The global PEM water electrolyzer market size accounted for USD 7.56 billion in 2024, grew to USD 8.10 billion in 2025 and is expected to be worth around USD 15.06 billion by 2034, registering a CAGR of 7.13% between 2024 and 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: PEM Water Electrolyzer Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. PEM Water Electrolyzer Market Revenue and Volume, by Type, 2024-2034
8.1.1. Small Scale Type
8.1.1.1. Market Revenue and Volume Forecast (2021-2034)
8.1.2. Middle Scale Type
8.1.2.1. Market Revenue and Volume Forecast (2021-2034)
8.1.3. Large Scale Type
8.1.3.1. Market Revenue and Volume Forecast (2021-2034)
9.1. PEM Water Electrolyzer Market Revenue and Volume, by Application, 2024-2034
9.1.1. Power Plants
9.1.1.1. Market Revenue and Volume Forecast (2021-2034)
9.1.2. Steel Plant
9.1.2.1. Market Revenue and Volume Forecast (2021-2034)
9.1.3. Electronics and Photovoltaics
9.1.3.1. Market Revenue and Volume Forecast (2021-2034)
9.1.4. Industrial Gases
9.1.4.1. Market Revenue and Volume Forecast (2021-2034)
9.1.5. Energy Storage or Fueling for FCEVs
9.1.5.1. Market Revenue and Volume Forecast (2021-2034)
9.1.6. Others
9.1.6.1. Market Revenue and Volume Forecast (2021-2034)
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.1.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.1.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.1.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.2.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.2.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.2.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.2.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.2.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.3.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.3.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.3.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.3.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.4.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.4.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.4.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.4.6.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.5.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.5.3.2. Market Revenue and Volume Forecast, by Application (2021-2034)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Type (2021-2034)
10.5.4.2. Market Revenue and Volume Forecast, by Application (2021-2034)
11.1. Proton On-Site
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Teledyne Energy Systems
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Suzhou Jingli
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Hydrogenics
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. McPhy
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Areva H2gen
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. ITM, Elchemtech
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Siemens
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Toshiba
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
For questions or customization requests, please reach out to us at sales@precedenceresearch.com
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
Report Description
Get a Sample