In California, research firm CMI reported that the global hydrogen electrolyzer market is projected to grow from an estimated value of $1.75 billion in 2025 to $ 40.12 billion by 2032. CMI noted that the market is expected to grow at a compound annual growth rate (CAGR) of 56.4% from 2025 to 2032. North American hydrogen electrolyzer market is estimated to be valued at $510 million in 2025, owing to expanding hydrogen infrastructure and strong presence of leading players. As per Coherent Market Insights’ latest hydrogen electrolyzer market analysis, Asia Pacific is set to witness fastest growth during the assessment period. This is attributable to increasing decarbonization efforts and supportive government initiatives.
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