≤ 100 KW represents 47.3% of capacity sales and power generation accounts for 44.9% within the application segment in 2025. The PEM small capacity electrolyzer market was valued at USD 141.7 million in 2025, is projected to reach USD 265.9 million by 2035 and is forecast to post a 6.5% CAGR between 2025 and 2035.