The global electrolyzers market, valued at USD 1.67 billion in 2023, is expected to exhibit robust growth with a projected CAGR of 20.22% through 2029. Electrolyzers are devices crucial for driving chemical reactions using electrical energy, primarily for the electrolysis of water to produce hydrogen and oxygen. This market is integral to the advancement of green hydrogen technology, essential for sustainable energy solutions. The market offers different types of electrolyzers, including alkaline, proton exchange membrane (PEM), and solid oxide electrolyzers, each with unique operating principles and applications. Key market players in this industry include Cummins Inc., Siemens AG, ITM Power Plc, Plug Power Inc., and more. These companies are at the forefront of developing cutting-edge electrolyzer technology. The report provides insights into various aspects of the electrolyzers market, including a comprehensive executive summary, detailed study analysis covering major companies and market segments, company profiles, regional manufacturing data, and growth trends. It also highlights key market dynamics, segments, and sub-segments, along with interpretative tools like SWOT analysis and Porter's five forces analysis. The electrolyzers market caters to applications in steel plants, power plants, electronics & photovoltaics, energy storage for fuel cells, industrial gases, power to gas, and others. The report addresses critical questions regarding market players, regional growth trends, types of electrolyzers, major applications, and upcoming technologies. The comprehensive analysis presented in the report assists industry stakeholders and investors in making informed decisions for growth and investment opportunities in the electrolyzers market.