Press release
Sales Of Hydrogen Electrolyzers Are Slated To Surge At A CAGR Of Around 24.2% From 2022 To 2032 - Future Market Insights, Inc
The development of new technologies that will reduce the operational costs of hydrogen electrolyzers is anticipated to stimulate the market. As the negative effects of carbon emissions become more widely known, there will also be new opportunities for market expansion.
Demand for hydrogen electrolyzers will rise in the upcoming decade due to an increase in on-site hydrogen production and the use of renewable energy sources. Additionally, it's expected that growing demand for carbon-free steel in a number of industries, including the automotive sector, will create new growth opportunities for the steel manufacturing sector.
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Increasing initiatives taken by several automotive manufacturers to reduce carbon emissions 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: Hydrogen Electrolyzer Market
- By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 2% during the forecast period.
- By outlet pressure, the low (
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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.
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