Press release
Hydrogen Electrolyzer Market Value is Expected to Increase to US$ 350 Mn by the end of 2027
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.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.
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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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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.
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