PEM Electrolyzer Market Expands as Green Hydrogen Demand Surges | Valuates Reports

PEM Electrolyzer Market Size
The global market for PEM Electrolyzer was valued at US$ 81.7 million in the year 2024 and is projected to reach a revised size of US$ 168 million by 2031, growing at a CAGR of 11.0% during the forecast period.

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PEM Electrolyzer Market Trends
The PEM Electrolyzer market size is experiencing rapid growth as industries accelerate the adoption of green hydrogen for energy transition and decarbonization efforts. Proton Exchange Membrane (PEM) electrolyzers are gaining traction due to their high efficiency, flexibility, and ability to produce high-purity hydrogen using renewable energy sources like wind and solar. With global governments pushing for clean energy policies and net-zero targets, the demand for PEM electrolyzers is driving market growth.

In terms of market share, key industries such as transportation, power generation, and industrial manufacturing are leading adopters of PEM electrolyzers. The rise of hydrogen fuel cell vehicles, renewable energy storage solutions, and industrial hydrogen applications is further fueling adoption. Additionally, advancements in electrolyzer efficiency, cost reduction in catalysts, and scaling up of hydrogen production plants are making PEM electrolyzers more commercially viable.

A detailed market analysis highlights the growing investments in hydrogen infrastructure, government incentives, and strategic collaborations among energy companies. As industries shift toward low-carbon energy solutions, the PEM Electrolyzer market revenue is expected to witness substantial growth, especially in Europe, North America, and Asia-Pacific, where hydrogen initiatives and clean energy projects are expanding rapidly.

by Type

• Barrier Electrolytic Cell
• Barrier-free Electrolyzer

by Application

• Power Plant
• Steel Plant
• Electronics and Optoelectronics
• Other Apps

By Company
Proton On-Site, 718th Research Institute of CSIC, Teledyne Energy Systems, Hydrogenics, Nel Hydrogen, Suzhou Jingli, Beijing Zhongdian, McPhy, Siemens, TianJin Mainland, Areva H2gen

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This release was published on openPR.