Global Electrolyzer Market Growth 2025-2031

Global Electrolyzer Market Growth 2025-2031

The global Electrolyzer market size is predicted to grow from US$ 301 million in 2025 to US$ 867 million in 2031; it is expected to grow at a CAGR of 19.3% from 2025 to 2031.

Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.

Global core Electrolyzer manufacturers include 718th Research Institute of CSIC, Proton On-Site etc.The top 3 companies hold a share about 35%.Asia Pacific is the largest market, with a share about 45%, followed by Europe and North America with the share about 30% and 15%.

LP Information, Inc. (LPI) ' newest research report, the “Electrolyzer Industry Forecast” looks at past sales and reviews total world Electrolyzer sales in 2024, providing a comprehensive analysis by region and market sector of projected Electrolyzer sales for 2025 through 2031. With Electrolyzer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Electrolyzer industry.

This Insight Report provides a comprehensive analysis of the global Electrolyzer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Electrolyzer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Electrolyzer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Electrolyzer and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electrolyzer.

This report presents a comprehensive overview, market shares, and growth opportunities of Electrolyzer market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Traditional Alkaline Electroliser
PEM Electroliser

Segmentation by Application:
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Cummins
Teledyne Energy Systems
Suzhou Jingli
McPhy
TianJin Mainland
Siemens
Nel Hydrogen
Toshiba
Yangzhou Chungdean Hydrogen Equipment
Elogen
ITM Power
Idroenergy Spa
Erredue SpA
Kobelco Eco-Solutions
ShaanXi HuaQin
EM Solution
Beijing Zhongdian
H2B2
Elchemtech
Verde LLC
Shandong Saksay Hydrogen Energy
Asahi Kasei
ELB Elektrolyse technik GmbH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Electrolyzer market?

What factors are driving Electrolyzer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Electrolyzer market opportunities vary by end market size?

How does Electrolyzer break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.