Electrolyzer type segments performance in the global hydrogen electrolyzer market

The global hydrogen electrolyzer market is expected to grow at a CAGR of 8.08% during the forecast period. Based on electrolyzer type the global hydrogen electrolyzers market has been segmented into alkaline and PEM.

Alkaline hydrogen electrolyzers are used to generate hydrogen by low temperature electrolysis. The electrolyte used in alkaline hydrogen electrolyzers is generally an aqueous potassium hydroxide (KOH) solution. In an alkaline hydrogen electrolyzer, the reaction takes place between the two electrodes in the presence of a liquid solution consisting of water and electrolyte. Non-noble catalysts are used in alkaline hydrogen electrolyzers.

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The major advantage of alkaline hydrogen electrolyzers is that it supports higher MW range stacks, thus leading to higher capacity with a stable operating environment for the hydrogen electrolyzers. Alkaline hydrogen electrolyzers are reliable systems and are used by industrial gas suppliers for heavy-duty applications in the power stations, refueling stations, industrial plants, and energy storage facilities. Therefore, owing to the advantages such as lower costs and higher production capacity compared with PEM hydrogen electrolyzers, the segment of the global hydrogen electrolyzer market will be exhibiting a stable growth rate during the forecast period.