The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Billion by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the market.

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Key Takeaways: Hydrogen Electrolyzer Market

  • By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 25.2% during the forecast period.
  • By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3rd of the share.
  • By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 905.5 Mn in 2032.
  • In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 24.1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

Competitive Landscape: Hydrogen Electrolyzer Market

Leading Companies Profiled in Hydrogen Electrolyzer Market are

  • Nel Hydrogen
  • Siemens AG
  • McPhy Energy
  • ITM Power Plc
  • Tianjin Mainland Hydrogen Equipment Co. Ltd
  • Gaztransport & Technigaz
  • Giner Inc.
  • GreenHydrogen Systems
  •  iGas Energy GmbH
  • Beijing CEI Technology Co., Ltd.
  • Next Hydrogen
  • Air Liquide
  • Ballard Power Systems
  • Enapter
  • Plug Power Inc.
  • Bloom Energy
  • others

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

Hydrogen Electrolyzer Market Outlook by

CategoryBy Product Type:

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW–1mW)
    • 150-400 kW
    • 400-750kW
    • 750-1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW

By Outlet Pressure:

  • Low (<= 10 Bar)
  • Medium (150 Bar–40 Bar)
  • High (> 40 Bar)

By End Use:

  • Ammonia
  • Methanol
  • Refining/ Hydrocarbon
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Other Industrial