Japan is expected to grow at a CAGR of 27.3% and account for more than 3/4th of the hydrogen electrolyzer market share by 2022 in East Asia. Japan is expected to be one of the most lucrative markets throughout the forecast period, according to FMI. The country’s roadmap for implementing the core hydrogen strategy is anticipated to augur well for the market. Its novel strategy includes new targets for hydrogen and fuel cell pricing and deployment, which would push the demand for alkaline electrolyzers in Japan.
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.
The creation of new…
Japan Is Expected To Grow At A CAGR Of 27.3% Hydrogen Electrolyzer Market Share By 2022 In East Asia | FMI
