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Electrolysis Hydrogen Generation Market Share

Report ID: GMI7906
Published Date: Jan 2024
Report Format: PDF

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Electrolysis Hydrogen Generation Market Share

Collaboration, agreements, mergers, and acquisitions are essential drivers of growth in electrolysis hydrogen generation. These strategic actions enhance technological capabilities, streamline operations, attract funding, and contribute to the development of a robust and sustainable hydrogen ecosystem. The collective efforts of industry players and stakeholders are pivotal in realizing the full potential of electrolysis as a key contributor to the transition to a hydrogen-based economy.

Electrolysis Hydrogen Generation Market Companies

Major players operating in the electrolysis hydrogen generation industry are:

Cummins Inc.
Siemens Energy
Air Liquide
Plug Power Inc.
Nel ASA
TAIYO NIPPON SANSO CORPORATION
Teledyne Technologies Incorporated
McPhy Energy S.A
HyGear
Claind srl
RESONAC HOLDINGS CORPORATION

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of electrolysis hydrogen generation was reached USD 13.1 billion in 2023 and is anticipated to surprass USD 24.2 billion by 2032, driven by increasing awareness of the environmental impact of the conventional hydrogen production methods.

The transportation application grew at a decent pace in 2023 and will reach USD 6.9 billion by 2032, d riven by the utilization of hydrogen as a fuel across the transportation sector along with rising interest in hydrogen-powered vehicles.

Europe Electrolysis hydrogen generation industry will grow at a CAGR of more than 7.5% through 2032, driven by large scale investments by private authorities and funding programs by major government authorities to bring in the energy transition.

Cummins Inc., Siemens Energy, Air Liquide, Plug Power Inc., Nel ASA, TAIYO NIPPON SANSO CORPORATION, Teledyne Technologies Incorporated, McPhy Energy S.A, HyGear, Claind srl, RESONAC HOLDINGS CORPORATION are some of the major industry contenders.