About Contact Us Careers

Electrolyzers Market Trends

Request Free Sample Copy

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

Buy Now

Electrolyzers Market Trends

Growth Drivers

Increasing Demand for Hydrogen as a Green Fuel
Rise in Demand for Fuel-Cell Based Automotive

Challenges

High Electricity Cost of Using Electrolyzers

Electrolyzers Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	26.8%
Base Year Market Size (2023)	USD 480.3 million
Forecast Year Market Size (2036)	USD 10.52 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:

Electrolyzers Market Size & Share, Growth Trends 2036

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.

Inquiry Before Buying Request Free Sample