PEM Electrolyzer Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

 

MarkNtel Advisors recently published a detailed industry analysis of the PEM Electrolyzer Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

PEM Electrolyzer Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The PEM Electrolyzer Market size is estimated to grow at a CAGR of around 32.7% during the forecast period, i.e., 2024-30.

What are the major Driver the PEM Electrolyzer industry?

Augmenting Industrial Application to Fuel the Market Size – PEM electrolyzers find significant utilization in the industrial sector, serving as a crucial technology for diverse applications such as chemical production, electronics manufacturing, and metal refining. The industrial demand for PEM electrolyzers is experiencing substantial growth due to the escalating need for sustainable and environmentally friendly industrial processes.

Moreover, the adoption of hydrogen produced by PEM electrolyzers in industrial settings holds substantial assurance for reducing greenhouse gas emissions & enhancing overall energy efficiency. Industries are increasingly prioritizing the reduction of their carbon footprint & the attainment of sustainability objectives, thereby driving the expansion of the PEM Water Electrolyzer Market within the industrial sector.

✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/pem-electrolyzer-market.html

What segments define the PEM Electrolyzer market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

  • By Capacity
    • Below 500 KW- Market Size & Forecast 2019-2030, USD Million
    • 500-2,000 KW- Market Size & Forecast 2019-2030, USD
    • Above 2,000 KW - Market Size & Forecast 2019-2030, USD
  • By Material Type
    • Iridium- Market Size & Forecast 2019-2030, USD Million
    • Platinum- Market Size & Forecast 2019-2030, USD Million
    • Others (Titanium, Gold, etc.)- Market Size & Forecast 2019-2030, USD Million

According to report, Platinum material is estimated to account for the majority share in the PEM Electrolyzer Market during 2024-2030 due to its catalytic efficiency, long-term stability, and commercial availability.

  • By Application
    • Power Generation & Energy Storage- Market Size & Forecast 2019-2030, USD Million
    • Transportation- Market Size & Forecast 2019-2030, USD Million
    • Industrial Processes- Market Size & Forecast 2019-2030, USD Million
      • Refineries & Petrochemicals– Market Size & Forecast 2019-2030, USD Million
      • Ammonia Production- Market Size & Forecast 2019-2030, USD Million
      • Methanol Production- Market Size & Forecast 2019-2030, USD Million
    • Others (Hydrogen Refueling Stations, Electronics & Semiconductor, etc.) - Market Size & Forecast 2019-2030, USD Million

According to report, Power generation & Energy storage are dominating the Global PEM Electrolyzer Market, owing to the heightening demand for energy storage solutions, growing green hydrogen production, and industrial power application.

Explore the Complete PEM Electrolyzer Market Analysis Report – https://www.marknteladvisors.com/research-library/pem-electrolyzer-market.html

Geographical Analysis: PEM Electrolyzer Market

o   North America

o   Europe

o   Asia-Pacific

o   South America

o   Middle East & Africa

PEM Electrolyzer Market Share & Competitive Landscape:

The PEM Electrolyzer Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the PEM Electrolyzer Market are:

  • Plug Power Inc.
  • Nel ASA
  • H-Tech Systems
  • ITM Power Plc.
  • Air Liquide
  • Elogen
  • Hande Hydrogen
  • Ningbo Vet Energy Technology Co., Ltd.
  • Siemens Energy
  • Ohmium International, Inc.
  • Cummins Inc.
  • Adritz
  • Proton On Site
  • Toshiba Corporation

PEM Electrolyzer Industry Recent Development:

  • 2023, Plug Power Inc., received USD 21.8 million grant from the European Commission to build an offshore hydrogen production plan. Plug will design & deliver a 10-megawatt (MW) proton exchange membrane (PEM) electrolyzer system to the site in the North Sea.
  • April 2022, Ohmium received an investment of around USD45 million from one of its investors, Fenice Investment Group. The fund is expected to support the growth of the company and help it to increase the hydrogen manufacturing capacity from 500 MW to 2 GW annually by the end of 2022.

 Questions Addressed in this Study

1.What factors are driving the PEM Electrolyzer Market growth?

2.How is the PEM Electrolyzer Market expected to grow over the next five years?

3.What are the key insights into the current trends in the PEM Electrolyzer Market?

4.What is the current size of the PEM Electrolyzer Market, and how is it projected to change in the future?

6.What is the future outlook for the PEM Electrolyzer Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/pem-electrolyzer-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

-Biocomposites Market size was valued at around USD 36.9 billion in 2024 and is projected to reach USD 89 billion by 2030 with a CAGR of around 16%.

-Green Solvents Market size was valued at around USD 1.34 billion in 2024 & is projected to reach USD 1.87 billion by 2030 with a CAGR of around 5.7%.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 |  +91 120 4278433

Email: sales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Comments

Post a Comment

Popular posts from this blog

Physiological Monitors Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

Image
MarkNtel Advisors recently published a detailed industry analysis of the Physiological Monitors Market . The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market. Insights and Analysis of the Physiological Monitors Market (2023-2028) The  Global Physiological Monitors Market  size was valued at  USD 41.11 Billion in 2022  and is projected to grow at a CAGR of around 6.87% during the forecast period, i.e., 2023-28. ✅ In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report. Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/physiological-monitors-market.html What is driving the Physiological Monitors mar...
Read more

Saudi Arabia Laundry Chemicals Estate Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis

Image
  MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Laundry Chemicals Estate Market . The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market. Insights and Analysis of the Saudi Arabia Laundry Chemicals Estate Market (2024-2030) The Saudi Arabia Laundry Chemicals Market size is expected to exhibit a growth rate (CAGR) of 4.39% during the forecast period, i.e., 2024-2030. Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/saudi-arabia-laundry-chemicals-market.html What is driving the Saudi Arabia Laundry Chemicals Estate Market? Expansion of Tourism & Hotel Chains Amplifying the Demand for the Laundry Chemicals – In recent years, there has been a surge in inbound tourism across the country due to the rising live events & prevalence of the cultural heritage sites, like the Nabatean city of Hegra (Mada'in Salih), A...
Read more

Luxury Cars Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis

Image
  MarkNtel Advisors recently published a detailed industry analysis of the Luxury Cars Market . The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market. Insights and Analysis of the Luxury Cars Market (2024-2030) The Global Luxury Cars Market  is projected to grow at a CAGR of around 5.12% during the forecast period, i.e., 2024-30. Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/global-luxury-cars-market.html What is driving the Luxury Cars market? Extensive Rush in the Demand for Comfortable Driving Conditions & Added Premium Features - The expensive vehicles come with capabilities that make driving a better experience, such as intelligent remote entry, satellite radio, and adaptive cruise control. Other than this, contemporary innovations, premium materials, and robust engines are the essential components utilized in the manufacturing...
Read more