Industry: Machinery & Equipment
Published Date: 2025-11-09
Pages: 119 Pages
Report ld: 5415606
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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 Water Electrolysis Device market size was 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.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Water Electrolysis Device market competitiveness, regional economic performance, and supply chain configurations.
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.
The global Water Electrolysis Device market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Water Electrolysis Device market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., PEM Electroliser in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Steel Plant in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
WHY THIS REPORT
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Water Electrolysis Device value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
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:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Water Electrolysis Device Product Scope
1.2 Water Electrolysis Device by Type
1.2.1 Global Water Electrolysis Device Sales by Type (2020 & 2024 & 2031)
1.2.2 Traditional Alkaline Electroliser
1.2.3 PEM Electroliser
1.3 Water Electrolysis Device by Application
1.3.1 Global Water Electrolysis Device Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Power Plants
1.3.3 Steel Plant
1.3.4 Electronics and Photovoltaics
1.3.5 Industrial Gases
1.3.6 Energy Storage or Fueling for FCEV's
1.3.7 Power to Gas
1.3.8 Others
1.4 Global Water Electrolysis Device Market Estimates and Forecasts (2020-2031)
1.4.1 Global Water Electrolysis Device Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Water Electrolysis Device Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Water Electrolysis Device Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Water Electrolysis Device Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Water Electrolysis Device Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Water Electrolysis Device Sales Market Share by Region (2020-2025)
2.2.2 Global Water Electrolysis Device Revenue Market Share by Region (2020-2025)
2.3 Global Water Electrolysis Device Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Water Electrolysis Device Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Water Electrolysis Device Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Water Electrolysis Device Market Size and Prospective (2020-2031)
2.4.2 Europe Water Electrolysis Device Market Size and Prospective (2020-2031)
2.4.3 China Water Electrolysis Device Market Size and Prospective (2020-2031)
2.4.4 Japan Water Electrolysis Device Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Water Electrolysis Device Historic Market Review by Type (2020-2025)
3.1.1 Global Water Electrolysis Device Sales by Type (2020-2025)
3.1.2 Global Water Electrolysis Device Revenue by Type (2020-2025)
3.1.3 Global Water Electrolysis Device Price by Type (2020-2025)
3.2 Global Water Electrolysis Device Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Water Electrolysis Device Sales Forecast by Type (2026-2031)
3.2.2 Global Water Electrolysis Device Revenue Forecast by Type (2026-2031)
3.2.3 Global Water Electrolysis Device Price Forecast by Type (2026-2031)
3.3 Different Types Water Electrolysis Device Representative Players
4 Global Market Size by Application
4.1 Global Water Electrolysis Device Historic Market Review by Application (2020-2025)
4.1.1 Global Water Electrolysis Device Sales by Application (2020-2025)
4.1.2 Global Water Electrolysis Device Revenue by Application (2020-2025)
4.1.3 Global Water Electrolysis Device Price by Application (2020-2025)
4.2 Global Water Electrolysis Device Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Water Electrolysis Device Sales Forecast by Application (2026-2031)
4.2.2 Global Water Electrolysis Device Revenue Forecast by Application (2026-2031)
4.2.3 Global Water Electrolysis Device Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Water Electrolysis Device Application
5 Competition Landscape by Players
5.1 Global Water Electrolysis Device Sales by Players (2020-2025)
5.2 Global Top Water Electrolysis Device Players by Revenue (2020-2025)
5.3 Global Water Electrolysis Device Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Water Electrolysis Device as of 2024)
5.4 Global Water Electrolysis Device Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Water Electrolysis Device, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Water Electrolysis Device, Product Type & Application
5.7 Global Key Manufacturers of Water Electrolysis Device, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Water Electrolysis Device Sales by Company
6.1.1.1 North America Water Electrolysis Device Sales by Company (2020-2025)
6.1.1.2 North America Water Electrolysis Device Revenue by Company (2020-2025)
6.1.2 North America Water Electrolysis Device Sales Breakdown by Type (2020-2025)
6.1.3 North America Water Electrolysis Device Sales Breakdown by Application (2020-2025)
6.1.4 North America Water Electrolysis Device Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Water Electrolysis Device Sales by Company
6.2.1.1 Europe Water Electrolysis Device Sales by Company (2020-2025)
6.2.1.2 Europe Water Electrolysis Device Revenue by Company (2020-2025)
6.2.2 Europe Water Electrolysis Device Sales Breakdown by Type (2020-2025)
6.2.3 Europe Water Electrolysis Device Sales Breakdown by Application (2020-2025)
6.2.4 Europe Water Electrolysis Device Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Water Electrolysis Device Sales by Company
6.3.1.1 China Water Electrolysis Device Sales by Company (2020-2025)
6.3.1.2 China Water Electrolysis Device Revenue by Company (2020-2025)
6.3.2 China Water Electrolysis Device Sales Breakdown by Type (2020-2025)
6.3.3 China Water Electrolysis Device Sales Breakdown by Application (2020-2025)
6.3.4 China Water Electrolysis Device Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Water Electrolysis Device Sales by Company
6.4.1.1 Japan Water Electrolysis Device Sales by Company (2020-2025)
6.4.1.2 Japan Water Electrolysis Device Revenue by Company (2020-2025)
6.4.2 Japan Water Electrolysis Device Sales Breakdown by Type (2020-2025)
