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Water Electrolysis Machine Market Growth, Forecast 2020-2030

Water Electrolysis Machine Market (Type: Proton Exchange Membrane [PEM], Alkaline Water Electrolysis, and Others; Input Power: Below 2 kW, 2 kW - 5 kW, and Above 5 kW; Hydrogen Production: Below 500, 500 – 2000, and Above 2000; and Application: Chemical, Petroleum, Pharmaceuticals, Power Plants, Electronics & Semiconductors, Steel Plants, and Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030

Growing Demand for Sustainable and Environment-friendly Technologies to Aid Market Growth

In the wake of climate change and the growing demand for environmental sustainability, commercial as well industrial sectors have identified hydrogen as a critical vector for a broad spectrum of applications in the future. Due to the growing interest toward hydrogen, innovations and technological advancements are mainly focused on the production of hydrogen in the most sustainable and environment-friendly manner. The increasing support from governments, along with the surge in private investments in renewable chemical technology is driving the global water electrolysis machine market during the forecast period.

Water electrolysis has attracted considerable popularity over the past couple of decades and the trend is set to continue over the forecast period. Moreover, as the regulatory landscape around the world pertaining to the pollution levels and environmental protection continues to support the emerging technological ecosystem, the adoption of water electrolysis machines is projected to witness steady growth in the upcoming period. The noteworthy progress in hydrogen generation is gradually improving both existing as well as emerging industrial electrochemical processes. The Sustainable Development Program published by the United Nations in 2015 and similar such programs are likely to further provide a boost to the overall development of the global water electrolysis machine market.

At the back of these factors, the global water electrolysis machine market is projected to surpass the market value of US$ 12 Bn by the end of 2030. At present, players operating in the current water electrolysis machine market landscape are expected to increase their research and development spending and continue to leverage the benefits of new technologies to launch efficient and environment-friendly water electrolysis machines.

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Mounting Pressure Pertaining to Environmental Protection to Drive Market

Over the past couple of decades, the industrial sector around the world is being compelled to shift toward sustainable and environment-friendly production technologies wherein water electrolysis machines are gaining popularity. The past decade has witnessed considerable developments across the water electrolysis machine market, as several manufacturers are focusing on improving the quality of their products. Water electrolysis machines have emerged as an imperative tool that efficiently splits purified water into oxygen and hydrogen. Although the adoption of solar and hydrogen-based technologies in several regions is relatively low due to the lack of freshwater, research and development activities are increasingly being carried out for the development of water electrolysis machines wherein impure or saline water can be split without purification.

The global shift toward hydrogen-based energy infrastructure is another major factor likely to provide a considerable boost to the overall growth of the global water electrolysis machine market. Several research and development projects are currently focusing on new materials and production techniques to improve the overall efficacy of water electrolysis machines. For instance, the research team at the National University of Ireland Galway and Technical University Berlin conducted research that primarily focused on the recent advancements in catalysts and materials.

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Demand to Remain Steady amid COVID-19 Pandemic

The growth of the global water electrolysis machine market is likely to remain slower than the previous year due to the outbreak of the novel COVID-19 pandemic. The supply chain of raw materials and other critical components required to develop water electrolysis machines is largely disrupted due to the restrictions on transportation, cross-border trade, etc. The movement of non-essential goods was primarily restricted by governments around the world as a measure to curb the spread of the novel coronavirus. However, while the sales are projected to witness a steep fall during the first two quarters of 2020, the market is likely to show signs of recovery toward the last quarter of 2020. Market players are expected to focus on product development and research activities to gain a competitive edge in the market during the post COVID-19 era.

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Analysts’ Viewpoint

The global water electrolysis machine market is expected to expand at a healthy CAGR of ~7% during the forecast period. Shift toward sustainable and environment-friendly technologies, increasing regulatory pressure pertaining to environmental protection, growing support from governments, and increasing investments toward the development of cutting-edge water electrolysis machines are some of the key factors that are anticipated to drive the growth of the global water electrolysis machine market during the assessment period. Market players should focus on research and development activities and eye opportunities in other regional markets by forging strategic partnerships and business alliances.

Water Electrolysis Machine Market: Overview

  • According to the latest market report published by Transparency Market Research on the water electrolysis machine market for the period 2020–2030 (wherein 2020 to 2030 is the forecast period and 2019 is the base year), expansion of the industrial sector across the globe is expected to drive the water electrolysis machine market
  • Globally, revenue generated by the water electrolysis machine market accounted for over US$ 6.4 Bn in 2019, which is expected to expand at a CAGR of ~7% in terms of value during the forecast period

Rising Demand for Hydrogen Produced through Water Electrolysis Machines across End-use Industries: Key Driver of Water Electrolysis Machine Market

  • Over the years, fuel cells and hydrogen have gained significant importance across a myriad of industries as a key solution to generate power and heat from numerous primary energy sources. Hydrogen can be used in fuel cells to generate power using a chemical reaction rather than combustion, producing only water and heat as byproducts. Fuel cells are used in a wide array of products, ranging from small fuel cells in portable devices such as mobile phones and laptops through large applications such as cars, delivery vehicles, buses, and ships to heat and power generators in stationary applications in domestic and industrial sectors. Future energy systems are also likely to include improved conventional energy converters running on hydrogen. As water electrolysis machines provide the cleanest form of hydrogen, the rising application of green hydrogen in fuel cells is expected to drive the overall water electrolysis machine market.

Strategic Partnerships and Ongoing R&D to Drive Water Electrolysis Machine Market

  • The global market for water electrolysis machines comprises some large scale and middle scale manufacturers focusing on product innovation and high-end technology development. Key industry participants are investing in strategic alliances and partnerships to gain competitive advantage in the evolving global water electrolysis machine market. These partnerships allow companies to strengthen their technical expertise with improved production capacity. Moreover, technical collaboration of industry participants is estimated to contribute to growth of hydrogen generation projects.  
  • For instance, in April 2017, Nel ASA acquired Proton Energy Systems, Inc. (ProtonOnsite), one of the largest manufacturers of hydrogen generators. ProtonOnsite offers PEM (Proton Exchange Membrane) electrolysis systems to various markets.

Increasing Demand for Green Hydrogen: Key Trend of Water Electrolysis Machine Market

  • Water electrolysis with renewable sources such as solar power, hydropower, or wind can develop effective green hydrogen. Water electrolysis machines produce green hydrogen that can be stored for hours, days, or months, converted back into electricity or used as a clean, CO2-free starting material in the mobility sector or for the production of sustainable chemicals.
  • For instance, as a part of the Carbon2Chem® project, thyssenkrupp’s alkaline water electrolysis unit has been successfully supplying hydrogen for the production of chemicals from steel mill waste gases. In 2018, the company had produced methanol from steel mill gases and in the following year, the production of ammonia succeeded with the help of the hydrogen produced by its water electrolysis machines. By contrast with conventional production methods, this process does not require fossil fuels such as natural gas, thus reducing CO2 emissions in both steelmaking and chemical production.

Greenhouse Gas Emission with Power Grid Electricity Source Hampering Growth of Water Electrolysis Machine Market

  • Hydrogen production with water electrolysis machine can result in zero GHG (greenhouse gas) emissions depending on the electricity source used. The electricity source, its cost, efficiency, and emissions resulting from electricity generation are the crucial factors while evaluating the economic viability and benefits of hydrogen production through water electrolysis machines. Power grid pathway for hydrogen production cannot be considered a viable option in many regions due to greenhouse gases released and the amount of fuel required due to the low efficiency of the electricity generation process. Delivering hydrogen at lower cost is a major challenge when it is produced from renewable sources.

Water Electrolysis Machine Market: Competition Landscape

  • Detailed profiles of manufacturers of water electrolysis machines have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the water electrolysis machine market include
    • Air Products and Chemicals, Inc.
    • AREVA H2Gen
    • Asahi Kasei Corporation
    • C&E Environmental Technology Co., Ltd.
    • Enagic International, Inc.
    • Eneco Holdings, Inc.
    • ErreDue spa
    • Hitachi Zosen Corporation
    • Hydrogenics Corporation
    •  ITM Power Plc.

