The global electrolyzer market is forecast to be worth 14 billion U.S. dollars by 2050. A tightening of government policies in line with net zero goals is not expected to have a significant impact on market size. The electrolyzer market is set to grow seven-fold between 2030 and 2050.
Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario
(in billion U.S. dollars)
Stated Policy Scenario assumes market growth along current government policies, whereas the Net Zero Scenario assumes a tightening of policies in line with reaching net zero emissions by 2050.
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IEA. (October 14, 2021). Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario (in billion U.S. dollars) [Graph]. In Statista. Retrieved January 08, 2025, from https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/
IEA. "Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario (in billion U.S. dollars)." Chart. October 14, 2021. Statista. Accessed January 08, 2025. https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/
IEA. (2021). Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario (in billion U.S. dollars). Statista. Statista Inc.. Accessed: January 08, 2025. https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/
IEA. "Forecast Market Size of Electrolyzers Worldwide in 2030 and 2050, by Scenario (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Oct 2021, https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/
IEA, Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/ (last visited January 08, 2025)
Forecast market size of electrolyzers worldwide in 2030 and 2050, by scenario (in billion U.S. dollars) [Graph], IEA, October 14, 2021. [Online]. Available: https://www.statista.com/statistics/1270726/global-electrolyzer-market-size-forecast/
