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Hydrogen Electrolyzer Market Trends and Forecast
 
The future of the hydrogen electrolyzer market looks promising with opportunities in the ammonia, methanol, refinery, electronics, energy, transport, metal production & fabrication, pharma & biotech, food & beverage, and glass industries. The global hydrogen electrolyzer market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028. The major drivers for this market are increasing popularity of hydrogen energy, implementation of stringent government norms to protect the environment by reducing pollution, and surging investment to develop the industrial sector globally.
Hydrogen Electrolyzer Market
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global hydrogen electrolyzer market report, please download the report brochure.
Hydrogen Electrolyzer Market by Segments
Hydrogen Electrolyzer Market by Segment
The study includes a forecast for the global hydrogen electrolyzer market by product type, capacity, outlet pressure, application, and region, as follows:
Hydrogen Electrolyzer Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer
Hydrogen Electrolyzer Market by Capacity [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Low (<= 150 kW)
  • Medium (150kW–1mW)
    • 150-400 kW
    • 400-750kW
    • 750-1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW
Hydrogen Electrolyzer Market by Outlet Pressure [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Low (<= 10 Bar)
  • Medium (150 Bar–40 Bar)
  • High (> 40 Bar)
Hydrogen Electrolyzer Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
  • Ammonia
  • Methanol
  • Refinery Industry
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Others
Hydrogen Electrolyzer Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Hydrogen Electrolyzer Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogen electrolyzer companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogen electrolyzer companies profiled in this report include. 
  • Siemens
  • Toshiba
  • Cummins
  • McPhy Energy
  • Nel Hydrogen
  • H-tec Systems
  • ITM Power
  • Green Hydrogen Systems
  • H2B2 Electrolysis Technologies
  • Plug Power
Hydrogen Electrolyzer Market Insights
  • Lucintel forecasts that alkaline water electrolyzer will remain the largest segment over the forecast period due to its efficiency to operate in high temperature and pressure. Clean hydrogen is produced using an alkaline water electrolyzer and distributed to various end uses in order to reduce carbon emissions.
  • Transport is expected to remain the largest segment due to growing need to reduce carbon emissions in the atmosphere, which is set to drive the demand for hydrogen and considered to be a clean alternative fuel.
  • APAC will remain the fastest growing region due to countries such as South Korea, Japan and Australia, are rolling out green hydrogen projects to increase carbon-free energy production and develop alternative energy sources.
Features of the Hydrogen Electrolyzer Market
  • Market Size Estimates: Hydrogen electrolyzer market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Hydrogen electrolyzer market size by various segments, such as by product type, capacity, outlet pressure, application, and region.
  • Regional Analysis: Hydrogen electrolyzer market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product type, capacity, outlet pressure, application, and regions for the hydrogen electrolyzer market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the hydrogen electrolyzer market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hydrogen electrolyzer market size?
Answer: The global hydrogen electrolyzer market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for hydrogen electrolyzer market?
Answer: The global hydrogen electrolyzer market is expected to grow with a CAGR of 23% to 25% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the hydrogen electrolyzer market?
Answer: The major drivers for this market are increasing popularity of hydrogen energy, implementation of stringent government norms to protect the environment by reducing pollution, and surging investment to develop the industrial sector globally.
Q4. What are the major segments for hydrogen electrolyzer market?
Answer: The future of the hydrogen electrolyzer market looks promising with opportunities in the ammonia, methanol, refinery, electronics, energy, transport, metal production & fabrication, pharma & biotech, food & beverage, and glass industries.
Q5. Who is the key hydrogen electrolyzer companies?
Answer: Some of the key hydrogen electrolyzer companies are as follows:
Q6. Which hydrogen electrolyzer segment will be the largest in future?
Answer: Lucintel forecasts that alkaline water electrolyzer will remain the largest segment over the forecast period due to its efficiency to operate in high temperature and pressure. Clean hydrogen is produced using an alkaline water electrolyzer and distributed to various end uses in order to reduce carbon emissions.
Q7. In hydrogen electrolyzer market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the fastest growing region due to countries such as South Korea, Japan and Australia, are rolling out green hydrogen projects to increase carbon-free energy production and develop alternative energy sources.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers following 11 key questions
Q.1. What are some of the most promising, high-growth opportunities for the hydrogen electrolyzer market by product type (polymer electrolyte membrane (PEM) electrolyzer, alkaline water electrolyzer, and solid oxide electrolyzer), capability (Low (<= 150 kW), Medium (150kW–1mW) [150-400 kW, 400-750kW, and 750-1mW], and High (> 1mW) [1 – 10 mW, 10 – 20 mW, and Above 20 mW]), outlet pressure (Low (≤10 bar), Medium (150 bar – 40 bar), and High (≥ 40 bar), application (ammonia, methanol, refinery industry, electronics, energy, power to gas, transport, metal production & fabrication, pharma & biotech, food & beverages, and glass industry) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to hydrogen electrolyzer market or related to hydrogen electrolyzer companies, hydrogen electrolyzer market size, hydrogen electrolyzer market share, hydrogen electrolyzer analysis, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary

