Europe, US & China Electrolyser Market

ID: MRFR/EnP/14536-CR
128 Pages
Anshula Mandaokar
Last Updated: July 23, 2026
Europe, US & China Electrolyser Market Research Report Information By product type (Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer, and Anion Exchange Membrane (AEM)) By Component (Bipolar Plates, Stacks, and others), and End Use (Chemical/Refining Industry, Electronics, Energy, Transport, Metal Production & Fabrication, Pharma & Biotech, Food & Beverages, and others) and By Country - Europe, US & China Forecast to 2035
Europe, US & China Electrolyser Market
Market Size
Forecast Period2025 - 2035
CAGR (2025 - 2035)71.33%
2024 Market Size$ 976.33 Million
2025 Market Size$ 1,765.23 Million
2035 Market Size$ 364,443 Million
Key Players
Siemens
Nel Hydrogen
ITM Power
Thyssenkrupp
McPhy Energy
Plug Power
Trends
  • Government Initiatives and Support
  • Technological Advancements
  • Growing Demand for Green Hydrogen
Opportunities
  • Technological Advancements
  • Corporate Sustainability Goals
  • Growing Demand for Green Hydrogen
Summary Table of Contents Segmentation Download PDF
  1. SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS |
    1. 1.1 EXECUTIVE SUMMARY | |
      1. 1.1.1 Market Overview | |
      2. 1.1.2 Key Findings | |
      3. 1.1.3 Market Segmentation | |
      4. 1.1.4 Competitive Landscape | |
      5. 1.1.5 Challenges and Opportunities | |
      6. 1.1.6 Future Outlook 2
  2. SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE |
    1. 2.1 MARKET INTRODUCTION | |
      1. 2.1.1 Definition | |
      2. 2.1.2 Scope of the study | | |
        1. 2.1.2.1 Research Objective | | |
        2. 2.1.2.2 Assumption | | |
        3. 2.1.2.3 Limitations |
    2. 2.2 RESEARCH METHODOLOGY | |
      1. 2.2.1 Overview | |
      2. 2.2.2 Data Mining | |
      3. 2.2.3 Secondary Research | |
      4. 2.2.4 Primary Research | | |
        1. 2.2.4.1 Primary Interviews and Information Gathering Process | | |
        2. 2.2.4.2 Breakdown of Primary Respondents | |
      5. 2.2.5 Forecasting Model | |
      6. 2.2.6 Market Size Estimation | | |
        1. 2.2.6.1 Bottom-Up Approach | | |
        2. 2.2.6.2 Top-Down Approach | |
      7. 2.2.7 Data Triangulation | |
      8. 2.2.8 Validation 3
  3. SECTION III: QUALITATIVE ANALYSIS |
    1. 3.1 MARKET DYNAMICS | |
      1. 3.1.1 Overview | |
      2. 3.1.2 Drivers | |
      3. 3.1.3 Restraints | |
      4. 3.1.4 Opportunities |
    2. 3.2 MARKET FACTOR ANALYSIS | |
      1. 3.2.1 Value chain Analysis | |
      2. 3.2.2 Porter's Five Forces Analysis | | |
        1. 3.2.2.1 Bargaining Power of Suppliers | | |
        2. 3.2.2.2 Bargaining Power of Buyers | | |
        3. 3.2.2.3 Threat of New Entrants | | |
        4. 3.2.2.4 Threat of Substitutes | | |
        5. 3.2.2.5 Intensity of Rivalry | |
      3. 3.2.3 COVID-19 Impact Analysis | | |
        1. 3.2.3.1 Market Impact Analysis | | |
        2. 3.2.3.2 Regional Impact | | |
        3. 3.2.3.3 Opportunity and Threat Analysis 4
  4. SECTION IV: QUANTITATIVE ANALYSIS |
    1. 4.1 Energy & Power, BY Application (USD Million) | |
      1. 4.1.1 Hydrogen Production | |
      2. 4.1.2 Energy Storage | |
      3. 4.1.3 Fuel Cells | |
      4. 4.1.4 Industrial Processes |
    2. 4.2 Energy & Power, BY Technology (USD Million) | |
      1. 4.2.1 Alkaline Electrolyzers | |
      2. 4.2.2 Proton Exchange Membrane Electrolyzers | |
      3. 4.2.3 Solid Oxide Electrolyzers |
    3. 4.3 Energy & Power, BY End Use (USD Million) | |
      1. 4.3.1 Transportation | |
      2. 4.3.2 Power Generation | |
      3. 4.3.3 Chemical Production | |
      4. 4.3.4 Metal Processing 5
  5. SECTION V: COMPETITIVE ANALYSIS |
    1. 5.1 Competitive Landscape | |
      1. 5.1.1 Overview | |
      2. 5.1.2 Competitive Analysis | |
      3. 5.1.3 Market share Analysis | |
      4. 5.1.4 Major Growth Strategy in the Energy & Power | |
      5. 5.1.5 Competitive Benchmarking | |
      6. 5.1.6 Leading Players in Terms of Number of Developments in the Energy & Power | |
      7. 5.1.7 Key developments and growth strategies | | |
        1. 5.1.7.1 New Product Launch/Service Deployment | | |
        2. 5.1.7.2 Merger & Acquisitions | | |
