Catalysts for PEM (Proton Exchange Membrane) Electrolyzers market Opportunity, Business Segment Overview and Key Trends 2031
Market Overview The Catalysts for PEM (Proton Exchange Membrane) Electrolyzers market is witnessing a surge in attention as the world pivots toward green hydrogen as a sustainable energy solution. PEM electrolyzers, known for their efficiency, rapid response, and compact design, rely heavily on advanced catalysts to optimize performance and reduce energy consumption. These catalysts, typically based on precious metals such as platinum and iridium, play a crucial role in the electrochemical reactions that split water into hydrogen and oxygen. The global Catalysts for PEM Electrolyzers market size is predicted to grow from US$ 61.6 million in 2025 to US$ 361 million in 2031; it is expected to grow at a CAGR of 34.2% from 2025 to 2031. With increasing investments in renewable energy projects and government incentives to reduce carbon emissions, the demand for high-performance catalysts has grown significantly. This market is now considered a critical segment within the broade...