Electrolyzer Market Report: Trends, Forecast and Competitive Analysis to 2030

Electrolyzer Trends and Forecast

The future of the global electrolyzer market looks promising with opportunities in the energy, mobility, industrial, and grid injection markets. The global electrolyzer market is expected to reach an estimated $6.9 billion by 2030 with a CAGR of 25.6% from 2024 to 2030. The major drivers for this market are growing demand for hydrogen, technological advancements in electrolyzers, and stringent environmental regulations.

A more than 150-page report is developed to help in your business decisions.

Electrolyzer by Segment

The study includes a forecast for the global electrolyzer by power rating, technology, application, and region.

Electrolyzer Market by Power Rating [Shipment Analysis by Value from 2018 to 2030]:

• <500 Kw
• 500-2,000 Kw
• >2,000 Kw

Electrolyzer Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Alkaline Electrolyzer
• Proton Exchange Membrane
• Solid Oxide Electrolyzer
• Anion Exchange Membrane

Electrolyzer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Energy
• Mobility
• Industrial
• Grid Injection

Electrolyzer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electrolyzer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electrolyzer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electrolyzer companies profiled in this report include-

• Cummins
• Siemens energy global
• Next hydrogen
• ITM power
• Toshiba
• McPhy energy
• Air liquid
• NEL
• Idroenergy
• Plug power

Electrolyzer Market Insights

Lucintel forecasts that alkaline electrolyzer will remain the largest segment over the forecast period due to the fact that it is a more mature technology and a low-cost section.

Europe will remain the largest region over the forecast period due to increased generation of green power for small-scale rural applications and green fuel, as well as, increased demand for fuel cell cars in this region.

Features of the Global Electrolyzer Market

Market Size Estimates: Electrolyzer market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electrolyzer market size by power rating, technology, application, and region in terms of value ($B).

Regional Analysis: Electrolyzer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different power rating, technology, application, and regions for the electrolyzer market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electrolyzer market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the electrolyzer market size?

Answer: The global electrolyzer market is expected to reach an estimated $6.9 billion by 2030.

Q2. What is the growth forecast for electrolyzer market?

Answer: The global electrolyzer market is expected to grow with a CAGR of 25.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the electrolyzer market?

Answer: The major drivers for this market are growing demand for hydrogen, technological advancements in electrolyzers, and stringent environmental regulations.

Q4. What are the major segments for electrolyzer market?

Answer: The future of the global electrolyzer market looks promising with opportunities in the energy, mobility, industrial, and grid injection markets.

Q5. Who are the key electrolyzer market companies?

Answer: Some of the key electrolyzer companies are as follows:

• Cummins
• Siemens energy global
• Next hydrogen
• ITM power
• Toshiba
• McPhy energy
• Air liquid
• NEL
• Idroenergy
• Plug power

Q6. Which electrolyzer market segment will be the largest in future?

Answer: Lucintel forecasts that alkaline electrolyzer will remain the largest segment over the forecast period due to the fact that it is a more mature technology and a low-cost section.

Q7. In electrolyzer market, which region is expected to be the largest in next 5 years?

Answer: Europe will remain the largest region over the forecast period due to increased generation of green power for small-scale rural applications and green fuel, as well as, increased demand for fuel cell cars in this region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electrolyzer market by power rating (<500 kw, 500-2,000 kw, and >2,000 kw), technology (alkaline electrolyzer, proton exchange membrane, solid oxide electrolyzer, and anion exchange membrane), application (energy, mobility, industrial, and grid injection), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?