What is the market size for the electrolyzers market?

The Market is expected to grow by $ 1003.29 mn in 2024-2028. <a href='https://www.technavio.com/report/electrolyzers-market-analysis'>Read More</a>

What is the CAGR for the electrolyzers market?

26.71% CAGR with $ 1003.29 mn Momentum. <a href='https://www.technavio.com/report/electrolyzers-market-analysis'>Read More</a>

What is the growth rate of the Electrolyzers Market market?

26.71% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/electrolyzers-market-analysis'>Read More</a>

Which region held the largest market share in the Electrolyzers Market market?

APAC with 41% of the market growth. <a href='https://www.technavio.com/report/electrolyzers-market-analysis'>Read More</a>

Who are the prominent players in the Electrolyzers Market market?

Advanced Ionics, Air Liquide SA, ALFA LAVAL, Asahi Kasei Corp., Bloom Energy Corp., Brise Chemical Pvt. Ltd., Cummins Inc., DENSO Corp., ELECTRIC HYDROGEN, Enapter S..... <a href='https://www.technavio.com/report/electrolyzers-market-analysis'>Read More</a>

Electrolyzers Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Feb 2024
Pages: 179
SKU: IRTNTR76023

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Electrolyzers Market Size 2024-2028

The electrolyzers market size is forecast to increase by USD 1,003.29 million, at a CAGR of 26.71% between 2023 and 2028. The market growth is driven by the rising demand for hydrogen production as a clean energy source and advancements in electrolyzer technology. Increasing investments in renewable energy projects and government incentives for green hydrogen are also boosting market expansion. The market is witnessing a growing demand for the growing focus on using clean hydrogen in refineries, the increasing partnerships and collaboration among market players, and the rising investments in electrolyzers. Additionally, growing industrial applications for electrolyzers in energy storage and fuel cell technologies further support market growth. The electrolyzers market report includes historic market data from 2018 - 2022.

Market Overview :

Energy is the fastest-growing segment during the forecast year
Energy was the largest segment and was valued at USD 101.89 million in 2018.
APAC is is most dominating region during the forecast period
It also includes an in-depth analysis of the upsurge in decarbonization initiatives globally, the growing focus on using clean hydrogen in refineries, and the high cost of production using electrolyzers.

For More Highlights About this Electrolyzers Market Research Report, Download Free Sample in a Minute

Largest-Growing Segments

Energy

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global electrolyzers market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global electrolyzers market 2018 - 2022 ($ million)

4.2 Application Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)

4.3 Technology Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Technology Segment 2018 - 2022 ($ million)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Application - Market share 2023-2028 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Energy - Market size and forecast 2023-2028
- Exhibit 34: Chart on Energy - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Energy - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Energy - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Energy - Year-over-year growth 2023-2028 (%)

6.4 Mobility - Market size and forecast 2023-2028
- Exhibit 38: Chart on Mobility - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Mobility - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Mobility - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Mobility - Year-over-year growth 2023-2028 (%)

6.5 Industrial - Market size and forecast 2023-2028
- Exhibit 42: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

6.6 Grid injection - Market size and forecast 2023-2028
- Exhibit 46: Chart on Grid injection - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Data Table on Grid injection - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Chart on Grid injection - Year-over-year growth 2023-2028 (%)
- Exhibit 49: Data Table on Grid injection - Year-over-year growth 2023-2028 (%)

6.7 Market opportunity by Application
- Exhibit 50: Market opportunity by Application ($ million)
- Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Technology

7.1 Market segments
- Exhibit 52: Chart on Technology - Market share 2023-2028 (%)
- Exhibit 53: Data Table on Technology - Market share 2023-2028 (%)

7.2 Comparison by Technology
- Exhibit 54: Chart on Comparison by Technology
- Exhibit 55: Data Table on Comparison by Technology

7.3 Alkaline electrolyzers - Market size and forecast 2023-2028
- Exhibit 56: Chart on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)

7.4 Proton exchange membrane - Market size and forecast 2023-2028
- Exhibit 60: Chart on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Proton exchange membrane - Year-over-year growth 2023-2028 (%)

7.5 Solid oxide - Market size and forecast 2023-2028
- Exhibit 64: Chart on Solid oxide - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Data Table on Solid oxide - Market size and forecast 2023-2028 ($ million)
- Exhibit 66: Chart on Solid oxide - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Solid oxide - Year-over-year growth 2023-2028 (%)

7.6 Anion exchange membrane - Market size and forecast 2023-2028
- Exhibit 68: Chart on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Data Table on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
- Exhibit 70: Chart on Anion exchange membrane - Year-over-year growth 2023-2028 (%)
- Exhibit 71: Data Table on Anion exchange membrane - Year-over-year growth 2023-2028 (%)

