The global Electrolyzers Market is set to experience remarkable growth, with a projected increase from USD 3.75 billion in 2024 to USD 78.01 billion by 2030, representing a CAGR of 65.9%. This growth is attributed to supportive government initiatives promoting renewable energy technologies and advancements in the electrolysis process. Electrolyzers are instrumental in producing hydrogen by splitting water into hydrogen and oxygen using electricity generated from renewable sources like solar and wind energies. As countries strive to decarbonize and reduce fossil fuel dependence, electrolyzers find increased relevance in various applications including power generation, transportation, and industrial processes. The rising interest in hydrogen fuel cells and green ammonia production underscores the importance of electrolyzers as a cornerstone in the global energy transition towards sustainable solutions. The <500 kW segment leads the market by power ratings in 2024 due to its suitability for decentralized and small-scale applications, making it popular in industries like transportation, hydrogen fueling stations, and renewable energy projects. These electrolyzers are cost-effective, easy to install, and ideal for emerging economies and niche applications requiring local hydrogen production. Anion exchange membrane (AEM) technology is emerging as a rapidly growing segment in the electrolyzer market due to its cost-effectiveness and performance efficiency. Unlike proton exchange membrane (PEM) systems that use precious metal catalysts, AEM systems utilize non-precious metal catalysts, reducing costs significantly. The low-energy operation and compatibility with renewable sources make AEM-based electrolyzers attractive for industries transitioning to green hydrogen production. The scalability in manufacturing processes enhances the efficiency and robustness of AEM systems, making them a preferred choice for environmentally friendly hydrogen production.