Electrolyzers are critical for green hydrogen production, splitting water into hydrogen and oxygen via electricity from renewables. As of early 2026, the global market is dominated by alkaline (AWE) and proton exchange membrane (PEM) technologies, with anion exchange membrane (AEM) and solid oxide electrolysis cells (SOEC) emerging. Key efficiencies (based on higher heating value, HHV, system level) vary: AWE (~65-75%, mature and cost-effective for large-scale), PEM (~60-70%,

India’s National Green Hydrogen Mission (NGHM) is positioning the country as a global hub for green hydrogen production, consumption, and export, with ambitious targets of 5 MMT annual production capacity by 2030, 125 GW renewable energy integration, and significant socio-economic benefits including ₹8 lakh crore investment and 6 lakh jobs. The global green hydrogen market is undergoing rapid expansion, driven by decarbonization imperatives, falling renewable energy costs, an