APO Research

APO RESEARCH · REPORT

Water Electrolysis

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.

Product & engineering

Understand the product.

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.

Selected research

Industry Research

Water Electrolysis Industry Research Report 2026

Market perspective

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.

Global water electrolysis key players include 718th Research Institute of CSIC, Proton On-Site, Hydrogenics, Teledyne Energy Systems, Suzhou Jingli, etc. Global top 6 manufacturers hold a share about 48%. Asia Pacific is the largest market, with a share about 45%, followed by Europe and North America, both have a share over 48 percent.

Report Scope

Read the full market overview

This report quantifies the global Water Electrolysis market in revenue (US$ million) and, where applicable, sales volume (Units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.

It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Units) and concentration ratios (CR5/CR10).

The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Water Electrolysis.

Key Companies & Market Share Insights

This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.

Water Electrolysis Market by Company

718th Research Institute of CSIC

Proton On-Site

Hydrogenics

Teledyne Energy Systems

Suzhou Jingli

McPhy

TianJin Mainland

Siemens

Nel Hydrogen

Toshiba

Yangzhou Chungdean Hydrogen Equipment

Areva H2gen

ITM Power

Idroenergy Spa

Erredue SpA

Kobelco Eco-Solutions

ShaanXi HuaQin

EM Solution

Beijing Zhongdian

H2B2

Elchemtech

Asahi Kasei

Verde LLC

Thyssenkrupp

Cummins

Elogen

Water Electrolysis Segment by Type

Traditional Alkaline Electroliser

PEM Electroliser

Water Electrolysis Segment by Application

Power Plants

Steel Plant

Electronics and Photovoltaics

Industrial Gases

Energy Storage or Fueling for FCEV's

Power to Gas

Others

Water Electrolysis Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Water Electrolysis market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Water Electrolysis and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market

5. This report helps stakeholders to gain insights into which regions to target globally

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Water Electrolysis.

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Research objectives, research methods, data sources, data cross-validation;

Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 3: Detailed analysis of Water Electrolysis manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 5: Production/output, value of Water Electrolysis by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 6: Consumption 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, and production of each country in the world.

Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: 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 11: The main points and conclusions of the report.

