The global hydrogen electrolyzer market size was valued at USD 445.3 million in 2021 and is poised to grow at a significant CAGR of 10.6% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on The research report “Hydrogen Electrolyzer Market – By Product Type, By Capacity, End-User and - Global/Region/Country Forecast to 2028.
View the detailed report description here - https://precisionbusinessinsights.com/market-reports/hydrogen-electrolyzer-market/
An overview on the Hydrogen Electrolyzer Market:
This global market report aims at providing a comprehensive overview on the hydrogen electrolyzer market which can be categorized on the basis of end-user, product type, by capacity and output pressure. The hydrogen electrolyzer market has been classified into different segments such as Alkaline Water Electrolyzer, Polymer Electrolyte Membrane (PEM) Electrolyzer and Solid Oxide Electrolyzer based on the product type. Amid these segments, the polymer electrolyte membrane (PEM) electrolyzer segment is likely to be the rapidly growing and highest segment. This market is classified into different sectors such as High (Above 2 MW), Medium (500 kW to 2 MW, Low (<500 kW) on the basis of capacity. Amid these sectors, the high capacity (Above 2 MW) sector is anticipated to witness the rapidly growing market during the forthcoming years 2022-2028. The market is categorized into different sectors such as High (≥ 40 bar), Medium (10 bar – 40 bar), and Low (≤10 bar) based on the output pressure. Amid these sectors, the high (≥ 40 bar) sector witnesses the highest share in 2021 and Medium (10 bar – 40 bar) comes at the second place and witnesses the biggest share. The market has been classified into segments such as the Metal Production and Fabrication, Food and Beverages, Chemicals, Automobile, Glass and Pharmaceutical & Biotechnology and others on the basis of end-user. Among these segments, the chemicals segment is anticipated to lead other segments in the hydrogen electrolyzer market. This segment is also anticipated to witness the highest CAGR during the evaluation period.
The electrolyte is mainly used to separate cathode and anode each other. Such systems are used for decomposing water into hydrogen and oxygen by passing an electric current. Fast industrialization around emerging countries combined with the increase in the commercialization of hydrogen to meet energy-efficiency target will enhance the business scenario.
Asia Pacific accounted for significant share in the Hydrogen Electrolyzer Market:
Asia Pacific market is anticipated to record the highest market share during the forthcoming years due to the increase in the use of hydrogen around different end-use industries including electronics, glass, welding & metal fabrication.
Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=52045
Competitive Analysis - Hydrogen Electrolyzer Market:
Major players working in the hydrogen electrolyzer market are Asahi Kasei Corp, Cockerill JingLi Hydrogen, Gaztransport and Technigaz SA, Kobe Steel Ltd and McPhy Energy SA. Key players in the market aim at following strategies such as major collaborations and novel product launches.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Precision Business Insights | Toll Free: +1 866 598 1553