Global Electrolyzer Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2024 to 2032

List of Tables

The global demand for Electrolyzer Market is presumed to reach the market size of nearly USD 3.61 Billion by 2032 from USD 2.06 Billion in 2023 with a CAGR of 6.43% under the study period 2024-2032.

Electrolyzers are electric devices that are used for hydrogen production based on the principle of electrolysis. Electrolyzers come in a range of sizes, from small, appliance-size equipment to massive equipment used in large-scale, central production facilities, mainly dependent on the volume of hydrogen produced. Electrolyzers are very efficient since they can make very pure hydrogen on-site and are cost-effective. These devices can be incorporated into unique stationery, portable, and transportation power systems or tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production. There are many ways to build and configure an electrolyzer, and different electrolytes are used in applications like fuel cell-powered vehicles and portable electronics.

MARKET DYNAMICS

The rapid development of hydrogen infrastructure and increased use as an industrial feedstock will be the key trends stimulating this market's growth. The growing preference for fuel-cell electric vehicles to improve vehicle efficiency and reduce vehicles' environmental impact will boost market growth. The integration of electrolyzers with a renewable energy system to create unique opportunities for providing power in the future will be a market booster. Intensive research to manufacture low-cost electrolyzers with increased efficiency, operating life, power density, and stack size will be beneficial to market growth. The use of electrolyzers for backup power applications in telecommunications, IT, manufacturing processes, security systems, utility substations, and railways will further propel market growth. The main restraints hampering market growth are high electric consumption and chances of gas crossover.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Electrolyzer. The growth and trends of Electrolyzer industry provide a holistic approach to this study.

MARKET SEGMENTATION

This section of the Electrolyzer market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Type

Proton Exchange Membrane (PEM)
Alkaline Water Electrolysis
Solid Oxide Electrolyte (SOE)

By Production

Below 500 Nm3 / H
500-2000 Nm3/ H
200-4000 Nm3/ H
Above 4000 Nm3/ H

By Input Power

Below 2 kW
2kW-5kw
Above 5 kW

By Application

Energy Engineering
Natural Gas
Anion Exchange Membrane
Others

By End-use

Oil & Gas
Electronics & Semiconductor
Chemical
Power Plants
Steel Plants
Transportation
Pharmaceuticals
Others

By Distribution Channel

Direct Sales
Indirect Sales

REGIONAL ANALYSIS

This section covers the regional outlook, which accentuates current and future demand for the Electrolyzer market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Electrolyzer market include Air Products And Chemicals Inc., Asahi Kasei Corporation, Brise Chemicals, C&E Environmental Technology Co Ltd., Cummins Inc., ITM Power Plc, Linde AG, Nel Hydrogen, Siemens AG, Teledyne Energy Systems Inc., Other. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.

Product Code: VMR11213623

1. PREFACE

1.1. Report Description
- 1.1.1 Objective
- 1.1.2 Target Audience
- 1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1 Market Research Process
- 1.3.2 Market Research Methodology

2. EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3. ELECTROLYZER - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Production
- 3.7.3 Market Attractiveness Analysis By Input Power
- 3.7.4 Market Attractiveness Analysis By Application
- 3.7.5 Market Attractiveness Analysis By End-use
- 3.7.6 Market Attractiveness Analysis By Distribution Channel
- 3.7.7 Market Attractiveness Analysis By Region

4. VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1 List of Raw Materials
- 4.2.2 Raw Material Manufactures List
- 4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1 Direct Marketing
- 4.4.2 Indirect Marketing
- 4.4.3 Marketing Channel Development Trend

5. GLOBAL ELECTROLYZER MARKET ANALYSIS BY PRODUCT TYPE

5.1. Overview By Product Type
5.2. Historical and Forecast Data
5.3. Analysis By Product Type
5.4. Proton Exchange Membrane (PEM) Historic and Forecast Sales By Regions
5.5. Alkaline Water Electrolysis Historic and Forecast Sales By Regions
5.6. Solid Oxide Electrolyte (SOE) Historic and Forecast Sales By Regions

6. GLOBAL ELECTROLYZER MARKET ANALYSIS BY PRODUCTION

6.1. Overview By Production
6.2. Historical and Forecast Data
6.3. Analysis By Production
6.4. Below 500 Nm3 / H Historic and Forecast Sales By Regions
6.5. 500-2000 Nm3/ H Historic and Forecast Sales By Regions
6.6. 200-4000 Nm3/ H Historic and Forecast Sales By Regions
6.7. Above 4000 Nm3/ H Historic and Forecast Sales By Regions

7. GLOBAL ELECTROLYZER MARKET ANALYSIS BY INPUT POWER

7.1. Overview By Input Power
7.2. Historical and Forecast Data
7.3. Analysis By Input Power
7.4. Below 2 kW Historic and Forecast Sales By Regions
7.5. 2kW-5kw Historic and Forecast Sales By Regions
7.6. Above 5 kW Historic and Forecast Sales By Regions

8. GLOBAL ELECTROLYZER MARKET ANALYSIS BY APPLICATION

8.1. Overview By Application
8.2. Historical and Forecast Data
8.3. Analysis By Application
8.4. Energy Engineering Historic and Forecast Sales By Regions
8.5. Natural Gas Historic and Forecast Sales By Regions
8.6. Anion Exchange Membrane Historic and Forecast Sales By Regions
8.7. Others Historic and Forecast Sales By Regions

9. GLOBAL ELECTROLYZER MARKET ANALYSIS BY END-USE

9.1. Overview By End-use
9.2. Historical and Forecast Data
9.3. Analysis By End-use
9.4. Oil & Gas Historic and Forecast Sales By Regions
9.5. Electronics & Semiconductor Historic and Forecast Sales By Regions
9.6. Chemical Historic and Forecast Sales By Regions
9.7. Power Plants Historic and Forecast Sales By Regions
9.8. Steel Plants Historic and Forecast Sales By Regions
9.9. Transportation Historic and Forecast Sales By Regions
9.10. Pharmaceuticals Historic and Forecast Sales By Regions
9.11. Others Historic and Forecast Sales By Regions

