Small Capacity Electrolyzer Market Size By Electrolyzer Product (Alkaline, PEM, Solid Oxide), By Capacity, By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock) & Forecast, 2023 - 2032

Small Capacity Electrolyzer Market Size By Electrolyzer Product (Alkaline, PEM, Solid Oxide), By Capacity, By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock) & Forecast, 2023 - 2032


Global Small Capacity Electrolyzer Market is projected to depict remarkable growth during 2023-2032, attributed to the ongoing advancements in dependable and modern technological energy solutions. In addition, growing electricity demand and an increased emphasis on utilizing other power source options will also encourage product adoption in the upcoming years.

Increasing public-private initiatives, in line with several funding programs focusing on green hydrogen generation technologies, will favor product adoption and positively alter the business dynamics. For instance, in September 2022, Bloom Energy announced its plan to install a 240kW electrolyzer at Xcel Energy's Prairie Island Nuclear Generating Plant in the U.S. Likewise, increasing demand for clean energy supply in developed nations could transform the small capacity electrolyzer market dynamics.

Key participants in this industry are focusing on forming technical strategic partnerships to innovate their existing product line and improve their consumer base. For instance, in August 2022, Verdagy, a producer of scaling electrolyzers, launched a commercial electrolyzer range providing low-cost green hydrogen at scale. The eDynamic module is a 500-kW module inaugurated at Moss landing pilot plant.

The small capacity electrolyzer market is segregated based on product, capacity, application, and region.

Based on the product, the solid oxide electrolyzers market size is anticipated to reach over 7,700 kW by 2032. The segment growth can be attributed to ongoing R&D programs in the field, which will create more opportunities and potential for the business. Additionally, increasing investments in response to extreme climatic conditions and the rising need for clean fuels for power generation will drive product demand.

The small capacity electrolyzer market share from the power generation segment reached over 2,400 kW in 2022. The consistent efforts taken by various government organizations to use low-emission fuels, combined with mandates to reduce overall emissions levels in the industry, are expected to improve product outlook. As hydrogen as a fuel provides useful and cost-effective solutions in all application categories, the utilization of hydrogen for power generation will rise drastically in the coming years.

Regionally, the Asia Pacific small capacity electrolyzer market surpassed 1,750 kW in 2022, owing to strategic partnerships among major players to establish an enormous manufacturing base and high spending on product development. For instance, in October 2021, Plug Power, Inc. entered a joint venture with South Korea-based SK Group to accelerate the expansion of green hydrogen in the Asia market. With this, the two companies aim to develop fuel cell systems, boosting stations, green hydrogen, and electrolyzer use.


Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Secondary
1.4.1.1 Paid sources
1.4.1.2 Unpaid sources
1.4.2 Primary
Chapter 2 Executive Summary
2.1 Small capacity electrolyzer industry 360 degree synopsis, 2019 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Capacity trends
2.1.4 Application trends
2.1.5 Regional trends
Chapter 3 Small Capacity Electrolyzer Industry Insights
3.1 Industry ecosystem analysis
3.1.1 Vendor matrix
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.1.1 Favorable regulatory framework
3.3.1.2 Rapid technological advancements with new research & development initiatives
3.3.1.3 Roll out of hydrogen production targets
3.3.2 Industry pitfalls & challenges
3.3.2.1 Prevalence of conventional hydrogen production methods
3.3.2.2 Lack of infrastructure
3.4 Growth potential analysis
3.5 Porter's Analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL Analysis
Chapter 4 Competitive Benchmarking
4.1 Innovation & sustainability landscape
4.2 Competitive landscape, 2022
4.2.1 Strategic dashboard
Chapter 5 Small Capacity Electrolyzer Market, By Product
5.1 Key product trends
5.2 Alkaline
5.3 PEM
5.4 Solid oxide
5.5 Others
Chapter 6 Small Capacity Electrolyzer Market, By Capacity
6.1 Key capacity trends
6.2 ≤ 100 kW
6.3 > 100 kW - 300 kW
6.4 > 300 kW - 500 kW
Chapter 7 Small Capacity Electrolyzer Market, By Application
7.1 Key application trends
7.2 Power generation
7.3 Transportation
7.4 Industry energy
7.5 Industry feedstock
7.6 Others
Chapter 8 Small Capacity Electrolyzer Market, By Region
8.1 Key regional trends
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Italy
8.3.5 Netherlands
8.3.6 Denmark
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Australia
Chapter 9 Company Profiles
9.1 Bloom Energy
9.2 Giner Inc.
9.3 ostermeier H2ydrogen Solutions GmbH
9.4 Plug power Inc.
9.5 McPhy Energy S.A.
9.6 ITM Power PLC
9.7 Green Hydrogen Systems
9.8 Enapter S.r.l
9.9 Sunfire GmbH
9.10 LARSEN & TOUBRO LIMITED
9.11 H2e Power

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