According to a market report by Lucintel, the future of the global PEM electrolyzer market looks promising with opportunities in the power generation, transportation, industry energy, industry feedstock, and building heating & power applications. The global PEM electrolyzer market is expected to reach an estimated $2.4 billion by 2030 from $0.7 billion in 2024, at a CAGR of 22.0% from 2024 to 2030. The major drivers for this market are growing demand for green hydrogen, rising demand for environmentally-friendly fuel, and increasing focus towards rural electrification.
A more than 150-page report to understand trends, opportunity and forecast in PEM electrolyzer market to 2030 by type (≤ 500 kW, > 500 kW - 2 MW, and above 2 MW), application (power generation, transportation, industry energy, industry feedstock, building heating & power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that above 2 MW is expected to witness highest growth over the forecast period.
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APAC is expected to witness highest growth over the forecast period due to expanding number of domestic and commercial spaces in the region.
Plug Power, Nel, Cummins, ITM Power, Hitachi Zosen, Elogen, Siemens Energy, Ningbo Vet Energy Technology, Green Hydrogen Systems, Haldor Topsøe are the major suppliers in the PEM electrolyzer market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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