Electrolyzer Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Electrolyzer Market is segmented By Type (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer), By Capacity (Above 2 MW, ≤ 500 kW, 500 kW - 2 MW), By Application (Steel Plant, Power Plants, Electronics and Photovoltaics, Energy Storage for Fuel Cells, Industrial Gases, Power to Gas, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned.

Electrolyzer Market is segmented By Type (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer), By Capacity (Above 2 MW, ≤ 500 kW, 500 k....

Electrolyzer Market Size

Market Size in USD

CAGR36.3%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	36.3%
Market Concentration	Medium
Major Players	Nel Hydrogen, Asahi Kasei Corporation, Hydrogenics Corporation, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Teledyne Energy Systems

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Electrolyzer Market Analysis

The electrolyzer market is estimated to be valued at USD 17.46 Bn in 2024 and is expected to reach USD 152.6 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 36.3% from 2024 to 2031. The electrolyzer market is witnessing strong growth trends on the back of supportive government policies and regulations regarding hydrogen production.

Electrolyzer Market Report Snapshots

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