The global Water Electrolysis market was valued at US$ 444.7 million in 2022 and is projected to reach US$ 3621.4 million by 2029, at a CAGR of 34.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of water electrolysis include 718th Research Institute of CSIC and Proton On-Site. The top two players hold a share about 26%. The global origin is mainly located in North America, Europe, China, Japan and Korea. In terms of product, traditional alkaline electroliser is the largest segment, with a share about 70%. And in terms of application, the largest application is energy storage or fueling for FCEV's, with a share about 26%.
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.
This report aims to provide a comprehensive presentation of the global market for Water Electrolysis, 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. This report contains market size and forecasts of Water Electrolysis in global, including the following market information:
Global Water Electrolysis Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Water Electrolysis Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Water Electrolysis companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Water Electrolysis manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Water Electrolysis Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Water Electrolysis Market Segment Percentages, by Type, 2022 (%)
Traditional Alkaline Electroliser
PEM Electroliser
Global Water Electrolysis Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Water Electrolysis Market Segment Percentages, by Application, 2022 (%)
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others
Global Water Electrolysis Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Water Electrolysis Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Water Electrolysis revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Water Electrolysis revenues share in global market, 2022 (%)
Key companies Water Electrolysis sales in global market, 2018-2023 (Estimated), (Units)
Key companies Water Electrolysis sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
718th Research Institute of CSIC
Suzhou Jingli
Proton On-Site
Cummins
Siemens
Teledyne Energy Systems
EM Solution
McPhy
Nel Hydrogen
Toshiba
TianJin Mainland
Yangzhou Chungdean Hydrogen Equipment
Elogen
Erredue SpA
Kobelco Eco-Solutions
ITM Power
Idroenergy Spa
ShaanXi HuaQin
Beijing Zhongdian
Elchemtech
H2B2
Verde LLC
Outline of Major Chapters:
Chapter 1: Introduces the definition of Water Electrolysis, market overview.
Chapter 2: Global Water Electrolysis market size in revenue and volume.
Chapter 3: Detailed analysis of Water Electrolysis manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6: Sales of Water Electrolysis in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
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: Global Water Electrolysis capacity by region & country.
Chapter 9: Introduces 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 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 Water Electrolysis Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Water Electrolysis Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Water Electrolysis Overall Market Size
2.1 Global Water Electrolysis Market Size: 2022 VS 2029
2.2 Global Water Electrolysis Revenue, Prospects & Forecasts: 2018-2029
2.3 Global Water Electrolysis Sales: 2018-2029
3 Company Landscape
3.1 Top Water Electrolysis Players in Global Market
3.2 Top Global Water Electrolysis Companies Ranked by Revenue
3.3 Global Water Electrolysis Revenue by Companies
3.4 Global Water Electrolysis Sales by Companies
3.5 Global Water Electrolysis Price by Manufacturer (2018-2023)
3.6 Top 3 and Top 5 Water Electrolysis Companies in Global Market, by Revenue in 2022
3.7 Global Manufacturers Water Electrolysis Product Type
3.8 Tier 1, Tier 2 and Tier 3 Water Electrolysis Players in Global Market
