Electrolyzer Market (Product Type: Proton Exchange Membrane, Alkaline Water Electrolysis, Solid Oxide Electrolyte) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Electrolyzer Market (Product Type: Proton Exchange Membrane, Alkaline Water Electrolysis, Solid Oxide Electrolyte) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031


Electrolyzer Market – Scope of Report

TMR’s report on the global electrolyzer market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global electrolyzer market for the period 2017–2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global electrolyzer market from 2023 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the electrolyzer market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global electrolyzer market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global electrolyzer market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global electrolyzer market.

The report delves into the competitive landscape of the global electrolyzer market. Key players operating in the global electrolyzer market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global electrolyzer market profiled in this report.

Key Questions Answered in Global Electrolyzer Market Report
  • What is the sales/revenue generated by electrolyzer across all regions during the forecast period?
  • What are the opportunities in the global electrolyzer market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?
Electrolyzer Market – Research Objectives and Research Approach

The comprehensive report on the global electrolyzer market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global electrolyzer market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global electrolyzer market.


1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Market Indicators
5.3. Key Trend Analysis
5.3.1. Supplier Side
5.3.2. Demand Side
5.4. Industry SWOT Analysis
5.5. Porter’s Five Forces Analysis
5.6. Value Chain Analysis
5.7. COVID-19 Impact Analysis
5.8. Regulatory Framework
5.9. Technological Overview
5.10. Key Supplier Analysis
5.11. Global Electrolyzer Market Analysis and Forecast, 2017 - 2031
5.11.1. Market Value Projection (US$ Bn)
5.11.2. Market Volume Projection (Thousand Units)
6. Global Electrolyzer Market Analysis and Forecast, by Product Type
6.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
6.1.1. Proton Exchange Membrane (PEM)
6.1.2. Alkaline Water Electrolysis
6.1.3. Solid Oxide Electrolyte (SOE)
6.2. Incremental Opportunity, by Product Type
7. Global Electrolyzer Market Analysis and Forecast, by Production
7.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
7.1.1. Below 500 Nm³/h
7.1.2. 500-2000 Nm³/h
7.1.3. 200-4000 Nm³/h
7.1.4. Above 4000 Nm³/h
7.2. Incremental Opportunity, by Production
8. Global Electrolyzer Market Analysis and Forecast, by Input Power
8.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
8.1.1. Below 2 kW
8.1.2. 2 kW – 5 kW
8.1.3. Above 5 kW
8.2. Incremental Opportunity, by Input Power
9. Global Electrolyzer Market Analysis and Forecast, by Application
9.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
9.1.1. Energy Engineering
9.1.2. Natural Gas
9.1.3. Anion Exchange Membrane
9.1.4. Others
9.2. Incremental Opportunity, by Application
10. Global Electrolyzer Market Analysis and Forecast, by End-use
10.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
10.1.1. Oil & Gas
10.1.2. Electronics & Semiconductor
10.1.3. Chemical
10.1.4. Power Plants
10.1.5. Steel Plants
10.1.6. Transportation
10.1.7. Pharmaceuticals
10.1.8. Others
10.2. Incremental Opportunity, by End-use
11. Global Electrolyzer Market Analysis and Forecast, by Distribution Channel
11.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
11.1.1. Direct Sales
11.1.2. Indirect Sales
11.2. Incremental Opportunity, by Distribution Channel
12. Global Electrolyzer Market Analysis and Forecast, by Region
12.1. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
12.1.1. North America
12.1.2. Europe
12.1.3. Asia Pacific
12.1.4. Middle East & Africa
12.1.5. South America
12.2. Incremental Opportunity, by Region
13. North America Electrolyzer Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Key Supplier Analysis
13.3. Key Trend Analysis
13.4. Price Trend Analysis
13.4.1. Weighted Average Selling Price (US$)
13.5. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
13.5.1. Proton Exchange Membrane (PEM)
13.5.2. Alkaline Water Electrolysis
13.5.3. Solid Oxide Electrolyte (SOE)
