HYDROGEN ELECTROLYZER MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2025 to 2032)
One of the key challenges faced by the market is the high capital costs associated with installing electrolyzer units. Electrolyzers are capital intensive to purchase and set up as the equipment requires expensive components like precious metal catalysts to efficiently split water into hydrogen and oxygen. Additionally, scaling up electrolyzer capacity to an industrial level also adds to the overall capital expenditure. While electrolyzer costs have declined in recent years due to technology improvements and higher production volumes, setting up large-scale, multi-megawatt electrolyzer plants continues to pose a significant investment outlay for end users.
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