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Japan Hydrogen Electrolyzer Market to Grow at a CAGR of 26.89%, Reaching USD 7.06 billion by 2032, Led by Toshiba, Mitsubishi, and Panasonic | DataM Intelligence
Hydrogen Electrolyzer Market
Japan: Recent Industry Developments
✅ In October 2025, Toshiba Energy Systems & Solutions Corporation commenced operation of a new 100MW electrolyzer manufacturing plant in Fukushima, boosting domestic production capacity.
✅ In October 2025, the Japanese Ministry of Economy, Trade and Industry (METI) launched a $2 billion subsidy program to support green hydrogen production projects utilizing electrolyzer technology.
✅ In October 2025, Mitsubishi Power partnered with a major utility to deploy one of the world's largest hydrogen-ready gas turbine systems, integrated with a 50MW electrolyzer.
United States: Recent Industry Developments
✅ In October 2025, Cummins Inc. expanded its PEM electrolyzer production facility in Minnesota, aiming to double its output.
✅ In October 2025, the U.S. Department of Energy announced $1.5 billion in funding for regional clean hydrogen hubs, accelerating electrolyzer adoption.
✅ In October 2025, Plug Power Inc. secured a major contract to supply a 500MW electrolyzer system to a green ammonia project in Texas.
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Market Trends & Drivers
The Hydrogen Electrolyzer Market is experiencing rapid growth driven by the global clean energy transition, national hydrogen strategies, and declining costs of renewable electricity. Key trends include the scaling up of electrolyzer capacity towards gigawatt-scale manufacturing, technological advancements in PEM and Alkaline electrolysis, and increasing integration with renewable energy sources. Strong government support through policies and subsidies, coupled with growing investments from private sector players in green hydrogen projects, is significantly accelerating market demand.
Competitive Landscape
The market features intense competition among established industrial conglomerates, specialized energy technology firms, and chemical plant suppliers.
Toshiba Energy Systems & Solutions Corporation leads in PEM electrolyzer technology with significant projects and government backing in Japan.
Mitsubishi Power is a key player in large-scale system integration, developing hydrogen-ready turbines and electrolyzer solutions.
Panasonic Holdings Corporation focuses on innovative, compact electrolyzer systems for residential and commercial applications.
Cummins Inc., through its Accelera brand, is a global leader in PEM electrolyzers with a expanding manufacturing footprint.
Nel ASA is a prominent electrolyzer manufacturer with a global presence and a diverse technology portfolio.
Siemens Energy AG develops integrated solutions linking renewable energy to electrolysis for industrial-scale green hydrogen.
ITM Power PLC specializes in PEM electrolyzer technology and operates one of the world's largest electrolyzer manufacturing facilities.
John Cockerill is a leading manufacturer of large-scale alkaline electrolyzers for industrial applications.
Thyssenkrupp Nucera provides standard 20MW alkaline water electrolysis modules for large-scale green hydrogen production.
Plug Power Inc. is a major supplier of PEM electrolyzer solutions, focusing on the green hydrogen generation market.
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Segmentation
By Technology (Alkaline Electrolyzer (AE), Proton Exchange Membrane (PEM), Solid Oxide Electrolyzer (SOE), Anion Exchange Membrane (AEM))
By Power Generation (2,000 kW)
By Application (Energy, Power Generation, CHP, Mobility, Industrial, Chemical Industries, Others)
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