Electrolyzer Market

Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.

Electrolyzer Market contains market size and forecasts of Electrolyzer in global, including the following market information:

Global Electrolyzer Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Electrolyzer Market Sales, 2017-2022, 2023-2028, (Unit)

Global top five Electrolyzer companies in 2021 (%)

The global Electrolyzer market was valued at 225.5 million in 2021 and is projected to reach US$ 710 million by 2028, at a CAGR of 17.8% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Traditional Alkaline Electroliser Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Electrolyzer include Cummins, Teledyne Energy Systems, Suzhou Jingli, McPhy, TianJin Mainland, Siemens, Nel Hydrogen, Toshiba and Yangzhou Chungdean Hydrogen Equipment, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Electrolyzer manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Electrolyzer Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Unit)

Global Electrolyzer Market Segment Percentages, by Type, 2021 (%)

Traditional Alkaline Electroliser

PEM Electroliser

Global Electrolyzer Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Unit)

Global Electrolyzer Market Segment Percentages, by Application, 2021 (%)

Power Plants

Steel Plant

Electronics and Photovoltaics

Industrial Gases

Energy Storage or Fueling for FCEV's

Power to Gas

Others

Global Electrolyzer Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Unit)

Global Electrolyzer Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Electrolyzer revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Electrolyzer revenues share in global market, 2021 (%)

Key companies Electrolyzer sales in global market, 2017-2022 (Estimated), (Unit)

Key companies Electrolyzer sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Cummins

Teledyne Energy Systems

Suzhou Jingli

McPhy

TianJin Mainland

Siemens

Nel Hydrogen

Toshiba

Yangzhou Chungdean Hydrogen Equipment

Elogen

ITM Power

Idroenergy Spa

Erredue SpA

Kobelco Eco-Solutions

ShaanXi HuaQin

EM Solution

Beijing Zhongdian

H2B2

Elchemtech

Verde LLC

Shandong Saksay Hydrogen Energy

Asahi Kasei

ELB Elektrolyse technik GmbH