Electrolyzers Market by Technology (Alkaline Electrolyzer, Proton Exchange Membrane, Solid Oxide Electrolyzer, Anion Exchange Membrane), Application (Energy, Mobility, Industrial, Grid Injection), Power Rating and Region - Global Forecast to 2030

Electrolyzers Market by Technology (Alkaline Electrolyzer, Proton Exchange Membrane, Solid Oxide Electrolyzer, Anion Exchange Membrane), Application (Energy, Mobility, Industrial, Grid Injection), Power Rating and Region - Global Forecast to 2030

The Electrolyzers market is expected to grow from an estimated in USD 3.75 billion in 2024 to USD 78.01 billion by 2030, at a CAGR of 65.9% during the forecast period. The global electrolyzer market is currently growing, and it is increasingly being driven by the demand for green hydrogen as a key enabler of decarbonization across industries. Governments and companies around the world are investing heavily in renewable energy and hydrogen technologies to meet ambitious net-zero carbon targets. Advancement in electrolyzer efficiency, as well as declining costs of renewable energy sources such as solar and wind, are further driving its adoption. These strategic initiatives involving subsidies, incentives, and research funding are prompting large-scale deployment, mainly in transportation, energy storage, and industrial manufacturing. The development of public-private sector collaborations is also helping to foster innovation and an expansion of the global footprint for electrolyzers.

“<500 KW market by technology, is expected to be the fastest growing segment from 2024 to 2030.”

The <500 KW segment is the fastest-growing market segment in electrolyzers by power rating due to its versatility and aptness for decentralized and small-scale hydrogen production. These systems are being widely used in hydrogen refueling stations, industrial processes, and residential energy storage. Due to their compact size, lower front-end costs, and easy installation, they are more suitable for regions focusing on localized green hydrogen production. The segment is also witnessing growth due to the increasing demand for on-site hydrogen generation in renewable energy integration and mobility solutions, especially in regions with limited access to large-scale hydrogen infrastructure.

“Anion Exchange Membrane Electrolyzer, by technology, is expected to be the fastest-growing market from 2024 to 2030”

The AEM electrolyzer segment is growing at the highest rate by technology type, because of its cost-effectiveness and the ability to operate without requiring expensive materials such as platinum or iridium. AEM-based electrolyzers use non-precious catalysts, which is a huge attraction for lowering the production costs of hydrogen in the overall chains. They share the advantages of both alkaline and PEM technologies, with respect to their efficiency in compact designs. Additionally, their compatibility for producing hydrogen on-site using renewable energy sources increases their adoption as industries and governments request sustainable and affordable means of producing green hydrogen.

“Asia Pacific having highest CAGR for the forecasted period in Electrolyzers market.”

Asia Pacific is the fastest-growing region in the electrolyzer market due to strong government initiatives and investments in green hydrogen to meet energy transition goals and carbon neutrality targets. Countries like China, Japan, South Korea, and India are also at the forefront of hydrogen adoption, which is driven by robust industrial demand, renewable integration, and decarbonization strategies. Furthermore, significant growth is initiated due to the region's large manufacturing base, low-cost production capabilities, and supportive policies in terms of subsidies and incentives for clean energy projects. In addition, the rapid increase in hydrogen infrastructure projects along with partnerships worldwide makes Asia Pacific a prime market for further expansion of electrolyzers.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the ELECTROLYZER market.

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%

By Designation: C-level Executives - 33%, Director Level- 24%, and Others- 43%

By Region: North America – 25%, Europe – 25%, Asia Pacific – 30%, RoW-20%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3:

The Electrolyzer market is dominated by a few major players that have a wide regional presence. Some of the major players in the electrolyzer market Siemens Energy (Germany), Nel ASA (Norway), thyssenkrupp nucera (Germany), John Cockerill (Belgium), and Plug Power Inc. (US), among others. The major strategy adopted by the players includes new product launches, joint ventures, acquisitions, and expansions.