Water Electrolysis Machine Market: Key Developments

  • Prominent manufacturers in the water electrolysis machine market are increasing investment toward innovative products to fulfill the needs of end users. Manufacturers are also planning to expand their product range and presence in various geographies through mergers & acquisitions, and tie-ups with local water electrolysis machine providers.
  • Some other key developments in the water electrolysis machine products market are highlighted below:
  • In March 2020, NEL ASA (Proton Onsite) announced a strategic collaboration with Kværner AS. The companies will collaborate on specific green hydrogen projects and standardization of solutions for large-scale hydrogen production plants.
  • In September 2019, Cummins Inc. completed the acquisition of Hydrogenics Corporation

Water Electrolysis Machine Market Segmentation

TMR’s study on the global water electrolysis machine market includes information categorized into six sections ? type, input power, hydrogen production, application, and region. Changing industry trends and other crucial market dynamics associated with these sections of the application market have been discussed in detail.

Type

  • Proton Exchange Membrane (PEM)
  • Alkaline Water Electrolysis
  • Others

Input Power

  • Below 2 kW
  • 2 kW - 5 kW
  • Above 5 kW

Hydrogen Production

  • Below 500
  • 500 - 2000
  • Above 2000

Application

  • Chemical
  • Petroleum
  • Pharmaceuticals
  • Power Plants
  • Electronics & Semiconductors
  • Steel Plants
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Mexico
    • Rest of South America
Water Electrolysis Machine Market Growth, Forecast 2020-2030

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Frequently Asked Questions

What is the study period of this market?

The Water Electrolysis Machine Markets studied from 2020 – 2030.

Which are the top companies in global water electrolysis machine market?

Key players operating in the global water electrolysis machine market include Air Products and Chemicals, Inc., AREVA H2Gen, Asahi Kasei Corporation, C&E Environmental Technology Co., Ltd., Enagic International, Inc., Eneco Holdings, Inc., ErreDue spa, Hitachi Zosen Corporation, Hydrogenics Corporation, and ITM Power Plc.

What are the applications of water electrolysis machine market?

Water electrolysis machines are largely used in for hydrogen synthesis and applications of specialty chemicals production, in addition to oxygen production uses in the space exploration sector, among others.

In what types are water electrolysis machines market available?

Companies usually manufacture water electrolysis machine products in 2 major variants – proton exchange membrane and alkaline water electrolysis. The demand for alkaline water electrolysis machine is expected to remain relatively stronger over other options.

What is the near-term competitive outlook of the global water electrolysis machine market?

Global water electrolysis machine market is fairly fragmented, with the major presence of mid- and small-size manufacturers, and strategic collaborations and product development gaining importance in the industry.

 Section 1. Preface

     1.1. Market Definition and Scope

     1.2. Market Segmentation

     1.3. Key Research Objectives

     1.4. Research Highlights

 Section 2. Assumptions

 Section 3. Research Methodology

 Section 4. Executive Summary

 Section 5. Market Overview

     5.1. Introduction

     5.2. Market Dynamics

         5.2.1. Drivers

         5.2.2. Restraints

         5.2.3. Opportunities

     5.3. Key Trends Analysis

         5.3.1. Demand Side Analysis

         5.3.2. Supply Side Analysis

     5.4. Key Market Indicators

         5.4.1. Overall Water Management Industry Overview– Considering Impact of COVI D-19

     5.5. Value Chain Analysis

         5.5.1. Managing Supply Chain Risk and Disruption – Considering Impact of COVID-19

     5.6. Raw Material Analysis

         5.6.1. Considering The Impact of COVID-19  

     5.7. Technology Overview

     5.8. Porter’s Five Forces Analysis

     5.9. Industry SWOT Analysis

     5.10. Water Electrolysis Machine Market Analysis and Forecast, 2018 - 2030

         5.10.1. Market Revenue Projections (US$ Mn)

         5.10.2. Market Volume Projection (Thousand Units)

 Section 6. Global Water Electrolysis Machine Market Analysis and Forecast, By Type

     6.1. Global Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         6.1.1. Proton Exchange Membrane (PEM)

         6.1.2. Alkaline Water Electrolysis

         6.1.3. Others

     6.2. Incremental Opportunity, By Type

 Section 7. Global Water Electrolysis Machine Market Analysis and Forecast, By Input Power

     7.1. Global Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         7.1.1. Below 5 kW

         7.1.2. 2 kW - 5 kW

         7.1.3. Above 5 kW

     7.2. Incremental Opportunity, By Input Power

 Section 8. Global Water Electrolysis Machine Market Analysis and Forecast, By Hydrogen Production

