The electrolyzer market, a vital component of the green hydrogen industry, is expected to grow substantially in the next decade. As economies shift towards sustainable energy, electrolyzers are crucial for producing green hydrogen to decarbonize sectors like transportation and industry. The market has seen advancements boosting efficiency and reducing costs, driving adoption across industries. Key regions like North America, Europe, and Asia-Pacific are actively adopting hydrogen technologies. The market faces challenges such as high initial investments and limited infrastructure. Leading players like Nel ASA and Siemens Energy are investing in R&D to meet rising demand. The future outlook is optimistic, with strategic investments and policies driving market growth. Economic viability, policy impact, and sector adoption are critical study points for the market's development.