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    Water Electrolysis Market Size

    ID: MRFR/IA - E/2789-CR
    118 Pages
    Varsha More
    February 2020

    Water Electrolysis Market Research Report By Technology (Alkaline Electrolysis, Proton Exchange Membrane Electrolysis, Solid Oxide Electrolysis), By Application (Hydrogen Production, Energy Storage, Fuel Cells), By End Use (Industrial, Transportation, Power Generation), By Electrolyzer Size (Small Scale, Medium Scale, Large Scale) and By Regional (North America, Europe, South America, Asia Paci...

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    Water Electrolysis Market Infographic
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    Water Electrolysis Size

    Market Size Snapshot

    Year Value
    2024 USD 1.82 Billion
    2035 USD 15.0 Billion
    CAGR (2025-2035) 21.14 %

    Note – Market size depicts the revenue generated over the financial year

    The electrolysis of water market is expected to reach $1.8 billion by 2024, with a projected growth to $ 15.0 billion by 2035. The remarkable growth of the market is estimated at a CAGR of 21.14% from 2025 to 2035. The demand for hydrogen as a clean energy source, driven by the world's shift towards green energy, is the main driving force of the market. The development of water electrolysis technology, such as proton exchange membrane (PEM) and alkaline electrolysis, has increased the efficiency and lowered the cost, which is expected to drive the market. The leading companies in the water electrolysis industry, such as Siemens, ITM Power, and Nel ASA, are actively investing in R & D to develop new products and services. The strategic collaboration of large-scale hydrogen production projects and the investment in renewable energy integration will also be an important factor affecting the competition in the market. The policy of reducing carbon dioxide emissions and promoting hydrogen as an energy carrier will promote the development of the water electrolysis market.

    home-ubuntu-www-mrf_ne_design-batch-5-cp-water-electrolysis-market size

    Regional Market Size

    Regional Deep Dive

    The electrolysis of water is experiencing a high growth rate in different regions of the world. The growing demand for hydrogen is accompanied by a shift in the energy industry towards the use of clean and renewable energy sources. In North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America, the dynamics of the market are influenced by regional policies, technological development and the launch of green hydrogen projects. Each region has its own characteristics in terms of government support, industrial applications and market maturity, which determine the global market for water electrolysis.

    Europe

    • The European Union's Green Deal and Hydrogen Strategy are pivotal in driving investments in water electrolysis, with countries like Germany and the Netherlands leading the charge in establishing hydrogen infrastructure.
    • Innovations in electrolyzer technology, such as the development of high-temperature electrolysis by companies like Siemens Energy, are enhancing efficiency and reducing operational costs, thereby making hydrogen more competitive.

    Asia Pacific

    • Japan and South Korea are at the forefront of hydrogen technology, with government-backed projects like Japan's 'Basic Hydrogen Strategy' promoting water electrolysis as a key component of their energy transition.
    • Chinese manufacturers are rapidly scaling up electrolyzer production, supported by government incentives, which is expected to significantly lower costs and increase market penetration in the region.

    Latin America

    • Brazil is emerging as a key player in the water electrolysis market, with government support for renewable energy projects and initiatives aimed at producing green hydrogen from its abundant hydropower resources.
    • Innovative partnerships between local companies and international firms are fostering technology transfer and investment in electrolyzer technology, which is expected to enhance the region's capabilities in hydrogen production.

    North America

    • The U.S. Department of Energy has launched initiatives to promote hydrogen production through electrolysis, aiming to reduce costs and enhance efficiency, which is expected to accelerate market adoption.
    • Major companies like Plug Power and Nel ASA are investing heavily in electrolyzer technology, focusing on scaling production capabilities to meet the rising demand for hydrogen fuel in transportation and industrial sectors.

    Middle East And Africa

    • Countries like Saudi Arabia are investing in large-scale hydrogen projects, such as the NEOM project, which aims to produce green hydrogen through water electrolysis, positioning the region as a future hydrogen hub.
    • The UAE is also exploring water electrolysis as part of its broader strategy to diversify its energy sources and reduce carbon emissions, with initiatives like the Abu Dhabi Hydrogen Alliance.

    Did You Know?

    “Water electrolysis can produce hydrogen with a purity level of over 99.999%, making it suitable for various applications, including fuel cells and industrial processes.” — International Energy Agency (IEA)

    Segmental Market Size

    The electrolysis of water market is booming. The demand for hydrogen as a clean fuel is growing. The trend is mainly due to the increasingly stringent regulations on carbon dioxide emissions and the need for sustainable energy solutions in various industries. The development of new electrolysis methods such as proton exchange membrane (PEM) and alkaline electrolysis further increases the efficiency and reduces the cost of operation, which makes them more attractive to both investors and companies. The market is currently at the stage of commercialization, and there are notable examples of projects carried out by companies such as Siemens Energy and Nel Hydrogen in Europe and North America. The main applications of water electrolysis are transportation, hydrogen fuel cells, and industrial processes, including ammonia production. The growth in the water electrolysis market is accelerating due to macro-economic trends, such as the development of sustainable energy and the use of renewable energy sources. In the long run, innovation in electrolysis and the use of renewable energy sources will continue to determine the future of the industry.

    Future Outlook

    The market for water electrolysis is projected to grow at a CAGR of 21.14% from 2024 to 2035. This growth is largely due to the increasing demand for clean hydrogen, which is driven by the urgent need to transition to sustainable energy sources and reduce carbon emissions. The adoption of water electrolysis is expected to penetrate various sectors, such as transportation, industry and energy storage, with hydrogen production possibly reaching 15 to 20 percent by 2035. Also, technological developments, such as increasing the efficiency of the electrolysis and reducing the cost of the plant, are expected to promote market growth. In addition, advances in materials science, such as the development of more efficient catalysts, will improve the performance of the water electrolysis system and make it more economically viable. Also, government policies and subsidies to encourage the use of green hydrogen will play a significant role in shaping the market. Also, the integration of the electrolysis system with the power grid and the development of hydrogen infrastructure will contribute to the growth of the market, and water electrolysis will be the foundation of the future energy system.

    Water Electrolysis Market Size Graph
    Author
    Varsha More
    Research Analyst

    Experienced business professional with a demonstrated history of working in the CFnB industry. Skilled in market research, and market estimation. Strong professional with a Masters focused in marketing management.

    Leave a Comment

    FAQs

    What is the expected market size of the Global Water Electrolysis Market in 2024?

    The Global Water Electrolysis Market is expected to be valued at 1.82 USD billion in 2024.

    What is the projected CAGR for the Global Water Electrolysis Market from 2025 to 2035?

    The projected CAGR for the Global Water Electrolysis Market from 2025 to 2035 is 21.14%.

    Which region is expected to have the largest market share in the Global Water Electrolysis Market by 2035?

    By 2035, Europe is expected to have the largest market share in the Global Water Electrolysis Market, valued at 5.15 USD billion.

    What are the values of the World's Water Electrolysis Market for the North America region in 2024 and 2035?

    The North America region is valued at 0.54 USD billion in 2024 and 4.23 USD billion in 2035.

    Who are some of the major players in the Global Water Electrolysis Market?

    Major players in the Global Water Electrolysis Market include Cummins Inc., Nel ASA, Siemens AG, and Shell PLC.

    What is the expected market size for Alkaline Electrolysis in 2035?

    The expected market size for Alkaline Electrolysis is projected to be 7.5 USD billion in 2035.

    How is the market for Solid Oxide Electrolysis expected to grow by 2035?

    The Solid Oxide Electrolysis market is expected to reach 2.8 USD billion by 2035.

    What are the market values for Proton Exchange Membrane Electrolysis in 2024 and 2035?

    Proton Exchange Membrane Electrolysis is valued at 0.55 USD billion in 2024 and is projected to reach 4.7 USD Billion in 2035.

    What is the expected growth rate of the South America region in the Global Water Electrolysis Market?

    By 2035, the South America region is expected to grow to a market size of 1.05 USD billion.

    What major trends are influencing the Global Water Electrolysis Market?

    Key trends influencing the Global Water Electrolysis Market include increasing investments in renewable energy and technological advancements in electrolysis technologies.

    Market Summary

    As per Market Research Future analysis, the Water Electrolysis Market was valued at 1.51 USD Billion in 2023 and is projected to grow to 15 USD Billion by 2035, reflecting a CAGR of 21.11% from 2025 to 2035. The market is driven by the increasing demand for clean energy solutions and significant government investments in hydrogen production technologies. Alkaline Electrolysis is the leading technology, expected to reach 5.5 USD Billion by 2035, while Proton Exchange Membrane and Solid Oxide Electrolysis are also gaining traction. The market is characterized by a robust competitive landscape with key players focusing on technological advancements and strategic partnerships.

    Key Market Trends & Highlights

    The Water Electrolysis Market is experiencing substantial growth driven by the global shift towards sustainable energy solutions.

    • Market Size in 2024: 1.82 USD Billion; Expected to reach 15 USD Billion by 2035. CAGR from 2025 to 2035: 21.11%; indicating strong growth potential. Alkaline Electrolysis projected to dominate with a market value of 5.5 USD Billion by 2035. Government policies promoting hydrogen economy are catalyzing investments in water electrolysis technologies.

    Market Size & Forecast

    2023 Market Size 1.51 USD Billion
    2024 Market Size 1.82 USD Billion
    2035 Market Size 15.0 USD Billion
    CAGR (2025-2035) 21.11%
    Largest Regional Market Share in 2024 Europe.

    Major Players

    <p>Key players include Linde AG, Aquila Capital, Thyssenkrupp AG, ITM Power, Siemens Energy, Enel Green Power, McPhy Energy, Electrolyzer Technology, Air Products and Chemicals, Plug Power, Nel ASA, Ballard Power Systems, Jiangsu Huachang Chemical, Hydrogenics Corporation, and Samsung Engineering.</p>

    Market Trends

    The Water Electrolysis Market is witnessing significant trends driven by the growing emphasis on sustainable energy solutions. Governments across various regions are increasingly focusing on hydrogen production as a clean energy source to reduce greenhouse gas emissions. This shift is fueled by policies aimed at promoting renewable energy technologies, with many nations setting ambitious targets for hydrogen adoption by 2030. The rise in electric vehicle usage and the demand for renewable hydrogen are key market drivers, encouraging investment in water electrolysis systems. Furthermore, opportunities exist in enhancing the efficiency and reducing the costs associated with electrolysis technologies.

    To make water electrolysis more cost-effective, it is important to improve catalyst materials and membranes. As industries work to reduce their carbon footprints, adding water electrolysis to processes like making steel and chemicals could lead to big market growth. The move toward energy storage solutions is also important because stored hydrogen can be used as a long-term energy source, which is in line with efforts around the world to stabilize energy supplies. Recently, green hydrogen projects have been gaining speed, making water electrolysis a key area for investment and new ideas.

    Collaboration between industry players and research institutions is on the rise, aiming to explore innovative ways to enhance the efficiency of electrolysis systems. These collaborative efforts are indicative of the increasing recognition of water electrolysis as a critical technology for facilitating the global energy transition and achieving climate goals.

     

    Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

    <p>The ongoing transition towards renewable energy sources is likely to drive advancements in water electrolysis technologies, positioning them as a pivotal component in achieving sustainable hydrogen production.</p>

    U.S. Department of Energy

    Water Electrolysis Market Market Drivers

    Rising Demand for Clean Hydrogen

    The Global Water Electrolysis Market Industry is experiencing a surge in demand for clean hydrogen, driven by the increasing focus on sustainable energy solutions. As countries aim to reduce carbon emissions, hydrogen produced through electrolysis is seen as a viable alternative to fossil fuels. The market is projected to reach 1.82 USD Billion in 2024, reflecting a growing recognition of hydrogen's potential in various sectors, including transportation and industrial applications. Governments are implementing policies that promote hydrogen as a clean energy carrier, which could further stimulate market growth and innovation in electrolysis technologies.

