Iridium Catalysts for PEM (Proton Exchange Membrane) Electrolyzers Market Positive Demand and Development Approaches through 2031
Market Overview The Iridium Catalysts for PEM (Proton Exchange Membrane) Electrolyzers Market is witnessing a remarkable surge as global interest in green hydrogen production intensifies. PEM electrolyzers, known for their high efficiency and rapid response rates, rely heavily on iridium-based catalysts to drive the oxygen evolution reaction (OER) in acidic conditions. With the global push towards decarbonization and the increasing adoption of hydrogen as a clean energy vector, demand for high-performance iridium catalysts has grown significantly. The global Iridium Catalysts for PEM Electrolyzers market size is predicted to grow from US$ 39.1 million in 2025 to US$ 199 million in 2031; it is expected to grow at a CAGR of 31.1% from 2025 to 2031. These catalysts not only improve the efficiency of water splitting but also enhance the longevity of electrolyzer components, making them indispensable in the transition to sustainable energy systems. The market is increasingly bein...