The global Electrolyzers Market is forecasted to witness substantial growth from an estimated USD 3.75 billion in 2024 to a projected USD 78.01 billion by 2030, marking a remarkable CAGR of 65.9% during the forecast period. This growth can be attributed to supportive government initiatives encouraging renewable energy technologies and the evolution of the electrolysis process. Electrolyzers are crucial in the production of hydrogen by splitting water into hydrogen and oxygen using electricity from renewable sources like solar and wind energies. As countries accelerate efforts towards decarbonization and reducing dependency on fossil fuels, electrolyzers play a key role in various applications related to power generation, transportation, and industrial processes. The article highlights the rising interest in hydrogen fuel cells and green ammonia production, emphasizing the significance of electrolyzers as the foundation for the global energy transition towards sustainable solutions. One of the key segments within the market is the <500 kW power rating category, which is dominant in 2024 due to its suitability for decentralized and small-scale applications. These electrolyzers find wide adoption in industries such as transportation, small-scale hydrogen fueling stations, and renewable energy integration projects, offering lower costs and easy installation, making them ideal for emerging economies and niche applications. Anion exchange membrane (AEM) technology is gaining momentum in the Electrolyzer Market due to its combination of cost-effectiveness and performance efficiency. With the use of non-precious metal catalysts, AEM systems are more affordable compared to traditional PEM systems, making them attractive for green hydrogen production and industries looking for eco-friendly solutions. Europe stands out as a leading region in the Electrolyzer Market, driven by its strong commitment to decarbonization, well-established frameworks for renewable energy adoption, and substantial investments in infrastructure. The region's strategic focus on green hydrogen production, facilitated by seamless integration with technologies like electrolyzers, places Europe at the forefront of the global hydrogen economy. Key players in the market include Siemens Energy, Nel ASA, thyssenkrupp nucera, John Cockerill, and Plug Power Inc., among others. These major players are adopting strategies such as new product launches, acquisitions, joint ventures, and expansions to further enhance their market presence and cater to the increasing demand for electrolyzer technologies.