Electrolyzers for Green Hydrogen Market by Technology (Alkaline Water Electrolysis (AWE), Proton-Exchange-Membrane/ Polymer-Electrolyte-Membrane (PEM), Solid-Oxide Electrolyzers (SOEL)), Capacity (10 kw to 100 Mw, Less than 10Mw, More than 100 Mw), Applic

Electrolyzers for Green Hydrogen Market by Technology (Alkaline Water Electrolysis (AWE), Proton-Exchange-Membrane/ Polymer-Electrolyte-Membrane (PEM), Solid-Oxide Electrolyzers (SOEL)), Capacity (10 kw to 100 Mw, Less than 10Mw, More than 100 Mw), Application - Global Forecast 2024-2030


The Electrolyzers for Green Hydrogen Market size was estimated at USD 2.12 billion in 2023 and expected to reach USD 2.87 billion in 2024, at a CAGR 36.07% to reach USD 18.38 billion by 2030.

Electrolyzers play a crucial role in green hydrogen generation by splitting water into hydrogen and oxygen using electrical energy from renewable sources. Green hydrogen is an eco-friendly energy source derived from renewable resources, including solar or wind power through electrolysis. The green hydrogen electrolyzer comprises producing, distributing, and utilizing electrolyzers specifically designed for generating green hydrogen. The urgency to combat climate change by reducing greenhouse gas emissions has prompted governments worldwide to implement supportive policies and regulations promoting clean energy adoption. These initiatives include setting ambitious targets for renewable energy generation, providing incentives for research and development (R&D), and offering subsidies for green hydrogen production facilities, increasing the demand for electrolyzers for green hydrogen generation. The development of digitized and automated electrolyzers for efficient green hydrogen production has further expanded the scope of the market worldwide. Moreover, the growing demand for green hydrogen across various end-use sectors, including automotive and metal manufacturing, presents significant opportunities for deploying electrolyzers in green hydrogen generation. High capital costs associated with installing electrolyzers and the initial investment required for renewable energy infrastructure may limit market growth.

Additionally, the technical limitations associated with efficiency and energy requirements, scalability, and durability negatively impact the electrolyzers for the green hydrogen market. Ongoing technological advancements in electrolyzer design, materials, and technologies to improve efficiency levels, reduce operational costs, and enhance durability are expected to bolster the availability of electrolyzers for green hydrogen in the coming years. Moreover, the potential deployment of electrolyzers for onsite green hydrogen development is expected to create growth opportunities for the electrolyzers for the green hydrogen market.

Regional Insights

The global market for electrolyzers for green hydrogen is witnessing significant growth in the Americas, driven by increasing demand for clean energy and decarbonization efforts across various countries. In North America, stringent regulations to reduce carbon emissions drive investments in green hydrogen production. The U.S. Department of Energy actively provides funding to advance clean hydrogen technologies. Canadian initiatives and projects to facilitate collaboration between industry stakeholders have further encouraged the deployment and development associated with electrolyzers for green hydrogen. Europe, the Middle East, and Africa represent highly developing electrolyzers for the green hydrogen market due to ambitious targets by regional governments for renewable hydrogen capacity expansion and establishing national strategies with significant investments for green hydrogen generation. Rich in solar resources, the Middle East increasingly embraces green hydrogen production to diversify its energy sector. With rapid industrialization and urbanization in the Asia-Pacific region, countries including China, Japan, and India drive the growing demand for electrolyzers for green hydrogen. China's 14th Five-Year Plan includes targets for hydrogen production, while Japan aims to achieve a carbon-neutral society by 2050 with its basic hydrogen strategy, further encouraging the demand for electrolyzers for green hydrogen in the Asia-Pacific region. Promoting research and development, fostering public-private partnerships, and streamlining permitting processes are expected to support electrolyzers for the green hydrogen market in the coming years.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electrolyzers for Green Hydrogen 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 for Green Hydrogen 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.

Key Company Profiles

The report delves into recent significant developments in the Electrolyzers for Green Hydrogen Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Agfa-Gevaert N.V., AquaHydrex, Inc., Avium, LLC, Bloom Energy Corporation, Cummins Inc., Enapter S.r.l., ErreDue SpA, Green Hydrogen Systems A/S, H-TEC SYSTEMS GmbH, H2U Technologies, Inc., Hysata Pty Ltd, Iberdrola, S.A., ITM Power plc, John Cockerill, LONGi Green Energy Technology Co., Ltd., Nel ASA, Next Hydrogen Corporation, Ohmium International, Inc., OxEon Energy, LLC, Plug Power Inc., Siemens AG, SunFire GmbH, Sungrow Power Supply Co., Ltd., thyssenkrupp AG, and Topsoe A/S.

