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Europe PEM Electrolyzer Market - Analysis and Forecast, 2022-2031

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    Report

  • 139 Pages
  • December 2023
  • Region: Europe
  • BIS Research
  • ID: 5914436
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The Europe PEM electrolyzer market is projected to reach $ 1.11 billion by 2031 from $67.8 million in 2022, growing at a CAGR of 36.5% during the forecast period 2022-2031. The need for PEM electrolyzers is anticipated to surge in the European region as a result of rising demands from a range of end-use industries, including the production of ammonia, transportation, electricity and energy storage, and methanol. It is projected that the generation of green hydrogen using PEM electrolyzers would rise significantly, bolstered by large expenditures in renewable energy sources from the public and private sectors. The absence of hydrogen-related infrastructure, such as transportation and storage facilities, could, nevertheless, soon impede the growth of the PEM electrolyzer business in the area.

Market Introduction

The Europe market is seeing a rise in the sales of proton exchange membrane (PEM) electrolyzers as a result of several significant causes. Fuel cell vehicle popularity and the growing emphasis on decarbonization and reducing greenhouse gas emissions are the main reasons behind the market's predicted growth. Stronger government regulations aimed at lowering greenhouse gas emissions and a surge in demand from a range of end-user industries are expected to contribute to the growing need for environmentally friendly fuels. The global PEM electrolyzer market, which is also anticipated to benefit from it, is predicted to rise at a faster rate due to the growing need for green hydrogen. Fuel cell electric vehicles are making PEM electrolyzers more and more essential.

Market Segmentation:

Segmentation 1: by End User

  • Refining Industry
  • Power and Energy Storage
  • Ammonia Production
  • Methanol Production
  • Transportation
  • Others

Segmentation 2: by Material Type

  • Iridium
  • Platinum
  • Others

Segmentation 3: by Country

  • Germany
  • Netherlands
  • Spain
  • France
  • Rest-of-Europe

How can this report add value to an organization?

Product/Innovation Strategy: The product segment helps the reader understand the different material types involved in the production of PEM electrolyzers. Moreover, the study provides the reader with a detailed understanding of the global PEM electrolyzer market based on the end user (refining industry, ammonia production, methanol production, power and energy storage, transportation, and others). PEM electrolyzers are gaining traction in end-user industries on the back of sustainability concerns and their high-power density properties. They are also being used for controlling GHG emissions.

Growth/Marketing Strategy: The Europe PEM electrolyzer market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The favored strategy for the companies has been product developments, business expansions, and acquisitions to strengthen their position in the Europe PEM electrolyzer market.

Competitive Strategy: Key players in the Europe PEM electrolyzer market analyzed and profiled in the study involve PEM electrolyzer manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the Europe PEM electrolyzer market has been done to help the reader understand how players stack against each other, presenting a clear market landscape.

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

  • Siemens Energy AG
  • Hystar
  • Nel ASA
  • ITM Power PLC
  • H-TEC SYSTEMS GmbH
  • H2GREEM S.L.
  • Oort Energy Ltd.
  • iGas energy GmbH
  • IMI Critical Engineering