    Market Segment Insights

    Water Electrolysis Market Technology Insights

    <p>The&nbsp;Water Electrolysis Market, particularly in the Technology segment, is experiencing considerable growth, driven by the increasing demand for hydrogen production as a sustainable energy carrier. By 2024, the market is valued at 1.82 USD billion, and this is expected to significantly rise to 15.0 USD billion by 2035, showcasing the robust expansion of this sector.</p>

    <p>Within this segment, Alkaline Electrolysis holds a dominant position with a valuation of 0.9 USD Billion in 2024 and is projected to grow to 7.5 USD billion in 2035, capturing a majority share due to its established technology and lower production costs, making it a preferred choice for large-scale hydrogen generation.</p>

    <p>Proton Exchange Membrane Electrolysis, with a valuation of 0.55 USD billion in 2024, is expected to reach 4.7 USD billion by 2035, benefiting from its higher efficiency and the ability to operate at elevated pressure, thus catering to specific applications in industries such as fuel cells and stationary power generation. Solid Oxide Electrolysis, while currently valued at 0.37 USD Billion in 2024, is projected to grow to 2.8 USD Billion by 2035, becoming increasingly significant as it operates at higher temperatures and provides high overall efficiency, which is particularly advantageous in waste heat recovery and integration with renewable energy systems.</p>

    Water Electrolysis Market Application Insights

    <p>The&nbsp;Water Electrolysis Market&nbsp;is being increasingly recognized for its various applications, particularly in Hydrogen Production, Energy Storage, and Fuel dispenser. As of 2024, the market's valuation is projected at USD 1.82 billion, driven largely by the pressing demand for cleaner energy solutions and sustainable practices globally. Hydrogen Production plays a crucial role, standing out as a vital solution for reducing carbon footprints and meeting energy needs. Energy Storage applications are also gaining momentum as they facilitate the effective use of renewable energy sources, addressing the intermittent nature of solar and wind power.</p>

    <p>Fuel Cells are equally significant, enhancing energy efficiency in transportation and stationary power generation. With a notable projected growth trajectory, the&nbsp;Water Electrolysis Market&nbsp;is strongly positioned to capitalize on emerging opportunities, such as government policies promoting green technology and the increasing investments in Research and Development. Overall, the&nbsp;Water Electrolysis Market&nbsp;segmentation reveals a landscape filled with potential, supported by favorable market trends and robust growth drivers.</p>

    Water Electrolysis Market End Use Insights

    <p>The&nbsp;Water Electrolysis Market&nbsp;is poised for significant growth, with an expected valuation of 1.82 USD billion by 2024. This market is primarily segmented into key end uses such as Industrial, Transportation, and Power Generation, each playing a critical role in its expansion. The Industrial sector is a major contributor, driven by the increasing demand for hydrogen as a clean energy source for various manufacturing processes. Transportation is gaining traction as hydrogen fuel cell vehicles become more mainstream, offering a sustainable alternative to fossil fuels.</p>

    <p>Power Generation is also critical as initiatives for renewable energy integration and storage solutions expand globally. The demand for hydrogen production through water electrolysis is fueled by stringent regulations promoting low-carbon technologies, as well as increasing investments in Research and Development across these sectors. The trends indicate a growing embrace of hydrogen technologies as a vital element in the transition towards a sustainable energy landscape. Understanding the&nbsp;Water Electrolysis Market&nbsp;segmentation is important as it unveils how each end-use contributes to overall market dynamics and revenue growth, highlighting current and future opportunities within this evolving industry.</p>

    Water Electrolysis Market Electrolyzer Size Insights

    <p>The&nbsp;Water Electrolysis Market&nbsp;is experiencing significant growth, particularly within the Electrolyzer Size segment. By 2024, the overall market is expected to be valued at 1.82 billion USD, reflecting the rising demand for hydrogen production through water electrolysis. The segmentation of Electrolyzer Size into categories such as Small Scale, Medium Scale, and Large Scale reveals unique opportunities and applications for each category. Small Scale electrolyzers are becoming increasingly important for decentralized hydrogen production, catering to local energy demands and offering flexibility for renewable energy integration.</p>

    <p>Medium Scale units often serve industrial applications, bridging the gap between small projects and large-scale facilities, thus providing an efficient solution for mid-range hydrogen production. The Large Scale segment is dominated by utility-scale projects, crucial for achieving economies of scale and meeting higher hydrogen demands, which is vital for industries such as transportation and energy storage. The overall market's robust growth is further driven by advancements in technology, supportive government policies, and a global shift towards sustainable energy solutions, ultimately fostering a favorable environment for the Water and Wastewater Treatment Equipment revenue growth.</p>

    Get more detailed insights about Water Electrolysis Market Research Report - Global Forecast till 2035

    Regional Insights

    The Water Electrolysis Market is poised for significant growth, with various regions contributing uniquely to this dynamics. In 2024, North America is valued at USD 0.54 billion and is expected to increase to USD 4.23 billion by 2035, reflecting a strong emphasis on clean hydrogen production technologies. Europe follows closely, with a current market value of USD 0.65 billion, projected to reach USD 5.15 billion, largely driven by stringent environmental regulations and a robust focus on renewable energy sources.

    South America, although smaller, shows promise with a valuation of USD 0.15 Billion in 2024, growing to USD 1.05 billion, highlighting emerging hydrogen initiatives.

    Asia Pacific holds a notable position with a market worth USD 0.42 billion, increasing to USD 3.69 billion, indicating its potential for industrial applications and sustainable energy solutions. Lastly, the Middle East and Africa region, currently valued at USD 0.06 billion, is anticipated to grow to USD 0.88 billion, due to increasing investments in sustainable technologies. Each region's growth reflects its commitments to transitioning towards a greener economy, driven by the rising demand for clean energy solutions, significant technological advancements, and supportive government policies.

    The Water Electrolysis Market segmentation thus showcases the varying but interconnected approaches regions are taking towards harnessing the potential of water electrolysis.

    Water Electrolysis Market Regional Insights

    Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review

    Key Players and Competitive Insights

    The Water Electrolysis Market is experiencing significant growth as the focus on renewable energy and clean hydrogen production intensifies. This market is characterized by a diverse range of technologies and stakeholders, including multinational corporations, specialized technology providers, and research institutions. Competitive insights indicate a landscape driven by innovation, where companies are investing heavily in research and development to enhance the efficiency of electrolyzer technologies. The competitive dynamics are largely influenced by market drivers, such as the increasing demand for green hydrogen, government initiatives supporting clean energy, and the advent of advanced electrolysis methods.

    As incumbents and new entrants vie for market share, strategic partnerships, mergers, and acquisitions become vital for expanding technological capabilities and regional outreach.

