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Electrolyzers Market
Electrolyzers Market by Type, Capacity (Less than 500 kW, 500 kW to 2 MW, More than 2 MW), Application (Mobility, Industrial Applications, Chemical Production, Other Applications) and Geography—Global Forecasts to 2030
Report ID:MRSE - 104774 Pages: 185 Feb-2023 Formats*: PDF Category: Semiconductor and Electronics Delivery: 2 to 4 HoursThe Electrolyzers Market is projected to reach $4.27 billion by 2030 from an estimated $1.11 billion in 2023, at a CAGR of 21.2% during the forecast period. The growth of this market is driven by the proliferation of renewable and nuclear technologies for electricity generation, increasing investments in green energy initiatives, and the growing government focus on hydrogen technologies. However, the shortage of raw materials restrains the growth of the global electrolyzers market.
The increasing affordability of electrolyzers is expected to create growth opportunities for the players operating in this market. However, the high energy requirements of electrolyzers are a major challenge for market growth.
Impact of COVID-19 on the Electrolyzers Market
The COVID-19 pandemic adversely impacted most economies around the globe. Governments enforced countrywide lockdowns to limit the spread of the infection. Restrictions were imposed on social and economic activities—particularly mobility—with a severe decline in energy use. These factors affected the electrolyzers market due to halted investments in the advancement of clean energy technologies.
The economic crisis following the COVID-19 pandemic delayed the adoption and commercial roll-out of clean hydrogen production technologies across industries, impacting the clean hydrogen sector. As a result, market players suffered a major liquidity shortage due to a steep drop in revenues. Large companies planning to invest in clean hydrogen production technology abandoned or scaled down plans, and investors became less inclined to finance the hydrogen sector.
Despite such challenges, climate change and environmental impacts remain major concerns globally. Various governments are undertaking initiatives to support the deployment of clean hydrogen technologies. For instance, as per Hydrogen Europe, the European Commission provided EUR 450–500 million (USD 431.7- 539.6 million) as financial support to Europe’s energy and transport sectors and energy-intensive industries with a strong commitment to decarbonization. In addition, the EC offers various incentives for the deployment of green hydrogen production technologies to commercial markets under the (RED II) Renewable Energy Directive. It is also undertaking initiatives to increase renewable energy share quotas and enable regulation to supply green power through grids. Thus, rising investments and government support are expected to drive the adoption of electrolyzers during the forecast period.
The global electrolyzers market is segmented by type, capacity, application, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.
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Proliferation of Renewable and Nuclear Technologies for Electricity Generation
The world’s electricity markets are experiencing the profound impacts of climate change. Heatwaves, cold snaps, droughts, and floods have become more frequent and intense, resulting in unstable and unreliable electricity supply. Grid operators are increasingly using renewable or nuclear technologies for electricity generation due to their viability for hydrogen production via electrolysis. Despite remarkable growth in the generation of renewable energy, electricity production from coal and gas has hit record levels, with coal accounting for 70% of all production in the energy & power sector. As a result, in 2021, carbon dioxide (CO2) emissions from power generation rose by 7%, reaching a record high after declining during 2019 and 2020.
Electricity is the major cost component in the production of green hydrogen. Therefore, there is a growing focus on nuclear and renewable energy sources such as wind, solar, hydro, and geothermal due to cost savings and zero greenhouse gas emissions in electricity production. Electricity generated from renewable sources is also economical due to advances in technology. Low installation costs are one of the major factors for the falling Levelized Cost of Electricity (LCOE) for solar and wind power.
Hydrogen production via electrolysis offers opportunities for intermittent power generation, a characteristic of some renewable energy technologies. However, electricity generation from renewable resources is expected to increase from 18% in 2018 to 31% in 2050. Various governments are also investing in technologies for hydrogen production. For instance, the U.S. Department of Energy has invested USD 750 million in advancing electrolysis technologies, driving down clean hydrogen fuel cell costs, and providing long-term support for hydrogen hubs and other industry deployments. These factors are boosting the demand for electrolyzers globally, driving the growth of the electrolyzers market.
Key Findings in the Electrolyzers Market Study:
The Polymer Electrolyte Membrane Electrolyzers Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on type, the global electrolyzers market is segmented into polymer electrolyte membrane (PEM) electrolyzers, alkaline electrolyzers, and solid oxide electrolyzers. The polymer electrolyte membrane electrolyzers segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to due to growing demand for large hydrogen plants and continuous product development by key players.
The Less than 500 kW Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on capacity, the global electrolyzers market is segmented into less than 500 kW, 500 kW to 2 MW, and more than 2 MW. The less than 500 kW segment is projected to register the highest CAGR during the forecast period due to the trend toward smaller capacities in applications such as fuel cells for batteries in mobility.
