Global and United States Water Electrolysis Market Report & Forecast 2022-2028

• Description
• Table of Contents
• Table of Figures
• PDF Download

• Description
• Table of Contents
• Table of Figures
• PDF Download

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.

Market Analysis and Insights: Global and United States Water Electrolysis Market

This report focuses on global and United States Water Electrolysis market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Water Electrolysis market size is estimated to be worth US$ 458.3 million in 2022 and is forecast to a readjusted size of US$ 3240.3 million by 2028 with a CAGR of 38.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Traditional Alkaline Electroliser accounting for % of the Water Electrolysis global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Power Plants was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global water electrolysis key players include 718th Research Institute of CSIC, Proton On-Site, Suzhou Jingli etc. Global top 5 manufacturers hold a share about 55%. Asia Pacific is the largest market, with a share about 50%, followed by Europe and  North America, both have a share over 43 percent.In terms of product, traditional alkaline electroliser is the largest segment, with a share over 65%. And in terms of application, the largest application is energy storage or fueling for FCEV's, followed by power to gas.

Global Water Electrolysis Scope and Market Size
Water Electrolysis market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Water Electrolysis market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Water Electrolysis market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    Traditional Alkaline Electroliser
    PEM Electroliser

Segment by Application
    Power Plants
    Steel Plant
    Electronics and Photovoltaics
    Industrial Gases
    Energy Storage or Fueling for FCEV's
    Power to Gas
    Others

By Region
    North America
        United States
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    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

 1 Study Coverage
    1.1 Water Electrolysis Product Introduction
    1.2 Global Water Electrolysis Outlook 2017 VS 2022 VS 2028
        1.2.1 Global Water Electrolysis Sales in US$ Million for the Year 2017-2028
        1.2.2 Global Water Electrolysis Sales in Volume for the Year 2017-2028
    1.3 United States Water Electrolysis Outlook 2017 VS 2022 VS 2028
        1.3.1 United States Water Electrolysis Sales in US$ Million for the Year 2017-2028
        1.3.2 United States Water Electrolysis Sales in Volume for the Year 2017-2028
    1.4 Water Electrolysis Market Size, United States VS Global, 2017 VS 2022 VS 2028
        1.4.1 The Market Share of United States Water Electrolysis in Global, 2017 VS 2022 VS 2028
        1.4.2 The Growth Rate of Water Electrolysis Market Size, United States VS Global, 2017 VS 2022 VS 2028
    1.5 Water Electrolysis Market Dynamics
        1.5.1 Water Electrolysis Industry Trends
        1.5.2 Water Electrolysis Market Drivers
        1.5.3 Water Electrolysis Market Challenges
        1.5.4 Water Electrolysis Market Restraints
    1.6 Study Objectives
    1.7 Years Considered

 2 Market by Type
    2.1 Water Electrolysis Market Segment by Type
        2.1.1 Traditional Alkaline Electroliser
        2.1.2 PEM Electroliser
    2.2 Global Water Electrolysis Market Size by Type
        2.2.1 Global Water Electrolysis Sales in Value, by Type (2017, 2022 & 2028)
        2.2.2 Global Water Electrolysis Sales in Volume, by Type (2017, 2022 & 2028)
        2.2.3 Global Water Electrolysis Average Selling Price (ASP) by Type (2017, 2022 & 2028)
    2.3 United States Water Electrolysis Market Size by Type
        2.3.1 United States Water Electrolysis Sales in Value, by Type (2017, 2022 & 2028)
        2.3.2 United States Water Electrolysis Sales in Volume, by Type (2017, 2022 & 2028)
        2.3.3 United States Water Electrolysis Average Selling Price (ASP) by Type (2017, 2022 & 2028)

