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Electrolyzers Market - Top Companies and Manufacturers

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Report ID: 3485
Published Date: Aug 27, 2024
Report Format: PDF, PPT

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Companies Dominating the Electrolyzers Landscape

Siemens AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Erredue SpA
Giner Inc.
Shandong Saikesaisi Hydrogen Energy Co., Ltd.
Cummins, Inc.
SIEMENS ENERGY Global GmbH & Co. KG. AG
TOSHIBA CORPORATION
Air Liquide S.A.
NEL ASA
Plug Power Inc.

Browse Key Market Insights with Data Illustration:

Electrolyzers Market Size & Share, Growth Trends 2036

In the News

· February 2021- Siemens AG and Air Liquide signed a Memorandum of Understanding to develop a largescale partnership for creation of industrial hydrogen projects by laying the ground for mass manufacturing of electrolyzers in Europe.

Author Credits: Dhruv Bhatia

Report ID: 3485
Published Date: Aug 27, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of electrolyzers is evaluated at USD 583.28 million.

Electrolyzers Market size was over USD 480.3 million in 2023 and is projected to reach USD 10.52 billion by 2036, growing at around 26.8% CAGR during the forecast period i.e., between 2024-2036. The market growth is driven by increasing demand for hydrogen as a green fuel and rise in demand for fuel-cell based automotive.

Europe is estimated to hold largest revenue share by 2036, on the back of increasing demand for hydrogen as a fuel from the automotive industry, and several initiatives from the government to encourage decarbonizing.

The major players in the market are Siemens AG, Erredue SpA, Giner Inc., Shandong Saikesaisi Hydrogen Energy Co., Ltd., Cummins, Inc., and others.

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