According to a market report by Lucintel, the future of the global water electrolysis hydrogen production equipment market looks promising with opportunities in the coal chemical, petrochemical, iron & steel metallurgy, transportation, energy, and electric power markets. The global water electrolysis hydrogen production equipment market is expected to grow with a CAGR of 7.2% from 2025 to 2031. The major drivers for this market are increase in demand for clean energy, rising government support for hydrogen initiatives, and growing adoption of hydrogen in industry.
A more than 150-page report to understand trends, opportunity and forecast in water electrolysis hydrogen production equipment market to 2031 by type (alkaline electrolytic water hydrogen production equipment and PEM electrolysis water hydrogen production equipment), application (coal chemical, petrochemical, iron & steel metallurgy, transportation, energy, electric power, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, PEM electrolysis water hydrogen production equipment is expected to witness higher growth over the forecast period.
Within the application category, energy industry is expected to witness the highest growth due to increasing use as a clean fuel for power generation.
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In terms of region, Europe is expected to witness the highest growth over the forecast period due to the region pioneering role in sustainable energy solutions.
Cummins, Teledyne Energy Systems, Nel Hydrogen, McPhy, Siemens Energy, Hygear, Areva H2Gen, Asahi Kasei, Thyssenkrupp, Idroenergy are the major suppliers in the water electrolysis hydrogen production equipment market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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