What is the projected growth of the Australia & Japan hydrogen electrolyzer market?
The market is expected to grow at a CAGR of 22.2% from 2023 to 2030, reaching a significant value by 2030.
What are the key drivers of this market growth?
Rising demand for renewable energy storage, government support for hydrogen technologies, and increasing adoption of hydrogen fuel cell vehicles are the primary drivers.
What are the different types of hydrogen electrolyzers used in this market?
Alkaline and Proton Exchange Membrane (PEM) electrolyzers are the dominant types, each offering distinct advantages for specific applications.
Who are the major players in the Australia & Japan hydrogen electrolyzer market?
Global players like Siemens Energy Global, McPhy Energy S.A., and Cummins Inc. are major players, alongside regional companies like ITM Power and Enapter S.r.l.