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Water Electrolysis Equipment Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Water Electrolysis Equipment Market SizeThe global Water Electrolysis Equipment market was valued at US$ 885 million in 2023 and is anticipated to reach US$ 18840 million by 2030, witnessing a CAGR of 51.3% during the forecast period 2024-2030.
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Water Electrolysis Equipment Market Share
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.
By Type
• PEM Electrolyzer
• Alkaline Electrolyzer
By Application
• Power to Gas
• Chemical Industry and Refining
• Metallurgy and Steel Industry
• Hydrogen Refueling Station
• Power Industry
• Electronics and Semiconductor
Key Companies
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
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