Increasing demand for green energy, stringent regulations associated with high carbon footprint, and surging investment to develop the industrial sector globally are a few key factors expected to propel growth in the hydrogen electrolyzer market.
NEWARK, Del., July 1, 2022 /PRNewswire/ — The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.
Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the…
Hydrogen Electrolyzer Market To Grow At 24.2% CAGR Through 2032 As Demand For Green Energy Increases
