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Global Water Electrolysis Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Oct 30, 2025
Length 171 Pages
SKU # BOSS20730055

Description

Report Overview

Water electrolyzers are devices designed to split water molecules into hydrogen and oxygen gases through the application of an electrical current. This process, known as water electrolysis, is fundamental to the production of clean hydrogen, which serves as an energy carrier, industrial feedstock, and a pathway to decarbonize various sectors. Electrolyzers come in several configurations such as alkaline electrolyzers, proton exchange membrane (PEM) electrolyzers, and solid oxide electrolyzers, each offering unique advantages in terms of efficiency, scalability, operating conditions, and cost. Their adoption is closely tied to the availability of low-carbon electricity, as renewable-powered electrolysis is the key to producing green hydrogen, which is increasingly positioned as a cornerstone of the global energy transition.

In 2024, the global water electrolyzers market is reasonably estimated at USD 885 million, reflecting robust growth compared to previous years. Looking ahead, the market is projected to expand at a compound annual growth rate (CAGR) of about 38.5% between 2024 and 2033. This expansion is being driven by accelerating commitments to carbon neutrality, a rapid decline in renewable energy costs, and advances in electrolyzer efficiency that lower the cost of green hydrogen production. At the same time, governments across the world are implementing ambitious hydrogen roadmaps, subsidies, and infrastructure investments, further supporting adoption. Demand is also broadening across multiple sectors: in transportation, hydrogen is being adopted for fuel-cell vehicles; in chemicals, it is increasingly used to decarbonize ammonia and methanol production; in power generation, it serves as both a fuel and a storage medium for renewable energy; and in heavy industry, it is gradually replacing fossil fuels for high-temperature processes. Consequently, the market is not only expanding in size but also diversifying in its end-user base, ensuring sustained long-term momentum.

The global Water Electrolysis market size was estimated at USD XX million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of XX% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Water Electrolysis market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Water Electrolysis market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Water Electrolysis market.

Global Water Electrolysis Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

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 Segmentation (by Type)

Traditional Alkaline Electroliser

PEM Electroliser

Market Segmentation (by Application)

Power Plants

Steel Plant

Electronics and Photovoltaics

Industrial Gases

Energy Storage or Fueling for FCEV's

Power to Gas

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Water Electrolysis Market

Overview of the regional outlook of the Water Electrolysis Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an 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 Water Electrolysis Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 shares the main producing countries of Water Electrolysis, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

