Hydrogen Electrolyzer Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Hydrogen Electrolyzer Market – By Product Type (Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, Solid Oxide Electrolyzer), By Capacity (High (Above 2 MW), Medium (500 kW to 2 MW, Low (<500 kW)), Output Pressure (High (≥ 40 bar), Medium (10 bar – 40 bar), Low (≤10 bar)), End-User (Chemicals, Automobile, Energy, Food and beverages, Pharmaceutical & Biotechnology, Electronics, Glass, Metal production and Fabrication, Others) and Geography

 

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Report

Description

The Hydrogen Electrolyzer Market size is valued at USD 445.3 million in 2021 and is expected to grow at a significant CAGR of 10.6% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by product type, by capacity, output pressure, and end-user. By product type, the hydrogen electrolyzer market has been segmented into Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, and Solid Oxide Electrolyzer. the polymer electrolyte membrane (PEM) electrolyzer segment is likely to be the largest and fastest-growing segment in terms of type. Based on capacity, market is segmented into High (Above 2 MW), Medium (500 kW to 2 MW, Low (<500 kW).  Among these, the high capacity (Above 2 MW) segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on output pressure, the market is segmented into High (≥ 40 bar), Medium (10 bar – 40 bar), Low (≤10 bar). The high (≥ 40 bar) segment accounts for the largest share in 2021. Medium (10 bar – 40 bar) is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Chemicals, Automobile, Energy, Food and beverages, Pharmaceutical & Biotechnology, Electronics, Glass, Metal Production and Fabrication, and Others. The chemicals segment is expected to dominate other segments in the hydrogen electrolyzer market. The chemicals segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development:

In June 2020, Nel Hydrogen received an order from Nikola Motor got a 85 MW alkaline electrolyzers that will produce 8 ton/day of hydrogen for fueling stations.

Hydrogen Electrolyzer Market

MARKET SUMMARY
-
10.6% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 10.6%
  • Largest Market– Asia-Pacific

Hydrogen Electrolyzer Market

  • The Hydrogen Electrolyzer Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The Hydrogen Electrolyzer Market is segmented based on by product type, capacity, end user and geography.
Key Players
  • Asahi Kasei Corp
  • Cockerill JingLi Hydrogen
  • Gaztransport and Technigaz SA
  • Kobe Steel Ltd
  • McPhy Energy SA
Hydrogen Electrolyzer Market

Drivers

The electrolyte is primarily used to separate anode and cathode from each other. These systems are used to decompose water into hydrogen and oxygen by passing an electric current. Rapid industrialization across emerging economies combined with the growing commercialization of hydrogen to meet energy-efficiency targets will augment the business scenario


Asia-Pacific got significant share

Hydrogen Electrolyzer Market

Asia Pacific market is expected to witness highest market share during the forecast period owing to the increasing use of hydrogen across various end-use industries such as glass, electronics, welding & metal fabrication, etc.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The Hydrogen Electrolyzer Market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hydrogen Electrolyzer Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The Hydrogen Electrolyzer Market is projected to expand at a CAGR of 10.6% during the forecast period.

The major players in the global hydrogen electrolyzer market are Asahi Kasei Corp, Cockerill JingLi Hydrogen, Gaztransport and Technigaz SA , Kobe Steel Ltd. McPhy Energy SA, Nel ASA,, Shandong Saikesaisi Hydrogen Energy Co., Ltd , SwissHydrogen SA , Teledyne Technologies Inc  Versogen.

