Global Hydrogen Electrolyzers Market 2024-2028

Global Hydrogen Electrolyzers Market 2024-2028

The hydrogen electrolyzers market is forecasted to grow by USD 94.9 mn during 2023-2028, accelerating at a CAGR of 5.65% during the forecast period. The report on the hydrogen electrolyzers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by integration of renewables with hydrogen electrolyzers, growing adoption of fuel cell-powered vehicles, and rising demand for hydrogen electrolyzers from industrial sector.

Technavio's hydrogen electrolyzers market is segmented as below:

By Capacity

• 500 kW - 2 MW
• Less than 500 kW
• Above 2 MW

By Type

• Alkaline electrolyzers
• PEM electrolyzers

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the increasing strategic partnerships for clean hydrogen generation as one of the prime reasons driving the hydrogen electrolyzers market growth during the next few years. Also, growing focus on using clean hydrogen in refineries and rising usage of fuel cells in stationary power sector will lead to sizable demand in the market.

The report on the hydrogen electrolyzers market covers the following areas:

• Hydrogen electrolyzers market sizing
• Hydrogen electrolyzers market forecast
• Hydrogen electrolyzers market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrogen electrolyzers market vendors that include Asahi Kasei Corp., Cockerill JingLi Hydrogen, Cummins Inc., ELTRA GmbH, Enapter S.r.l., Frames Energy Systems BV, Gaztransport and Technigaz SA, Giner Inc., Hitachi Zosen Corp., Idroenergy Spa, ITM Power PLC, Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Siemens AG, SwissHydrogen SA, Teledyne Technologies Inc., TianJin Mainland Hydrogen Equipment, and Yangzhou Zhongdian hydrogen production. Also, the hydrogen electrolyzers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.