171 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Water Electrolysis
1.2 Key Market Segments
1.2.1 Water Electrolysis Segment by Type
1.2.2 Water Electrolysis Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Water Electrolysis Market Overview
2.1 Global Market Overview
2.1.1 Global Water Electrolysis Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Water Electrolysis Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Water Electrolysis Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Water Electrolysis Product Life Cycle
3.3 Global Water Electrolysis Sales by Manufacturers (2020-2025)
3.4 Global Water Electrolysis Revenue Market Share by Manufacturers (2020-2025)
3.5 Water Electrolysis Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Water Electrolysis Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Water Electrolysis Market Competitive Situation and Trends
3.8.1 Water Electrolysis Market Concentration Rate
3.8.2 Global 5 and 10 Largest Water Electrolysis Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Water Electrolysis Industry Chain Analysis
4.1 Water Electrolysis Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Water Electrolysis Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Water Electrolysis Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Water Electrolysis Market
5.7 ESG Ratings of Leading Companies
6 Water Electrolysis Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Water Electrolysis Sales Market Share by Type (2020-2025)
6.3 Global Water Electrolysis Market Size Market Share by Type (2020-2025)
6.4 Global Water Electrolysis Price by Type (2020-2025)
7 Water Electrolysis Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Water Electrolysis Market Sales by Application (2020-2025)
7.3 Global Water Electrolysis Market Size (M USD) by Application (2020-2025)
7.4 Global Water Electrolysis Sales Growth Rate by Application (2020-2025)
8 Water Electrolysis Market Sales by Region
8.1 Global Water Electrolysis Sales by Region
8.1.1 Global Water Electrolysis Sales by Region
8.1.2 Global Water Electrolysis Sales Market Share by Region
8.2 Global Water Electrolysis Market Size by Region
8.2.1 Global Water Electrolysis Market Size by Region
8.2.2 Global Water Electrolysis Market Size Market Share by Region
8.3 North America
8.3.1 North America Water Electrolysis Sales by Country
8.3.2 North America Water Electrolysis Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Water Electrolysis Sales by Country
8.4.2 Europe Water Electrolysis Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Water Electrolysis Sales by Region
8.5.2 Asia Pacific Water Electrolysis Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Water Electrolysis Sales by Country
8.6.2 South America Water Electrolysis Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Water Electrolysis Sales by Region
8.7.2 Middle East and Africa Water Electrolysis Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Water Electrolysis Market Production by Region
9.1 Global Production of Water Electrolysis by Region(2020-2025)
9.2 Global Water Electrolysis Revenue Market Share by Region (2020-2025)
9.3 Global Water Electrolysis Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Water Electrolysis Production
9.4.1 North America Water Electrolysis Production Growth Rate (2020-2025)
9.4.2 North America Water Electrolysis Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Water Electrolysis Production
9.5.1 Europe Water Electrolysis Production Growth Rate (2020-2025)
9.5.2 Europe Water Electrolysis Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Water Electrolysis Production (2020-2025)
9.6.1 Japan Water Electrolysis Production Growth Rate (2020-2025)
9.6.2 Japan Water Electrolysis Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Water Electrolysis Production (2020-2025)
9.7.1 China Water Electrolysis Production Growth Rate (2020-2025)
9.7.2 China Water Electrolysis Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 718th Research Institute of CSIC
10.1.1 718th Research Institute of CSIC Basic Information
10.1.2 718th Research Institute of CSIC Water Electrolysis Product Overview
10.1.3 718th Research Institute of CSIC Water Electrolysis Product Market Performance
10.1.4 718th Research Institute of CSIC Business Overview
10.1.5 718th Research Institute of CSIC SWOT Analysis
10.1.6 718th Research Institute of CSIC Recent Developments
10.2 Suzhou Jingli
10.2.1 Suzhou Jingli Basic Information
10.2.2 Suzhou Jingli Water Electrolysis Product Overview
10.2.3 Suzhou Jingli Water Electrolysis Product Market Performance
10.2.4 Suzhou Jingli Business Overview
10.2.5 Suzhou Jingli SWOT Analysis
10.2.6 Suzhou Jingli Recent Developments
10.3 Proton On-Site
10.3.1 Proton On-Site Basic Information
10.3.2 Proton On-Site Water Electrolysis Product Overview
10.3.3 Proton On-Site Water Electrolysis Product Market Performance
10.3.4 Proton On-Site Business Overview
10.3.5 Proton On-Site SWOT Analysis
10.3.6 Proton On-Site Recent Developments
10.4 Cummins
10.4.1 Cummins Basic Information
10.4.2 Cummins Water Electrolysis Product Overview
10.4.3 Cummins Water Electrolysis Product Market Performance
10.4.4 Cummins Business Overview
10.4.5 Cummins Recent Developments
10.5 Siemens
10.5.1 Siemens Basic Information
10.5.2 Siemens Water Electrolysis Product Overview
10.5.3 Siemens Water Electrolysis Product Market Performance
10.5.4 Siemens Business Overview
10.5.5 Siemens Recent Developments
10.6 Teledyne Energy Systems
