Green Hydrogen Electrolyzer Market Outlook by Examining the Results of Different Competitors Through 2031 | Bloom Energy, Cummins Inc., Green Hydrogen Systems, H-TEC SYSTEMS GmbH

The Green Hydrogen Electrolyzer Market is anticipated to reach USD$ 17.9 billion by 2031 from USD$ 2.20 billion in 2022, at a CAGR of 29.9% during the forecast period.

DataM Intelligence has published a new research report on "Green Hydrogen Electrolyzer Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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A green hydrogen electrolyzer is a device that uses renewable electricity, such as solar or wind power, to split water (H₂O) into hydrogen (H₂) and oxygen (O₂) through the process of electrolysis. The hydrogen produced is referred to as "green hydrogen" because it is generated using clean energy sources, making it a sustainable and environmentally friendly alternative to traditional hydrogen production methods. Green hydrogen is used in various industries, including energy storage, transportation, and chemical production, helping reduce carbon emissions.

Key Developments:

In 2024, Siemens Energy secured a contract to provide a 280-megawatt electrolysis system for a green hydrogen plant in Emden, Germany, operated by utility company EWE. Scheduled to begin operations in 2027, the plant will produce up to 26,000 tons of green hydrogen annually, potentially cutting CO2 emissions by approximately 800,000 tons per year, particularly in industries like steel. Siemens Energy will use its highly efficient PEM technology, optimized for renewable energy sources, with the electrolyzer stacks produced at its gigawatt factory in Berlin.

In 2022, Shell launched operations at one of the world's largest hydrogen electrolyzers in Zhangjiakou, China, through a joint venture with Zhangjiakou City Transport Construction Investment Holding Group. The 20-megawatt electrolyzer, which began production ahead of the 2022 Winter Olympic Games, provided green hydrogen for fuel cell vehicles used during the event. The joint venture plans to expand the electrolyzer's capacity to 60 megawatts over the next two years.

Research Process:

Both primary and secondary data sources have been used in the global Green Hydrogen Electrolyzer Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Green Hydrogen Electrolyzer Market:

Bloom Energy, Cummins Inc., Green Hydrogen Systems, H-TEC SYSTEMS GmbH, Hysata, ITM Power PLC, Nel ASA, Next Hydrogen, Ohmium and Siemens AG.

Segment Covered in the Green Hydrogen Electrolyzer Market:

By Type: Polymer Electrolyte Membrane (PEM) electrolyzer, Alkaline Water Electrolyzer, Solid Oxide Electrolyzer

By Capacity: Low (Up to 500kW), Medium (500kW-2,000kW), High (More than 2,000kW)

By Application: Power Plants, Steel Plant, Electronics and Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Energy, Others

Regional Analysis:

The global Green Hydrogen Electrolyzer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Green Hydrogen Electrolyzer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Green Hydrogen Electrolyzer Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Green Hydrogen Electrolyzer manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Green Hydrogen Electrolyzer in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Green Hydrogen Electrolyzer Market?

A) Global Green Hydrogen Electrolyzer Market reached US$ 2.20 billion in 2023 and is expected to reach US$ 17.9 billion by 2031, growing with a CAGR of 29.9% during the forecast period 2024-2031.

Q2) Who are the key players of Green Hydrogen Electrolyzer Market?

A) Key players are Bloom Energy, Cummins Inc., Green Hydrogen Systems, H-TEC SYSTEMS GmbH, Hysata, ITM Power PLC, Nel ASA, Next Hydrogen, Ohmium and Siemens AG.

Q3) What are the regions covered in this report?

A) The global Green Hydrogen Electrolyzer Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Green Hydrogen Electrolyzer market is segmented as Type, Capacity, Application and Region

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