More report detail

Tables and figures
List of Tables Table 1. Secondary Sources Table 2. Primary Sources Table 3. Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million) Table 4. Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million) Table 5. Global Water Electrolysis Production by Manufacturers (Units) & (2021-2026) Table 6. Global Water Electrolysis Production Market Share by Manufacturers Table 7. Global Water Electrolysis Production Value by Manufacturers (US$ Million) & (2021-2026) Table 8. Global Water Electrolysis Production Value Market Share by Manufacturers (2021-2026) Table 9. Global Water Electrolysis Average Price (US$/Unit) of Manufacturers (2021-2026) Table 10. Global Water Electrolysis Industry Manufacturers Ranking, 2024 VS 2025 VS 2026 Table 11. Global Water Electrolysis Key Manufacturers, Manufacturing Sites & Headquarters Table 12. Global Water Electrolysis Manufacturers, Product Type & Application Table 13. Global Water Electrolysis Manufacturers Established Date Table 14. Global Manufacturers Market Concentration Ratio (CR5 and HHI) Table 15. Global Water Electrolysis by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2025) Table 16. Manufacturers Mergers & Acquisitions, Expansion Plans Table 17. 718th Research Institute of CSIC Company Information Table 18. 718th Research Institute of CSIC Business Overview Table 19. 718th Research Institute of CSIC Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 20. 718th Research Institute of CSIC Water Electrolysis Product Portfolio Table 21. 718th Research Institute of CSIC Recent Development Table 22. Proton On-Site Company Information Table 23. Proton On-Site Business Overview Table 24. Proton On-Site Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 25. Proton On-Site Water Electrolysis Product Portfolio Table 26. Proton On-Site Recent Development Table 27. Hydrogenics Company Information Table 28. Hydrogenics Business Overview Table 29. Hydrogenics Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 30. Hydrogenics Water Electrolysis Product Portfolio Table 31. Hydrogenics Recent Development Table 32. Teledyne Energy Systems Company Information Table 33. Teledyne Energy Systems Business Overview Table 34. Teledyne Energy Systems Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 35. Teledyne Energy Systems Water Electrolysis Product Portfolio Table 36. Teledyne Energy Systems Recent Development Table 37. Suzhou Jingli Company Information Table 38. Suzhou Jingli Business Overview Table 39. Suzhou Jingli Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 40. Suzhou Jingli Water Electrolysis Product Portfolio Table 41. Suzhou Jingli Recent Development Table 42. McPhy Company Information Table 43. McPhy Business Overview Table 44. McPhy Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 45. McPhy Water Electrolysis Product Portfolio Table 46. McPhy Recent Development Table 47. TianJin Mainland Company Information Table 48. TianJin Mainland Business Overview Table 49. TianJin Mainland Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 50. TianJin Mainland Water Electrolysis Product Portfolio Table 51. TianJin Mainland Recent Development Table 52. Siemens Company Information Table 53. Siemens Business Overview Table 54. Siemens Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 55. Siemens Water Electrolysis Product Portfolio Table 56. Siemens Recent Development Table 57. Nel Hydrogen Company Information Table 58. Nel Hydrogen Business Overview Table 59. Nel Hydrogen Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 60. Nel Hydrogen Water Electrolysis Product Portfolio Table 61. Nel Hydrogen Recent Development Table 62. Toshiba Company Information Table 63. Toshiba Business Overview Table 64. Toshiba Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 65. Toshiba Water Electrolysis Product Portfolio Table 66. Toshiba Recent Development Table 67. Yangzhou Chungdean Hydrogen Equipment Company Information Table 68. Yangzhou Chungdean Hydrogen Equipment Business Overview Table 69. Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 70. Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Product Portfolio Table 71. Yangzhou Chungdean Hydrogen Equipment Recent Development Table 72. Areva H2gen Company Information Table 73. Areva H2gen Business Overview Table 74. Areva H2gen Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 75. Areva H2gen Water Electrolysis Product Portfolio Table 76. Areva H2gen Recent Development Table 77. ITM Power Company Information Table 78. ITM Power Business Overview Table 79. ITM Power Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 80. ITM Power Water Electrolysis Product Portfolio Table 81. ITM Power Recent Development Table 82. Idroenergy Spa Company Information Table 83. Idroenergy Spa Business Overview Table 84. Idroenergy Spa Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 85. Idroenergy Spa Water Electrolysis Product Portfolio Table 86. Idroenergy Spa Recent Development Table 87. Erredue SpA Company Information Table 88. Erredue SpA Business Overview Table 89. Erredue SpA Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 90. Erredue SpA Water Electrolysis Product Portfolio Table 91. Erredue SpA Recent Development Table 92. Kobelco Eco-Solutions Company Information Table 93. Kobelco Eco-Solutions Business Overview Table 94. Kobelco Eco-Solutions Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 95. Kobelco Eco-Solutions Water Electrolysis Product Portfolio Table 96. Kobelco Eco-Solutions Recent Development Table 97. ShaanXi HuaQin Company Information Table 98. ShaanXi HuaQin Business Overview Table 99. ShaanXi HuaQin Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 100. ShaanXi HuaQin Water Electrolysis Product Portfolio Table 101. ShaanXi HuaQin Recent Development Table 102. EM Solution Company Information Table 103. EM Solution Business Overview Table 104. EM Solution Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 105. EM Solution Water Electrolysis Product Portfolio