Global Water Electrolysis Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029
1 Market Overview
- 1.1 Product Overview and Scope of Water Electrolysis
- 1.2 Market Estimation Caveats and Base Year
- 1.3 Market Analysis by Type
- 1.3.1 Overview: Global Water Electrolysis Consumption Value by Type: 2018 Versus 2022 Versus 2029
- 1.3.2 Traditional Alkaline Electroliser
- 1.3.3 PEM Electroliser
- 1.4 Market Analysis by Application
- 1.4.1 Overview: Global Water Electrolysis Consumption Value by Application: 2018 Versus 2022 Versus 2029
- 1.4.2 Power Plants
- 1.4.3 Steel Plant
- 1.4.4 Electronics and Photovoltaics
- 1.4.5 Industrial Gases
- 1.4.6 Energy Storage or Fueling for FCEV's
- 1.4.7 Power to Gas
- 1.4.8 Others
- 1.5 Global Water Electrolysis Market Size & Forecast
- 1.5.1 Global Water Electrolysis Consumption Value (2018 & 2022 & 2029)
- 1.5.2 Global Water Electrolysis Sales Quantity (2018-2029)
- 1.5.3 Global Water Electrolysis Average Price (2018-2029)
2 Manufacturers Profiles
- 2.1 718th Research Institute of CSIC
- 2.1.1 718th Research Institute of CSIC Details
- 2.1.2 718th Research Institute of CSIC Major Business
- 2.1.3 718th Research Institute of CSIC Water Electrolysis Product and Services
- 2.1.4 718th Research Institute of CSIC Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.1.5 718th Research Institute of CSIC Recent Developments/Updates
- 2.2 Suzhou Jingli
- 2.2.1 Suzhou Jingli Details
- 2.2.2 Suzhou Jingli Major Business
- 2.2.3 Suzhou Jingli Water Electrolysis Product and Services
- 2.2.4 Suzhou Jingli Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.2.5 Suzhou Jingli Recent Developments/Updates
- 2.3 Proton On-Site
- 2.3.1 Proton On-Site Details
- 2.3.2 Proton On-Site Major Business
- 2.3.3 Proton On-Site Water Electrolysis Product and Services
- 2.3.4 Proton On-Site Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.3.5 Proton On-Site Recent Developments/Updates
- 2.4 Cummins
- 2.4.1 Cummins Details
- 2.4.2 Cummins Major Business
- 2.4.3 Cummins Water Electrolysis Product and Services
- 2.4.4 Cummins Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.4.5 Cummins Recent Developments/Updates
- 2.5 Siemens
- 2.5.1 Siemens Details
- 2.5.2 Siemens Major Business
- 2.5.3 Siemens Water Electrolysis Product and Services
- 2.5.4 Siemens Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.5.5 Siemens Recent Developments/Updates
- 2.6 Teledyne Energy Systems
- 2.6.1 Teledyne Energy Systems Details
- 2.6.2 Teledyne Energy Systems Major Business
- 2.6.3 Teledyne Energy Systems Water Electrolysis Product and Services
- 2.6.4 Teledyne Energy Systems Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.6.5 Teledyne Energy Systems Recent Developments/Updates
- 2.7 EM Solution
- 2.7.1 EM Solution Details
- 2.7.2 EM Solution Major Business
- 2.7.3 EM Solution Water Electrolysis Product and Services
- 2.7.4 EM Solution Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.7.5 EM Solution Recent Developments/Updates
- 2.8 McPhy
- 2.8.1 McPhy Details
- 2.8.2 McPhy Major Business
- 2.8.3 McPhy Water Electrolysis Product and Services
- 2.8.4 McPhy Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.8.5 McPhy Recent Developments/Updates
- 2.9 Nel Hydrogen
- 2.9.1 Nel Hydrogen Details
- 2.9.2 Nel Hydrogen Major Business
- 2.9.3 Nel Hydrogen Water Electrolysis Product and Services
- 2.9.4 Nel Hydrogen Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.9.5 Nel Hydrogen Recent Developments/Updates
- 2.10 Toshiba
- 2.10.1 Toshiba Details
- 2.10.2 Toshiba Major Business
- 2.10.3 Toshiba Water Electrolysis Product and Services
- 2.10.4 Toshiba Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.10.5 Toshiba Recent Developments/Updates
- 2.11 TianJin Mainland
- 2.11.1 TianJin Mainland Details
- 2.11.2 TianJin Mainland Major Business