The Industrial Application Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on application, the global electrolyzers market is segmented into mobility, industrial applications, chemical production, and other applications. The industrial application segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the capability of green hydrogen to replace fossil fuels and the growing use of green hydrogen across all industries.
Asia-Pacific: Slated to Register the Highest CAGR During the Forecast Period
Based on geography, the global electrolyzers market is segmented into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia-Pacific is slated to register the highest CAGR during the forecast period. The growth of this market is mainly attributed to the rising focus on regulatory policies toward the development of hydrogen networks and their increasing applicability in industrial applications. Moreover, rising government initiatives to tackle climate change, investments in clean energy technologies, and growing energy consumption further boost market growth.
Key Players
The key players operating in the global electrolyzers market are Plug Power Inc. (U.S.), CUMMINS INC. (U.S.), ITM Power PLC (U.K.), Siemens Energy AG (Germany), thyssenkrupp nucera AG & CO. KGAA. (Germany), Nel ASA (Norway), McPhy Energy (France), BLOOM ENERGY CORPORATION (U.S.), Green Hydrogen Systems A/S (Denmark), Asahi Kasei Corporation (Japan), Sunfire GmbH (Germany), H-TEC SYSTEMS GmbH (Germany), ELOGEN SAS (France), Pure Energy Centre (U.K.), and Shannxi Hele Titanium Technology Co.,Ltd (China).
Scope of the Report:
Electrolyzers Market, by Type
- Alkaline Electrolyzers
- Polymer Electrolyte Membrane (PEM) Electrolyzers
- Solid Oxide Electrolyzers
Electrolyzers Market, by Capacity
- More than 2 MW
- 500 kW to 2 MW
- Less than 500 kW
Electrolyzers Market, by Application
- Industrial Applications
- Refineries
- Steel Industry
- Glass Plants
- Semiconductor Industry
- Natural Gas Plants
- Other Industrial Applications
- Chemical Production
- Ammonia Production
- Methanol Production
- Other Chemical Production
- Mobility
- Other Applications
Electrolyzers Market, by Geography
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Singapore
- Rest of Asia-Pacific
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- North America
- U.S.
- Canada
- Latin America
- Middle East & Africa
Key Questions Answered in the Report:
The global electrolyzers market is segmented by type, capacity, application, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets.
The global electrolyzers market is projected to reach $ 4.27 billion by 2030, at a CAGR of 21.2% from 2023 to 2030.
Based on the type, in 2023, the alkaline electrolyzers segment is expected to account for the largest share of the global electrolyzers market.
Based on application, in 2023, the industrial application segment is expected to account for the largest share of the global electrolyzers market.
The growth of this market is driven by the proliferation of renewable and nuclear technologies for electricity generation, increasing investments in green energy initiatives, and the growing government focus on hydrogen technologies.
The key players operating in the global electrolyzers market are Plug Power Inc. (U.S.), CUMMINS INC. (U.S.), ITM Power PLC (U.K.), Siemens Energy AG (Germany), thyssenkrupp nucera AG & CO. KGAA. (Germany), Nel ASA (Norway), McPhy Energy (France), BLOOM ENERGY CORPORATION (U.S.), Green Hydrogen Systems A/S (Denmark), Asahi Kasei Corporation (Japan), Sunfire GmbH (Germany), H-TEC SYSTEMS GmbH (Germany), ELOGEN SAS (France), Pure Energy Centre (U.K.), and Shannxi Hele Titanium Technology Co.,Ltd (China).