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Table of Contents

1 Markets
1.1 Industry Outlook
1.1.1 Trends: Current and Future
1.1.1.1 Rising Government Efforts to Construct Low-Carbon Infrastructure
1.1.1.2 Surge in Sustainable Hydrogen Economy
1.1.1.3 Rising Demand for Advanced Electrolysis Technologies
1.1.2 Supply Chain Analysis
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Consortiums and Associations
1.1.3.2 Regulatory Bodies
1.1.3.3 Government Programs
1.1.3.4 Programs by Research Institutions and Universities
1.1.4 Impact of COVID-19 on the PEM Electrolyzer Market
1.1.5 Impact of Russia-Ukraine Conflict on the PEM Electrolyzer Market
1.1.5.1 Impact on the Supply Chain of the PEM Electrolyzer Market
1.1.5.2 Sanctions on Russia and Evaluation of These Sanctions
1.1.5.2.1 Effect of Sanctions on Russia
1.1.5.2.2 Impact of Sanctions on other Countries
1.1.5.3 The Road Ahead
1.1.5.3.1 Key Metal Importers from Russia
1.1.5.3.2 New Sourcing Avenues for Key Metal Importers from Russia
1.1.6 Impact of Iridium Demand-Supply Gap on the PEM Electrolyzer Market
1.1.6.1 Global Iridium Demand-Regional Analysis and Specification
1.1.6.1.1 North America
1.1.6.1.2 Europe
1.1.6.1.3 U.K.
1.1.6.2 Proposed Activities to Enhance the Efficiency of PEM Electrolyzers
1.1.6.3 Iridium, Osmium, and Ruthenium: Import and Export Analysis by key Countries, (2017-2021)
1.1.7 Global Iridium Supply and Demand Gap
1.1.8 PEM Electrolyzer Market Scenario: Historical vs Realistic vs Optimistic, MW, 2021-2031
1.1.9 Detailed Analysis of Key Steps Taken by Key 10 PEM Electrolyzer Manufacturers to Mitigate Iridium Demand-Supply Gap
1.1.9.1 Plug Power Inc.
1.1.9.1.1 Iridium Procurement Analysis
1.1.9.1.1.1 Key Challenges Faced by the Company
1.1.9.1.1.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.1.2 Plug Power Inc.: SWOT Analysis
1.1.9.2 ITM Power PLC
1.1.9.2.1 Company Overview
1.1.9.2.2 Iridium Procurement Analysis
1.1.9.2.2.1 Key Challenges Faced by the Company
1.1.9.2.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.2.3 ITM Power PLC: SWOT Analysis
1.1.9.3 Cummins Inc.
1.1.9.3.1 Company Overview
1.1.9.3.2 Iridium Procurement Analysis
1.1.9.3.2.1 Key Challenges Faced by the Company
1.1.9.3.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.3.3 Cummins Inc.: SWOT Analysis
1.1.9.4 Siemens Energy AG
1.1.9.4.1 Company Overview
1.1.9.4.2 Iridium Procurement Analysis
1.1.9.4.2.1 Key Challenges Faced by the Company
1.1.9.4.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.4.3 Siemens Energy AG: SWOT Analysis
1.1.9.5 Ohmium International, Inc.
1.1.9.5.1 Company Overview
1.1.9.5.2 Iridium Procurement Analysis
1.1.9.5.2.1 Key Challenges Faced by the Company
1.1.9.5.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.5.3 Ohmium International, Inc.: SWOT Analysis
1.1.9.6 Hystar
1.1.9.6.1 Company Overview
1.1.9.6.2 Iridium Procurement Analysis
1.1.9.6.2.1 Key Challenges Faced by the Company
1.1.9.6.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.6.3 Hystar: SWOT Analysis
1.1.9.7 Nel ASA
1.1.9.7.1 Company Overview
1.1.9.7.2 Iridium Procurement Analysis
1.1.9.7.2.1 Key Challenges Faced by the Company
1.1.9.7.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.7.3 Nel ASA: SWOT Analysis
1.1.9.8 Hitachi Zosen Corporation
1.1.9.8.1 Company Overview
1.1.9.8.2 Iridium Procurement Analysis
1.1.9.8.2.1 Key Challenges Faced by the Company
1.1.9.8.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.8.3 Hitachi Zosen Corporation: SWOT Analysis
