Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Does the Global Electrolyzers Market Size Analysis Reveal?
The electrolyzers market size has seen robust growth in recent years. From $0.35 billion in 2024, it is projected to grow to $0.38 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. This positive trend in the historic period can be attributed to factors such as increasing demand for hydrogen as a clean energy carrier, government incentives and subsidies, environmental consciousness, renewable energy sources expansion, as well as early adopters and pilot projects in various industries.
Looking ahead, the electrolyzers market size continues to forecast strong growth. By 2029, it is estimated to reach $0.54 billion, with a compound annual growth rate (CAGR) of 8.9%. This projected growth is influenced by emerging applications in the aviation and maritime sectors, expansion of global hydrogen infrastructure, integration of electrolyzers with renewable energy projects, increasing carbon emissions reduction regulations, and the growing use of power-to-gas systems. Furthermore, trends such as green hydrogen production, decentralized hydrogen production, technology advancements, green ammonia production, and hydrogen in transportation are anticipated to shape the market in the forecast period.
Sample Link CTA: “Get Your Free Sample of The Global Electrolyzers Market Report” at https://www.thebusinessresearchcompany.com/sample.aspx?id=6249&type=smp
What Are the Key Market Growth Drivers?
The rising demand for fuel cell-based automotive is a significant contributor to the growth of the electrolyzers market. Fuel cell-based automotive is an electrically driven vehicle that uses hydrogen- produced by electrolyzers- as an energy source. For instance, according to the California Fuel Cell Partnership, fuel cell vehicles sold and leased in the United States reached 18,355 in 2024, indicating a growing preference for this type of automotive. As such, the market for electrolyzers, which supply the necessary hydrogen fuel, is also expected to grow.
What Are the Key Segments of the Global Electrolyzers Market?
1) By Product: Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzers
2) By Capacity: Less than 500 kW, 500 kW to 2 MW, Above 2 MW
3) By Application: Power Plants, Steel Plants, Electronics And Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV’s, Power to Gas, Other Applications.
Report Purchase CTA: “Order your report now for swift delivery” at https://www.thebusinessresearchcompany.com/report/electrolyzers-global-market-report
Who Are the Major Players Transforming the Electrolyzers Market?
Major companies in the electrolyzers market include Nel ASA, Asahi Kasei Corporation, Hydrogenics, Siemens AG, McPhy Energy S.A., ITM Power PLC, Erredue SpA, Enapter, Next Hydrogen Solutions Inc., Tianjin Continental Hydrogen Equipment Co. Ltd., Toshiba Corporation, Air Liquide S.A, Plug Power Inc., H-TEC SYSTEMS GmbH, Hysata Pty. Ltd., Supercritical Solutions, SunGreenH2, Hydrogen Pro, Iberlyzer, Bloom Energy, Cummins Inc., Green Hydrogen Systems A/S, Topsoe A/S, John Cockerill, LONGi Green Energy Technology Co. Ltd., MAN Energy Solutions SE, Ohmium International Inc., Sunfire GmbH, Sungrow Power Supply Co. Ltd., thyssenkrupp nucera AG & Co KgaA, Air Products and Chemicals Inc.
What Are the Emerging Trends in the Electrolyzers Market?
Technological advancements are a key trend gaining popularity in the electrolyzers market. For instance, in November 2022, Bloom Energy Corporation, a US-based publicly traded firm, launched a high-volume commercial electrolyzer line, increasing the company’s electrolyzer-producing capacity to two gigatonnes. This novel approach is the most energy-efficient clean hydrogen production concept yet, highlighting the potential for tech advancements to further propel market growth.
Which Regions Are the Fastest-growing in the Electrolyzers Market?
In 2024, Western Europe was the largest region in the electrolyzers market. However, Asia-Pacific is expected to be the fastest-growing region in the ensuing forecast period. The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does the Electrolyzers Market Report 2025 Offer?
Electrolyzers refer to devices that use electricity to separate the hydrogen and oxygen molecules constituting water to produce hydrogen via a chemical reaction known as electrolysis. The Electrolyzers Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Report Purchase CTA: “Purchase the exclusive report now to unlock valuable market insights” at https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6249
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
About The Business Research Company
Learn more about The Business Research Company. With over 15000+ reports from 27 industries across 60+ countries, we’ve built a reputation for comprehensive, data-rich research backed by 1,500,000 datasets. Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive forecasts to support informed decision-making.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