Research Coverage:

The report defines, describes, and forecasts the electrolyzer market by mounting type, voltage range, type, application, verticals, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the electrolyzer market. Competitive analysis of upcoming startups in the electrolyzer market ecosystem is covered in this report.

Reasons to buy this report:

Reasons to buy this report The report will help the market leaders/new entrants electrolyzer market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Favorable government initiatives and policies supporting green hydrogen production, Substantial growing demand for clean and renewable energies to align with net zero emission goals), restraints (Limited availability of platinum group metals (PGMs), Intermittency of renewable energy sources), opportunities (Declining cost of renewable energy sources, Increasing Adoption of Green Hydrogen in Transport Application), and challenges (Lack of infrastructure to bolster hydrogen markets)

Product Development/ Innovation: The electrolyzer market is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved electrolyzer technology to manufacture advanced electrolyzer technologies.

Market Development: In November 2023, Siemens Energy and Air Liquide inaugurated a new gigawatt electrolyzer factory in Berlin. The establishment of the new factory by Siemens Energy is turning electrolyzers into a widely produced item, setting the groundwork for the expansion of the hydrogen economy. To transform hydrogen into a pivotal element for a climate-neutral future, it must be accessible in substantial volumes and at competitive prices.

Market Diversification: In December 2023, John Cockerill has entered the North American market with the groundbreaking of its first alkaline electrolyzer gigafactory in Baytown, Texas. The event was attended by Belgian Prime Minister Alexander De Croo, John Cockerill CEO François Michel, and President Americas Nicolas de Coignac, marking a significant milestone in the company’s US energy sector expansion.

Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the electrolyzer market, including Siemens Energy (Germany), Nel ASA (Norway), thyssenkrupp nucera (Germany), John Cockerill (Belgium), Plug Power Inc. (US), among others.

Tables List

Table 1 Electrolyzers Market: Snapshot

Table 2 Role Of Players In Electrolyzers Ecosystem

Table 3 Characteristics Of Alkaline Electrolyzers

Table 4 Characteristics Of Proton Exchange Membranes

Table 5 Characteristics Of Anion Exchange Membrane Electrolyzers

Table 6 Characteristics Of Solid Oxide Electrolyzers

Table 7 List Of Major Patents, 2020–2024

Table 8 North America: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 9 Europe: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 10 Asia Pacific: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 11 Row: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 12 List Of Key Conferences And Events, 2024–2025

Table 13 Export Data For Hs Code 280410-compliant Products, By Country, 2021–2023 (Usd Thousand)

Table 14 Import Data For Hs Code 280410-compliant Products, By Country, 2021–2023 (Usd Thousand)

Table 15 Average Selling Price Trend Of Electrolyzers, By Technology, 2020–2023 (Usd/Kw)

Table 16 Cost Analysis Of Pem Components, By Region/Country, 2023 (Usd/Kw)

Table 17 Electrolyzers Market: Porter's Five Forces Analysis

Table 18 Influence Of Stakeholders On Buying Process For Top Three Applications (%)

Table 19 Key Buying Criteria For Top Three Applications

Table 20 Major Hydrogen Island Projects

Table 21 Electrolyzers Market, By Power Rating, 2020–2023 (Usd Million)

Table 22 Electrolyzers Market, By Power Rating, 2024–2030 (Usd Million)

Table 23 <500 Kw: Electrolyzers, By Region, 2020–2023 (Usd Million)

Table 24 <500 Kw: Electrolyzers, By Region, 2024–2030 (Usd Million)

Table 25 500–2,000 Kw: Electrolyzers, By Region, 2020–2023 (Usd Million)

Table 26 500–2,000 Kw: Electrolyzers, By Region, 2024–2030 (Usd Million)

Table 27 >2,000 Kw: Electrolyzers, By Region, 2020–2023 (Usd Million)

Table 28 >2,000 Kw: Electrolyzers, By Region, 2024–2030 (Usd Million)

Table 29 Electrolyzers Market, By Application, 2020–2023 (Kw)

Table 30 Electrolyzers Market, By Application, 2024–2030 (Kw)

