Global Electrolyzer Market Size & Outlook, 2023-2030
The electrolyzer industry worldwide is expected to reach a projected revenue of US$ 52,322.3 million by 2030. A compound annual growth rate of 94.9% is expected of the worldwide electrolyzer industry from 2024 to 2030.
Revenue, 2023 (US$M)
$489.1
Forecast, 2030 (US$M)
$52,322.3
CAGR, 2024 - 2030
94.9%
Report Coverage
Worldwide
Global electrolyzer market, 2018-2030 (US$M)
Global electrolyzer market highlights
- The global electrolyzer market generated a revenue of USD 489.1 million in 2023 and is expected to reach USD 52,322.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 94.9% by 2030.
- In terms of segment, alkaline electrolyzer accounted for a revenue of USD 489.1 million in 2023.
- Alkaline Electrolyzer is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 489.1 million |
| Market revenue in 2030 | USD 52,322.3 million |
| Growth rate | 94.9% (CAGR from 2023 to 2030) |
| Largest segment | Alkaline electrolyzer |
| Fastest growing segment | Alkaline Electrolyzer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Alkaline Electrolyzer |
Other key industry trends
- In terms of revenue, the North America accounted for 42.0% of the global electrolyzer market in 2023.
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Electrolyzer Market Scope
Electrolyzer market segmentation & scope
Alkaline Electrolyzer
Proton Exchange Membrane (PEM)
Solid Oxide Electrolyzer (SOE)
Anion Exchange Membrane (AEM)
Application
Power Plants
Energy Storage or Fueling for FCEV's
Industrial Gases
Power to Gas
Steel Plant
Others
Electronics & Photovoltaics
Countries
U.S.
Canada
Mexico
UK
Sweden
Spain
Norway
Italy
Germany
France
Denmark
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Electrolyzer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global electrolyzer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electrolyzer market will help companies and investors design strategic landscapes.
Alkaline electrolyzer was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global electrolyzer market based on alkaline electrolyzer covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Electrolyzer Technology Outlook (Revenue, USD Million, 2018-2030)
- Alkaline Electrolyzer
- Proton Exchange Membrane (PEM)
- Solid Oxide Electrolyzer (SOE)
- Anion Exchange Membrane (AEM)
- Global Electrolyzer Application Outlook (Revenue, USD Million, 2018-2030)
- Power Plants
- Energy Storage or Fueling for FCEV's
- Industrial Gases
- Power to Gas
- Steel Plant
- Others
- Electronics & Photovoltaics
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Target buyers of Global electrolyzer market databook
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Our clientele includes a mix of electrolyzer market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global electrolyzer market , including forecasts for subscribers. This global databook contains high-level insights into Global electrolyzer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global electrolyzer market size, by regions, 2018-2030 (US$M)
Related regional statistics
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