Over the forecast period of 2022 to 2032, the global hydrogen electrolyzer market is anticipated to expand at a CAGR of 24.2%. By the end of 2032, the market valuation is anticipated to reach US$ 3.7 billion. In the upcoming years, it is anticipated that increasing demand for hydrogen gas across a range of end-use industries will propel market growth for hydrogen electrolyzers.

The market is expected to be stimulated by the creation of new technologies that will lower the operational costs of hydrogen electrolyzers. Furthermore, there will be new market expansion opportunities as global awareness of the negative effects of carbon emissions grows.

Higher adoption of renewable energy sources and increasing onsite hydrogen production are set to boost the demand for hydrogen electrolyzers in the upcoming decade. Apart from that, surging demand for carbon-free steel in various industries such as automotive is projected to create new growth opportunities in the steel manufacturing sector.

Request A Report Sample to gain comprehensive insights @ 
https://www.futuremarketinsights.com/reports/sample/rep-gb-1946

Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 25.2% during the forecast period.

  • By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3rd of the share.
  • By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 905.5 Million in 2032.
  • In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 24.1%.

Competitive Landscape: Hydrogen Electrolyzer Market

Leading Companies Profiled in Hydrogen Electrolyzer Market are

  • Nel Hydrogen
  • Siemens AG
  • McPhy Energy
  • ITM Power Plc
  • Tianjin Mainland Hydrogen Equipment Co. Ltd
  • Gaztransport & Technigaz
  • Giner Inc.
  • GreenHydrogen Systems
  •  iGas Energy GmbH
  • Beijing CEI Technology Co., Ltd.
  • Next Hydrogen
  • Air Liquide
  • Ballard Power Systems
  • Enapter
  • Plug Power Inc.
  • Bloom Energy
  • others

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

Hydrogen Electrolyzer Market Outlook by

CategoryBy Product Type:

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW–1mW)
    • 150-400 kW
    • 400-750kW
    • 750-1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW

By Outlet Pressure:

  • Low (<= 10 Bar)
  • Medium (150 Bar–40 Bar)
  • High (> 40 Bar)

By End Use:

  • Ammonia
  • Methanol
  • Refining/ Hydrocarbon
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Other Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa