Global Water Electrolysis Equipment Market Growth 2025-2031

The global Water Electrolysis Equipment market size is predicted to grow from US$ 1536 million in 2025 to US$ 19880 million in 2031; it is expected to grow at a CAGR of 53.2% from 2025 to 2031.

Global key players of Water Electrolysis Equipment include Nel Hydrogen, Siemens, Plug Power, PERIC Hydrogen Technologies, Hydrogen Pro, etc. The top five players hold a share about 46%. China is the world's largest market for Water Electrolysis Equipment and holds a share about 37%, followed by Europe and North America, with share about 31% and 21%, separately. In terms of product type, Alkaline Electrolyzer is the largest segment, accounting for a share about 55%. In terms of application, Power to Gas is the largest field with a share about 38 percent.

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

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

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

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

Segmentation by Type:

PEM Electrolyzer

Alkaline Electrolyzer

Others

Segmentation by Application:

Power to Gas

Chemical Industry and Refining

Metallurgy and Steel Industry

Hydrogen Refueling Station

Power Industry

Electronics and Semiconductor

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.

PERIC Hydrogen Technologies

Nel Hydrogen

Longi Green Energy Technology

Sungrow Power Supply

Hydrogen Pro

Plug Power

Siemens

Cockerill Jingli Hydrogen

ThyssenKrupp

Sunfire

McPhy

SANY Hydrogen

TianJin Mainland

Beijing Zhongdian

Cummins

CIMC GH2 Technology

ShaanXi HuaQin

Verde Hydrogen

SPIC Hydrogen Technology

Teledyne Energy Systems

EM Solution

H2B2

Shandong Saikesaisi Hydrogen Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Water Electrolysis Equipment market?

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

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

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

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

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