According to our (Global Info Research) latest study, the global Water Electrolysis Hydrogen Equipment market size was valued at USD 712.2 million in 2022 and is forecast to a readjusted size of USD 16440 million by 2029 with a CAGR of 56.6% during review period.
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.
Note: Electrolyzer stacks are typically sold on a standalone basis and the standalone selling price is the contractual price with the customer. Electrolyzer systems are sold either on a standalone basis or with an extended service agreement and other equipment. Reported statistics are based on electrolyser shipments, unless otherwise stated.
Global 5 largest manufacturers of Water Electrolysis Hydrogen Equipment are Plug Power, 718th Research Institute of CSIC, ThyssenKrupp, Cockerill Jingli Hydrogen and Shandong Saikesaisi Hydrogen Energy, which make up over 63%. Among them, Plug Power is the leader with about 30 % market share. Asia-Pacific is the largest market, with a share about 55%, followed by Europe and North America, with the share about 22% and 20%. In terms of product type, Alkaline Electrolyzer occupy the largest share of the total market, about 51%. And in terms of product Application, the largest application is Chemical Industry and Refining, followed by Power to Gas.
The Global Info Research report includes an overview of the development of the Water Electrolysis Hydrogen Equipment industry chain, the market status of Chemical Industry and Refining (PEM Electrolyzer, Alkaline Electrolyzer), Power to Gas (PEM Electrolyzer, Alkaline Electrolyzer), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Water Electrolysis Hydrogen Equipment.
Regionally, the report analyzes the Water Electrolysis Hydrogen Equipment markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Water Electrolysis Hydrogen Equipment market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Water Electrolysis Hydrogen Equipment market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Water Electrolysis Hydrogen Equipment industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MW), revenue generated, and market share of different by Type (e.g., PEM Electrolyzer, Alkaline Electrolyzer).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Water Electrolysis Hydrogen Equipment market.
Regional Analysis: The report involves examining the Water Electrolysis Hydrogen Equipment market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Water Electrolysis Hydrogen Equipment market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Water Electrolysis Hydrogen Equipment:
Company Analysis: Report covers individual Water Electrolysis Hydrogen Equipment manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Water Electrolysis Hydrogen Equipment This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Chemical Industry and Refining, Power to Gas).
Technology Analysis: Report covers specific technologies relevant to Water Electrolysis Hydrogen Equipment. It assesses the current state, advancements, and potential future developments in Water Electrolysis Hydrogen Equipment areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Water Electrolysis Hydrogen Equipment market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Water Electrolysis Hydrogen Equipment market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
PEM Electrolyzer
Alkaline Electrolyzer
Others
Market segment by Application
Chemical Industry and Refining
Power to Gas
Hydrogen Refueling Station
Power Industry
Electronics and Semiconductor
Steel Plant
Others
Major players covered
Plug Power
718th Research Institute of CSIC
Sungrow Power Supply
Longi Green Energy Technology
ThyssenKrupp
Nel Hydrogen
Cockerill Jingli Hydrogen
Hydrogen Pro
TianJin Mainland
SANY Hydrogen
Siemens
Yangzhou Chungdean Hydrogen Equipment
McPhy
Beijing Zhongdian
Cummins
Shandong Saikesaisi Hydrogen Energy
Shenzhen Kohodo Hydrogen Energy
CPU Hydrogen Power
H2B2
ShaanXi HuaQin
Sunfire
Teledyne Energy Systems
Jiangsu Guofu Hydrogen Energy Equipment
EM Solution
China NewGas Energy Technology
Toshiba
Elogen
ITM Power
Kobelco Eco-Solutions
Elchemtech
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Water Electrolysis Hydrogen Equipment product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Water Electrolysis Hydrogen Equipment, with price, sales, revenue and global market share of Water Electrolysis Hydrogen Equipment from 2018 to 2023.
Chapter 3, the Water Electrolysis Hydrogen Equipment competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Water Electrolysis Hydrogen Equipment breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Water Electrolysis Hydrogen Equipment market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Water Electrolysis Hydrogen Equipment.
Chapter 14 and 15, to describe Water Electrolysis Hydrogen Equipment sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Water Electrolysis Hydrogen Equipment. Industry analysis & Market Report on Water Electrolysis Hydrogen Equipment is a syndicated market report, published as Global Water Electrolysis Hydrogen Equipment Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Water Electrolysis Hydrogen Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.