Asia-Pacific is projected to offer significant growth opportunities for this market. The growth of this region is mainly attributed to the rising focus on regulatory policies toward the development of hydrogen networks and their increasing applicability in industrial applications. Moreover, rising government initiatives to tackle climate change, investments in clean energy technologies, and growing energy consumption further boost market growth.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth forecast
2.4. Assumptions for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Type
3.3. Market Analysis, by Capacity
3.4. Market Analysis, by Application
3.5. Market Analysis, by Geography
3.6. Competitive Analysis
4. The Impact of COVID-19 on the Electrolyzers Market
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Global Electrolyzers Market: Impact Analysis of Market Drivers (2023–2030)
5.2.1.1. Proliferation of Renewable and Nuclear Technologies for Electricity Generation
5.2.1.2. Increasing Investments in Green Energy Initiatives
5.2.1.3. Growing Government Focus on Hydrogen Technologies
5.2.2. Global Electrolyzers Market: Impact Analysis of Market Restraints (2023–2030)
5.2.2.1. Shortage of Raw Materials
5.2.3. Global Electrolyzers Market: Impact Analysis of Market Opportunities (2023–2030)
5.2.3.1. Increasing Affordability of Electrolyzers
5.2.4. Global Electrolyzers Market: Impact Analysis of Market Challenges (2023–2030)
5.2.4.1. High Energy Requirements of Electrolyzers
5.3. Value Chain Analysis
5.4. Upstream Analysis
5.5. Downstream Analysis
6. Global Electrolyzers Market, by Type
6.1. Introduction
6.2. Alkaline Electrolyzers
6.3. Polymer Electrolyte Membrane (PEM) Electrolyzers
6.4. Solid Oxide Electrolyzers
7. Global Electrolyzers Market, by Capacity
7.1. Introduction
7.2. More than 2 MW
7.3. 500 kW to 2 MW
7.4. Less than 500 KW
8. Global Electrolyzers Market, by Application
8.1. Introduction
8.2. Industrial Applications
8.2.1. Refineries
8.2.2. Steel Industry
8.2.3. Glass Plants
8.2.4. Semiconductors Industry
8.2.5. Natural Gas Plants
8.2.6. Other Industrial Applications
8.3. Chemical Production
8.3.1. Ammonia Production
8.3.2. Methanol Production
8.3.3. Other Chemical Production
8.4. Mobility
8.5. Other Applications
9. Electrolyzers Market, by Geography
9.1. Introduction
9.2. Asia-Pacific
9.2.1. China
9.2.2. Japan
9.2.3. India
9.2.4. South Korea
9.2.5. Australia
9.2.6. Singapore
9.2.7. Rest of Asia-Pacific
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Netherlands
9.3.7. Rest of Europe
9.4. North America
9.4.1. U.S.
9.4.2. Canada
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Dashboard
10.3.1. Industry Leaders
10.3.2. Market Differentiators
10.3.3. Vanguards
10.3.4. Emerging Companies
10.4. Vendor Market Positioning
10.5. Market Share Analysis (2022)
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. McPhy Energy
11.2. Plug Power Inc.
11.3. Cummins Inc.
11.4. ITM Power PLC
11.5. Siemens Energy AG
11.6. Nel ASA
11.7. Green Hydrogen Systems A/S
11.8. Asahi Kasei Corporation
11.9. Sunfire GmbH
11.10. thyssenkrupp nucera AG & Co. KGaA (A subsidiary of thyssenkrupp AG)
11.11. Bloom Energy Corporation
11.12. H-Tec Systems GmbH
11.13. ELOGEN SAS (A Subsidiary of Gaztransport & Technigaz S.A)
11.14. Pure Energy Centre
11.15. Shannxi Hele Titanium Technology Co., Ltd
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Currency Conversion Rate, 2018–2022
Table 2 Global Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 3 Global Alkaline Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Polymer Electrolyte Membrane (PEM) Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Solid Oxide Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 7 Global Electrolyzers Market Size for More than 2 MW, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Electrolyzers Market Size for 500 kW to 2MW, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Electrolyzers Market Size for Less than 500 kW, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 11 Global Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 12 Global Electrolyzers Market Size for Industrial Applications, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Electrolyzers Market Size for Refineries, by Country/Region, 2021–2030 (USD Million)
Table 14 Global Electrolyzers Market Size for Steel Industry, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Electrolyzers Market Size for Glass Plants, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Electrolyzers Market Size for Semiconductors Industry, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Electrolyzers Market Size for Natural Gas Plants, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Electrolyzers Market Size for Other Industrial Applications, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 20 Global Electrolyzers Market Size for Chemical Production, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Electrolyzers Market Size for Ammonia Production, by Country/Region, 2021–2030 (USD Million)
Table 22 Global Electrolyzers Market Size for Methanol Production, by Country/Region, 2021–2030 (USD Million)
Table 23 Global Electrolyzers Market Size for Other Chemical Production, by Country/Region, 2021–2030 (USD Million)
Table 24 Global Electrolyzers Market Size for Mobility, by Country/Region, 2021–2030 (USD Million)
Table 25 Global Electrolyzers Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 26 Global Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 27 Asia-Pacific: Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 28 Asia-Pacific: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 29 Asia-Pacific: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 30 Asia-Pacific: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 31 Asia-Pacific: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 32 Asia-Pacific: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 33 China: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 34 China: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 35 China: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 36 China: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 37 China: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 38 Japan: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 39 Japan: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 40 Japan: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 41 Japan: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 42 Japan: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 43 India: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 44 India: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 45 India: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 46 India: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 47 India: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 48 South Korea: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 49 South Korea: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 50 South Korea: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 51 South Korea: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 52 South Korea: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 53 Australia: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 54 Australia: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 55 Australia: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 56 Australia: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 57 Australia: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 58 Singapore: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 59 Singapore: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 60 Singapore: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 61 Singapore: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 62 Singapore: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 63 Rest of Asia-Pacific: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 64 Rest of Asia-Pacific: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 65 Rest of Asia-Pacific: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 66 Rest of Asia-Pacific: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 67 Rest of Asia-Pacific: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 68 Europe: Electrolyzers Market Size, by Country/Region, 2021–2030 (USD Million)
