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Global Hydrogen Electrolyzers Market 2023-2027

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    Report

  • 120 Pages
  • November 2022
  • Region: Global
  • TechNavio
  • ID: 5483312
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The hydrogen electrolyzers market is poised to grow by $119.34 million over 2023-2027, accelerating at a CAGR of 7.24% during the forecast period. The market is driven by the integration of renewables with hydrogen electrolyzers, the growing adoption of fuel cell-powered vehicles, and the rising demand for hydrogen electrolyzers from the industrial sector.

This report on the hydrogen electrolyzers market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The hydrogen electrolyzers market is segmented as below:

By Type

  • Alkaline Electrolyzers
  • PEM Electrolyzers
  • Capacity Outlook
  • 500 kW to 2 MW
  • Less than 500 kW
  • Above 2 MW

By Geography

  • North America
  • Europe
  • APAC
  • Middle East and Africa
  • South America
This study identifies the increasing strategic partnerships for clean hydrogen generation as one of the prime reasons driving the hydrogen electrolyzers market growth during the next few years. Also, the growing focus on using clean hydrogen in refineries and the rising usage of fuel cells in the stationary power sector will lead to sizable demand in the market.

This report on the hydrogen electrolyzers market covers the following areas:

  • Hydrogen electrolyzers market sizing
  • Hydrogen electrolyzers market forecast
  • Hydrogen electrolyzers market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrogen electrolyzers market vendors that include Asahi Kasei Corp., Cockerill JingLi Hydrogen, Cummins Inc., ELTRA GmbH, Frames Energy Systems BV, Giner Inc., Hitachi Zosen Corp., Idroenergy Spa, ITM Power plc, Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Siemens AG, SwissHydrogen SA, Teledyne Technologies Inc., TianJin Mainland Hydrogen Equipment, Yangzhou Zhongdian hydrogen production, and Gaztransport and Technigaz SA. Also, the hydrogen electrolyzers market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Capacity
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global hydrogen electrolyzers market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global hydrogen electrolyzers market 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Capacity Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Capacity Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type - Market share 2022-2027 (%)
Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Alkaline Electrolyzers - Market size and forecast 2022-2027
Exhibit 34: Chart on Alkaline Electrolyzers - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Alkaline Electrolyzers - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Alkaline Electrolyzers - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Alkaline Electrolyzers - Year-over-year growth 2022-2027 (%)
6.4 PEM Electrolyzers - Market size and forecast 2022-2027
Exhibit 38: Chart on PEM Electrolyzers - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on PEM Electrolyzers - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on PEM Electrolyzers - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on PEM Electrolyzers - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Capacity
7.1 Market segments
Exhibit 43: Chart on Capacity - Market share 2022-2027 (%)
Exhibit 44: Data Table on Capacity - Market share 2022-2027 (%)
7.2 Comparison by Capacity
Exhibit 45: Chart on Comparison by Capacity
Exhibit 46: Data Table on Comparison by Capacity
7.3 500 kW to 2 MW - Market size and forecast 2022-2027
Exhibit 47: Chart on 500 kW to 2 MW - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on 500 kW to 2 MW - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on 500 kW to 2 MW - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on 500 kW to 2 MW - Year-over-year growth 2022-2027 (%)
7.4 Less than 500 kW - Market size and forecast 2022-2027
Exhibit 51: Chart on Less than 500 kW - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Less than 500 kW - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Less than 500 kW - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Less than 500 kW - Year-over-year growth 2022-2027 (%)
7.5 Above 2 MW - Market size and forecast 2022-2027
Exhibit 55: Chart on Above 2 MW - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Above 2 MW - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Above 2 MW - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Above 2 MW - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Capacity
Exhibit 59: Market opportunity by Capacity ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 Sweden - Market size and forecast 2022-2027
Exhibit 93: Chart on Sweden - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Sweden - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Sweden - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Sweden - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Asahi Kasei Corp.
Exhibit 112: Asahi Kasei Corp. - Overview
Exhibit 113: Asahi Kasei Corp. - Business segments
Exhibit 114: Asahi Kasei Corp. - Key news
Exhibit 115: Asahi Kasei Corp. - Key offerings
Exhibit 116: Asahi Kasei Corp. - Segment focus
12.4 Cockerill JingLi Hydrogen
Exhibit 117: Cockerill JingLi Hydrogen - Overview
Exhibit 118: Cockerill JingLi Hydrogen - Product / Service
Exhibit 119: Cockerill JingLi Hydrogen - Key offerings
12.5 Enapter Srl
Exhibit 120: Enapter Srl - Overview
Exhibit 121: Enapter Srl - Product / Service
Exhibit 122: Enapter Srl - Key offerings
12.6 Frames Energy Systems BV
Exhibit 123: Frames Energy Systems BV - Overview
Exhibit 124: Frames Energy Systems BV - Product / Service
Exhibit 125: Frames Energy Systems BV - Key offerings
12.7 Gaztransport and Technigaz SA
Exhibit 126: Gaztransport and Technigaz SA - Overview
Exhibit 127: Gaztransport and Technigaz SA - Business segments
Exhibit 128: Gaztransport and Technigaz SA - Key offerings
Exhibit 129: Gaztransport and Technigaz SA - Segment focus
12.8 Giner Inc.
Exhibit 130: Giner Inc. - Overview
Exhibit 131: Giner Inc. - Product / Service
Exhibit 132: Giner Inc. - Key offerings
12.9 Kobe Steel Ltd.
Exhibit 133: Kobe Steel Ltd. - Overview
Exhibit 134: Kobe Steel Ltd. - Business segments
Exhibit 135: Kobe Steel Ltd. - Key offerings
Exhibit 136: Kobe Steel Ltd. - Segment focus
12.10 McPhy Energy SA
Exhibit 137: McPhy Energy SA - Overview
Exhibit 138: McPhy Energy SA - Product / Service
Exhibit 139: McPhy Energy SA - Key offerings
12.11 Nel ASA
Exhibit 140: Nel ASA - Overview
Exhibit 141: Nel ASA - Business segments
Exhibit 142: Nel ASA - Key offerings
Exhibit 143: Nel ASA - Segment focus
12.12 Shandong Saikesaisi Hydrogen Energy Co., Ltd.
Exhibit 144: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Overview
Exhibit 145: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Product / Service
Exhibit 146: Shandong Saikesaisi Hydrogen Energy Co., Ltd. - Key offerings
12.13 Siemens AG
Exhibit 147: Siemens AG - Overview
Exhibit 148: Siemens AG - Business segments
Exhibit 149: Siemens AG - Key news
Exhibit 150: Siemens AG - Key offerings
Exhibit 151: Siemens AG - Segment focus
12.14 SwissHydrogen SA
Exhibit 152: SwissHydrogen SA - Overview
Exhibit 153: SwissHydrogen SA - Product / Service
Exhibit 154: SwissHydrogen SA - Key offerings
12.15 Teledyne Technologies Inc.
Exhibit 155: Teledyne Technologies Inc. - Overview
Exhibit 156: Teledyne Technologies Inc. - Business segments
Exhibit 157: Teledyne Technologies Inc. - Key news
Exhibit 158: Teledyne Technologies Inc. - Key offerings
Exhibit 159: Teledyne Technologies Inc. - Segment focus
12.16 TianJin Mainland Hydrogen Equipment
Exhibit 160: TianJin Mainland Hydrogen Equipment - Overview
Exhibit 161: TianJin Mainland Hydrogen Equipment - Product / Service
Exhibit 162: TianJin Mainland Hydrogen Equipment - Key offerings
12.17 Yangzhou Zhongdian hydrogen production
Exhibit 163: Yangzhou Zhongdian hydrogen production - Overview
Exhibit 164: Yangzhou Zhongdian hydrogen production - Product / Service
Exhibit 165: Yangzhou Zhongdian hydrogen production - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 166: Inclusions checklist
Exhibit 167: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 168: Currency conversion rates for US$
13.4 Research methodology
Exhibit 169: Research methodology
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
13.5 List of abbreviations
Exhibit 172: List of abbreviations

