Hydrogen Electrolyzer Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2026

December 7, 2022December 7, 2022 ankush

Coronavirus Impact on Hydrogen Electrolyzer Market

In the short term, the coronavirus pandemic has massively impacted small scale companies, which are involved in technology development, owing to a significant shortage of cash flow, as revenues fall during the crisis, resulting in job cuts and even bankruptcy. Further, delayed environmental and climate policies are hurting hydrogen electrolysis projects. With a lack of investments, recovery of the industry is likely to be slow in the months ahead.

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Competitive Landscape

Accagen SA, Siemens AG, Next Hydrogen, Nel Hydrogen, Beijing CEI Technology, McPhy Energy SA, iGas Energy GmbH, ITM Power plc, GreenHydrogen ApS, and Giner Inc. are some of the leading hydrogen electrolyzer manufacturers.

Prominent manufacturers in the hydrogen electrolyzer market are investing in large scale collaborations with public bodies to set up hydrogen power grids and backups for corporate, regional, and national applications, to set up long term, sustainable revenue streams.

For instance, Microsoft is currently experimenting with hydrogen fuel cells, and electrolyzers at power grids for load balancing applications in datacenter settings. Apex Energy has launched a 2MW zero-carbon plant, equipped with McPhy Energy electrolyzers. California based Bloom Energy is initiating sales of hydrogen electrolyzers to recharge the company’s fuel cell offerings.