3.8.1 List of Global Tier 1 Water Electrolysis Companies
3.8.2 List of Global Tier 2 and Tier 3 Water Electrolysis Companies
4 Sights by Product
4.1 Overview
4.1.1 By Type - Global Water Electrolysis Market Size Markets, 2022 & 2029
4.1.2 Traditional Alkaline Electroliser
4.1.3 PEM Electroliser
4.2 By Type - Global Water Electrolysis Revenue & Forecasts
4.2.1 By Type - Global Water Electrolysis Revenue, 2018-2023
4.2.2 By Type - Global Water Electrolysis Revenue, 2024-2029
4.2.3 By Type - Global Water Electrolysis Revenue Market Share, 2018-2029
4.3 By Type - Global Water Electrolysis Sales & Forecasts
4.3.1 By Type - Global Water Electrolysis Sales, 2018-2023
4.3.2 By Type - Global Water Electrolysis Sales, 2024-2029
4.3.3 By Type - Global Water Electrolysis Sales Market Share, 2018-2029
4.4 By Type - Global Water Electrolysis Price (Manufacturers Selling Prices), 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Water Electrolysis Market Size, 2022 & 2029
5.1.2 Power Plants
5.1.3 Steel Plant
5.1.4 Electronics and Photovoltaics
5.1.5 Industrial Gases
5.1.6 Energy Storage or Fueling for FCEV's
5.1.7 Power to Gas
5.1.8 Others
5.2 By Application - Global Water Electrolysis Revenue & Forecasts
5.2.1 By Application - Global Water Electrolysis Revenue, 2018-2023
5.2.2 By Application - Global Water Electrolysis Revenue, 2024-2029
5.2.3 By Application - Global Water Electrolysis Revenue Market Share, 2018-2029
5.3 By Application - Global Water Electrolysis Sales & Forecasts
5.3.1 By Application - Global Water Electrolysis Sales, 2018-2023
5.3.2 By Application - Global Water Electrolysis Sales, 2024-2029
5.3.3 By Application - Global Water Electrolysis Sales Market Share, 2018-2029
5.4 By Application - Global Water Electrolysis Price (Manufacturers Selling Prices), 2018-2029
6 Sights by Region
6.1 By Region - Global Water Electrolysis Market Size, 2022 & 2029
6.2 By Region - Global Water Electrolysis Revenue & Forecasts
6.2.1 By Region - Global Water Electrolysis Revenue, 2018-2023
6.2.2 By Region - Global Water Electrolysis Revenue, 2024-2029
6.2.3 By Region - Global Water Electrolysis Revenue Market Share, 2018-2029
6.3 By Region - Global Water Electrolysis Sales & Forecasts
6.3.1 By Region - Global Water Electrolysis Sales, 2018-2023
6.3.2 By Region - Global Water Electrolysis Sales, 2024-2029
6.3.3 By Region - Global Water Electrolysis Sales Market Share, 2018-2029
6.4 North America
6.4.1 By Country - North America Water Electrolysis Revenue, 2018-2029
6.4.2 By Country - North America Water Electrolysis Sales, 2018-2029
6.4.3 US Water Electrolysis Market Size, 2018-2029
6.4.4 Canada Water Electrolysis Market Size, 2018-2029
6.4.5 Mexico Water Electrolysis Market Size, 2018-2029
6.5 Europe
6.5.1 By Country - Europe Water Electrolysis Revenue, 2018-2029
6.5.2 By Country - Europe Water Electrolysis Sales, 2018-2029
6.5.3 Germany Water Electrolysis Market Size, 2018-2029
6.5.4 France Water Electrolysis Market Size, 2018-2029
6.5.5 U.K. Water Electrolysis Market Size, 2018-2029
6.5.6 Italy Water Electrolysis Market Size, 2018-2029
6.5.7 Russia Water Electrolysis Market Size, 2018-2029
6.5.8 Nordic Countries Water Electrolysis Market Size, 2018-2029
6.5.9 Benelux Water Electrolysis Market Size, 2018-2029
6.6 Asia
6.6.1 By Region - Asia Water Electrolysis Revenue, 2018-2029
6.6.2 By Region - Asia Water Electrolysis Sales, 2018-2029
6.6.3 China Water Electrolysis Market Size, 2018-2029
6.6.4 Japan Water Electrolysis Market Size, 2018-2029
6.6.5 South Korea Water Electrolysis Market Size, 2018-2029
6.6.6 Southeast Asia Water Electrolysis Market Size, 2018-2029
6.6.7 India Water Electrolysis Market Size, 2018-2029
6.7 South America
6.7.1 By Country - South America Water Electrolysis Revenue, 2018-2029
6.7.2 By Country - South America Water Electrolysis Sales, 2018-2029
6.7.3 Brazil Water Electrolysis Market Size, 2018-2029
