Small Capacity Electrolyzer Market Analysis

Small Capacity Electrolyzer Market Analysis

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The PEM segment is projected to observe 5.5% growth during 2023-2032. PEM electrolyzers have become popular due to their high current densities, compact system design, and quick responsiveness to voltage changes. For instance, in August 2022, LARSEN & TOUBRO LIMITED launched a 420kW PEM electrolyzer-based green hydrogen production facility in Gujarat, India. The product rollout by big businesses complements the commercial potential, driving product demand.
 

The ≤ 100 kW small capacity electrolyzer market is set to witness 0.4% growth rate till 2032. Demand for product deployment will rise as more funds are invested into building fuel cell infrastructure and chemical factories. These systems continue to spread to trains and other forms of transportation which will fuel the product adoption by end of 2032.
 

The industry feedstock segment is poised to cross a valuation of USD 174 million by 2032. The development of hydrogen is consistent due to its enduring potential as a clean energy source. In the coming years, corporate growth will be fueled by rising demand for hydrogen as a feedstock across the chemical and other industries, as well as a positive forecast for the progression of the industrial base in developing nations. Furthermore, the refining, glass, metal processing, food and beverage, and petrochemical industries are increasingly accepting hydrogen as a feedstock.
 

Europe small capacity electrolyzer market amassed USD 43 million revenue in 2022. The increasing international trade in the region will be possible by improving the electrolyzer infrastructure already in place to transport the fuels and by enhanced efforts from numerous stakeholders to shift the focus to the development of hydrogen infrastructure. For instance, in May 2022, the European Commission and regional manufacturers of electrolyzers set the goal of increasing the capacity of electrolyzer production by 2025. The EU will be able to create 10 million tons of renewable hydrogen annually, improving the region’s sustainable and secure energy supply and improving the industry scenario by 2032.