Industry: Machinery & Equipment
Published Date: 2025-01-16
Pages: 153 Pages
Report ld: 3514798
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Water Electrolysis Device Market Size(US$)

CAGR 2025-2031
11.6%
Market Size,2031
USD 585
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Water Electrolysis Device was estimated to be worth US$ 274 million in 2024 and is forecast to a readjusted size of US$ 585 million by 2031 with a CAGR of 11.6% during the forecast period 2025-2031.
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.
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 aims to provide a comprehensive presentation of the global market for Water Electrolysis Device, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Water Electrolysis Device by region & country, by Type, and by Application.
The Water Electrolysis Device market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Water Electrolysis Device.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides 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 2: Detailed analysis of Water Electrolysis Device manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Sales, revenue of Water Electrolysis Device in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Water Electrolysis Device in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Market Overview
1.1 Water Electrolysis Device Product Introduction
1.2 Global Water Electrolysis Device Market Size Forecast
1.2.1 Global Water Electrolysis Device Sales Value (2020-2031)
1.2.2 Global Water Electrolysis Device Sales Volume (2020-2031)
1.2.3 Global Water Electrolysis Device Sales Price (2020-2031)
1.3 Water Electrolysis Device Market Trends & Drivers
1.3.1 Water Electrolysis Device Industry Trends
1.3.2 Water Electrolysis Device Market Drivers & Opportunity
1.3.3 Water Electrolysis Device Market Challenges
1.3.4 Water Electrolysis Device Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Water Electrolysis Device Players Revenue Ranking (2024)
2.2 Global Water Electrolysis Device Revenue by Company (2020-2025)
2.3 Global Water Electrolysis Device Players Sales Volume Ranking (2024)
2.4 Global Water Electrolysis Device Sales Volume by Company Players (2020-2025)
2.5 Global Water Electrolysis Device Average Price by Company (2020-2025)
2.6 Key Manufacturers Water Electrolysis Device Manufacturing Base and Headquarters
2.7 Key Manufacturers Water Electrolysis Device Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Water Electrolysis Device
2.9 Water Electrolysis Device Market Competitive Analysis
2.9.1 Water Electrolysis Device Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Water Electrolysis Device Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Water Electrolysis Device as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Traditional Alkaline Electroliser
3.1.2 PEM Electroliser
3.2 Global Water Electrolysis Device Sales Value by Type
3.2.1 Global Water Electrolysis Device Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Water Electrolysis Device Sales Value, by Type (2020-2031)
3.2.3 Global Water Electrolysis Device Sales Value, by Type (%) (2020-2031)
3.3 Global Water Electrolysis Device Sales Volume by Type
3.3.1 Global Water Electrolysis Device Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Water Electrolysis Device Sales Volume, by Type (2020-2031)
3.3.3 Global Water Electrolysis Device Sales Volume, by Type (%) (2020-2031)
3.4 Global Water Electrolysis Device Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Plants
4.1.2 Steel Plant
4.1.3 Electronics and Photovoltaics
4.1.4 Industrial Gases
4.1.5 Energy Storage or Fueling for FCEV's
4.1.6 Power to Gas
4.1.7 Others
4.2 Global Water Electrolysis Device Sales Value by Application
4.2.1 Global Water Electrolysis Device Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Water Electrolysis Device Sales Value, by Application (2020-2031)
4.2.3 Global Water Electrolysis Device Sales Value, by Application (%) (2020-2031)
4.3 Global Water Electrolysis Device Sales Volume by Application
4.3.1 Global Water Electrolysis Device Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Water Electrolysis Device Sales Volume, by Application (2020-2031)
4.3.3 Global Water Electrolysis Device Sales Volume, by Application (%) (2020-2031)
4.4 Global Water Electrolysis Device Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Water Electrolysis Device Sales Value by Region
5.1.1 Global Water Electrolysis Device Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Water Electrolysis Device Sales Value by Region (2020-2025)
5.1.3 Global Water Electrolysis Device Sales Value by Region (2026-2031)