 3 Market by Application
    3.1 Water Electrolysis Market Segment by Application
        3.1.1 Power Plants
        3.1.2 Steel Plant
        3.1.3 Electronics and Photovoltaics
        3.1.4 Industrial Gases
        3.1.5 Energy Storage or Fueling for FCEV's
        3.1.6 Power to Gas
        3.1.7 Others
    3.2 Global Water Electrolysis Market Size by Application
        3.2.1 Global Water Electrolysis Sales in Value, by Application (2017, 2022 & 2028)
        3.2.2 Global Water Electrolysis Sales in Volume, by Application (2017, 2022 & 2028)
        3.3.3 Global Water Electrolysis Average Selling Price (ASP) by Application (2017, 2022 & 2028)
    3.3 United States Water Electrolysis Market Size by Application
        3.3.1 United States Water Electrolysis Sales in Value, by Application (2017, 2022 & 2028)
        3.3.2 United States Water Electrolysis Sales in Volume, by Application (2017, 2022 & 2028)
        3.3.3 United States Water Electrolysis Average Selling Price (ASP) by Application (2017, 2022 & 2028)

 4 Global Water Electrolysis Competitor Landscape by Company
    4.1 Global Water Electrolysis Market Size by Company
        4.1.1 Top Global Water Electrolysis Manufacturers Ranked by Revenue (2021)
        4.1.2 Global Water Electrolysis Revenue by Manufacturer (2017-2022)
        4.1.3 Global Water Electrolysis Sales by Manufacturer (2017-2022)
        4.1.4 Global Water Electrolysis Price by Manufacturer (2017-2022)
    4.2 Global Water Electrolysis Concentration Ratio (CR)
        4.2.1 Water Electrolysis Market Concentration Ratio (CR) (2017-2022)
        4.2.2 Global Top 5 and Top 10 Largest Manufacturers of Water Electrolysis in 2021
        4.2.3 Global Water Electrolysis Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    4.3 Global Water Electrolysis Manufacturing Base Distribution, Product Type
        4.3.1 Global Water Electrolysis Manufacturers, Headquarters and Distribution of Producing Region
        4.3.2 Manufacturers Water Electrolysis Product Type
        4.3.3 Date of International Manufacturers Enter into Water Electrolysis Market
    4.4 Manufacturers Mergers & Acquisitions, Expansion Plans
    4.5 United States Water Electrolysis Market Size by Company
        4.5.1 Top Water Electrolysis Players in United States, Ranked by Revenue (2021)
        4.5.2 United States Water Electrolysis Revenue by Players (2020, 2021 & 2022)
        4.5.3 United States Water Electrolysis Sales by Players (2020, 2021 & 2022)

 5 Global Water Electrolysis Market Size by Region
    5.1 Global Water Electrolysis Market Size by Region: 2017 VS 2022 VS 2028
    5.2 Global Water Electrolysis Market Size in Volume by Region (2017-2028)
        5.2.1 Global Water Electrolysis Sales in Volume by Region: 2017-2022
        5.2.2 Global Water Electrolysis Sales in Volume Forecast by Region (2023-2028)
    5.3 Global Water Electrolysis Market Size in Value by Region (2017-2028)
        5.3.1 Global Water Electrolysis Sales in Value by Region: 2017-2022
        5.3.2 Global Water Electrolysis Sales in Value by Region: 2023-2028

 6 Segment in Region Level & Country Level
    6.1 North America
        6.1.1 North America Water Electrolysis Market Size YoY Growth 2017-2028
        6.1.2 North America Water Electrolysis Market Facts & Figures by Country (2017, 2022 & 2028)
        6.1.3 United States
        6.1.4 Canada
    6.2 Asia-Pacific
        6.2.1 Asia-Pacific Water Electrolysis Market Size YoY Growth 2017-2028
        6.2.2 Asia-Pacific Water Electrolysis Market Facts & Figures by Region (2017, 2022 & 2028)
        6.2.3 China
        6.2.4 Japan
        6.2.5 South Korea
        6.2.6 India
        6.2.7 Australia
        6.2.8 China Taiwan
        6.2.9 Indonesia
        6.2.10 Thailand
        6.2.11 Malaysia
    6.3 Europe
        6.3.1 Europe Water Electrolysis Market Size YoY Growth 2017-2028
        6.3.2 Europe Water Electrolysis Market Facts & Figures by Country (2017, 2022 & 2028)
        6.3.3 Germany
        6.3.4 France
        6.3.5 U.K.
        6.3.6 Italy
        6.3.7 Russia
    6.4 Latin America
        6.4.1 Latin America Water Electrolysis Market Size YoY Growth 2017-2028
        6.4.2 Latin America Water Electrolysis Market Facts & Figures by Country (2017, 2022 & 2028)
        6.4.3 Mexico
        6.4.4 Brazil
        6.4.5 Argentina
    6.5 Middle East and Africa
        6.5.1 Middle East and Africa Water Electrolysis Market Size YoY Growth 2017-2028
        6.5.2 Middle East and Africa Water Electrolysis Market Facts & Figures by Country (2017, 2022 & 2028)
        6.5.3 Turkey
        6.5.4 Saudi Arabia
        6.5.5 UAE

 7 Company Profiles
    7.1 718th Research Institute of CSIC
        7.1.1 718th Research Institute of CSIC Corporation Information
        7.1.2 718th Research Institute of CSIC Description and Business Overview
        7.1.3 718th Research Institute of CSIC Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.1.4 718th Research Institute of CSIC Water Electrolysis Products Offered
        7.1.5 718th Research Institute of CSIC Recent Development
    7.2 Suzhou Jingli
        7.2.1 Suzhou Jingli Corporation Information
        7.2.2 Suzhou Jingli Description and Business Overview
        7.2.3 Suzhou Jingli Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.2.4 Suzhou Jingli Water Electrolysis Products Offered
        7.2.5 Suzhou Jingli Recent Development
    7.3 Proton On-Site
        7.3.1 Proton On-Site Corporation Information
        7.3.2 Proton On-Site Description and Business Overview
        7.3.3 Proton On-Site Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.3.4 Proton On-Site Water Electrolysis Products Offered
        7.3.5 Proton On-Site Recent Development
    7.4 Cummins
        7.4.1 Cummins Corporation Information
        7.4.2 Cummins Description and Business Overview
        7.4.3 Cummins Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.4.4 Cummins Water Electrolysis Products Offered
        7.4.5 Cummins Recent Development
    7.5 Siemens
        7.5.1 Siemens Corporation Information
        7.5.2 Siemens Description and Business Overview
        7.5.3 Siemens Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.5.4 Siemens Water Electrolysis Products Offered
        7.5.5 Siemens Recent Development
    7.6 Teledyne Energy Systems
        7.6.1 Teledyne Energy Systems Corporation Information
        7.6.2 Teledyne Energy Systems Description and Business Overview
        7.6.3 Teledyne Energy Systems Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.6.4 Teledyne Energy Systems Water Electrolysis Products Offered
        7.6.5 Teledyne Energy Systems Recent Development
    7.7 EM Solution
        7.7.1 EM Solution Corporation Information
        7.7.2 EM Solution Description and Business Overview
        7.7.3 EM Solution Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.7.4 EM Solution Water Electrolysis Products Offered
        7.7.5 EM Solution Recent Development
    7.8 McPhy
        7.8.1 McPhy Corporation Information
        7.8.2 McPhy Description and Business Overview
        7.8.3 McPhy Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.8.4 McPhy Water Electrolysis Products Offered
        7.8.5 McPhy Recent Development
    7.9 Nel Hydrogen
        7.9.1 Nel Hydrogen Corporation Information
        7.9.2 Nel Hydrogen Description and Business Overview
        7.9.3 Nel Hydrogen Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.9.4 Nel Hydrogen Water Electrolysis Products Offered
        7.9.5 Nel Hydrogen Recent Development
    7.10 Toshiba
        7.10.1 Toshiba Corporation Information
        7.10.2 Toshiba Description and Business Overview
        7.10.3 Toshiba Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.10.4 Toshiba Water Electrolysis Products Offered
        7.10.5 Toshiba Recent Development
    7.11 TianJin Mainland
        7.11.1 TianJin Mainland Corporation Information
        7.11.2 TianJin Mainland Description and Business Overview
        7.11.3 TianJin Mainland Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.11.4 TianJin Mainland Water Electrolysis Products Offered
        7.11.5 TianJin Mainland Recent Development
    7.12 Yangzhou Chungdean Hydrogen Equipment
        7.12.1 Yangzhou Chungdean Hydrogen Equipment Corporation Information
        7.12.2 Yangzhou Chungdean Hydrogen Equipment Description and Business Overview
        7.12.3 Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.12.4 Yangzhou Chungdean Hydrogen Equipment Products Offered
        7.12.5 Yangzhou Chungdean Hydrogen Equipment Recent Development
    7.13 Elogen
        7.13.1 Elogen Corporation Information
        7.13.2 Elogen Description and Business Overview
        7.13.3 Elogen Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.13.4 Elogen Products Offered
        7.13.5 Elogen Recent Development
    7.14 Erredue SpA
        7.14.1 Erredue SpA Corporation Information
        7.14.2 Erredue SpA Description and Business Overview
        7.14.3 Erredue SpA Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.14.4 Erredue SpA Products Offered
        7.14.5 Erredue SpA Recent Development
    7.15 Kobelco Eco-Solutions
        7.15.1 Kobelco Eco-Solutions Corporation Information
        7.15.2 Kobelco Eco-Solutions Description and Business Overview
        7.15.3 Kobelco Eco-Solutions Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.15.4 Kobelco Eco-Solutions Products Offered
        7.15.5 Kobelco Eco-Solutions Recent Development
    7.16 ITM Power
        7.16.1 ITM Power Corporation Information
        7.16.2 ITM Power Description and Business Overview
        7.16.3 ITM Power Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.16.4 ITM Power Products Offered
        7.16.5 ITM Power Recent Development
    7.17 Idroenergy Spa
        7.17.1 Idroenergy Spa Corporation Information
        7.17.2 Idroenergy Spa Description and Business Overview
        7.17.3 Idroenergy Spa Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.17.4 Idroenergy Spa Products Offered
        7.17.5 Idroenergy Spa Recent Development
    7.18 ShaanXi HuaQin
        7.18.1 ShaanXi HuaQin Corporation Information
        7.18.2 ShaanXi HuaQin Description and Business Overview
        7.18.3 ShaanXi HuaQin Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.18.4 ShaanXi HuaQin Products Offered
        7.18.5 ShaanXi HuaQin Recent Development
    7.19 Beijing Zhongdian
        7.19.1 Beijing Zhongdian Corporation Information
        7.19.2 Beijing Zhongdian Description and Business Overview
        7.19.3 Beijing Zhongdian Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.19.4 Beijing Zhongdian Products Offered
        7.19.5 Beijing Zhongdian Recent Development
    7.20 Elchemtech
        7.20.1 Elchemtech Corporation Information
        7.20.2 Elchemtech Description and Business Overview
        7.20.3 Elchemtech Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.20.4 Elchemtech Products Offered
        7.20.5 Elchemtech Recent Development
    7.21 H2B2
        7.21.1 H2B2 Corporation Information
        7.21.2 H2B2 Description and Business Overview
        7.21.3 H2B2 Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.21.4 H2B2 Products Offered
        7.21.5 H2B2 Recent Development
    7.22 Verde LLC
        7.22.1 Verde LLC Corporation Information
        7.22.2 Verde LLC Description and Business Overview
        7.22.3 Verde LLC Water Electrolysis Sales, Revenue and Gross Margin (2017-2022)
        7.22.4 Verde LLC Products Offered
        7.22.5 Verde LLC Recent Development

 8 Industry Chain and Sales Channels Analysis
    8.1 Water Electrolysis Industry Chain Analysis
    8.2 Water Electrolysis Key Raw Materials
        8.2.1 Key Raw Materials
        8.2.2 Water Electrolysis Distributors
    8.3 Water Electrolysis Production Mode & Process
    8.4 Water Electrolysis Sales and Marketing
        8.4.1 Water Electrolysis Sales Channels
        8.4.2 Water Electrolysis Distributors
    8.5 Water Electrolysis Customers

 9 Research Findings and Conclusion

 10 Appendix
    10.1 Research Methodology
        10.1.1 Methodology/Research Approach
        10.1.2 Data Source
    10.2 Author Details
    10.3 Disclaimer

List of Tables
    Table 1. Water Electrolysis CAGR in Value, United States VS Global, 2017 VS 2022 VS 2028
    Table 2. Water Electrolysis Market Trends
    Table 3. Water Electrolysis Market Drivers
    Table 4. Water Electrolysis Market Challenges
    Table 5. Water Electrolysis Market Restraints
    Table 6. Global Water Electrolysis Sales by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 7. United States Water Electrolysis Sales by Type: 2017 VS 2022 VS 2028 (US$ Million)
    Table 8. Global Water Electrolysis Sales by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 9. United States Water Electrolysis Sales by Application: 2017 VS 2022 VS 2028 (US$ Million)
    Table 10. Top Water Electrolysis Manufacturers in Global Market, Ranking by Revenue (2021)
    Table 11. Global Water Electrolysis Revenue by Manufacturer, (US$ Million), 2017-2022
    Table 12. Global Water Electrolysis Revenue Share by Manufacturer, 2017-2022
    Table 13. Global Water Electrolysis Sales by Manufacturer, (Units), 2017-2022
    Table 14. Global Water Electrolysis Sales Share by Manufacturer, 2017-2022
    Table 15. Global Water Electrolysis Price by Manufacturer (2017-2022) & (K USD/Unit)
    Table 16. Global Water Electrolysis Manufacturers Market Concentration Ratio (CR5 and HHI)
    Table 17. Global Water Electrolysis by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Water Electrolysis as of 2021)
    Table 18. Top Players of Water Electrolysis in Global Market, Headquarters and Distribution of Producing Region
    Table 19. Manufacturers Water Electrolysis Product Type
    Table 20. Date of International Manufacturers Enter into Water Electrolysis Market
    Table 21. Manufacturers Mergers & Acquisitions, Expansion Plans
    Table 22. Top Water Electrolysis Players in United States Market, Ranking by Revenue (2021)
    Table 23. United States Water Electrolysis Revenue by Players, (US$ Million), 2020, 2021 & 2022
    Table 24. United States Water Electrolysis Revenue Share by Players, 2020, 2021 & 2022
    Table 25. United States Water Electrolysis Sales by Players, (Units), 2020, 2021 & 2022
    Table 26. United States Water Electrolysis Sales Share by Players, 2020, 2021 & 2022
    Table 27. Global Water Electrolysis Market Size by Region (US$ Million): 2017 VS 2022 VS 2028
    Table 28. Global Water Electrolysis Sales in Volume by Region (2017-2022) & (Units)
    Table 29. Global Water Electrolysis Sales in Volume Forecast by Region (2023-2028) & (Units)
    Table 30. Global Water Electrolysis Sales in Value by Region (2017-2022) & (US$ Million)
    Table 31. Global Water Electrolysis Sales in Value Forecast by Region (2023-2028) & (US$ Million)
    Table 32. North America Water Electrolysis Sales in Volume by Country (2017-2028) & (Units)
    Table 33. North America Water Electrolysis Sales in Value by Country (2017-2028) & (US$ Million)
    Table 34. Asia Pacific Water Electrolysis Sales in Volume by Region (2017-2028) & (Units)
    Table 35. Asia Pacific Water Electrolysis Sales in Value by Region (2017-2028) & (US$ Million)
    Table 36. Europe Water Electrolysis Sales in Volume by Country (2017-2028) & (Units)
    Table 37. Europe Water Electrolysis Sales in Value by Country (2017-2028) & (US$ Million)
    Table 38. Latin America Water Electrolysis Sales in Volume by Country (2017-2028) & (Units)
    Table 39. Latin Americaa Water Electrolysis Sales in Value by Country (2017-2028) & (US$ Million)
    Table 40. Middle East and Africa Water Electrolysis Sales in Volume by Country (2017-2028) & (Units)