Table 106. EM Solution Recent Development Table 107. Beijing Zhongdian Company Information Table 108. Beijing Zhongdian Business Overview Table 109. Beijing Zhongdian Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 110. Beijing Zhongdian Water Electrolysis Product Portfolio Table 111. Beijing Zhongdian Recent Development Table 112. H2B2 Company Information Table 113. H2B2 Business Overview Table 114. H2B2 Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 115. H2B2 Water Electrolysis Product Portfolio Table 116. H2B2 Recent Development Table 117. Elchemtech Company Information Table 118. Elchemtech Business Overview Table 119. Elchemtech Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 120. Elchemtech Water Electrolysis Product Portfolio Table 121. Elchemtech Recent Development Table 122. Asahi Kasei Company Information Table 123. Asahi Kasei Business Overview Table 124. Asahi Kasei Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 125. Asahi Kasei Water Electrolysis Product Portfolio Table 126. Asahi Kasei Recent Development Table 127. Verde LLC Company Information Table 128. Verde LLC Business Overview Table 129. Verde LLC Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 130. Verde LLC Water Electrolysis Product Portfolio Table 131. Verde LLC Recent Development Table 132. Thyssenkrupp Company Information Table 133. Thyssenkrupp Business Overview Table 134. Thyssenkrupp Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 135. Thyssenkrupp Water Electrolysis Product Portfolio Table 136. Thyssenkrupp Recent Development Table 137. Cummins Company Information Table 138. Cummins Business Overview Table 139. Cummins Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 140. Cummins Water Electrolysis Product Portfolio Table 141. Cummins Recent Development Table 142. Elogen Company Information Table 143. Elogen Business Overview Table 144. Elogen Water Electrolysis Production (Units), Value (US$ Million), Price (US$/Unit) and Gross Margin (2021-2026) Table 145. Elogen Water Electrolysis Product Portfolio Table 146. Elogen Recent Development Table 147. Global Water Electrolysis Production Comparison by Region: 2021 VS 2025 VS 2032 (Units) Table 148. Global Water Electrolysis Production by Region (2021-2026) & (Units) Table 149. Global Water Electrolysis Production Market Share by Region (2021-2026) Table 150. Global Water Electrolysis Production Forecast by Region (2027-2032) & (Units) Table 151. Global Water Electrolysis Production Market Share Forecast by Region (2027-2032) Table 152. Global Water Electrolysis Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Table 153. Global Water Electrolysis Production Value by Region (2021-2026) & (US$ Million) Table 154. Global Water Electrolysis Production Value Market Share by Region (2021-2026) Table 155. Global Water Electrolysis Production Value Forecast by Region (2027-2032) & (US$ Million) Table 156. Global Water Electrolysis Market Average Price (US$/Unit) by Region (2021-2026) Table 157. Global Water Electrolysis Market Average Price (US$/Unit) by Region (2027-2032) Table 158. Global Water Electrolysis Consumption Comparison by Region: 2021 VS 2025 VS 2032 (Units) Table 159. Global Water Electrolysis Consumption by Region (2021-2026) & (Units) Table 160. Global Water Electrolysis Consumption Market Share by Region (2021-2026) Table 161. Global Water Electrolysis Forecasted Consumption by Region (2027-2032) & (Units) Table 162. Global Water Electrolysis Forecasted Consumption Market Share by Region (2027-2032) Table 163. North America Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Units) Table 164. North America Water Electrolysis Consumption by Country (2021-2026) & (Units) Table 165. North America Water Electrolysis Consumption by Country (2027-2032) & (Units) Table 166. Europe Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Units) Table 167. Europe Water Electrolysis Consumption by Country (2021-2026) & (Units) Table 168. Europe Water Electrolysis Consumption by Country (2027-2032) & (Units) Table 169. Asia Pacific Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Units) Table 170. Asia Pacific Water Electrolysis Consumption by Country (2021-2026) & (Units) Table 171. Asia Pacific Water Electrolysis Consumption by Country (2027-2032) & (Units) Table 172. South America, Middle East & Africa Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (Units) Table 173. South America, Middle East & Africa Water Electrolysis Consumption by Country (2021-2026) & (Units) Table 174. South America, Middle East & Africa Water Electrolysis Consumption by Country (2027-2032) & (Units) Table 175. Global Water Electrolysis Production by Type (2021-2026) & (Units) Table 176. Global Water Electrolysis Production by Type (2027-2032) & (Units) Table 177. Global Water Electrolysis Production Market Share by Type (2021-2026) Table 178. Global Water Electrolysis Production Market Share by Type (2027-2032) Table 179. Global Water Electrolysis Production Value by Type (2021-2026) & (US$ Million) Table 180. Global Water Electrolysis Production Value by Type (2027-2032) & (US$ Million) Table 181. Global Water Electrolysis Production Value Market Share by Type (2021-2026) Table 182. Global Water Electrolysis Production Value Market Share by Type (2027-2032) Table 183. Global Water Electrolysis Price by Type (2021-2026) & (US$/Unit) Table 184. Global Water Electrolysis Price by Type (2027-2032) & (US$/Unit) Table 185. Global Water Electrolysis Production by Application (2021-2026) & (Units) Table 186. Global Water Electrolysis Production by Application (2027-2032) & (Units) Table 187. Global Water Electrolysis Production Market Share by Application (2021-2026) Table 188. Global Water Electrolysis Production Market Share by Application (2027-2032) Table 189. Global Water Electrolysis Production Value by Application (2021-2026) & (US$ Million) Table 190. Global Water Electrolysis Production Value by Application (2027-2032) & (US$ Million) Table 191. Global Water Electrolysis Production Value Market Share by Application (2021-2026) Table 192. Global Water Electrolysis Production Value Market Share by Application (2027-2032) Table 193. Global Water Electrolysis Price by Application (2021-2026) & (US$/Unit) Table 194. Global Water Electrolysis Price by Application (2027-2032) & (US$/Unit) Table 195. Key Raw Materials Table 196. Raw Materials Key Suppliers Table 197. Water Electrolysis Distributors List Table 198. Water Electrolysis Customers List Table 199. Water Electrolysis Industry Trends Table 200. Water Electrolysis Industry Drivers Table 201. Water Electrolysis Industry Restraints Table 202. Authors List of This Report List of Figures Figure 1. Research Methodology Figure 2. Research Process Figure 3. Key Executives Interviewed Figure 4. Water Electrolysis Product Image Figure 5. Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million) Figure 6. Traditional Alkaline Electroliser Product Image Figure 7. PEM Electroliser Product Image Figure 8. Power Plants Product Image Figure 9. Steel Plant Product Image Figure 10. Electronics and Photovoltaics Product Image Figure 11. Industrial Gases Product Image Figure 12. Energy Storage or Fueling for FCEV's Product Image Figure 13. Power to Gas Product Image Figure 14. Others Product Image Figure 15. Global Water Electrolysis Production Value (US$ Million), 2021 VS 2025 VS 2032 Figure 16. Global Water Electrolysis Production Value (2021-2032) & (US$ Million) Figure 17. Global Water Electrolysis Production Capacity (2021-2032) & (Units) Figure 18. Global Water Electrolysis Production (2021-2032) & (Units) Figure 19. Global Water Electrolysis Average Price (US$/Unit) & (2021-2032) Figure 20. Global Water Electrolysis Key Manufacturers, Manufacturing Sites & Headquarters Figure 21. Global Top 5 and 10 Water Electrolysis Players Market Share by Production Value in 2025 Figure 22. Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 23. Global Water Electrolysis Production Comparison by Region: 2021 VS 2025 VS 2032 (Units) Figure 24. Global Water Electrolysis Production Market Share by Region: 2021 VS 2025 VS 2032 Figure 25. Global Water Electrolysis Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Figure 26. Global Water Electrolysis Production Value Market Share by Region: 2021 VS 2025 VS 2032 Figure 27. North America Water Electrolysis Production Value (US$ Million) Growth Rate (2021-2032) Figure 28. Europe Water Electrolysis Production Value (US$ Million) Growth Rate (2021-2032) Figure 29. China Water Electrolysis Production Value (US$ Million) Growth Rate (2021-2032) Figure 30. Japan Water Electrolysis Production Value (US$ Million) Growth Rate (2021-2032) Figure 31. Global Water Electrolysis Consumption Comparison by Region: 2021 VS 2025 VS 2032 (Units) Figure 32. Global Water Electrolysis Consumption Market Share by Region: 2021 VS 2025 VS 2032 Figure 33. North America Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 34. North America Water Electrolysis Consumption Market Share by Country (2021-2032) Figure 35. United States Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 36. United States Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 37. Canada Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 38. Mexico Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 39. Europe Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 40. Europe Water Electrolysis Consumption Market Share by Country (2021-2032) Figure 41. Germany Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 42. France Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 43. U.K. Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 44. Italy Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 45. Russia Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 46. Spain Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 47. Netherlands Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 48. Switzerland Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 49. Sweden Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 50. Poland Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 51. Asia Pacific Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 52. Asia Pacific Water Electrolysis Consumption Market Share by Country (2021-2032) Figure 53. China Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 54. Japan Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 55. South Korea Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 56. India Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 57. Australia Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 58. Taiwan Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 59. Southeast Asia Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 60. South America, Middle East & Africa Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 61. South America, Middle East & Africa Water Electrolysis Consumption Market Share by Country (2021-2032) Figure 62. Brazil Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 63. Argentina Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 64. Chile Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 65. Turkey Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 66. GCC Countries Water Electrolysis Consumption and Growth Rate (2021-2032) & (Units) Figure 67. Global Water Electrolysis Production Market Share by Type (2021-2032) Figure 68. Global Water Electrolysis Production Value Market Share by Type (2021-2032) Figure 69. Global Water Electrolysis Price (US$/Unit) by Type (2021-2032) Figure 70. Global Water Electrolysis Production Market Share by Application (2021-2032) Figure 71. Global Water Electrolysis Production Value Market Share by Application (2021-2032) Figure 72. Global Water Electrolysis Price (US$/Unit) by Application (2021-2032) Figure 73. Water Electrolysis Value Chain Figure 74. Water Electrolysis Production Mode & Process Figure 75. Direct Comparison with Distribution Share Figure 76. Distributors Profiles Figure 77. Water Electrolysis Industry Opportunities and Challenges

