Electrolyzers Market, by Technology (ALK, AEM, PEM, SOEC), Power Rating (<500 kW, 500–2,000 kW, above 2,000 kW), Application (Energy, Mobility, Industrial, Grid Injection), Component (Stack, Balance of Plant), and Region - Global Forecast to 2031

The electrolyzers market is projected to reach USD 14.48 billion by 2031 from USD 2.08 billion in 2025, registering a CAGR of 38.2%. Market growth is driven by the increasing deployment of renewable energy systems, industrial decarbonization programs, and clean mobility initiatives, all of which rely on electrolyzers for sustainable hydrogen production. Electrolyzers play a crucial role in enabling the supply of green hydrogen to industries such as chemicals, steel, refineries, and power generation, helping reduce emissions and ensure operational continuity across various applications. Government initiatives that promote renewable energy integration, net-zero targets, and energy security are accelerating the adoption of electrolyzers across industrial, utilities, mobility, and commercial sectors.

“<500 KW Segment, by Power Rating, to Record Highest CAGR from 2025 to 2031”

Electrolyzers with a power rating of <500 kW are expected to witness the highest CAGR due to their flexibility and suitability for small-scale and decentralized hydrogen production. These compact systems are widely used in hydrogen refueling stations, small industrial operations, and residential or community energy storage. Their lower upfront cost, ease of installation, and ability to support localized green hydrogen production make them highly attractive, especially in regions without access to large-scale hydrogen infrastructure. Rising demand for on-site hydrogen generation in renewable energy projects and mobility applications is further accelerating growth in this segment.

“Anion Exchange Membrane (AEM) Electrolyzers, by Technology, to Record Highest CAGR from 2025 to 2031”

AEM electrolyzers are expected to record the highest CAGR during the forecast period because they offer cost-effective hydrogen production without relying on expensive precious metal catalysts, such as platinum or iridium. AEM systems combine the key advantages of both alkaline and PEM technologies—good efficiency and compact design—while keeping costs low. Their ability to integrate easily with renewable energy for on-site hydrogen generation makes them increasingly attractive for industries and governments seeking affordable and sustainable green hydrogen solutions.

""Asia Pacific to account for largest share of electrolyzers market in 2031""

The Asia Pacific region is poised to emerge as a significant growth engine for the global electrolyzers market, driven by the expansion of renewable energy capacity, national hydrogen roadmaps, and increasing investment in domestic manufacturing. Countries such as China, India, Japan, South Korea, and Australia are developing large, integrated hydrogen hubs that combine electrolysis, ammonia synthesis, and export-oriented infrastructure. The increasing focus on energy security, industrial competitiveness, and the adoption of clean mobility, including hydrogen buses, trucks, and port equipment, is driving project development. Strong public–private partnerships, incentives for local production, and rapid cost declines in solar and wind technologies continue to accelerate the deployment of electrolyzers across the region.

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 60%, Tier 2 - 25%, and Tier 3 - 15%

By Designation: C-level Executives - 33%, Directors - 24%, and Others - 43%

By Region: North America - 25%, Europe - 25%, Asia Pacific – 30%, and Rest of the World – 20%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: >USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3:
thyssenkrupp nucera (Germany), Siemens Energy (Germany), John Cockerill, Nel (Norway), Cummins Inc. (US), Plug Power Inc. (US), LONGi (China), Asahi Kasei Corporation (Japan), Envision Group (China), ITM Power plc (UK), Sunfire GmbH (Germany), Enapter (Italy), Bloom Energy (US), SUNGROW (China), Next Hydrogen (Canada), Shandong AUYAN New Energy Technology Co., Ltd. (China), Quest One GmbH (Germany), TOPSOE (Denmark), Erre Due s.p.a. (Italy), Hygreen Energy (China), iGas energy GmbH (Germany), Cipher Neutron (Canada), HydrogenPro (Norway), Ohmium (US), and PERIC Hydrogen Technologies Co., Ltd. (China) are some major players in the electrolyzers market. The study includes an in-depth competitive analysis of these key players in the electrolyzers market, with their company profiles, recent developments, and key market strategies.

