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PEM Small Capacity Electrolyzer Market Trends

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

PEM Small Capacity Electrolyzer Market Trends

Notable increase in the use of PEM electrolyzers in the transportation sector, particularly for fueling fuel cell electric vehicles (FCEVs) along with increasing utilization for power generation owing to their ability to efficiently produce hydrogen, which can be used as a clean energy source will stimulate the industry statistics. Gaining traction across various industrial applications, comprising production of ammonia, methanol, steel, and other chemicals will drive the business dynamics. Additionally, innovations in the electrolyzer technology, comprising increased current density and the use of less expensive materials, are leading to significant cost reductions, which will enhance the industry growth.

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.

PEM Small Capacity Electrolyzer Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 20
  • Countries covered: 12
  • Pages: 100
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