13.6. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
13.6.1. Below 500 Nm³/h
13.6.2. 500-2000 Nm³/h
13.6.3. 200-4000 Nm³/h
13.6.4. Above 4000 Nm³/h
13.7. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
13.7.1. Below 2 kW
13.7.2. 2 kW – 5 kW
13.7.3. Above 5 kW
13.8. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
13.8.1. Energy Engineering
13.8.2. Natural Gas
13.8.3. Anion Exchange Membrane
13.8.4. Others
13.9. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
13.9.1. Oil & Gas
13.9.2. Electronics & Semiconductor
13.9.3. Chemical
13.9.4. Power Plants
13.9.5. Steel Plants
13.9.6. Transportation
13.9.7. Pharmaceuticals
13.9.8. Others
13.10. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
13.10.1. Direct Sales
13.10.2. Indirect Sales
13.11. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
13.11.1. U.S.
13.11.2. Canada
13.11.3. Rest of North America
13.12. Incremental Opportunity Analysis
14. Europe Electrolyzer Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Key Supplier Analysis
14.3. Key Trend Analysis
14.4. Price Trend Analysis
14.4.1. Weighted Average Selling Price (US$)
14.5. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
14.5.1. Proton Exchange Membrane (PEM)
14.5.2. Alkaline Water Electrolysis
14.5.3. Solid Oxide Electrolyte (SOE)
14.6. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
14.6.1. Below 500 Nm³/h
14.6.2. 500-2000 Nm³/h
14.6.3. 200-4000 Nm³/h
14.6.4. Above 4000 Nm³/h
14.7. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
14.7.1. Below 2 kW
14.7.2. 2 kW – 5 kW
14.7.3. Above 5 kW
14.8. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
14.8.1. Energy Engineering
14.8.2. Natural Gas
14.8.3. Anion Exchange Membrane
14.8.4. Others
14.9. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
14.9.1. Oil & Gas
14.9.2. Electronics & Semiconductor
14.9.3. Chemical
14.9.4. Power Plants
14.9.5. Steel Plants
14.9.6. Transportation
14.9.7. Pharmaceuticals
14.9.8. Others
14.10. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
14.10.1. Direct Sales
14.10.2. Indirect Sales
14.11. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
14.11.1. U.K.
14.11.2. Germany
14.11.3. France
14.11.4. Rest of Europe
14.12. Incremental Opportunity Analysis
15. Asia Pacific Electrolyzer Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Key Supplier Analysis
15.3. Key Trend Analysis
15.4. Price Trend Analysis
15.4.1. Weighted Average Selling Price (US$)
15.5. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
15.5.1. Proton Exchange Membrane (PEM)
15.5.2. Alkaline Water Electrolysis
15.5.3. Solid Oxide Electrolyte (SOE)
15.6. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
15.6.1. Below 500 Nm³/h
15.6.2. 500-2000 Nm³/h
15.6.3. 200-4000 Nm³/h
15.6.4. Above 4000 Nm³/h
15.7. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
15.7.1. Below 2 kW
15.7.2. 2 kW – 5 kW
15.7.3. Above 5 kW
15.8. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
15.8.1. Energy Engineering
15.8.2. Natural Gas
15.8.3. Anion Exchange Membrane
15.8.4. Others
15.9. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
15.9.1. Oil & Gas
15.9.2. Electronics & Semiconductor
15.9.3. Chemical
15.9.4. Power Plants
15.9.5. Steel Plants
15.9.6. Transportation
15.9.7. Pharmaceuticals
15.9.8. Others
15.10. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
15.10.1. Direct Sales
15.10.2. Indirect Sales
15.11. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
15.11.1. China
15.11.2. India
15.11.3. Japan
15.11.4. Rest of Asia Pacific
15.12. Incremental Opportunity Analysis
16. Middle East & Africa Electrolyzer Market Analysis and Forecast
16.1. Regional Snapshot
16.2. Key Supplier Analysis
16.3. Key Trend Analysis
16.4. Price Trend Analysis
16.4.1. Weighted Average Selling Price (US$)
16.5. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
16.5.1. Proton Exchange Membrane (PEM)
16.5.2. Alkaline Water Electrolysis
16.5.3. Solid Oxide Electrolyte (SOE)
16.6. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
16.6.1. Below 500 Nm³/h
16.6.2. 500-2000 Nm³/h
16.6.3. 200-4000 Nm³/h
16.6.4. Above 4000 Nm³/h
16.7. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
16.7.1. Below 2 kW
16.7.2. 2 kW – 5 kW
16.7.3. Above 5 kW
16.8. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
16.8.1. Energy Engineering
16.8.2. Natural Gas
16.8.3. Anion Exchange Membrane
16.8.4. Others
16.9. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
16.9.1. Oil & Gas
16.9.2. Electronics & Semiconductor
16.9.3. Chemical
16.9.4. Power Plants
16.9.5. Steel Plants