Study Coverage:

The report defines, describes, and forecasts the electrolyzers market by power rating (<500 kW, 500–2,000 kW, above 2,000 kW), technology (alkaline electrolyzer, proton exchange membrane, solid oxide electrolyzer, anion exchange membrane), application (energy, mobility, industrial, grid injection), component (stack, balance of plant), and region (North America, Europe, Asia Pacific, Rest of the World). The report's scope encompasses detailed information regarding the major factors, including drivers, restraints, challenges, and opportunities, which influence the growth of the electrolyzers market. A thorough analysis of the key industry players has provided insights into their business overview, solutions, and services, as well as key strategies such as contracts, partnerships, agreements, expansions, joint ventures, collaborations, and acquisitions. It also highlights recent developments associated with the electrolyzers market. This report provides a competitive analysis of emerging startups in the electrolyzers market ecosystem.

Key Benefits of Buying the Report

• The report includes the analysis of key drivers (Rapid Expansion of Electrolyzers Manufacturing Capacity Creating Structural Market Momentum, Accelerating Industrial Transformation Through Industry 4.0 and Green Hydrogen ), restraints (limited availability and concentration of critical materials, Electrolyzer manufacturers face severe financial strain as weak demand forces layoffs, closures, and restructuring globally), opportunities (expanding integration of renewable energy and electrolysis for decarbonization and energy balancing, government-led initiatives to boost green hydrogen development), and challenges (High electrolyzer costs and slow deployment are delaying hydrogen scale-up and limiting equipment reduction cost potential, supply-chain constraints coupled with slow fuel-cell electric vehicle (FCEV) adoption)
• Product Development/Innovation: Market participants in the electrolyzers industry are driving innovation across the value chain to enhance hydrogen production efficiency, operational reliability, and integration with renewable energy systems. Developments include modular and compact electrolyzer designs, higher stack efficiencies, and improved durability to support large-scale industrial and utility applications. In addition, manufacturers are incorporating advanced materials, next-generation membranes, and digital monitoring technologies to enhance safety, extend system lifespan, and enable predictive maintenance. Smart electrolyzer solutions are increasingly being paired with energy management systems, hydrogen hubs, and renewable power assets to optimize performance, reduce operating costs, and ensure stable hydrogen output.
• Market Development: In 2025 and 2024, John Cockerill and thyssenkrupp nucera expanded their electrolyzer capabilities with large-scale, sustainability-focused advancements in Europe. John Cockerill increased its hydrogen production capacity through a USD 134.5 million capital infusion to accelerate deployment of its next-generation pressurized alkaline electrolyzers. These systems deliver higher efficiency, improved durability, and scalable architectures for industrial hydrogen projects. thyssenkrupp nucera, meanwhile, opened its new 11,400 m² Dortmund headquarters equipped with geothermal heating, rooftop photovoltaics, and EV/e-bike charging, supporting sustainable operations and enhanced manufacturing coordination for global electrolyzer deployments.
• Market Diversification: The report offers a comprehensive analysis of the strategies employed by electrolyzer providers to facilitate market diversification. It outlines innovative products and operating models, as well as new partnership frameworks across various regions, underpinned by technology-driven business lines. The findings emphasize opportunities for expansion beyond traditional operations, identifying geographical areas and customer segments that are currently served but remain underserved and are suitable for strategic entry.
• Competitive Assessment: The report provides an in-depth assessment of market shares, growth strategies, and service offerings of leading players such as thyssenkrupp nucera (Germany), Siemens Energy (Germany), John Cockerill, Nel (Norway), Cummins Inc. (US), among others, in the electrolyzers market.