7.7 Market opportunity by Technology
- Exhibit 72: Market opportunity by Technology ($ million)
- Exhibit 73: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2023-2028 (%)
- Exhibit 76: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2023-2028
- Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.4 Europe - Market size and forecast 2023-2028
- Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.5 North America - Market size and forecast 2023-2028
- Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.6 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.8 China - Market size and forecast 2023-2028
- Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)

9.9 US - Market size and forecast 2023-2028
- Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)

9.10 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ million)
- Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption

11.4 Industry risks
- Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 125: Vendors covered

12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification

12.3 Asahi Kasei Corp.
- Exhibit 127: Asahi Kasei Corp. - Overview
- Exhibit 128: Asahi Kasei Corp. - Business segments
- Exhibit 129: Asahi Kasei Corp. - Key news
- Exhibit 130: Asahi Kasei Corp. - Key offerings
- Exhibit 131: Asahi Kasei Corp. - Segment focus

12.4 Bloom Energy Corp.
- Exhibit 132: Bloom Energy Corp. - Overview
- Exhibit 133: Bloom Energy Corp. - Product / Service
- Exhibit 134: Bloom Energy Corp. - Key news
- Exhibit 135: Bloom Energy Corp. - Key offerings

12.5 Cummins Inc.
- Exhibit 136: Cummins Inc. - Overview
- Exhibit 137: Cummins Inc. - Business segments
- Exhibit 138: Cummins Inc. - Key offerings
- Exhibit 139: Cummins Inc. - Segment focus

12.6 Enapter S.r.l.
- Exhibit 140: Enapter S.r.l. - Overview
- Exhibit 141: Enapter S.r.l. - Product / Service
- Exhibit 142: Enapter S.r.l. - Key offerings

12.7 ITM Power plc
- Exhibit 143: ITM Power plc - Overview
- Exhibit 144: ITM Power plc - Product / Service
- Exhibit 145: ITM Power plc - Key offerings

12.8 Kobe Steel Ltd.
- Exhibit 146: Kobe Steel Ltd. - Overview
- Exhibit 147: Kobe Steel Ltd. - Business segments
- Exhibit 148: Kobe Steel Ltd. - Key offerings
- Exhibit 149: Kobe Steel Ltd. - Segment focus

12.9 MAN Energy Solutions SE
- Exhibit 150: MAN Energy Solutions SE - Overview
- Exhibit 151: MAN Energy Solutions SE - Product / Service
- Exhibit 152: MAN Energy Solutions SE - Key offerings

12.10 McPhy Energy SA
- Exhibit 153: McPhy Energy SA - Overview
- Exhibit 154: McPhy Energy SA - Product / Service
- Exhibit 155: McPhy Energy SA - Key news
- Exhibit 156: McPhy Energy SA - Key offerings

12.11 Nel ASA
- Exhibit 157: Nel ASA - Overview
- Exhibit 158: Nel ASA - Business segments
- Exhibit 159: Nel ASA - Key offerings
- Exhibit 160: Nel ASA - Segment focus

12.12 Plug Power Inc.
- Exhibit 161: Plug Power Inc. - Overview
- Exhibit 162: Plug Power Inc. - Product / Service
- Exhibit 163: Plug Power Inc. - Key offerings

12.13 Siemens AG
- Exhibit 164: Siemens AG - Overview
- Exhibit 165: Siemens AG - Business segments
- Exhibit 166: Siemens AG - Key news
- Exhibit 167: Siemens AG - Key offerings
- Exhibit 168: Siemens AG - Segment focus

12.14 Sunfire GmbH
- Exhibit 169: Sunfire GmbH - Overview
- Exhibit 170: Sunfire GmbH - Product / Service
- Exhibit 171: Sunfire GmbH - Key offerings

12.15 Teledyne Technologies Inc.
- Exhibit 172: Teledyne Technologies Inc. - Overview
- Exhibit 173: Teledyne Technologies Inc. - Business segments
- Exhibit 174: Teledyne Technologies Inc. - Key news
- Exhibit 175: Teledyne Technologies Inc. - Key offerings
- Exhibit 176: Teledyne Technologies Inc. - Segment focus

12.16 thyssenkrupp AG
- Exhibit 177: thyssenkrupp AG - Overview
- Exhibit 178: thyssenkrupp AG - Business segments
- Exhibit 179: thyssenkrupp AG - Key offerings
- Exhibit 180: thyssenkrupp AG - Segment focus

12.17 Topsoe AS
- Exhibit 181: Topsoe AS - Overview
- Exhibit 182: Topsoe AS - Product / Service
- Exhibit 183: Topsoe AS - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources