Growth Opportunities in the Hydrogen Electrolyzers Market, 2023–2033
Despite Challenging Market Conditions in the Short-term, Electrolyzers Will Likely Become a $28.18 Billion Market Play by 2033
Electrolyzers use electrolysis to generate hydrogen from water. They will play a crucial role in the global transition towards clean energy because they provide a sustainable and efficient method for producing low- or zero-carbon hydrogen for various applications across many industrial sectors. The key factors that contribute to the electrolyzer industry’s growth include the increasing demand for hydrogen as an energy carrier, supportive government policies and incentives, and the need to reduce the reliance on fossil fuels in the global energy industry. In contrast, high capital costs, efficiency concerns, and limited renewable energy integration may impede the wider adoption of electrolyzer technologies.
This Frost & Sullivan analysis outlines the relative merits of each of the major electrolyzer technologies, explores the key trends that are likely to impact the industries development in the decade ahead, examines the key regulatory factors impacting growth, and provides forecasts for the growth in installation volumes and production to 2033 as well as an overview of the industry’s competitive structure, including profiles of leading industry participants.
- Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Global Electrolyzer Industry for Hydrogen Production
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Findings, Scope, and Key Questions This Study Will Answer
- Research Findings
- Scope of Analysis
- Key Questions This Study Will Answer
- Hydrogen Electrolyzer Technologies: An Overview of Their Characteristics
- A Comparison of Electrolyzer Technologies
- Technology Overview: Alkaline Electrolysis Cell
- Technology Overview: PEM Cell
- Technology Overview: Solid Oxide Electrolysis Cell
- Technology Overview: Anion Exchange Electrolysis Cell
- Latest Developments and Trends in the Hydrogen Electrolyzer Industry
- Latest Electrolyzer Market Development Trends
- Electrolyzers: Supply vs. Demand: Will Capacity Pipeline Stay Firm?
- Tax Credits and Incentives: The 45V Tax Credit Brings Hope to the US Electrolyzer Ecosystem
- Global Green H2 Capacity Auctions: Key Developments
- Solid Oxide and Anion Exchange Electrolyzers: Latest Developments
- Electrolyzer Differentiation: Why Surface Finishing is Key
- Taking Advantage of Scale: Chinese Electrolyzers and Costcompetitiveness
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- An Overview of the Electrolyzer Value Chain
- Relevant Regulatory Policies by Region: North America
- Relevant Regulatory Policies by Region: Europe
- Relevant Regulatory Policies by Region: Asia-Pacific
- 2023 Capital Cost Estimates by Technology
- Assumptions
- Installed Capacity Forecast by Electrolyzer Technology
- Table Hydrogen Electrolyzers Market: Installed Capacity (GW), Global, 2023-2033
- Annual Capacity Additions Revenue Forecast by Electrolyzer Technology
- Table Hydrogen Electrolyzers Market: Annual Capacity Additions Revenue Forecast, Global, 2024-2033
- Installed Capacity Forecast by Electrolyzers Technology- North America
- Table Hydrogen Electrolyzers Market: Installed Capacity (GW), North America, 2023-2033
- Annual Capacity Additions Revenue Forecast by Electrolyzer Technology-North America
- Table Hydrogen Electrolyzers Market: Annual Capacity Additions Revenue Forecast, North America, 2024-2033
- Forecast Analysis-North America
- Installed Capacity Forecast by Electrolyzers Technology-Europe
- Table Hydrogen Electrolyzers Market: Installed Capacity (GW), Europe, 2023-2033
- Annual Capacity Additions Revenue Forecast by Electrolyzers Technology-Europe
- Table Hydrogen Electrolyzers Market: Annual Capacity Additions Revenue Forecast, Europe, 2024-2033
- Forecast Analysis-Europe
- Installed Capacity Forecast by Electrolyzer Technology-Asia-Pacific
- Table Hydrogen Electrolyzers Market: Installed Capacity (GW), Asia-Pacific, 2023-2033
- Annual Capacity Additions Revenue Forecast by Electrolyzers Technology-Asia-Pacific
- Table Hydrogen Electrolyzers Market: Annual Capacity Additions Revenue Forecast, Asia-Pacific, 2024-2033
- Forecast Analysis-Asia-Pacific
- Installed Capacity Forecast by Electrolyzers Technology-Rest of the World
- Table Hydrogen Electrolyzers Market: Installed Capacity (GW), Rest of the World, 2023-2033
- Annual Capacity Additions Revenue Forecast by Electrolyzers Technology-Rest of the World
- Table Hydrogen Electrolyzers Market: Annual Capacity Additions Revenue Forecast, Rest of the World, 2024-2033
- Forecast Analysis-Rest of the World
- Growth Environment: Companies to Action (C2A), Hydrogen Electrolyzer Industry
- Competitive Environment
- Hydrogen Electrolyzer Supplier Mapping by Technology
- Key Electrolyzer Companies-North America
- Other Noteworthy Electrolyzer Companies-North America
- Key Electrolyzer Companies-Europe
- Other Noteworthy Electrolyzer Companies-Europe
- Key Electrolyzer Companies-Asia-Pacific
- Hydrogen Electrolyzer Stack Material Supplier Insight
- Key Success Factors
- How Will the Hydrogen Electroyzer Industry Evolve?
- Growth Opportunity Universe
- Growth Opportunity 1: Leveraging Region-specific Market Advantages
- Growth Opportunity 2: Partnerships in the Upstream H2 Value Chain
- Growth Opportunity 3: Surplus Renewable Energy for H2 Production
- Growth Opportunity 4: Strengthening Component Supply for Electrolyzer Systems and Balance of Plant
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