Table 31 Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 32 Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 33 Energy: Electrolyzers Market, By Region, 2020–2023 (Kw)

Table 34 Energy: Electrolyzers Market, By Region, 2024–2030 (Kw)

Table 35 Energy: Electrolyzers Market, By Region, 2020–2023 (Usd Million)

Table 36 Energy: Electrolyzers Market, By Region, 2024–2030 (Usd Million)

Table 37 Energy: Electrolyzers Market, By Type, 2020–2023 (Kw)

Table 38 Energy: Electrolyzers Market, By Type, 2024–2030 (Kw)

Table 39 Energy: Electrolyzers Market, By Type, 2020–2023 (Usd Million)

Table 40 Energy: Electrolyzers Market, By Type, 2024–2030 (Usd Million)

Table 41 Mobility: Electrolyzers Market, By Region, 2020–2023 (Kw)

Table 42 Mobility: Electrolyzers Market, By Region, 2024–2030 (Kw)

Table 43 Mobility: Electrolyzers Market, By Region, 2020–2023 (Usd Million)

Table 44 Mobility: Electrolyzers Market, By Region, 2024–2030 (Usd Million)

Table 45 Industrial: Electrolyzers Market, By Region, 2020–2023 (Kw)

Table 46 Industrial: Electrolyzers Market, By Region, 2024–2030 (Kw)

Table 47 Industrial: Electrolyzers Market, By Region, 2020–2023 (Usd Million)

Table 48 Industrial: Electrolyzers Market, By Region, 2024–2030 (Usd Million)

Table 49 Industrial: Electrolyzers Market, By Type, 2020–2023 (Kw)

Table 50 Industrial: Electrolyzers Market, By Type, 2024–2030 (Kw)

Table 51 Industrial: Electrolyzers Market, By Type, 2020–2023 (Usd Million)

Table 52 Industrial: Electrolyzers Market, By Type, 2024–2030 (Usd Million)

Table 53 Grid Injection: Electrolyzers Market, By Region, 2020–2023 (Kw)

Table 54 Grid Injection: Electrolyzers Market, By Region, 2024–2030 (Kw)

Table 55 Grid Injection: Electrolyzers Market, By Region,

2020–2023 (Usd Million)

Table 56 Grid Injection: Electrolyzers Market, By Region,

2024–2030 (Usd Million)

Table 57 Electrolyzers Market, By Technology, 2020–2023 (Kw)

Table 58 Electrolyzers Market, By Technology, 2024–2030 (Kw)

Table 59 Electrolyzers Market, By Technology, 2020–2023 (Usd Million)

Table 60 Electrolyzers Market, By Technology, 2024–2030 (Usd Million)

Table 61 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2020–2023 (Kw)

Table 62 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2024–2030 (Kw)

Table 63 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2020–2023 (Usd Million)

Table 64 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2024–2030 (Usd Million)

Table 65 Proton Exchange Membrane: Electrolyzers Market, By Region,

2020–2023 (Kw)

Table 66 Proton Exchange Membrane: Electrolyzers Market, By Region,

2024–2030 (Kw)

Table 67 Proton Exchange Membrane: Electrolyzers Market, By Region,

2020–2023 (Usd Million)

Table 68 Proton Exchange Membrane: Electrolyzers Market, By Region,

2024–2030 (Usd Million)

Table 69 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2020–2023 (Kw)

Table 70 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2024–2030 (Kw)

Table 71 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2020–2023 (Usd Million)

Table 72 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2024–2030 (Usd Million)

Table 73 Anion Exchange Membrane: Electrolyzers Market, By Region,

2020–2023 (Kw)

Table 74 Anion Exchange Membrane: Electrolyzers Market, By Region,

2024–2030 (Kw)

Table 75 Anion Exchange Membrane: Electrolyzers Market, By Region,

2020–2023 (Usd Million)

Table 76 Anion Exchange Membrane: Electrolyzers Market, By Region,

2024–2030 (Usd Million)