10.6.1 Teledyne Energy Systems Basic Information
10.6.2 Teledyne Energy Systems Water Electrolysis Product Overview
10.6.3 Teledyne Energy Systems Water Electrolysis Product Market Performance
10.6.4 Teledyne Energy Systems Business Overview
10.6.5 Teledyne Energy Systems Recent Developments
10.7 EM Solution
10.7.1 EM Solution Basic Information
10.7.2 EM Solution Water Electrolysis Product Overview
10.7.3 EM Solution Water Electrolysis Product Market Performance
10.7.4 EM Solution Business Overview
10.7.5 EM Solution Recent Developments
10.8 McPhy
10.8.1 McPhy Basic Information
10.8.2 McPhy Water Electrolysis Product Overview
10.8.3 McPhy Water Electrolysis Product Market Performance
10.8.4 McPhy Business Overview
10.8.5 McPhy Recent Developments
10.9 Nel Hydrogen
10.9.1 Nel Hydrogen Basic Information
10.9.2 Nel Hydrogen Water Electrolysis Product Overview
10.9.3 Nel Hydrogen Water Electrolysis Product Market Performance
10.9.4 Nel Hydrogen Business Overview
10.9.5 Nel Hydrogen Recent Developments
10.10 Toshiba
10.10.1 Toshiba Basic Information
10.10.2 Toshiba Water Electrolysis Product Overview
10.10.3 Toshiba Water Electrolysis Product Market Performance
10.10.4 Toshiba Business Overview
10.10.5 Toshiba Recent Developments
10.11 TianJin Mainland
10.11.1 TianJin Mainland Basic Information
10.11.2 TianJin Mainland Water Electrolysis Product Overview
10.11.3 TianJin Mainland Water Electrolysis Product Market Performance
10.11.4 TianJin Mainland Business Overview
10.11.5 TianJin Mainland Recent Developments
10.12 Yangzhou Chungdean Hydrogen Equipment
10.12.1 Yangzhou Chungdean Hydrogen Equipment Basic Information
10.12.2 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Product Overview
10.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Product Market Performance
10.12.4 Yangzhou Chungdean Hydrogen Equipment Business Overview
10.12.5 Yangzhou Chungdean Hydrogen Equipment Recent Developments
10.13 Elogen
10.13.1 Elogen Basic Information
10.13.2 Elogen Water Electrolysis Product Overview
10.13.3 Elogen Water Electrolysis Product Market Performance
10.13.4 Elogen Business Overview
10.13.5 Elogen Recent Developments
10.14 Erredue SpA
10.14.1 Erredue SpA Basic Information
10.14.2 Erredue SpA Water Electrolysis Product Overview
10.14.3 Erredue SpA Water Electrolysis Product Market Performance
10.14.4 Erredue SpA Business Overview
10.14.5 Erredue SpA Recent Developments
10.15 Kobelco Eco-Solutions
10.15.1 Kobelco Eco-Solutions Basic Information
10.15.2 Kobelco Eco-Solutions Water Electrolysis Product Overview
10.15.3 Kobelco Eco-Solutions Water Electrolysis Product Market Performance
10.15.4 Kobelco Eco-Solutions Business Overview
10.15.5 Kobelco Eco-Solutions Recent Developments
10.16 ITM Power
10.16.1 ITM Power Basic Information
10.16.2 ITM Power Water Electrolysis Product Overview
10.16.3 ITM Power Water Electrolysis Product Market Performance
10.16.4 ITM Power Business Overview
10.16.5 ITM Power Recent Developments
10.17 Idroenergy Spa
10.17.1 Idroenergy Spa Basic Information
10.17.2 Idroenergy Spa Water Electrolysis Product Overview
10.17.3 Idroenergy Spa Water Electrolysis Product Market Performance
10.17.4 Idroenergy Spa Business Overview
10.17.5 Idroenergy Spa Recent Developments
10.18 ShaanXi HuaQin
10.18.1 ShaanXi HuaQin Basic Information
10.18.2 ShaanXi HuaQin Water Electrolysis Product Overview
10.18.3 ShaanXi HuaQin Water Electrolysis Product Market Performance
10.18.4 ShaanXi HuaQin Business Overview
10.18.5 ShaanXi HuaQin Recent Developments
10.19 Beijing Zhongdian
10.19.1 Beijing Zhongdian Basic Information
10.19.2 Beijing Zhongdian Water Electrolysis Product Overview
10.19.3 Beijing Zhongdian Water Electrolysis Product Market Performance
10.19.4 Beijing Zhongdian Business Overview
10.19.5 Beijing Zhongdian Recent Developments
10.20 Elchemtech
10.20.1 Elchemtech Basic Information
10.20.2 Elchemtech Water Electrolysis Product Overview
10.20.3 Elchemtech Water Electrolysis Product Market Performance
10.20.4 Elchemtech Business Overview
10.20.5 Elchemtech Recent Developments
10.21 H2B2
10.21.1 H2B2 Basic Information
10.21.2 H2B2 Water Electrolysis Product Overview
10.21.3 H2B2 Water Electrolysis Product Market Performance
10.21.4 H2B2 Business Overview
10.21.5 H2B2 Recent Developments
10.22 Verde LLC
10.22.1 Verde LLC Basic Information
10.22.2 Verde LLC Water Electrolysis Product Overview
10.22.3 Verde LLC Water Electrolysis Product Market Performance
10.22.4 Verde LLC Business Overview
10.22.5 Verde LLC Recent Developments
11 Water Electrolysis Market Forecast by Region
11.1 Global Water Electrolysis Market Size Forecast
11.2 Global Water Electrolysis Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Water Electrolysis Market Size Forecast by Country
11.2.3 Asia Pacific Water Electrolysis Market Size Forecast by Region
11.2.4 South America Water Electrolysis Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Water Electrolysis by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Water Electrolysis Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Water Electrolysis by Type (2026-2033)
12.1.2 Global Water Electrolysis Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Water Electrolysis by Type (2026-2033)
12.2 Global Water Electrolysis Market Forecast by Application (2026-2033)
12.2.1 Global Water Electrolysis Sales (K Units) Forecast by Application
12.2.2 Global Water Electrolysis Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
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