
The global PEM Electrolyzers market size is predicted to grow from US$ 321 million in 2025 to US$ 3169 million in 2031; it is expected to grow at a CAGR of 46.5% from 2025 to 2031.
Proton exchange membrane (PEM) electrolysis is the electrolysis of water in a cell equipped with a solid polymer electrolyte (SPE) that is responsible for the conduction of protons, separation of product gases, and electrical insulation of the electrodes. The PEM electrolyzer was introduced to overcome the issues of partial load, low current density, and low pressure operation currently plaguing the alkaline electrolyzer.
Global key players of PEM electrolyzers include Proton On-Site, Cummins, Siemens, Toshiba, etc. Global top five manufacturers hold a share over 68%. In terms of product, large scale type is the largest segment, with a share over 40%. And in terms of application, the largest application is hydrogen refueling station, with a share over 44%, followed by petrochemical industry.
The “PEM Electrolyzers Industry Forecast” looks at past sales and reviews total world PEM Electrolyzers sales in 2024, providing a comprehensive analysis by region and market sector of projected PEM Electrolyzers sales for 2025 through 2031. With PEM Electrolyzers sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PEM Electrolyzers industry.
This Insight Report provides a comprehensive analysis of the global PEM Electrolyzers landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PEM Electrolyzers portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global PEM Electrolyzers market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PEM Electrolyzers and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PEM Electrolyzers.
This report presents a comprehensive overview, market shares, and growth opportunities of PEM Electrolyzers market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Scale Type
Middle Scale Type
Large Scale Type
Segmentation by Application:
Hydrogen Refueling Station
Laboratory
Petrochemical Industry
Electronics and Semiconductor
Power to Gas
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Proton On-Site
Cummins
Siemens
Toshiba
Kobelco Eco-Solutions
Elogen
Shandong Saksay Hydrogen Energy
ITM Power
Elchemtech
718th Research Institute of CSIC
H2B2
Key Questions Addressed in this Report
What is the 10-year outlook for the global PEM Electrolyzers market?
What factors are driving PEM Electrolyzers market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do PEM Electrolyzers market opportunities vary by end market size?
How does PEM Electrolyzers break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global PEM Electrolyzers Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for PEM Electrolyzers by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for PEM Electrolyzers by Country/Region, 2020, 2024 & 2031
2.2 PEM Electrolyzers Segment by Type
2.2.1 Small Scale Type
2.2.2 Middle Scale Type
2.2.3 Large Scale Type
2.3 PEM Electrolyzers Sales by Type
2.3.1 Global PEM Electrolyzers Sales Market Share by Type (2020-2025)
2.3.2 Global PEM Electrolyzers Revenue and Market Share by Type (2020-2025)
2.3.3 Global PEM Electrolyzers Sale Price by Type (2020-2025)
2.4 PEM Electrolyzers Segment by Application
2.4.1 Hydrogen Refueling Station
2.4.2 Laboratory
2.4.3 Petrochemical Industry
2.4.4 Electronics and Semiconductor
2.4.5 Power to Gas
2.4.6 Others
2.5 PEM Electrolyzers Sales by Application
2.5.1 Global PEM Electrolyzers Sale Market Share by Application (2020-2025)
2.5.2 Global PEM Electrolyzers Revenue and Market Share by Application (2020-2025)
2.5.3 Global PEM Electrolyzers Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global PEM Electrolyzers Breakdown Data by Company
3.1.1 Global PEM Electrolyzers Annual Sales by Company (2020-2025)
3.1.2 Global PEM Electrolyzers Sales Market Share by Company (2020-2025)
3.2 Global PEM Electrolyzers Annual Revenue by Company (2020-2025)
3.2.1 Global PEM Electrolyzers Revenue by Company (2020-2025)
3.2.2 Global PEM Electrolyzers Revenue Market Share by Company (2020-2025)
3.3 Global PEM Electrolyzers Sale Price by Company
3.4 Key Manufacturers PEM Electrolyzers Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers PEM Electrolyzers Product Location Distribution
3.4.2 Players PEM Electrolyzers Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for PEM Electrolyzers by Geographic Region
4.1 World Historic PEM Electrolyzers Market Size by Geographic Region (2020-2025)
4.1.1 Global PEM Electrolyzers Annual Sales by Geographic Region (2020-2025)
4.1.2 Global PEM Electrolyzers Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic PEM Electrolyzers Market Size by Country/Region (2020-2025)
4.2.1 Global PEM Electrolyzers Annual Sales by Country/Region (2020-2025)
4.2.2 Global PEM Electrolyzers Annual Revenue by Country/Region (2020-2025)
4.3 Americas PEM Electrolyzers Sales Growth
4.4 APAC PEM Electrolyzers Sales Growth
4.5 Europe PEM Electrolyzers Sales Growth
4.6 Middle East & Africa PEM Electrolyzers Sales Growth
5 Americas
5.1 Americas PEM Electrolyzers Sales by Country
