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Electrolyzer Market Share

Report ID: GMI4787
Published Date: May 2023
Report Format: PDF

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Electrolyzer Market Share

Ongoing acquisitions and mergers by leading manufacturing players to enhance their industry presence will drive the business scenario. In addition, prevailing forward and backward integration across the value chain has also provided favorable opportunities for the industry players to expand. Key players operating across the electrolyzer market includes:

Hydrogenics
Nel
Proton Onsite
Siemens
Toshiba
Air Liquide
Plug Power
McPhy Energy
ITM Power
Idroenergy
Asahi Kasei
Kobelco Eco-solutions
Erredue
Green Hydrogen
Areva H2Gen
IHT
Next Hydrogen
Acta

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of electrolyzer exceeded USD 2.8 billion in 2022 and is expected to register 24.5% CAGR during 2023 to 2032 propelled by increasing focus toward environmental-friendly power generation solutions in line with the rising electricity demand.

The < 500 kW segment is poised to garner USD 3.7 billion revenues in 2032 as a result of growing demand across a wide array of applications including small-scale CHP plants, mobility, and off-gird electricity supply will complement the product installation.

The electrolyzer industry size from the transportation sector surpassed USD 271 million in 2022 owing to promising regulatory norms toward low-carbon emission vehicles.

Europe electrolyzer sector is slated to observe 29% growth through 2032 on account of a shift toward a hydrogen economy and favorable government policies in the region.

Hydrogenics, Nel, Proton Onsite, Siemens, Toshiba, Air Liquide, Plug Power, McPhy Energy, ITM Power, Idroenergy, Asahi Kasei, Kobelco Eco-solutions, Erredue, Green Hydrogen, Areva H2Gen, IHT, Next Hydrogen and Acta.