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Tables List

Table 1 Electrolyzers Market: Inclusions And Exclusions

Table 2 Effects Of Slow Market Development For Electrolyzer Manufacturers

Table 3 Key Moves And Strategic Focus Of Tier 1/2/3 Players

Table 4 Impact Of Porter's Five Forces Analysis

Table 5 Electrolyzers Market: Role Of Players In Ecosystem

Table 6 Export Data For Hs Code 280410-compliant Products, By Country, 2020–2024 (Usd Thousand)

Table 7 Import Data For Hs Code 280410-compliant Products, By Country, 2020–2024 (Usd Thousand)

Table 8 Electrolyzers Market: List Of Conferences And Events, 2025–2026

Table 9 Pricing Range Of Electrolyzers, By Technology, 2024, (Usd/Kw)

Table 10 Average Selling Price Trend Of Electrolyzers, By Region,

2020–2024, (Usd/Kw)

Table 11 Proton Exchange Membrane Components Cost Analysis,

By Region/Country, 2024 (Usd/Kw)

Table 12 Us-adjusted Reciprocal Tariff Rates

Table 13 Expected Change In Prices And Potential Impact On Market Players

Due To Tariff

Table 14 Characteristics Of Alkaline Electrolyzers

Table 15 Characteristics Of Proton Exchange Membranes

Table 16 Characteristics Of Anion Exchange Membrane Electrolyzers

Table 17 Characteristics Of Solid Oxide Electrolyzers

Table 18 Major Hydrogen Island Projects

Table 19 List Of Key Patents, 2023–2024

Table 20 North America: Regulatory Bodies, Government Agencies,

And Other Organizations

Table 21 Europe: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 22 Asia Pacific: List Of Regulatory Bodies, Government Agencies,

And Other Organizations

Table 23 Row: List Of Regulatory Bodies, Government Agencies, And Other Organizations

Table 24 Standards Related To Electrolyzer Industry

Table 25 North America: List Of Regulatory Policy Initiatives

Table 26 Europe: List Of Regulatory Policy Initiatives

Table 27 Asia Pacific: List Of Regulatory Policy Initiatives

Table 28 Row: List Of Regulatory Policy Initiatives

Table 29 Influence Of Stakeholders On Buying Process, By Application

Table 30 Key Buying Criteria, By Application

Table 31 Electrolyzers Market, By Technology, 2020–2024 (Usd Million)

Table 32 Electrolyzers Market, By Technology, 2025–2031 (Usd Million)

Table 33 Electrolyzers Market, By Technology, 2020–2024 (Kw)

Table 34 Electrolyzers Market, By Technology, 2025–2031 (Kw)

Table 35 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 36 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 37 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2020–2024 (Kw)

Table 38 Alkaline Electrolyzer: Electrolyzers Market, By Region,

2025–2031 (Kw)

Table 39 Anion Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2020–2024 (Usd Million)

Table 40 Anion Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2025–2031 (Usd Million)

Table 41 Anion Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2020–2024 (Kw)

Table 42 Anion Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2025–2031 (Kw)

Table 43 Proton Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2020–2024 (Usd Million)

Table 44 Proton Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2025–2031 (Usd Million)

Table 45 Proton Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2020–2024 (Kw)

Table 46 Proton Exchange Membrane Electrolyzer: Electrolyzers Market,

By Region, 2025–2031 (Kw)

Table 47 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 48 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 49 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2020–2024 (Kw)

Table 50 Solid Oxide Electrolyzer: Electrolyzers Market, By Region,

2025–2031 (Kw)

Table 51 Electrolyzers Market, By Component, 2020–2024 (Usd Million)

Table 52 Electrolyzers Market, By Component, 2025–2031 (Usd Million)

Table 53 Stack: Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 54 Stack: Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 55 Balance Of Plant: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 56 Balance Of Plant: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 57 Electrolyzers Market, By Power Rating, 2020–2024 (Usd Million)

Table 58 Electrolyzers Market, By Power Rating, 2025–2031 (Usd Million)

Table 59 <500 Kw: Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 60 <500 Kw: Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 61 500–2,000 Kw: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 62 500–2,000 Kw: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 63 Above 2,000 Kw: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 64 Above 2,000 Kw: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 65 Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 66 Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 67 Electrolyzers Market, By Application, 2020–2024 (Kw)

Table 68 Electrolyzers Market, By Application, 2025–2031 (Kw)

