Share this article
Share this article
ResearchAndMarkets.com s offering.
Increasing demand for highly efficient and low-space utilizing energy storage systems to handle the electricity produced from solar, wind and hydropower generation units are primary factors driving the global hydrogen electrolyzers market during forecast period.
Moreover, increasing establishments of renewable power generation units across the globe coupled with growing investments by the organization in future sustainable technologies are contributing to the growth of hydrogen electrolyzer market during forecast period.
Among the Product segment in the Hydrogen Electrolyzer market (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer and Solid Oxide Electrolyzer), Alkaline Electrolyzer segment leads the market. Alkaline electrolyzer operate by the principle of transportation of hydroxide ions via the electrolyte.
Global Hydrogen Electrolyzer (Value, Volume) Markets, 2016-2020 & 2021-2026 padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Global $400+ Billion Hydrogen Electrolyzer (Alkaline, PEM & Solid Oxide) Market Insights & Forecast to 2025 Featuring Siemens AG, ITM Power, NEL ASA, FuelCell Energy, Air Liquide and Plug Power
News provided by
Share this article
Share this article
ResearchAndMarkets.com s offering.
The global hydrogen electrolyzer market is expected to reach US$406.6 million in 2024, growing at a CAGR of 6.57%, for the duration spanning 2021-2025.
The market growth was driven by various factors like increasing global carbon emissions, growing production of low-carbon hydrogen, increasing production of ammonia, increasing demand for margarine, increasing production capacity of menthol and increase in demand for semiconductors.
However the market growth would be challenges by lack of potent hydrogen storage facility and health effects caused by hydrogen. The market is anticipated to face certain trends such as rising production of hydrogen fuel cell electric vehicles, decline in green hydrogen