1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Electrolyzer Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Alkaline Electrolyzer
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 PEM Electrolyzer
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Solid Oxide Electrolyzer
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Capacity
7.1 Less than 500 kW
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 500 kW to 2 MW
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Above 2 MW
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Power Generation
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Transportation
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industry Energy
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industry Feedstock
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Building Heat and Power
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Air Liquide S.A.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Air Products and Chemicals Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Asahi Kasei Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Cummins Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 ITM Power plc
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Linde plc
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 McPhy Energy S.A.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 Nel ASA
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Plug Power Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Siemens AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Titanium Tantalum Products Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Toshiba Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Electrolyzer Market: Major Drivers and Challenges
Figure 2: Global: Electrolyzer Market: Sales Value (in Million USD), 2019-2024
Figure 3: Global: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 4: Global: Electrolyzer Market: Breakup by Product (in %), 2024
Figure 5: Global: Electrolyzer Market: Breakup by Capacity (in %), 2024
Figure 6: Global: Electrolyzer Market: Breakup by Application (in %), 2024
Figure 7: Global: Electrolyzer Market: Breakup by Region (in %), 2024
Figure 8: Global: Electrolyzer (Alkaline Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
Figure 9: Global: Electrolyzer (Alkaline Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 10: Global: Electrolyzer (PEM Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
Figure 11: Global: Electrolyzer (PEM Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 12: Global: Electrolyzer (Solid Oxide Electrolyzer) Market: Sales Value (in Million USD), 2019 & 2024
Figure 13: Global: Electrolyzer (Solid Oxide Electrolyzer) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 14: Global: Electrolyzer (Less than 500 kW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 15: Global: Electrolyzer (Less than 500 kW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 16: Global: Electrolyzer (500 kW to 2 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 17: Global: Electrolyzer (500 kW to 2 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 18: Global: Electrolyzer (Above 2 MW) Market: Sales Value (in Million USD), 2019 & 2024
Figure 19: Global: Electrolyzer (Above 2 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 20: Global: Electrolyzer (Power Generation) Market: Sales Value (in Million USD), 2019 & 2024
Figure 21: Global: Electrolyzer (Power Generation) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 22: Global: Electrolyzer (Transportation) Market: Sales Value (in Million USD), 2019 & 2024
Figure 23: Global: Electrolyzer (Transportation) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 24: Global: Electrolyzer (Industry Energy) Market: Sales Value (in Million USD), 2019 & 2024
Figure 25: Global: Electrolyzer (Industry Energy) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 26: Global: Electrolyzer (Industry Feedstock) Market: Sales Value (in Million USD), 2019 & 2024
Figure 27: Global: Electrolyzer (Industry Feedstock) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 28: Global: Electrolyzer (Building Heat and Power) Market: Sales Value (in Million USD), 2019 & 2024
Figure 29: Global: Electrolyzer (Building Heat and Power) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 30: Global: Electrolyzer (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
Figure 31: Global: Electrolyzer (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 32: North America: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 33: North America: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 34: United States: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 35: United States: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 36: Canada: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 37: Canada: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 38: Asia-Pacific: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 39: Asia-Pacific: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 40: China: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 41: China: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 42: Japan: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 43: Japan: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 44: India: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 45: India: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 46: South Korea: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 47: South Korea: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 48: Australia: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 49: Australia: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 50: Indonesia: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 51: Indonesia: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 52: Others: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 53: Others: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 54: Europe: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 55: Europe: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 56: Germany: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 57: Germany: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 58: France: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 59: France: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 60: United Kingdom: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 61: United Kingdom: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 62: Italy: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 63: Italy: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 64: Spain: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 65: Spain: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 66: Russia: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 67: Russia: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 68: Others: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 69: Others: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 70: Latin America: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 71: Latin America: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 72: Brazil: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 73: Brazil: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 74: Mexico: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 75: Mexico: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 76: Others: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 77: Others: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 78: Middle East and Africa: Electrolyzer Market: Sales Value (in Million USD), 2019 & 2024
Figure 79: Middle East and Africa: Electrolyzer Market: Breakup by Country (in %), 2024
Figure 80: Middle East and Africa: Electrolyzer Market Forecast: Sales Value (in Million USD), 2025-2033
Figure 81: Global: Electrolyzer Industry: SWOT Analysis
Figure 82: Global: Electrolyzer Industry: Value Chain Analysis
Figure 83: Global: Electrolyzer Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Electrolyzer Market: Key Industry Highlights, 2024 and 2033
Table 2: Global: Electrolyzer Market Forecast: Breakup by Product (in Million USD), 2025-2033
Table 3: Global: Electrolyzer Market Forecast: Breakup by Capacity (in Million USD), 2025-2033
Table 4: Global: Electrolyzer Market Forecast: Breakup by Application (in Million USD), 2025-2033
Table 5: Global: Electrolyzer Market Forecast: Breakup by Region (in Million USD), 2025-2033
Table 6: Global: Electrolyzer Market: Competitive Structure
Table 7: Global: Electrolyzer Market: Key Players