- 2.11.3 TianJin Mainland Water Electrolysis Product and Services
- 2.11.4 TianJin Mainland Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.11.5 TianJin Mainland Recent Developments/Updates
- 2.12 Yangzhou Chungdean Hydrogen Equipment
- 2.12.1 Yangzhou Chungdean Hydrogen Equipment Details
- 2.12.2 Yangzhou Chungdean Hydrogen Equipment Major Business
- 2.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Product and Services
- 2.12.4 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.12.5 Yangzhou Chungdean Hydrogen Equipment Recent Developments/Updates
- 2.13 Elogen
- 2.13.1 Elogen Details
- 2.13.2 Elogen Major Business
- 2.13.3 Elogen Water Electrolysis Product and Services
- 2.13.4 Elogen Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.13.5 Elogen Recent Developments/Updates
- 2.14 Erredue SpA
- 2.14.1 Erredue SpA Details
- 2.14.2 Erredue SpA Major Business
- 2.14.3 Erredue SpA Water Electrolysis Product and Services
- 2.14.4 Erredue SpA Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.14.5 Erredue SpA Recent Developments/Updates
- 2.15 Kobelco Eco-Solutions
- 2.15.1 Kobelco Eco-Solutions Details
- 2.15.2 Kobelco Eco-Solutions Major Business
- 2.15.3 Kobelco Eco-Solutions Water Electrolysis Product and Services
- 2.15.4 Kobelco Eco-Solutions Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.15.5 Kobelco Eco-Solutions Recent Developments/Updates
- 2.16 ITM Power
- 2.16.1 ITM Power Details
- 2.16.2 ITM Power Major Business
- 2.16.3 ITM Power Water Electrolysis Product and Services
- 2.16.4 ITM Power Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.16.5 ITM Power Recent Developments/Updates
- 2.17 Idroenergy Spa
- 2.17.1 Idroenergy Spa Details
- 2.17.2 Idroenergy Spa Major Business
- 2.17.3 Idroenergy Spa Water Electrolysis Product and Services
- 2.17.4 Idroenergy Spa Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.17.5 Idroenergy Spa Recent Developments/Updates
- 2.18 ShaanXi HuaQin
- 2.18.1 ShaanXi HuaQin Details
- 2.18.2 ShaanXi HuaQin Major Business
- 2.18.3 ShaanXi HuaQin Water Electrolysis Product and Services
- 2.18.4 ShaanXi HuaQin Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.18.5 ShaanXi HuaQin Recent Developments/Updates
- 2.19 Beijing Zhongdian
- 2.19.1 Beijing Zhongdian Details
- 2.19.2 Beijing Zhongdian Major Business
- 2.19.3 Beijing Zhongdian Water Electrolysis Product and Services
- 2.19.4 Beijing Zhongdian Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.19.5 Beijing Zhongdian Recent Developments/Updates
- 2.20 Elchemtech
- 2.20.1 Elchemtech Details
- 2.20.2 Elchemtech Major Business
- 2.20.3 Elchemtech Water Electrolysis Product and Services
- 2.20.4 Elchemtech Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.20.5 Elchemtech Recent Developments/Updates
- 2.21 H2B2
- 2.21.1 H2B2 Details
- 2.21.2 H2B2 Major Business
- 2.21.3 H2B2 Water Electrolysis Product and Services
- 2.21.4 H2B2 Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.21.5 H2B2 Recent Developments/Updates
- 2.22 Verde LLC
- 2.22.1 Verde LLC Details
- 2.22.2 Verde LLC Major Business
- 2.22.3 Verde LLC Water Electrolysis Product and Services
- 2.22.4 Verde LLC Water Electrolysis Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
- 2.22.5 Verde LLC Recent Developments/Updates
3 Competitive Environment: Water Electrolysis by Manufacturer
- 3.1 Global Water Electrolysis Sales Quantity by Manufacturer (2018-2023)
- 3.2 Global Water Electrolysis Revenue by Manufacturer (2018-2023)
- 3.3 Global Water Electrolysis Average Price by Manufacturer (2018-2023)
- 3.4 Market Share Analysis (2022)
- 3.4.1 Producer Shipments of Water Electrolysis by Manufacturer Revenue ($MM) and Market Share (%): 2022
- 3.4.2 Top 3 Water Electrolysis Manufacturer Market Share in 2022
- 3.4.2 Top 6 Water Electrolysis Manufacturer Market Share in 2022
