The Global Hydrogen Generation by Water Electrolysis Market Size is estimated to register 35.8% growth over the forecast period from 2023 to 2030.
The market growth is driven by increasing Ongoing research and development efforts have led to advancements in electrolysis technology, making it more efficient and cost-effective. Leading Companies focusing on Decarbonization and Clean Energy Transition, Rapid Technological Advancements, Scale-up and Cost Reduction, Integration with Renewable Energy, Hydrogen Production at Remote Locations, and others to boost market shares in the industry.
The Hydrogen Generation by Water Electrolysis Market involves the environmentally friendly production of hydrogen by splitting water using electricity, primarily from renewable sources. Notable players include Nel Hydrogen, Hydrogenics Corporation, and ITM Power, among others. Key trends include the rise of green hydrogen, technological advancements in electrolyzer efficiency, integration with renewables, expanding hydrogen infrastructure, and growing industrial and transportation adoption. Drivers include environmental concerns, government support, the global energy transition, and the use of electrolysis for energy storage. Challenges encompass the cost of production, infrastructure development, and scalability.
The Hydrogen Generation by Water Electrolysis Market is surging due to the increasing demand for green hydrogen, which is produced using efficient and scalable water electrolysis technology powered by renewable energy sources. This clean hydrogen production method is pivotal in the global transition to a low-carbon energy landscape, with governments, industries, and investors recognizing its potential in various applications. As a result, the market is expected to play a crucial role in shaping a more sustainable and decarbonized energy future.
The Hydrogen Generation by Water Electrolysis Market is rapidly expanding, primarily driven by the development of hydrogen infrastructure and the increasing need for efficient and scalable green hydrogen production. Water electrolysis, powered by renewables, is a prominent technology in this context. The growth of hydrogen infrastructure, including refueling stations and distribution networks, is accelerating demand for electrolysis technology, as it ensures the delivery and utilization of green hydrogen in various sectors. This technology plays a vital role in advancing a sustainable hydrogen ecosystem, aligning with the global transition towards a cleaner energy landscape.
The Hydrogen Generation by Water Electrolysis Market is growing significantly due to the introduction of new industrial applications for green hydrogen. Water electrolysis, powered by renewable energy, is the most efficient and scalable technology for clean hydrogen production. Industries seeking cleaner energy sources are adopting green hydrogen, and its use in applications such as chemicals, refining, and steel production is driving demand for water electrolysis. This technology's efficiency and scalability are pivotal in meeting the demand for cleaner hydrogen in industrial processes, contributing to global efforts to reduce emissions and adopt environmentally responsible energy solutions.
The Global Hydrogen Generation by Water Electrolysis Market is analyzed across Alkaline Water Electrolysis, Proton Exchange membrane (PEM) Electrolysis, and others. proton exchange membrane (PEM) electrolysis is poised to register the fastest growth. Proton Exchange Membrane (PEM) electrolysis is a pivotal technology in the Hydrogen Generation by Water Electrolysis Market, known for its high efficiency, rapid response, compact design, and suitability for producing high-purity hydrogen. This technology is often integrated with renewable energy sources and is particularly well-suited for hydrogen fuel cell applications, including transportation and hydrogen refueling stations. The growth of PEM electrolysis is closely linked to the increasing demand for green hydrogen and the transition towards cleaner and more sustainable hydrogen production methods.
The Global Hydrogen Generation by Water Electrolysis Market is analyzed across various applications including New Energy Vehicles, Research Institutions, Emergency Response Systems, and others. Of these, New Energy Vehicles held a significant market share in 2023. New energy vehicles (NEVs), particularly hydrogen fuel cell vehicles (FCVs), are a significant driver of the Hydrogen Generation by Water Electrolysis Market. FCVs, a subset of NEVs, rely on green hydrogen produced through water electrolysis for zero-emission driving. They offer extended range and fast refueling, making them suitable for applications such as commercial vehicles and long-haul transportation. The growth of FCVs is closely tied to the expansion of hydrogen refueling infrastructure, ongoing research for improved efficiency, government support, and stricter environmental regulations promoting clean transportation. NEVs represent a key market segment that enhances the demand for green hydrogen production via water electrolysis.
By Application
By Region
*List not exhaustive
Hydrogen Generation by Water Electrolysis Market Outlook 2023
1 Market Overview
1.1 Introduction to the Hydrogen Generation by Water Electrolysis Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Hydrogen Generation by Water Electrolysis Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Hydrogen Generation by Water Electrolysis Market Companies with Area Served
4.2.2 Products Offerings Global Hydrogen Generation by Water Electrolysis Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 post-COVID-19 Scenario- Low Growth Case
5.1.3 post-COVID-19 Scenario- Reference Growth Case
5.1.4 post-COVID-19 Scenario- Low Growth Case
6 Global Hydrogen Generation by Water Electrolysis Market Trends
6.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) and CAGR (%) by regions (2018-2030)
7 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Hydrogen Generation by Water Electrolysis Development Regional Status and Outlook
8.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Regions (2018-2022)
8.2 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
8.5 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Hydrogen Generation by Water Electrolysis Development Regional Status and Outlook Forecast
11.1 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Regions (2023-2030)
11.2 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Hydrogen Generation by Water Electrolysis Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Applications (2023-2030)
11.5 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million), by region (2023-2030)
11.6.2 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Hydrogen Generation by Water Electrolysis Market Companies with Areas Served
Table 3 Products Offerings Global Hydrogen Generation by Water Electrolysis Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 11 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Hydrogen Generation by Water Electrolysis Market Share (%) By Regions (2018-2022)
Table 16 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Table 17 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 18 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Table 26 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 27 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 33 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Hydrogen Generation by Water Electrolysis Revenue (USD)By Country (2023-2030)
Table 38 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 39 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Table 47 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 48 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Type (2022)
Figure 5 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Applications (2022)
Figure 7 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Hydrogen Generation by Water Electrolysis Market Share (%) By Regions (2022)
Figure 9 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Type (2030)
Figure 26 Global Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Hydrogen Generation by Water Electrolysis Revenue Market Share (%) By Applications (2030)
Figure 28 Global Hydrogen Generation by Water Electrolysis Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Hydrogen Generation by Water Electrolysis Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches for This Report
Figure 46 Data Triangulation
By Application
By Region