Water Electrolysis Hydrogen Equipment Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports

Water Electrolysis Hydrogen Equipment Market Size
The global Water Electrolysis Hydrogen Equipment market was valued at US$ 1196 million in 2023 and is anticipated to reach US$ 17140 million by 2030, witnessing a CAGR of 45.6% during the forecast period 2024-2030.

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Water Electrolysis Hydrogen Equipment Market
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.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Water Electrolysis Hydrogen Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Water Electrolysis Hydrogen Equipment.
The Water Electrolysis Hydrogen Equipment market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Water Electrolysis Hydrogen Equipment market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Water Electrolysis Hydrogen Equipment manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

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by Type

• PEM Electrolyzer
• Alkaline Electrolyzer
• Others

by Application

• Power to Gas
• Chemical Industry and Refining
• Metallurgy and Steel Industry
• Hydrogen Refueling Station
• Power Industry
• Electronics and Semiconductor
• Others

By Company

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

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