5. ARGENTINA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)ARGENTINA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)ARGENTINA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)ARGENTINA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    6. Brazil
    7. BRAZIL ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)BRAZIL ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)BRAZIL ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)BRAZIL ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    8. Canada
    9. CANADA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)CANADA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)CANADA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)CANADA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    10. Mexico
    11. MEXICO ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)MEXICO ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)MEXICO ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)MEXICO ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    12. United States
    13. UNITED STATES ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)UNITED STATES ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)UNITED STATES ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)UNITED STATES ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    14. UNITED STATES ELECTROLYZERS MARKET SIZE, BY STATE, 2022 VS 2030 (%)UNITED STATES ELECTROLYZERS MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)UNITED STATES ELECTROLYZERS MARKET SIZE, BY STATE, 2018-2030 (USD MILLION)
  11. Asia-Pacific Electrolyzers Market
    1. Introduction
    2. ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    3. ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)ASIA-PACIFIC ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
    4. Australia
    5. AUSTRALIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)AUSTRALIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)AUSTRALIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)AUSTRALIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    6. China
    7. CHINA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)CHINA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)CHINA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)CHINA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    8. India
    9. INDIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)INDIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)INDIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)INDIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    10. Indonesia
    11. INDONESIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)INDONESIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)INDONESIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)INDONESIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    12. Japan
    13. JAPAN ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)JAPAN ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)JAPAN ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)JAPAN ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    14. Malaysia
    15. MALAYSIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)MALAYSIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)MALAYSIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)MALAYSIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    16. Philippines
    17. PHILIPPINES ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)PHILIPPINES ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)PHILIPPINES ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)PHILIPPINES ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    18. Singapore
    19. SINGAPORE ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SINGAPORE ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SINGAPORE ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SINGAPORE ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    20. South Korea
    21. SOUTH KOREA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SOUTH KOREA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SOUTH KOREA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SOUTH KOREA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    22. Taiwan
    23. TAIWAN ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)TAIWAN ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)TAIWAN ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)TAIWAN ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    24. Thailand
    25. THAILAND ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)THAILAND ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)THAILAND ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)THAILAND ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    26. Vietnam
    27. VIETNAM ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)VIETNAM ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)VIETNAM ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)VIETNAM ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
  12. Europe, Middle East & Africa Electrolyzers Market
    1. Introduction
    2. EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    3. EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS MARKET SIZE, BY COUNTRY, 2018-2030 (USD MILLION)
    4. Denmark
    5. DENMARK ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)DENMARK ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)DENMARK ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)DENMARK ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    6. Egypt
    7. EGYPT ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)EGYPT ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)EGYPT ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)EGYPT ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    8. Finland
    9. FINLAND ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)FINLAND ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)FINLAND ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)FINLAND ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    10. France
    11. FRANCE ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)FRANCE ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)FRANCE ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)FRANCE ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    12. Germany
    13. GERMANY ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)GERMANY ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)GERMANY ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)GERMANY ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    14. Israel
    15. ISRAEL ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)ISRAEL ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)ISRAEL ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)ISRAEL ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    16. Italy
    17. ITALY ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)ITALY ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)ITALY ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)ITALY ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    18. Netherlands
    19. NETHERLANDS ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)NETHERLANDS ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)NETHERLANDS ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)NETHERLANDS ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    20. Nigeria
