The global hydrogen electrolyzer market size was USD 441.0 Million in 2022 and is expected to register a rapid revenue CAGR of 24.2% during the forecast period. An electrolyzer is a device with ability to separate the oxygen and hydrogen atoms from water molecules, and a hydrogen electrolyzer is a device that, through a chemical process called electrolysis, generates hydrogen by splitting the water molecules into their hydrogen and oxygen components using electricity.
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