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Hydrogen Electrolyzer Market to be at Forefront by 2027

11-01-2017 11:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

/ PR Agency: Future Market Insights

Global Hydrogen Electrolyzer Market: Forecast

The global hydrogen electrolyzer market is anticipated to grow at a robust CAGR of 7.0% throughout the period of forecast, 2017 to 2027. It is expected to reach a market value of more than US$ 350 Mn by the end of 2027 from a calculated value of US$ 181.6 Mn by the end of 2017.

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.

Browse Full Report@ https://www.futuremarketinsights.com/reports/hydrogen-electrolyzer-market

Global Hydrogen Electrolyzer Market: Dynamics

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.

Global Hydrogen Electrolyzer Market: Competitive Landscape

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.

View Full Report TOC @ https://www.futuremarketinsights.com/reports/hydrogen-electrolyzer-market/toc

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Email: sales@futuremarketinsights.com
Website :www.futuremarketinsights.com

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