5.1.4 Global Water Electrolysis Device Sales Value by Region (%), (2020-2031)
5.2 Global Water Electrolysis Device Sales Volume by Region
5.2.1 Global Water Electrolysis Device Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Water Electrolysis Device Sales Volume by Region (2020-2025)
5.2.3 Global Water Electrolysis Device Sales Volume by Region (2026-2031)
5.2.4 Global Water Electrolysis Device Sales Volume by Region (%), (2020-2031)
5.3 Global Water Electrolysis Device Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Water Electrolysis Device Sales Value, 2020-2031
5.4.2 North America Water Electrolysis Device Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Water Electrolysis Device Sales Value, 2020-2031
5.5.2 Europe Water Electrolysis Device Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Water Electrolysis Device Sales Value, 2020-2031
5.6.2 Asia Pacific Water Electrolysis Device Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Water Electrolysis Device Sales Value, 2020-2031
5.7.2 South America Water Electrolysis Device Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Water Electrolysis Device Sales Value, 2020-2031
5.8.2 Middle East & Africa Water Electrolysis Device Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Water Electrolysis Device Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Water Electrolysis Device Sales Value
6.2.1 Key Countries/Regions Water Electrolysis Device Sales Value, 2020-2031
6.2.2 Key Countries/Regions Water Electrolysis Device Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Water Electrolysis Device Sales Value, 2020-2031
6.3.2 United States Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Water Electrolysis Device Sales Value, 2020-2031
6.4.2 Europe Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Water Electrolysis Device Sales Value, 2020-2031
6.5.2 China Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.5.3 China Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Water Electrolysis Device Sales Value, 2020-2031
6.6.2 Japan Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Water Electrolysis Device Sales Value, 2020-2031
6.7.2 South Korea Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Water Electrolysis Device Sales Value, 2020-2031
6.8.2 Southeast Asia Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Water Electrolysis Device Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Water Electrolysis Device Sales Value, 2020-2031
6.9.2 India Water Electrolysis Device Sales Value by Type (%), 2024 VS 2031
6.9.3 India Water Electrolysis Device Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 718th Research Institute of CSIC
7.1.1 718th Research Institute of CSIC Company Information
7.1.2 718th Research Institute of CSIC Introduction and Business Overview
7.1.3 718th Research Institute of CSIC Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 718th Research Institute of CSIC Water Electrolysis Device Product Offerings
7.1.5 718th Research Institute of CSIC Recent Development
7.2 Suzhou Jingli
7.2.1 Suzhou Jingli Company Information
7.2.2 Suzhou Jingli Introduction and Business Overview
7.2.3 Suzhou Jingli Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Suzhou Jingli Water Electrolysis Device Product Offerings
7.2.5 Suzhou Jingli Recent Development
7.3 Proton On-Site
7.3.1 Proton On-Site Company Information
7.3.2 Proton On-Site Introduction and Business Overview
7.3.3 Proton On-Site Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Proton On-Site Water Electrolysis Device Product Offerings
7.3.5 Proton On-Site Recent Development
7.4 Cummins
7.4.1 Cummins Company Information
7.4.2 Cummins Introduction and Business Overview
7.4.3 Cummins Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Cummins Water Electrolysis Device Product Offerings
7.4.5 Cummins Recent Development
7.5 Siemens
7.5.1 Siemens Company Information
7.5.2 Siemens Introduction and Business Overview
7.5.3 Siemens Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Siemens Water Electrolysis Device Product Offerings
7.5.5 Siemens Recent Development
7.6 Teledyne Energy Systems
7.6.1 Teledyne Energy Systems Company Information
7.6.2 Teledyne Energy Systems Introduction and Business Overview
7.6.3 Teledyne Energy Systems Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Teledyne Energy Systems Water Electrolysis Device Product Offerings
7.6.5 Teledyne Energy Systems Recent Development
7.7 EM Solution
7.7.1 EM Solution Company Information
7.7.2 EM Solution Introduction and Business Overview
7.7.3 EM Solution Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 EM Solution Water Electrolysis Device Product Offerings
