Electrolysis Stack Market Size & Share, by Application (Transportation Industry, Power & Energy Storage, Methanol Production, Refining, Ammonia Production); Product Type {Proton Exchange Membrane (PEM) Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer Cell} - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4716
  • Published Date: Mar 01, 2023
  • Report Format: PDF, PPT

Companies Dominating the Electrolysis Stack Landscape

    • Asahi Kasei Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nel ASA
    • ITM Power PLC
    • Plug Power Inc.
    • OxEon Energy, LLC.
    • h2e Power Systems Inc.
    • Siemens Energy
    • Cummins Inc.
    • Evolve Hydrogen Inc. 

Browse Key Market Insights with Data Illustration:


In The News

  •  Siemens Energy announced the partnership with Toray for promoting a new membrane technology with the demonstration of polymer electrolyte membrane electrolysis in Japan.

  • Cummins Inc., announced the partnership with Iberdrola in order to announce the electrolyzer plants in Castilla-La Mancha, Spain for the production of hydrogen.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 4716
  • Published Date: Mar 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing demand for hydrogen fuel cell vehicles, surging investment for generation of power, and rising popularity of green fertilizers are estimated to majorly boost the market growth.

The market is anticipated to attain a CAGR of 35% over the forecast period, i.e., 2023 - 2035.

Presence of alternative ways of hydrogen production, high cost for the generation of electricity, and loss of energy during the electrolysis process are estimated to challenge the market growth.

The market in North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Nel ASA, H-TEC SYSTEMS GmbH, ITM Power PLC, Plug Power Inc., OxEon Energy, LLC., h2e Power Systems Inc., Siemens Energy, Cummins Inc., Evolve Hydrogen Inc., Asahi Kasei Corporation, and others

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue-generating capacity as well as the new products being launched into the market by the company.

The market is segmented by application, product type, and by region.

The transportation industry segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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