Electrolyzer Ecosystem: Key Players and Market Trends

The electrolyzer market was estimated at USD 0.3 billion in 2022 and is likely to grow at a CAGR of 97.16% during 2023-2028 to reach USD 17.57 billion in 2028.

An electrolyzer is a device that uses electricity to split water molecules into hydrogen and oxygen in a process known as electrolysis. It has a wide range of applications, including transportation, power generation, industrial energy, building heating, and power, among others.