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.
Water Electrolysis Device Market contains market size and forecasts of Water Electrolysis Device in global, including the following market information:
- Global Water Electrolysis Device Market Revenue, 2017-2022, 2023-2028, ($ millions)
- Global Water Electrolysis Device Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Water Electrolysis Device companies in 2021 (%)
The global Water Electrolysis Device market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Traditional Alkaline Electroliser Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Water Electrolysis Device include 718th Research Institute of CSIC, Suzhou Jingli, Proton On-Site, Cummins, Siemens, Teledyne Energy Systems, EM Solution, McPhy and Nel Hydrogen, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Water Electrolysis Device manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Water Electrolysis Device Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Water Electrolysis Device Market Segment Percentages, by Type, 2021 (%)
- Traditional Alkaline Electroliser
- PEM Electroliser
Global Water Electrolysis Device Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Water Electrolysis Device Market Segment Percentages, by Application, 2021 (%)
- Power Plants
- Steel Plant
- Electronics and Photovoltaics
- Industrial Gases
- Energy Storage or Fueling for FCEV's
- Power to Gas
- Others
Global Water Electrolysis Device Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Water Electrolysis Device Market Segment Percentages, By Region and Country, 2021 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Water Electrolysis Device revenues in global market, 2017-2022 (Estimated), ($ millions)
- Key companies Water Electrolysis Device revenues share in global market, 2021 (%)
- Key companies Water Electrolysis Device sales in global market, 2017-2022 (Estimated), (Units)
- Key companies Water Electrolysis Device sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
- 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
Industry Market Size
