The global Electrolyzer market, valued at $219.35 million in 2020, is projected to expand to $1,303.39 million by 2028, with a compound annual growth rate (CAGR) of 24.75% from 2021 to 2028. This substantial growth is driven by various macro and microeconomic factors, including supportive government policies.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Product Type (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer, Others)
By Application (Power Generation, Transportation, Industry Energy, Industry Feedstock, Building Heat & Power, Others)
Key players
Nel
Proton Onsite
Siemens
Toshiba Energy Systems & Solutions Corporation
Air Liquide
Plug Power Inc.
McPhy Energy
ITM Power
Idroenergy
Hydrogenics Corporation
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