Electrolysis is a promising option for hydrogen production from renewable resources. Electrolysis is the process of using electricity to split water into hydrogen and oxygen. This reaction takes place in a unit called electrolyze. Electrolyzes can range in size from small, appliance-size equipment that is well-suited for small-scale distributed hydrogen production to large-scale, central production facilities that could be tied directly to renewable or other non-greenhouse-gas-emitting forms of electricity production.
The global market for Water Electrolysis was estimated to be worth US$ 219.2 million in 2023 and is forecast to a readjusted size of US$ 733.1 million by 2030 with a CAGR of 18.6% during the forecast period 2024-2030
The major players in global water electrolysis market include 718th Research Institute of CSIC, Proton On-Site, Hydrogenics, etc. The top 2 players occupy about 30% shares of the global market. Asia Pacific and Europe are main markets, they occupy about 75% of the global market.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Water Electrolysis, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Water Electrolysis by region & country, by Type, and by Application.
The Water Electrolysis market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Water Electrolysis.
Market Segmentation
By Company
718th Research Institute of CSIC
Proton On-Site
Hydrogenics
Teledyne Energy Systems
Suzhou Jingli
McPhy
TianJin Mainland
Siemens
Nel Hydrogen
Toshiba
Yangzhou Chungdean Hydrogen Equipment
Areva H2gen
ITM Power
Idroenergy Spa
Erredue SpA
Kobelco Eco-Solutions
ShaanXi HuaQin
EM Solution
Beijing Zhongdian
H2B2
Elchemtech
Asahi Kasei
Verde LLC
Thyssenkrupp
Cummins
Elogen
Segment by Type:
Traditional Alkaline Electroliser
PEM Electroliser
Segment by Application
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Water Electrolysis manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Water Electrolysis in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Water Electrolysis in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 Water Electrolysis Product Introduction
1.2 Global Water Electrolysis Market Size Forecast
1.2.1 Global Water Electrolysis Sales Value (2019-2030)
1.2.2 Global Water Electrolysis Sales Volume (2019-2030)
1.2.3 Global Water Electrolysis Sales Price (2019-2030)
1.3 Water Electrolysis Market Trends & Drivers
1.3.1 Water Electrolysis Industry Trends
1.3.2 Water Electrolysis Market Drivers & Opportunity
1.3.3 Water Electrolysis Market Challenges
1.3.4 Water Electrolysis Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Water Electrolysis Players Revenue Ranking (2023)
2.2 Global Water Electrolysis Revenue by Company (2019-2024)
2.3 Global Water Electrolysis Players Sales Volume Ranking (2023)
2.4 Global Water Electrolysis Sales Volume by Company Players (2019-2024)
2.5 Global Water Electrolysis Average Price by Company (2019-2024)
2.6 Key Manufacturers Water Electrolysis Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Water Electrolysis Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Water Electrolysis
2.9 Water Electrolysis Market Competitive Analysis
2.9.1 Water Electrolysis Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Water Electrolysis Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Water Electrolysis as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Traditional Alkaline Electroliser
3.1.2 PEM Electroliser
3.2 Global Water Electrolysis Sales Value by Type
3.2.1 Global Water Electrolysis Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Water Electrolysis Sales Value, by Type (2019-2030)
3.2.3 Global Water Electrolysis Sales Value, by Type (%) (2019-2030)
3.3 Global Water Electrolysis Sales Volume by Type
3.3.1 Global Water Electrolysis Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Water Electrolysis Sales Volume, by Type (2019-2030)
3.3.3 Global Water Electrolysis Sales Volume, by Type (%) (2019-2030)
3.4 Global Water Electrolysis Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Plants
4.1.2 Steel Plant
4.1.3 Electronics and Photovoltaics
4.1.4 Industrial Gases
4.1.5 Energy Storage or Fueling for FCEV's
4.1.6 Power to Gas
4.1.7 Others
4.2 Global Water Electrolysis Sales Value by Application
4.2.1 Global Water Electrolysis Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Water Electrolysis Sales Value, by Application (2019-2030)
4.2.3 Global Water Electrolysis Sales Value, by Application (%) (2019-2030)
4.3 Global Water Electrolysis Sales Volume by Application
4.3.1 Global Water Electrolysis Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Water Electrolysis Sales Volume, by Application (2019-2030)
4.3.3 Global Water Electrolysis Sales Volume, by Application (%) (2019-2030)
4.4 Global Water Electrolysis Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Water Electrolysis Sales Value by Region
5.1.1 Global Water Electrolysis Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Water Electrolysis Sales Value by Region (2019-2024)
5.1.3 Global Water Electrolysis Sales Value by Region (2025-2030)
5.1.4 Global Water Electrolysis Sales Value by Region (%), (2019-2030)
5.2 Global Water Electrolysis Sales Volume by Region
