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Global Electrolyzers Market 2024-2028

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    Report

  • 179 Pages
  • February 2024
  • Region: Global
  • TechNavio
  • ID: 5876751
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The electrolyzers market is forecasted to grow by USD 1,003.29 mn during 2023-2028, accelerating at a CAGR of 26.71% during the forecast period. The report on the 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing launch of electrolyzers by vendors, rising number of expansion initiatives by vendors, and upsurge in decarbonization initiatives globally.

The electrolyzers market is segmented as below:

By Application

  • Energy
  • Mobility
  • Industrial
  • Grid injection

By Technology

  • Alkaline electrolyzers
  • Proton exchange membrane
  • Solid oxide
  • Anion exchange membrane

By Geographical Landscape

  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa
This study identifies the growing focus on using clean hydrogen in refineries as one of the prime reasons driving the electrolyzers market growth during the next few years. Also, increasing partnerships and collaboration among vendors and rising investments in electrolyzers will lead to sizable demand in the market.

The report on the electrolyzers market covers the following areas:

  • Electrolyzers market sizing
  • Electrolyzers market forecast
  • 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 electrolyzers market vendors that include Advanced Ionics, Air Liquide SA, ALFA LAVAL, Asahi Kasei Corp., Bloom Energy Corp., Brise Chemical Pvt. Ltd., Cummins Inc., DENSO Corp., ELECTRIC HYDROGEN, Enapter S.r.l., General Electric Co., ITM Power plc, John Cockerill, Kobe Steel Ltd., LONGi Green Energy Technology Co. Ltd., MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, Ohmium International Inc., Plug Power Inc., Siemens AG, Sunfire GmbH, Sungrow Power Supply Co. Ltd., Teledyne Technologies Inc., thyssenkrupp AG, Topsoe AS, and Verdagy. Also, the 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 publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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 research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the 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 Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technology
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 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global electrolyzers market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global electrolyzers market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Technology Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Energy - Market size and forecast 2023-2028
Exhibit 34: Chart on Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Energy - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Energy - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Energy - Year-over-year growth 2023-2028 (%)
6.4 Mobility - Market size and forecast 2023-2028
Exhibit 38: Chart on Mobility - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Mobility - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Mobility - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Mobility - Year-over-year growth 2023-2028 (%)
6.5 Industrial - Market size and forecast 2023-2028
Exhibit 42: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.6 Grid injection - Market size and forecast 2023-2028
Exhibit 46: Chart on Grid injection - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Grid injection - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Grid injection - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Grid injection - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)
Exhibit 51: Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by Technology
7.1 Market segments
Exhibit 52: Chart on Technology - Market share 2023-2028 (%)
Exhibit 53: Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
Exhibit 54: Chart on Comparison by Technology
Exhibit 55: Data Table on Comparison by Technology
7.3 Alkaline electrolyzers - Market size and forecast 2023-2028
Exhibit 56: Chart on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
7.4 Proton exchange membrane - Market size and forecast 2023-2028
Exhibit 60: Chart on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
7.5 Solid oxide - Market size and forecast 2023-2028
Exhibit 64: Chart on Solid oxide - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Data Table on Solid oxide - Market size and forecast 2023-2028 ($ million)
Exhibit 66: Chart on Solid oxide - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Solid oxide - Year-over-year growth 2023-2028 (%)
7.6 Anion exchange membrane - Market size and forecast 2023-2028
Exhibit 68: Chart on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Data Table on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibit 70: Chart on Anion exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibit 71: Data Table on Anion exchange membrane - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by Technology