5.1.1 Americas PEM Electrolyzers Sales by Country (2020-2025)
5.1.2 Americas PEM Electrolyzers Revenue by Country (2020-2025)
5.2 Americas PEM Electrolyzers Sales by Type (2020-2025)
5.3 Americas PEM Electrolyzers Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC PEM Electrolyzers Sales by Region
6.1.1 APAC PEM Electrolyzers Sales by Region (2020-2025)
6.1.2 APAC PEM Electrolyzers Revenue by Region (2020-2025)
6.2 APAC PEM Electrolyzers Sales by Type (2020-2025)
6.3 APAC PEM Electrolyzers Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe PEM Electrolyzers by Country
7.1.1 Europe PEM Electrolyzers Sales by Country (2020-2025)
7.1.2 Europe PEM Electrolyzers Revenue by Country (2020-2025)
7.2 Europe PEM Electrolyzers Sales by Type (2020-2025)
7.3 Europe PEM Electrolyzers Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa PEM Electrolyzers by Country
8.1.1 Middle East & Africa PEM Electrolyzers Sales by Country (2020-2025)
8.1.2 Middle East & Africa PEM Electrolyzers Revenue by Country (2020-2025)
8.2 Middle East & Africa PEM Electrolyzers Sales by Type (2020-2025)
8.3 Middle East & Africa PEM Electrolyzers Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of PEM Electrolyzers
10.3 Manufacturing Process Analysis of PEM Electrolyzers
10.4 Industry Chain Structure of PEM Electrolyzers
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 PEM Electrolyzers Distributors
11.3 PEM Electrolyzers Customer
12 World Forecast Review for PEM Electrolyzers by Geographic Region
12.1 Global PEM Electrolyzers Market Size Forecast by Region
12.1.1 Global PEM Electrolyzers Forecast by Region (2026-2031)
12.1.2 Global PEM Electrolyzers Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global PEM Electrolyzers Forecast by Type (2026-2031)
12.7 Global PEM Electrolyzers Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Proton On-Site
13.1.1 Proton On-Site Company Information
13.1.2 Proton On-Site PEM Electrolyzers Product Portfolios and Specifications
13.1.3 Proton On-Site PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Proton On-Site Main Business Overview
13.1.5 Proton On-Site Latest Developments
13.2 Cummins
13.2.1 Cummins Company Information
13.2.2 Cummins PEM Electrolyzers Product Portfolios and Specifications
13.2.3 Cummins PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Cummins Main Business Overview
13.2.5 Cummins Latest Developments
13.3 Siemens
13.3.1 Siemens Company Information
13.3.2 Siemens PEM Electrolyzers Product Portfolios and Specifications
13.3.3 Siemens PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Siemens Main Business Overview
13.3.5 Siemens Latest Developments
13.4 Toshiba
13.4.1 Toshiba Company Information
13.4.2 Toshiba PEM Electrolyzers Product Portfolios and Specifications
13.4.3 Toshiba PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Toshiba Main Business Overview
13.4.5 Toshiba Latest Developments
13.5 Kobelco Eco-Solutions
13.5.1 Kobelco Eco-Solutions Company Information
13.5.2 Kobelco Eco-Solutions PEM Electrolyzers Product Portfolios and Specifications
13.5.3 Kobelco Eco-Solutions PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Kobelco Eco-Solutions Main Business Overview
13.5.5 Kobelco Eco-Solutions Latest Developments
13.6 Elogen
13.6.1 Elogen Company Information
13.6.2 Elogen PEM Electrolyzers Product Portfolios and Specifications
13.6.3 Elogen PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Elogen Main Business Overview
13.6.5 Elogen Latest Developments
13.7 Shandong Saksay Hydrogen Energy
13.7.1 Shandong Saksay Hydrogen Energy Company Information
13.7.2 Shandong Saksay Hydrogen Energy PEM Electrolyzers Product Portfolios and Specifications
13.7.3 Shandong Saksay Hydrogen Energy PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Shandong Saksay Hydrogen Energy Main Business Overview
13.7.5 Shandong Saksay Hydrogen Energy Latest Developments
13.8 ITM Power
13.8.1 ITM Power Company Information
13.8.2 ITM Power PEM Electrolyzers Product Portfolios and Specifications
13.8.3 ITM Power PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 ITM Power Main Business Overview
13.8.5 ITM Power Latest Developments
13.9 Elchemtech
13.9.1 Elchemtech Company Information
13.9.2 Elchemtech PEM Electrolyzers Product Portfolios and Specifications
13.9.3 Elchemtech PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Elchemtech Main Business Overview
13.9.5 Elchemtech Latest Developments
13.10 718th Research Institute of CSIC
13.10.1 718th Research Institute of CSIC Company Information
13.10.2 718th Research Institute of CSIC PEM Electrolyzers Product Portfolios and Specifications
13.10.3 718th Research Institute of CSIC PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 718th Research Institute of CSIC Main Business Overview
13.10.5 718th Research Institute of CSIC Latest Developments
13.11 H2B2
13.11.1 H2B2 Company Information
13.11.2 H2B2 PEM Electrolyzers Product Portfolios and Specifications
13.11.3 H2B2 PEM Electrolyzers Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 H2B2 Main Business Overview
13.11.5 H2B2 Latest Developments
14 Research Findings and Conclusion
*If Applicable.
