Electrolyzer Market Report 2022: Overview, Size, Share, Growth, Industry Trends & Future Scope 2027
According to the latest report by IMARC Group, titled “ Electrolyzer Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, ” offers a comprehensive analysis of the industry, which comprises insights on the electrolyzer market size . The global electrolyzer market reached a value of US$ 421 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 732 Million by 2027, exhibiting at a CAGR of 9.45% during 2022-2027. An electrolyzer is a system that consumes electricity to produce carbon-free hydrogen from renewable and nuclear resources. It comprises pumps, vents, storage tanks, and separators for generating electricity without releasing harmful gases into the environment. At present, it is available in wide varieties ranging from small industrial plants installed in shipping containers to large-scale centralized manufacturing facilities, which can deliver hydrogen via trucks. As the novel coronavirus (COVID-19) crisis tak...