The Electrolyzer Manufacturers Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Electrolyzer. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 40 companies of which the Top 12 Electrolyzer Manufacturers were categorized and recognized as the quadrant leaders.
An electrolyzer system utilizes electricity to break water molecules into hydrogen and oxygen. Through this process, the electrolyzer system produces hydrogen, and the leftover oxygen is released into the atmosphere or can be captured or stored to supply other industrial processes or even medical gases in some cases. There are four main ways that electrolyzers can be commercialized: power to mobility, power to fuel, power to industry, and power to gas. Electrolyzers are available in small and large sizes. Small capacity electrolyzers are used for small-scale distributed hydrogen production. In the case of large capacity electrolyzers, hydrogen production facilities can be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
The 360 Quadrant maps the electrolyzer manufacturers based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Electrolyzers’ quadrant. While the top criteria for product footprint evaluation included Technologies (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane), Application (Energy, Mobility, Industrial, Grid Injection), Power Rating (<500 kW, 500 - 2,000 kW, >2,000 kW), R&D Expenditure, New Product Launch, and Patents.
Key trends highlighted in 360 Quadrant’s study include: