Water Electrolysis Equipment
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Industry
2031
Market Water Electrolysis Equipment Market Scope:
Analysis, Market Size, Growth, Trends Till
Water Electrolysis Equipment Market Size and Growth
The Water Electrolysis Equipment market research reports indicate a steady growth in the market due to increasing demand for clean energy sources. The market size is estimated to be valued at $2.5 billion, with a CAGR of 5% over the forecast period. Key players include Proton OnSite, Nel ASA, and Siemens.
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Companies Covered
(Covid 19 Impact Covered)
◍ 718th Research Institute of CSIC
◍ Suzhou Jingli
◍ Proton On-Site
◍ Cummins
◍ Siemens
◍ Teledyne Energy Systems
◍ EM Solution
◍ McPhy
◍ Nel Hydrogen
◍ Toshiba
◍ TianJin Mainland
The Water Electrolysis Equipment Market is competitive with key players such as Proton On-Site, Cummins, Siemens, Nel Hydrogen, ITM Power, and others. These companies offer a range of electrolysis equipment for hydrogen production. Their products are used in various industries like energy, transportation, and chemical processing to support the growth of the market.
- Proton On-Site: $50 million
- Siemens: $40 million
- Cummins: $30 million
◍ Yangzhou Chungdean Hydrogen Equipment
◍ Elogen
◍ Erredue SpA
◍ Kobelco Eco-Solutions
◍ ITM Power
◍ Idroenergy Spa
◍ ShaanXi HuaQin
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Market Segmentation
By Application
◍ Power Plants
◍ Steel Plant
◍ Electronics and Photovoltaics
◍ Industrial Gases
◍ Energy Storage or Fueling for FCEV's
◍ Power to Gas
◍ Others
By Product
◍ Traditional Alkaline Electroliser
◍ PEM Electroliser
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Market Growth
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$ X Billion USD
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