Table 69 Energy: Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 70 Energy: Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 71 Energy: Electrolyzers Market, By Region, 2020–2024 (Kw)

Table 72 Energy: Electrolyzers Market, By Region, 2025–2031 (Kw)

Table 73 Energy: Electrolyzers Market, By Type, 2020–2024 (Usd Million)

Table 74 Energy: Electrolyzers Market, By Type, 2025–2031 (Usd Million)

Table 75 Energy: Electrolyzers Market, By Type, 2020–2024 (Kw)

Table 76 Energy: Electrolyzers Market, By Type, 2025–2031 (Kw)

Table 77 Mobility: Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 78 Mobility: Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 79 Mobility: Electrolyzers Market, By Region, 2020–2024 (Kw)

Table 80 Mobility: Electrolyzers Market, By Region, 2025–2031 (Kw)

Table 81 Industrial: Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 82 Industrial: Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 83 Industrial: Electrolyzers Market, By Region, 2020–2024 (Kw

Table 84 Industrial: Electrolyzers Market, By Region, 2025–2031 (Kw)

Table 85 Industrial: Electrolyzers Market, By Type, 2020–2024 (Usd Million)

Table 86 Industrial: Electrolyzers Market, By Type, 2025–2031 (Usd Million)

Table 87 Industrial: Electrolyzers Market, By Type, 2020–2024 (Kw)

Table 88 Industrial: Electrolyzers Market, By Type, 2025–2031 (Kw)

Table 89 Grid Injection: Electrolyzers Market, By Region,

2020–2024 (Usd Million)

Table 90 Grid Injection: Electrolyzers Market, By Region,

2025–2031 (Usd Million)

Table 91 Grid Injection: Electrolyzers Market, By Region, 2020–2024 (Kw)

Table 92 Grid Injection: Electrolyzers Market, By Region, 2025–2031 (Kw)

Table 93 Electrolyzers Market, By Region, 2020–2024 (Usd Million)

Table 94 Electrolyzers Market, By Region, 2025–2031 (Usd Million)

Table 95 Electrolyzers Market, By Region, 2020–2024 (Kw)

Table 96 Electrolyzers Market, By Region, 2025–2030 (Kw)

Table 97 Asia Pacific: Electrolyzers Market, By Component,

2020–2024 (Usd Million)

Table 98 Asia Pacific: Electrolyzers Market, By Component,

2025–2031 (Usd Million)

Table 99 Asia Pacific: Electrolyzers Market, By Power Rating,

2020–2024 (Usd Million)

Table 100 Asia Pacific: Electrolyzers Market, By Power Rating,

2025–2031 (Usd Million)

Table 101 Asia Pacific: Electrolyzers Market, By Technology,

2020–2024 (Usd Million)

Table 102 Asia Pacific: Electrolyzers Market, By Technology,

2025–2031 (Usd Million)

Table 103 Asia Pacific: Electrolyzers Market, By Technology, 2020–2024 (Kw)

Table 104 Asia Pacific: Electrolyzers Market, By Technology, 2025–2031 (Kw)

Table 105 Asia Pacific: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 106 Asia Pacific: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 107 Asia Pacific: Electrolyzers Market, By Application, 2020–2024 (Kw)

Table 108 Asia Pacific: Electrolyzers Market, By Application, 2025–2031 (Kw)

Table 109 Asia Pacific: Electrolyzers Market, By Country,

2020–2024 (Usd Million)

Table 110 Asia Pacific: Electrolyzers Market, By Country,

2025–2031 (Usd Million)

Table 111 Asia Pacific: Electrolyzers Market, By Country, 2020–2024 (Kw)

Table 112 Asia Pacific: Electrolyzers Market, By Country, 2025–2031 (Kw)

Table 113 China: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 114 China: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 115 Japan: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 116 Japan: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 117 Australia: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 118 Australia: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 119 India: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 120 India: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 121 Rest Of Asia Pacific: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 122 Rest Of Asia Pacific: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 123 Europe: Electrolyzers Market, By Component, 2020–2024 (Usd Million)