10. GLOBAL ELECTROLYZER MARKET ANALYSIS BY DISTRIBUTION CHANNEL

10.1. Overview By Distribution Channel
10.2. Historical and Forecast Data
10.3. Analysis By Distribution Channel
10.4. Direct Sales Historic and Forecast Sales By Regions
10.5. Indirect Sales Historic and Forecast Sales By Regions

11. GLOBAL ELECTROLYZER MARKET ANALYSIS BY GEOGRAPHY

11.1. Regional Outlook
11.2. Introduction
11.3. North America Sales Analysis
- 11.3.1 Overview, Historic and Forecast Data Sales Analysis
- 11.3.2 North America By Segment Sales Analysis
- 11.3.3 North America By Country Sales Analysis
- 11.3.4 United States Sales Analysis
- 11.3.5 Canada Sales Analysis
- 11.3.6 Mexico Sales Analysis
11.4. Europe Sales Analysis
- 11.4.1 Overview, Historic and Forecast Data Sales Analysis
- 11.4.2 Europe By Segment Sales Analysis
- 11.4.3 Europe By Country Sales Analysis
- 11.4.4 United Kingdom Sales Analysis
- 11.4.5 France Sales Analysis
- 11.4.6 Germany Sales Analysis
- 11.4.7 Italy Sales Analysis
- 11.4.8 Russia Sales Analysis
- 11.4.9 Rest Of Europe Sales Analysis
11.5. Asia Pacific Sales Analysis
- 11.5.1 Overview, Historic and Forecast Data Sales Analysis
- 11.5.2 Asia Pacific By Segment Sales Analysis
- 11.5.3 Asia Pacific By Country Sales Analysis
- 11.5.4 China Sales Analysis
- 11.5.5 India Sales Analysis
- 11.5.6 Japan Sales Analysis
- 11.5.7 South Korea Sales Analysis
- 11.5.8 Australia Sales Analysis
- 11.5.9 South East Asia Sales Analysis
- 11.5.10 Rest Of Asia Pacific Sales Analysis
11.6. Latin America Sales Analysis
- 11.6.1 Overview, Historic and Forecast Data Sales Analysis
- 11.6.2 Latin America By Segment Sales Analysis
- 11.6.3 Latin America By Country Sales Analysis
- 11.6.4 Brazil Sales Analysis
- 11.6.5 Argentina Sales Analysis
- 11.6.6 Peru Sales Analysis
- 11.6.7 Chile Sales Analysis
- 11.6.8 Rest of Latin America Sales Analysis
11.7. Middle East & Africa Sales Analysis
- 11.7.1 Overview, Historic and Forecast Data Sales Analysis
- 11.7.2 Middle East & Africa By Segment Sales Analysis
- 11.7.3 Middle East & Africa By Country Sales Analysis
- 11.7.4 Saudi Arabia Sales Analysis
- 11.7.5 UAE Sales Analysis
- 11.7.6 Israel Sales Analysis
- 11.7.7 South Africa Sales Analysis
- 11.7.8 Rest Of Middle East And Africa Sales Analysis

12. COMPETITIVE LANDSCAPE OF THE ELECTROLYZER COMPANIES

12.1. Electrolyzer Market Competition
12.2. Partnership/Collaboration/Agreement
12.3. Merger And Acquisitions
12.4. New Product Launch
12.5. Other Developments

13. COMPANY PROFILES OF ELECTROLYZER INDUSTRY

13.1. Top Companies Market Share Analysis
13.2. Market Concentration Rate
13.3. Air Products And Chemicals Inc.
- 13.3.1 Company Overview
- 13.3.2 Company Revenue
- 13.3.3 Products
- 13.3.4 Recent Developments
13.4. Asahi Kasei Corporation
- 13.4.1 Company Overview
- 13.4.2 Company Revenue
- 13.4.3 Products
- 13.4.4 Recent Developments
13.5. Brise Chemicals
- 13.5.1 Company Overview
- 13.5.2 Company Revenue
- 13.5.3 Products
- 13.5.4 Recent Developments
13.6. C&E Environmental Technology Co Ltd.
- 13.6.1 Company Overview
- 13.6.2 Company Revenue
- 13.6.3 Products
- 13.6.4 Recent Developments
13.7. Cummins Inc.
- 13.7.1 Company Overview
- 13.7.2 Company Revenue
- 13.7.3 Products
- 13.7.4 Recent Developments
13.8. ITM Power Plc
- 13.8.1 Company Overview
- 13.8.2 Company Revenue
- 13.8.3 Products
- 13.8.4 Recent Developments
13.9. Linde AG
- 13.9.1 Company Overview
- 13.9.2 Company Revenue
- 13.9.3 Products
- 13.9.4 Recent Developments
13.10. Nel Hydrogen
- 13.10.1 Company Overview
- 13.10.2 Company Revenue
- 13.10.3 Products
- 13.10.4 Recent Developments
13.11. Siemens AG
- 13.11.1 Company Overview
- 13.11.2 Company Revenue
- 13.11.3 Products
- 13.11.4 Recent Developments
13.12. Teledyne Energy Systems Inc.
- 13.12.1 Company Overview
- 13.12.2 Company Revenue
- 13.12.3 Products
- 13.12.4 Recent Developments
13.13. Other
- 13.13.1 Company Overview
- 13.13.2 Company Revenue
- 13.13.3 Products
- 13.13.4 Recent Developments

Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies