PEM 전해조 시장 : 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global PEM Electrolyzer Market, valued at USD 5.24 billion in 2024, is projected to expand at a CAGR of 15.7% from 2025 to 2034 as the push for clean energy intensifies. Governments worldwide are actively promoting hydrogen strategies to align with long-term climate goals and net-zero commitments. As nations prioritize decarbonization, hydrogen production is emerging as a cornerstone of the global energy transition. The rising demand for green hydrogen is driving investments in advanced electrolyzer technologies, fostering rapid market expansion.

A surge in energy consumption, coupled with an urgent need for sustainable fuel alternatives, is accelerating the adoption of PEM electrolyzers across industries. The technology's ability to produce high-purity hydrogen with zero carbon emissions is gaining traction, particularly in sectors focused on clean energy integration. Rapid advancements in hydrogen infrastructure, including storage and distribution networks, further support market growth. As energy security concerns rise, businesses are increasingly adopting PEM electrolyzers to generate on-site hydrogen, reducing reliance on traditional fossil fuels. The transition to low-carbon energy solutions, alongside stringent emission reduction targets, is pushing industrial stakeholders toward scalable and efficient hydrogen production methods.

By capacity, PEM electrolyzers in the >500 kW - 2 MW category are expected to generate USD 297 million by 2034. These systems utilize water as a primary feedstock and are widely deployed for on-site applications across multiple industries. Their modular and compact design, combined with high energy efficiency, enhances their appeal across various sectors. Industries are leveraging these electrolyzers to optimize delivery logistics, reduce operational costs, and minimize environmental impact. The rising focus on sustainability and carbon neutrality is driving demand for innovative hydrogen generation solutions. The ability to seamlessly integrate into existing industrial processes ensures long-term reliability and energy security, strengthening the market's expansion.

The transportation sector held a dominant 67.9% market share in 2024, fueled by increased investments in hydrogen-powered mobility. The growing adoption of fuel cell electric vehicles (FCEVs) is accelerating demand for green hydrogen, driving widespread deployment of PEM electrolyzers. As industries move away from conventional fuels, sustainable hydrogen production processes are gaining prominence. PEM electrolyzers are increasingly used for ammonia synthesis and other industrial feedstock applications, further propelling market growth. Businesses are adopting these systems to produce hydrogen on-site, reducing dependency on traditional production methods and reinforcing market stability.

The U.S. PEM electrolyzer market generated USD 234.3 million in 2024, contributing to North America's 5% global market share. The region is witnessing strong growth, driven by rising demand for hydrogen across refining, petrochemicals, glass purification, and fertilizer industries. Government initiatives, funding programs, and policy incentives are fostering sector expansion. The involvement of research institutions and energy stakeholders is accelerating advancements in hydrogen infrastructure, positioning North America as a key player in the global PEM electrolyzer market. As innovation continues to reshape the hydrogen economy, the demand for PEM electrolyzers is expected to rise, driving sustained market growth in the years ahead.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research Design
• 1.2 Base estimates & calculations
• 1.3 Forecast model
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 – 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis

Chapter 4 Competitive landscape, 2024

• 4.1 Introduction
• 4.2 Strategic dashboard
• 4.3 Innovation & technology landscape

Chapter 5 Market Size and Forecast, By Capacity, 2021 – 2034 (USD Million & MW)

• 5.1 Key trends
• 5.2 ≤ 500 kW
• 5.3 > 500 kW - 2 MW
• 5.4 Above 2 MW

Chapter 6 Market Size and Forecast, By Application, 2021 – 2034 (USD Million & MW)

• 6.1 Key trends
• 6.2 Power generation
• 6.3 Transportation
• 6.4 Industry energy
• 6.5 Industry feedstock
• 6.6 Building Heating & Power
• 6.7 Others

Chapter 7 Market Size and Forecast, By Region, 2021 – 2034 (USD Million & ‘000 Units)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 France
  • 7.3.4 Italy
  • 7.3.5 Netherlands
  • 7.3.6 Denmark
  • 7.3.7 Spain
  • 7.3.8 Norway
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 Japan
  • 7.4.3 India
  • 7.4.4 Australia
• 7.5 Rest of World

Chapter 8 Company Profiles

• 8.1 Air Liquide
• 8.2 Air Products and Chemicals, Inc.
• 8.3 Cummins Inc.
• 8.4 Erre Due s.p.a.
• 8.5 Elogen
• 8.6 Giner Inc.
• 8.7 ITM Power PLC
• 8.8 LARSEN & TOUBRO LIMITED
• 8.9 Nel ASA
• 8.10 ostermeier H2ydrogen Solutions GmbH
• 8.11 Plug Power Inc.
• 8.12 Siemens Energy