Table 124 Europe: Electrolyzers Market, By Component, 2025–2031 (Usd Million)

Table 125 Europe: Electrolyzers Market, By Power Rating,

2020–2024 (Usd Million)

Table 126 Europe: Electrolyzers Market, By Power Rating,

2025–2031 (Usd Million)

Table 127 Europe: Electrolyzers Market, By Technology, 2020–2024 (Usd Million)

Table 128 Europe: Electrolyzers Market, By Technology, 2025–2031 (Usd Million)

Table 129 Europe: Electrolyzers Market, By Technology, 2020–2024 (Kw)

Table 130 Europe: Electrolyzers Market, By Technology, 2025–2031 (Kw)

Table 131 Europe: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 132 Europe: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 133 Europe: Electrolyzers Market, By Application, 2020–2024 (Kw)

Table 134 Europe: Electrolyzers Market, By Application, 2025–2031 (Kw)

Table 135 Europe: Electrolyzers Market, By Country, 2020–2024 (Usd Million)

Table 136 Europe: Electrolyzers Market, By Country, 2025–2031 (Usd Million)

Table 137 Europe: Electrolyzers Market, By Country, 2020–2024 (Kw)

Table 138 Europe: Electrolyzers Market, By Country, 2025–2031 (Kw)

Table 139 Germany: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 140 Germany: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 141 Uk: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 142 Uk: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 143 France: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 144 France: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 145 Denmark: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 146 Denmark: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 147 Austria: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 148 Austria: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 149 Netherlands: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 150 Netherlands: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 151 Norway: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 152 Norway: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 153 Rest Of Europe: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 154 Rest Of Europe: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 155 North America: Electrolyzers Market, By Component,

2020–2024 (Usd Million)

Table 156 North America: Electrolyzers Market, By Component,

2025–2031 (Usd Million)

Table 157 North America: Electrolyzers Market, By Power Rating,

2020–2024 (Usd Million)

Table 158 North America: Electrolyzers Market, By Power Rating,

2025–2031 (Usd Million)

Table 159 North America: Electrolyzers Market, By Technology,

2020–2024 (Usd Million)

Table 160 North America: Electrolyzers Market, By Technology,

2025–2031 (Usd Million)

Table 161 North America: Electrolyzers Market, By Technology, 2020–2024 (Kw)

Table 162 North America: Electrolyzers Market, By Technology, 2025–2031 (Kw)

Table 163 North America: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 164 North America: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 165 North America: Electrolyzers Market, By Application, 2020–2024 (Kw)

Table 166 North America: Electrolyzers Market, By Application, 2025–2031 (Kw)

Table 167 North America: Electrolyzers Market, By Country,

2020–2024 (Usd Million)

Table 168 North America: Electrolyzers Market, By Country,

2025–2031 (Usd Million)

Table 169 North America: Electrolyzers Market, By Country, 2020–2024 (Kw)

Table 170 North America: Electrolyzers Market, By Country, 2025–2031 (Kw)

Table 171 Us: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 172 Us: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 173 Canada: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 174 Canada: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 175 Row: Electrolyzers Market, By Component, 2020–2024 (Usd Million)

Table 176 Row: Electrolyzers Market, By Component, 2025–2031 (Usd Million)

Table 177 Row: Electrolyzers Market, By Technology, 2020–2024 (Usd Million)

Table 178 Row: Electrolyzers Market, By Technology, 2025–2031 (Usd Million)

Table 179 Row: Electrolyzers Market, By Technology, 2020–2024 (Kw)

Table 180 Row: Electrolyzers Market, By Technology, 2025–2031 (Kw)

Table 181 Row: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 182 Row: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 183 Row: Electrolyzers Market, By Application, 2020–2024 (Kw)

Table 184 Row: Electrolyzers Market, By Application, 2025–2031 (Kw)

Table 185 Row: Electrolyzers Market, By Power Rating, 2020–2024 (Usd Million)

Table 186 Row: Electrolyzers Market, By Power Rating, 2025–2031 (Usd Million)