7.7.5 EM Solution Recent Development
7.8 McPhy
7.8.1 McPhy Company Information
7.8.2 McPhy Introduction and Business Overview
7.8.3 McPhy Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 McPhy Water Electrolysis Device Product Offerings
7.8.5 McPhy Recent Development
7.9 Nel Hydrogen
7.9.1 Nel Hydrogen Company Information
7.9.2 Nel Hydrogen Introduction and Business Overview
7.9.3 Nel Hydrogen Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Nel Hydrogen Water Electrolysis Device Product Offerings
7.9.5 Nel Hydrogen Recent Development
7.10 Toshiba
7.10.1 Toshiba Company Information
7.10.2 Toshiba Introduction and Business Overview
7.10.3 Toshiba Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Toshiba Water Electrolysis Device Product Offerings
7.10.5 Toshiba Recent Development
7.11 TianJin Mainland
7.11.1 TianJin Mainland Company Information
7.11.2 TianJin Mainland Introduction and Business Overview
7.11.3 TianJin Mainland Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 TianJin Mainland Water Electrolysis Device Product Offerings
7.11.5 TianJin Mainland Recent Development
7.12 Yangzhou Chungdean Hydrogen Equipment
7.12.1 Yangzhou Chungdean Hydrogen Equipment Company Information
7.12.2 Yangzhou Chungdean Hydrogen Equipment Introduction and Business Overview
7.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Device Product Offerings
7.12.5 Yangzhou Chungdean Hydrogen Equipment Recent Development
7.13 Elogen
7.13.1 Elogen Company Information
7.13.2 Elogen Introduction and Business Overview
7.13.3 Elogen Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Elogen Water Electrolysis Device Product Offerings
7.13.5 Elogen Recent Development
7.14 Erredue SpA
7.14.1 Erredue SpA Company Information
7.14.2 Erredue SpA Introduction and Business Overview
7.14.3 Erredue SpA Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Erredue SpA Water Electrolysis Device Product Offerings
7.14.5 Erredue SpA Recent Development
7.15 Kobelco Eco-Solutions
7.15.1 Kobelco Eco-Solutions Company Information
7.15.2 Kobelco Eco-Solutions Introduction and Business Overview
7.15.3 Kobelco Eco-Solutions Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Kobelco Eco-Solutions Water Electrolysis Device Product Offerings
7.15.5 Kobelco Eco-Solutions Recent Development
7.16 ITM Power
7.16.1 ITM Power Company Information
7.16.2 ITM Power Introduction and Business Overview
7.16.3 ITM Power Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 ITM Power Water Electrolysis Device Product Offerings
7.16.5 ITM Power Recent Development
7.17 Idroenergy Spa
7.17.1 Idroenergy Spa Company Information
7.17.2 Idroenergy Spa Introduction and Business Overview
7.17.3 Idroenergy Spa Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Idroenergy Spa Water Electrolysis Device Product Offerings
7.17.5 Idroenergy Spa Recent Development
7.18 ShaanXi HuaQin
7.18.1 ShaanXi HuaQin Company Information
7.18.2 ShaanXi HuaQin Introduction and Business Overview
7.18.3 ShaanXi HuaQin Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 ShaanXi HuaQin Water Electrolysis Device Product Offerings
7.18.5 ShaanXi HuaQin Recent Development
7.19 Beijing Zhongdian
7.19.1 Beijing Zhongdian Company Information
7.19.2 Beijing Zhongdian Introduction and Business Overview
7.19.3 Beijing Zhongdian Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Beijing Zhongdian Water Electrolysis Device Product Offerings
7.19.5 Beijing Zhongdian Recent Development
7.20 Elchemtech
7.20.1 Elchemtech Company Information
7.20.2 Elchemtech Introduction and Business Overview
7.20.3 Elchemtech Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Elchemtech Water Electrolysis Device Product Offerings
7.20.5 Elchemtech Recent Development
7.21 H2B2
7.21.1 H2B2 Company Information
7.21.2 H2B2 Introduction and Business Overview
7.21.3 H2B2 Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 H2B2 Water Electrolysis Device Product Offerings
7.21.5 H2B2 Recent Development
7.22 Verde LLC
7.22.1 Verde LLC Company Information
7.22.2 Verde LLC Introduction and Business Overview
7.22.3 Verde LLC Water Electrolysis Device Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Verde LLC Water Electrolysis Device Product Offerings
7.22.5 Verde LLC Recent Development
8 Industry Chain Analysis
8.1 Water Electrolysis Device Industrial Chain
8.2 Water Electrolysis Device Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Water Electrolysis Device Sales Model
8.5.2 Sales Channel
8.5.3 Water Electrolysis Device Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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