Middle East & Africa Electrolyzer Market Size & Outlook
MEA electrolyzer market highlights
- The MEA electrolyzer market generated a revenue of USD 5.8 million in 2023.
- The market is expected to grow at a CAGR of 93.4% from 2024 to 2030.
- In terms of segment, alkaline electrolyzer was the largest revenue generating technology in 2023.
- Alkaline Electrolyzer is the most lucrative technology segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 5.8 million |
| Market revenue in 2030 | USD 586.0 million |
| Growth rate | 93.4% (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 |
| Key market players worldwide | Siemens AG, Cummins Inc, ITM Power PLC, NEL ASA, Plug Power Inc, Enapter, Haldor Topsoe Holding A/S, Bloom Energy Corp Class A, Thyssenkrupp AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.2% of the global electrolyzer market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,110.0 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
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 |
Middle East & Africa 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 Middle East & Africa electrolyzer market based on alkaline electrolyzer covering the revenue growth of each sub-segment from 2018 to 2030.
Reasons to subscribe to Middle East & Africa electrolyzer market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa electrolyzer market databook
-
Our clientele includes a mix of electrolyzer market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 continent-level data and insights on the Middle East & Africa electrolyzer market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa electrolyzer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
