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Electrolyzers Market to Reach $14.48 Billion, at a 38.2% CAGR by 2031 | MarketsandMarkets™

GlobeNewswire

Delray Beach, FL , Aug. 24, 2026 -- According to MarketsandMarkets, the global Electrolyzers Market size is projected to reach USD 14.48 billion by 2031 from USD 2.08 billion in 2025, at a CAGR of 38.2% during the forecast period. The expansion of renewable energy deployment, national hydrogen mission programs, and the rising integration of green power into industrial and mobility applications are driving the growth of the electrolyzers market. Electrolyzers play a crucial role in enabling the production of green hydrogen, decarbonizing energy systems, and supporting clean power generation across various sectors, including energy (CHP/Power), mobility, industrial chemicals, and grid injection. The demand for electrolyzers is further supported by rapid electrification trends, increasing green hydrogen blending targets, the growth of fuel-cell mobility solutions, and a stronger policy focus on net-zero emissions and energy security.

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