Scope & coverage.

Types
  • Traditional Alkaline Electroliser
  • PEM Electroliser
Applications
  • Power Plants
  • Steel Plant
  • Electronics and Photovoltaics
  • Industrial Gases
  • Energy Storage or Fueling for FCEV's
  • Power to Gas
  • Others
Companies covered
  • 718th Research Institute of CSIC
  • Proton On-Site
  • Hydrogenics
  • Teledyne Energy Systems
  • Suzhou Jingli
  • McPhy
  • TianJin Mainland
  • Siemens
  • Nel Hydrogen
  • Toshiba
  • Yangzhou Chungdean Hydrogen Equipment
  • Areva H2gen
  • ITM Power
  • Idroenergy Spa
  • Erredue SpA
  • Kobelco Eco-Solutions
  • ShaanXi HuaQin
  • EM Solution
  • Beijing Zhongdian
  • H2B2
  • Elchemtech
  • Asahi Kasei
  • Verde LLC
  • Thyssenkrupp
  • Cummins
  • Elogen

Inside the report.

1 Preface
  1. 1.1 Scope of Report
  2. 1.2 Reasons for Doing This Study
  3. 1.3 Research Methodology
  4. 1.4 Research Process
  5. 1.5 Data Source
  6. 1.5.1 Secondary Sources
  7. 1.5.2 Primary Sources
2 Market Overview
  1. 2.1 Product Definition
  2. 2.2 Water Electrolysis by Type
  3. 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
  4. 2.2.2 Traditional Alkaline Electroliser
  5. 2.2.3 PEM Electroliser
  6. 2.3 Water Electrolysis by Application
  7. 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
  8. 2.3.2 Power Plants
  9. 2.3.3 Steel Plant
  10. 2.3.4 Electronics and Photovoltaics
  11. 2.3.5 Industrial Gases
  12. 2.3.6 Energy Storage or Fueling for FCEV's
  13. 2.3.7 Power to Gas
  14. 2.3.8 Others
  15. 2.4 Global Market Growth Prospects
  16. 2.4.1 Global Water Electrolysis Production Value Estimates and Forecasts (2021-2032)
  17. 2.4.2 Global Water Electrolysis Production Capacity Estimates and Forecasts (2021-2032)
  18. 2.4.3 Global Water Electrolysis Production Estimates and Forecasts (2021-2032)
  19. 2.4.4 Global Water Electrolysis Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
  1. 3.1 Global Water Electrolysis Production by Manufacturers (2021-2026)
  2. 3.2 Global Water Electrolysis Production Value by Manufacturers (2021-2026)
  3. 3.3 Global Water Electrolysis Average Price by Manufacturers (2021-2026)
  4. 3.4 Global Water Electrolysis Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Water Electrolysis Key Manufacturers, Manufacturing Sites & Headquarters
  6. 3.6 Global Water Electrolysis Manufacturers, Product Type & Application
  7. 3.7 Global Water Electrolysis Manufacturers Established Date
  8. 3.8 Global Water Electrolysis Market CR5 and HHI
  9. 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
  1. 4.1 718th Research Institute of CSIC
  2. 4.1.1 718th Research Institute of CSIC Water Electrolysis Company Information
  3. 4.1.2 718th Research Institute of CSIC Water Electrolysis Business Overview
  4. 4.1.3 718th Research Institute of CSIC Water Electrolysis Production, Value and Gross Margin (2021-2026)
  5. 4.1.4 718th Research Institute of CSIC Product Portfolio
  6. 4.1.5 718th Research Institute of CSIC Recent Developments
  7. 4.2 Proton On-Site
  8. 4.2.1 Proton On-Site Water Electrolysis Company Information
  9. 4.2.2 Proton On-Site Water Electrolysis Business Overview
  10. 4.2.3 Proton On-Site Water Electrolysis Production, Value and Gross Margin (2021-2026)
  11. 4.2.4 Proton On-Site Product Portfolio
  12. 4.2.5 Proton On-Site Recent Developments
  13. 4.3 Hydrogenics
  14. 4.3.1 Hydrogenics Water Electrolysis Company Information
  15. 4.3.2 Hydrogenics Water Electrolysis Business Overview
  16. 4.3.3 Hydrogenics Water Electrolysis Production, Value and Gross Margin (2021-2026)
  17. 4.3.4 Hydrogenics Product Portfolio
  18. 4.3.5 Hydrogenics Recent Developments
  19. 4.4 Teledyne Energy Systems
  20. 4.4.1 Teledyne Energy Systems Water Electrolysis Company Information
  21. 4.4.2 Teledyne Energy Systems Water Electrolysis Business Overview
  22. 4.4.3 Teledyne Energy Systems Water Electrolysis Production, Value and Gross Margin (2021-2026)
  23. 4.4.4 Teledyne Energy Systems Product Portfolio
  24. 4.4.5 Teledyne Energy Systems Recent Developments