Exhibit 72: Market opportunity by Technology ($ million)
Exhibit 73: Data Table on Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 75: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 77: Chart on Geographic comparison
Exhibit 78: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 US - Market size and forecast 2023-2028
Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 119: Market opportunity By Geographical Landscape ($ million)
Exhibit 120: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 121: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 123: Overview on factors of disruption
11.4 Industry risks
Exhibit 124: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 125: Vendors covered
12.2 Market positioning of vendors
Exhibit 126: Matrix on vendor position and classification
12.3 Asahi Kasei Corp.
Exhibit 127: Asahi Kasei Corp. - Overview
Exhibit 128: Asahi Kasei Corp. - Business segments
Exhibit 129: Asahi Kasei Corp. - Key news
Exhibit 130: Asahi Kasei Corp. - Key offerings
Exhibit 131: Asahi Kasei Corp. - Segment focus
12.4 Bloom Energy Corp.
Exhibit 132: Bloom Energy Corp. - Overview
Exhibit 133: Bloom Energy Corp. - Product/Service
Exhibit 134: Bloom Energy Corp. - Key news
Exhibit 135: Bloom Energy Corp. - Key offerings
12.5 Cummins Inc.
Exhibit 136: Cummins Inc. - Overview
Exhibit 137: Cummins Inc. - Business segments
Exhibit 138: Cummins Inc. - Key offerings
Exhibit 139: Cummins Inc. - Segment focus
12.6 Enapter S.r.l.
Exhibit 140: Enapter S.r.l. - Overview
Exhibit 141: Enapter S.r.l. - Product/Service
Exhibit 142: Enapter S.r.l. - Key offerings
12.7 ITM Power plc
Exhibit 143: ITM Power plc - Overview
Exhibit 144: ITM Power plc - Product/Service
Exhibit 145: ITM Power plc - Key offerings
12.8 Kobe Steel Ltd.
Exhibit 146: Kobe Steel Ltd. - Overview
Exhibit 147: Kobe Steel Ltd. - Business segments
Exhibit 148: Kobe Steel Ltd. - Key offerings
Exhibit 149: Kobe Steel Ltd. - Segment focus
12.9 MAN Energy Solutions SE
Exhibit 150: MAN Energy Solutions SE - Overview
Exhibit 151: MAN Energy Solutions SE - Product/Service
Exhibit 152: MAN Energy Solutions SE - Key offerings
12.10 McPhy Energy SA
Exhibit 153: McPhy Energy SA - Overview
Exhibit 154: McPhy Energy SA - Product/Service
Exhibit 155: McPhy Energy SA - Key news
Exhibit 156: McPhy Energy SA - Key offerings
12.11 Nel ASA
Exhibit 157: Nel ASA - Overview
Exhibit 158: Nel ASA - Business segments
Exhibit 159: Nel ASA - Key offerings
Exhibit 160: Nel ASA - Segment focus
12.12 Plug Power Inc.
Exhibit 161: Plug Power Inc. - Overview
Exhibit 162: Plug Power Inc. - Product/Service
Exhibit 163: Plug Power Inc. - Key offerings
12.13 Siemens AG
Exhibit 164: Siemens AG - Overview
Exhibit 165: Siemens AG - Business segments
Exhibit 166: Siemens AG - Key news
Exhibit 167: Siemens AG - Key offerings
Exhibit 168: Siemens AG - Segment focus
12.14 Sunfire GmbH
Exhibit 169: Sunfire GmbH - Overview
Exhibit 170: Sunfire GmbH - Product/Service
Exhibit 171: Sunfire GmbH - Key offerings
12.15 Teledyne Technologies Inc.
Exhibit 172: Teledyne Technologies Inc. - Overview
Exhibit 173: Teledyne Technologies Inc. - Business segments
Exhibit 174: Teledyne Technologies Inc. - Key news
Exhibit 175: Teledyne Technologies Inc. - Key offerings
Exhibit 176: Teledyne Technologies Inc. - Segment focus
12.16 thyssenkrupp AG
Exhibit 177: thyssenkrupp AG - Overview
Exhibit 178: thyssenkrupp AG - Business segments
Exhibit 179: thyssenkrupp AG - Key offerings
Exhibit 180: thyssenkrupp AG - Segment focus
12.17 Topsoe AS
Exhibit 181: Topsoe AS - Overview
Exhibit 182: Topsoe AS - Product/Service
Exhibit 183: Topsoe AS - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 184: Inclusions checklist
Exhibit 185: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 186: Currency conversion rates for US$
13.4 Research methodology
Exhibit 187: Research methodology
Exhibit 188: Validation techniques employed for market sizing
Exhibit 189: Information sources
13.5 List of abbreviations
Exhibit 190: List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Application
Exhibits 6: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 7: Executive Summary - Chart on Incremental Growth
Exhibits 8: Executive Summary - Data Table on Incremental Growth
Exhibits 9: Executive Summary - Chart on Vendor Market Positioning
Exhibits 10: Parent market
Exhibits 11: Market Characteristics
Exhibits 12: Offerings of vendors included in the market definition
Exhibits 13: Market segments
Exhibits 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibits 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Exhibits 18: Historic Market Size - Data Table on global electrolyzers market 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 20: Historic Market Size - Technology Segment 2018 - 2022 ($ million)
Exhibits 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
Exhibits 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
Exhibits 23: Five forces analysis - Comparison between 2023 and 2028
