Global Electrolyzer Market Size & Outlook, 2023-2030
Global electrolyzer market, 2018-2030 (US$M)
Global electrolyzer market highlights
- The global electrolyzer market generated a revenue of USD 489.1 million in 2023 and is expected to reach USD 52,322.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 94.9% by 2030.
- In terms of segment, alkaline electrolyzer accounted for a revenue of USD 489.1 million in 2023.
- Alkaline Electrolyzer is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 489.1 million |
| Market revenue in 2030 | USD 52,322.3 million |
| Growth rate | 94.9% (CAGR from 2024 to 2030) |
| Largest segment | Alkaline electrolyzer |
| Fastest growing segment | Alkaline Electrolyzer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alkaline Electrolyzer |
Other key industry trends
- In terms of revenue, the North America accounted for 42.0% of the global electrolyzer market in 2023.
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Electrolyzer Market Scope
Electrolyzer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Haldor Topsoe Holding A/S | View profile | - | Lyngby, Hovedstaden, Denmark, Europe | - |
| Enapter | View profile | 101-250 | Berlin, Berlin, Germany, Europe | https://www.enapter.com |
| Bloom Energy Corp Class A | View profile | 2377 | 4353 North First Street, San Jose, CA, United States, 95134 | https://www.bloomenergy.com |
| Plug Power Inc | View profile | 3868 | 968 Albany Shaker Road, Latham, NY, United States, 12110 | https://www.plugpower.com |
| ITM Power PLC | View profile | 406 | 2 Bessemer Park, Shepcote Lane, Sheffield, United Kingdom, S9 1DZ | https://www.itm-power.com |
| NEL ASA | View profile | 673 | Karenslyst alle 49, Oslo, Norway, N-0279 | https://www.nelhydrogen.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| Cummins Inc | View profile | 75500 | 500 Jackson Street, Box 3005, Columbus, IN, United States, 47202-3005 | https://www.cummins.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Global electrolyzer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrolyzer market will help companies and investors design strategic landscapes.
Alkaline electrolyzer was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global electrolyzer market based on alkaline electrolyzer covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electrolyzer Technology Outlook (Revenue, USD Million, 2018-2030)
- Alkaline Electrolyzer
- Solid Oxide Electrolyzer (SOE)
- Proton Exchange Membrane (PEM)
- Anion Exchange Membrane (AEM)
- Global Electrolyzer Application Outlook (Revenue, USD Million, 2018-2030)
- Power to Gas
- Steel Plant
- Power Plants
- Energy Storage or Fueling for FCEV's
- Electronics & Photovoltaics
- Industrial Gases
- Others
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Target buyers of Global electrolyzer market databook
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Our clientele includes a mix of electrolyzer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global electrolyzer market , including forecasts for subscribers. This global databook contains high-level insights into Global electrolyzer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global electrolyzer market size, by regions, 2018-2030 (US$M)
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