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.
LPI (LP Information)' newest research report, the “Water Electrolysis Equipment Industry Forecast” looks at past sales and reviews total world Water Electrolysis Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Water Electrolysis Equipment sales for 2023 through 2029. With Water Electrolysis Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Water Electrolysis Equipment industry.
This Insight Report provides a comprehensive analysis of the global Water Electrolysis Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Water Electrolysis Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Water Electrolysis Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Water Electrolysis Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Water Electrolysis Equipment.
The global Water Electrolysis Equipment market size is projected to grow from US$ 214.4 million in 2022 to US$ 475 million in 2029; it is expected to grow at a CAGR of 475 from 2023 to 2029.
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.
This report presents a comprehensive overview, market shares, and growth opportunities of Water Electrolysis Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Traditional Alkaline Electroliser
PEM Electroliser
Segmentation by application
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Water Electrolysis Equipment market?
What factors are driving Water Electrolysis Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Water Electrolysis Equipment market opportunities vary by end market size?
How does Water Electrolysis Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Water Electrolysis Equipment Annual Sales 2018-2029 2.1.2 World Current & Future Analysis for Water Electrolysis Equipment by Geographic Region, 2018, 2022 & 2029 2.1.3 World Current & Future Analysis for Water Electrolysis Equipment by Country/Region, 2018, 2022 & 2029 2.2 Water Electrolysis Equipment Segment by Type 2.2.1 Traditional Alkaline Electroliser 2.2.2 PEM Electroliser 2.3 Water Electrolysis Equipment Sales by Type 2.3.1 Global Water Electrolysis Equipment Sales Market Share by Type (2018-2023) 2.3.2 Global Water Electrolysis Equipment Revenue and Market Share by Type (2018-2023) 2.3.3 Global Water Electrolysis Equipment Sale Price by Type (2018-2023) 2.4 Water Electrolysis Equipment Segment by Application 2.4.1 Power Plants 2.4.2 Steel Plant 2.4.3 Electronics and Photovoltaics 2.4.4 Industrial Gases 2.4.5 Energy Storage or Fueling for FCEV's 2.4.6 Power to Gas 2.4.7 Others 2.5 Water Electrolysis Equipment Sales by Application 2.5.1 Global Water Electrolysis Equipment Sale Market Share by Application (2018-2023) 2.5.2 Global Water Electrolysis Equipment Revenue and Market Share by Application (2018-2023) 2.5.3 Global Water Electrolysis Equipment Sale Price by Application (2018-2023) 3 Global Water Electrolysis Equipment by Company 3.1 Global Water Electrolysis Equipment Breakdown Data by Company 3.1.1 Global Water Electrolysis Equipment Annual Sales by Company (2018-2023) 3.1.2 Global Water Electrolysis Equipment Sales Market Share by Company (2018-2023) 3.2 Global Water Electrolysis Equipment Annual Revenue by Company (2018-2023) 3.2.1 Global Water Electrolysis Equipment Revenue by Company (2018-2023) 3.2.2 Global Water Electrolysis Equipment Revenue Market Share by Company (2018-2023) 3.3 Global Water Electrolysis Equipment Sale Price by Company 3.4 Key Manufacturers Water Electrolysis Equipment Producing Area Distribution, Sales Area, Product Type 3.4.1 Key Manufacturers Water Electrolysis Equipment Product Location Distribution 3.4.2 Players Water Electrolysis Equipment Products Offered 3.5 Market Concentration Rate Analysis 3.5.1 Competition Landscape Analysis 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023) 3.6 New Products and Potential Entrants 3.7 Mergers & Acquisitions, Expansion 4 World Historic Review for Water Electrolysis Equipment by Geographic Region 4.1 World Historic Water Electrolysis Equipment Market Size by Geographic Region (2018-2023) 4.1.1 Global Water Electrolysis Equipment Annual Sales by Geographic Region (2018-2023) 4.1.2 Global Water Electrolysis Equipment Annual Revenue by Geographic Region (2018-2023) 4.2 World Historic Water Electrolysis Equipment Market Size by Country/Region (2018-2023) 4.2.1 Global Water Electrolysis Equipment Annual Sales by Country/Region (2018-2023) 4.2.2 Global Water Electrolysis Equipment Annual Revenue by Country/Region (2018-2023) 4.3 Americas Water Electrolysis Equipment Sales Growth 4.4 APAC Water Electrolysis Equipment Sales Growth 4.5 Europe Water Electrolysis Equipment Sales Growth 4.6 Middle East & Africa Water Electrolysis Equipment Sales Growth 5 Americas 