The electrolysis merchant hydrogen generation market is expected to expand from $3.5 billion in 2023
The Electrolysis Merchant Hydrogen Generation Market encompasses the production and distribution of hydrogen via electrolysis for commercial sale. This sector involves technologies that split water into hydrogen and oxygen using electricity, often from renewable sources, promoting sustainable energy solutions. It serves diverse industries, including transportation, chemicals, and power generation, offering a cleaner alternative to fossil fuels and supporting the global transition towards a low-carbon economy.