Electrolyzers Market Set to Expand Rapidly by 2031 as Demand for Green Hydrogen Increases
The Electrolyzers Market size was valued at USD 0.43 billion in 2023 and is expected to reach USD 104.9 billion by 2031 with a growing CAGR of 98.8% over the forecast period of 2024–2031.
Electrolyzers are central to the production of green hydrogen, which is seen as a sustainable alternative to fossil fuels in sectors that are difficult to decarbonize, such as heavy industry,...
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