    Cummins Inc. has established a notable presence in the Water Electrolysis Market, leveraging its expertise in power solutions and energy transition technologies. The company's strong reputation for innovation in energy systems allows it to produce efficient hydrogen electrolyzers that cater to diverse industrial applications. Cummins Inc. benefits from its extensive distribution networks and customer relationships across various regions, which enhance its competitive edge. The company's commitment to sustainability aligns with global trends towards reducing greenhouse gas emissions, allowing it to position itself effectively within this growing market.

    Additionally, Cummins Inc. is known for its strategic investments in expanding its product portfolio and enhancing the technological capabilities of its hydrogen solutions, setting it apart from competitors.

    Nel ASA stands out as a significant player in the Water Electrolysis Market, focusing on the production of hydrogen-based technologies with an emphasis on electrolyzer manufacturing. The company offers a range of key products and services that cater to various sectors, including industrial hydrogen applications and renewable energy integration. Nel ASA's strengths lie in its robust technological advancements and a comprehensive approach to hydrogen production, allowing it to stay competitive in an evolving market. Its strategic focus on innovation has resulted in significant collaborations and partnerships aimed at enhancing production efficiency.

    Moreover, Nel ASA actively engages in mergers and acquisitions to bolster its market presence and expand its capabilities in electrolyzer technologies globally. This positioning allows the company to capitalize on the increasing demand for cleaner hydrogen solutions across regions as the market continues to develop.

    Key Companies in the Water Electrolysis Market market include

    Industry Developments

    • Q2 2024: Siemens Energy and Air Liquide inaugurate gigawatt-scale electrolyzer factory in Germany Siemens Energy and Air Liquide opened a new gigawatt-scale electrolyzer manufacturing facility in Berlin, aiming to ramp up production of PEM electrolyzers for green hydrogen projects across Europe.
    • Q2 2024: Plug Power secures $1.5 billion contract to supply electrolyzers for green hydrogen plant in Texas Plug Power announced a major contract win to deliver electrolyzer systems for a large-scale green hydrogen production facility in Texas, marking one of the largest deals in the U.S. water electrolysis sector.
    • Q2 2024: Nel ASA partners with Iberdrola to develop green hydrogen projects in Spain Norwegian electrolyzer manufacturer Nel ASA entered a strategic partnership with Iberdrola to supply and co-develop water electrolysis systems for multiple green hydrogen projects in Spain.
    • Q3 2024: Thyssenkrupp Nucera wins contract for 500 MW electrolyzer plant in Saudi Arabia Thyssenkrupp Nucera announced it will supply alkaline electrolyzers for a 500 MW green hydrogen facility in NEOM, Saudi Arabia, supporting the region’s ambitious hydrogen economy plans.
    • Q3 2024: Cummins launches new 5 MW PEM electrolyzer platform Cummins unveiled its latest 5 MW proton exchange membrane (PEM) electrolyzer, targeting utility-scale green hydrogen projects and industrial decarbonization efforts.
    • Q3 2024: ITM Power secures $100 million funding round led by Snam and Vitol UK-based ITM Power raised $100 million in new funding to expand its electrolyzer manufacturing capacity, with strategic investments from Snam and Vitol.
    • Q4 2024: John Cockerill opens new electrolyzer assembly plant in India Belgian engineering firm John Cockerill inaugurated a new electrolyzer assembly facility in Gujarat, India, to serve the growing demand for green hydrogen in South Asia.
    • Q4 2024: Enapter receives regulatory approval for AEM electrolyzer in Japan Enapter, a German electrolyzer manufacturer, received Japanese government approval for its anion exchange membrane (AEM) electrolyzer technology, enabling commercial deployment in the country.
    • Q1 2025: Sunfire signs partnership with Shell for offshore hydrogen production Sunfire, a German electrolyzer company, entered a partnership with Shell to deploy solid oxide electrolyzers for offshore green hydrogen production in the North Sea.
    • Q1 2025: H2 Green Steel acquires electrolyzer startup HydroGenics Swedish steelmaker H2 Green Steel acquired HydroGenics, a startup specializing in advanced water electrolysis technology, to accelerate its green steel production plans.
    • Q2 2025: Siemens Energy appoints new Head of Electrolyzer Division Siemens Energy announced the appointment of Dr. Anna Müller as the new Head of its Electrolyzer Division, signaling a strategic focus on scaling up water electrolysis technologies.
    • Q2 2025: Bloom Energy wins contract for 200 MW electrolyzer installation in South Korea Bloom Energy secured a contract to supply 200 MW of solid oxide electrolyzers for a major green hydrogen project in South Korea, supporting the country’s clean energy transition.

    Future Outlook

    Water Electrolysis Market Future Outlook

    <p>The Water Electrolysis Market is poised for substantial growth, driven by renewable energy integration and technological advancements, with a projected 21.14% CAGR from 2024 to 2035.</p>

    New opportunities lie in:

    • <p>Develop advanced electrolyzer technologies to enhance efficiency and reduce costs. Expand into emerging markets with tailored solutions for local energy needs. Forge strategic partnerships with renewable energy firms to create integrated hydrogen solutions.</p>

    <p>By 2035, the Water Electrolysis Market is expected to be a cornerstone of the global hydrogen economy.</p>

    Market Segmentation

    Water Electrolysis Market End Use Outlook

    • Industrial
    • Transportation
    • Power Generation

    Water Electrolysis Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Water Electrolysis Market Technology Outlook

    • Alkaline Electrolysis
    • Proton Exchange Membrane Electrolysis
    • Solid Oxide Electrolysis

