Electrolyzer Market Growth, Share, Report to 2032

The global electrolyzer market is expected to reach USD 126.76 billion by 2032, at a CAGR of 44.7% during the forecast period 2023 to 2032. An electrolyzer is an electrochemical device that uses electricity to drive a non-spontaneous chemical reaction, typically the splitting of water into hydrogen and oxygen gases through the process of electrolysis.