Learn about the global electrolyzers market through The Business Research Company, which provides information on electrolyzers market size, electrolyzers market drivers and restraints, electrolyzers market players, the COVID-19 impact on the electrolyzers market, and more.

The global electrolyzers market size is expected to grow from $0.27 billion in 2021 to $0.29 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The global electrolyzer market size is expected to grow to $0.46 billion in 2026 at a CAGR of 11.5%.

Growing demand for fuel cell-based automotive is significantly contributing to the growth of the electrolyzers market.

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The electrolyzers market consists of sales of electrolyzers by entities (organizations, sole traders, and partnerships) that are mainly used in power generation systems. The electrolyzers are the devices that perform the electrolysis of water into hydrogen and oxygen using electricity. The hydrogen produced from an electrolyzer is ideal to be used with hydrogen fuel cells.

Global Electrolyzers Market Segments Include:
By Product: Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer

By Capacity: Less than 500 kW, 500 kW to 2 MW, Above 2 MW

By Application: Power Plants, Steel Plants, Electronics and Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEVs, Power to Gas, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions Western Europe was the largest region in the electrolyzers market in 2021.

Technological advancements are a key trend gaining popularity in the electrolyzers market. Technological advancement is a discovery of knowledge that advances technology.

TBRC’s electrolyzers market report covers:

Major Market Players: Nel ASA, Asahi Kasei Corporation, Hydrogenics, Areva H2gen, Siemens AG, McPhy Energy S.A., ITM Power PLC, Erredue SpA, Enapter, Next Hydrogen, Tianjin Continental Hydrogen Equipment Co. Ltd., Toshiba Corporation, Air Liquide S.A, Plug Power Inc., and H-TEC SYSTEMS GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Electrolyzers Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides electrolyzers market overviews, analyzes and forecasts market size, share, electrolyzers market players, electrolyzers market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s electrolyzers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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