- 3.5 Water Electrolysis Market: Overall Company Footprint Analysis
- 3.5.1 Water Electrolysis Market: Region Footprint
- 3.5.2 Water Electrolysis Market: Company Product Type Footprint
- 3.5.3 Water Electrolysis Market: Company Product Application Footprint
- 3.6 New Market Entrants and Barriers to Market Entry
- 3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
- 4.1 Global Water Electrolysis Market Size by Region
- 4.1.1 Global Water Electrolysis Sales Quantity by Region (2018-2029)
- 4.1.2 Global Water Electrolysis Consumption Value by Region (2018-2029)
- 4.1.3 Global Water Electrolysis Average Price by Region (2018-2029)
- 4.2 North America Water Electrolysis Consumption Value (2018-2029)
- 4.3 Europe Water Electrolysis Consumption Value (2018-2029)
- 4.4 Asia-Pacific Water Electrolysis Consumption Value (2018-2029)
- 4.5 South America Water Electrolysis Consumption Value (2018-2029)
- 4.6 Middle East and Africa Water Electrolysis Consumption Value (2018-2029)
5 Market Segment by Type
- 5.1 Global Water Electrolysis Sales Quantity by Type (2018-2029)
- 5.2 Global Water Electrolysis Consumption Value by Type (2018-2029)
- 5.3 Global Water Electrolysis Average Price by Type (2018-2029)
6 Market Segment by Application
- 6.1 Global Water Electrolysis Sales Quantity by Application (2018-2029)
- 6.2 Global Water Electrolysis Consumption Value by Application (2018-2029)
- 6.3 Global Water Electrolysis Average Price by Application (2018-2029)
7 North America
- 7.1 North America Water Electrolysis Sales Quantity by Type (2018-2029)
- 7.2 North America Water Electrolysis Sales Quantity by Application (2018-2029)
- 7.3 North America Water Electrolysis Market Size by Country
- 7.3.1 North America Water Electrolysis Sales Quantity by Country (2018-2029)
- 7.3.2 North America Water Electrolysis Consumption Value by Country (2018-2029)
- 7.3.3 United States Market Size and Forecast (2018-2029)
- 7.3.4 Canada Market Size and Forecast (2018-2029)
- 7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
- 8.1 Europe Water Electrolysis Sales Quantity by Type (2018-2029)
- 8.2 Europe Water Electrolysis Sales Quantity by Application (2018-2029)
- 8.3 Europe Water Electrolysis Market Size by Country
- 8.3.1 Europe Water Electrolysis Sales Quantity by Country (2018-2029)
- 8.3.2 Europe Water Electrolysis Consumption Value by Country (2018-2029)
- 8.3.3 Germany Market Size and Forecast (2018-2029)
- 8.3.4 France Market Size and Forecast (2018-2029)
- 8.3.5 United Kingdom Market Size and Forecast (2018-2029)
- 8.3.6 Russia Market Size and Forecast (2018-2029)
- 8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
- 9.1 Asia-Pacific Water Electrolysis Sales Quantity by Type (2018-2029)
- 9.2 Asia-Pacific Water Electrolysis Sales Quantity by Application (2018-2029)
- 9.3 Asia-Pacific Water Electrolysis Market Size by Region
- 9.3.1 Asia-Pacific Water Electrolysis Sales Quantity by Region (2018-2029)
- 9.3.2 Asia-Pacific Water Electrolysis Consumption Value by Region (2018-2029)
- 9.3.3 China Market Size and Forecast (2018-2029)
- 9.3.4 Japan Market Size and Forecast (2018-2029)
- 9.3.5 Korea Market Size and Forecast (2018-2029)
- 9.3.6 India Market Size and Forecast (2018-2029)
- 9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
- 9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
- 10.1 South America Water Electrolysis Sales Quantity by Type (2018-2029)
- 10.2 South America Water Electrolysis Sales Quantity by Application (2018-2029)
- 10.3 South America Water Electrolysis Market Size by Country
- 10.3.1 South America Water Electrolysis Sales Quantity by Country (2018-2029)
- 10.3.2 South America Water Electrolysis Consumption Value by Country (2018-2029)
- 10.3.3 Brazil Market Size and Forecast (2018-2029)
- 10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
