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PEM Electrolyzer Market Size
- Report ID: GMI5853
- Published Date: May 2023
- Report Format: PDF
PEM Electrolyzer Market Size
PEM Electrolyzer Market Size was valued at USD 8.24 billion in 2023 and is anticipated to grow at a CAGR of over 22.9% between 2024 and 2032.
A PEM (Proton Exchange Membrane) electrolyzer is a device that uses an electrochemical process to split water (H2O) into hydrogen (H2) and oxygen (O2) gases. It consists of a solid polymer electrolyte membrane (typically made of a perfluorinated polymer), two electrodes (an anode and a cathode), and catalyst layers. They significantly contribute to the advancement of renewable energy and the development of a sustainable hydrogen economy. Moreover, high current densities, compact system design, and rapid response toward current fluctuations are some of the key features which have stimulated the product adoption.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| PEM Electrolyzer Market Size in 2023: | USD 8.24 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 22.9% |
| 2032 Value Projection: | USD 60.51 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 365 |
| Segments covered: | Capacity, Application, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
PEM Electrolyzer Market Scope