Market Segmentation & Coverage

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

Technology
Alkaline Water Electrolysis (AWE)

Proton-Exchange-Membrane/ Polymer-Electrolyte-Membrane (PEM)

Solid-Oxide Electrolyzers (SOEL)
Capacity
10 kw to 100 Mw

Less than 10Mw

More than 100 Mw
Application
Chemicals

Iron & Steel

Renewable Energy

Transportation
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 for Green Hydrogen Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electrolyzers for Green Hydrogen Market?
3. What are the technology trends and regulatory frameworks in the Electrolyzers for Green Hydrogen Market?
4. What is the market share of the leading vendors in the Electrolyzers for Green Hydrogen Market?
5. Which modes and strategic moves are suitable for entering the Electrolyzers for Green Hydrogen Market?PDF E-mail From Publisher (2-5)Users License


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electrolyzers for Green Hydrogen Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing usage of green hydrogen across various end-user industries
5.1.1.2. Government initiatives and investments for green hydrogen generation and deployment
5.1.1.3. Rising popularity of digitized and automated electrolyzers
5.1.2. Restraints
5.1.2.1. High costs of developing electrolyzers for green hydrogen
5.1.3. Opportunities
5.1.3.1. Adoption of green hydrogen electrolyzers for onsite hydrogen generation at refueling stations
5.1.3.2. Advancements in green hydrogen analyzers
5.1.4. Challenges
5.1.4.1. Operational and technical limitations associated with green hydrogen analyzers
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electrolyzers for Green Hydrogen Market, by Technology
6.1. Introduction
6.2. Alkaline Water Electrolysis (AWE)
6.3. Proton-Exchange-Membrane/ Polymer-Electrolyte-Membrane (PEM)
6.4. Solid-Oxide Electrolyzers (SOEL)
7. Electrolyzers for Green Hydrogen Market, by Capacity
7.1. Introduction
7.2. 10 kw to 100 Mw
7.3. Less than 10Mw
7.4. More than 100 Mw
8. Electrolyzers for Green Hydrogen Market, by Application
8.1. Introduction
8.2. Chemicals
8.3. Iron & Steel
8.4. Renewable Energy
8.5. Transportation
9. Americas Electrolyzers for Green Hydrogen Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Electrolyzers for Green Hydrogen Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Electrolyzers for Green Hydrogen Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Agreement, Collaboration, & Partnership
12.3.1.1. Nel ASA: Receives Purchase Order for 20 MW Electrolyser Equipment From Hyd’occ
12.3.1.2. Siemens Energy Electrolyzers Selected for World-Scale Electrofuel Facility in Texas
12.3.2. Award, Recognition, & Expansion
12.3.2.1. Bloom Energy Corporation Inaugurates High Volume Electrolyzer Production Line
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. ABB Ltd.
13.1.2. Agfa-Gevaert N.V.
13.1.3. AquaHydrex, Inc.
13.1.4. Avium, LLC
13.1.5. Bloom Energy Corporation
13.1.6. Cummins Inc.
13.1.7. Enapter S.r.l.
13.1.8. ErreDue SpA
13.1.9. Green Hydrogen Systems A/S
13.1.10. H-TEC SYSTEMS GmbH
13.1.11. H2U Technologies, Inc.
13.1.12. Hysata Pty Ltd
13.1.13. Iberdrola, S.A.
13.1.14. ITM Power plc
13.1.15. John Cockerill
13.1.16. LONGi Green Energy Technology Co., Ltd.
13.1.17. Nel ASA
13.1.18. Next Hydrogen Corporation
13.1.19. Ohmium International, Inc.
13.1.20. OxEon Energy, LLC
13.1.21. Plug Power Inc.
13.1.22. Siemens AG
13.1.23. SunFire GmbH
13.1.24. Sungrow Power Supply Co., Ltd.
13.1.25. thyssenkrupp AG
13.1.26. Topsoe A/S
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. ELECTROLYZERS FOR GREEN HYDROGEN MARKET RESEARCH PROCESS
FIGURE 2. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTROLYZERS FOR GREEN HYDROGEN MARKET DYNAMICS
FIGURE 7. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 8. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY CAPACITY, 2023 VS 2030 (%)
FIGURE 10. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY CAPACITY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA ELECTROLYZERS FOR GREEN HYDROGEN MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ELECTROLYZERS FOR GREEN HYDROGEN MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. ELECTROLYZERS FOR GREEN HYDROGEN MARKET SHARE, BY KEY PLAYER, 2023

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