5.2.1 Global Water Electrolysis Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Water Electrolysis Sales Volume by Region (2019-2024)
5.2.3 Global Water Electrolysis Sales Volume by Region (2025-2030)
5.2.4 Global Water Electrolysis Sales Volume by Region (%), (2019-2030)
5.3 Global Water Electrolysis Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Water Electrolysis Sales Value, 2019-2030
5.4.2 North America Water Electrolysis Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Water Electrolysis Sales Value, 2019-2030
5.5.2 Europe Water Electrolysis Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Water Electrolysis Sales Value, 2019-2030
5.6.2 Asia Pacific Water Electrolysis Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Water Electrolysis Sales Value, 2019-2030
5.7.2 South America Water Electrolysis Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Water Electrolysis Sales Value, 2019-2030
5.8.2 Middle East & Africa Water Electrolysis Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Water Electrolysis Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Water Electrolysis Sales Value
6.2.1 Key Countries/Regions Water Electrolysis Sales Value, 2019-2030
6.2.2 Key Countries/Regions Water Electrolysis Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Water Electrolysis Sales Value, 2019-2030
6.3.2 United States Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Water Electrolysis Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Water Electrolysis Sales Value, 2019-2030
6.4.2 Europe Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Water Electrolysis Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Water Electrolysis Sales Value, 2019-2030
6.5.2 China Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.5.3 China Water Electrolysis Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Water Electrolysis Sales Value, 2019-2030
6.6.2 Japan Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Water Electrolysis Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Water Electrolysis Sales Value, 2019-2030
6.7.2 South Korea Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Water Electrolysis Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Water Electrolysis Sales Value, 2019-2030
6.8.2 Southeast Asia Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Water Electrolysis Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Water Electrolysis Sales Value, 2019-2030
6.9.2 India Water Electrolysis Sales Value by Type (%), 2023 VS 2030
6.9.3 India Water Electrolysis Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 718th Research Institute of CSIC
7.1.1 718th Research Institute of CSIC Company Information
7.1.2 718th Research Institute of CSIC Introduction and Business Overview
7.1.3 718th Research Institute of CSIC Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.1.4 718th Research Institute of CSIC Water Electrolysis Product Offerings
7.1.5 718th Research Institute of CSIC Recent Development
7.2 Proton On-Site
7.2.1 Proton On-Site Company Information
7.2.2 Proton On-Site Introduction and Business Overview
7.2.3 Proton On-Site Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Proton On-Site Water Electrolysis Product Offerings
7.2.5 Proton On-Site Recent Development
7.3 Hydrogenics
7.3.1 Hydrogenics Company Information
7.3.2 Hydrogenics Introduction and Business Overview
7.3.3 Hydrogenics Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Hydrogenics Water Electrolysis Product Offerings
7.3.5 Hydrogenics Recent Development
7.4 Teledyne Energy Systems
7.4.1 Teledyne Energy Systems Company Information
7.4.2 Teledyne Energy Systems Introduction and Business Overview
7.4.3 Teledyne Energy Systems Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Teledyne Energy Systems Water Electrolysis Product Offerings
7.4.5 Teledyne Energy Systems Recent Development
7.5 Suzhou Jingli
7.5.1 Suzhou Jingli Company Information
7.5.2 Suzhou Jingli Introduction and Business Overview
7.5.3 Suzhou Jingli Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Suzhou Jingli Water Electrolysis Product Offerings
7.5.5 Suzhou Jingli Recent Development
7.6 McPhy
7.6.1 McPhy Company Information
7.6.2 McPhy Introduction and Business Overview
7.6.3 McPhy Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.6.4 McPhy Water Electrolysis Product Offerings
7.6.5 McPhy Recent Development
7.7 TianJin Mainland
7.7.1 TianJin Mainland Company Information
7.7.2 TianJin Mainland Introduction and Business Overview
7.7.3 TianJin Mainland Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.7.4 TianJin Mainland Water Electrolysis Product Offerings
7.7.5 TianJin Mainland Recent Development
7.8 Siemens
7.8.1 Siemens Company Information
7.8.2 Siemens Introduction and Business Overview
7.8.3 Siemens Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Siemens Water Electrolysis Product Offerings
7.8.5 Siemens Recent Development
7.9 Nel Hydrogen
7.9.1 Nel Hydrogen Company Information
7.9.2 Nel Hydrogen Introduction and Business Overview
7.9.3 Nel Hydrogen Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Nel Hydrogen Water Electrolysis Product Offerings
7.9.5 Nel Hydrogen Recent Development
7.10 Toshiba
7.10.1 Toshiba Company Information
7.10.2 Toshiba Introduction and Business Overview
