Hydrogen electrolyzer market to reach $ 7.06 billion by 2032, research finds
In India, DataM Intelligence reported that the hydrogen electrolyzer market size reached $1.05 billion in 2024 and is expected to reach $7.06 billion by 2032.
The report stated that the market is expected to expand at a CAGR of 26.89% during the forecast period 2025-2032.
“These systems play a critical role in enabling green hydrogen production, especially when powered by renewable energy sources like solar and wind. The market includes technologies such as alkaline, proton exchange membrane (PEM), and solid oxide electrolyzers, supporting applications across energy storage, transportation, industrial processes, and decarbonization initiatives worldwide,” the report stated.
Category: Hydrogen
