The hydrogen electrolyzers market is set to reach USD 79.90 million and registers an accelerating CAGR of over 6% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AREVA H2Gen, Asahi Kasei Corp., Enapter Srl, Giner Inc., Hitachi Zosen Corp., Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG are some of the major market participants. The growing adoption of fuel cell-powered vehicles will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
READ the latest news shaping the hydrogen market at Hydrogen Central
Key Countries
Based on the analysis of various regions and their contribution to the global market, we estimate that US, Germany, Sweden, Canada and Japan will have the highest revenue share globally. These countries are expected to remain the largest markets for hydrogen electrolyzers.
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Hydrogen Electrolyzers Market to reach USD 79.90 million, May 17, 2021
