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Small Capacity Electrolyzer Market Size
- Report ID: GMI5698
- Published Date: May 2023
- Report Format: PDF
Small Capacity Electrolyzer Market Size
Small Capacity Electrolyzer Market was valued at USD 217.7 million in 2023 and is anticipated to expand at 5.1% CAGR from 2024 to 2032. The market for electrolyzer is projected to cross USD 78 billion during the forecast period
The demand for low-carbon energy systems has significantly increased because of risings efforts to reduce GHG emissions. The global adoption of renewable energy technology has significantly advanced due to ongoing regulatory efforts to minimize carbon footprints. For instance, in July 2020, the EU adopted the hydrogen plan to examine the potential for renewable hydrogen. It also encouraged the installation of renewable hydrogen electrolyzers in the EU from 2020 to 2024 in order to support the renewable hydrogen generation and complement the commercial outlook.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Small Capacity Electrolyzer Market Size in 2023: | USD 217.7 Million |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 5.1% |
| 2032 Value Projection: | USD 329.6 Million |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 472 |
| Segments covered: | Product, Capacity, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Large initial investments and a lack of suitable infrastructure, including equipment and storage, are some of the challenges preventing small capacity electrolyzer market expansion. The need for high capital and start-up costs are impacting the entry of new players in the industry. However, with the high need for these electrolyzers, in the coming years, companies are expected to inject considerable funds in order to fulfill the high demand.
Frequently Asked Questions (FAQ) :
Small Capacity Electrolyzer Market Scope
