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Europe Small Capacity Electrolyzer Market Trends

Report ID: GMI8773
Published Date: Apr 2024
Report Format: PDF

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Europe Small Capacity Electrolyzer Market Trends

Large scale investments in clean energy technologies including electrolyzers in line with gaining traction for decentralized solutions for hydrogen production will increase the product demand. Additionally, ongoing governmental plans and targets to promote the adoption of hydrogen technologies to decarbonize the energy systems will boost the business statistics. For instance, in May 2022, the European Commission along with the electrolyzer manufacturers set a target for a tenfold increase in electrolyzer manufacturing capacities by 2025.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Europe small capacity electrolyzer industry reached USD 44.4 million in revenue in 2023 and is anticipated to grow at 9.3% CAGR up to 2032, due to rising suitability for small-scale hydrogen production applications.

Europe PEM small capacity electrolyzer market is projected to exceed USD 75.5 million by 2032 owing to their high current densities, compact system design, and rapid response toward current fluctuations.

Europe small capacity electrolyzer market from the > 300 kW - 500 kW capacity segment is set to witness more than 9.5% CAGR up to 2032, due to sustainable building development initiatives by respective government authorities in conjunction with rapid urbanization.

Germany small capacity electrolyzer industry size is projected to grow at over USD 42 million by 2032, owing to growing collaboration of research institutions, universities, and companies to produce green hydrogen along with rising investments in renewable energy infrastructure.