Electrolyzer Market Is Expected to Reach $937.4 Million by 2027: Says AMR

Increase in concern toward reducing carbon emissions and decline in costs of renewable energy fuel the growth of the global electrolyzer market. Based on region, Europe contributed to the highest market share in 2019, with nearly two-fifths of the global market, and is anticipated to maintain the lead by 2027.


Portland, OR, April 12, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global electrolyzer industry was pegged at $0.2 billion in 2019, and is anticipated to reach $0.9 billion by 2027, registering a CAGR of 24.6% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, top segments, top investment pockets, regional scenario, and competitive landscape.

Increase in concern toward reducing carbon emissions and decline in costs of renewable energy fuel the growth of the global electrolyzer market. On the other hand, limited technological advancements hamper the market growth. However, favorable government policies encouraging electric vehicles usher an array of new opportunities in the coming years.

Download Report Sample (230 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/10974

Covid-19 Scenario

  • The restrictions imposed during the lockdown affected the demand for electrolyzers. The supply chain disruptions had also impacted the sales of the market negatively.
  • However, the government bodies and companies are taking initiatives to restart their businesses, which would help the industry to recoup soon.

The global electrolyzer market is segmented on the basis of product, capacity, application, and region. Based on capacity, the from 500 kW to 2 MW segment held the highest market share in 2019, with around half of the global electrolyzer market, and is expected to maintain its dominance throughout the forecast period. On the other hand, the above 2 MW segment is expected to portray the fastest CAGR of 25.0% from 2020 to 2027.

Get detailed COVID-19 impact analysis on the Electrolyzer Market Request Here

Based on product, the alkaline electrolyzer segment dominated with the largest market share in 2019, holding nearly three-fifths of the global market, and is anticipated the lead the trail throughout the forecast period. On the other hand, the PEM Electrolyzer segment is also anticipated to manifest the highest CAGR of 25.1% from 2020 to 2027.

Based on region, Europe contributed to the highest market share in 2019, with nearly two-fifths of the global market, and is anticipated to maintain the lead by 2027.  Conversely, the market across Asia-Pacific is expected to showcase the fastest CAGR of 25.1% during the forecast period. Other regions studied in the report include LAMEA and North America.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/10974

Leading market players profiled in the report include Hydrogenics, Nel ASA, Siemens Energy Global GmbH, Co. KG. AG, Toshiba, Air Liquide, Plug Power, McPhy Energy, ITM Power, Idroenergy, and Next Hydrogen.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more informationhttps://www.alliedmarketresearch.com/library-access

Similar Reports:
(Pre-Book Now with 10% Discount)

Battery Electrolyte Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Thermoelectric Generator Market: Global Opportunity Analysis and Industry Forecast, 2021–2028

Electrical Equipment Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Biorefinery Products Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

Green Energy Market: Global Opportunity Analysis and Industry Forecast, 2021–2028

Gas Engine Market: Global Opportunity Analysis and Industry Forecast 2020-2027

UV Stabilizers Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141

International: +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1-855-550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

Follow us on | Facebook | Twitter | LinkedIn