        3. 5.1.7.3 Joint Ventures | |
      8. 5.1.8 Major Players Financial Matrix | | |
        1. 5.1.8.1 Sales and Operating Income | | |
        2. 5.1.8.2 Major Players R&D Expenditure. 2023 |
    2. 5.2 Company Profiles | |
      1. 5.2.1 Siemens (DE) | | |
        1. 5.2.1.1 Financial Overview | | |
        2. 5.2.1.2 Products Offered | | |
        3. 5.2.1.3 Key Developments | | |
        4. 5.2.1.4 SWOT Analysis | | |
        5. 5.2.1.5 Key Strategies | |
      2. 5.2.2 Nel Hydrogen (NO) | | |
        1. 5.2.2.1 Financial Overview | | |
        2. 5.2.2.2 Products Offered | | |
        3. 5.2.2.3 Key Developments | | |
        4. 5.2.2.4 SWOT Analysis | | |
        5. 5.2.2.5 Key Strategies | |
      3. 5.2.3 ITM Power (GB) | | |
        1. 5.2.3.1 Financial Overview | | |
        2. 5.2.3.2 Products Offered | | |
        3. 5.2.3.3 Key Developments | | |
        4. 5.2.3.4 SWOT Analysis | | |
        5. 5.2.3.5 Key Strategies | |
      4. 5.2.4 Thyssenkrupp (DE) | | |
        1. 5.2.4.1 Financial Overview | | |
        2. 5.2.4.2 Products Offered | | |
        3. 5.2.4.3 Key Developments | | |
        4. 5.2.4.4 SWOT Analysis | | |
        5. 5.2.4.5 Key Strategies | |
      5. 5.2.5 McPhy Energy (FR) | | |
        1. 5.2.5.1 Financial Overview | | |
        2. 5.2.5.2 Products Offered | | |
        3. 5.2.5.3 Key Developments | | |
        4. 5.2.5.4 SWOT Analysis | | |
        5. 5.2.5.5 Key Strategies | |
      6. 5.2.6 Plug Power (US) | | |
        1. 5.2.6.1 Financial Overview | | |
        2. 5.2.6.2 Products Offered | | |
        3. 5.2.6.3 Key Developments | | |
        4. 5.2.6.4 SWOT Analysis | | |
        5. 5.2.6.5 Key Strategies | |
      7. 5.2.7 Hydrogenics (CA) | | |
        1. 5.2.7.1 Financial Overview | | |
        2. 5.2.7.2 Products Offered | | |
        3. 5.2.7.3 Key Developments | | |
        4. 5.2.7.4 SWOT Analysis | | |
        5. 5.2.7.5 Key Strategies | |
      8. 5.2.8 Linde (DE) | | |
        1. 5.2.8.1 Financial Overview | | |
        2. 5.2.8.2 Products Offered | | |
        3. 5.2.8.3 Key Developments | | |
        4. 5.2.8.4 SWOT Analysis | | |
        5. 5.2.8.5 Key Strategies |
    3. 5.3 Appendix | |
      1. 5.3.1 References | |
      2. 5.3.2 Related Reports 6 LIST OF FIGURES |
    4. 6.1 MARKET SYNOPSIS |
    5. 6.2 EUROPE MARKET ANALYSIS BY APPLICATION |
    6. 6.3 EUROPE MARKET ANALYSIS BY TECHNOLOGY |
    7. 6.4 EUROPE MARKET ANALYSIS BY END USE |
    8. 6.5 KEY BUYING CRITERIA OF ENERGY & POWER |
    9. 6.6 RESEARCH PROCESS OF MRFR |
    10. 6.7 DRO ANALYSIS OF ENERGY & POWER |
    11. 6.8 DRIVERS IMPACT ANALYSIS: ENERGY & POWER |
    12. 6.9 RESTRAINTS IMPACT ANALYSIS: ENERGY & POWER |
    13. 6.10 SUPPLY / VALUE CHAIN: ENERGY & POWER |
    14. 6.11 ENERGY & POWER, BY APPLICATION, 2024 (% SHARE) |
    15. 6.12 ENERGY & POWER, BY APPLICATION, 2024 TO 2035 (USD Million) |
    16. 6.13 ENERGY & POWER, BY TECHNOLOGY, 2024 (% SHARE) |
    17. 6.14 ENERGY & POWER, BY TECHNOLOGY, 2024 TO 2035 (USD Million) |
    18. 6.15 ENERGY & POWER, BY END USE, 2024 (% SHARE) |
    19. 6.16 ENERGY & POWER, BY END USE, 2024 TO 2035 (USD Million) |
    20. 6.17 BENCHMARKING OF MAJOR COMPETITORS 7 LIST OF TABLES |
    21. 7.1 LIST OF ASSUMPTIONS | |
      1. 7.1.1 |
    22. 7.2 Europe MARKET SIZE ESTIMATES; FORECAST | |
      1. 7.2.1 BY APPLICATION, 2026-2035 (USD Million) | |
      2. 7.2.2 BY TECHNOLOGY, 2026-2035 (USD Million) | |
      3. 7.2.3 BY END USE, 2026-2035 (USD Million) |
    23. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL | |
      1. 7.3.1 |
    24. 7.4 ACQUISITION/PARTNERSHIP | |

Europe US China Electrolyser Market Segmentation

Europe US China Electrolyser Market By Application (USD Million, 2026-2035)

  • Hydrogen Production
  • Energy Storage
  • Fuel Cells
  • Industrial Processes

Europe US China Electrolyser Market By Europe US China Electrolyser Market (USD Million, 2026-2035)

  • Alkaline Electrolyzers
  • Proton Exchange Membrane Electrolyzers
  • Solid Oxide Electrolyzers

Europe US China Electrolyser Market By End Use (USD Million, 2026-2035)

  • Transportation
  • Power Generation
  • Chemical Production
  • Metal Processing

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