FLAGSHIP REPORT

2024 Electrolyser Market Report Card by VNZ Insights

60+ pager report providing an in-depth status check on electrolyser market- by players, technology, geography, project size, and offtake and the expectations for 2024-25

VNZ Report card on Electrolyser market provides an in-depth overview of electrolyser delivered capacity by 2024 and expectations for 2025-26:

  • Global & Regional Electrolyser installation trends
    • By cumulative/annual capacity
    • By electrolyser technology: ALK, PEM, SOEC, AEM, Others
    • By Electrolyser OEMs
    • By Asset Owners
    • By Region
    • By Project size: 200MW+, 50-200MW, 5-50MW, 1-5MW, sub-MW
    • By Electrolyser stack size: 20MW+, 10-20MW, 5-10MW, 1-5MW, Sub-MW
  • Global & Regional Electrolyser orderbook trends
    • By contract type: firm orderbook, non-firm orderbook, non-firm pipeline
    • By Electrolyser OEMs
    • By Asset Owner and plants
    • By ELY technology: ALK, PEM, SOEC, AEM, Others
    • By Region
    • By Project size
    • By Electrolyser Stack size
  • Deep dive market summaries for
    • China
    • Germany
    • USA
    • India
    • Denmark
    • Kingdom of Saudi Arabia

Key Takeaways

  • Market Growth: Global electrolyser deliveries exceeded 6 GW by the end of 2024, with ~3.2 GW delivered in 2024 alone
  • China's Dominance: China continues to drive the electrolyser market with nearly half of the global electrolyser delivered in China at end of 2024
  • Order Surge: 2024 saw 3.2 GW in firm orders, bringing the total orderbook at the end of Q1 2025 to 8.9 GW
  • Market Leaders: thyssenkrupp nucera completed ~1 GW electrolyser deliveries (partial) in 2024 while John Cockerill led the firm order award with ~0.6 GW order.
Many more insights by player, technology, project size, geography can be found in the report.

Key Questions Addressed

  • Global & Regional Electrolyser installation trends
    • By cumulative/annual capacity
    • By electrolyser technology: ALK, PEM, SOEC, AEM, Others
    • By Electrolyser OEMs
    • By Asset Owners
    • By Region
    • By Project size: 200MW+, 50-200MW, 5-50MW, 1-5MW, sub-MW
    • By Electrolyser stack size: 20MW+, 10-20MW, 5-10MW, 1-5MW, Sub-MW
  • Global & Regional Electrolyser orderbook trends
    • By contract type: firm orderbook, non-firm orderbook, non-firm pipeline
    • By Electrolyser OEMs
    • By Asset Owner and plants
    • By ELY technology: ALK, PEM, SOEC, AEM, Others
    • By Region
    • By Project size
    • By Electrolyser Stack size
  • Deep dive market summaries for
    • China
    • Germany
    • USA
    • India
    • Denmark
    • Kingdom of Saudi Arabia

Who needs this report?

This report is relevant for everyone involved in the Green Hydrogen ecosystem.

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