  25. 4.5 Suzhou Jingli
  26. 4.5.1 Suzhou Jingli Water Electrolysis Company Information
  27. 4.5.2 Suzhou Jingli Water Electrolysis Business Overview
  28. 4.5.3 Suzhou Jingli Water Electrolysis Production, Value and Gross Margin (2021-2026)
  29. 4.5.4 Suzhou Jingli Product Portfolio
  30. 4.5.5 Suzhou Jingli Recent Developments
  31. 4.6 McPhy
  32. 4.6.1 McPhy Water Electrolysis Company Information
  33. 4.6.2 McPhy Water Electrolysis Business Overview
  34. 4.6.3 McPhy Water Electrolysis Production, Value and Gross Margin (2021-2026)
  35. 4.6.4 McPhy Product Portfolio
  36. 4.6.5 McPhy Recent Developments
  37. 4.7 TianJin Mainland
  38. 4.7.1 TianJin Mainland Water Electrolysis Company Information
  39. 4.7.2 TianJin Mainland Water Electrolysis Business Overview
  40. 4.7.3 TianJin Mainland Water Electrolysis Production, Value and Gross Margin (2021-2026)
  41. 4.7.4 TianJin Mainland Product Portfolio
  42. 4.7.5 TianJin Mainland Recent Developments
  43. 4.8 Siemens
  44. 4.8.1 Siemens Water Electrolysis Company Information
  45. 4.8.2 Siemens Water Electrolysis Business Overview
  46. 4.8.3 Siemens Water Electrolysis Production, Value and Gross Margin (2021-2026)
  47. 4.8.4 Siemens Product Portfolio
  48. 4.8.5 Siemens Recent Developments
  49. 4.9 Nel Hydrogen
  50. 4.9.1 Nel Hydrogen Water Electrolysis Company Information
  51. 4.9.2 Nel Hydrogen Water Electrolysis Business Overview
  52. 4.9.3 Nel Hydrogen Water Electrolysis Production, Value and Gross Margin (2021-2026)
  53. 4.9.4 Nel Hydrogen Product Portfolio
  54. 4.9.5 Nel Hydrogen Recent Developments
  55. 4.10 Toshiba
  56. 4.10.1 Toshiba Water Electrolysis Company Information
  57. 4.10.2 Toshiba Water Electrolysis Business Overview
  58. 4.10.3 Toshiba Water Electrolysis Production, Value and Gross Margin (2021-2026)
  59. 4.10.4 Toshiba Product Portfolio
  60. 4.10.5 Toshiba Recent Developments
  61. 4.11 Yangzhou Chungdean Hydrogen Equipment
  62. 4.11.1 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Company Information
  63. 4.11.2 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Business Overview
  64. 4.11.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Production, Value and Gross Margin (2021-2026)
  65. 4.11.4 Yangzhou Chungdean Hydrogen Equipment Product Portfolio
  66. 4.11.5 Yangzhou Chungdean Hydrogen Equipment Recent Developments
  67. 4.12 Areva H2gen
  68. 4.12.1 Areva H2gen Water Electrolysis Company Information
  69. 4.12.2 Areva H2gen Water Electrolysis Business Overview
  70. 4.12.3 Areva H2gen Water Electrolysis Production, Value and Gross Margin (2021-2026)
  71. 4.12.4 Areva H2gen Product Portfolio
  72. 4.12.5 Areva H2gen Recent Developments
  73. 4.13 ITM Power
  74. 4.13.1 ITM Power Water Electrolysis Company Information
  75. 4.13.2 ITM Power Water Electrolysis Business Overview
  76. 4.13.3 ITM Power Water Electrolysis Production, Value and Gross Margin (2021-2026)
  77. 4.13.4 ITM Power Product Portfolio
  78. 4.13.5 ITM Power Recent Developments
  79. 4.14 Idroenergy Spa
  80. 4.14.1 Idroenergy Spa Water Electrolysis Company Information
  81. 4.14.2 Idroenergy Spa Water Electrolysis Business Overview
  82. 4.14.3 Idroenergy Spa Water Electrolysis Production, Value and Gross Margin (2021-2026)
  83. 4.14.4 Idroenergy Spa Product Portfolio
  84. 4.14.5 Idroenergy Spa Recent Developments
  85. 4.15 Erredue SpA
  86. 4.15.1 Erredue SpA Water Electrolysis Company Information
  87. 4.15.2 Erredue SpA Water Electrolysis Business Overview
  88. 4.15.3 Erredue SpA Water Electrolysis Production, Value and Gross Margin (2021-2026)
  89. 4.15.4 Erredue SpA Product Portfolio
  90. 4.15.5 Erredue SpA Recent Developments
  91. 4.16 Kobelco Eco-Solutions
  92. 4.16.1 Kobelco Eco-Solutions Water Electrolysis Company Information
  93. 4.16.2 Kobelco Eco-Solutions Water Electrolysis Business Overview
  94. 4.16.3 Kobelco Eco-Solutions Water Electrolysis Production, Value and Gross Margin (2021-2026)
  95. 4.16.4 Kobelco Eco-Solutions Product Portfolio
