수소 전해조 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측, 기술별, 발전별, 최종 이용 산업별, 지역별 부문, 경쟁(2020-2030년)

The Global Hydrogen Electrolyzer Market was valued at USD 1.4 billion in 2024 and is expected to reach USD 18.0 billion by 2030 with a CAGR of 52.8% through 2030. Governments worldwide are implementing stringent policies, net-zero targets, and financial incentives to accelerate hydrogen adoption. Countries such as the U.S., Germany, Japan, and China are investing heavily in large-scale electrolyzer projects to decarbonize industries like steel, chemicals, and transportation. The declining cost of renewable energy sources, particularly solar and wind, is further making green hydrogen production more cost-effective. Technological advancements in Proton Exchange Membrane (PEM), Alkaline, and Solid Oxide Electrolyzers are enhancing efficiency and scalability, attracting significant investments from key players like Siemens Energy, Nel Hydrogen, and Plug Power.

Key Market Drivers

Rising Demand for Green Hydrogen and Decarbonization Initiatives

The global hydrogen electrolyzer market is primarily driven by the rising demand for green hydrogen as governments and industries transition towards cleaner energy solutions. Green hydrogen, produced using renewable energy sources such as solar and wind power, is gaining traction as a key component in achieving net-zero carbon emissions. This transition is fueled by increasing concerns over climate change, stringent carbon reduction targets, and global commitments to the Paris Agreement. Countries such as the United States, Germany, Japan, South Korea, China, and the European Union have established ambitious hydrogen roadmaps, offering financial incentives, tax credits, and subsidies to promote large-scale hydrogen production. For instance, the U.S. Inflation Reduction Act provides tax credits for clean hydrogen production, making electrolyzer adoption more economically viable.

Heavy industries such as steel, cement, ammonia, and chemicals, which are traditionally reliant on fossil fuels, are now integrating hydrogen to reduce their carbon footprints. The steel industry, for example, is exploring hydrogen-based Direct Reduced Iron (DRI) processes to replace coal-based production methods. Similarly, the ammonia and chemical sectors are adopting green hydrogen to produce low-carbon fertilizers and petrochemicals. The transportation sector is another major driver, with hydrogen fuel cell technology gaining momentum in heavy-duty trucks, trains, ships, and even aviation. Countries such as Germany and Japan have already introduced hydrogen-powered trains, while companies like Toyota, Hyundai, and Nikola Motors are investing in hydrogen fuel cell vehicles.

Key Market Challenges

High Capital Costs and Economic Viability

One of the major challenges facing the Global Hydrogen Electrolyzer Market is the high capital expenditure (CAPEX) and operational expenditure (OPEX) associated with electrolyzer production, installation, and maintenance. Electrolyzers require significant upfront investments, making green hydrogen production less competitive compared to grey and blue hydrogen, which are derived from fossil fuels. Despite declining costs of renewable energy, the levelized cost of hydrogen (LCOH) from electrolysis remains relatively high due to expensive raw materials, complex manufacturing processes, and infrastructure requirements.

Currently, Proton Exchange Membrane (PEM) and Solid Oxide Electrolyzers (SOE) rely on rare and costly metals like platinum, iridium, and ruthenium for catalysts, driving up production costs. The supply of these critical materials is limited, making it challenging to scale electrolyzer production without cost-effective alternatives. Additionally, while Alkaline Water Electrolyzers (AWE) have lower upfront costs, their efficiency is lower compared to PEM and SOE technologies, resulting in higher electricity consumption per unit of hydrogen produced.

Another major concern is the high cost of renewable electricity, which directly impacts hydrogen production economics. Although the cost of solar and wind energy has dropped significantly over the past decade, variability in renewable energy supply can affect the efficiency and output of electrolyzers. Electrolyzers operate best under constant power loads, but integrating them with intermittent renewable energy sources like wind and solar requires energy storage solutions or grid balancing mechanisms, which add additional costs.