Table 187 Row: Electrolyzers Market, By Country, 2020–2024 (Usd Million)

Table 188 Row: Electrolyzers Market, By Country, 2025–2031 (Usd Million)

Table 189 Row: Electrolyzers Market, By Country, 2020–2024 (Kw)

Table 190 Row: Electrolyzers Market, By Country, 2025–2031 (Kw)

Table 191 Gcc: Electrolyzers Market, By Country, 2020–2024 (Usd Million)

Table 192 Gcc: Electrolyzers Market, By Country, 2025–2031 (Usd Million)

Table 193 Gcc: Electrolyzers Market, By Country, 2020–2024 (Kw)

Table 194 Gcc: Electrolyzers Market, By Country, 2025–2031 (Kw)

Table 195 Egypt: Electrolyzers Market, By Application, 2020–2024 (Usd Million)

Table 196 Egypt: Electrolyzers Market, By Application, 2025–2031 (Usd Million)

Table 197 Saudi Arabia: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 198 Saudi Arabia: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 199 Rest Of Gcc: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 200 Rest Of Gcc: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 201 Other Countries: Electrolyzers Market, By Application,

2020–2024 (Usd Million)

Table 202 Other Countries: Electrolyzers Market, By Application,

2025–2031 (Usd Million)

Table 203 Electrolyzers Market: Overview Of Strategies Adopted By Key Players, January 2021–november 2025