1.1.9.9 Elogen
1.1.9.9.1 Company Overview
1.1.9.9.2 Iridium Procurement Analysis
1.1.9.9.2.1 Key Challenges Faced by the Company
1.1.9.9.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.9.3 Elogen: SWOT Analysis
1.1.9.10 H-TEC SYSTEMS GmbH
1.1.9.10.1 Company Overview
1.1.9.10.2 Iridium Procurement Analysis
1.1.9.10.2.1 Key Challenges Faced by the Company
1.1.9.10.2.2 Key Steps to Mitigate Iridium Demand-Supply Gap
1.1.9.10.3 H-TEC SYSTEMS GmbH: SWOT Analysis
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Demand for Green Hydrogen
1.2.1.2 Rising Adoption of Fuel Cell Electric Vehicles (FCEVs)
1.2.1.3 Prevailing Research and Development Initiatives for Technological Advancements
1.2.2 Business Challenges
1.2.2.1 High Energy Losses during Production Process
1.2.2.2 High Cost of Production due to Usage of Precious Metals in PEM Technology
1.2.3 Business Strategies
1.2.3.1 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Partnerships, Collaborations, and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Rising Need for Hydrogen Energy Storage Infrastructure
1.2.5.2 Rising Demand for Green Fuel Technologies and Green Fertilizers
1.3 Start-Up/Emerging Manufacturer Landscape
1.3.1 Key Start-Ups/Emerging Manufacturers in the Ecosystem
1.3.2 New Products/Offerings
2 Regions
2.1 Europe
2.1.1 Market
2.1.1.1 Key Producers and Suppliers in Europe
2.1.1.2 Business Drivers
2.1.1.3 Business Challenges
2.1.2 Applications
2.1.2.1 Europe PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.3 Products
2.1.3.1 Europe PEM Electrolyzer Market (by Material Type), Value Data
2.1.4 Europe (by Country)
2.1.4.1 Germany
2.1.4.1.1.1 Buyer Attributes
2.1.4.1.1.2 Key Producers and Suppliers in Germany
2.1.4.1.1.3 Regulatory Landscape
2.1.4.1.1.4 Business Drivers
2.1.4.1.1.5 Business Challenges
2.1.4.1.2 Applications
2.1.4.1.2.1 Germany PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.4.1.3 Products
2.1.4.1.3.1 Germany PEM Electrolyzer Market (by Material Type), Value Data
2.1.4.2 France
2.1.4.2.1 Market
2.1.4.2.1.1 Buyer Attributes
2.1.4.2.1.2 Key Producers and Suppliers in France
2.1.4.2.1.3 Regulatory Landscape
2.1.4.2.1.4 Business Drivers
2.1.4.2.1.5 Business Challenges
2.1.4.2.2 Applications
2.1.4.2.2.1 France PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.4.2.3 Products
2.1.4.2.3.1 France PEM Electrolyzer Market (by Material Type), Value Data
2.1.4.3 Netherlands
2.1.4.3.1 Market
2.1.4.3.1.1 Buyer Attributes
2.1.4.3.1.2 Key Producers and Suppliers in the Netherlands
2.1.4.3.1.3 Regulatory Landscape
2.1.4.3.1.4 Business Drivers
2.1.4.3.1.5 Business Challenges
2.1.4.3.2 Applications
2.1.4.3.2.1 Netherlands PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.4.3.3 Products
2.1.4.3.3.1 Netherlands PEM Electrolyzer Market (by Material Type), Value Data
2.1.4.4 Spain
2.1.4.4.1 Market
2.1.4.4.1.1 Buyer Attributes
2.1.4.4.1.2 Key Producers and Suppliers in Spain
2.1.4.4.1.3 Regulatory Landscape
2.1.4.4.1.4 Business Drivers
2.1.4.4.1.5 Business Challenges
2.1.4.4.2 Applications
2.1.4.4.2.1 Spain PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.4.4.3 Products
2.1.4.4.3.1 Spain PEM Electrolyzer Market (by Material Type), Value Data
2.1.4.5 Rest-of-Europe
2.1.4.5.1 Market
2.1.4.5.1.1 Buyer Attributes
2.1.4.5.1.2 Key Producers and Suppliers in Rest-of-Europe
2.1.4.5.1.3 Business Drivers
2.1.4.5.1.4 Business Challenges
2.1.4.5.2 Applications
