Hydrogen finds extensive utilization in several applications, such as electronics, chemicals, glass, and so on. This chemical element is made both as a by-product and as a principal product. Around 90% of the total global demand for hydrogen is dependent on the resources that are based on fossil fuels. However, a very negligible part of this total demand is met through the process of water electrolysis. Polymer electrolyte membrane (PEM) electrolyzer, alkaline electrolyzer, and solid oxide electrolyzer are some of the common types of electrolyzers that are found popularly in the global hydrogen electrolyzer market. All of these electrolyzers differ from each other in operational efficiency and methods of processing. The rising demand for hydrogen is expected to work in favor of the global hydrogen electrolyzer market in the years to come.
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Hydrogen electrolyzer is utilized in the disintegration of water into the gases of hydrogen and oxygen. This process of disintegration is achieved through the passage of electric current. In an effort to meet the demand for optimum volume of the chemical element for various applications, the electrolyzers are found in different capacities along with generation of hydrogen, which ranges from as huge as 1000 liters per hour for large scale production to 100 liters per hour in small scale production processes.
Growing Demand from Small Scale Industries to Shoot Up Demand in the Market
Hydrogen is regarded as a clean fuel with immense growth prospects in the future. Governments across many countries are totally focused on the creation of a sustainable form of hydrogen-based economy. In such an economy, electrolyzers are anticipated to play an important role in the years to come. In addition, Hydrogen electrolyzers are also estimated to gather momentum in the small scale industries wherein it will be used extensively across many applications. Many of end users, such as electronics, food and beverages, and metal fabrication and production are opting for onsite generation of hydrogen. These factors are likely to support development of the global hydrogen electrolyzer market in the near future.
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