Global Hydrogen Electrolyzer Market
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Exclusive Report on Hydrogen Electrolyzer Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028

Global Hydrogen Electrolyzer Market by Product Type (Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, Solid Oxide Electrolyzer), By End-User (Food and beverages, Automobile, Pharmaceutical and Biotechnology, Energy, Electronics, Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Hydrogen Electrolyzer Market is expected to grow at a CAGR of 7.2% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Hydrogen Electrolyzer market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.

The major factor that have impacted the growth of the market includes favorable government policies, continuous technology advancement and Increasing government investment in renewable energy, among others.

The government is coming with various policies to tackle and reduce the effect of global warming. The government is also trying to reduce the dependency on fossil fuels and increase the source of renewable energy. Wind and solar energy for the production of electricity are being encouraged. It is hoped that this will lead to a reduction in greenhouse gas emissions.

Regional Analysis

North America has the largest market share for hydrogen electrolyzers due to the widespread use of hydrogen as a fuel in industries and as a hub for fertilizers, petrochemicals, and glass purification. Owing to favorable government policies for electric vehicle production, Asia Pacific is expected to grow the fastest during the forecast period.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Hydrogen Electrolyzer market provides an in-depth analysis of key players which includes:

  • Acta
  • Giner Inc.
  • Hydrogenics Corporation
  • HyperSolar, Inc.
  • iGas energy
  • ITM Power
  • McPhy Energy
  • Nel ASA
  • Siemens AG
  • TianJin Mainland Hydrogen Equipment Co Ltd.
Parameters Details
Market Size (2020) $ Billion
CAGR (2021 to 2028) More than 7.2%
Market Segmentation Product Type, and End-User
Companies profiled Acta, Giner Inc, Hydrogenics Corporation, HyperSolar Inc, iGas energy, ITM Power, McPhy Energy, Nel, Siemens, TianJin Mainland Hydrogen Equipment Co., Ltd.
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028


The global Hydrogen Electrolyzer Market is segmented based on Product Type, and End-User. Based on Product Type, the market is segmented as Polymer Electrolyte Membrane (PEM) Electrolyzer, Alkaline Water Electrolyzer, Solid Oxide Electrolyzer. Based on End-User, the market is segmented as food and beverages, Automobile, Pharmaceutical and Biotechnology, Energy, Electronics, Others.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Hydrogen Electrolyzer Market
  • Value Chain Analysis of Global Hydrogen Electrolyzer Market
  • What is the CAGR of the global Hydrogen Electrolyzer Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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