Press release
Exclusive Market to Significant Growth 7.0% CAGR During 2017-2027
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Western Europe region is expected to dominate the global market by portraying a higher market value of US$ 86 Mn by the end of 2027. North America is anticipated to be the fastest growing region and is set to register a CAGR of 7.5% during the forecast period. By hydrogen outlet pressure, the low (= 40 Bar) segment is poised to grow at a higher growth rate to register a CAGR of 7.7% throughout the assessment period.
The global hydrogen electrolyzer market is poised to witness significant growth and is expected to develop across key regions worldwide in the years to come. Future Market Insights has put forth a spectacular snapshot of the entire hydrogen electrolyzer market in its new research publication – “Hydrogen Electrolyzer Market: Global Industry Analysis 2012–2016 and Opportunity Assessment 2017–2027”. The research study stresses on the various developments, trends, opportunities, drivers and restraints that have an impact on the global market.
The global hydrogen electrolyzer market is impacted by several factors. According to the impact analysis done during the research, factors such as increasing demand for hydrogen from the hydro processing industry; hydrogen being considered as a solution to achieve clean energy implementation; hydrogen being considered as a transport fuel; hydrogen touted as the best alternative for gasoline and primarily used for metal production applications; hydrogen being abundant and so considered as a potential source of electricity generation are driving the growth of the global hydrogen electrolyzer market. However, the high cost of hydrogen production by electrolysis is a main restraint hindering revenue growth of the global market.
Energy segment by end user is expected to dominate the global market with respect to market value as well as growth rate. Energy segment is anticipated to display a market value of US$ 108.1 Mn by the end of 2027 and is expected to grow at a higher CAGR of 8.7% throughout the study period.
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The research report on the global hydrogen electrolyzer market has profiled tier players involved in the market such as Nel Hydrogen, McPhy Energy S.A., Hydrogenics Corp., Tianjin Mainland Hydrogen Equipment Co. Ltd., Giner Inc., Siemens AG, Areva H2Gen, GreenHydrogen.dk ApS, Igas Energy GmbH, Accagen SA, Next Hydrogen, ELB Elektrolysetechnik GmbH and Beijing CEI Technology Co., Ltd.
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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
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