Electrolyzers Market worth $57.2 billion by 2030 – Exclusive Report by MarketsandMarkets™

/PRNewswire/ — Electrolyzers Market is expected to reach USD 57.2 billion by 2030 from USD 0.5 billion in 2023 at a CAGR of 97.7% during the 2023–2030 period according to a new report by MarketsandMarkets™. The growing demand for cleaner fuels is one of the major factors driving the Electrolyzers Market. Global electrolyzers demand has been increasing gradually due to goals set to achieve net zero emissions in recent years. Governments worldwide are taking proactive measures to establish the necessary infrastructure for the development of green hydrogen, with a notable focus in Asia and the European Union, alongside select American and Middle Eastern nations. The increasing investment and funding landscape have emerged as formidable catalysts propelling the electrolyzer market into a phase of rapid expansion and technological evolution. Nations have incorporated electrolyzer targets into their hydrogen strategies.