Global Megawatt-Class PEM Electrolyzer Market Growth 2025-2031

The global Megawatt-Class PEM Electrolyzer market size is predicted to grow from US$ 201 million in 2025 to US$ 1810 million in 2031; it is expected to grow at a CAGR of 44.3% from 2025 to 2031.

A megawatt-class PEM (Proton Exchange Membrane) electrolyzer is a large - scale device used for water electrolysis to produce hydrogen and oxygen. It is capable of operating at a power level of megawatts (MW), typically with a hydrogen production capacity in a significant amount due to its high - power operation.

United States market for Megawatt-Class PEM Electrolyzer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Megawatt-Class PEM Electrolyzer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Megawatt-Class PEM Electrolyzer is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Megawatt-Class PEM Electrolyzer players cover NEL Hydrogen, Cummins, Siemens, ITM Power, Shandong Saksay Hydrogen Energy, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

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

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

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Megawatt-Class PEM 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 Megawatt-Class PEM Electrolyzer.

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

Segmentation by Type:
<3MW
3-5MW
>5MW

Segmentation by Application:
Hydrogen Station
Petrochemicals
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.
NEL Hydrogen
Cummins
Siemens
ITM Power
Shandong Saksay Hydrogen Energy
Elogen
Quest One
Elchemtech
Plug Power Inc.
GreenH Electrolysis
Changchun Lvdong Hydrogen Energy Technology
Sunshine Hydrogen Technology
BriHyNergy

Key Questions Addressed in this Report

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

What factors are driving Megawatt-Class PEM Electrolyzer market growth, globally and by region?

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

How do Megawatt-Class PEM Electrolyzer market opportunities vary by end market size?

How does Megawatt-Class PEM Electrolyzer break out by Type, by Application?

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