Global PEM Electrolyzer Market Growth 2023-2029

Global PEM Electrolyzer Market Growth 2023-2029

Proton exchange membrane (PEM) electrolysis is the electrolysis of water in a cell equipped with a solid polymer electrolyte (SPE) that is responsible for the conduction of protons, separation of product gases, and electrical insulation of the electrodes. The PEM electrolyzer was introduced to overcome the issues of partial load, low current density, and low pressure operation currently plaguing the alkaline electrolyzer.

LPI (LP Information)' newest research report, the “PEM Electrolyzer Industry Forecast” looks at past sales and reviews total world PEM Electrolyzer sales in 2022, providing a comprehensive analysis by region and market sector of projected PEM Electrolyzer sales for 2023 through 2029. With PEM Electrolyzer sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world PEM Electrolyzer industry.

This Insight Report provides a comprehensive analysis of the global PEM Electrolyzer landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on PEM Electrolyzer portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global PEM Electrolyzer market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for PEM Electrolyzer and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global PEM Electrolyzer.

The global PEM Electrolyzer market size is projected to grow from US$ 65 million in 2022 to US$ 137.6 million in 2029; it is expected to grow at a CAGR of 137.6 from 2023 to 2029.

The main application of PEM electrolyzers are hydrogen refueling station, industrial application, laboratory and other fields, of which hydrogen refueling station is the biggest market with a share about 43%, followed by industrial application and other fields. In terms of product, PEM electrolyzers can be divided into three scales: small scale, middle scale, large scale. The small scale holds a share about 73%. The major manufacturers in the world include Proton On-Site, Cummins, Siemens, Toshiba. etc.

This report presents a comprehensive overview, market shares, and growth opportunities of PEM Electrolyzer market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Barrier Electrolytic Cell
Barrier-free Electrolyzer

Segmentation by application
Power Plant
Steel Plant
Electronics and Optoelectronics
Other Apps

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Proton On-Site
718th Research Institute of CSIC
Teledyne Energy Systems
Hydrogenics
Nel Hydrogen
Suzhou Jingli
Beijing Zhongdian
McPhy
Siemens
TianJin Mainland
Areva H2gen

Key Questions Addressed in this Report

What is the 10-year outlook for the global PEM Electrolyzer market?

What factors are driving PEM Electrolyzer market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do PEM Electrolyzer market opportunities vary by end market size?

How does PEM Electrolyzer break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.