6.7.4 Argentina Water Electrolysis Market Size, 2018-2029
6.8 Middle East & Africa
6.8.1 By Country - Middle East & Africa Water Electrolysis Revenue, 2018-2029
6.8.2 By Country - Middle East & Africa Water Electrolysis Sales, 2018-2029
6.8.3 Turkey Water Electrolysis Market Size, 2018-2029
6.8.4 Israel Water Electrolysis Market Size, 2018-2029
6.8.5 Saudi Arabia Water Electrolysis Market Size, 2018-2029
6.8.6 UAE Water Electrolysis Market Size, 2018-2029
7 Manufacturers & Brands Profiles
7.1 718th Research Institute of CSIC
7.1.1 718th Research Institute of CSIC Company Summary
7.1.2 718th Research Institute of CSIC Business Overview
7.1.3 718th Research Institute of CSIC Water Electrolysis Major Product Offerings
7.1.4 718th Research Institute of CSIC Water Electrolysis Sales and Revenue in Global (2018-2023)
7.1.5 718th Research Institute of CSIC Key News & Latest Developments
7.2 Suzhou Jingli
7.2.1 Suzhou Jingli Company Summary
7.2.2 Suzhou Jingli Business Overview
7.2.3 Suzhou Jingli Water Electrolysis Major Product Offerings
7.2.4 Suzhou Jingli Water Electrolysis Sales and Revenue in Global (2018-2023)
7.2.5 Suzhou Jingli Key News & Latest Developments
7.3 Proton On-Site
7.3.1 Proton On-Site Company Summary
7.3.2 Proton On-Site Business Overview
7.3.3 Proton On-Site Water Electrolysis Major Product Offerings
7.3.4 Proton On-Site Water Electrolysis Sales and Revenue in Global (2018-2023)
7.3.5 Proton On-Site Key News & Latest Developments
7.4 Cummins
7.4.1 Cummins Company Summary
7.4.2 Cummins Business Overview
7.4.3 Cummins Water Electrolysis Major Product Offerings
7.4.4 Cummins Water Electrolysis Sales and Revenue in Global (2018-2023)
7.4.5 Cummins Key News & Latest Developments
7.5 Siemens
7.5.1 Siemens Company Summary
7.5.2 Siemens Business Overview
7.5.3 Siemens Water Electrolysis Major Product Offerings
7.5.4 Siemens Water Electrolysis Sales and Revenue in Global (2018-2023)
7.5.5 Siemens Key News & Latest Developments
7.6 Teledyne Energy Systems
7.6.1 Teledyne Energy Systems Company Summary
7.6.2 Teledyne Energy Systems Business Overview
7.6.3 Teledyne Energy Systems Water Electrolysis Major Product Offerings
7.6.4 Teledyne Energy Systems Water Electrolysis Sales and Revenue in Global (2018-2023)
7.6.5 Teledyne Energy Systems Key News & Latest Developments
7.7 EM Solution
7.7.1 EM Solution Company Summary
7.7.2 EM Solution Business Overview
7.7.3 EM Solution Water Electrolysis Major Product Offerings
7.7.4 EM Solution Water Electrolysis Sales and Revenue in Global (2018-2023)
7.7.5 EM Solution Key News & Latest Developments
7.8 McPhy
7.8.1 McPhy Company Summary
7.8.2 McPhy Business Overview
7.8.3 McPhy Water Electrolysis Major Product Offerings
7.8.4 McPhy Water Electrolysis Sales and Revenue in Global (2018-2023)
7.8.5 McPhy Key News & Latest Developments
7.9 Nel Hydrogen
7.9.1 Nel Hydrogen Company Summary
7.9.2 Nel Hydrogen Business Overview
7.9.3 Nel Hydrogen Water Electrolysis Major Product Offerings
7.9.4 Nel Hydrogen Water Electrolysis Sales and Revenue in Global (2018-2023)
7.9.5 Nel Hydrogen Key News & Latest Developments
7.10 Toshiba
7.10.1 Toshiba Company Summary
7.10.2 Toshiba Business Overview
7.10.3 Toshiba Water Electrolysis Major Product Offerings
7.10.4 Toshiba Water Electrolysis Sales and Revenue in Global (2018-2023)
7.10.5 Toshiba Key News & Latest Developments
7.11 TianJin Mainland
7.11.1 TianJin Mainland Company Summary
7.11.2 TianJin Mainland Water Electrolysis Business Overview
7.11.3 TianJin Mainland Water Electrolysis Major Product Offerings
7.11.4 TianJin Mainland Water Electrolysis Sales and Revenue in Global (2018-2023)
7.11.5 TianJin Mainland Key News & Latest Developments
7.12 Yangzhou Chungdean Hydrogen Equipment
7.12.1 Yangzhou Chungdean Hydrogen Equipment Company Summary
7.12.2 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Business Overview