2.1.4.5.2.1 Rest-of-Europe PEM Electrolyzer Market (by End User), Volume and Value Data
2.1.4.5.3 Products
2.1.4.5.3.1 Rest-of-Europe PEM Electrolyzer Market (by Material Type), Value Data
2.2 U.K.
2.2.1 Market
2.2.1.1 Buyer Attributes
2.2.1.2 Key Producers and Suppliers in the U.K.
2.2.1.3 Regulatory Landscape
2.2.1.4 Business Drivers
2.2.1.5 Business Challenges
2.2.2 Applications
2.2.2.1 U.K. PEM Electrolyzer Market (by End User), Volume and Value Data
2.2.3 Products
2.2.3.1 U.K. PEM Electrolyzer Market (by Material Type), Value Data
3 Markets - Competitive Benchmarking & Company Profiles
3.1 Competitive Benchmarking (2021)
3.1.1 Competitive Position Matrix (2021)
3.1.2 Product Matrix for Key Companies
3.1.3 Market Share Analysis of Key Companies, 2021
3.2 Company Profiles
3.2.1 Siemens Energy AG
3.2.1.1 Company Overview
3.2.1.1.1 Role of Siemens Energy AG in the PEM Electrolyzer Market
3.2.1.1.2 Product Portfolio
3.2.1.1.3 Production Site
3.2.1.2 Business Strategies
3.2.1.2.1 Market Developments
3.2.1.3 Corporate Strategies
3.2.1.3.1 Partnerships, Collaboration, and Joint Ventures
3.2.1.4 R & D Analysis
3.2.1.5 Analyst View
3.2.2 Hystar
3.2.2.1 Company Overview
3.2.2.1.1 Role of Hystar in the PEM Electrolyzer Market
3.2.2.1.2 Product Portfolio
3.2.2.1.3 Production Site
3.2.2.2 Business Strategies
3.2.2.2.1 Market Developments
3.2.2.3 Corporate Strategies
3.2.2.3.1 Partnerships, Collaborations, and Joint Ventures
3.2.2.4 Analyst View
3.2.3 Nel ASA
3.2.3.1 Company Overview
3.2.3.1.1 Role of Nel ASA in the PEM Electrolyzer Market
3.2.3.1.2 Product Portfolio
3.2.3.1.3 Production Site
3.2.3.2 Business Strategies
3.2.3.2.1 Market Developments
3.2.3.2.2 Partnerships, Collaborations, and Joint Venture
3.2.3.3 Analyst View
3.2.4 ITM Power PLC
3.2.4.1 Company Overview
3.2.4.1.1 Role of ITM Power PLC in the PEM Electrolyzer Market
3.2.4.1.2 Product Portfolio
3.2.4.1.3 Production Site
3.2.4.2 Business Strategies
3.2.4.2.1 Market Developments
3.2.4.3 Corporate Strategies
3.2.4.3.1 Merger and Acquisitions
3.2.4.4 R&D Analysis
3.2.4.5 Analyst View
3.2.5 H-TEC SYSTEMS GmbH
3.2.5.1 Company Overview
3.2.5.1.1 Role of H-TEC SYSTEMS GmbH in the PEM Electrolyzer Market
3.2.5.1.2 Product Portfolio
3.2.5.2 Business Strategies
3.2.5.2.1 Market Developments
3.2.5.3 Analyst View
3.2.6 H2GREEM S.L.
3.2.6.1 Company Overview
3.2.6.1.1 Role of H2GREEM S.L. in the PEM Electrolyzer Market
3.2.6.1.2 Product Portfolio
3.2.6.2 Business Strategies
3.2.6.2.1 Market Developments
3.2.6.3 Analyst View
3.2.7 Oort Energy Ltd.
3.2.7.1 Company Overview
3.2.7.1.1 Role of Oort Energy Ltd. in the PEM Electrolyzer Market
3.2.7.1.2 Product Portfolio
3.2.7.2 Corporate Strategies
3.2.7.2.1 Partnerships, Collaborations, and Joint Ventures
3.2.7.3 Analyst View
3.2.8 iGas energy GmbH
3.2.8.1 Company Overview
3.2.8.1.1 Role of iGas energy GmbH in the PEM Electrolyzer Market
3.2.8.1.2 Product Portfolio
3.2.8.2 Analyst View
3.2.9 IMI Critical Engineering
3.2.9.1 Company Overview
3.2.9.1.1 Role of IMI Critical Engineering in the PEM Electrolyzer Market
3.2.9.1.2 Product Portfolio
3.2.9.2 Business Strategies
3.2.9.2.1 Product Developments
3.2.9.2.2 Market Developments
3.2.9.3 Analyst View
4 Research Methodology
List of Figures
Figure 1: PEM Electrolyzer Market, $Million, 2021, 2022, and 2031
Figure 2: PEM Electrolyzer Market (by End User), $Million, 2021 and 2031
Figure 3: PEM Electrolyzer Market (by Material Type), $Million, 2021 and 2031
Figure 4: PEM Electrolyzer Market (by Region), $Million, 2021 and 2031
