Electrolyzer Market Size to Hit USD 362.90 Billion by 2034

Electrolyzer Market

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Electrolyzer Market

5.1. COVID-19 Landscape: Electrolyzer Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Electrolyzer Market, By Type

8.1. Electrolyzer Market Revenue and Volume Forecast, by Type

8.1.1. PEM Electrolyzer

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Alkaline Electrolyzer

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Solid Oxide Electrolyzer

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Electrolyzer Market, By Technology

9.1. Electrolyzer Market Revenue and Volume Forecast, by Technology

9.1.1. Alkaline Electrolyzers

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. PEM Electrolyzers

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Electrolyzer Market, By Installation Mode Insights

10.1. Electrolyzer Market Revenue and Volume Forecast, by Installation Mode Insights

10.1.1. Centralized Electrolyzers

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Centralized Electrolyzers

10.1.2.1. Market Revenue and Volume Forecast

Chapter 11. Global Electrolyzer Market, By Application

11.1. Electrolyzer Market Revenue and Volume Forecast, by Application

11.1.1. Steel plant

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Power plants

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. Electronics and photovoltaics

11.1.3.1. Market Revenue and Volume Forecast

11.1.4. Energy storage for fuel cells

11.1.4.1. Market Revenue and Volume Forecast

11.1.5. Industrial gases

11.1.5.1. Market Revenue and Volume Forecast

11.1.6. Power to gas

11.1.6.1. Market Revenue and Volume Forecast

11.1.7. Others

11.1.7.1. Market Revenue and Volume Forecast

Chapter 12. Global Electrolyzer Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Type

12.1.2. Market Revenue and Volume Forecast, by Technology

12.1.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.1.4. Market Revenue and Volume Forecast, by Application

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Type

12.1.5.2. Market Revenue and Volume Forecast, by Technology

12.1.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.1.5.4. Market Revenue and Volume Forecast, by Application

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Type

12.1.6.2. Market Revenue and Volume Forecast, by Technology

12.1.6.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.1.6.4. Market Revenue and Volume Forecast, by Application

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Type

12.2.2. Market Revenue and Volume Forecast, by Technology

12.2.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.2.4. Market Revenue and Volume Forecast, by Application

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Type

12.2.5.2. Market Revenue and Volume Forecast, by Technology

12.2.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.2.5.4. Market Revenue and Volume Forecast, by Application

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Type

12.2.6.2. Market Revenue and Volume Forecast, by Technology

12.2.6.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.2.6.4. Market Revenue and Volume Forecast, by Application

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Type

12.2.7.2. Market Revenue and Volume Forecast, by Technology

12.2.7.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.2.7.4. Market Revenue and Volume Forecast, by Application

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Type

12.2.8.2. Market Revenue and Volume Forecast, by Technology

12.2.8.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.2.8.4. Market Revenue and Volume Forecast, by Application

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Type

12.3.2. Market Revenue and Volume Forecast, by Technology

12.3.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.3.4. Market Revenue and Volume Forecast, by Application

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Type

12.3.5.2. Market Revenue and Volume Forecast, by Technology

12.3.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.3.5.4. Market Revenue and Volume Forecast, by Application

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Type

12.3.6.2. Market Revenue and Volume Forecast, by Technology

12.3.6.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.3.6.4. Market Revenue and Volume Forecast, by Application

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Type

12.3.7.2. Market Revenue and Volume Forecast, by Technology

12.3.7.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.3.7.4. Market Revenue and Volume Forecast, by Application

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Type

12.3.8.2. Market Revenue and Volume Forecast, by Technology

12.3.8.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.3.8.4. Market Revenue and Volume Forecast, by Application

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Type

12.4.2. Market Revenue and Volume Forecast, by Technology

12.4.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.4.4. Market Revenue and Volume Forecast, by Application

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Type

12.4.5.2. Market Revenue and Volume Forecast, by Technology

12.4.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.4.5.4. Market Revenue and Volume Forecast, by Application

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Type

12.4.6.2. Market Revenue and Volume Forecast, by Technology

12.4.6.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.4.6.4. Market Revenue and Volume Forecast, by Application

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Type

12.4.7.2. Market Revenue and Volume Forecast, by Technology

12.4.7.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.4.7.4. Market Revenue and Volume Forecast, by Application

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Type

12.4.8.2. Market Revenue and Volume Forecast, by Technology

12.4.8.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.4.8.4. Market Revenue and Volume Forecast, by Application

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Type

12.5.2. Market Revenue and Volume Forecast, by Technology

12.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.5.4. Market Revenue and Volume Forecast, by Application

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Type

12.5.5.2. Market Revenue and Volume Forecast, by Technology

12.5.5.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.5.5.4. Market Revenue and Volume Forecast, by Application

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Type

12.5.6.2. Market Revenue and Volume Forecast, by Technology

12.5.6.3. Market Revenue and Volume Forecast, by Installation Mode Insights

12.5.6.4. Market Revenue and Volume Forecast, by Application

Chapter 13. Company Profiles

13.1. Hydrogenics

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial PerTypeance

13.1.4. Recent Initiatives

13.2. Shandong Saikesaisi Hydrogen Energy Co., Ltd.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial PerTypeance

13.2.4. Recent Initiatives

13.3. Teledyne Energy Systems

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial PerTypeance

13.3.4. Recent Initiatives

13.4. Siemens

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial PerTypeance

13.4.4. Recent Initiatives

13.5. Kobelco Eco-Solutions

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial PerTypeance

13.5.4. Recent Initiatives

13.6. Green Hydrogen Systems

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial PerTypeance

13.6.4. Recent Initiatives

13.7. Next Hydrogen

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial PerTypeance

13.7.4. Recent Initiatives

13.8. H-Tec Systems

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial PerTypeance

13.8.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Frequently Asked Questions

The global electrolyzer market size was accounted at USD 31.94 billion in 2024 and it is expected to reach around USD 362.90 billion by 2034.

The global electrolyzer market is poised to grow at a CAGR of 27.31% from 2025 to 2034.

The major players operating in the electrolyzer market are Nel Hydrogen (Norway), Asahi Kasei (Japan), Hydrogenics (Canada), Shandong Saikesaisi Hydrogen Energy Co., Ltd. (China), Teledyne Energy Systems (U.S.), Siemens (Germany), Kobelco Eco-Solutions (U.S.), Green Hydrogen Systems (Denmark), Next Hydrogen (Canada), and H-Tec Systems (Germany).

increasing demand for hydrogen production and increasing demand for vehicles are driving the growth of the electrolyzer market.

Asia Pacific region will lead the global electrolyzer market during the forecast period 2025 to 2034.