16.9.6. Transportation
16.9.7. Pharmaceuticals
16.9.8. Others
16.10. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
16.10.1. Direct Sales
16.10.2. Indirect Sales
16.11. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
16.11.1. GCC
16.11.2. South Africa
16.11.3. Rest of Middle East & Africa
16.12. Incremental Opportunity Analysis
17. South America Electrolyzer Market Analysis and Forecast
17.1. Regional Snapshot
17.2. Key Supplier Analysis
17.3. Key Trend Analysis
17.4. Price Trend Analysis
17.4.1. Weighted Average Selling Price (US$)
17.5. Electrolyzer Market Size (US$ Bn and Thousand Units), by Product Type, 2017 - 2031
17.5.1. Proton Exchange Membrane (PEM)
17.5.2. Alkaline Water Electrolysis
17.5.3. Solid Oxide Electrolyte (SOE)
17.6. Electrolyzer Market Size (US$ Bn and Thousand Units), by Production, 2017 - 2031
17.6.1. Below 500 Nm³/h
17.6.2. 500-2000 Nm³/h
17.6.3. 200-4000 Nm³/h
17.6.4. Above 4000 Nm³/h
17.7. Electrolyzer Market Size (US$ Bn and Thousand Units), by Input Power, 2017 - 2031
17.7.1. Below 2 kW
17.7.2. 2 kW – 5 kW
17.7.3. Above 5 kW
17.8. Electrolyzer Market Size (US$ Bn and Thousand Units), by Application, 2017 - 2031
17.8.1. Energy Engineering
17.8.2. Natural Gas
17.8.3. Anion Exchange Membrane
17.8.4. Others
17.9. Electrolyzer Market Size (US$ Bn and Thousand Units), by End-use, 2017 - 2031
17.9.1. Oil & Gas
17.9.2. Electronics & Semiconductor
17.9.3. Chemical
17.9.4. Power Plants
17.9.5. Steel Plants
17.9.6. Transportation
17.9.7. Pharmaceuticals
17.9.8. Others
17.10. Electrolyzer Market Size (US$ Bn and Thousand Units), by Distribution Channel, 2017 - 2031
17.10.1. Direct Sales
17.10.2. Indirect Sales
17.11. Electrolyzer Market Size (US$ Bn and Thousand Units), by Region, 2017 - 2031
17.11.1. Brazil
17.11.2. Rest of South America
17.12. Incremental Opportunity Analysis
18. Competition Landscape
18.1. Competition Dashboard
18.2. Market Share Analysis % (2022)
18.3. Company Profiles [Company Overview, Product Portfolio, Financial Information, (Subject to Data Availability), Business Strategies / Recent Developments]
18.3.1. Air Products and Chemicals, Inc.
18.3.1.1. Company Overview
18.3.1.2. Product Portfolio
18.3.1.3. Financial Information, (Subject to Data Availability)
18.3.1.4. Business Strategies / Recent Developments
18.3.2. Asahi Kasei Corporation
18.3.2.1. Company Overview
18.3.2.2. Product Portfolio
18.3.2.3. Financial Information, (Subject to Data Availability)
18.3.2.4. Business Strategies / Recent Developments
18.3.3. Brise Chemicals
18.3.3.1. Company Overview
18.3.3.2. Product Portfolio
18.3.3.3. Financial Information, (Subject to Data Availability)
18.3.3.4. Business Strategies / Recent Developments
18.3.4. C&E Environmental Technology Co., Ltd.
18.3.4.1. Company Overview
18.3.4.2. Product Portfolio
18.3.4.3. Financial Information, (Subject to Data Availability)
18.3.4.4. Business Strategies / Recent Developments
18.3.5. Cummins Inc.
18.3.5.1. Company Overview
18.3.5.2. Product Portfolio
18.3.5.3. Financial Information, (Subject to Data Availability)
18.3.5.4. Business Strategies / Recent Developments
18.3.6. ITM Power plc
18.3.6.1. Company Overview
18.3.6.2. Product Portfolio
18.3.6.3. Financial Information, (Subject to Data Availability)
18.3.6.4. Business Strategies / Recent Developments
18.3.7. Linde AG
18.3.7.1. Company Overview
18.3.7.2. Product Portfolio
18.3.7.3. Financial Information, (Subject to Data Availability)
18.3.7.4. Business Strategies / Recent Developments
18.3.8. Nel Hydrogen
18.3.8.1. Company Overview
18.3.8.2. Product Portfolio
18.3.8.3. Financial Information, (Subject to Data Availability)
18.3.8.4. Business Strategies / Recent Developments
18.3.9. Siemens AG
18.3.9.1. Company Overview
18.3.9.2. Product Portfolio
18.3.9.3. Financial Information, (Subject to Data Availability)
18.3.9.4. Business Strategies / Recent Developments
18.3.10. Teledyne Energy Systems Inc.
18.3.10.1. Company Overview
18.3.10.2. Product Portfolio
18.3.10.3. Financial Information, (Subject to Data Availability)
18.3.10.4. Business Strategies / Recent Developments
18.3.11. Other Key Players
18.3.11.1. Company Overview
18.3.11.2. Product Portfolio
18.3.11.3. Financial Information, (Subject to Data Availability)
18.3.11.4. Business Strategies / Recent Developments
19. Go To Market Strategy
19.1. Identification of Potential Market Spaces
19.2. Understanding Procurement Process of End-users
19.3. Preferred Sales & Marketing Strategy

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