5.1 Americas Water Electrolysis Equipment Sales by Country 5.1.1 Americas Water Electrolysis Equipment Sales by Country (2018-2023) 5.1.2 Americas Water Electrolysis Equipment Revenue by Country (2018-2023) 5.2 Americas Water Electrolysis Equipment Sales by Type 5.3 Americas Water Electrolysis Equipment Sales by Application 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Water Electrolysis Equipment Sales by Region 6.1.1 APAC Water Electrolysis Equipment Sales by Region (2018-2023) 6.1.2 APAC Water Electrolysis Equipment Revenue by Region (2018-2023) 6.2 APAC Water Electrolysis Equipment Sales by Type 6.3 APAC Water Electrolysis Equipment Sales by Application 6.4 China 6.5 Japan 6.6 South Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 6.10 China Taiwan 7 Europe 7.1 Europe Water Electrolysis Equipment by Country 7.1.1 Europe Water Electrolysis Equipment Sales by Country (2018-2023) 7.1.2 Europe Water Electrolysis Equipment Revenue by Country (2018-2023) 7.2 Europe Water Electrolysis Equipment Sales by Type 7.3 Europe Water Electrolysis Equipment Sales by Application 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Water Electrolysis Equipment by Country 8.1.1 Middle East & Africa Water Electrolysis Equipment Sales by Country (2018-2023) 8.1.2 Middle East & Africa Water Electrolysis Equipment Revenue by Country (2018-2023) 8.2 Middle East & Africa Water Electrolysis Equipment Sales by Type 8.3 Middle East & Africa Water Electrolysis Equipment Sales by Application 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Manufacturing Cost Structure Analysis 10.1 Raw Material and Suppliers 10.2 Manufacturing Cost Structure Analysis of Water Electrolysis Equipment 10.3 Manufacturing Process Analysis of Water Electrolysis Equipment 10.4 Industry Chain Structure of Water Electrolysis Equipment 11 Marketing, Distributors and Customer 11.1 Sales Channel 11.1.1 Direct Channels 11.1.2 Indirect Channels 11.2 Water Electrolysis Equipment Distributors 11.3 Water Electrolysis Equipment Customer 12 World Forecast Review for Water Electrolysis Equipment by Geographic Region 12.1 Global Water Electrolysis Equipment Market Size Forecast by Region 12.1.1 Global Water Electrolysis Equipment Forecast by Region (2024-2029) 12.1.2 Global Water Electrolysis Equipment Annual Revenue Forecast by Region (2024-2029) 12.2 Americas Forecast by Country 12.3 APAC Forecast by Region 12.4 Europe Forecast by Country 12.5 Middle East & Africa Forecast by Country 12.6 Global Water Electrolysis Equipment Forecast by Type 12.7 Global Water Electrolysis Equipment Forecast by Application 13 Key Players Analysis 13.1 718th Research Institute of CSIC 13.1.1 718th Research Institute of CSIC Company Information 13.1.2 718th Research Institute of CSIC Water Electrolysis Equipment Product Portfolios and Specifications 13.1.3 718th Research Institute of CSIC Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.1.4 718th Research Institute of CSIC Main Business Overview 13.1.5 718th Research Institute of CSIC Latest Developments 13.2 Suzhou Jingli 13.2.1 Suzhou Jingli Company Information 13.2.2 Suzhou Jingli Water Electrolysis Equipment Product Portfolios and Specifications 13.2.3 Suzhou Jingli Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.2.4 Suzhou Jingli Main Business Overview 13.2.5 Suzhou Jingli Latest Developments 13.3 Proton On-Site 13.3.1 Proton On-Site Company Information 13.3.2 Proton On-Site Water Electrolysis Equipment Product Portfolios and Specifications 13.3.3 Proton On-Site Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.3.4 Proton On-Site Main Business Overview 13.3.5 Proton On-Site Latest Developments 13.4 Cummins 13.4.1 Cummins Company Information 13.4.2 Cummins Water Electrolysis Equipment Product Portfolios and Specifications 13.4.3 Cummins Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.4.4 Cummins Main Business Overview 13.4.5 Cummins Latest Developments 13.5 Siemens 13.5.1 Siemens Company Information 13.5.2 Siemens Water Electrolysis Equipment Product Portfolios and Specifications 13.5.3 Siemens Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.5.4 Siemens Main Business Overview 13.5.5 Siemens Latest Developments 13.6 Teledyne Energy Systems 13.6.1 Teledyne Energy Systems Company Information 13.6.2 Teledyne Energy Systems Water Electrolysis Equipment Product Portfolios and Specifications 13.6.3 Teledyne Energy Systems Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.6.4 Teledyne Energy Systems Main Business Overview 13.6.5 Teledyne Energy Systems Latest Developments 13.7 EM Solution 13.7.1 EM Solution Company Information 13.7.2 EM Solution Water Electrolysis Equipment Product Portfolios and Specifications 13.7.3 EM Solution Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.7.4 