Hydrogen Electrolyzers Market

In 2020, the global Hydrogen electrolyzer market capacity was estimated to be 26.88 MW. The electrolyzer capacity was dominated by APAC, followed by EMEA and the Americas. Hydrogen is emerging as an important component of the energy shift. Significant governmental support, as well as the government's commitment to deep decarbonization, continue to drive hydrogen investment. The momentum created throughout the value chain has expedited cost reductions in hydrogen production, transmission, distribution, retail, and end uses.
With an expansion in its application in areas such as transportation, buildings, and power production, hydrogen is set to play a critical part in the clean energy transition. The usage of hydrogen technology is becoming more popular in a variety of specialized transportation industry sectors and other applications. After minimal infrastructure adjustments, hydrogen technology might be utilized to replace compressed natural gas (CNG) in some places in the short to medium future.

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