Press release
Global Electrolyzers Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2032 | Nel ASA, Asahi Kasei Corporation, Hydrogenics, Areva H2gen, Siemens AG
Electrolyzers Market
As per the Electrolyzers market report by The Business Research Company, Growing demand for fuel cell-based automotive is significantly contributing to the growth of the electrolyzers market. A fuel cell-based automotive is an electrically driven vehicle that utilizes hydrogen as an energy source by a fuel cell that generates electricity. The electrolyzers support the operation of fuel cell-based automotive by providing hydrogen to be used as fuel.
The global electrolyzers market size grew from $0.29 billion in 2022 to $0.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The electrolyzers market size is expected to grow to $0.48 billion in 2027 at a CAGR of 10.5%.
Read More On The Electrolyzers Market Report Here:
https://www.thebusinessresearchcompany.com/report/electrolyzers-global-market-report
Major competitors in the Electrolyzers market include Nel ASA, Asahi Kasei Corporation, Hydrogenics, Areva H2gen, Siemens AG, McPhy Energy S.A., ITM Power PLC, Erredue SpA, Enapter, Next Hydrogen, Tianjin Continental Hydrogen Equipment Co. Ltd., Toshiba Corporation, Air Liquide S.A, Plug Power Inc., and H-TEC SYSTEMS GmbH.
The Electrolyzers Market is segmented -
• By Product: Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzers
• By Capacity: Less than 500 kW, 500 kW to 2 MW, Above 2 MW
• By Application: Power Plants, Steel Plants, Electronics And Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Other Applications. Western Europe was the largest region in the electrolyzers market in 2022.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=6249&type=smp
Electrolyzes refer to a device that uses electricity to separate the hydrogen and oxygen molecules that make up water to generate hydrogen through a chemical reaction known as electrolysis. It is used for process that helps to separates water into hydrogen and oxygen.
The main products in electrolyzers are alkaline electrolyzer, PEM electrolyzer, and solid oxide electrolyzer. Alkaline electrolyzers perform at a mean temperature of 80-160 °C.
The Table Of Content For The Electrolyzers Market Include:
1. Executive Summary
2. Electrolyzers Market Characteristics
3. Electrolyzers Market Trends And Strategies
4. Electrolyzers Market - Macro Economic Scenario
5. Electrolyzers Market Size And Growth
……
26. Africa Electrolyzers Market
27. Electrolyzers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electrolyzers Market
29. Electrolyzers Market Future Outlook and Potential Analysis
30. Appendix
The "Global Electrolyzers Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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