     8.1. Global Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         8.1.1. Below 500

         8.1.2. 500 - 2000

         8.1.3. Above 2000  

     8.2. Incremental Opportunity, By Hydrogen Production

 Section 9. Global Water Electrolysis Machine Market Analysis and Forecast, By Application

     9.1. Global Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         9.1.1. Chemical

         9.1.2. Petroleum

         9.1.3. Pharmaceuticals

         9.1.4. Power Plants

         9.1.5. Electronics & Semiconductors

         9.1.6. Steel Plants

         9.1.7. Others

     9.2. Incremental Opportunity, By Application

 Section 10. Global Water Electrolysis Machine Market Analysis and Forecast, By Region

     10.1. Global Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Region, 2018 - 2030

         10.1.1. North America

         10.1.2. Europe

         10.1.3. Asia Pacific

         10.1.4. Middle East & Africa

         10.1.5. South America

     10.2. Incremental Opportunity, By Region

 Section 11. North America Water Electrolysis Machine Market Analysis and Forecast

     11.1. Regional Snapshot

         11.1.1. By Type

         11.1.2. By Input Power

         11.1.3. By Hydrogen Production

         11.1.4. By Application

         11.1.5. By Country

     11.2. Key Trends

         11.2.1. Supply Side

         11.2.2. Demand Side

     11.3. Technology Overview

     11.4. Price Trend Analysis

         11.4.1. Weighted Average Selling Price ($)

         11.4.2. Price Impact COVID-19

     11.5. Impact Analysis of COVID-19

     11.6. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         11.6.1. Proton Exchange Membrane (PEM)

         11.6.2. Alkaline Water Electrolysis

         11.6.3. Others

     11.7. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         11.7.1. Below 5 kW

         11.7.2. 2 kW - 5 kW

         11.7.3. Above 5 kW

     11.8. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         11.8.1. Below 500

         11.8.2. 500 - 2000

         11.8.3. Above 2000  

     11.9. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         11.9.1. Chemical

         11.9.2. Petroleum

         11.9.3. Pharmaceuticals

         11.9.4. Power Plants

         11.9.5. Electronics & Semiconductors

         11.9.6. Steel Plants

         11.9.7. Others

     11.10. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Country & Sub-region, 2018 - 2030

         11.10.1. U.S.

         11.10.2. Canada

         11.10.3. Rest of North America

     11.11. Incremental Opportunity Analysis

 Section 12. Europe Water Electrolysis Machine Market Analysis and Forecast

     12.1. Regional Snapshot

         12.1.1. By Type

         12.1.2. By Input Power

         12.1.3. By Hydrogen Production

         12.1.4. By Application

         12.1.5. By Country

     12.2. Key Trends

         12.2.1. Supply Side

         12.2.2. Demand Side

     12.3. Technology Overview

     12.4. Price Trend Analysis

         12.4.1. Weighted Average Selling Price ($)

         12.4.2. Price Impact COVID-19

     12.5. Impact Analysis of COVID-19

     12.6. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         12.6.1. Proton Exchange Membrane (PEM)

         12.6.2. Alkaline Water Electrolysis

         12.6.3. Others

     12.7. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         12.7.1. Below 5 kW

         12.7.2. 2 kW - 5 kW

         12.7.3. Above 5 kW

     12.8. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         12.8.1. Below 500

         12.8.2. 500 - 2000

         12.8.3. Above 2000  

     12.9. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         12.9.1. Chemical

         12.9.2. Petroleum

         12.9.3. Pharmaceuticals

         12.9.4. Power Plants

         12.9.5. Electronics & Semiconductors

         12.9.6. Steel Plants

         12.9.7. Others

     12.10. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Country & Sub-region, 2018 - 2030

         12.10.1. UK

         12.10.2. Germany

         12.10.3. France

         12.10.4. Rest of Europe

     12.11. Incremental Opportunity Analysis

 Section 13. Asia Pacific Water Electrolysis Machine Market Analysis and Forecast

     13.1. Regional Snapshot

         13.1.1. By Type

         13.1.2. By Input Power

         13.1.3. By Hydrogen Production

         13.1.4. By Application

         13.1.5. By Country

     13.2. Key Trends

         13.2.1. Supply Side

         13.2.2. Demand Side

     13.3. Technology Overview

     13.4. Price Trend Analysis

         13.4.1. Weighted Average Selling Price ($)

         13.4.2. Price Impact COVID-19

     13.5. Impact Analysis of COVID-19

     13.6. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         13.6.1. Proton Exchange Membrane (PEM)