Table 77 Electrolyzers Market, By Region, 2020–2023 (Kw)

Table 78 Electrolyzers Market, By Region, 2024–2030 (Kw)

Table 79 Electrolyzers Market, By Region, 2020–2023 (Usd Million)

Table 80 Electrolyzers Market, By Region, 2024–2030 (Usd Million)

Table 81 Asia Pacific: Electrolyzers Market, By Technology, 2020–2023 (Kw)

Table 82 Asia Pacific: Electrolyzers Market, By Technology, 2024–2030 (Kw)

Table 83 Asia Pacific: Electrolyzers Market, By Technology,

2020–2023 (Usd Million)

Table 84 Asia Pacific: Electrolyzers Market, By Technology,

2024–2030 (Usd Million)

Table 85 Asia Pacific: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 86 Asia Pacific: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 87 Asia Pacific: Electrolyzers Market, By Application, 2020–2023 (Kw)

Table 88 Asia Pacific: Electrolyzers Market, By Application, 2024–2030 (Kw)

Table 89 Asia Pacific: Electrolyzers Market, By Power Rating,

2020–2023 (Usd Million)

Table 90 Asia Pacific: Electrolyzers Market, By Power Rating,

2024–2030 (Usd Million)

Table 91 Asia Pacific: Electrolyzers Market, By Country, 2020–2023 (Kw)

Table 92 Asia Pacific: Electrolyzers Market, By Country, 2024–2030 (Kw)

Table 93 Asia Pacific: Electrolyzers Market, By Country,

2020–2023 (Usd Million)

Table 94 Asia Pacific: Electrolyzers Market, By Country,

2024–2030 (Usd Million)

Table 95 China: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 96 China: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 97 Japan: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 98 Japan: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 99 Australia: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 100 Australia: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 101 India: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 102 India: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 103 Rest Of Asia Pacific: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 104 Rest Of Asia Pacific: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 105 Europe: Electrolyzers Market, By Technology, 2020–2023 (Kw)

Table 106 Europe: Electrolyzers Market, By Technology, 2024–2030 (Kw)

Table 107 Europe: Electrolyzers Market, By Technology, 2020–2023 (Usd Million)

Table 108 Europe: Electrolyzers Market, By Technology, 2024–2030 (Usd Million)

Table 109 Europe: Electrolyzers Market, By Application, 2020–2023 (Kw)

Table 110 Europe: Electrolyzers Market, By Application, 2024–2030 (Kw)

Table 111 Europe: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 112 Europe: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 113 Europe: Electrolyzers Market, By Power Rating,

2020–2023 (Usd Million)

Table 114 Europe: Electrolyzers Market, By Power Rating,

2024–2030 (Usd Million)

Table 115 Europe: Electrolyzers Market, By Country, 2020–2023 (Kw)

Table 116 Europe: Electrolyzers Market, By Country, 2024–2030 (Kw)

Table 117 Europe: Electrolyzers Market, By Country, 2020–2023 (Usd Million)

Table 118 Europe: Electrolyzers Market, By Country, 2024–2030 (Usd Million)

Table 119 Germany: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 120 Germany: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 121 Uk: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 122 Uk: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 123 France: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 124 France: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 125 Denmark: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 126 Denmark: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 127 Austria: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 128 Austria: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 129 Netherlands: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 130 Netherlands: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 131 Norway: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 132 Norway: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 133 Rest Of Europe: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 134 Rest Of Europe: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 135 North America: Electrolyzers Market, By Technology, 2020–2023 (Kw)

Table 136 North America: Electrolyzers Market, By Technology, 2024–2030 (Kw)

Table 137 North America: Electrolyzers Market, By Technology,

2020–2023 (Usd Million)

Table 138 North America: Electrolyzers Market, By Technology,

2024–2030 (Usd Million)

Table 139 North America: Electrolyzers Market, By Application, 2020–2023 (Kw)

Table 140 North America: Electrolyzers Market, By Application, 2024–2030 (Kw)

