Global $400+ Billion Hydrogen Electrolyzer (Alkaline, PEM & Solid Oxide) Market Insights & Forecast to 2025 Featuring Siemens AG, ITM Power, NEL ASA, FuelCell Energy, Air Liquide and Plug Power
The market is anticipated to face certain trends such as rising production of hydrogen fuel cell electric vehicles, decline in green hydrogen production cost and increasing number of electrolyzer projects.\nThe global hydrogen electrolyzer market holds a lucrative future due to the rising demand for clean and green hydrogen.
- The market is anticipated to face certain trends such as rising production of hydrogen fuel cell electric vehicles, decline in green hydrogen production cost and increasing number of electrolyzer projects.\nThe global hydrogen electrolyzer market holds a lucrative future due to the rising demand for clean and green hydrogen.
- Ongoing acquisitions and mergers by leading manufacturing players are enhancing the industrial presence of major companies, which is driving the business scenario.
- Moreover, the increasing demand of electricity across heating, transportation and industrial activities is providing opportunities for global market expansion.\nThe global hydrogen market by region can be segmented as follows: North America, Europe, Asia Pacific, South America and Middle East & Africa.
- In 2020, North America dominated the global market due to the increased application of hydrogen.