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Global Electrolyzer Market is driven by the increasing imposition of stringent policies by governments in various geographical regions, growing consumers’ awareness of the environment, and rising demand for fuel cell-based electronic vehicles in regions like China, Japan, and India.

Water is electrolyzed using electrolyzers. Hydrogen and oxygen are generated from water through electrolysis and then stored for usage in the chemical, energy, transportation, and industrial process sectors. The electrolyzers use different electrolysis techniques and come in different sizes. Alkaline electrolyzers are the ones that are utilized the most frequently today. Since electrolyzers don’t create emissions as fossil fuels do, this is helping the market’s expansion. Electrolyzers are used to produce energy. The market will grow over the next years as a result of increased electricity usage and the development of environmentally friendly hydrogen generating technologies.

Read the market research report, ” Global Electrolyzer Market By Product Type (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer), By Capacity(≤ 500 kW, > 500 kW – 2 MW, Above 2 MW), By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, Others) & By Region – Forecast and Analysis 2022-2027” by SkyQuest

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Among segments, Due to its high current density, small size, and quick response to current fluctuations, the PEM electrolyzer sector is expected to develop at a quicker rate and hold the biggest market share in 2021. Alkaline and Slid oxide electrolyzers come next. Due to government measures to support renewable energy sources, the PEM and alkaline electrolyzer market is anticipated to expand even further in the upcoming years. Due to continuous government electrification initiatives, the > 500 kW – 2 MW Electrolyzer segment is anticipated to grow more quickly than all other capacities of the electrolyzer. The growth of the sub-500 kW capacity segment will be aided by increasing investments in the creation of fuel cell infrastructure.

The Global Electrolyzer Market is studied geographically on the basis of North America, Asia Pacific, Latin America, and the Middle East. The North American region held the greatest market share in 2021 as a result of the rising demand for hydrogen in numerous manufacturing industries, including the power sector and others. Europe comes second as a result of government-sponsored decarbonization initiatives. It is anticipated that in the coming years, the growth of the Asia Pacific area would pick up due to the development of electronic cars in countries like China, Japan, South Korea, and India. Fuel reliance is increasing as governments all over the world search for alternative fuel sources. The Electrolyzer Market will significantly grow throughout the forecast timeframe of 2022–2028.

Further in India, there were many issues faced due to the Covid 19 pandemic, and scarcity of coal was the major issue faced India. But in 2021, the first green Hydrogen electrolyzer plant has been set up in Bengaluru and it had all set to resolve the issue of power generation for the nation. Additionally, the government had implemented a scheme in support of the promotion of electronic vehicles that would lead to expansion of market growth for the Indian Electrolyzer market in the future.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Scope & Segmentation Report Attribute Details Growth Rate CAGR of 9.45 % from 2022 to 2028 The base year for estimation 2021 Historical data 2016 – 2021 Forecast period 2022 to 2028 Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis Segments covered • By Product – Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer • By Capacity– ≤ 500 kW, > 500 kW – 2 MW, Above 2 MW • By Application – Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heating & Power, Others Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa Key companies profiled • CUMMINS, INC. (US) • NEL ASA (Norway) • SIEMENS ENERGY Global GmbH & Co. KG. AG (Germany) • MVS Engineering (India) • Enapter (Italy) • Giner Inc. (US) • Next Hydrogen (Canada) • ITM Power (UK) • Idroenergy (Italy) • Areva H2gen (France) Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

What does this Report Deliver? • Market Estimation for 20+ Countries • Electrolyzer Market demand by Region, Sub-Region, and Country • Customization on Segments, Regions, and Company Profiles • 100+ tables, 150+ Figures • Global, Regional and Country specific Electrolyzer Market Trends • Comprehensive Mapping of Electrolyzer Industry Parameters • Attractive Investment Proposition in the Global Electrolyzer Food Industry • Competitive Strategies Adopted by Electrolyzer Market Key Players • Drivers, Restraints, Opportunities, Challenges and the impact on the Global Electrolyzer Market Size • Market growth rate till 2027 • Regulatory scenario, regional dynamics, and Electrolyzer market insights of leading countries in each region • In-depth Market insights by Region and Country • Market Segmentation Trend Analysis, Opportunities and Growth • Porter’s five force analysis to know the market’s condition • Pricing Analysis and Electrolyzer Market Sales • Parent market analysis • Product portfolio benchmarking

SkyQuest has segmented the Global Electrolyzer Market based on Product Type, Capacity, Application, and Region: ● Global Electrolyzer Market by Product Type (Revenue, USD Million, 2021 – 2028) o Alkaline Electrolyzer o PEM Electrolyzer o Solid Oxide Electrolyzer ● Global Electrolyzer Market by Capacity (Revenue, USD Million, 2021 – 2028) o ≤ 500 kW o > 500 kW – 2 MW o Above 2 MW ● Global Electrolyzer Market by Application (Revenue, USD Million, 2021 – 2028) o Power Generation o Transportation o Industry Energy o Industry Feedstock o Building Heating & Power o Others ● Global Electrolyzer Market By Region (Revenue, USD Million, 2021 – 2028) o North America U.S. Canada o Europe Germany France UK Italy Spain Rest of Europe o Asia Pacific China India Japan Rest of Asia Pacific o Central & South America Brazil Rest of CSA o Middle East & Africa GCC Countries South Africa Rest of MEA

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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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