Global Water Electrolysis Market Growth 2023-2029

Global Water Electrolysis Market Growth 2023-2029

Product Code:459714

Published Date: Apr 26,2023

Pages: 123

Region: Global

Category: Machinery & Equipment

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The global Water Electrolysis market size is projected to grow from US$ 422.8 million in 2022 to US$ 4002.4 million in 2029; it is expected to grow at a CAGR of 37.9% from 2023 to 2029.

Global key players of water electrolysis include 718th Research Institute of CSIC and Proton On-Site. The top two players hold a share about 26%. The global origin is mainly located in North America, Europe, China, Japan and Korea. In terms of product, traditional alkaline electroliser is the largest segment, with a share about 70%. And in terms of application, the largest application is energy storage or fueling for FCEV's, with a share about 26%.

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.

LPI (LP Information)' newest research report, the “Water Electrolysis Industry Forecast” looks at past sales and reviews total world Water Electrolysis sales in 2022, providing a comprehensive analysis by region and market sector of projected Water Electrolysis sales for 2023 through 2029. With Water Electrolysis sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Water Electrolysis industry.

This Insight Report provides a comprehensive analysis of the global Water Electrolysis landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Water Electrolysis portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Water Electrolysis market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Water Electrolysis and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Water Electrolysis.

This report presents a comprehensive overview, market shares, and growth opportunities of Water Electrolysis market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Traditional Alkaline Electroliser
    PEM Electroliser

Segmentation by application
    Power Plants
    Steel Plant
    Electronics and Photovoltaics
    Industrial Gases
    Energy Storage or Fueling for FCEV's
    Power to Gas
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Water Electrolysis market?
What factors are driving Water Electrolysis market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Water Electrolysis market opportunities vary by end market size?
How does Water Electrolysis break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?