Table 141 North America: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 142 North America: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 143 North America: Electrolyzers Market, By Power Rating,

2020–2023 (Usd Million)

Table 144 North America: Electrolyzers Market, By Power Rating,

2024–2030 (Usd Million)

Table 145 North America: Electrolyzers Market, By Country, 2020–2023 (Kw)

Table 146 North America: Electrolyzers Market, By Country, 2024–2030 (Kw)

Table 147 North America: Electrolyzers Market, By Country,

2020–2023 (Usd Million)

Table 148 North America: Electrolyzers Market, By Country,

2024–2030 (Usd Million)

Table 149 Us: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 150 Us: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 151 Canada: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 152 Canada: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 153 Row: Electrolyzers Market, By Technology, 2020–2023 (Kw)

Table 154 Row: Electrolyzers Market, By Technology, 2024–2030 (Kw)

Table 155 Row: Electrolyzers Market, By Technology, 2020–2023 (Usd Million)

Table 156 Row: Electrolyzers Market, By Technology, 2024–2030 (Usd Million)

Table 157 Row: Electrolyzers Market, By Application, 2020–2023 (Kw)

Table 158 Row: Electrolyzers Market, By Application, 2024–2030 (Kw)

Table 159 Row: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 160 Row: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 161 Row: Electrolyzers Market, By Power Rating, 2020–2023 (Usd Million)

Table 162 Row: Electrolyzers Market, By Power Rating, 2024–2030 (Usd Million)

Table 163 Row: Electrolyzers Market, By Country, 2020–2023 (Kw)

Table 164 Row: Electrolyzers Market, By Country, 2024–2030 (Kw)

Table 165 Gcc: Electrolyzers Market, By Country, 2020–2023 (Kw)

Table 166 Gcc: Electrolyzers Market, By Country, 2024–2030 (Kw)

Table 167 Row: Electrolyzers Market, By Country, 2020–2023 (Usd Million)

Table 168 Row: Electrolyzers Market, By Country, 2024–2030 (Usd Million)

Table 169 Gcc: Electrolyzers Market, By Country, 2020–2023 (Usd Million)

Table 170 Gcc: Electrolyzers Market, By Country, 2024–2030 (Million)

Table 171 Egypt: Electrolyzers Market, By Application, 2020–2023 (Usd Million)

Table 172 Egypt: Electrolyzers Market, By Application, 2024–2030 (Usd Million)

Table 173 Saudi Arabia: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 174 Saudi Arabia: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 175 Other Gcc Countries: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 176 Other Gcc Countries: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 177 Other Countries: Electrolyzers Market, By Application,

2020–2023 (Usd Million)

Table 178 Other Countries: Electrolyzers Market, By Application,

2024–2030 (Usd Million)

Table 179 Electrolyzers Market: Overview Of Strategies Adopted By Key Players, 2020–2024