Asia Pacific is the fastest-growing region for Hydrogen Electrolyzer Market


Report

Table Of Content

1. Executive Summary
2. Global Hydrogen Electrolyzer Market Introduction
2.1. Global Hydrogen Electrolyzer Market – Taxonomy
2.2. Global Hydrogen Electrolyzer Market –Definitions
2.2.1. By Product Type
2.2.2. By Capacity
2.2.3. By Output Pressure
2.2.4. By End User
2.2.5. By Region
3. Global Hydrogen Electrolyzer Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Hydrogen Electrolyzer Market Dynamic Factors – Impact Analysis
3.6. Global Hydrogen Electrolyzer Market – Competition Landscape
4. Global Hydrogen Electrolyzer Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Hydrogen Electrolyzer Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Alkaline Water Electrolyzer
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Solid Oxide Electrolyzer
5.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Hydrogen Electrolyzer Market, By Capacity, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1. High (Above 2 MW)
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Medium (500 kW to 2 MW
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Low (<500 kW)
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
7. Global Hydrogen Electrolyzer Market, By Output Pressure, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. High (≥ 40 bar)
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Medium (10 bar – 40 bar)
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Low (≤10 bar)
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Hydrogen Electrolyzer Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. Chemicals
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Automobile
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Energy
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Food and beverages
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Pharmaceutical & Biotechnology
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Electronics
8.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.6.3. Market Opportunity Analysis
8.7. Glass
8.7.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.7.3. Market Opportunity Analysis
8.8. Metal production and Fabrication
8.8.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.8.3. Market Opportunity Analysis
8.9. Others
8.9.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.9.3. Market Opportunity Analysis
9. Global Hydrogen Electrolyzer Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2017-2021and Forecast, 2022-2028(Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2017-2021and Forecast, 2022-2028(Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2017-2021and Forecast, 2022-2028(Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2017-2021and Forecast, 2022-2028(Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2017-2021and Forecast, 2022-2028(Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Region, 2022-2028
10. North America Hydrogen Electrolyzer Market Analysis,2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
10.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
10.1.2. Alkaline Water Electrolyzer
10.1.3. Solid Oxide Electrolyzer
10.2. Capacity Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. High (Above 2 MW)
10.2.2. Medium (500 kW to 2 MW
10.2.3. Low (<500 kW)
10.3. Output Pressure Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. High (≥ 40 bar)
10.3.2. Medium (10 bar – 40 bar)
10.3.3. Low (≤10 bar)
10.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Chemicals
10.4.2. Automobile
10.4.3. Energy
10.4.4. Food and beverages
10.4.5. Pharmaceutical & Biotechnology
10.4.6. Electronics
10.4.7. Glass
10.4.8. Metal production and Fabrication
10.4.9. Others
10.5. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Country, 2022-2028
10.7. North America Hydrogen Electrolyzer Market Dynamics – Trends
11. Europe Hydrogen Electrolyzer Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
11.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
11.1.2. Alkaline Water Electrolyzer
11.1.3. Solid Oxide Electrolyzer
11.2. Capacity Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. High (Above 2 MW)
11.2.2. Medium (500 kW to 2 MW
11.2.3. Low (<500 kW)
11.3. Output Pressure Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. High (≥ 40 bar)
11.3.2. Medium (10 bar – 40 bar)
11.3.3. Low (≤10 bar)
11.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Chemicals
11.4.2. Automobile
11.4.3. Energy
11.4.4. Food and beverages
11.4.5. Pharmaceutical & Biotechnology
11.4.6. Electronics
11.4.7. Glass
11.4.8. Metal production and Fabrication
11.4.9. Others
11.5. Country Analysis 2017-2021and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Country, 2022-2028
11.7. Europe Hydrogen Electrolyzer Market Dynamics – Trends
12. Asia-Pacific Hydrogen Electrolyzer Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
12.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
12.1.2. Alkaline Water Electrolyzer
12.1.3. Solid Oxide Electrolyzer
12.2. Capacity Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. High (Above 2 MW)
12.2.2. Medium (500 kW to 2 MW
12.2.3. Low (<500 kW)
12.3. Output Pressure Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. High (≥ 40 bar)
12.3.2. Medium (10 bar – 40 bar)
12.3.3. Low (≤10 bar)
12.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Chemicals
12.4.2. Automobile
12.4.3. Energy
12.4.4. Food and beverages
12.4.5. Pharmaceutical & Biotechnology
12.4.6. Electronics
12.4.7. Glass
12.4.8. Metal production and Fabrication
12.4.9. Others
12.5. Country Analysis2017-2021and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Country,2022-2028
12.7. Asia-Pacific Hydrogen Electrolyzer Market Dynamics – Trends
13. Latin America Hydrogen Electrolyzer Market Analysis,2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
13.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
13.1.2. Alkaline Water Electrolyzer
13.1.3. Solid Oxide Electrolyzer
13.2. Capacity Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. High (Above 2 MW)
13.2.2. Medium (500 kW to 2 MW
13.2.3. Low (<500 kW)
13.3. Output Pressure Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. High (≥ 40 bar)
13.3.2. Medium (10 bar – 40 bar)
13.3.3. Low (≤10 bar)
13.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Chemicals
13.4.2. Automobile
13.4.3. Energy
13.4.4. Food and beverages
13.4.5. Pharmaceutical & Biotechnology
13.4.6. Electronics
13.4.7. Glass
13.4.8. Metal production and Fabrication
13.4.9. Others
13.5. Country Analysis 2017-2021and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Country, 2022-2028
13.7. Latin America Hydrogen Electrolyzer Market Dynamics – Trends
14. Middle East and Africa Hydrogen Electrolyzer Market Analysis, 2017-2021 and Forecast, 2022-2028(Revenue, USD Mn)
14.1. Product Type Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Polymer Electrolyte Membrane (PEM) Electrolyzer
14.1.2. Alkaline Water Electrolyzer
14.1.3. Solid Oxide Electrolyzer
14.2. Capacity Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. High (Above 2 MW)
14.2.2. Medium (500 kW to 2 MW
14.2.3. Low (<500 kW)
14.3. Output Pressure Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. High (≥ 40 bar)
14.3.2. Medium (10 bar – 40 bar)
14.3.3. Low (≤10 bar)
14.4. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Chemicals
14.4.2. Automobile
14.4.3. Energy
14.4.4. Food and beverages
14.4.5. Pharmaceutical & Biotechnology
14.4.6. Electronics
14.4.7. Glass
14.4.8. Metal production and Fabrication
14.4.9. Others
14.5. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Hydrogen Electrolyzer Market – Opportunity Analysis Index, By Product Type, Capacity, Output Pressure, End User, and Country, 2022-2028
14.7. MEA Hydrogen Electrolyzer Market Dynamics – Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, KeyOfferings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Asahi Kasei Corp.
15.2.2. Cockerill JingLi Hydrogen
15.2.3. Gaztransport and Technigaz SA
15.2.4. Kobe Steel Ltd.
15.2.5. McPhy Energy SA
15.2.6. Nel ASA
15.2.7. Shandong Saikesaisi Hydrogen Energy Co., Ltd
15.2.8. SwissHydrogen SA
15.2.9. Teledyne Technologies Inc
15.2.10. Versogen
16. Research Methodology
17. Key Assumptions and Acronyms