    21. NIGERIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)NIGERIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)NIGERIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)NIGERIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    22. Norway
    23. NORWAY ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)NORWAY ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)NORWAY ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)NORWAY ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    24. Poland
    25. POLAND ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)POLAND ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)POLAND ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)POLAND ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    26. Qatar
    27. QATAR ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)QATAR ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)QATAR ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)QATAR ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    28. Russia
    29. RUSSIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)RUSSIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)RUSSIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)RUSSIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    30. Saudi Arabia
    31. SAUDI ARABIA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SAUDI ARABIA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SAUDI ARABIA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SAUDI ARABIA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    32. South Africa
    33. SOUTH AFRICA ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SOUTH AFRICA ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SOUTH AFRICA ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SOUTH AFRICA ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    34. Spain
    35. SPAIN ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SPAIN ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SPAIN ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SPAIN ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    36. Sweden
    37. SWEDEN ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SWEDEN ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SWEDEN ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SWEDEN ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    38. Switzerland
    39. SWITZERLAND ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)SWITZERLAND ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)SWITZERLAND ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)SWITZERLAND ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    40. Turkey
    41. TURKEY ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)TURKEY ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)TURKEY ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)TURKEY ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    42. United Arab Emirates
    43. UNITED ARAB EMIRATES ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)UNITED ARAB EMIRATES ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)UNITED ARAB EMIRATES ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)UNITED ARAB EMIRATES ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
    44. United Kingdom
    45. UNITED KINGDOM ELECTROLYZERS MARKET SIZE, BY TYPE, 2018-2030 (USD MILLION)UNITED KINGDOM ELECTROLYZERS MARKET SIZE, BY COMPONENT, 2018-2030 (USD MILLION)UNITED KINGDOM ELECTROLYZERS MARKET SIZE, BY SCOPE OF SUPPLY, 2018-2030 (USD MILLION)UNITED KINGDOM ELECTROLYZERS MARKET SIZE, BY APPLICATION, 2018-2030 (USD MILLION)
  13. Competitive Landscape
    1. FPNV Positioning MatrixELECTROLYZERS MARKET, FPNV POSITIONING MATRIX, 2022ELECTROLYZERS MARKET, FPNV POSITIONING MATRIX, 2022
    2. Market Share Analysis, By Key PlayerELECTROLYZERS MARKET SHARE, BY KEY PLAYER, 2022ELECTROLYZERS MARKET SHARE, BY KEY PLAYER, 2022
    3. Competitive Scenario Analysis, By Key Player
      1. GreenH Electrolysis plans to set up 1 GW electrolyser manufacturing in India
      2. PLUG SECURES 100 MW ELECTROLYZER DEAL FOR GREEN HYDROGEN PROJECT IN EUROPE
      3. Green hydrogen platform to go public via merger
      4. Green Hydrogen Company Ohmium Closes USD 250 Million Series C Fundraise Led by TPG Rise Climate
      5. Evonik Partners with Siemens to Pilot New Electrolysis Technology for Green Hydrogen
      6. McPhy Signs Agreement With L&T for Electrolyzer Manufacturing
      7. Varennes Carbon Recycling selects Accelera by Cummins to manufacture, supply 90MW electrolyzer system in Quebec
      8. H-TEC Systems to Deliver Electrolyzer for Norwegian-Danish Cooperation for Green Production of Liquid Biogas
      9. Longi Releases New Alkaline Electrolyzer
      10. ITM Power Signed Contracts with Linde Engineering for Two 100 MW Electrolysers
      11. Plug Power and Johnson Matthey Announce Long-Term Strategic Partnership to Accelerate the Hydrogen Economy
      12. Green Hydrogen Systems Signs New Order of 16 A-series Electrolyser Units
  14. Competitive Portfolio
    1. Key Company Profiles
      1. Advent Technologies Holdings Inc.
      2. Air Liquide S.A.
      3. Asahi Kasei Corporation
      4. Bloom Energy Corporation
      5. Cummins Inc.
      6. Enapter S.r.l.
      7. Erre Due s.p.a.
      8. Green Hydrogen Systems A/S
      9. H-TEC SYSTEMS GmbH by MAN Energy Solutions SE
      10. H2 Core Systems GmbH
      11. h2e Power Systems Inc.
      12. Hoeller Electrolyzer GmbH
      13. Hydrogen Optimized Inc.
      14. HydrogenPro ASA
      15. iGas energy GmbH
      16. INEOS AG
      17. ITM Power PLC
      18. John Cockerill SA
      19. Linde PLC
      20. McPhy Energy S.A.
      21. Nel ASA
      22. Next Hydrogen Solutions Inc.
      23. Ningbo TopCorr Corrosion Technology Co.,Ltd.
      24. Ohmium International, Inc.
      25. OxEon Energy, LLC
      26. OÜ Stargate Hydrogen
      27. PERIC Hydrogen Technologies Co., Ltd
      28. Plug Power Inc.
      29. Pure Energy Centre
      30. Siemens Energy AG
      31. Sono-Tek Corporation
      32. Sumitomo Corporation
      33. Sunfire GmbH
      34. thyssenkrupp AG
      35. Topsoe A/S
      36. Toshiba Corporation
    2. Key Product Portfolio
  1. Advent Technologies Holdings Inc.
  2. Air Liquide S.A.
  3. Asahi Kasei Corporation
  4. Bloom Energy Corporation
  5. Cummins Inc.
  6. Enapter S.r.l.
  7. Erre Due s.p.a.
  8. Green Hydrogen Systems A/S
  9. H-TEC SYSTEMS GmbH by MAN Energy Solutions SE
  10. H2 Core Systems GmbH
  11. h2e Power Systems Inc.
  12. Hoeller Electrolyzer GmbH
  13. Hydrogen Optimized Inc.
  14. HydrogenPro ASA
  15. iGas energy GmbH
  16. INEOS AG
  17. ITM Power PLC
  18. John Cockerill SA
  19. Linde PLC
  20. McPhy Energy S.A.
  21. Nel ASA
  22. Next Hydrogen Solutions Inc.
  23. Ningbo TopCorr Corrosion Technology Co.,Ltd.
  24. Ohmium International, Inc.
  25. OxEon Energy, LLC
  26. OÜ Stargate Hydrogen
  27. PERIC Hydrogen Technologies Co., Ltd
  28. Plug Power Inc.
  29. Pure Energy Centre
  30. Siemens Energy AG
  31. Sono-Tek Corporation
  32. Sumitomo Corporation
  33. Sunfire GmbH
  34. thyssenkrupp AG
  35. Topsoe A/S
  36. Toshiba Corporation
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Frequently Asked Questions about the Electrolyzers Market
The Global Electrolyzers Market size was estimated at USD 1.64 billion in 2022 and expected to reach USD 2.10 billion in 2023.
The Global Electrolyzers Market to grow USD 13.40 billion by 2030, at a CAGR of 29.95%
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