Global Water Electrolysis Hydrogen Equipment Supply, Demand and Key Producers, 2026-2032

The global Water Electrolysis Hydrogen Equipment market size is expected to reach $ 33550 million by 2032, rising at a market growth of 44.5% CAGR during the forecast period (2026-2032).

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.

Hydrogen energy is a secondary energy with abundant sources, green and low carbon, and widely used. It is being regarded as an important carrier for achieving energy transformation. Governments of various countries have clearly positioned hydrogen energy as an important part of the future national energy system and an important carrier for energy users to achieve green and low-carbon transformation. Major countries and regions in the world, such as Europe and the United States, have elevated the development of hydrogen energy to the height of national economic development strategies, and have successively introduced hydrogen energy development plans and incentive mechanisms in the past two years. In recent years, at least hundreds of companies have entered the hydrogen energy industry, and the market has maintained an extremely high growth rate. It is expected that hydrogen-powered vehicles, hydrogen refueling stations, hydrogen storage and transportation, electrolyzers, etc. will bring trillions of dollars in market demand in the future. After the global economy experienced a historic recession in 2020, the electrolysis water equipment industry showed an extremely fast growth rate from 2021 to 2023. This is due to the support of government policies and the emphasis of various companies on sustainable development. Coupled with the continuous emergence of new entrants, electrolysis water equipment has maintained an extremely fast growth rate.

This report studies the global Water Electrolysis Hydrogen Equipment production, demand, key manufacturers, and key regions.

This report is a detailed and comprehensive analysis of the world market for Water Electrolysis Hydrogen Equipment and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Water Electrolysis Hydrogen Equipment that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Water Electrolysis Hydrogen Equipment total production and demand, 2021-2032, (MW)

Global Water Electrolysis Hydrogen Equipment total production value, 2021-2032, (USD Million)

Global Water Electrolysis Hydrogen Equipment production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MW), (based on production site)

Global Water Electrolysis Hydrogen Equipment consumption by region & country, CAGR, 2021-2032 & (MW)

U.S. VS China: Water Electrolysis Hydrogen Equipment domestic production, consumption, key domestic manufacturers and share

Global Water Electrolysis Hydrogen Equipment production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MW)

Global Water Electrolysis Hydrogen Equipment production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MW)

Global Water Electrolysis Hydrogen Equipment production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MW)

This report profiles key players in the global Water Electrolysis Hydrogen Equipment market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include ThyssenKrupp Nucera, Siemens, Cummins Accelera, Nel Hydrogen, PERIC Hydrogen Technologies, Sunfire, Sungrow Power Supply, Longi Green Energy Technology, Zhuzhou CRRC Times Electric, Plug Power, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Water Electrolysis Hydrogen Equipment market

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MW) and average price (US$/KW) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.

Global Water Electrolysis Hydrogen Equipment Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Water Electrolysis Hydrogen Equipment Market, Segmentation by Type:
PEM Electrolyzer
Alkaline Electrolyzer
Others

Global Water Electrolysis Hydrogen Equipment Market, Segmentation by Application:
Power to Gas
Chemical Industry and Refining
Metallurgy and Steel Industry
Hydrogen Refueling Station
Power Industry
Electronics and Semiconductor
Others

Companies Profiled:
ThyssenKrupp Nucera
Siemens
Cummins Accelera
Nel Hydrogen
PERIC Hydrogen Technologies
Sunfire
Sungrow Power Supply
Longi Green Energy Technology
Zhuzhou CRRC Times Electric
Plug Power
Mingyang Hydrogen Tech
Cockerill Jingli Hydrogen
TianJin Mainland
ITM Power
H2B2
Beijing Zhongdian
McPhy
Beijing Power Equipment Group
Hydrogen Pro
Shandong Saikesaisi Hydrogen Energy
Elogen
Teledyne Energy Systems
Elchemtech
Toshiba
Verde Hydrogen
ShaanXi HuaQin
Ohmium
CIMC GH2 Technology
Kobelco Eco-Solutions
EM Solution
SANY Hydrogen

Key Questions Answered:

1. How big is the global Water Electrolysis Hydrogen Equipment market?

2. What is the demand of the global Water Electrolysis Hydrogen Equipment market?

3. What is the year over year growth of the global Water Electrolysis Hydrogen Equipment market?

4. What is the production and production value of the global Water Electrolysis Hydrogen Equipment market?

5. Who are the key producers in the global Water Electrolysis Hydrogen Equipment market?

6. What are the growth factors driving the market demand? Show more