Exhibits 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 26: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 27: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 28: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 29: Chart on Market condition - Five forces 2023 and 2028
Exhibits 30: Chart on Application - Market share 2023-2028 (%)
Exhibits 31: Data Table on Application - Market share 2023-2028 (%)
Exhibits 32: Chart on Comparison by Application
Exhibits 33: Data Table on Comparison by Application
Exhibits 34: Chart on Energy - Market size and forecast 2023-2028 ($ million)
Exhibits 35: Data Table on Energy - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Chart on Energy - Year-over-year growth 2023-2028 (%)
Exhibits 37: Data Table on Energy - Year-over-year growth 2023-2028 (%)
Exhibits 38: Chart on Mobility - Market size and forecast 2023-2028 ($ million)
Exhibits 39: Data Table on Mobility - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Chart on Mobility - Year-over-year growth 2023-2028 (%)
Exhibits 41: Data Table on Mobility - Year-over-year growth 2023-2028 (%)
Exhibits 42: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 46: Chart on Grid injection - Market size and forecast 2023-2028 ($ million)
Exhibits 47: Data Table on Grid injection - Market size and forecast 2023-2028 ($ million)
Exhibits 48: Chart on Grid injection - Year-over-year growth 2023-2028 (%)
Exhibits 49: Data Table on Grid injection - Year-over-year growth 2023-2028 (%)
Exhibits 50: Market opportunity by Application ($ million)
Exhibits 51: Data Table on Market opportunity by Application ($ million)
Exhibits 52: Chart on Technology - Market share 2023-2028 (%)
Exhibits 53: Data Table on Technology - Market share 2023-2028 (%)
Exhibits 54: Chart on Comparison by Technology
Exhibits 55: Data Table on Comparison by Technology
Exhibits 56: Chart on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
Exhibits 57: Data Table on Alkaline electrolyzers - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Chart on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
Exhibits 59: Data Table on Alkaline electrolyzers - Year-over-year growth 2023-2028 (%)
Exhibits 60: Chart on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibits 61: Data Table on Proton exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Chart on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibits 63: Data Table on Proton exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibits 64: Chart on Solid oxide - Market size and forecast 2023-2028 ($ million)
Exhibits 65: Data Table on Solid oxide - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Chart on Solid oxide - Year-over-year growth 2023-2028 (%)
Exhibits 67: Data Table on Solid oxide - Year-over-year growth 2023-2028 (%)
Exhibits 68: Chart on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibits 69: Data Table on Anion exchange membrane - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Chart on Anion exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibits 71: Data Table on Anion exchange membrane - Year-over-year growth 2023-2028 (%)
Exhibits 72: Market opportunity by Technology ($ million)
Exhibits 73: Data Table on Market opportunity by Technology ($ million)
Exhibits 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 75: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 76: Data Table on Market share By Geographical Landscape 2023-2028 (%)
Exhibits 77: Chart on Geographic comparison
Exhibits 78: Data Table on Geographic comparison
Exhibits 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibits 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
Exhibits 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
Exhibits 87: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 88: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibits 89: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibits 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
Exhibits 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibits 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibits 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
Exhibits 95: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 96: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibits 97: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 98: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibits 99: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibits 102: Data Table on China - Year-over-year growth 2023-2028 (%)
Exhibits 103: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 104: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 105: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibits 106: Data Table on US - Year-over-year growth 2023-2028 (%)
Exhibits 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibits 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
Exhibits 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibits 113: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibits 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