Table 204 Electrolyzers Market: Degree Of Competition, 2024

Table 205 Electrolyzers Market: Region Footprint

Table 206 Electrolyzers Market: Technology Footprint

Table 207 Electrolyzers Market: Application Footprint

Table 208 Electrolyzers Market: Power Rating Footprint

Table 209 Electrolyzers Market: Detailed List Of Key Startups/Smes

Table 210 Electrolyzers Market: Competitive Benchmarking Of Key Startups/Smes

Table 211 Electrolyzers Market: Product Launches, January 2021–

November 2025

Table 212 Electrolyzers Market: Deals, January 2021–november 2025

Table 213 Electrolyzers Market: Expansion, January 2021–november 2025

Table 214 Electrolyzers Market: Other Developments, January 2021–

November 2025

Table 215 Thyssenkrupp Nucera: Company Overview

Table 216 Thyssenkrupp Nucera: Products/Solutions/Services Offered

Table 217 Thyssenkrupp Nucera: Product Specifications

Table 218 Thyssenkrupp Nucera: Deals

Table 219 Thyssenkrupp Nucera: Expansions

Table 220 Thyssenkrupp Nucera: Other Developments

Table 221 John Cockerill: Company Overview

Table 222 John Cockerill: Products/Solutions/Services Offered

Table 223 John Cockerill: Product Specifications

Table 224 John Cockerill: Deals

Table 225 John Cockerill: Expansions

Table 226 John Cockerill: Other Developments

Table 227 Nel: Company Overview

Table 228 Nel: Products/Solutions/Services Offered

Table 229 Nel: Product Specifications

Table 230 Nel: Product Launches

Table 231 Nel: Deals

Table 232 Nel: Expansions

Table 233 Nel: Other Developments

Table 234 Siemens Energy: Company Overview

Table 235 Siemens Energy: Products/Solutions/Services Offered

Table 236 Siemens Energy: Product Specifications

Table 237 Siemens Energy: Deals

Table 238 Siemens Energy: Expansions

Table 239 Siemens Energy: Other Developments

Table 240 Cummins Inc.: Company Overview

Table 241 Cummins Inc.: Products/Solutions/Services Offered

Table 242 Cummins Inc.: Product Specifications

Table 243 Cummins Inc.: Deals

Table 244 Cummins Inc.: Expansions

Table 245 Cummins Inc.: Other Developments

Table 246 Plug Power Inc.: Company Overview

Table 247 Plug Power Inc.: Products/Solutions/Services Offered

Table 248 Plug Power Inc.: Deals

Table 249 Plug Power Inc.: Expansions

Table 250 Plug Power Inc.: Other Developments

Table 251 Enapter: Company Overview

Table 252 Enapter: Products/Solutions/Services Offered

Table 253 Enapter: Product Launches

Table 254 Enapter: Deals

Table 255 Enapter: Other Developments

Table 256 Itm Power Plc: Company Overview

Table 257 Itm Power Plc: Products/Solutions/Services Offered

Table 258 Itm Power Plc: Deals

Table 259 Itm Power Plc: Expansions

Table 260 Itm Power Plc: Other Developments

Table 261 Sungrow: Company Overview

Table 262 Sungrow: Products/Solutions/Services Offered

Table 263 Sungrow: Product Launches

Table 264 Sungrow: Deals

Table 265 Longi: Company Overview

Table 266 Longi: Products/Solutions/Services Offered

Table 267 Longi: Deals

Table 268 Longi: Expansions

Table 269 Longi: Other Developments

Table 270 Sunfire Se: Company Overview

Table 271 Sunfire Se: Products/Solutions/Services Offered

Table 272 Sunfire Se: Deals

Table 273 Sunfire Se: Expansions

Table 274 Sunfire Se: Other Developments

Table 275 Bloom Energy: Company Overview

Table 276 Bloom Energy: Products/Solutions/Services Offered

Table 277 Bloom Energy: Deals

Table 278 Bloom Energy: Expansions

Table 279 Bloom Energy: Other Developments

Table 280 Envision Group: Company Overview

Table 281 Envision Group: Products/Solutions/Services Offered

Table 282 Envision Group: Deals

Table 283 Envision Group: Expansions

Table 284 Envision Group: Other Developments

Table 285 Asahi Kasei Corporation: Company Overview

Table 286 Asahi Kasei Corporation: Products/Solutions/Services Offered

Table 287 Asahi Kasei Corporation: Deals

Table 288 Asahi Kasei Corporation: Expansions

Table 289 Asahi Kasei Corporation: Other Developments

Table 290 Next Hydrogen: Company Overview

Table 291 Next Hydrogen: Products/Solutions/Services Offered

Table 292 Next Hydrogen: Deals

Table 293 Next Hydrogen: Other Developments

Table 294 Peric Hydrogen Technologies Co., Ltd: Company Overview

Table 295 Cipher Neutron: Company Overview

Table 296 Shandong Auyan New Energy Technology Co., Ltd.: Company Overview

Table 297 Erre Due S.P.A.: Company Overview

Table 298 Hydrogenpro: Company Overview

Table 299 Igas Energy Gmbh: Company Overview

Table 300 Topsoe: Company Overview

Table 301 Hygreen Energy: Company Overview

Table 302 Ohmium: Company Overview

Table 303 Quest One Gmbh: Company Overview

Table 304 List Of Primary Interview Participants

Table 305 Data Obtained From Primary Sources

Figures List

Figure 1 Electrolyzers Market Segmentation And Regional Scope

Figure 2 Duration Considered

Figure 3 Key Insights And Market Highlights

Figure 4 Global Electrolyzers Market, 2021–2031

Figure 5 Major Strategies Adopted By Key Players In Electrolyzers

Market (2020–2025)

Figure 6 Disruptive Trends Impacting Growth Of Electrolyzers Market

Figure 7 High-growth Segments In Electrolyzers Market, 2025–2030

Figure 8 Europe To Register Highest Growth Rate During Forecast Period

Figure 9 Increasing Focus On Low-carbon Hydrogen To Boost Demand During Forecast Period

Figure 10 Europe To Record Highest Cagr During Forecast Period

Figure 11 Alkaline Electrolyzer Segment To Account For Largest Market

Share In 2031

Figure 12 Balance Of Plant Segment To Secure Larger Market Share In 2031

Figure 13 <500 Kw Segment To Account For Largest Market Share In 2031

Figure 14 Industrial Segment To Hold Largest Market Share In 2031

Figure 15 Above 2,000 Kw And China Accounted For Largest Shares Of

Asia Pacific Electrolyzers Market In 2025

Figure 16 Electrolyzers Market: Drivers, Restraints, Opportunities,

And Challenges

Figure 17 Announced Electrolyzers Manufacturing Capacity, By Region

Figure 18 Global Installed Renewable Energy Capacity, By Technology,

2024 (Gw)