- 11.1 Middle East & Africa Water Electrolysis Sales Quantity by Type (2018-2029)
- 11.2 Middle East & Africa Water Electrolysis Sales Quantity by Application (2018-2029)
- 11.3 Middle East & Africa Water Electrolysis Market Size by Country
- 11.3.1 Middle East & Africa Water Electrolysis Sales Quantity by Country (2018-2029)
- 11.3.2 Middle East & Africa Water Electrolysis Consumption Value by Country (2018-2029)
- 11.3.3 Turkey Market Size and Forecast (2018-2029)
- 11.3.4 Egypt Market Size and Forecast (2018-2029)
- 11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
- 11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
- 12.1 Water Electrolysis Market Drivers
- 12.2 Water Electrolysis Market Restraints
- 12.3 Water Electrolysis Trends Analysis
- 12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry
- 12.5 Influence of COVID-19 and Russia-Ukraine War
- 12.5.1 Influence of COVID-19
- 12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
- 13.1 Raw Material of Water Electrolysis and Key Manufacturers
- 13.2 Manufacturing Costs Percentage of Water Electrolysis
- 13.3 Water Electrolysis Production Process
- 13.4 Water Electrolysis Industrial Chain
14 Shipments by Distribution Channel
- 14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
- 14.2 Water Electrolysis Typical Distributors
- 14.3 Water Electrolysis Typical Customers
15 Research Findings and Conclusion
16 Appendix
- 16.1 Methodology
- 16.2 Research Process and Data Source
According to our (Global Info Research) latest study, the global Water Electrolysis market size was valued at USD 471.5 million in 2022 and is forecast to a readjusted size of USD 4245.9 million by 2029 with a CAGR of 36.9% during review 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, Suzhou Jingli, Proton On-Site, Cummins, Siemens, etc. The top five players hold a share about 55%. Asia Pacific is the largest market, has a share about 58%, followed by Europe and North America, with share 27% and 10%, separately.
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 is a detailed and comprehensive analysis for global Water Electrolysis market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Water Electrolysis market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Water Electrolysis market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Water Electrolysis market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (K USD/Unit), 2018-2029
Global Water Electrolysis market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (K USD/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Water Electrolysis
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Water Electrolysis market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include 718th Research Institute of CSIC, Suzhou Jingli, Proton On-Site, Cummins and Siemens, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Water Electrolysis 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. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Traditional Alkaline Electroliser
PEM Electroliser
Market segment by Application
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others
Major players covered
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
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 product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Water Electrolysis, with price, sales, revenue and global market share of Water Electrolysis from 2018 to 2023.
Chapter 3, the Water Electrolysis competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Water Electrolysis 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 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.
Chapter 14 and 15, to describe Water Electrolysis sales channel, distributors, customers, research findings and conclusion.