A new Report by Delvens, titled "Hydrogen Electrolyzers Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Hydrogen Electrolyzers Market size is projected to reach a CAGR of 33.04% from 2023-2030.
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Hydrogen electrolyzers are useful in crumbling water and separating oxygen and hydrogen gases from it through electric flow. The enormous utilization of hydrogen electrolyzers in biotechnology, drug, compound energy, hardware, and metal creation has pent up the demand for hydrogen electrolyzers.
The continuous development of reliable and advanced technological power solutions in line with rising deployments of clean hydrogen generation methods will drive market growth. Transportation application is poised to witness substantial gains during the forecast period. This growth is attributed to the rising inclination toward the adoption of FCEVs in line with a positive outlook for a clean environment. Strict government norms policies to support a sustainable environment in line with the ongoing consumer shift toward hydrogen-driven vehicles will stimulate the market outlook. Moreover, increasing applications to provide power for trams, forklift trucks, light vehicles, buses, and other vehicles will augment the business potential.
On the other hand, the focus on green energy has led to huge production costs for the development of green energy which may restrain the market growth to some extent.
Competitive Landscape
- Linde plc
- Suzhou Green Hydrogen Energy Co., Ltd.
- Air Products Inc.
- Cummins, Inc.
- Sunfire GmbH
- Next Hydrogen
- Green Hydrogen
- ErreDue spa
- NeL ASA
- Cockerill Jingli Hydrogen
- Idroenergy
- ITM Power PLC
- PLUG POWER INC.
- Air Liquide
- Siemens Energy
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Key Findings
- Hydrogen electrolyzers are useful in crumbling water and separating oxygen and hydrogen gases from it through electric flow.
- The product segment is further bifurcated into Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer, and Others. The alkaline electrolyzer market is estimated to dominate the market during the forecast period.
- The capacity segment is further segmented into ≤ 500 kW, 500 kW - 2 MW, and Above 2 MW. The ≤ 500 kW capacity segment is anticipated to reach the highest CAGR and will dominate the market during the forecast period. Growing investments across private public sectors for the development of hydrogen infrastructure in line with ongoing developments of several projects primarily across industrial mobility applications will fuel the industry dynamics.
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for Hydrogen Electrolyzers Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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