7.10.3 Toshiba Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Toshiba Water Electrolysis Product Offerings
7.10.5 Toshiba Recent Development
7.11 Yangzhou Chungdean Hydrogen Equipment
7.11.1 Yangzhou Chungdean Hydrogen Equipment Company Information
7.11.2 Yangzhou Chungdean Hydrogen Equipment Introduction and Business Overview
7.11.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Product Offerings
7.11.5 Yangzhou Chungdean Hydrogen Equipment Recent Development
7.12 Areva H2gen
7.12.1 Areva H2gen Company Information
7.12.2 Areva H2gen Introduction and Business Overview
7.12.3 Areva H2gen Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Areva H2gen Water Electrolysis Product Offerings
7.12.5 Areva H2gen Recent Development
7.13 ITM Power
7.13.1 ITM Power Company Information
7.13.2 ITM Power Introduction and Business Overview
7.13.3 ITM Power Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.13.4 ITM Power Water Electrolysis Product Offerings
7.13.5 ITM Power Recent Development
7.14 Idroenergy Spa
7.14.1 Idroenergy Spa Company Information
7.14.2 Idroenergy Spa Introduction and Business Overview
7.14.3 Idroenergy Spa Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Idroenergy Spa Water Electrolysis Product Offerings
7.14.5 Idroenergy Spa Recent Development
7.15 Erredue SpA
7.15.1 Erredue SpA Company Information
7.15.2 Erredue SpA Introduction and Business Overview
7.15.3 Erredue SpA Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Erredue SpA Water Electrolysis Product Offerings
7.15.5 Erredue SpA Recent Development
7.16 Kobelco Eco-Solutions
7.16.1 Kobelco Eco-Solutions Company Information
7.16.2 Kobelco Eco-Solutions Introduction and Business Overview
7.16.3 Kobelco Eco-Solutions Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.16.4 Kobelco Eco-Solutions Water Electrolysis Product Offerings
7.16.5 Kobelco Eco-Solutions Recent Development
7.17 ShaanXi HuaQin
7.17.1 ShaanXi HuaQin Company Information
7.17.2 ShaanXi HuaQin Introduction and Business Overview
7.17.3 ShaanXi HuaQin Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.17.4 ShaanXi HuaQin Water Electrolysis Product Offerings
7.17.5 ShaanXi HuaQin Recent Development
7.18 EM Solution
7.18.1 EM Solution Company Information
7.18.2 EM Solution Introduction and Business Overview
7.18.3 EM Solution Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.18.4 EM Solution Water Electrolysis Product Offerings
7.18.5 EM Solution Recent Development
7.19 Beijing Zhongdian
7.19.1 Beijing Zhongdian Company Information
7.19.2 Beijing Zhongdian Introduction and Business Overview
7.19.3 Beijing Zhongdian Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.19.4 Beijing Zhongdian Water Electrolysis Product Offerings
7.19.5 Beijing Zhongdian Recent Development
7.20 H2B2
7.20.1 H2B2 Company Information
7.20.2 H2B2 Introduction and Business Overview
7.20.3 H2B2 Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.20.4 H2B2 Water Electrolysis Product Offerings
7.20.5 H2B2 Recent Development
7.21 Elchemtech
7.21.1 Elchemtech Company Information
7.21.2 Elchemtech Introduction and Business Overview
7.21.3 Elchemtech Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.21.4 Elchemtech Water Electrolysis Product Offerings
7.21.5 Elchemtech Recent Development
7.22 Asahi Kasei
7.22.1 Asahi Kasei Company Information
7.22.2 Asahi Kasei Introduction and Business Overview
7.22.3 Asahi Kasei Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.22.4 Asahi Kasei Water Electrolysis Product Offerings
7.22.5 Asahi Kasei Recent Development
7.23 Verde LLC
7.23.1 Verde LLC Company Information
7.23.2 Verde LLC Introduction and Business Overview
7.23.3 Verde LLC Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.23.4 Verde LLC Water Electrolysis Product Offerings
7.23.5 Verde LLC Recent Development
7.24 Thyssenkrupp
7.24.1 Thyssenkrupp Company Information
7.24.2 Thyssenkrupp Introduction and Business Overview
7.24.3 Thyssenkrupp Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.24.4 Thyssenkrupp Water Electrolysis Product Offerings
7.24.5 Thyssenkrupp Recent Development
7.25 Cummins
7.25.1 Cummins Company Information
7.25.2 Cummins Introduction and Business Overview
7.25.3 Cummins Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.25.4 Cummins Water Electrolysis Product Offerings
7.25.5 Cummins Recent Development
7.26 Elogen
7.26.1 Elogen Company Information
7.26.2 Elogen Introduction and Business Overview
7.26.3 Elogen Water Electrolysis Sales, Revenue and Gross Margin (2019-2024)
7.26.4 Elogen Water Electrolysis Product Offerings
7.26.5 Elogen Recent Development
8 Industry Chain Analysis
8.1 Water Electrolysis Industrial Chain
8.2 Water Electrolysis Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Water Electrolysis Sales Model
8.5.2 Sales Channel
8.5.3 Water Electrolysis Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
718th Research Institute of CSIC
Proton On-Site
Hydrogenics
Teledyne Energy Systems
Suzhou Jingli
McPhy
TianJin Mainland
Siemens
Nel Hydrogen
Toshiba
Yangzhou Chungdean Hydrogen Equipment
Areva H2gen
ITM Power
Idroenergy Spa
Erredue SpA
Kobelco Eco-Solutions
ShaanXi HuaQin
EM Solution
Beijing Zhongdian
H2B2
Elchemtech
Asahi Kasei
Verde LLC
Thyssenkrupp
Cummins
Elogen
*If Applicable.