Electrolytic water to hydrogen equipment market research: to reach $12.6 billion by 2025
Electrolytic water to hydrogen plants are an important technology for the production of clean energy, especially hydrogen. The global market for this equipment has been growing rapidly in recent years, driven by the growing demand for sustainable and environmentally friendly energy. China, as one of the largest energy consumers and carbon emitters, has also been paying great attention to the development of hydrogen energy, and therefore the market for electrolytic water to hydrogen equipment in China is also growing rapidly.
Globally, the electrolytic water hydrogen production equipment market is expected to continue to grow rapidly in the coming years. The growing focus on clean energy and the need to transition from fossil fuels to renewable energy sources will continue to drive the demand for hydrogen. In addition, growing demand for hydrogen in industries such as transportation, power generation, and chemical production is expected to further drive the market growth. According to data, the global water electrolysis hydrogen production equipment market size is expected to reach USD 12.6 billion by 2025, growing at a CAGR of 4.2% from 2020 to 2025.