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PEM Electrolyzer Market Share
- Report ID: GMI5853
- Published Date: May 2023
- Report Format: PDF
PEM Electrolyzer Market Share
Strategic partnerships and collaborations along with ongoing technological development across the eminent players will foster the business growth. The key industry participants include
- Siemens Energy
- Air Liquide
- Plug Power Inc.
- ITM Power PLC
- Nel ASA
- Erre Due s.p.a.
- Elogen
- Cummins Inc.
- Air Products and Chemicals, Inc.
- Giner Inc.
- ostermeier H2ydrogen Solutions GmbH
- LARSEN & TOUBRO LIMITED
Frequently Asked Questions (FAQ) :
Market size for PEM electrolyzer was USD 8.24 billion in 2023 and will record more than USD 60.51 billion by 2032, due to rising advancements in renewable energy.
Demand for above 2 MW PEM electrolyzers is expected to witness over 24.4% CAGR from 2023-2032 owing to the increasing urbanization in developing/underdeveloped nations.
Asia Pacific PEM electrolyzer market size was over USD 1.3 billion in 2022 on account of the growing government support through supportive policies in the region.
PEM electrolyzer industry size from the transportation application segment is estimated to exceed USD 10.6 billion by 2032 due to the rising demand for FCEVs as a substitute to conventional vehicles.
PEM Electrolyzer Market Scope
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