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PEM Electrolyzer Market Share

Report ID: GMI5853
Published Date: Jul 2024
Report Format: PDF

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PEM Electrolyzer Market Share

Industry collaborations in the PEM Electrolyzer industry across the Asia-Pacific region have been instrumental in driving innovation, expanding market reach, and improving product offerings. Development and marketing of tankless water heaters, ongoing expansion into emerging markets in Southeast Asia and development of energy-efficient water heating solutions will drive the business scenario. Further, integration of renewable energy sources with water heating systems along with research on advanced water heating technologies and smart systems is set to augment the business landscape.

PEM Electrolyzer Market Companies

Eminent players operating in the PEM electrolyzer industry are:

Air Liquide
Air Products and Chemicals, Inc.
Cummins Inc.
Erre Due s.p.a.
Elogen
Giner Inc.
ITM Power PLC
LARSEN & TOUBRO LIMITED
Nel ASA
ostermeier H2ydrogen Solutions GmbH
Plug Power Inc.
Siemens Energy

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

PEM electrolyzer industry was reached USD 8.5 billion in 2023 and will record 24.6% CAGR through 2032, due to rising usage in various applications across different sectors

Demand for > 500 kW – 2 MW PEM electrolyzers is expected to record more than USD 700 million by 2032, owing to the increasing adoption on-site across numerous industries including glass, metal, food & beverage, transportation, and chemical

Europe PEM electrolyzer industry size will reach over USD 46.5 billion by 2032 on account of the growing investments in the development of hydrogen infrastructure

Giner Inc., ITM Power PLC, LARSEN & TOUBRO LIMITED, Nel ASA, ostermeier H2ydrogen Solutions GmbH, Plug Power Inc., and Siemens Energy