Hydrogen Electrolyzers Market Size 2024-2028
The hydrogen electrolyzers market size is forecast to increase by USD 94.9 billion at a CAGR of 5.65% between 2023 and 2028. The hydrogen economy is gaining momentum as a sustainable fuel solution, with hydrogen electrolyzers playing a crucial role in its production. Renewable electricity sources are increasingly being integrated with hydrogen electrolyzers to generate carbon-free hydrogen, aligning with the global shift towards clean energy. Strategic partnerships among key players are strengthening the supply chain resilience in the hydrogen market. However, competition from alternate hydrogen production technologies poses a challenge to the growth of the market. In the US, the focus on sustainable fuel solutions and the growing demand for fuel cell vehicles are driving the adoption of hydrogen electrolyzers. Key players in the market are investing in advanced electrolyzer technology to improve efficiency and reduce costs. Additionally, the production of green ammonia through hydrogen electrolysis is gaining traction as a sustainable alternative to traditional ammonia production methods. Overall, the market is expected to experience steady growth due to these market trends and challenges.
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Hydrogen Electrolyzers Market 2018 - 2022
- Historic Market Size - Data Table on Global Hydrogen Electrolyzers Market 2018 - 2022 ($ million)
- 4.2 Capacity segment analysis 2018 - 2022
- Historic Market Size - Capacity Segment 2018 - 2022 ($ million)
- 4.3 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Capacity
- 6.1 Market segments
- Chart on Capacity - Market share 2023-2028 (%)
- Data Table on Capacity - Market share 2023-2028 (%)
- 6.2 Comparison by Capacity
- Chart on Comparison by Capacity
- Data Table on Comparison by Capacity
- 500 kW - 2 MW - Market size and forecast 2023-2028
- Chart on 500 kW - 2 MW - Market size and forecast 2023-2028 ($ million)
- Data Table on 500 kW - 2 MW - Market size and forecast 2023-2028 ($ million)
- Chart on 500 kW - 2 MW - Year-over-year growth 2023-2028 (%)
- Data Table on 500 kW - 2 MW - Year-over-year growth 2023-2028 (%)
- 6.4 Less than 500 kW - Market size and forecast 2023-2028
- Chart on Less than 500 kW - Market size and forecast 2023-2028 ($ million)
- Data Table on Less than 500 kW - Market size and forecast 2023-2028 ($ million)
- Chart on Less than 500 kW - Year-over-year growth 2023-2028 (%)
- Data Table on Less than 500 kW - Year-over-year growth 2023-2028 (%)
- 6.5 Above 2 MW - Market size and forecast 2023-2028
- Chart on Above 2 MW - Market size and forecast 2023-2028 ($ million)
- Data Table on Above 2 MW - Market size and forecast 2023-2028 ($ million)
- Chart on Above 2 MW - Year-over-year growth 2023-2028 (%)
- Data Table on Above 2 MW - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
- Data Table on Market opportunity by Capacity ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 7.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 7.3 Alkaline electrolyzers - Market size and forecast 2023-2028
- Chart on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
- Data Table on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
- Chart on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
- Data Table on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
- 7.4 PEM electrolyzers - Market size and forecast 2023-2028
- Chart on PEM electrolyzers - Market size and forecast 2023-2028 ($ million)
- Data Table on PEM electrolyzers - Market size and forecast 2023-2028 ($ million)
- Chart on PEM electrolyzers - Year-over-year growth 2023-2028 (%)
- Data Table on PEM electrolyzers - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.10 Sweden - Market size and forecast 2023-2028
- Chart on Sweden - Market size and forecast 2023-2028 ($ million)
- Data Table on Sweden - Market size and forecast 2023-2028 ($ million)
- Chart on Sweden - Year-over-year growth 2023-2028 (%)
- Data Table on Sweden - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Asahi Kasei Corp.
- Asahi Kasei Corp. - Overview
- Asahi Kasei Corp. - Business segments
- Asahi Kasei Corp. - Key news
- Asahi Kasei Corp. - Key offerings
- Asahi Kasei Corp. - Segment focus
- 12.4 Cockerill JingLi Hydrogen
- Cockerill JingLi Hydrogen - Overview
- Cockerill JingLi Hydrogen - Product / Service
- Cockerill JingLi Hydrogen - Key offerings
- 12.5 Enapter S.r.l.
- Enapter S.r.l. - Overview
- Enapter S.r.l. - Product / Service
- Enapter S.r.l. - Key offerings
- 12.6 Frames Energy Systems BV
- Frames Energy Systems BV - Overview
- Frames Energy Systems BV - Product / Service
- Frames Energy Systems BV - Key offerings
- 12.7 Gaztransport and Technigaz SA
- Gaztransport and Technigaz SA - Overview
- Gaztransport and Technigaz SA - Business segments
- Gaztransport and Technigaz SA - Key news
- Gaztransport and Technigaz SA - Key offerings
- Gaztransport and Technigaz SA - Segment focus
- 12.8 Giner Inc.
- Giner Inc. - Overview
- Giner Inc. - Product / Service
- Giner Inc. - Key offerings
- 12.9 Kobe Steel Ltd.
- Kobe Steel Ltd. - Overview
- Kobe Steel Ltd. - Business segments
- Kobe Steel Ltd. - Key news
- Kobe Steel Ltd. - Key offerings
- Kobe Steel Ltd. - Segment focus
- 12.10 McPhy Energy SA
- McPhy Energy SA - Overview
- McPhy Energy SA - Product / Service
- McPhy Energy SA - Key news
- McPhy Energy SA - Key offerings
- 12.11 Nel ASA
- Nel ASA - Overview
- Nel ASA - Business segments
- Nel ASA - Key offerings
- Nel ASA - Segment focus
- 12.12 Shandong Saikesaisi Hydrogen Energy Co., Ltd.
- Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Overview
- Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Product / Service
- Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Key offerings
- 12.13 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- 12.14 SwissHydrogen SA
- SwissHydrogen SA - Overview
- SwissHydrogen SA - Product / Service
- SwissHydrogen SA - Key offerings
- 12.15 Teledyne Technologies Inc.
- Teledyne Technologies Inc. - Overview
- Teledyne Technologies Inc. - Business segments
- Teledyne Technologies Inc. - Key news
- Teledyne Technologies Inc. - Key offerings
- Teledyne Technologies Inc. - Segment focus
- 12.16 TianJin Mainland Hydrogen Equipment
- TianJin Mainland Hydrogen Equipment - Overview
- TianJin Mainland Hydrogen Equipment - Product / Service
- TianJin Mainland Hydrogen Equipment - Key offerings
- 12.17 Yangzhou Zhongdian hydrogen production
- Yangzhou Zhongdian hydrogen production - Overview
- Yangzhou Zhongdian hydrogen production - Product / Service
- Yangzhou Zhongdian hydrogen production - Key offerings
13 Appendix
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations
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