Report

Company Profile

  •  Asahi Kasei Corp.
  • Cockerill JingLi Hydrogen
  • Gaztransport and Technigaz SA
  • Kobe Steel Ltd.
  • McPhy Energy SA
  • Nel ASA
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd
  • SwissHydrogen SA
  • Teledyne Technologies Inc
  • Versogen

Description

The Hydrogen Electrolyzer Market size is valued at USD 445.3 million in 2021 and is expected to grow at a significant CAGR of 10.6% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by product type, by capacity, output pressure, and end-user. By product type, the hydrogen electrolyzer market has been segmented into Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, and Solid Oxide Electrolyzer. the polymer electrolyte membrane (PEM) electrolyzer segment is likely to be the largest and fastest-growing segment in terms of type. Based on capacity, market is segmented into High (Above 2 MW), Medium (500 kW to 2 MW, Low (<500 kW).  Among these, the high capacity (Above 2 MW) segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on output pressure, the market is segmented into High (≥ 40 bar), Medium (10 bar – 40 bar), Low (≤10 bar). The high (≥ 40 bar) segment accounts for the largest share in 2021. Medium (10 bar – 40 bar) is the second-largest share during the forecast period 2021-2028. Based on the end-user has been segregated into Chemicals, Automobile, Energy, Food and beverages, Pharmaceutical & Biotechnology, Electronics, Glass, Metal Production and Fabrication, and Others. The chemicals segment is expected to dominate other segments in the hydrogen electrolyzer market. The chemicals segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Key Development:

In June 2020, Nel Hydrogen received an order from Nikola Motor got a 85 MW alkaline electrolyzers that will produce 8 ton/day of hydrogen for fueling stations.

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