Figure 5: Technological Possibilities for Green Hydrogen Production Under $1.5/kg by 2050
Figure 6: Anticipated Capacity for Producing Electrolyzers (by region), 2021-2031
Figure 7: Supply Chain Analysis of the PEM Electrolyzer Market
Figure 8: Global Iridium Market Supply and Demand, Tons, 2021-2031
Figure 9: PEM Electrolyzer Market Volume based on Historical, Optimistic, and Realistic Scenario, MW, 2021-2031
Figure 10: Number of Fuel Cell Vehicles and Hydrogen Refuelling Stations Worldwide, 2021
Figure 11: Distribution of Fuel Cell Electric Vehicle Stock (by Region and Mode), 2021
Figure 12: Distribution of All Fuel Cell Vehicles on Roads as of the End of 2020 (by Country)
Figure 13: Distribution of Different Fuel Cell Vehicle Types Worldwide as of the End of 2020
Figure 14: Research Methodology
Figure 15: Top-Down and Bottom-Up Approach
Figure 16: PEM Electrolyzer Market Influencing Factors
Figure 17: Assumptions and Limitations
List of Tables
Table 1: List of Green Hydrogen Programs by Major Countries
Table 2: Comparison Table of Various Fuel Sources
Table 3: Iridium Usage based on Application.
Table 4: U.K. Import and Export Data
Table 5: List of Players Involved in Iridium Manufacturing and Distribution
Table 6: List of Key Players Involved in the Manufacturing of PEM Electrolyzer Systems
Table 7: Required Activities to Enhance the Efficiency of PEM Electrolyzers
Table 8: Iridium, Osmium, and Ruthenium: Import Analysis by Key Countries, $Thousand, 2017-2021
Table 9: Iridium, Osmium, and Ruthenium: Export Analysis by Key Countries, $Thousand, 2017-2021
Table 10: PEM Electrolyzer Market Volume based on Historical, Optimistic, and Realistic Scenario, MW, 2021-2031
Table 11: Key Market Developments
Table 12: Key Partnerships, Collaborations, and Joint Ventures
Table 13: Key Start-Ups in PEM Electrolyzer Market
Table 14: Product Offerings by Key Start-Ups in PEM Electrolyzer Market
Table 15: Europe PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 16: Europe PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 17: Europe PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 18: Germany PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 19: Germany PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 20: Germany PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 21: France PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 22: France PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 23: France PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 24: Netherlands PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 25: Netherlands PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 26: Netherlands PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 27: Spain PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 28: Spain PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 29: Spain PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 30: Rest-of-Europe PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 31: Rest-of-Europe PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 32: Rest-of-Europe PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 33: U.K. PEM Electrolyzer Market (by End User), MW, 2021-2031
Table 34: U.K. PEM Electrolyzer Market (by End User), $Million, 2021-2031
Table 35: U.K. PEM Electrolyzer Market (by Material Type), $Million, 2021-2031
Table 36: Product Matrix for Key Companies
Table 37: Market Share of Key Companies

