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Europe Small Capacity Electrolyzer Market Size
- Report ID: GMI8773
- Published Date: Apr 2024
- Report Format: PDF
Europe Small Capacity Electrolyzer Market
Europe Small Capacity Electrolyzer Market size was valued at USD 44.4 Million in 2023 and is anticipated to grow at a CAGR of 9.3% between 2024 and 2032. An electrolyzer refers to an electrolysis device used to split water into hydrogen and oxygen using electricity. They typically have a capacity ranging from a few kilowatts to a few hundred kilowatts, making them suitable for small-scale hydrogen production applications.
Growing demand for hydrogen as a clean fuel along with continuous advancements in the electrolyzer technology including improvements in efficiency, durability, and cost-effectiveness will enhance the business dynamics. For instance, in February 2023, Cipher Neutron and dynaCERT collaborated for the development & commercialization of AEM electrolyzer technology in the market. Further, rising research & development activities across the technologies will fuel the market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Small Capacity Electrolyzer Market Size in 2023: | USD 44.4 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 9.3% |
| 2032 Value Projection: | USD 98.5 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 150 |
| Tables, Charts & Figures: | 200 |
| Segments covered: | Product, Capacity, Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Small Capacity Electrolyzer Market Scope