Key Market Trends

Rapid Expansion of Large-Scale Green Hydrogen Projects

One of the most significant trends in the Global Hydrogen Electrolyzer Market is the rapid expansion of large-scale green hydrogen projects. Governments and private enterprises worldwide are making substantial investments in gigawatt-scale (GW) hydrogen production facilities, aiming to accelerate the transition to a hydrogen-based economy. These projects are strategically located in regions with abundant renewable energy resources, such as Australia, the Middle East, Europe, and North America, where solar and wind power can be harnessed to produce low-cost green hydrogen.

Countries are actively integrating hydrogen into their energy transition strategies, launching national hydrogen roadmaps, and providing incentives to scale up production. For instance, the European Green Deal targets 10 million metric tons of renewable hydrogen production by 2030, supporting the development of electrolyzer gigafactories. Similarly, Saudi Arabia's NEOM project is set to become the world's largest green hydrogen plant, with a planned capacity of 4 GW of electrolyzers to produce hydrogen-based ammonia for global export. In the United States, the Biden Administration's Hydrogen Shot Initiative aims to reduce the cost of green hydrogen to USD1 per kg by 2031, making large-scale projects financially viable.

Key Market Players

• Siemens AG
• ITM Power plc
• Air Products and Chemicals, Inc.
• McPhy Energy S.A.
• Cummins Inc.
• Plug Power Inc.
• Thyssenkrupp AG
• Ballard Power Systems Inc.
• Enel Green Power S.p.A.
• Green Hydrogen Systems A/S

Report Scope:

In this report, the Global Hydrogen Electrolyzer Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Hydrogen Electrolyzer Market, By Technology:

• Proton Exchange Membrane (PEM)
• Alkaline Electrolyzer (AE)
• Solid Oxide Electrolyzer (SOE)
• Anion Exchange Membrane

Hydrogen Electrolyzer Market, By Power Generation:

• 500 kW
• 500-2,000 kW
• 2,000 kW

Hydrogen Electrolyzer Market, By End-Use Industry:

• Chemical Industry
• Refining
• Power Generation
• Others

Hydrogen Electrolyzer Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Belgium
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Vietnam
• South America
  • Brazil
  • Colombia
  • Argentina
  • Chile
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Hydrogen Electrolyzer Market.

Available Customizations:

Global Hydrogen Electrolyzer Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Solution Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Formulation of the Scope
• 2.4. Assumptions and Limitations
• 2.5. Sources of Research
  • 2.5.1. Secondary Research
  • 2.5.2. Primary Research
• 2.6. Approach for the Market Study
  • 2.6.1. The Bottom-Up Approach
  • 2.6.2. The Top-Down Approach
• 2.7. Methodology Followed for Calculation of Market Size & Market Shares
• 2.8. Forecasting Methodology
  • 2.8.1. Data Triangulation & Validation

3. Executive Summary

4. Voice of Customer

5. Global Hydrogen Electrolyzer Market Overview

6. Global Hydrogen Electrolyzer Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Technology (Proton Exchange Membrane (PEM), Alkaline Electrolyzer (AE), Solid Oxide Electrolyzer (SOE), Anion Exchange Membrane)
  • 6.2.2. By Power Generation (500 kW, 500-2,000 kW, 2,000 kW)
  • 6.2.3. By End-Use Industry (Chemical Industry, Refining, Power Generation, Others)
  • 6.2.4. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
• 6.3. By Company (2024)
• 6.4. Market Map

