According to a new report, published by KBV research, The Global Electrolyzers Market size is expected to reach $39.5 billion by 2030, rising at a market growth of 55% CAGR during the forecast period.
The 500 kW to 2 MW segment is registering a CAGR of 54.5 % during the forecast period. The 500 kW to 2 MW segment aligns with integrated energy systems, where electrolyzers are central in connecting renewable energy sources, like wind or solar, to industrial processes. This integration contributes to a more sustainable and interconnected energy ecosystem. As a result, the segment will grow rapidly in the coming years.
The Alkaline Electrolyzer segment led the Global Electrolyzers Market by Technology in 2022; thereby, achieving a market value of $23 Billion by 2030. Alkaline electrolyzers are one of the oldest and most established technologies among electrolyzers. The robust history of success the technology has accumulated across diverse industrial sectors has contributed to its extensive adoption. The maturity of alkaline electrolyzer technology can instill confidence in potential users regarding its reliability and performance. These factors will boost the demand in the segment.
The Power Generation segment is growing at a CAGR of 52.8 % during the forecast period. Supportive government policies and incentives have played a crucial role in driving the adoption of electrolyzers in power generation. Many governments are implementing measures to promote green hydrogen use and support the development of electrolyzer projects as part of their broader renewable energy strategies. Thus, these aspects will boost the demand in the segment.
Full Report: https://www.kbvresearch.com/electrolyzers-market/
The Europe region dominated the Global Electrolyzers Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $13.5 Billion by 2030. The North America region is anticipated to grow at a CAGR of 54.4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 55.7% during (2023 - 2030).
By Capacity
By Technology
By Application
By Geography
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