Global PEM Electrolyzer Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global PEM Electrolyzer Market Industry (2024-2030):

According to the latest report, the Global PEM Electrolyzer Market size is estimated to grow at a CAGR of around 32.7% during the forecast period, i.e., 2024-30. The report demonstrates the prominent factors propelling the exponential growth of the Global PEM Electrolyzer Market.


Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 32.7%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Download a sample PDF of this report to gain insights into the complete report structure : https://www.marknteladvisors.com/query/request-sample/pem-electrolyzer-market.html

What are the major Driver the Global PEM Electrolyzer Market industry?

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.

Global PEM Electrolyzer Market Segmentation

The Global PEM Electrolyzer Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • 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

As per the regional aspect, the Global PEM Electrolyzer Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report- https://www.marknteladvisors.com/research-library/pem-electrolyzer-market.html

Top Companies in the Global PEM Electrolyzer 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, Ohium International, Inc., Cummins Inc., Adritz., Proton On Site, Toshiba Corporation, and Others

Global PEM Electrolyzer Industry Recent Development:


  • 2023, Plug Power Inc., received USD 21.8 million grant from the European Commission to build an offshore hydrogen production plan. Plug will design & deliver a 10-megawatt (MW) proton exchange membrane (PEM) electrolyzer system to the site in the North Sea.

 

  • April 2022, Ohmium received an investment of around USD45 million from one of its investors, Fenice Investment Group. The fund is expected to support the growth of the company and help it to increase the hydrogen manufacturing capacity from 500 MW to 2 GW annually by the end of 2022.
Other reports: 

Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

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