7. North America Hydrogen Electrolyzer Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Technology
  • 7.2.2. By Power Generation
  • 7.2.3. By End-Use Industry
  • 7.2.4. By Country
• 7.3. North America: Country Analysis
  • 7.3.1. United States Hydrogen Electrolyzer Market Outlook
    • 7.3.1.1.Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2.Market Share & Forecast
      • 7.3.1.2.1. By Technology
      • 7.3.1.2.2. By Power Generation
      • 7.3.1.2.3. By End-Use Industry
  • 7.3.2. Canada Hydrogen Electrolyzer Market Outlook
    • 7.3.2.1.Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2.Market Share & Forecast
      • 7.3.2.2.1. By Technology
      • 7.3.2.2.2. By Power Generation
      • 7.3.2.2.3. By End-Use Industry
  • 7.3.3. Mexico Hydrogen Electrolyzer Market Outlook
    • 7.3.3.1.Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2.Market Share & Forecast
      • 7.3.3.2.1. By Technology
      • 7.3.3.2.2. By Power Generation
      • 7.3.3.2.3. By End-Use Industry

8. Europe Hydrogen Electrolyzer Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Technology
  • 8.2.2. By Power Generation
  • 8.2.3. By End-Use Industry
  • 8.2.4. By Country
• 8.3. Europe: Country Analysis
  • 8.3.1. Germany Hydrogen Electrolyzer Market Outlook
    • 8.3.1.1.Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2.Market Share & Forecast
      • 8.3.1.2.1. By Technology
      • 8.3.1.2.2. By Power Generation
      • 8.3.1.2.3. By End-Use Industry
  • 8.3.2. France Hydrogen Electrolyzer Market Outlook
    • 8.3.2.1.Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2.Market Share & Forecast
      • 8.3.2.2.1. By Technology
      • 8.3.2.2.2. By Power Generation
      • 8.3.2.2.3. By End-Use Industry
  • 8.3.3. United Kingdom Hydrogen Electrolyzer Market Outlook
    • 8.3.3.1.Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2.Market Share & Forecast
      • 8.3.3.2.1. By Technology
      • 8.3.3.2.2. By Power Generation
      • 8.3.3.2.3. By End-Use Industry
  • 8.3.4. Italy Hydrogen Electrolyzer Market Outlook
    • 8.3.4.1.Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2.Market Share & Forecast
      • 8.3.4.2.1. By Technology
      • 8.3.4.2.2. By Power Generation
      • 8.3.4.2.3. By End-Use Industry
  • 8.3.5. Spain Hydrogen Electrolyzer Market Outlook
    • 8.3.5.1.Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2.Market Share & Forecast
      • 8.3.5.2.1. By Technology
      • 8.3.5.2.2. By Power Generation
      • 8.3.5.2.3. By End-Use Industry
  • 8.3.6. Belgium Hydrogen Electrolyzer Market Outlook
    • 8.3.6.1.Market Size & Forecast
      • 8.3.6.1.1. By Value
    • 8.3.6.2.Market Share & Forecast
      • 8.3.6.2.1. By Technology
      • 8.3.6.2.2. By Power Generation
      • 8.3.6.2.3. By End-Use Industry

