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Electrolysis Stack Market - Top Companies and Manufacturers

  • Report ID: 4716
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Companies Dominating the Electrolysis Stack Landscape

    • Asahi Kasei Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nel ASA
    • H-TEC SYSTEMS GmbH
    • ITM Power PLC
    • Plug Power Inc.
    • OxEon Energy, LLC.
    • h2e Power Systems Inc.
    • Siemens Energy
    • Cummins Inc.
    • Evolve Hydrogen Inc. 
Browse Key Market Insights with Data Illustration:

In the News

  •  Siemens Energy announced the partnership with Toray for promoting a new membrane technology with the demonstration of polymer electrolyte membrane electrolysis in Japan.

  • Cummins Inc., announced the partnership with Iberdrola in order to announce the electrolyzer plants in Castilla-La Mancha, Spain for the production of hydrogen.


Author Credits:  Rajrani Baghel


  • Report ID: 4716
  • Published Date: Dec 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of electrolysis stack is evaluated at USD 1.17 billion.

The electrolysis stack market size was valued at USD 724.69 million in 2024 and is set to exceed USD 34.16 billion by 2037, registering over 34.5% CAGR during the forecast period i.e., between 2025-2037. Increasing demand for hydrogen fuel cell vehicles, surging investment for generation of power, and rising popularity of green fertilizers will drive the market growth.

North America industry is estimated to hold largest revenue share of 40% by 2037, ascribed to surging demand for hydrogen for various applications.

The major players in the market are Asahi Kasei Corporation, Nel ASA, H-TEC SYSTEMS GmbH, ITM Power PLC, Plug Power Inc., OxEon Energy, LLC., h2e Power Systems Inc., Siemens Energy, Cummins Inc., Evolve Hydrogen Inc.
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