Hydrogen Electrolyzer Industry to 2035 - Strategy Analysis

 


The global hydrogen electrolyzer market size was estimated at USD 517.80 million in 2023 and is projected to reach USD 63.72 billion by 2030, growing at a CAGR of 98.1% from 2024 to 2030. This market stands at the forefront of a monumental shift towards sustainable energy solutions.

Recent Development

•            In January 2022 Logan Energy in Edinburgh and Green Hydrogen Systems have a contract for the delivery of electrolysis equipment for a project in England. As part of ambitions to create a local hydrogen economy in Dorset, England, the electrolytic systems will be installed in a 40-foot container as a fully functional green hydrogen factory. Logan Energy runs these systems, which are made by Green Hydrogen Systems. The purchase includes two GHS Provide A90 systems with a combined capacity of 0.9 MW for the production of green hydrogen using renewable energy.

•            In March 2022 Man Energy Solutions declared it would invest up to USD 500 million in H-Tec Systems, a subsidiary. The extensive global sales network and substantial project management expertise of Man Energy Solutions will be advantageous to H-Tec. Additionally, it will have direct access to the Volkswagen Group's knowledge and experience, particularly when it comes to issues with production scaling and the supplier-based series manufacturing industry.

•            In October 2021 Plug Power completed the acquisition of United Hydrogen and GINER ELX in June 2020. The acquisition is expected to bring better sales leading to larger market share across the globe.

 

Read More - https://medium.com/@nikitastalwartresearchinsights/hydrogen-electrolyzer-industry-to-2035-strategy-analysis-085e8cabbf57

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