6.4.3 Japan Water Electrolysis Device Sales Breakdown by Application (2020-2025)
6.4.4 Japan Water Electrolysis Device Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
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 Business Overview
7.1.3 718th Research Institute of CSIC Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.1.4 718th Research Institute of CSIC Water Electrolysis Device Products Offered
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 Business Overview
7.2.3 Suzhou Jingli Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Suzhou Jingli Water Electrolysis Device Products Offered
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 Business Overview
7.3.3 Proton On-Site Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.3.4 Proton On-Site Water Electrolysis Device Products Offered
7.3.5 Proton On-Site Recent Development
7.4 Cummins
7.4.1 Cummins Company Information
7.4.2 Cummins Business Overview
7.4.3 Cummins Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Cummins Water Electrolysis Device Products Offered
7.4.5 Cummins Recent Development
7.5 Siemens
7.5.1 Siemens Company Information
7.5.2 Siemens Business Overview
7.5.3 Siemens Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Siemens Water Electrolysis Device Products Offered
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 Business Overview
7.6.3 Teledyne Energy Systems Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Teledyne Energy Systems Water Electrolysis Device Products Offered
7.6.5 Teledyne Energy Systems Recent Development
7.7 EM Solution
7.7.1 EM Solution Company Information
7.7.2 EM Solution Business Overview
7.7.3 EM Solution Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.7.4 EM Solution Water Electrolysis Device Products Offered
7.7.5 EM Solution Recent Development
7.8 McPhy
7.8.1 McPhy Company Information
7.8.2 McPhy Business Overview
7.8.3 McPhy Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.8.4 McPhy Water Electrolysis Device Products Offered
7.8.5 McPhy Recent Development
7.9 Nel Hydrogen
7.9.1 Nel Hydrogen Company Information
7.9.2 Nel Hydrogen Business Overview
7.9.3 Nel Hydrogen Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Nel Hydrogen Water Electrolysis Device Products Offered
7.9.5 Nel Hydrogen Recent Development
7.10 Toshiba
7.10.1 Toshiba Company Information
7.10.2 Toshiba Business Overview
7.10.3 Toshiba Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Toshiba Water Electrolysis Device Products Offered
7.10.5 Toshiba Recent Development
7.11 TianJin Mainland
7.11.1 TianJin Mainland Company Information
7.11.2 TianJin Mainland Business Overview
7.11.3 TianJin Mainland Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.11.4 TianJin Mainland Water Electrolysis Device Products Offered
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 Business Overview
7.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Device Products Offered
7.12.5 Yangzhou Chungdean Hydrogen Equipment Recent Development
7.13 Elogen
7.13.1 Elogen Company Information
7.13.2 Elogen Business Overview
7.13.3 Elogen Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Elogen Water Electrolysis Device Products Offered
7.13.5 Elogen Recent Development
7.14 Erredue SpA
7.14.1 Erredue SpA Company Information
7.14.2 Erredue SpA Business Overview
7.14.3 Erredue SpA Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Erredue SpA Water Electrolysis Device Products Offered
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 Business Overview
7.15.3 Kobelco Eco-Solutions Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.15.4 Kobelco Eco-Solutions Water Electrolysis Device Products Offered
7.15.5 Kobelco Eco-Solutions Recent Development
7.16 ITM Power
7.16.1 ITM Power Company Information
7.16.2 ITM Power Business Overview
7.16.3 ITM Power Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.16.4 ITM Power Water Electrolysis Device Products Offered
7.16.5 ITM Power Recent Development
7.17 Idroenergy Spa
7.17.1 Idroenergy Spa Company Information
7.17.2 Idroenergy Spa Business Overview
7.17.3 Idroenergy Spa Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Idroenergy Spa Water Electrolysis Device Products Offered
7.17.5 Idroenergy Spa Recent Development
7.18 ShaanXi HuaQin
7.18.1 ShaanXi HuaQin Company Information
7.18.2 ShaanXi HuaQin Business Overview
7.18.3 ShaanXi HuaQin Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.18.4 ShaanXi HuaQin Water Electrolysis Device Products Offered
7.18.5 ShaanXi HuaQin Recent Development
7.19 Beijing Zhongdian
7.19.1 Beijing Zhongdian Company Information
7.19.2 Beijing Zhongdian Business Overview
7.19.3 Beijing Zhongdian Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Beijing Zhongdian Water Electrolysis Device Products Offered
7.19.5 Beijing Zhongdian Recent Development
7.20 Elchemtech
7.20.1 Elchemtech Company Information
7.20.2 Elchemtech Business Overview
7.20.3 Elchemtech Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Elchemtech Water Electrolysis Device Products Offered
7.20.5 Elchemtech Recent Development
7.21 H2B2
7.21.1 H2B2 Company Information
7.21.2 H2B2 Business Overview
7.21.3 H2B2 Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.21.4 H2B2 Water Electrolysis Device Products Offered
7.21.5 H2B2 Recent Development
7.22 Verde LLC
7.22.1 Verde LLC Company Information
7.22.2 Verde LLC Business Overview
7.22.3 Verde LLC Water Electrolysis Device Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Verde LLC Water Electrolysis Device Products Offered
7.22.5 Verde LLC Recent Development
8 Water Electrolysis Device Manufacturing Cost Analysis
8.1 Water Electrolysis Device Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Water Electrolysis Device
8.4 Water Electrolysis Device Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Water Electrolysis Device Distributors List
9.3 Water Electrolysis Device Customers
10 Water Electrolysis Device Market Dynamics
10.1 Water Electrolysis Device Industry Trends
10.2 Water Electrolysis Device Market Drivers
10.3 Water Electrolysis Device Market Challenges
10.4 Water Electrolysis Device Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 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
WHY THIS REPORT
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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