    Water Electrolysis Market Application Outlook

    • Hydrogen Production
    • Energy Storage
    • Fuel Cells

    Water Electrolysis Market Electrolyzer Size Outlook

    • Small Scale
    • Medium Scale
    • Large Scale

    Report Scope

    Report Attribute/Metric Source:Details
    MARKET SIZE 20231.51 (USD Billion)
    MARKET SIZE 20241.82 (USD Billion)
    MARKET SIZE 203515.0 (USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR)21.11% (2025 - 2035)
    REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR2024
    MARKET FORECAST PERIOD2025 - 2035
    HISTORICAL DATA2019 - 2024
    MARKET FORECAST UNITSUSD Billion
    KEY COMPANIES PROFILEDLinde AG, Aquila Capital, Thyssenkrupp AG, ITM Power, Siemens Energy, Enel Green Power, McPhy Energy, Electrolyzer Technology, Air Products and Chemicals, Plug Power, Nel ASA, Ballard Power Systems, Jiangsu Huachang Chemical, Hydrogenics Corporation, Samsung Engineering
    SEGMENTS COVEREDTechnology, Application, End Use, Electrolyzer Size, Regional
    KEY MARKET OPPORTUNITIESIncreasing hydrogen demand, Renewable energy integration, Government incentives and funding, Advancements in electrolysis technology, Growing industrial applications
    KEY MARKET DYNAMICSGrowing demand for clean hydrogen, Technological advancements in electrolysis, Rising investments in renewable energy, Government incentives for green technology, Increasing industrial applications of hydrogen
    COUNTRIES COVEREDNorth America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Varsha More
    Research Analyst

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    Posted on July 22, 2025, 7:45 PM

    FAQs

    What is the expected market size of the Global Water Electrolysis Market in 2024?

    The Global Water Electrolysis Market is expected to be valued at 1.82 USD billion in 2024.

    What is the projected CAGR for the Global Water Electrolysis Market from 2025 to 2035?

    The projected CAGR for the Global Water Electrolysis Market from 2025 to 2035 is 21.14%.

    Which region is expected to have the largest market share in the Global Water Electrolysis Market by 2035?

    By 2035, Europe is expected to have the largest market share in the Global Water Electrolysis Market, valued at 5.15 USD billion.

    What are the values of the World's Water Electrolysis Market for the North America region in 2024 and 2035?

    The North America region is valued at 0.54 USD billion in 2024 and 4.23 USD billion in 2035.

    Who are some of the major players in the Global Water Electrolysis Market?

    Major players in the Global Water Electrolysis Market include Cummins Inc., Nel ASA, Siemens AG, and Shell PLC.

    What is the expected market size for Alkaline Electrolysis in 2035?

    The expected market size for Alkaline Electrolysis is projected to be 7.5 USD billion in 2035.

    How is the market for Solid Oxide Electrolysis expected to grow by 2035?

    The Solid Oxide Electrolysis market is expected to reach 2.8 USD billion by 2035.

    What are the market values for Proton Exchange Membrane Electrolysis in 2024 and 2035?

    Proton Exchange Membrane Electrolysis is valued at 0.55 USD billion in 2024 and is projected to reach 4.7 USD Billion in 2035.

    What is the expected growth rate of the South America region in the Global Water Electrolysis Market?

    By 2035, the South America region is expected to grow to a market size of 1.05 USD billion.

    What major trends are influencing the Global Water Electrolysis Market?

    Key trends influencing the Global Water Electrolysis Market include increasing investments in renewable energy and technological advancements in electrolysis technologies.