2. Global Hydrogen Electrolyzer Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Hydrogen Electrolyzer Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Hydrogen Electrolyzer Market by Product Type
3.3.1: Proton Exchange Membrane (PEM) Electrolyzer
3.3.2: Alkaline Electrolyzer
3.3.3: Solid Oxide Electrolyzer
3.4: Global Hydrogen Electrolyzer Market by Capacity
3.4.1: Low (<= 150 kW)
3.4.2: Medium (150kW–1mW)
3.4.2.1: 150-400 kW
3.4.2.2: 400-750kW
3.4.2.3: 750-1mW
3.4.3: High (> 1mW)
3.4.3.1: 1 – 10 mW
3.4.3.2: 10 – 20 mW
3.4.3.3: Above 20 mW
3.5: Global Hydrogen Electrolyzer Market by Outlet Pressure
3.5.1: Low (<= 10 Bar)
3.5.2: Medium (150 Bar–40 Bar)
3.5.3: High (> 40 Bar)
3.6: Global Hydrogen Electrolyzer Market by Application
3.6.1: Ammonia
3.6.2: Methanol
3.6.3: Refinery Industry
3.6.4: Electronics
3.6.5: Energy
3.6.6: Power to Gas
3.6.7: Transport
3.6.8: Metal Production & Fabrication
3.6.9: Pharma & Biotech
3.6.10: Food & Beverages
3.6.11: Glass Industry
3.6.12: Others

4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Hydrogen Electrolyzer Market by Region
4.2: North American Hydrogen Electrolyzer Market
4.2.1: North American Hydrogen Electrolyzer Market by Product Type: Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, and Solid Oxide Electrolyzer
4.2.2: North American Hydrogen Electrolyzer Market by Application: Ammonia, Methanol, Refinery Industry, Electronics, Energy, Power To Gas, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and Glass Industry
4.3: European Hydrogen Electrolyzer Market
4.3.1: European Hydrogen Electrolyzer Market by Product Type: Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water
4.3.2: European Hydrogen Electrolyzer Market by Application: Ammonia, Methanol, Refinery Industry, Electronics, Energy, Power To Gas, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and Glass Industry
4.4: APAC Hydrogen Electrolyzer Market
4.4.1: APAC Hydrogen Electrolyzer Market by Product Type: Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water
4.4.2: APAC Hydrogen Electrolyzer Market by Application: Ammonia, Methanol, Refinery Industry, Electronics, Energy, Power To Gas, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and Glass Industry
4.5: ROW Hydrogen Electrolyzer Market
4.5.1: ROW Hydrogen Electrolyzer Market by Product Type: Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water
4.5.2: ROW Hydrogen Electrolyzer Market by Application: Ammonia, Methanol, Refinery Industry, Electronics, Energy, Power To Gas, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and Glass Industry

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Hydrogen Electrolyzer Market by Product Type
6.1.2: Growth Opportunities for the Global Hydrogen Electrolyzer Market by Capacity
6.1.3: Growth Opportunities for the Global Hydrogen Electrolyzer Market by Outlet Pressure
6.1.4: Growth Opportunities for the Global Hydrogen Electrolyzer Market by Application
6.1.5: Growth Opportunities for the Global Hydrogen Electrolyzer Market by Region
6.2: Emerging Trends in the Global Hydrogen Electrolyzer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Hydrogen Electrolyzer Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Hydrogen Electrolyzer Market

7. Company Profiles of Leading Players
7.1: Siemens
7.2: Toshiba
7.3: Cummins
7.4: McPhy Energy
7.5: Nel Hydrogen
7.6: H-tec Systems
7.7: ITM Power
7.8: Green Hydrogen Systems
7.9: H2B2 Electrolysis Technologies
7.10: Plug Power

.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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