9. Asia Pacific Hydrogen Electrolyzer Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Technology
  • 9.2.2. By Power Generation
  • 9.2.3. By End-Use Industry
  • 9.2.4. By Country
• 9.3. Asia Pacific: Country Analysis
  • 9.3.1. China Hydrogen Electrolyzer Market Outlook
    • 9.3.1.1.Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2.Market Share & Forecast
      • 9.3.1.2.1. By Technology
      • 9.3.1.2.2. By Power Generation
      • 9.3.1.2.3. By End-Use Industry
  • 9.3.2. India Hydrogen Electrolyzer Market Outlook
    • 9.3.2.1.Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2.Market Share & Forecast
      • 9.3.2.2.1. By Technology
      • 9.3.2.2.2. By Power Generation
      • 9.3.2.2.3. By End-Use Industry
  • 9.3.3. Japan Hydrogen Electrolyzer Market Outlook
    • 9.3.3.1.Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2.Market Share & Forecast
      • 9.3.3.2.1. By Technology
      • 9.3.3.2.2. By Power Generation
      • 9.3.3.2.3. By End-Use Industry
  • 9.3.4. South Korea Hydrogen Electrolyzer Market Outlook
    • 9.3.4.1.Market Size & Forecast
      • 9.3.4.1.1. By Value
    • 9.3.4.2.Market Share & Forecast
      • 9.3.4.2.1. By Technology
      • 9.3.4.2.2. By Power Generation
      • 9.3.4.2.3. By End-Use Industry
  • 9.3.5. Australia Hydrogen Electrolyzer Market Outlook
    • 9.3.5.1.Market Size & Forecast
      • 9.3.5.1.1. By Value
    • 9.3.5.2.Market Share & Forecast
      • 9.3.5.2.1. By Technology
      • 9.3.5.2.2. By Power Generation
      • 9.3.5.2.3. By End-Use Industry
  • 9.3.6. Indonesia Hydrogen Electrolyzer Market Outlook
    • 9.3.6.1.Market Size & Forecast
      • 9.3.6.1.1. By Value
    • 9.3.6.2.Market Share & Forecast
      • 9.3.6.2.1. By Technology
      • 9.3.6.2.2. By Power Generation
      • 9.3.6.2.3. By End-Use Industry
  • 9.3.7. Vietnam Hydrogen Electrolyzer Market Outlook
    • 9.3.7.1.Market Size & Forecast
      • 9.3.7.1.1. By Value
    • 9.3.7.2.Market Share & Forecast
      • 9.3.7.2.1. By Technology
      • 9.3.7.2.2. By Power Generation
      • 9.3.7.2.3. By End-Use Industry

10. South America Hydrogen Electrolyzer Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Technology
  • 10.2.2. By Power Generation
  • 10.2.3. By End-Use Industry
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Hydrogen Electrolyzer Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Technology
      • 10.3.1.2.2. By Power Generation
      • 10.3.1.2.3. By End-Use Industry
  • 10.3.2. Colombia Hydrogen Electrolyzer Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Technology
      • 10.3.2.2.2. By Power Generation
      • 10.3.2.2.3. By End-Use Industry
  • 10.3.3. Argentina Hydrogen Electrolyzer Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Technology
      • 10.3.3.2.2. By Power Generation
      • 10.3.3.2.3. By End-Use Industry
  • 10.3.4. Chile Hydrogen Electrolyzer Market Outlook
    • 10.3.4.1. Market Size & Forecast
      • 10.3.4.1.1. By Value
    • 10.3.4.2. Market Share & Forecast
      • 10.3.4.2.1. By Technology
      • 10.3.4.2.2. By Power Generation
      • 10.3.4.2.3. By End-Use Industry

11. Middle East & Africa Hydrogen Electrolyzer Market Outlook

• 11.1. Market Size & Forecast
  • 11.1.1. By Value
• 11.2. Market Share & Forecast
  • 11.2.1. By Technology
  • 11.2.2. By Power Generation
  • 11.2.3. By End-Use Industry
  • 11.2.4. By Country
• 11.3. Middle East & Africa: Country Analysis
  • 11.3.1. Saudi Arabia Hydrogen Electrolyzer Market Outlook
    • 11.3.1.1. Market Size & Forecast
      • 11.3.1.1.1. By Value
    • 11.3.1.2. Market Share & Forecast
      • 11.3.1.2.1. By Technology
      • 11.3.1.2.2. By Power Generation
      • 11.3.1.2.3. By End-Use Industry
  • 11.3.2. UAE Hydrogen Electrolyzer Market Outlook
    • 11.3.2.1. Market Size & Forecast
      • 11.3.2.1.1. By Value
    • 11.3.2.2. Market Share & Forecast
      • 11.3.2.2.1. By Technology
      • 11.3.2.2.2. By Power Generation
      • 11.3.2.2.3. By End-Use Industry
  • 11.3.3. South Africa Hydrogen Electrolyzer Market Outlook
    • 11.3.3.1. Market Size & Forecast
      • 11.3.3.1.1. By Value
    • 11.3.3.2. Market Share & Forecast
      • 11.3.3.2.1. By Technology
      • 11.3.3.2.2. By Power Generation
      • 11.3.3.2.3. By End-Use Industry
  • 11.3.4. Turkey Hydrogen Electrolyzer Market Outlook
    • 11.3.4.1. Market Size & Forecast
      • 11.3.4.1.1. By Value
    • 11.3.4.2. Market Share & Forecast
      • 11.3.4.2.1. By Technology
      • 11.3.4.2.2. By Power Generation
      • 11.3.4.2.3. By End-Use Industry
  • 11.3.5. Israel Hydrogen Electrolyzer Market Outlook
    • 11.3.5.1. Market Size & Forecast
      • 11.3.5.1.1. By Value
    • 11.3.5.2. Market Share & Forecast
      • 11.3.5.2.1. By Technology
      • 11.3.5.2.2. By Power Generation
      • 11.3.5.2.3. By End-Use Industry