Executive Summary

The analyst recognizes the following companies as the key players in the global hydrogen electrolyzers market: Asahi Kasei Corp., Cockerill JingLi Hydrogen, Cummins Inc., ELTRA GmbH, Enapter Srl, Frames Energy Systems BV, Giner Inc., Hitachi Zosen Corp., Idroenergy Spa, ITM Power plc, Kobe Steel Ltd., McPhy Energy SA, Nel ASA, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Siemens AG, SwissHydrogen SA, Teledyne Technologies Inc., TianJin Mainland Hydrogen Equipment, Yangzhou Zhongdian hydrogen production, and Gaztransport and Technigaz SA.

Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is increasing strategic partnerships for clean hydrogen generation.'

According to the report, one of the major drivers for this market is the integration of renewables with hydrogen electrolyzers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Asahi Kasei Corp.
  • Cockerill JingLi Hydrogen
  • Cummins Inc.
  • ELTRA GmbH
  • Enapter Srl
  • Frames Energy Systems BV
  • Giner Inc.
  • Hitachi Zosen Corp.
  • Idroenergy Spa
  • ITM Power plc
  • Kobe Steel Ltd.
  • McPhy Energy SA
  • Nel ASA
  • Shandong Saikesaisi Hydrogen Energy Co. Ltd.
  • Siemens AG
  • SwissHydrogen SA
  • Teledyne Technologies Inc.
  • TianJin Mainland Hydrogen Equipment
  • Yangzhou Zhongdian hydrogen production
  • Gaztransport and Technigaz SA

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