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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

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