Table 180 Electrolyzers Market: Degree Of Competition, 2023

Table 181 Market Evaluation Framework, 2020–2024

Table 182 Electrolyzers Market: Region Footprint

Table 183 Electrolyzers Market: Technology Footprint

Table 184 Electrolyzers Market: Application Footprint

Table 185 Electrolyzers Market: Power Rating Footprint

Table 186 Electrolyzers Market: Detailed List Of Key Startups/Smes

Table 187 Electrolyzers Market: Competitive Benchmarking Of Key Startups/Smes

Table 188 Electrolyzers Market: Product Launches,

January 2020–november 2024

Table 189 Electrolyzers Market: Deals, January 2020–november 2024

Table 190 Electrolyzers Market: Expansions, January 2020–november 2024

Table 191 Electrolyzers Market: Other Developments,

January 2020–november 2024

Table 192 Thyssenkrupp Nucera: Company Overview

Table 193 Thyssenkrupp Nucera: Products/Solutions/Services Offered

Table 194 Thyssenkrupp Nucera: Deals

Table 195 Thyssenkrupp Nucera: Expansions

Table 196 Thyssenkrupp Nucera: Other Developments

Table 197 John Cockerill: Company Overview

Table 198 John Cockerill: Products/Solutions/Services Offered

Table 199 John Cockerill: Deals

Table 200 John Cockerill: Expansions

Table 201 John Cockerill: Other Developments

Table 203 Nel Asa: Products/Solutions/Services Offered

Table 204 Nel Asa: Product Launches

Table 205 Nel Asa: Deals

Table 206 Nel Asa: Expansions

Table 207 Nel Asa: Other Developments

Table 208 Siemens Energy: Company Overview

Table 209 Siemens Energy: Products/Solutions/Services Offered

Table 210 Siemens Energy: Deals

Table 211 Siemens Energy: Expansions

Table 212 Siemens Energy: Other Developments

Table 213 Plug Power Inc.: Company Overview

Table 214 Plug Power Inc.: Products/Solutions/Services Offered

Table 215 Plug Power Inc.: Deals

Table 216 Plug Power Inc.: Expansions

Table 217 Plug Power Inc.: Other Developments

Table 218 Enapter S.R.L.: Company Overview

Table 219 Enapter S.R.L.: Products/Solutions/Services Offered

Table 220 Enapter S.R.L.: Product Launches

Table 221 Enapter S.R.L.: Deals

Table 222 Enapter S.R.L.: Expansions

Table 223 Enapter S.R.L.: Other Developments

Table 224 Cummins Inc.: Company Overview

Table 225 Cummins Inc.: Products/Solutions/Services Offered

Table 226 Cummins Inc.: Deals

Table 227 Cummins Inc.: Expansions

Table 228 Cummins Inc.: Other Developments

Table 229 Itm Power Plc: Company Overview

Table 230 Itm Power Plc: Products/Solutions/Services Offered

Table 231 Itm Power Plc: Deals

Table 232 Itm Power Plc: Expansions

Table 233 Itm Power Plc: Other Developments

Table 234 Mcphy Energy S.A.: Company Overview

Table 235 Mcphy Energy S.A.: Products/Solutions/Services Offered

Table 236 Mcphy Energy S.A.: Deals

Table 237 Mcphy Energy S.A.: Other Developments

Table 238 Longi: Company Overview

Table 239 Longi: Products/Solutions/Services Offered

Table 240 Longi: Product Launches

Table 241 Longi: Deals

Table 242 Longi: Expansions

Table 243 Longi: Other Developments

Table 244 Sunfire Gmbh: Company Overview

Table 245 Sunfire Gmbh: Products/Solutions/Services Offered

Table 246 Sunfire Gmbh: Deals

Table 247 Sunfire Gmbh: Expansions

Table 248 Sunfire Gmbh: Other Developments

Table 249 Bloom Energy: Company Overview

Table 250 Bloom Energy: Products/Solutions/Services Offered

Table 251 Bloom Energy: Deals

Table 252 Bloom Energy: Expansions

Table 253 Bloom Energy: Other Developments

Table 254 Beijing Sinohy Energy Co., Ltd.: Company Overview

Table 255 Beijing Sinohy Energy Co., Ltd.: Products/Solutions/Services Offered

Table 256 Beijing Sinohy Energy Co., Ltd.: Deals

Table 257 Beijing Sinohy Energy Co., Ltd.: Other Developments

Table 258 Asahi Kasei Corporation: Company Overview

Table 259 Asahi Kasei Corporation: Products/Solutions/Services Offered

Table 260 Asahi Kasei Corporation: Deals

Table 261 Asahi Kasei Corporation: Expansions

Table 262 Asahi Kasei Corporation: Other Developments

Table 263 Next Hydrogen: Company Overview

Table 264 Next Hydrogen: Products/Solutions/Services Offered

Table 265 Next Hydrogen: Deals

Table 266 Next Hydrogen: Other Developments

Figures List

Figure 1 Electrolyzers Market Segmentation And Regional Scope

Figure 2 Electrolyzers Market: Research Design

Figure 3 Data Triangulation Methodology

Figure 4 Electrolyzers Market: Bottom-up Approach

Figure 5 Electrolyzers Market: Top-down Approach

Figure 6 Key Metrics Considered To Analyze Demand

For Electrolyzers (Demand Side)