Table 69 Europe: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 70 Europe: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 71 Europe: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 72 Europe: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 73 Europe: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 74 Germany: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 75 Germany: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 76 Germany: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 77 Germany: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 78 Germany: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 79 U.K.: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 80 U.K.: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 81 U.K.: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 82 U.K.: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 83 U.K.: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 84 France: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 85 France: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 86 France: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 87 France: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 88 France: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 89 Italy: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 90 Italy: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 91 Italy: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 92 Italy: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 93 Italy: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 94 Spain: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 95 Spain: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 96 Spain: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 97 Spain: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 98 Spain: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 99 Netherlands: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 100 Netherlands: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 101 Netherlands: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 102 Netherlands: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 103 Netherlands: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 104 Rest of Europe: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 105 Rest of Europe: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 106 Rest of Europe: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 107 Rest of Europe: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 108 Rest of Europe: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 109 North America: Electrolyzers Market Size, by Country, 2021–2030 (USD Million)
Table 110 North America: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 111 North America: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 112 North America: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 113 North America: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 114 North America: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 115 U.S.: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 116 U.S.: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 117 U.S.: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 118 U.S.: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 119 U.S.: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 120 Canada: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 121 Canada: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 122 Canada: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 123 Canada: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 124 Canada: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 125 Latin America: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 126 Latin America: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 127 Latin America: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 128 Latin America: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 129 Latin America: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 130 Middle East & Africa: Electrolyzers Market Size, by Type, 2021–2030 (USD Million)
Table 131 Middle East & Africa: Electrolyzers Market Size, by Capacity, 2021–2030 (USD Million)
Table 132 Middle East & Africa: Electrolyzers Market Size, by Application, 2021–2030 (USD Million)
Table 133 Middle East & Africa: Electrolyzers Market Size for Industrial Applications, by Type, 2021–2030 (USD Million)
Table 134 Middle East & Africa: Electrolyzers Market Size for Chemical Production, by Type, 2021–2030 (USD Million)
Table 135 Recent Developments by Major Market Players (2020–2023)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Key Insights
Figure 8 Electrolyzers Market Size, by Type, 2023 VS. 2030 (USD Million)
Figure 9 Electrolyzers Market Size, by Capacity, 2023 VS. 2030 (USD Million)
Figure 10 Electrolyzers Market, by Application, 2023 VS. 2030 (USD Million)
Figure 11 Geographic Snapshot: Global Electrolyzers Market
Figure 12 Market Dynamics
Figure 13 Value Chain: Electrolyzers Market
Figure 14 Global Electrolyzers Market Size, by Type, 2023 VS. 2030 (USD Million)
Figure 15 Global Electrolyzers Market Size, by Capacity, 2023 VS. 2030 (USD Million)
Figure 16 Global Electrolyzers Market Size, by Application, 2023 VS. 2030 (USD Million)
Figure 17 Global Electrolyzers Market Size, by Region, 2023 VS. 2030 (USD Million)
Figure 18 Geographic Snapshot: Asia-Pacific Electrolyzers Market
Figure 19 Geographic Snapshot: Europe Electrolyzers Market
Figure 20 Geographic Snapshot: North America Electrolyzers Market
Figure 21 Geographic Snapshot: Latin America Electrolyzers Market
Figure 22 Geographic Snapshot: Middle East & Africa Electrolyzers Market
Figure 23 Growth Strategies Adopted by Leading Market Players (2020–2023)
Figure 24 Competitive Dashboard: Electrolyzers Market
Figure 25 Vendor Market Positioning Analysis (2020-2023)
Figure 26 Global Electrolyzers Market Share, by Key Player (2022)
Figure 27 Key Player Benchmarking of Electrolyzers Market, by Capacity (GW)
Figure 28 McPhy Energy: Financial Overview (2021)
Figure 29 Plug Power Inc.: Financial Overview (2021)
Figure 30 Cummins Inc.: Financial Overview (2021)
Figure 31 ITM Power PLC: Financial Overview (2021)
Figure 32 Siemens AG: Financial Overview (2021)
Figure 33 Nel ASA: Financial Overview (2021)
Figure 34 Green Hydrogen Systems A/S: Financial Overview (2021)
Figure 35 Asahi Kasei Corporation: Financial Overview (2021)
Figure 36 thyssenkrupp AG: Financial Overview (2021)
Figure 37 Bloom Energy Corporation: Financial Overview (2021)
Figure 38 Gaztransport & Technigaz S.A: Financial Overview (2021)
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