         13.6.2. Alkaline Water Electrolysis

         13.6.3. Others

     13.7. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         13.7.1. Below 5 kW

         13.7.2. 2 kW - 5 kW

         13.7.3. Above 5 kW

     13.8. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         13.8.1. Below 500

         13.8.2. 500 - 2000

         13.8.3. Above 2000  

     13.9. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         13.9.1. Chemical

         13.9.2. Petroleum

         13.9.3. Pharmaceuticals

         13.9.4. Power Plants

         13.9.5. Electronics & Semiconductors

         13.9.6. Steel Plants

         13.9.7. Others

     13.10. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Country & Sub-region, 2018 - 2030

         13.10.1. China

         13.10.2. Japan

         13.10.3. India

         13.10.4. Rest of Asia Pacific

     13.11. Incremental Opportunity Analysis

 Section 14. Middle East & Africa Water Electrolysis Machine Market Analysis and Forecast

     14.1. Regional Snapshot

         14.1.1. By Type

         14.1.2. By Input Power

         14.1.3. By Hydrogen Production

         14.1.4. By Application

         14.1.5. By Country

     14.2. Key Trends

         14.2.1. Supply Side

         14.2.2. Demand Side

     14.3. Technology Overview

     14.4. Price Trend Analysis

         14.4.1. Weighted Average Selling Price ($)

         14.4.2. Price Impact COVID-19

     14.5. Impact Analysis of COVID-19

     14.6. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         14.6.1. Proton Exchange Membrane (PEM)

         14.6.2. Alkaline Water Electrolysis

         14.6.3. Others

     14.7. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         14.7.1. Below 5 kW

         14.7.2. 2 kW - 5 kW

         14.7.3. Above 5 kW

     14.8. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         14.8.1. Below 500

         14.8.2. 500 - 2000

         14.8.3. Above 2000  

     14.9. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         14.9.1. Chemical

         14.9.2. Petroleum

         14.9.3. Pharmaceuticals

         14.9.4. Power Plants

         14.9.5. Electronics & Semiconductors

         14.9.6. Steel Plants

         14.9.7. Others

     14.10. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Country & Sub-region, 2018 - 2030

         14.10.1. GCC

         14.10.2. South Africa

         14.10.3. Rest of Middle East & Africa

     14.11. Incremental Opportunity Analysis

 Section 15. South America Water Electrolysis Machine Market Analysis and Forecast

     15.1. Regional Snapshot

         15.1.1. By Type

         15.1.2. By Input Power

         15.1.3. By Hydrogen Production

         15.1.4. By Application

         15.1.5. By Country

     15.2. Key Trends

         15.2.1. Supply Side

         15.2.2. Demand Side

     15.3. Technology Overview

     15.4. Price Trend Analysis

         15.4.1. Weighted Average Selling Price ($)

         15.4.2. Price Impact COVID-19

     15.5. Impact Analysis of COVID-19

     15.6. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Type, 2018 - 2030

         15.6.1. Proton Exchange Membrane (PEM)

         15.6.2. Alkaline Water Electrolysis

         15.6.3. Others

     15.7. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Input Power, 2018 - 2030

         15.7.1. Below 5 kW

         15.7.2. 2 kW - 5 kW

         15.7.3. Above 5 kW

     15.8. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Hydrogen Production, 2018 - 2030

         15.8.1. Below 500

         15.8.2. 500 - 2000

         15.8.3. Above 2000  

     15.9. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Application, 2018 - 2030