    1. EXECUTIVE SUMMARY 1.1. Market Overview 1.2. Key Findings 1.3. Market Segmentation 1.4. Competitive Landscape 1.5. Challenges and Opportunities 1.6. Future Outlook
      1. \r\n
    2. MARKET INTRODUCTION 2.1. Definition 2.2. Scope of the study 2.2.1. Research Objective 2.2.2. Assumption 2.2.3. Limitations 3. RESEARCH METHODOLOGY 3.1. Overview 3.2. Data Mining 3.3. Secondary Research 3.4. Primary Research 3.4.1. Primary Interviews and Information Gathering Process 3.4.2. Breakdown of Primary Respondents 3.5. Forecasting Model 3.6. Market Size Estimation 3.6.1. Bottom-Up Approach 3.6.2. Top-Down Approach 3.7. Data Triangulation 3.8. Validation 4. MARKET DYNAMICS 4.1. Overview 4.2. Drivers 4.3. Restraints 4.4. Opportunities 5. MARKET FACTOR ANALYSIS 5.1. Value chain Analysis 5.2. Porter's Five Forces Analysis 5.2.1. Bargaining Power of Suppliers 5.2.2. Bargaining Power of Buyers 5.2.3. Threat of New Entrants 5.2.4. Threat of Substitutes 5.2.5. Intensity of Rivalry 5.3. COVID-19 Impact Analysis 5.3.1. Market Impact Analysis 5.3.2. Regional Impact 5.3.3. Opportunity and Threat Analysis
      1. \r\n
    3. WATER ELECTROLYSIS MARKET, BY TECHNOLOGY (USD BILLION) 6.1. Alkaline Electrolysis 6.2. Proton Exchange Membrane Electrolysis 6.3. Solid Oxide Electrolysis 7. WATER ELECTROLYSIS MARKET, BY APPLICATION (USD BILLION) 7.1. Hydrogen Production 7.2. Energy Storage 7.3. Fuel Cells 8. WATER ELECTROLYSIS MARKET, BY END USE (USD BILLION) 8.1. Industrial 8.2. Transportation 8.3. Power Generation 9. WATER ELECTROLYSIS MARKET, BY ELECTROLYZER SIZE (USD BILLION) 9.1. Small Scale 9.2. Medium Scale 9.3. Large Scale 10. WATER ELECTROLYSIS MARKET, BY REGIONAL (USD BILLION) 10.1. North America 10.1.1. US 10.1.2. Canada 10.2. Europe 10.2.1. Germany 10.2.2. UK 10.2.3. France 10.2.4. Russia 10.2.5. Italy 10.2.6. Spain 10.2.7. Rest of Europe 10.3. APAC 10.3.1. China 10.3.2. India 10.3.3. Japan 10.3.4. South Korea 10.3.5. Malaysia 10.3.6. Thailand 10.3.7. Indonesia 10.3.8. Rest of APAC 10.4. South America 10.4.1. Brazil 10.4.2. Mexico 10.4.3. Argentina 10.4.4. Rest of South America 10.5. MEA 10.5.1. GCC Countries 10.5.2. South Africa 10.5.3. Rest of MEA
      1. \r\n
    4. COMPETITIVE LANDSCAPE 11.1. Overview 11.2. Competitive Analysis 11.3. Market share Analysis 11.4. Major Growth Strategy in the Water Electrolysis Market 11.5. Competitive Benchmarking 11.6. Leading Players in Terms of Number of Developments in the Water Electrolysis Market 11.7. Key developments and growth strategies 11.7.1. New Product Launch/Service Deployment 11.7.2. Merger & Acquisitions 11.7.3. Joint Ventures 11.8. Major Players Financial Matrix 11.8.1. Sales and Operating Income 11.8.2. Major Players R&D Expenditure. 2023 12. COMPANY PROFILES 12.1. Cummins Inc 12.1.1. Financial Overview 12.1.2. Products Offered 12.1.3. Key Developments 12.1.4. SWOT Analysis 12.1.5. Key Strategies 12.2. Nel ASA 12.2.1. Financial Overview 12.2.2. Products Offered 12.2.3. Key Developments 12.2.4. SWOT Analysis 12.2.5. Key Strategies 12.3. Siemens AG 12.3.1. Financial Overview 12.3.2. Products Offered 12.3.3. Key Developments 12.3.4. SWOT Analysis 12.3.5. Key Strategies 12.4. McPhy Energy SA 12.4.1. Financial Overview 12.4.2. Products Offered 12.4.3. Key Developments 12.4.4. SWOT Analysis 12.4.5. Key Strategies 12.5. Snam SpA 12.5.1. Financial Overview 12.5.2. Products Offered 12.5.3. Key Developments 12.5.4. SWOT Analysis 12.5.5. Key Strategies 12.6. Shell PLC 12.6.1. Financial Overview 12.6.2. Products Offered 12.6.3. Key Developments 12.6.4. SWOT Analysis 12.6.5. Key Strategies 12.7. Enel Green Power SpA 12.7.1. Financial Overview 12.7.2. Products Offered 12.7.3. Key Developments 12.7.4. SWOT Analysis 12.7.5. Key Strategies 12.8. Air Products and Chemicals Inc 12.8.1. Financial Overview 12.8.2. Products Offered 12.8.3. Key Developments 12.8.4. SWOT Analysis 12.8.5. Key Strategies 12.9. Posco Energy 12.9.1. Financial Overview 12.9.2. Products Offered 12.9.3. Key Developments 12.9.4. SWOT Analysis 12.9.5. Key Strategies 12.10. Plug Power Inc 12.10.1. Financial Overview 12.10.2. Products Offered 12.10.3. Key Developments 12.10.4. SWOT Analysis 12.10.5. Key Strategies 12.11. ITM Power PLC 12.11.1. Financial Overview 12.11.2. Products Offered 12.11.3. Key Developments 12.11.4. SWOT Analysis 12.11.5. Key Strategies 12.12. HydrogenPro 12.12.1. Financial Overview 12.12.2. Products Offered 12.12.3. Key Developments 12.12.4. SWOT Analysis 12.12.5. Key Strategies 12.13. Linde PLC 12.13.1. Financial Overview 12.13.2. Products Offered 12.13.3. Key Developments 12.13.4. SWOT Analysis 12.13.5. Key Strategies 12.14. Hydrogenics Corporation 12.14.1. Financial Overview 12.14.2. Products Offered 12.14.3. Key Developments 12.14.4. SWOT Analysis 12.14.5. Key Strategies 12.15. Green Hydrogen Systems 12.15.1. Financial Overview 12.15.2. Products Offered 12.15.3. Key Developments 12.15.4. SWOT Analysis 12.15.5. Key Strategies 13. APPENDIX 13.1. References 13.2. Related Reports LIST OF TABLES
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    5. LIST OF ASSUMPTIONS TABLE 2. NORTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 3. NORTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 4. NORTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 5. NORTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 6. NORTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 7. US WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 8. US WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 9. US WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 10. US WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 11. US WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 12. CANADA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 13. CANADA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 14. CANADA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 15. CANADA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 16. CANADA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 17. EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 18. EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 19. EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 20. EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 21. EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 22. GERMANY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 23. GERMANY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 24. GERMANY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 25. GERMANY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 26. GERMANY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 27. UK WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 28. UK WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 29. UK WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 30. UK WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 31. UK WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 32. FRANCE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 33. FRANCE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 34. FRANCE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 35. FRANCE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 36. FRANCE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 37. RUSSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 38. RUSSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 39. RUSSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 40. RUSSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 41. RUSSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 42. ITALY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 43. ITALY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 44. ITALY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 45. ITALY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 46. ITALY WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 47. SPAIN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 48. SPAIN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 49. SPAIN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 50. SPAIN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 51. SPAIN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 52. REST OF EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 53. REST OF EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 54. REST OF EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 55. REST OF EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 56. REST OF EUROPE WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 57. APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 58. APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 59. APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 60. APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 61. APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 62. CHINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 63. CHINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 64. CHINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 65. CHINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 66. CHINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 67. INDIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 68. INDIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 69. INDIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 70. INDIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 71. INDIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 72. JAPAN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 73. JAPAN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 74. JAPAN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 75. JAPAN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 76. JAPAN WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 77. SOUTH KOREA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 78. SOUTH KOREA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 79. SOUTH KOREA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 80. SOUTH KOREA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 81. SOUTH KOREA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 82. MALAYSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 83. MALAYSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 84. MALAYSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 85. MALAYSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 86. MALAYSIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 87. THAILAND WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 88. THAILAND WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 89. THAILAND WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 90. THAILAND WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 91. THAILAND WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 92. INDONESIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 93. INDONESIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 94. INDONESIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 95. INDONESIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 96. INDONESIA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 97. REST OF APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 98. REST OF APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 99. REST OF APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 100. REST OF APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 101. REST OF APAC WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 102. SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 103. SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 104. SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 105. SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 106. SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 107. BRAZIL WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 108. BRAZIL WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 109. BRAZIL WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 110. BRAZIL WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 111. BRAZIL WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 112. MEXICO WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 113. MEXICO WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 114. MEXICO WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 115. MEXICO WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 116. MEXICO WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 117. ARGENTINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 118. ARGENTINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 119. ARGENTINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 120. ARGENTINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 121. ARGENTINA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 122. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 123. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 124. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 125. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 126. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 127. MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 128. MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 129. MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 130. MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 131. MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 132. GCC COUNTRIES WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 133. GCC COUNTRIES WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 134. GCC COUNTRIES WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 135. GCC COUNTRIES WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 136. GCC COUNTRIES WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 137. SOUTH AFRICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 138. SOUTH AFRICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 139. SOUTH AFRICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 140. SOUTH AFRICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 141. SOUTH AFRICA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 142. REST OF MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD BILLIONS) TABLE 143. REST OF MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD BILLIONS) TABLE 144. REST OF MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD BILLIONS) TABLE 145. REST OF MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY ELECTROLYZER SIZE, 2019-2035 (USD BILLIONS) TABLE 146. REST OF MEA WATER ELECTROLYSIS MARKET SIZE ESTIMATES & FORECAST, BY REGIONAL, 2019-2035 (USD BILLIONS) TABLE 147. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL TABLE 148. ACQUISITION/PARTNERSHIP
      1. \r\n
      2. \r\n
    6. LIST OF FIGURES
      1. \r\n
    7. MARKET SYNOPSIS FIGURE 2. NORTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS FIGURE 3. US WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 4. US WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 5. US WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 6. US WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 7. US WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 8. CANADA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 9. CANADA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 10. CANADA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 11. CANADA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 12. CANADA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 13. EUROPE WATER ELECTROLYSIS MARKET ANALYSIS FIGURE 14. GERMANY WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 15. GERMANY WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 16. GERMANY WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 17. GERMANY WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 18. GERMANY WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 19. UK WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 20. UK WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 21. UK WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 22. UK WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 23. UK WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 24. FRANCE WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 25. FRANCE WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 26. FRANCE WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 27. FRANCE WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 28. FRANCE WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 29. RUSSIA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 30. RUSSIA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 31. RUSSIA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 32. RUSSIA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 33. RUSSIA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 34. ITALY WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 35. ITALY WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 36. ITALY WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 37. ITALY WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 38. ITALY WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 39. SPAIN WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 40. SPAIN WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 41. SPAIN WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 42. SPAIN WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 43. SPAIN WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 44. REST OF EUROPE WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 45. REST OF EUROPE WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 46. REST OF EUROPE WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 47. REST OF EUROPE WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 48. REST OF EUROPE WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 49. APAC WATER ELECTROLYSIS MARKET ANALYSIS FIGURE 50. CHINA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 51. CHINA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 52. CHINA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 53. CHINA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 54. CHINA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 55. INDIA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 56. INDIA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 57. INDIA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 58. INDIA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 59. INDIA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 60. JAPAN WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 61. JAPAN WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 62. JAPAN WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 63. JAPAN WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 64. JAPAN WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 65. SOUTH KOREA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 66. SOUTH KOREA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 67. SOUTH KOREA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 68. SOUTH KOREA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 69. SOUTH KOREA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 70. MALAYSIA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 71. MALAYSIA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 72. MALAYSIA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 73. MALAYSIA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 74. MALAYSIA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 75. THAILAND WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 76. THAILAND WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 77. THAILAND WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 78. THAILAND WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 79. THAILAND WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 80. INDONESIA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 81. INDONESIA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 82. INDONESIA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 83. INDONESIA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 84. INDONESIA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 85. REST OF APAC WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 86. REST OF APAC WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 87. REST OF APAC WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 88. REST OF APAC WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 89. REST OF APAC WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 90. SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS FIGURE 91. BRAZIL WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 92. BRAZIL WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 93. BRAZIL WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 94. BRAZIL WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 95. BRAZIL WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 96. MEXICO WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 97. MEXICO WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 98. MEXICO WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 99. MEXICO WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 100. MEXICO WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 101. ARGENTINA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 102. ARGENTINA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 103. ARGENTINA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 104. ARGENTINA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 105. ARGENTINA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 106. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 107. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 108. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 109. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 110. REST OF SOUTH AMERICA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 111. MEA WATER ELECTROLYSIS MARKET ANALYSIS FIGURE 112. GCC COUNTRIES WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 113. GCC COUNTRIES WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 114. GCC COUNTRIES WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 115. GCC COUNTRIES WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 116. GCC COUNTRIES WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 117. SOUTH AFRICA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 118. SOUTH AFRICA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 119. SOUTH AFRICA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 120. SOUTH AFRICA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 121. SOUTH AFRICA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 122. REST OF MEA WATER ELECTROLYSIS MARKET ANALYSIS BY TECHNOLOGY FIGURE 123. REST OF MEA WATER ELECTROLYSIS MARKET ANALYSIS BY APPLICATION FIGURE 124. REST OF MEA WATER ELECTROLYSIS MARKET ANALYSIS BY END USE FIGURE 125. REST OF MEA WATER ELECTROLYSIS MARKET ANALYSIS BY ELECTROLYZER SIZE FIGURE 126. REST OF MEA WATER ELECTROLYSIS MARKET ANALYSIS BY REGIONAL FIGURE 127. KEY BUYING CRITERIA OF WATER ELECTROLYSIS MARKET FIGURE 128. RESEARCH PROCESS OF MRFR FIGURE 129. DRO ANALYSIS OF WATER ELECTROLYSIS MARKET FIGURE 130. DRIVERS IMPACT ANALYSIS: WATER ELECTROLYSIS MARKET FIGURE 131. RESTRAINTS IMPACT ANALYSIS: WATER ELECTROLYSIS MARKET FIGURE 132. SUPPLY / VALUE CHAIN: WATER ELECTROLYSIS MARKET FIGURE 133. WATER ELECTROLYSIS MARKET, BY TECHNOLOGY, 2025 (% SHARE) FIGURE 134. WATER ELECTROLYSIS MARKET, BY TECHNOLOGY, 2019 TO 2035 (USD Billions) FIGURE 135. WATER ELECTROLYSIS MARKET, BY APPLICATION, 2025 (% SHARE) FIGURE 136. WATER ELECTROLYSIS MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions) FIGURE 137. WATER ELECTROLYSIS MARKET, BY END USE, 2025 (% SHARE) FIGURE 138. WATER ELECTROLYSIS MARKET, BY END USE, 2019 TO 2035 (USD Billions) FIGURE 139. WATER ELECTROLYSIS MARKET, BY ELECTROLYZER SIZE, 2025 (% SHARE) FIGURE 140. WATER ELECTROLYSIS MARKET, BY ELECTROLYZER SIZE, 2019 TO 2035 (USD Billions) FIGURE 141. WATER ELECTROLYSIS MARKET, BY REGIONAL, 2025 (% SHARE) FIGURE 142. WATER ELECTROLYSIS MARKET, BY REGIONAL, 2019 TO 2035 (USD Billions) FIGURE 143. BENCHMARKING OF MAJOR COMPETITORS
      1. \r\n