12. Market Dynamics

• 12.1. Drivers
• 12.2. Challenges

13. Market Trends and Developments

14. Company Profiles

• 14.1. Siemens AG
  • 14.1.1. Business Overview
  • 14.1.2. Key Revenue and Financials
  • 14.1.3. Recent Developments
  • 14.1.4. Key Personnel/Key Contact Person
  • 14.1.5. Key Product/Services Offered
• 14.2. ITM Power plc
  • 14.2.1. Business Overview
  • 14.2.2. Key Revenue and Financials
  • 14.2.3. Recent Developments
  • 14.2.4. Key Personnel/Key Contact Person
  • 14.2.5. Key Product/Services Offered
• 14.3. Air Products and Chemicals, Inc.
  • 14.3.1. Business Overview
  • 14.3.2. Key Revenue and Financials
  • 14.3.3. Recent Developments
  • 14.3.4. Key Personnel/Key Contact Person
  • 14.3.5. Key Product/Services Offered
• 14.4. McPhy Energy S.A.
  • 14.4.1. Business Overview
  • 14.4.2. Key Revenue and Financials
  • 14.4.3. Recent Developments
  • 14.4.4. Key Personnel/Key Contact Person
  • 14.4.5. Key Product/Services Offered
• 14.5. Cummins Inc.
  • 14.5.1. Business Overview
  • 14.5.2. Key Revenue and Financials
  • 14.5.3. Recent Developments
  • 14.5.4. Key Personnel/Key Contact Person
  • 14.5.5. Key Product/Services Offered
• 14.6. Plug Power Inc.
  • 14.6.1. Business Overview
  • 14.6.2. Key Revenue and Financials
  • 14.6.3. Recent Developments
  • 14.6.4. Key Personnel/Key Contact Person
  • 14.6.5. Key Product/Services Offered
• 14.7. Thyssenkrupp AG
  • 14.7.1. Business Overview
  • 14.7.2. Key Revenue and Financials
  • 14.7.3. Recent Developments
  • 14.7.4. Key Personnel/Key Contact Person
  • 14.7.5. Key Product/Services Offered
• 14.8. Ballard Power Systems Inc.
  • 14.8.1. Business Overview
  • 14.8.2. Key Revenue and Financials
  • 14.8.3. Recent Developments
  • 14.8.4. Key Personnel/Key Contact Person
  • 14.8.5. Key Product/Services Offered
• 14.9. Enel Green Power S.p.A.
  • 14.9.1. Business Overview
  • 14.9.2. Key Revenue and Financials
  • 14.9.3. Recent Developments
  • 14.9.4. Key Personnel/Key Contact Person
  • 14.9.5. Key Product/Services Offered
• 14.10. Green Hydrogen Systems A/S
  • 14.10.1. Business Overview
  • 14.10.2. Key Revenue and Financials
  • 14.10.3. Recent Developments
  • 14.10.4. Key Personnel/Key Contact Person
  • 14.10.5. Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer