The Hydrogen Electrolyzer Market is witnessing substantial growth globally, with a projected value of USD 18.86 billion by 2030. The market growth is fueled by technological advancements, the adoption of renewable energy sources, and supportive government policies promoting clean energy solutions. Electrolyzers, such as Proton Exchange Membrane (PEM) and alkaline electrolyzers, are at the forefront due to their efficiency, cost-effectiveness, and scalability, making them essential for the transition to cleaner energy systems. The integration of electrolyzers with renewable energy sources like wind and solar enables energy storage in the form of hydrogen, aiding grid stabilization and emission reduction. The market is further driven by Power-to-Gas (P2G) technology, which converts excess renewable energy into storable hydrogen, supporting grid stability and decarbonization efforts. Government policies worldwide, especially in Europe and Asia, focus on reducing carbon emissions and promoting hydrogen technologies, fostering market growth. Industries like steel, chemicals, and transportation are turning to green hydrogen as a low-carbon alternative, driven by regulatory pressures and the need to cut greenhouse gas emissions. Moreover, the growth of renewable energy sources necessitates energy storage solutions like hydrogen electrolyzers to manage power variability, enhancing grid stability and clean energy system efficiency.