EM Solution Main Business Overview 13.7.5 EM Solution Latest Developments 13.8 McPhy 13.8.1 McPhy Company Information 13.8.2 McPhy Water Electrolysis Equipment Product Portfolios and Specifications 13.8.3 McPhy Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.8.4 McPhy Main Business Overview 13.8.5 McPhy Latest Developments 13.9 Nel Hydrogen 13.9.1 Nel Hydrogen Company Information 13.9.2 Nel Hydrogen Water Electrolysis Equipment Product Portfolios and Specifications 13.9.3 Nel Hydrogen Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.9.4 Nel Hydrogen Main Business Overview 13.9.5 Nel Hydrogen Latest Developments 13.10 Toshiba 13.10.1 Toshiba Company Information 13.10.2 Toshiba Water Electrolysis Equipment Product Portfolios and Specifications 13.10.3 Toshiba Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.10.4 Toshiba Main Business Overview 13.10.5 Toshiba Latest Developments 13.11 TianJin Mainland 13.11.1 TianJin Mainland Company Information 13.11.2 TianJin Mainland Water Electrolysis Equipment Product Portfolios and Specifications 13.11.3 TianJin Mainland Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.11.4 TianJin Mainland Main Business Overview 13.11.5 TianJin Mainland Latest Developments 13.12 Yangzhou Chungdean Hydrogen Equipment 13.12.1 Yangzhou Chungdean Hydrogen Equipment Company Information 13.12.2 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Equipment Product Portfolios and Specifications 13.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.12.4 Yangzhou Chungdean Hydrogen Equipment Main Business Overview 13.12.5 Yangzhou Chungdean Hydrogen Equipment Latest Developments 13.13 Elogen 13.13.1 Elogen Company Information 13.13.2 Elogen Water Electrolysis Equipment Product Portfolios and Specifications 13.13.3 Elogen Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.13.4 Elogen Main Business Overview 13.13.5 Elogen Latest Developments 13.14 Erredue SpA 13.14.1 Erredue SpA Company Information 13.14.2 Erredue SpA Water Electrolysis Equipment Product Portfolios and Specifications 13.14.3 Erredue SpA Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.14.4 Erredue SpA Main Business Overview 13.14.5 Erredue SpA Latest Developments 13.15 Kobelco Eco-Solutions 13.15.1 Kobelco Eco-Solutions Company Information 13.15.2 Kobelco Eco-Solutions Water Electrolysis Equipment Product Portfolios and Specifications 13.15.3 Kobelco Eco-Solutions Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.15.4 Kobelco Eco-Solutions Main Business Overview 13.15.5 Kobelco Eco-Solutions Latest Developments 13.16 ITM Power 13.16.1 ITM Power Company Information 13.16.2 ITM Power Water Electrolysis Equipment Product Portfolios and Specifications 13.16.3 ITM Power Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.16.4 ITM Power Main Business Overview 13.16.5 ITM Power Latest Developments 13.17 Idroenergy Spa 13.17.1 Idroenergy Spa Company Information 13.17.2 Idroenergy Spa Water Electrolysis Equipment Product Portfolios and Specifications 13.17.3 Idroenergy Spa Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.17.4 Idroenergy Spa Main Business Overview 13.17.5 Idroenergy Spa Latest Developments 13.18 ShaanXi HuaQin 13.18.1 ShaanXi HuaQin Company Information 13.18.2 ShaanXi HuaQin Water Electrolysis Equipment Product Portfolios and Specifications 13.18.3 ShaanXi HuaQin Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.18.4 ShaanXi HuaQin Main Business Overview 13.18.5 ShaanXi HuaQin Latest Developments 13.19 Beijing Zhongdian 13.19.1 Beijing Zhongdian Company Information 13.19.2 Beijing Zhongdian Water Electrolysis Equipment Product Portfolios and Specifications 13.19.3 Beijing Zhongdian Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.19.4 Beijing Zhongdian Main Business Overview 13.19.5 Beijing Zhongdian Latest Developments 13.20 Elchemtech 13.20.1 Elchemtech Company Information 13.20.2 Elchemtech Water Electrolysis Equipment Product Portfolios and Specifications 13.20.3 Elchemtech Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.20.4 Elchemtech Main Business Overview 13.20.5 Elchemtech Latest Developments 13.21 H2B2 13.21.1 H2B2 Company Information 13.21.2 H2B2 Water Electrolysis Equipment Product Portfolios and Specifications 13.21.3 H2B2 Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.21.4 H2B2 Main Business Overview 13.21.5 H2B2 Latest Developments 13.22 Verde LLC 13.22.1 Verde LLC Company Information 13.22.2 Verde LLC Water Electrolysis Equipment Product Portfolios and Specifications 13.22.3 Verde LLC Water Electrolysis Equipment Sales, Revenue, Price and Gross Margin (2018-2023) 13.22.4 Verde LLC Main Business Overview 13.22.5 Verde LLC Latest Developments 14 Research Findings and Conclusion