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PEM Small Capacity Electrolyzer Market Share

Report ID: GMI9510
Published Date: May 2024
Report Format: PDF

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PEM Small Capacity Electrolyzer Market Share

PEM Small Capacity Electrolyzer Company Market Share

Hydrogenics, ITM Power plc, McPhy Energy, Linde and Plug Power are some major players operating in the industry. Companies are forming alliances to advance electrolyzer technology and improve efficiencies. They are also collaborating on research & development to push the boundaries of electrolyzer efficiency and cost reduction. Strategic partnerships facilitate joint research, technology transfer, and innovation, essential for the continuous improvement of electrolyzer systems?. Strategic collaborations and investments are essential for market growth to enhance their product lines and expand their consumer base.

PEM Small Capacity Electrolyzer Market Companies

Eminent players operating in the PEM small capacity electrolyzer industry are:

Air Products and Chemicals, Inc.
Elogen
Giner Inc.
Hydrogenics
ITM Power PLC.
Linde plc
McPhy Energy S.A.
Nel ASA
Plug Power Inc.GH2
Siemens Energy

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market valuation of the PEM small capacity electrolyzer was reached USD 124.9 million in 2023 and is anticipated to grow at 6.5% CAGR from 2024 to 2032, due to the rising R&D efforts focused on reducing costs and improving the durability of these systems

PEM small capacity electrolyzer market size from the transportation application segment is anticipated to exceed USD 44 million by 2032 as they are crucial in producing the hydrogen needed for fuel cell electric vehicles (FCEVs)

Demand for >100 – 300 kW PEM small capacity electrolyzers is set to witness more than 17.5% through 2032 owing to driven by advancements in technology and increasing demand for green hydrogen production.

Europe PEM small capacity electrolyzer market will exceed USD 77.5 million by 2032, led by the notable increase in installations, with hydrogen projects across economies including Germany among others.