         15.9.1. Chemical

         15.9.2. Petroleum

         15.9.3. Pharmaceuticals

         15.9.4. Power Plants

         15.9.5. Electronics & Semiconductors

         15.9.6. Steel Plants

         15.9.7. Others

     15.10. Water Electrolysis Machine Market Size (Thousand Units & US$ Mn) Forecast, By Country & Sub-region, 2018 - 2030

         15.10.1. Brazil

         15.10.2. Rest of South America

     15.11. Incremental Opportunity Analysis

 Section 16. Competition Landscape

     16.1. Market Player – Competition Dashboard

     16.2. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

         16.2.1. Air Products and Chemicals, Inc.

             16.2.1.1. Company Overview

             16.2.1.2. Sales Area/Geographical Presence

             16.2.1.3. Revenue

             16.2.1.4. Strategy & Business Overview                         

         16.2.2. AREVA H2Gen

             16.2.2.1. Company Overview

             16.2.2.2. Sales Area/Geographical Presence

             16.2.2.3. Revenue

             16.2.2.4. Strategy & Business Overview                         

         16.2.3. Asahi Kasei Corporation

             16.2.3.1. Company Overview

             16.2.3.2. Sales Area/Geographical Presence

             16.2.3.3. Revenue

             16.2.3.4. Strategy & Business Overview                         

         16.2.4. C&E Environmental Technology Co., Ltd.

             16.2.4.1. Company Overview

             16.2.4.2. Sales Area/Geographical Presence

             16.2.4.3. Revenue

             16.2.4.4. Strategy & Business Overview                         

         16.2.5. Enagic

             16.2.5.1. Company Overview

             16.2.5.2. Sales Area/Geographical Presence

             16.2.5.3. Revenue

             16.2.5.4. Strategy & Business Overview                         

         16.2.6. Eneco Holdings

             16.2.6.1. Company Overview

             16.2.6.2. Sales Area/Geographical Presence

             16.2.6.3. Revenue

             16.2.6.4. Strategy & Business Overview                         

         16.2.7. ErreDue s.p.a.

             16.2.7.1. Company Overview

             16.2.7.2. Sales Area/Geographical Presence

             16.2.7.3. Revenue

             16.2.7.4. Strategy & Business Overview                         

         16.2.8. Hitachi Zosen Corporation

             16.2.8.1. Company Overview

             16.2.8.2. Sales Area/Geographical Presence

             16.2.8.3. Revenue

             16.2.8.4. Strategy & Business Overview                         

         16.2.9. Hydrogenics

             16.2.9.1. Company Overview

             16.2.9.2. Sales Area/Geographical Presence

             16.2.9.3. Revenue

             16.2.9.4. Strategy & Business Overview                         

         16.2.10. Hydrogenics Corporation

             16.2.10.1. Company Overview

             16.2.10.2. Sales Area/Geographical Presence

             16.2.10.3. Revenue

             16.2.10.4. Strategy & Business Overview                         

         16.2.11. Linde AG

             16.2.11.1. Company Overview

             16.2.11.2. Sales Area/Geographical Presence

             16.2.11.3. Revenue

             16.2.11.4. Strategy & Business Overview                         

         16.2.12. Nel  ASA

             16.2.12.1. Company Overview

             16.2.12.2. Sales Area/Geographical Presence

             16.2.12.3. Revenue

             16.2.12.4. Strategy & Business Overview                         

         16.2.13. Peak Scientific

             16.2.13.1. Company Overview

             16.2.13.2. Sales Area/Geographical Presence

             16.2.13.3. Revenue

             16.2.13.4. Strategy & Business Overview                         

         16.2.14. ProtonOnsite

             16.2.14.1. Company Overview

             16.2.14.2. Sales Area/Geographical Presence

             16.2.14.3. Revenue

             16.2.14.4. Strategy & Business Overview                         

         16.2.15. Siemens AG

             16.2.15.1. Company Overview

             16.2.15.2. Sales Area/Geographical Presence

             16.2.15.3. Revenue

             16.2.15.4. Strategy & Business Overview                         

         16.2.16. Teledyne Energy Systems Inc.

             16.2.16.1. Company Overview

             16.2.16.2. Sales Area/Geographical Presence

             16.2.16.3. Revenue

             16.2.16.4. Strategy & Business Overview                         

         16.2.17. Teledyne Technologies Incorporated

             16.2.17.1. Company Overview

             16.2.17.2. Sales Area/Geographical Presence

             16.2.17.3. Revenue

             16.2.17.4. Strategy & Business Overview                         

         16.2.18. ThyssenKrupp AG

             16.2.18.1. Company Overview

             16.2.18.2. Sales Area/Geographical Presence

             16.2.18.3. Revenue

             16.2.18.4. Strategy & Business Overview                         

         16.2.19. Toshiba Lifestyle Products & Services Corporation

             16.2.19.1. Company Overview

             16.2.19.2. Sales Area/Geographical Presence

             16.2.19.3. Revenue

             16.2.19.4. Strategy & Business Overview                         

         16.2.20. Kobel co Eco-Solutions

             16.2.20.1. Company Overview

             16.2.20.2. Sales Area/Geographical Presence

             16.2.20.3. Revenue

             16.2.20.4. Strategy & Business Overview                         

Section 17. Key Takeaways

     17.1. Solution to Overcome From the Current Situation (COVID-19 Impact)

     17.2. Identification of Potential Market Spaces

         17.2.1. Product Type

         17.2.2. Application

         17.2.3. Geography

     17.3. Understanding the Buying Process of the Customers

         17.3.1. Preferred Product Type

         17.3.2. Preferred Pricing

         17.3.3. Target Audience

         17.3.4. Prevailing Market Risks

         17.3.5. Preferred Sales & Marketing Strategy

List of Tables

Table 1: Global Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 2: Global Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 3: Global Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 4: Global Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 5: Global Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 6: Global Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 7: Global Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 8: Global Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 9: Global Water Electrolysis Machine Market Value, by Region, US$ Mn, 2018-2030  

Table 10: Global Water Electrolysis Machine Market Volume, by Region, Thousand Units,2018-2030  

