PEM Electrolyzer Anode Catalyst Market Outlook: Powering the Next Era of Global Space Missions
Market Overview The PEM Electrolyzer Anode Catalyst Market is gaining strong traction as global industries accelerate their transition toward clean hydrogen production. Proton exchange membrane (PEM) electrolyzers rely heavily on advanced anode catalysts—primarily iridium and ruthenium-based materials—to drive efficient oxygen evolution reactions. The global PEM Electrolyzer Anode Catalyst market size is predicted to grow from US$ 99 million in 2025 to US$ 608 million in 2031; it is expected to grow at a CAGR of 35.4% from 2025 to 2031. As hydrogen emerges as a cornerstone of decarbonization strategies in sectors such as transportation, power generation, and heavy manufacturing, demand for high-performance catalysts continues to rise. Market growth is supported by increasing investments in green hydrogen infrastructure, favorable government incentives, and corporate sustainability commitments. At the same time, ongoing research into catalyst durability and cost reduction is ...