Global Water Electrolysis Device Market Growth 2025-2031

The global Water Electrolysis Device market size is predicted to grow from US$ 296 million in 2025 to US$ 586 million in 2031; it is expected to grow at a CAGR of 12.0% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Water Electrolysis Device Industry Forecast” looks at past sales and reviews total world Water Electrolysis Device sales in 2024, providing a comprehensive analysis by region and market sector of projected Water Electrolysis Device sales for 2025 through 2031. With Water Electrolysis Device sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Water Electrolysis Device industry.

This Insight Report provides a comprehensive analysis of the global Water Electrolysis Device 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 Device portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Water Electrolysis Device market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Water Electrolysis Device 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 Device.

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

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 analysing 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 Device market?

What factors are driving Water Electrolysis Device market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Water Electrolysis Device market opportunities vary by end market size?

How does Water Electrolysis Device break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.