The global electrolyser market reached a value of about USD 587.94 Million in 2025. The market is further estimated to grow at a CAGR of 27.30% in the forecast period of 2026-2035 to reach a value of around USD 6570.78 Million by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
27.3%
Value in USD Million
2026-2035
*this image is indicative*
Based on product, the increasing demand for proton exchange membrane (PEM) electrolysers, owing to their exceptional benefits, is supporting the market growth. It offers several advantages over other electrolyser systems, such as fast response, high pressure, and pure hydrogen production. Additionally, proton exchange membrane provides benefits, such as lower gas permeability, high proton conductivity, lower thickness, and high-pressure operations. It offers compact design, high current density, small footprint, and can operate under lower temperatures. Further, the ease with which PEM electrolysis plants can be balanced makes them more attractive for a range of industrial applications.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The initiatives taken by manufacturers towards offering PEM electrolysers with high delivery pressure, which is suitable for on-site storage, and the availability of mega-Watt scale PEM are aiding the electrolyser market growth. Over the forecast period, substantial research to improve the PEM water electrolysis components for more cost-effectiveness, coupled with the rapid developments in PEM water electrolysis technology including high performance electrocatalysts, is likely to stimulate the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The electrolyser is a system that uses electricity to break water into hydrogen and oxygen molecules. The hydrogen gas obtained through electrolysis is either compressed or liquefied for use as a green energy source, and the oxygen is released into the atmosphere, or is used to carry out industrial processes or for medical applications. The components of an electrolyser include a cathode, an anode, a membrane, pumps, vents, storage tanks, and a separator, among others.
Market Breakup by Product
Market Breakup by Capacity
Market Breakup by Application
Market Breakup by Region
The rising energy consumption worldwide is resulting in the emerging need for clean energy sources like hydrogen, which, in turn, is increasing the use of hydrogen production methods like water electrolysis. There is a rising application of hydrogen produced from electrolysers in hydrogen fuel cells to generate electricity with zero emissions and reduce the dependency on fossil fuels. Additionally, the rapid adoption of electric vehicles to decarbonise the economy is resulting in the utilisation of hydrogen to generate electricity, thereby benefitting the market. The availability of different electrolysers of varied sizes and functions that can meet the needs of small industrial plants to large-scale centralised production facilities is contributing to the market expansion. The increasing government efforts to support the development of a green hydrogen economy are also favouring the electrolyser market growth. For instance, in September 2021, the Government of India decided to develop a production-linked incentive (PLI) scheme to bolster the indigenous manufacturing of electrolysers and meet the target of establishing 10 gigawatts of domestic manufacturing capacity for green hydrogen. Over the forecast period, the expanding research activities to develop improved electrolyser technology are expected to aid the market growth.
The report gives a detailed analysis of the following key players in the global electrolyser market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Upto 15% Off
USD
$2499 $2249
$3999 $3599
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2025, the global electrolyser market attained a value of nearly USD 587.94 Million.
The market is assessed to grow at a CAGR of 27.30% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach almost USD 6570.78 Million by 2035.
The major market drivers include the rising energy consumption, increasing application of hydrogen produced from electrolysers in hydrogen fuel cells to generate electricity, rapid adoption of electric vehicles, and growing demand for PEM electrolysers.
The key trends guiding the growth of the market include the emerging need for clean energy sources like hydrogen, favourable government initiatives, and increasing research activities to develop improved electrolyser technology.
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products explored in the market report include alkaline electrolyser, solid oxide electrolyser, and PEM electrolyser.
The various capacities of electrolyser include less than 500 kW, 500 kW - 2 MW, and above 2 MW.
The different applications of electrolyser include transportation, power generation, industry feedstock, industry energy, and building heating and power, among others.
The major players in the market are Cummins, Inc., Nel ASA, Siemens AG, McPhy Energy S.A., and ITM Power PLC, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Capacity |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share