    Water Electrolysis Market Segmentation

     

     

     

    Water Electrolysis Market By Technology (USD Billion, 2019-2035)

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis



     

    Water Electrolysis Market By Application (USD Billion, 2019-2035)

    Hydrogen Production

    Energy Storage

    Fuel Cells



     

    Water Electrolysis Market By End Use (USD Billion, 2019-2035)

    Industrial

    Transportation

    Power Generation



     

    Water Electrolysis Market By Electrolyzer Size (USD Billion, 2019-2035)

    Small Scale

    Medium Scale

    Large Scale



     

    Water Electrolysis Market By Regional (USD Billion, 2019-2035)

    North America

    Europe

    South America

    Asia Pacific

    Middle East and Africa



     

    Water Electrolysis Market Regional Outlook (USD Billion, 2019-2035)

     



     

    North America Outlook (USD Billion, 2019-2035)

    North America Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    North America Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    North America Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    North America Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    North America Water Electrolysis Market by Regional Type

    US

    Canada

    US Outlook (USD Billion, 2019-2035)

    US Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    US Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    US Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    US Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    CANADA Outlook (USD Billion, 2019-2035)

    CANADA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    CANADA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    CANADA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    CANADA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    Europe Outlook (USD Billion, 2019-2035)

    Europe Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    Europe Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    Europe Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    Europe Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    Europe Water Electrolysis Market by Regional Type

    Germany

    UK

    France

    Russia

    Italy

    Spain

    Rest of Europe

    GERMANY Outlook (USD Billion, 2019-2035)

    GERMANY Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    GERMANY Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    GERMANY Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    GERMANY Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    UK Outlook (USD Billion, 2019-2035)

    UK Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    UK Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    UK Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    UK Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    FRANCE Outlook (USD Billion, 2019-2035)

    FRANCE Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    FRANCE Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    FRANCE Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    FRANCE Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    RUSSIA Outlook (USD Billion, 2019-2035)

    RUSSIA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    RUSSIA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    RUSSIA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    RUSSIA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    ITALY Outlook (USD Billion, 2019-2035)

    ITALY Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    ITALY Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    ITALY Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    ITALY Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    SPAIN Outlook (USD Billion, 2019-2035)

    SPAIN Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    SPAIN Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    SPAIN Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    SPAIN Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    REST OF EUROPE Outlook (USD Billion, 2019-2035)

    REST OF EUROPE Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    REST OF EUROPE Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    REST OF EUROPE Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    REST OF EUROPE Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    APAC Outlook (USD Billion, 2019-2035)

    APAC Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    APAC Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    APAC Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    APAC Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    APAC Water Electrolysis Market by Regional Type

    China

    India

    Japan

    South Korea

    Malaysia

    Thailand

    Indonesia

    Rest of APAC

    CHINA Outlook (USD Billion, 2019-2035)

    CHINA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    CHINA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    CHINA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    CHINA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    INDIA Outlook (USD Billion, 2019-2035)

    INDIA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    INDIA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    INDIA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    INDIA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    JAPAN Outlook (USD Billion, 2019-2035)

    JAPAN Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    JAPAN Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    JAPAN Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    JAPAN Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    SOUTH KOREA Outlook (USD Billion, 2019-2035)

    SOUTH KOREA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    SOUTH KOREA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    SOUTH KOREA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    SOUTH KOREA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    MALAYSIA Outlook (USD Billion, 2019-2035)

    MALAYSIA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    MALAYSIA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    MALAYSIA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    MALAYSIA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    THAILAND Outlook (USD Billion, 2019-2035)

    THAILAND Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    THAILAND Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    THAILAND Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    THAILAND Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    INDONESIA Outlook (USD Billion, 2019-2035)

    INDONESIA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    INDONESIA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    INDONESIA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    INDONESIA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    REST OF APAC Outlook (USD Billion, 2019-2035)

    REST OF APAC Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    REST OF APAC Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    REST OF APAC Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    REST OF APAC Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    South America Outlook (USD Billion, 2019-2035)

    South America Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    South America Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    South America Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    South America Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    South America Water Electrolysis Market by Regional Type

    Brazil

    Mexico

    Argentina

    Rest of South America

    BRAZIL Outlook (USD Billion, 2019-2035)

    BRAZIL Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    BRAZIL Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    BRAZIL Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    BRAZIL Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    MEXICO Outlook (USD Billion, 2019-2035)

    MEXICO Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    MEXICO Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    MEXICO Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    MEXICO Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    ARGENTINA Outlook (USD Billion, 2019-2035)

    ARGENTINA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    ARGENTINA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    ARGENTINA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    ARGENTINA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)

    REST OF SOUTH AMERICA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    REST OF SOUTH AMERICA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    REST OF SOUTH AMERICA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    REST OF SOUTH AMERICA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    MEA Outlook (USD Billion, 2019-2035)

    MEA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    MEA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    MEA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    MEA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    MEA Water Electrolysis Market by Regional Type

    GCC Countries

    South Africa

    Rest of MEA

    GCC COUNTRIES Outlook (USD Billion, 2019-2035)

    GCC COUNTRIES Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    GCC COUNTRIES Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    GCC COUNTRIES Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    GCC COUNTRIES Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    SOUTH AFRICA Outlook (USD Billion, 2019-2035)

    SOUTH AFRICA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    SOUTH AFRICA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    SOUTH AFRICA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    SOUTH AFRICA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

    REST OF MEA Outlook (USD Billion, 2019-2035)

    REST OF MEA Water Electrolysis Market by Technology Type

    Alkaline Electrolysis

    Proton Exchange Membrane Electrolysis

    Solid Oxide Electrolysis

    REST OF MEA Water Electrolysis Market by Application Type

    Hydrogen Production

    Energy Storage

    Fuel Cells

    REST OF MEA Water Electrolysis Market by End Use Type

    Industrial

    Transportation

    Power Generation

    REST OF MEA Water Electrolysis Market by Electrolyzer Size Type

    Small Scale

    Medium Scale

    Large Scale

     



     

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    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Victoria Milne

    Founder
    Case Study
    Chemicals and Materials