Global Hydrogen Electrolyzer Market Research Report 2024

Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.

The global Hydrogen Electrolyzer market was valued at US$ 832 million in 2023 and is anticipated to reach US$ 18860 million by 2030, witnessing a CAGR of 50.4% during the forecast period 2024-2030.

Global key players of Hydrogen Electrolyzer include Nel Hydrogen, Siemens, Plug Power, PERIC Hydrogen Technologies, Hydrogen Pro, etc. The top five players hold a share about 49%. Asia Pacific is the largest market, and has a share about 46%, followed by Europe and North America with share 27% and 22%, separately. In terms of product type, Alkaline Electrolyzer is the largest segment, accounting for a share of 54%. In terms of application, Power to Gas has a share about 36 percent.

Report Scope
This report aims to provide a comprehensive presentation of the global market for Hydrogen Electrolyzer, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogen Electrolyzer.

The Hydrogen Electrolyzer market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Hydrogen Electrolyzer market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Hydrogen Electrolyzer manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Report Metric	Details
Report Name	Hydrogen Electrolyzer Market
Segment by Type	PEM Electrolyzer  Alkaline Electrolyzer  Others
Segment by Application	Power to Gas  Chemical Industry and Refining  Metallurgy and Steel Industry  Hydrogen Refueling Station  Power Industry  Electronics and Semiconductor  Others
By Region	North America (United States, Canada) Europe (Germany, France, UK, Italy, Russia) Rest of Europe Nordic Countries Asia-Pacific (China, Japan, South Korea) Southeast Asia (India, Australia) Rest of Asia Latin America (Mexico, Brazil) Rest of Latin America Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company	PERIC Hydrogen Technologies, Nel Hydrogen, Longi Green Energy Technology, Sungrow Power Supply, Hydrogen Pro, Plug Power, Siemens, Cockerill Jingli Hydrogen, ThyssenKrupp, Sunfire, McPhy, SANY Hydrogen, TianJin Mainland, Beijing Zhongdian, Cummins, CIMC GH2 Technology, ShaanXi HuaQin, Verde Hydrogen, SPIC Hydrogen Technology, Teledyne Energy Systems, EM Solution, H2B2, Shandong Saikesaisi Hydrogen Energy, China NewGas Energy Technology, Elogen, CPU Hydrogen Power, Kobelco Eco-Solutions, Toshiba, Elchemtech, ITM Power, Ohmium
Forecast units	USD million in value
Report coverage	Revenue and volume forecast, company share, competitive landscape, growth factors and trends