7.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Major Product Offerings
7.12.4 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Sales and Revenue in Global (2018-2023)
7.12.5 Yangzhou Chungdean Hydrogen Equipment Key News & Latest Developments
7.13 Elogen
7.13.1 Elogen Company Summary
7.13.2 Elogen Water Electrolysis Business Overview
7.13.3 Elogen Water Electrolysis Major Product Offerings
7.13.4 Elogen Water Electrolysis Sales and Revenue in Global (2018-2023)
7.13.5 Elogen Key News & Latest Developments
7.14 Erredue SpA
7.14.1 Erredue SpA Company Summary
7.14.2 Erredue SpA Business Overview
7.14.3 Erredue SpA Water Electrolysis Major Product Offerings
7.14.4 Erredue SpA Water Electrolysis Sales and Revenue in Global (2018-2023)
7.14.5 Erredue SpA Key News & Latest Developments
7.15 Kobelco Eco-Solutions
7.15.1 Kobelco Eco-Solutions Company Summary
7.15.2 Kobelco Eco-Solutions Business Overview
7.15.3 Kobelco Eco-Solutions Water Electrolysis Major Product Offerings
7.15.4 Kobelco Eco-Solutions Water Electrolysis Sales and Revenue in Global (2018-2023)
7.15.5 Kobelco Eco-Solutions Key News & Latest Developments
7.16 ITM Power
7.16.1 ITM Power Company Summary
7.16.2 ITM Power Business Overview
7.16.3 ITM Power Water Electrolysis Major Product Offerings
7.16.4 ITM Power Water Electrolysis Sales and Revenue in Global (2018-2023)
7.16.5 ITM Power Key News & Latest Developments
7.17 Idroenergy Spa
7.17.1 Idroenergy Spa Company Summary
7.17.2 Idroenergy Spa Business Overview
7.17.3 Idroenergy Spa Water Electrolysis Major Product Offerings
7.17.4 Idroenergy Spa Water Electrolysis Sales and Revenue in Global (2018-2023)
7.17.5 Idroenergy Spa Key News & Latest Developments
7.18 ShaanXi HuaQin
7.18.1 ShaanXi HuaQin Company Summary
7.18.2 ShaanXi HuaQin Business Overview
7.18.3 ShaanXi HuaQin Water Electrolysis Major Product Offerings
7.18.4 ShaanXi HuaQin Water Electrolysis Sales and Revenue in Global (2018-2023)
7.18.5 ShaanXi HuaQin Key News & Latest Developments
7.19 Beijing Zhongdian
7.19.1 Beijing Zhongdian Company Summary
7.19.2 Beijing Zhongdian Business Overview
7.19.3 Beijing Zhongdian Water Electrolysis Major Product Offerings
7.19.4 Beijing Zhongdian Water Electrolysis Sales and Revenue in Global (2018-2023)
7.19.5 Beijing Zhongdian Key News & Latest Developments
7.20 Elchemtech
7.20.1 Elchemtech Company Summary
7.20.2 Elchemtech Business Overview
7.20.3 Elchemtech Water Electrolysis Major Product Offerings
7.20.4 Elchemtech Water Electrolysis Sales and Revenue in Global (2018-2023)
7.20.5 Elchemtech Key News & Latest Developments
7.21 H2B2
7.21.1 H2B2 Company Summary
7.21.2 H2B2 Business Overview
7.21.3 H2B2 Water Electrolysis Major Product Offerings
7.21.4 H2B2 Water Electrolysis Sales and Revenue in Global (2018-2023)
7.21.5 H2B2 Key News & Latest Developments
7.22 Verde LLC
7.22.1 Verde LLC Company Summary
7.22.2 Verde LLC Business Overview
7.22.3 Verde LLC Water Electrolysis Major Product Offerings
7.22.4 Verde LLC Water Electrolysis Sales and Revenue in Global (2018-2023)
7.22.5 Verde LLC Key News & Latest Developments
8 Global Water Electrolysis Production Capacity, Analysis
8.1 Global Water Electrolysis Production Capacity, 2018-2029
8.2 Water Electrolysis Production Capacity of Key Manufacturers in Global Market
8.3 Global Water Electrolysis Production by Region
9 Key Market Trends, Opportunity, Drivers and Restraints
9.1 Market Opportunities & Trends
9.2 Market Drivers
9.3 Market Restraints
10 Water Electrolysis Supply Chain Analysis
10.1 Water Electrolysis Industry Value Chain
10.2 Water Electrolysis Upstream Market
10.3 Water Electrolysis Downstream and Clients
10.4 Marketing Channels Analysis
10.4.1 Marketing Channels
10.4.2 Water Electrolysis Distributors and Sales Agents in Global
11 Conclusion
12 Appendix
12.1 Note
12.2 Examples of Clients
12.3 Disclaimer
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