The hydrogen electrolyzer market is experiencing unprecedented growth driven by the increasing focus on clean energy solutions and the rising demand for green hydrogen in various industries. The market is projected to reach USD 12.5 billion by 2031, showcasing a significant compound annual growth rate. Electrolyzer technology plays a crucial role in the clean energy transition, enabling the production of green hydrogen using renewable electricity sources. Manufacturers are enhancing system efficiency, durability, and performance by integrating AI and advanced control systems. The industry faces economic challenges but benefits from supportive policies and investments in clean energy projects. Europe leads the market with a 40% share, while Asia-Pacific shows promising growth. Key industry players are investing in technology development and strategic partnerships to strengthen their market presence. The market is poised for continued growth, driven by technological advancements, cost reductions, and expanding applications across sectors.