    Table 41. Middle East and Africa Water Electrolysis Sales in Value by Country (2017-2028) & (US$ Million)
    Table 42. 718th Research Institute of CSIC Corporation Information
    Table 43. 718th Research Institute of CSIC Description and Business Overview
    Table 44. 718th Research Institute of CSIC Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 45. 718th Research Institute of CSIC Water Electrolysis Product
    Table 46. 718th Research Institute of CSIC Recent Development
    Table 47. Suzhou Jingli Corporation Information
    Table 48. Suzhou Jingli Description and Business Overview
    Table 49. Suzhou Jingli Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 50. Suzhou Jingli Product
    Table 51. Suzhou Jingli Recent Development
    Table 52. Proton On-Site Corporation Information
    Table 53. Proton On-Site Description and Business Overview
    Table 54. Proton On-Site Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 55. Proton On-Site Product
    Table 56. Proton On-Site Recent Development
    Table 57. Cummins Corporation Information
    Table 58. Cummins Description and Business Overview
    Table 59. Cummins Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 60. Cummins Product
    Table 61. Cummins Recent Development
    Table 62. Siemens Corporation Information
    Table 63. Siemens Description and Business Overview
    Table 64. Siemens Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 65. Siemens Product
    Table 66. Siemens Recent Development
    Table 67. Teledyne Energy Systems Corporation Information
    Table 68. Teledyne Energy Systems Description and Business Overview
    Table 69. Teledyne Energy Systems Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 70. Teledyne Energy Systems Product
    Table 71. Teledyne Energy Systems Recent Development
    Table 72. EM Solution Corporation Information
    Table 73. EM Solution Description and Business Overview
    Table 74. EM Solution Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 75. EM Solution Product
    Table 76. EM Solution Recent Development
    Table 77. McPhy Corporation Information
    Table 78. McPhy Description and Business Overview
    Table 79. McPhy Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 80. McPhy Product
    Table 81. McPhy Recent Development
    Table 82. Nel Hydrogen Corporation Information
    Table 83. Nel Hydrogen Description and Business Overview
    Table 84. Nel Hydrogen Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 85. Nel Hydrogen Product
    Table 86. Nel Hydrogen Recent Development
    Table 87. Toshiba Corporation Information
    Table 88. Toshiba Description and Business Overview
    Table 89. Toshiba Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 90. Toshiba Product
    Table 91. Toshiba Recent Development
    Table 92. TianJin Mainland Corporation Information
    Table 93. TianJin Mainland Description and Business Overview
    Table 94. TianJin Mainland Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 95. TianJin Mainland Product
    Table 96. TianJin Mainland Recent Development
    Table 97. Yangzhou Chungdean Hydrogen Equipment Corporation Information
    Table 98. Yangzhou Chungdean Hydrogen Equipment Description and Business Overview
    Table 99. Yangzhou Chungdean Hydrogen Equipment Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 100. Yangzhou Chungdean Hydrogen Equipment Product
    Table 101. Yangzhou Chungdean Hydrogen Equipment Recent Development
    Table 102. Elogen Corporation Information
    Table 103. Elogen Description and Business Overview
    Table 104. Elogen Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 105. Elogen Product
    Table 106. Elogen Recent Development
    Table 107. Erredue SpA Corporation Information
    Table 108. Erredue SpA Description and Business Overview
    Table 109. Erredue SpA Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 110. Erredue SpA Product
    Table 111. Erredue SpA Recent Development
    Table 112. Kobelco Eco-Solutions Corporation Information
    Table 113. Kobelco Eco-Solutions Description and Business Overview
    Table 114. Kobelco Eco-Solutions Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 115. Kobelco Eco-Solutions Product
    Table 116. Kobelco Eco-Solutions Recent Development
    Table 117. ITM Power Corporation Information
    Table 118. ITM Power Description and Business Overview
    Table 119. ITM Power Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 120. ITM Power Product
    Table 121. ITM Power Recent Development
    Table 122. Idroenergy Spa Corporation Information
    Table 123. Idroenergy Spa Description and Business Overview
    Table 124. Idroenergy Spa Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 125. Idroenergy Spa Product
    Table 126. Idroenergy Spa Recent Development
    Table 127. ShaanXi HuaQin Corporation Information
    Table 128. ShaanXi HuaQin Description and Business Overview
    Table 129. ShaanXi HuaQin Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 130. ShaanXi HuaQin Product
    Table 131. ShaanXi HuaQin Recent Development
    Table 132. Beijing Zhongdian Corporation Information
    Table 133. Beijing Zhongdian Description and Business Overview
    Table 134. Beijing Zhongdian Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 135. Beijing Zhongdian Product
    Table 136. Beijing Zhongdian Recent Development
    Table 137. Elchemtech Corporation Information
    Table 138. Elchemtech Description and Business Overview
    Table 139. Elchemtech Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 140. Elchemtech Product
    Table 141. Elchemtech Recent Development
    Table 142. H2B2 Corporation Information
    Table 143. H2B2 Description and Business Overview
    Table 144. H2B2 Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 145. H2B2 Product
    Table 146. H2B2 Recent Development
    Table 147. Verde LLC Corporation Information
    Table 148. Verde LLC Description and Business Overview
    Table 149. Verde LLC Water Electrolysis Sales (Units), Revenue (US$ Million), Price (K USD/Unit) and Gross Margin (2017-2022)
    Table 150. Verde LLC Product
    Table 151. Verde LLC Recent Development
    Table 152. Key Raw Materials Lists
    Table 153. Raw Materials Key Suppliers Lists
    Table 154. Water Electrolysis Customers List
    Table 155. Water Electrolysis Distributors List
    Table 156. Research Programs/Design for This Report
    Table 157. Key Data Information from Secondary Sources
    Table 158. Key Data Information from Primary Sources
List of Figures
    Figure 1. Water Electrolysis Product Picture
    Figure 2. Global Water Electrolysis Revenue, (US$ Million), 2017 VS 2022 VS 2028
    Figure 3. Global Water Electrolysis Market Size 2017-2028 (US$ Million)
    Figure 4. Global Water Electrolysis Sales 2017-2028 (Units)
    Figure 5. United States Water Electrolysis Revenue, (US$ Million), 2017 VS 2022 VS 2028
    Figure 6. United States Water Electrolysis Market Size 2017-2028 (US$ Million)
    Figure 7. United States Water Electrolysis Sales 2017-2028 (Units)
    Figure 8. United States Water Electrolysis Market Share in Global, in Value (US$ Million) 2017-2028
    Figure 9. United States Water Electrolysis Market Share in Global, in Volume (Units) 2017-2028
    Figure 10. Water Electrolysis Report Years Considered
    Figure 11. Product Picture of Traditional Alkaline Electroliser
    Figure 12. Product Picture of PEM Electroliser
    Figure 13. Global Water Electrolysis Market Share by Type in 2022 & 2028
    Figure 14. Global Water Electrolysis Sales in Value by Type (2017-2028) & (US$ Million)
    Figure 15. Global Water Electrolysis Sales Market Share in Value by Type (2017-2028)
    Figure 16. Global Water Electrolysis Sales by Type (2017-2028) & (Units)
    Figure 17. Global Water Electrolysis Sales Market Share in Volume by Type (2017-2028)
    Figure 18. Global Water Electrolysis Price by Type (2017-2028) & (K USD/Unit)
    Figure 19. United States Water Electrolysis Market Share by Type in 2022 & 2028
    Figure 20. United States Water Electrolysis Sales in Value by Type (2017-2028) & (US$ Million)
    Figure 21. United States Water Electrolysis Sales Market Share in Value by Type (2017-2028)
    Figure 22. United States Water Electrolysis Sales by Type (2017-2028) & (Units)
    Figure 23. United States Water Electrolysis Sales Market Share in Volume by Type (2017-2028)
    Figure 24. United States Water Electrolysis Price by Type (2017-2028) & (K USD/Unit)
    Figure 25. Product Picture of Power Plants
    Figure 26. Product Picture of Steel Plant
    Figure 27. Product Picture of Electronics and Photovoltaics
    Figure 28. Product Picture of Industrial Gases
    Figure 29. Product Picture of Energy Storage or Fueling for FCEV's
    Figure 30. Product Picture of Power to Gas
    Figure 31. Product Picture of Others
    Figure 32. Global Water Electrolysis Market Share by Application in 2022 & 2028
    Figure 33. Global Water Electrolysis Sales in Value by Application (2017-2028) & (US$ Million)
    Figure 34. Global Water Electrolysis Sales Market Share in Value by Application (2017-2028)
    Figure 35. Global Water Electrolysis Sales by Application (2017-2028) & (Units)
    Figure 36. Global Water Electrolysis Sales Market Share in Volume by Application (2017-2028)
    Figure 37. Global Water Electrolysis Price by Application (2017-2028) & (K USD/Unit)
    Figure 38. United States Water Electrolysis Market Share by Application in 2022 & 2028
    Figure 39. United States Water Electrolysis Sales in Value by Application (2017-2028) & (US$ Million)
    Figure 40. United States Water Electrolysis Sales Market Share in Value by Application (2017-2028)
    Figure 41. United States Water Electrolysis Sales by Application (2017-2028) & (Units)
    Figure 42. United States Water Electrolysis Sales Market Share in Volume by Application (2017-2028)
    Figure 43. United States Water Electrolysis Price by Application (2017-2028) & (K USD/Unit)
    Figure 44. North America Water Electrolysis Sales in Volume Growth Rate 2017-2028 (Units)
    Figure 45. North America Water Electrolysis Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 46. United States Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 47. Canada Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 48. Europe Water Electrolysis Sales in Volume Growth Rate 2017-2028 (Units)
    Figure 49. Europe Water Electrolysis Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 50. Germany Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 51. France Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 52. U.K. Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 53. Italy Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 54. Russia Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 55. Asia-Pacific Water Electrolysis Sales in Volume Growth Rate 2017-2028 (Units)
    Figure 56. Asia-Pacific Water Electrolysis Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 57. China Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 58. Japan Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 59. South Korea Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 60. India Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 61. Australia Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 62. China Taiwan Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 63. Indonesia Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 64. Thailand Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 65. Malaysia Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 66. Latin America Water Electrolysis Sales in Volume Growth Rate 2017-2028 (Units)
    Figure 67. Latin America Water Electrolysis Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 68. Mexico Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 69. Brazil Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 70. Argentina Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 71. Middle East & Africa Water Electrolysis Sales in Volume Growth Rate 2017-2028 (Units)
    Figure 72. Middle East & Africa Water Electrolysis Sales in Value Growth Rate 2017-2028 (US$ Million)
    Figure 73. Turkey Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 74. Saudi Arabia Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 75. UAE Water Electrolysis Sales in Value Growth Rate (2017-2028) & (US$ Million)
    Figure 76. Water Electrolysis Value Chain
    Figure 77. Water Electrolysis Production Process
    Figure 78. Channels of Distribution
    Figure 79. Distributors Profiles
    Figure 80. Bottom-up and Top-down Approaches for This Report
    Figure 81. Data Triangulation
    Figure 82. Key Executives Interviewed

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.

Market Analysis and Insights: Global and United States Water Electrolysis Market

This report focuses on global and United States Water Electrolysis market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global Water Electrolysis market size is estimated to be worth US$ 458.3 million in 2022 and is forecast to a readjusted size of US$ 3240.3 million by 2028 with a CAGR of 38.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, by Type, Traditional Alkaline Electroliser accounting for % of the Water Electrolysis global market in 2021, is projected to value US$  million by 2028, growing at a revised % CAGR from 2022 to 2028. While by Application, Power Plants was the leading segment, accounting for over  percent market share in 2021, and altered to an  % CAGR throughout this forecast period.

Global water electrolysis key players include 718th Research Institute of CSIC, Proton On-Site, Suzhou Jingli etc. Global top 5 manufacturers hold a share about 55%. Asia Pacific is the largest market, with a share about 50%, followed by Europe and  North America, both have a share over 43 percent.In terms of product, traditional alkaline electroliser is the largest segment, with a share over 65%. And in terms of application, the largest application is energy storage or fueling for FCEV's, followed by power to gas.

Global Water Electrolysis Scope and Market Size
Water Electrolysis market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Water Electrolysis market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the Water Electrolysis market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Segment by Type
    Traditional Alkaline Electroliser
    PEM Electroliser

Segment by Application
    Power Plants
    Steel Plant
    Electronics and Photovoltaics
    Industrial Gases
    Energy Storage or Fueling for FCEV's
    Power to Gas
    Others

By Region
    North America
        United States
        Canada
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
    Asia-Pacific
        China
        Japan
        South Korea
        India
        Australia
        China Taiwan
        Indonesia
        Thailand
        Malaysia
    Latin America
        Mexico
        Brazil
        Argentina
    Middle East & Africa
        Turkey
        Saudi Arabia
        UAE

By Company
    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