{"product_id":"global-hydrogen-electrolyzer-market-alkaline-pem-solid-oxide-insights-forecast-with-potential-impact-of-covid-19-2023-2027","title":"Global Hydrogen Electrolyzer Market (Alkaline, PEM \u0026 Solid Oxide): Insights \u0026 Forecast with Potential Impact of COVID-19 (2023-2027)","description":"\u003cp\u003eGlobal Hydrogen Electrolyzer Market (Alkaline, PEM \u0026amp; Solid Oxide): Insights \u0026amp; Forecast with Potential Impact of COVID-19 (2023-2027)\u003cbr\u003e\nThe global hydrogen electrolyzer market is expected to reach US$466.43 million in 2027, growing at a CAGR of 6.57%, for the duration spanning 2023-2027. The market growth was driven by various factors like increasing global carbon emissions, growing production of low-carbon hydrogen, increasing production of ammonia, increasing demand for margarine, increasing production capacity of menthol and increase in demand for semiconductors. However the market growth would be challenges by lack of potent hydrogen storage facility and health effects caused by hydrogen. The market is anticipated to face certain trends such as rising production of hydrogen fuel cell electric vehicles, decline in green hydrogen production cost and increasing number of electrolyzer projects.\u003c\/p\u003e\n\n\u003cp\u003eThe global hydrogen electrolyzer market holds a lucrative future due to the rising demand for clean and green hydrogen. Ongoing acquisitions and mergers by leading manufacturing players are enhancing the industrial presence of major companies, which is driving the business scenario. Moreover, the increasing demand of electricity across heating, transportation and industrial activities is providing opportunities for global market expansion.\u003c\/p\u003e \n\n\u003cp\u003eThe global hydrogen market by region can be segmented as follows: North America, Europe, Asia Pacific, South America and Middle East \u0026amp; Africa. In 2022, North America dominated the global market due to the increased application of hydrogen. However, outbreak of the COVID-19 pandemic has caused a slowdown in the global market due to delay in the adoption of green hydrogen and postponement of the pipeline electrolysis projects.\u003c\/p\u003e\n\n\u003cp\u003eScope of the report:\u003c\/p\u003e\n\n\u003cp\u003eThe report provides a comprehensive analysis of the global hydrogen electrolyzer market. \u003cbr\u003e\nThe major regional markets (North America, Europe, Asia Pacific, South America and Middle East \u0026amp; Africa) have been analyzed.\u003cbr\u003e\nThe market dynamics such as growth drivers, market trends and challenges are analyzed in-depth. \u003cbr\u003e\nThe competitive landscape of the market, along with the company profiles of leading players (Siemens AG, ITM Power, NEL ASA, FuelCell Energy, Air Liquide and Plug Power) are also presented in detail.\u003c\/p\u003e\n\n\u003cp\u003eKey Target Audience:\u003c\/p\u003e\n\n\u003cp\u003eHydrogen Electrolyzer Manufacturers\u003cbr\u003e\nSupply Chain Partners\u003cbr\u003e\nEnd Users (Businesses\/ Consumers) \u003cbr\u003e\nConsulting Firms \u003cbr\u003e\nInvestment Banks\u003cbr\u003e\nGovernment Bodies \u0026amp; Regulating Authorities\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"August, 2023 \/ 65 Pages \/ MCW16207799","offer_id":47610803552562,"sku":null,"price":1500.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-hydrogen-electrolyzer-market-alkaline-pem-solid-oxide-insights-forecast-with-potential-impact-of-covid-19-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}