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The North America electrochemical transformation industry is projected to observe significant expansion on account of the growing use of electrochemical reactors in renewable energy storage systems including batteries and supercapacitors. Moreover, the push for carbon-neutral technologies is accelerating research and development in CO2 reduction coupled with transition towards more sustainable, efficient, and versatile equipment across various sectors will favor the industry expansion.
Aclarity Inc., Asymchem Inc., Bloom Energy, LG Chem, Pulsenics, SeeO2 Energy Inc., Symeres, Twelve Benefit Corporation, and Vapourtec Ltd.
U.S. electrochemical transformation industry size is projected to surpass USD 800 million by 2032, owing to the ongoing developments in electrocatalysis along with the presence of encouraging administrative initiatives.
The chemical manufacturing application segment in the North America electrochemical transformation market will observe over 8% CAGR between 2024 and 2032, due to the development of more advanced electrode materials and catalysts to enhance efficiency, selectivity, and scalability.
The market size of North America electrochemical transformation was worth USD 572.3 million in 2023 and is projected to observe 8.5% CAGR from 2024 to 2032, driven by advancements in energy storage, environmental sustainability, and industrial efficiency, among other parameters.