8,000% growth | ‘More than 100GW of hydrogen electrolysers to be produced annually by 2031’

The global production of electrolysers — the machines that split water molecules into hydrogen and oxygen using an electric current — will grow exponentially over the next nine years, according to a new report by analyst Guidehouse Insights. The annual manufacturing capacity will grow from about 1.3GW at the end of this year to 104.6GW by 2031 — an increase of almost 8,000%, with a compound annual growth rate (CAGR) of 62.6%, the US-based company says in its study, Market Data: Electrolyzers. While the 104.6GW figure is far higher than the 47GW of electrolysers expected to be manufactured annually (by 2030) by US investment bank Jefferies, it is still well below the 180GW foreseen to be in use by the end of the decade under the International Energy Agency’s (IEA) Announced Pledges Scenario — and even further behind the 850GW the IEA says is needed to reach net-zero…

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