Executive Summary

The Europe PEM electrolyzer market (excluding U.K.) is estimated to reach $ 1.11 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 36.5% during the forecast period 2022-2031.

The Europe PEM Electrolyzer Market: Drivers and Challenges

Europe has a large number of electrolyzer manufacturers, and the demand for electrolyzers is also increasing. This is expected to build an infrastructure and create favorable conditions for the production of green hydrogen, as well as increase the region's use of PEM electrolyzers.

The lack of existing infrastructure for green hydrogen transport and bulk storage is a major challenge for European companies. As a result, the companies are working hard to increase renewable energy production capacity while also developing hydrogen storage capacity in the region.

USPs of report

  • Analysis of business drivers and challenges of the Europe PEM Electrolyzer Market
  • Detailed analysis of PEM Electrolyzer Market for Germany, France, Spain and Netherlands

Market segregation based on material type and end user

Analyst’s Perspective on PEM Electrolyzer Market

The Principal Analyst states, 'PEM electrolysis has gained growth in recent years due to a growing emphasis on environmentally friendly and low-carbon technology. PEM electrolysis is gaining popularity among companies as there is zero carbon emission, and it uses electricity as a feedstock. This electricity is generated by renewable energy sources such as wind and solar, which are abundant and produce no greenhouse gases. Furthermore, due to a number of technical and performance advancements in proton exchange membrane electrolyzer, the market is anticipated to expand quickly during the forecast period.'

Some of the prominent names established in this market are:

  • Siemens Energy AG
  • Hystar
  • Nel ASA
  • ITM Power PLC
  • H-TEC SYSTEMS GmbH
  • H2GREEM S.L.
  • Oort Energy Ltd.
  • iGas energy GmbH
  • IMI Critical Engineering

Key Questions Answered in the Report

  • What are the major market drivers, challenges, and opportunities in the Europe PEM Electrolyzer Market?
  • What are some of the key initiatives taken by the existing players to improve their market positioning and strategies adopted by new players entering the market space?
  • How has the Russia-Ukraine conflict impacted the PEM electrolyzer market?

Companies Mentioned

  • Siemens Energy AG
  • R & D Analysis
  • Hystar
  • Nel ASA
  • ITM Power PLC
  • Merger and Acquisitions
  • H-TEC SYSTEMS GmbH
  • H2GREEM S.L.
  • Oort Energy Ltd.
  • iGas energy GmbH
  • IMI Critical Engineering

Table Information

Report AttributeDetails
No. of Pages139
PublishedDecember 2023
Forecast Period2022 - 2031
Estimated Market Value ( USD ) in 2022 $ 67.8 Million
Forecasted Market Value ( USD ) by 2031 $ 1117.9 Million
Compound Annual Growth Rate36.5%
Regions CoveredEurope
No. of Companies Mentioned11

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About the PEM Electrolyzer Market

The PEM Electrolyzer market is a subset of the Fuel Cells market, which is a technology that converts chemical energy into electrical energy. PEM Electrolyzers are a type of fuel cell that uses a proton exchange membrane (PEM) to separate the anode and cathode, allowing for the efficient conversion of hydrogen and oxygen into electricity and water. PEM Electrolyzers are used in a variety of applications, including stationary power, transportation, and industrial processes. The PEM Electrolyzer market is expected to grow in the coming years due to increasing demand for clean energy sources and the need for efficient energy storage solutions. Additionally, the development of new technologies and materials for PEM Electrolyzers is expected to drive market growth. Some of the major companies in the PEM Electrolyzer market include Ballard Power Systems, Hydrogenics, Plug Power, ITM Power, and Nel Hydrogen. Show Less Read more

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