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The global electrolyzers market size grew from $0.29 billion in 2022 to $0.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%.
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Electrolyzers Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032 © The Business Research Company. All Rights Reserved.
Electrolyzers Market Segments The Business Research Company segments it’s Electrolyzers market report as: Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzers By Product Less than 500 kW, 500 kW to 2 MW, Above 2 MW By Capacity Power Plants, Steel Plants, Electronics And Photovoltaics, Industrial Gases, Energy Storage or Fueling for FCEV's, Power to Gas, Other Applications By Application © The Business Research Company. All Rights Reserved.
ElectrolyzersMarket Statistics The global electrolyzers market size grew from $0.29 billion in 2022 to $0.32 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The market size of global electrolyzers is expected to grow to $0.48 billion in 2027 at a CAGR of 10.5%. Global Electrolyzers Market Size Forecast To 2032 0.48 0.32 0.29 2022 2023 2027 Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers Growing demand for fuel cell-based automotive is significantly contributing to the growth of the electrolyzers market. Trends Technological advancements are a key trend gaining popularity in the electrolyzers market. Region Western Europe was the largest region in the electrolyzers market in 2022. Asia-Pacific is expected to be the fastest-growing region in the electrolyzers market during the forecast period. The regions covered in the electrolyzers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. © The Business Research Company. All Rights Reserved.
Key Market Players Major players in the Electrolyzers market are: ▪ Nel ASA ▪ Asahi Kasei Corporation ▪ Hydrogenics ▪ Areva H2gen ▪ Siemens AG ▪ And more. Get More Information On The Electrolyzers Market Report © The Business Research Company. All Rights Reserved.
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