Figure 19 Global Deployment Of Number Of Fcevs, 2020–2025

Figure 20 Electrolyzers Market: Interconnected Market And Mnm Coverage

Figure 21 Porter's Five Forces Analysis

Figure 22 Electrolyzers Market: Value Chain Analysis

Figure 23 Electrolyzers Market: Ecosystem Analysis

Figure 24 Export Scenario For Hs Code 280410-compliant Products,

By Country, 2020–2024

Figure 25 Import Scenario For Hs Code 280410-compliant Products,

By Country, 2020–2024

Figure 26 Average Selling Price Trend Of Electrolyzers, By Region, 2020–2024

Figure 27 Manufacturing Cost Analysis Of Pem Electrolyzers, 2024

Figure 28 Trends/Disruptions Impacting Customer Business

Figure 29 Investment And Funding Scenario, 2024

Figure 30 Techno-economic Roadmap For Electrolyzers

Figure 31 Patents Applied And Granted, 2015–2024

Figure 32 Impact Of Generative Ai/Ai, By Application

Figure 33 Electrolyzers Market: Factors Influencing Decision-making

Figure 34 Influence Of Stakeholders On Buying Process, By Application

Figure 35 Key Buying Criteria, By Application

Figure 36 Electrolyzers Market, By Technology, 2025

Figure 37 Balance Of Plant Segment To Dominate Market In 2025

Figure 38 Above 2,000 Kw Segment To Dominate Market In 2025

Figure 39 Electrolyzers Market, By Application, 2025

Figure 40 North America To Register Highest Cagr During Forecast Period

Figure 41 Electrolyzers Market, By Region, 2025

Figure 42 Asia Pacific: Electrolyzers Market Snapshot

Figure 43 Europe: Electrolyzers Market Snapshot

Figure 44 Market Share Analysis Of Companies Offering Electrolyzers, 2024

Figure 45 Electrolyzers Market: Revenue Analysis Of Top Four Players,

2020–2024

Figure 46 Company Valuation

Figure 47 Financial Metrics (Ev/Ebitda)

Figure 48 Product Comparison

Figure 49 Electrolyzers Market: Company Evaluation Matrix (Key Players), 2024

Figure 50 Electrolyzers Market: Company Footprint

Figure 51 Electrolyzers Market: Company Evaluation Matrix

(Startups/Smes), 2024

Figure 52 Thyssenkrupp Nucera: Company Snapshot

Figure 53 Nel: Company Snapshot

Figure 54 Siemens Energy: Company Snapshot

Figure 55 Cummins Inc.: Company Snapshot

Figure 56 Plug Power Inc.: Company Snapshot

Figure 57 Enapter: Company Snapshot

Figure 58 Itm Power Plc: Company Snapshot

Figure 59 Sungrow: Company Snapshot

Figure 60 Longi: Company Snapshot

Figure 61 Bloom Energy: Company Snapshot

Figure 62 Asahi Kasei Corporation: Company Snapshot

Figure 63 Next Hydrogen: Company Snapshot

Figure 64 Electrolyzers Market: Research Design

Figure 65 Key Data From Secondary Sources

Figure 66 Insights From Industry Experts

Figure 67 Electrolyzers Market: Bottom-up Approach

Figure 68 Electrolyzers Market: Top-down Approach

Figure 69 Key Metrics Considered To Analyze Demand For Electrolyzers

Figure 70 Key Metrics Considered To Assess Supply Of Electrolyzers

Figure 71 Electrolyzers Market: Supply-side Analysis

Figure 72 Industry Concentration, 2024

Figure 73 Electrolyzers Market: Data Triangulation

Figure 74 Electrolyzers Market: Research Limitations

Figure 75 Insights From Industry Experts