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.
Global Water Electrolysis key players include 718th Research Institute of CSIC, Proton On-Site, Hydrogenics, Teledyne Energy Systems, etc. Global top 5 manufacturers hold a Sales Share over 50%. North America accounts for the most Production Market Share, which have a share over 30%, followed by China. In terms of product, Low Traditional Alkaline Electroliser is the largest segment, with a Sales Share over 60%. And in terms of application, the largest application is Energy Storage or Fueling for FCEV's, followed by Power Plants.

Market Analysis and Insights: Global Water Electrolysis Market
In 2020, the global Water Electrolysis market size was US$ 218 million and it is expected to reach US$ 673.8 million by the end of 2027, with a CAGR of 16.3% during 2021-2027.
Global Water Electrolysis Scope and Market Size
Water Electrolysis market is segmented by region, by country, company, type, application and by sales channels. 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 sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Segment by Type, the Water Electrolysis market is segmented into
Traditional Alkaline Electroliser
PEM Electroliser

Segment by Application, the Water Electrolysis market is segmented into
Power Plants
Steel Plant
Electronics and Photovoltaics
Industrial Gases
Energy Storage or Fueling for FCEV's
Power to Gas
Others

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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