Global Water Electrolysis Equipment Market Research Report, Competitive, Technology and Forecast Analysis 2025-2032
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Research Summary
Water electrolysis equipment is a system used to split water (H2O) into its fundamental components, hydrogen (H2) and oxygen (O2), through an electrochemical process. This is achieved by applying an electric current to water, causing the water molecules to undergo a reaction at the electrodes—hydrogen is produced at the cathode, and oxygen is generated at the anode. The equipment typically includes components such as electrolyzers, power supply units, and various sensors and controllers for monitoring and optimizing the process. Water electrolysis is a key technology for producing green hydrogen, as it can be powered by renewable energy sources like wind or solar power, making it an environmentally friendly method of hydrogen production. This technology is used in various applications, including fuel cell technology, industrial processes, and energy storage systems, offering a sustainable solution for clean energy production.
According to DIResearch's in-depth investigation and research, the global Water Electrolysis Equipment market size was valued at XX Million USD in 2024 and is projected to reach XX Million USD by 2032, with a CAGR of XX% (2025-2032). Notably, the China market has changed rapidly in the past few years. By 2024, China's market size is expected to be XX Million USD, representing approximately XX% of the global market share. By 2032, it is anticipated to grow further to XX Million USD, contributing XX% to the worldwide market share.
The major global manufacturers of Water Electrolysis Equipment include 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, etc. The global players competition landscape in this report is divided into three tiers. The first tier comprises global leading enterprises that command a substantial market share, hold a dominant industry position, possess strong competitiveness and influence, and generate significant revenue. The second tier includes companies with a notable market presence and reputation; these firms actively follow industry leaders in product, service, or technological innovation and maintain a moderate revenue scale. The third tier consists of smaller companies with limited market share and lower brand recognition, primarily focused on local markets and generating comparatively lower revenue.
This report studies the market size, price trends and future development prospects of Water Electrolysis Equipment. Focus on analysing the market share, product portfolio, prices, sales, revenue and gross profit margin of global major manufacturers, as well as the market status and trends of different product types and applications in the global Water Electrolysis Equipment market. The report data covers historical data from 2020 to 2024, based year in 2025 and forecast data from 2026 to 2032.
The regions and countries in the report include US, Germany, Japan, China, France, UK, South Korea, Canada, Italy, Russia, Mexico, Brazil, India, Vietnam, Thailand, South Africa and other regions, covering the Water Electrolysis Equipment market conditions and future development trends of key regions and countries, combined with industry-related policies and the latest technological developments, analyze the development characteristics of Water Electrolysis Equipment industries in various regions and countries, help companies understand the development characteristics of each region, help companies formulate business strategies, and achieve the ultimate goal of the company's global development strategy.
The data sources of this report mainly include the National Bureau of Statistics, customs databases, industry associations, corporate financial reports, third-party databases, etc. Among them, macroeconomic data mainly comes from the National Bureau of Statistics, International Economic Research Organization; industry statistical data mainly come from industry associations; company data mainly comes from interviews, public information collection, third-party reliable databases, and price data mainly comes from various markets monitoring database.
