MarkNtel Advisors – Leading Market Research Company found Global PEM Electrolyzer Market is expected to reach 32.7% CAGR Growth By 2030.

This report provides a comprehensive analysis of the Global PEM Electrolyzer Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the PEM Electrolyzer Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

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Scope of the PEM Electrolyzer Market Report:

The PEM Electrolyzer Market size is estimated to grow at a CAGR of around 32.7% during the forecast period, i.e., 2024-30. The market growth imputes to the growing demand for hydrogen from the transportation sector, government initiatives & policies, and the burgeoning demand for ammonia. The global demand for green hydrogen has been steadily upscaling, as countries & industries focus on decarbonization & the transition to sustainable energy sources.

Which prominent factor is expected to drive the PEM Electrolyzer Market during 2024-30?

Augmenting Industrial Application to Fuel the Market Size – PEM electrolyzers find significant utilization in the industrial sector, serving as a crucial technology for diverse applications such as chemical production, electronics manufacturing, and metal refining. The industrial demand for PEM electrolyzers is experiencing substantial growth due to the escalating need for sustainable and environmentally friendly industrial processes.

Moreover, the adoption of hydrogen produced by PEM electrolyzers in industrial settings holds substantial assurance for reducing greenhouse gas emissions & enhancing overall energy efficiency. Industries are increasingly prioritizing the reduction of their carbon footprint & the attainment of sustainability objectives, thereby driving the expansion of the PEM Water Electrolyzer Market within the industrial sector.

What are the different Segment Available in the PEM Electrolyzer Market?

By Capacity

  • Below 500 KW- Market Size & Forecast 2019-2030, USD Million
  • 500-2,000 KW- Market Size & Forecast 2019-2030, USD
  • Above 2,000 KW - Market Size & Forecast 2019-2030, USD

By Material Type

  • Iridium- Market Size & Forecast 2019-2030, USD Million
  • Platinum- Market Size & Forecast 2019-2030, USD Million
  • Others (Titanium, Gold, etc.)- Market Size & Forecast 2019-2030, USD Million

By Application

  • Power Generation & Energy Storage- Market Size & Forecast 2019-2030, USD Million
  • Transportation- Market Size & Forecast 2019-2030, USD Million
  • Industrial Processes- Market Size & Forecast 2019-2030, USD Million
    • Refineries & Petrochemicals– Market Size & Forecast 2019-2030, USD Million
    • Ammonia Production- Market Size & Forecast 2019-2030, USD Million
    • Methanol Production- Market Size & Forecast 2019-2030, USD Million
  • Others (Hydrogen Refueling Stations, Electronics & Semiconductor, etc.) - Market Size & Forecast 2019-2030, USD Million

By Region

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific.

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Leading PEM Electrolyzer companies operating in the Market

  • Plug Power Inc.
  • Nel ASA
  • H-Tech Systems
  • ITM Power Plc.
  • Air Liquide
  • Elogen
  • Hande Hydrogen
  • Ningbo Vet Energy Technology Co., Ltd.
  • Siemens Energy
  • Ohmium International, Inc.
  • Cummins Inc.
  • Adritz
  • Proton On Site
  • Toshiba Corporation
  • Others.

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