Exhibits 115: Chart on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 116: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
Exhibits 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
Exhibits 119: Market opportunity By Geographical Landscape ($ million)
Exhibits 120: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 121: Impact of drivers and challenges in 2023 and 2028
Exhibits 122: Overview on Criticality of inputs and Factors of differentiation
Exhibits 123: Overview on factors of disruption
Exhibits 124: Impact of key risks on business
Exhibits 125: Vendors covered
Exhibits 126: Matrix on vendor position and classification
Exhibits 127: Asahi Kasei Corp. - Overview
Exhibits 128: Asahi Kasei Corp. - Business segments
Exhibits 129: Asahi Kasei Corp. - Key news
Exhibits 130: Asahi Kasei Corp. - Key offerings
Exhibits 131: Asahi Kasei Corp. - Segment focus
Exhibits 132: Bloom Energy Corp. - Overview
Exhibits 133: Bloom Energy Corp. - Product/Service
Exhibits 134: Bloom Energy Corp. - Key news
Exhibits 135: Bloom Energy Corp. - Key offerings
Exhibits 136: Cummins Inc. - Overview
Exhibits 137: Cummins Inc. - Business segments
Exhibits 138: Cummins Inc. - Key offerings
Exhibits 139: Cummins Inc. - Segment focus
Exhibits 140: Enapter S.r.l. - Overview
Exhibits 141: Enapter S.r.l. - Product/Service
Exhibits 142: Enapter S.r.l. - Key offerings
Exhibits 143: ITM Power plc - Overview
Exhibits 144: ITM Power plc - Product/Service
Exhibits 145: ITM Power plc - Key offerings
Exhibits 146: Kobe Steel Ltd. - Overview
Exhibits 147: Kobe Steel Ltd. - Business segments
Exhibits 148: Kobe Steel Ltd. - Key offerings
Exhibits 149: Kobe Steel Ltd. - Segment focus
Exhibits 150: MAN Energy Solutions SE - Overview
Exhibits 151: MAN Energy Solutions SE - Product/Service
Exhibits 152: MAN Energy Solutions SE - Key offerings
Exhibits 153: McPhy Energy SA - Overview
Exhibits 154: McPhy Energy SA - Product/Service
Exhibits 155: McPhy Energy SA - Key news
Exhibits 156: McPhy Energy SA - Key offerings
Exhibits 157: Nel ASA - Overview
Exhibits 158: Nel ASA - Business segments
Exhibits 159: Nel ASA - Key offerings
Exhibits 160: Nel ASA - Segment focus
Exhibits 161: Plug Power Inc. - Overview
Exhibits 162: Plug Power Inc. - Product/Service
Exhibits 163: Plug Power Inc. - Key offerings
Exhibits 164: Siemens AG - Overview
Exhibits 165: Siemens AG - Business segments
Exhibits 166: Siemens AG - Key news
Exhibits 167: Siemens AG - Key offerings
Exhibits 168: Siemens AG - Segment focus
Exhibits 169: Sunfire GmbH - Overview
Exhibits 170: Sunfire GmbH - Product/Service
Exhibits 171: Sunfire GmbH - Key offerings
Exhibits 172: Teledyne Technologies Inc. - Overview
Exhibits 173: Teledyne Technologies Inc. - Business segments
Exhibits 174: Teledyne Technologies Inc. - Key news
Exhibits 175: Teledyne Technologies Inc. - Key offerings
Exhibits 176: Teledyne Technologies Inc. - Segment focus
Exhibits 177: thyssenkrupp AG - Overview
Exhibits 178: thyssenkrupp AG - Business segments
Exhibits 179: thyssenkrupp AG - Key offerings
Exhibits 180: thyssenkrupp AG - Segment focus
Exhibits 181: Topsoe AS - Overview
Exhibits 182: Topsoe AS - Product/Service
Exhibits 183: Topsoe AS - Key offerings
Exhibits 184: Inclusions checklist
Exhibits 185: Exclusions checklist
Exhibits 186: Currency conversion rates for US$
Exhibits 187: Research methodology
Exhibits 188: Validation techniques employed for market sizing
Exhibits 189: Information sources
Exhibits 190: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the global electrolyzers market: Advanced Ionics, Air Liquide SA, ALFA LAVAL, Asahi Kasei Corp., Bloom Energy Corp., Brise Chemical Pvt. Ltd., Cummins Inc., DENSO Corp., ELECTRIC HYDROGEN, Enapter S.r.l., General Electric Co., ITM Power plc, John Cockerill, Kobe Steel Ltd., LONGi Green Energy Technology Co. Ltd., MAN Energy Solutions SE, McPhy Energy SA, Nel ASA, Ohmium International Inc., Plug Power Inc., Siemens AG, Sunfire GmbH, Sungrow Power Supply Co. Ltd., Teledyne Technologies Inc., thyssenkrupp AG, Topsoe AS, and Verdagy.

Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is growing focus on using clean hydrogen in refineries.'

According to the report, one of the major drivers for this market is the increasing launch of electrolyzers by vendors.

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:

  • Advanced Ionics
  • Air Liquide SA
  • ALFA LAVAL
  • Asahi Kasei Corp.
  • Bloom Energy Corp.
  • Brise Chemical Pvt. Ltd.
  • Cummins Inc.
  • DENSO Corp.
  • ELECTRIC HYDROGEN
  • Enapter S.r.l.
  • General Electric Co.
  • ITM Power plc
  • John Cockerill
  • Kobe Steel Ltd.
  • LONGi Green Energy Technology Co. Ltd.
  • MAN Energy Solutions SE
  • McPhy Energy SA
  • Nel ASA
  • Ohmium International Inc.
  • Plug Power Inc.
  • Siemens AG
  • Sunfire GmbH
  • Sungrow Power Supply Co. Ltd.
  • Teledyne Technologies Inc.
  • thyssenkrupp AG
  • Topsoe AS
  • Verdagy

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