Figure 7 Key Metrics Considered To Analyze Supply Of Electrolyzers

Figure 8 Electrolyzers Market: Supply Side Analysis

Figure 9 Europe Dominated Market In 2023

Figure 10 Alkaline Electrolyzer To Secure Largest Market Share In 2024

Figure 11 Mobility Segment To Account For Largest Market Share In 2024

Figure 12 >500 Kw Segment To Dominate Market In 2024

Figure 13 Growing Emphasis On Decarbonization And Adoption Of Hydrogen-based Economy To Drive Market During Forecast Period

Figure 14 Japan To Witness Significant Growth Rate During Forecast Period

Figure 15 Alkaline Electrolyzer To Dominate Market In 2030

Figure 16 Mobility Segment To Account For Largest Market Share In 2030

Figure 17 <500 Kw Segment To Capture Largest Market Share In 2030

Figure 18 >2,000 Kw Segment And Us Dominated Market In 2023

Figure 19 Drivers, Restraints, Opportunities, And Challenges

Figure 20 Trends/Disruptions Impacting Customer Business

Figure 21 Supply Chain Analysis

Figure 22 Electrolyzers Ecosystem

Figure 23 Patents Applied And Granted, 2013–2023

Figure 24 Export Data For Hs Code 280410-compliant Products, By Country, 2021–2023 (Usd Thousand)

Figure 25 Import Data For Hs Code 280410-compliant Products, By Country, 2021–2023 (Usd Thousand)

Figure 26 Average Selling Price Trend Of Electrolyzers, By Region, 2020–2023

Figure 27 Manufacturing Cost Analysis Of Pem Electrolyzers, 2023

Figure 28 Electrolyzers Market: Porter's Five Forces Analysis

Figure 29 Key Stakeholders In Buying Process For Top Three Applications

Figure 30 Key Buying Criteria For Top Three Applications

Figure 31 Impact Of Ai/Generative Ai, By Application

Figure 32 Investment And Funding Scenario

Figure 33 >2,000 Kw Segment Dominated Market In 2023

Figure 34 Mobility Segment Held Largest Market Share In 2023

Figure 35 Alkaline Electrolyzer Held Largest Market Share In 2023

Figure 36 Europe Accounted For Largest Market Share In 2023

Figure 37 Asia Pacific: Electrolyzers Market Snapshot

Figure 38 Europe: Electrolyzers Market Snapshot

Figure 39 Market Share Analysis Of Companies Offering Electrolyzers, 2023

Figure 40 Electrolyzers Market: Revenue Analysis Of

Five Key Players, 2019–2023

Figure 41 Electrolyzers Market: Brand/Product Comparison

Figure 42 Company Evaluation, 2024

Figure 43 Financial Metrics (Ev/Ebitda), 2024

Figure 44 Electrolyzers Market: Company Evaluation Matrix (Key Players), 2023

Figure 45 Electrolyzers Market: Overall Product Footprint

Figure 46 Electrolyzers Market: Market Footprint

Figure 47 Electrolyzers Market: Startups/Smes Evaluation Matrix, 2023

Figure 48 Thyssenkrupp Nucera: Company Snapshot

Figure 49 Nel Asa: Company Snapshot

Figure 50 Siemens Energy: Company Snapshot

Figure 51 Plug Power Inc.: Company Snapshot

Figure 52 Enapter S.R.L.: Company Snapshot

Figure 53 Cummins Inc.: Company Snapshot

Figure 54 Itm Power Plc: Company Snapshot

Figure 55 Mcphy Energy S.A.: Company Snapshot

Figure 56 Longi: Company Snapshot

Figure 57 Bloom Energy: Company Snapshot

Figure 58 Asahi Kasei Corporation: Company Snapshot

Figure 59 Next Hydrogen: Company Snapshot