  96. 4.16.5 Kobelco Eco-Solutions Recent Developments
  97. 4.17 ShaanXi HuaQin
  98. 4.17.1 ShaanXi HuaQin Water Electrolysis Company Information
  99. 4.17.2 ShaanXi HuaQin Water Electrolysis Business Overview
  100. 4.17.3 ShaanXi HuaQin Water Electrolysis Production, Value and Gross Margin (2021-2026)
  101. 4.17.4 ShaanXi HuaQin Product Portfolio
  102. 4.17.5 ShaanXi HuaQin Recent Developments
  103. 4.18 EM Solution
  104. 4.18.1 EM Solution Water Electrolysis Company Information
  105. 4.18.2 EM Solution Water Electrolysis Business Overview
  106. 4.18.3 EM Solution Water Electrolysis Production, Value and Gross Margin (2021-2026)
  107. 4.18.4 EM Solution Product Portfolio
  108. 4.18.5 EM Solution Recent Developments
  109. 4.19 Beijing Zhongdian
  110. 4.19.1 Beijing Zhongdian Water Electrolysis Company Information
  111. 4.19.2 Beijing Zhongdian Water Electrolysis Business Overview
  112. 4.19.3 Beijing Zhongdian Water Electrolysis Production, Value and Gross Margin (2021-2026)
  113. 4.19.4 Beijing Zhongdian Product Portfolio
  114. 4.19.5 Beijing Zhongdian Recent Developments
  115. 4.20 H2B2
  116. 4.20.1 H2B2 Water Electrolysis Company Information
  117. 4.20.2 H2B2 Water Electrolysis Business Overview
  118. 4.20.3 H2B2 Water Electrolysis Production, Value and Gross Margin (2021-2026)
  119. 4.20.4 H2B2 Product Portfolio
  120. 4.20.5 H2B2 Recent Developments
  121. 4.21 Elchemtech
  122. 4.21.1 Elchemtech Water Electrolysis Company Information
  123. 4.21.2 Elchemtech Water Electrolysis Business Overview
  124. 4.21.3 Elchemtech Water Electrolysis Production, Value and Gross Margin (2021-2026)
  125. 4.21.4 Elchemtech Product Portfolio
  126. 4.21.5 Elchemtech Recent Developments
  127. 4.22 Asahi Kasei
  128. 4.22.1 Asahi Kasei Water Electrolysis Company Information
  129. 4.22.2 Asahi Kasei Water Electrolysis Business Overview
  130. 4.22.3 Asahi Kasei Water Electrolysis Production, Value and Gross Margin (2021-2026)
  131. 4.22.4 Asahi Kasei Product Portfolio
  132. 4.22.5 Asahi Kasei Recent Developments
  133. 4.23 Verde LLC
  134. 4.23.1 Verde LLC Water Electrolysis Company Information
  135. 4.23.2 Verde LLC Water Electrolysis Business Overview
  136. 4.23.3 Verde LLC Water Electrolysis Production, Value and Gross Margin (2021-2026)
  137. 4.23.4 Verde LLC Product Portfolio
  138. 4.23.5 Verde LLC Recent Developments
  139. 4.24 Thyssenkrupp
  140. 4.24.1 Thyssenkrupp Water Electrolysis Company Information
  141. 4.24.2 Thyssenkrupp Water Electrolysis Business Overview
  142. 4.24.3 Thyssenkrupp Water Electrolysis Production, Value and Gross Margin (2021-2026)
  143. 4.24.4 Thyssenkrupp Product Portfolio
  144. 4.24.5 Thyssenkrupp Recent Developments
  145. 4.25 Cummins
  146. 4.25.1 Cummins Water Electrolysis Company Information
  147. 4.25.2 Cummins Water Electrolysis Business Overview
  148. 4.25.3 Cummins Water Electrolysis Production, Value and Gross Margin (2021-2026)
  149. 4.25.4 Cummins Product Portfolio
  150. 4.25.5 Cummins Recent Developments
  151. 4.26 Elogen
  152. 4.26.1 Elogen Water Electrolysis Company Information
  153. 4.26.2 Elogen Water Electrolysis Business Overview
  154. 4.26.3 Elogen Water Electrolysis Production, Value and Gross Margin (2021-2026)
  155. 4.26.4 Elogen Product Portfolio
  156. 4.26.5 Elogen Recent Developments
5 Global Water Electrolysis Production by Region
  1. 5.1 Global Water Electrolysis Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
  2. 5.2 Global Water Electrolysis Production by Region: 2021-2032
  3. 5.2.1 Global Water Electrolysis Production by Region: 2021-2026
  4. 5.2.2 Global Water Electrolysis Production Forecast by Region (2027-2032)
  5. 5.3 Global Water Electrolysis Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
  6. 5.4 Global Water Electrolysis Production Value by Region: 2021-2032
  7. 5.4.1 Global Water Electrolysis Production Value by Region: 2021-2026
  8. 5.4.2 Global Water Electrolysis Production Value Forecast by Region (2027-2032)
  9. 5.5 Global Water Electrolysis Market Price Analysis by Region (2021-2026)
