Global Hydrogen Electrolyzer Market Growth 2025-2031

The global Hydrogen Electrolyzer market size is predicted to grow from US$ 1596 million in 2025 to US$ 19880 million in 2031; it is expected to grow at a CAGR of 52.3% 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 key players of Hydrogen Electrolyzer include Nel Hydrogen, Siemens, Plug Power, PERIC Hydrogen Technologies, Hydrogen Pro, etc. The top five players hold a share about 49%. Asia Pacific is the largest market, and has a share about 46%, followed by Europe and North America with share 27% and 22%, separately. In terms of product type, Alkaline Electrolyzer is the largest segment, accounting for a share of 54%. In terms of application, Power to Gas has a share about 36 percent.

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

This Insight Report provides a comprehensive analysis of the global Hydrogen 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 Hydrogen Electrolyzer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen Electrolyzer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen 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 Hydrogen Electrolyzer.

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

Segmentation by Type:

PEM Electrolyzer

Alkaline Electrolyzer

Others

Segmentation by Application:

Power to Gas

Chemical Industry and Refining

Metallurgy and Steel Industry

Hydrogen Refueling Station

Power Industry

Electronics and Semiconductor

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.

PERIC Hydrogen Technologies

Nel Hydrogen

Longi Green Energy Technology

Sungrow Power Supply

Hydrogen Pro

Plug Power

Siemens

Cockerill Jingli Hydrogen

ThyssenKrupp

Sunfire

McPhy

SANY Hydrogen

TianJin Mainland

Beijing Zhongdian

Cummins

CIMC GH2 Technology

ShaanXi HuaQin

Verde Hydrogen

SPIC Hydrogen Technology

Teledyne Energy Systems

EM Solution

H2B2

Shandong Saikesaisi Hydrogen Energy

China NewGas Energy Technology

Elogen

CPU Hydrogen Power

Kobelco Eco-Solutions

Toshiba

Elchemtech

ITM Power

Ohmium

Key Questions Addressed in this Report

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

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

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

How do Hydrogen Electrolyzer market opportunities vary by end market size?

How does Hydrogen Electrolyzer break out by Type, by Application?

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