Global Key Manufacturers of Water Electrolysis Equipment Include:
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
Water Electrolysis Equipment Product Segment Include:
PEM Electrolyzer
Alkaline Electrolyzer
Others
Water Electrolysis Equipment Product Application Include:
Power to Gas
Chemical Industry and Refining
Metallurgy and Steel Industry
Hydrogen Refueling Station
Power Industry
Electronics and Semiconductor
Others
Chapter Scope
Chapter 1: Product Research Range, Product Types and Applications, Market Overview, Market Situation and Trend
Chapter 2: Global Water Electrolysis Equipment Industry PESTEL Analysis
Chapter 3: Global Water Electrolysis Equipment Industry Porter's Five Forces Analysis
Chapter 4: Global Water Electrolysis Equipment Major Regional Market Size (Sales, Revenue, Price) and Forecast Analysis
Chapter 5: Global Water Electrolysis Equipment Competitive Analysis of Key Manufacturers (Sales, Revenue, Market Share, Price, Regional Distribution and Industry Concentration)
Chapter 6: Global Water Electrolysis Equipment Sales, Revenue, Price and Forecast by Product Type
Chapter 7: Key Company Profiles (Product Portfolio, Sales, Revenue, Price and Gross Margin)
Chapter 8: Industrial Chain Analysis, Water Electrolysis Equipment Different Application Market Analysis (Sales and Revenue), Sales Channel Analysis
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology and Data Sources
Global Water Electrolysis Equipment Revenue, Sales and Market Share by Player
| Revenue (US$ Million) | 2020 | 2021 | 2022 | 2023 | 2024 |
| PERIC Hydrogen Technologies | XX | XX | XX | XX | XX |
| Nel Hydrogen | XX | XX | XX | XX | XX |
| Longi Green Energy Technology | XX | XX | XX | XX | XX |
| Sungrow Power Supply | XX | XX | XX | XX | XX |
| Hydrogen Pro | XX | XX | XX | XX | XX |
| Plug Power | XX | XX | XX | XX | XX |
| Siemens | XX | XX | XX | XX | XX |
| Cockerill Jingli Hydrogen | XX | XX | XX | XX | XX |
| ThyssenKrupp | XX | XX | XX | XX | XX |
| Sunfire | XX | XX | XX | XX | XX |
| McPhy | XX | XX | XX | XX | XX |
| SANY Hydrogen | XX | XX | XX | XX | XX |
| TianJin Mainland | XX | XX | XX | XX | XX |
| Beijing Zhongdian | XX | XX | XX | XX | XX |
| Cummins | XX | XX | XX | XX | XX |
| CIMC GH2 Technology | XX | XX | XX | XX | XX |
| ShaanXi HuaQin | XX | XX | XX | XX | XX |
| Verde Hydrogen | XX | XX | XX | XX | XX |
| SPIC Hydrogen Technology | XX | XX | XX | XX | XX |
| Teledyne Energy Systems | XX | XX | XX | XX | XX |
| EM Solution | XX | XX | XX | XX | XX |
| H2B2 | XX | XX | XX | XX | XX |
| Shandong Saikesaisi Hydrogen Energy | XX | XX | XX | XX | XX |
| Other Companies | XX | XX | XX | XX | XX |
| Total | XX | XX | XX | XX | XX |
| Sales (Units) | 2020 | 2021 | 2022 | 2023 | 2024 |
| PERIC Hydrogen Technologies | XX | XX | XX | XX | XX |
| Nel Hydrogen | XX | XX | XX | XX | XX |
| Longi Green Energy Technology | XX | XX | XX | XX | XX |
| Sungrow Power Supply | XX | XX | XX | XX | XX |
| Hydrogen Pro | XX | XX | XX | XX | XX |
| Plug Power | XX | XX | XX | XX | XX |
| Siemens | XX | XX | XX | XX | XX |
| Cockerill Jingli Hydrogen | XX | XX | XX | XX | XX |
| ThyssenKrupp | XX | XX | XX | XX | XX |
| Sunfire | XX | XX | XX | XX | XX |
| McPhy | XX | XX | XX | XX | XX |
| SANY Hydrogen | XX | XX | XX | XX | XX |
| TianJin Mainland | XX | XX | XX | XX | XX |
| Beijing Zhongdian | XX | XX | XX | XX | XX |
| Cummins | XX | XX | XX | XX | XX |
| CIMC GH2 Technology | XX | XX | XX | XX | XX |
| ShaanXi HuaQin | XX | XX | XX | XX | XX |
| Verde Hydrogen | XX | XX | XX | XX | XX |
| SPIC Hydrogen Technology | XX | XX | XX | XX | XX |
| Teledyne Energy Systems | XX | XX | XX | XX | XX |
| EM Solution | XX | XX | XX | XX | XX |
| H2B2 | XX | XX | XX | XX | XX |
| Shandong Saikesaisi Hydrogen Energy | XX | XX | XX | XX | XX |
| Other Companies | XX | XX | XX | XX | XX |
| Total | XX | XX | XX | XX | XX |
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