  10. 5.6 Global Water Electrolysis Production and Value, YOY Growth
  11. 5.6.1 North America Water Electrolysis Production Value Estimates and Forecasts (2021-2032)
  12. 5.6.2 Europe Water Electrolysis Production Value Estimates and Forecasts (2021-2032)
  13. 5.6.3 China Water Electrolysis Production Value Estimates and Forecasts (2021-2032)
  14. 5.6.4 Japan Water Electrolysis Production Value Estimates and Forecasts (2021-2032)
6 Global Water Electrolysis Consumption by Region
  1. 6.1 Global Water Electrolysis Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
  2. 6.2 Global Water Electrolysis Consumption by Region (2021-2032)
  3. 6.2.1 Global Water Electrolysis Consumption by Region: 2021-2026
  4. 6.2.2 Global Water Electrolysis Forecasted Consumption by Region (2027-2032)
  5. 6.3 North America
  6. 6.3.1 North America Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  7. 6.3.2 North America Water Electrolysis Consumption by Country (2021-2032)
  8. 6.3.3 United States
  9. 6.3.4 Canada
  10. 6.3.5 Mexico
  11. 6.4 Europe
  12. 6.4.1 Europe Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  13. 6.4.2 Europe Water Electrolysis Consumption by Country (2021-2032)
  14. 6.4.3 Germany
  15. 6.4.4 France
  16. 6.4.5 U.K.
  17. 6.4.6 Italy
  18. 6.4.7 Russia
  19. 6.4.8 Spain
  20. 6.4.9 Netherlands
  21. 6.4.10 Switzerland
  22. 6.4.11 Sweden
  23. 6.4.12 Poland
  24. 6.5 Asia Pacific
  25. 6.5.1 Asia Pacific Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  26. 6.5.2 Asia Pacific Water Electrolysis Consumption by Country (2021-2032)
  27. 6.5.3 China
  28. 6.5.4 Japan
  29. 6.5.5 South Korea
  30. 6.5.6 India
  31. 6.5.7 Australia
  32. 6.5.8 Taiwan
  33. 6.5.9 Southeast Asia
  34. 6.6 South America, Middle East & Africa
  35. 6.6.1 South America, Middle East & Africa Water Electrolysis Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  36. 6.6.2 South America, Middle East & Africa Water Electrolysis Consumption by Country (2021-2032)
  37. 6.6.3 Brazil
  38. 6.6.4 Argentina
  39. 6.6.5 Chile
  40. 6.6.6 Turkey
  41. 6.6.7 GCC Countries
7 Segment by Type
  1. 7.1 Global Water Electrolysis Production by Type (2021-2032)
  2. 7.1.1 Global Water Electrolysis Production by Type (2021-2032) & (Units)
  3. 7.1.2 Global Water Electrolysis Production Market Share by Type (2021-2032)
  4. 7.2 Global Water Electrolysis Production Value by Type (2021-2032)
  5. 7.2.1 Global Water Electrolysis Production Value by Type (2021-2032) & (US$ Million)
  6. 7.2.2 Global Water Electrolysis Production Value Market Share by Type (2021-2032)
  7. 7.3 Global Water Electrolysis Price by Type (2021-2032)
8 Segment by Application
  1. 8.1 Global Water Electrolysis Production by Application (2021-2032)
  2. 8.1.1 Global Water Electrolysis Production by Application (2021-2032) & (Units)
  3. 8.1.2 Global Water Electrolysis Production Market Share by Application (2021-2032)
  4. 8.2 Global Water Electrolysis Production Value by Application (2021-2032)
  5. 8.2.1 Global Water Electrolysis Production Value by Application (2021-2032) & (US$ Million)
  6. 8.2.2 Global Water Electrolysis Production Value Market Share by Application (2021-2032)
  7. 8.3 Global Water Electrolysis Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
  1. 9.1 Water Electrolysis Value Chain Analysis
  2. 9.1.1 Water Electrolysis Key Raw Materials
  3. 9.1.2 Raw Materials Key Suppliers
  4. 9.1.3 Water Electrolysis Production Mode & Process
  5. 9.2 Water Electrolysis Sales Channels Analysis
  6. 9.2.1 Direct Comparison with Distribution Share
  7. 9.2.2 Water Electrolysis Distributors
  8. 9.2.3 Water Electrolysis Customers
10 Global Water Electrolysis Analyzing Market Dynamics
  1. 10.1 Water Electrolysis Industry Trends
  2. 10.2 Water Electrolysis Industry Drivers
  3. 10.3 Water Electrolysis Industry Opportunities and Challenges
  4. 10.4 Water Electrolysis Industry Restraints
11 Report Conclusion
    12 Disclaimer

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