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Small Capacity Electrolyzer Market Trends

Report ID: GMI5698
Published Date: May 2023
Report Format: PDF

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Small Capacity Electrolyzer Market Trends

The small capacity electrolyzer market will benefit from ongoing product development as well as attractive private and public sector investments to introduce improved hydrogen generation technologies. Rising product innovations and continued efforts by large corporations to construct hydrogen production facilities will improve the market outlook over the coming years. The rising demand to electrify rural areas across developing countries is expected to influence product demand in the future.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of small capacity electrolyzer surpassed USD 217.7 million in 2023 and is anticipated to register over 5.1% CAGR from 2024 to 2032, explains GMI report.

The < 100 kW small capacity electrolyzer industry size will observe 0.4% growth during 2023 to 2032 as more investments are made into building fuel cell infrastructure and chemical factories.

Europe small capacity electrolyzer industry was worth USD 43 million in 2022 and will increase further due to rising international trade in the region.

Giner Inc., Sunfire GmbH, Green Hydrogen Systems, Bloom Energy, Ostermeier H2ydrogen Solutions GmbH, ITM Power PLC, McPhy Energy S.A., and h2e Power are a few of the well-known companies in the market.