Abstract
Summary
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?
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?
Table of Contents
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