FLAGSHIP REPORT

H1 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 2023 and expectations for 2024-25:

  • 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

  • Global cumulative electrolyser deliveries surpassed 3 GW in H1 2024 representing ~37% increase over 2023. Out of ~3.1 GW delivered capacity, China leads with 46% share, followed by the Americas and Europe with 18% share each, Middle-east with 14% and APAC (excl. China) with 4%.
  • Top 5 countries account for 85% of the delivered capacity at the end of H1 2024. China is leading with 1,397 MW, followed by US (523 MW), Kingdom of Saudi Arabia (420 MW), Germany (147 MW), and Denmark (112 MW). Other countries have < 100 MW capacity.
  • The delivered capacity is highly concentrated among the top 15 OEMs who account for ~82% share
  • In terms of technology, Alkaline technology accounts for nearly 78% of the delivered capacity; PEM is at 22% and growing year on year
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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