Product Code: ETC4519660 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Electrolyzers are devices used in the production of hydrogen through water electrolysis. In Saudi Arabia, this market encompasses the manufacture and deployment of electrolyzers for the growing interest in hydrogen as a clean energy carrier.
The electrolyzers market is growing as industries and the energy sector invest in hydrogen production and energy storage. Electrolyzers are crucial for splitting water into hydrogen and oxygen. With the focus on green hydrogen and renewable energy, the demand for electrolyzers is on the rise in Saudi Arabia.
The electrolyzers market in Saudi Arabia confronts challenges related to the energy efficiency and cost-effectiveness of electrolysis technology, especially in the production of green hydrogen and other green fuels.
The electrolyzers market experienced fluctuations during the COVID-19 pandemic, with disruptions in the hydrogen production and renewable energy sectors. Recovery is tied to the resumption of hydrogen and renewable energy projects and the demand for electrolyzers for clean energy production.
Key players in the Saudi Arabia electrolyzers market include Siemens Energy, Nel ASA, and ITM Power, offering electrolyzer solutions for hydrogen production.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Electrolyzers Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Electrolyzers Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Electrolyzers Market - Industry Life Cycle |
3.4 Saudi Arabia Electrolyzers Market - Porter's Five Forces |
3.5 Saudi Arabia Electrolyzers Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Saudi Arabia Electrolyzers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Saudi Arabia Electrolyzers Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
4 Saudi Arabia Electrolyzers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on renewable energy sources in Saudi Arabia |
4.2.2 Government initiatives and policies promoting the use of green hydrogen |
4.2.3 Growing investments in the energy sector in the country |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up electrolyzer plants |
4.3.2 Lack of skilled workforce for operating and maintaining electrolyzer systems |
4.3.3 Limited infrastructure for hydrogen storage and transportation |
5 Saudi Arabia Electrolyzers Market Trends |
6 Saudi Arabia Electrolyzers Market, By Types |
6.1 Saudi Arabia Electrolyzers Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Electrolyzers Market Revenues & Volume, By Technology, 2021-2031F |
6.1.3 Saudi Arabia Electrolyzers Market Revenues & Volume, By Alkaline Electrolyzer (AE), 2021-2031F |
6.1.4 Saudi Arabia Electrolyzers Market Revenues & Volume, By Proton Exchange Membrane, 2021-2031F |
6.1.5 Saudi Arabia Electrolyzers Market Revenues & Volume, By Solid Oxide Electrolyzer (SOE), 2021-2031F |
6.1.6 Saudi Arabia Electrolyzers Market Revenues & Volume, By Anion Exchange Membrane, 2021-2031F |
6.2 Saudi Arabia Electrolyzers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Electrolyzers Market Revenues & Volume, By Energy, 2021-2031F |
6.2.3 Saudi Arabia Electrolyzers Market Revenues & Volume, By Mobility, 2021-2031F |
6.2.4 Saudi Arabia Electrolyzers Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Saudi Arabia Electrolyzers Market Revenues & Volume, By Grid Injection, 2021-2031F |
6.3 Saudi Arabia Electrolyzers Market, By Power Rating |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Electrolyzers Market Revenues & Volume, By <500 KW, 2021-2031F |
6.3.3 Saudi Arabia Electrolyzers Market Revenues & Volume, By 500-2,000 KW, 2021-2031F |
6.3.4 Saudi Arabia Electrolyzers Market Revenues & Volume, By >2,000 KW, 2021-2031F |
7 Saudi Arabia Electrolyzers Market Import-Export Trade Statistics |
7.1 Saudi Arabia Electrolyzers Market Export to Major Countries |
7.2 Saudi Arabia Electrolyzers Market Imports from Major Countries |
8 Saudi Arabia Electrolyzers Market Key Performance Indicators |
8.1 Capacity utilization rate of electrolyzer plants in Saudi Arabia |
8.2 Number of new renewable energy projects incorporating electrolyzers |
8.3 Efficiency improvement rates in electrolysis technology |
8.4 Adoption rate of green hydrogen in key industries |
8.5 Investment inflow into the Saudi Arabia electrolyzers market |
9 Saudi Arabia Electrolyzers Market - Opportunity Assessment |
9.1 Saudi Arabia Electrolyzers Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Saudi Arabia Electrolyzers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Saudi Arabia Electrolyzers Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
10 Saudi Arabia Electrolyzers Market - Competitive Landscape |
10.1 Saudi Arabia Electrolyzers Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Electrolyzers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |