Who are the key players in Global Water Electrolysis industry?

The top five players in the Global Water Electrolysis industry are Siemens Energy, Thyssenkrupp, Nel ASA, Cummins Inc., and ITM Power. These companies lead the market with advanced technologies, large-scale projects, and extensive research investments, driving the adoption of green hydrogen worldwide across various industries.

What is the Global Water Electrolysis growth?

The Global Water Electrolysis market has witnessed significant growth, with a compound annual growth rate (CAGR) exceeding 7% recently. Companies like Nel ASA have expanded production capacity and secured large-scale contracts, driven by increased demand for green hydrogen in energy, transport, and industrial sectors.

Which segment accounted for the largest Global Water Electrolysis share?

The industrial segment, especially ammonia and fertilizer production, accounted for the largest share of the Global Water Electrolysis market. Increasing focus on decarbonizing heavy industries accelerates the adoption of water electrolysis to produce green hydrogen for chemical feedstock in companies like Thyssenkrupp and Siemens Energy.

What are the factors driving the Global Water Electrolysis?

Key drivers include rising demand for green hydrogen, favorable government policies, and decarbonization initiatives. For example, Siemens Energy's involvement in large-scale renewable hydrogen projects and EU's financial support for electrolyzer installations greatly contribute to market expansion.

Which type accounted for the largest Global Water Electrolysis share?

Alkaline Water Electrolysis (AWE) accounted for the largest market share due to its technological maturity, cost-effectiveness, and ability to operate at large scales. Leading companies like Nel ASA and Thyssenkrupp favor AWE systems for commercial hydrogen production, fueling further market growth.

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Global Water Electrolysis Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Global Water Electrolysis Market: by Type (Alkaline Water Electrolysis, Proton Exchange Membrane (PEM) Electrolysis, Solid Oxide Electrolysis, Anion Exchange Membrane (AEM) Electrolysis, Others), Application (Hydrogen Production, Power to Gas, Energy Storage, Electronics & Semiconductor, Industrial Gases, Others), Distribution Channels (Direct Sales, Distributors, EPC Contractors, System Integrators, Online Channels, Others), Technology (Alkaline Electrolyzer, PEM Electrolyzer, Solid Oxide Electrolyzer, AEM Electrolyzer, High-Pressure Electrolyzer, Others), Organization Size (Small, Medium, Large) and By Global Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 27-07-2025 | Format: PDF | Report ID:12481

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Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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