Table 11: North America Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 12: North America Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 13: North America Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 14: North America Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 15: North America Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 16: North America Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 17North America Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 18North America Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 19: North America Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Table 20: North America Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Table 21: Europe Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 22: Europe Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 23: Europe Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 24: Europe Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 25: Europe Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 26: Europe Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 27Europe Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 28Europe Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 29: Europe Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Table 30: Europe Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Table 31: Asia Pacific Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 32: Asia Pacific Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 33: Asia Pacific Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 34: Asia Pacific Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 35: Asia Pacific Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 36: Asia Pacific Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 37Asia Pacific Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 38Asia Pacific Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 39: Asia Pacific Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Table 40: Asia Pacific Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Table 41: MEA Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 42: MEA Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 43: MEA Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 44: MEA Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 45: MEA Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 46: MEA Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 47MEA Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 48MEA Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 49: MEA Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Table 50: MEA Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Table 51: South America Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Table 52: South America Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Table 53: South America Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Table 54: South America Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Table 55: South America Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Table 56: South America Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Table 57: South America Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Table 58: South America Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Table 59: South America Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Table 60: South America Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

List of Figures

Figure 1: Global Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 2: Global Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 3: Global Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 4: Global Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 5: Global Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 6: Global Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 7: Global Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 8: Global Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 9: Global Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 10: Global Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 11: Global Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 12: Global Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 13: Global Water Electrolysis Machine Market Value, by Region, US$ Mn, 2018-2030  

Figure 14: Global Water Electrolysis Machine Market Volume, by Region, Thousand Units,2018-2030  

Figure 15: North America Water Electrolysis Machine Market Incremental Opportunity, by Region,2020-2030

Figure 16: North America Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 17: North America Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 18: North America Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 19: North America Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 20: North America Water Electrolysis Machine Market Volume, by Input Power, Thousand Units, 2018-2030  

Figure 21: North America Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 22: North America Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 23: North America Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 24: North America Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 25: North America Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 26: North America Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 27: North America Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 28: North America Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Figure 29: North America Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Figure 30: North America Water Electrolysis Machine Market Incremental Opportunity, by Country/Sub-Region, 2020-2030

Figure 31: Europe Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 32: Europe Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 33: Europe Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 34: Europe Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 35: Europe Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 36: Europe Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 37: Europe Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 38: Europe Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 39: Europe Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 40: Europe Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 41: Europe Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 42: Europe Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 43: Europe Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Figure 44: Europe Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Figure 45: Europe Water Electrolysis Machine Market Incremental Opportunity, by Country/Sub-Region, 2020-2030

Figure 46: Asia Pacific Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 47: Asia Pacific Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 48: Asia Pacific Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 49: Asia Pacific Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 50: Asia Pacific Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 51: Asia Pacific Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 52: Asia Pacific Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 53: Asia Pacific Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 54: Asia Pacific Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 55: Asia Pacific Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 56: Asia Pacific Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 57: Asia Pacific Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 58: Asia Pacific Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Figure 59: Asia Pacific Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Figure 60: Asia Pacific Water Electrolysis Machine Market Incremental Opportunity, by Country/Sub-Region, 2020-2030

Figure 61: MEA Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 62: MEA Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 63: MEA Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 64: MEA Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 65: MEA Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 66: MEA Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 67: MEA Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 68: MEA Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 69: MEA Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 70: MEA Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 71: MEA Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 72: MEA Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 73: MEA Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Figure 74: MEA Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Figure 75: MEA Water Electrolysis Machine Market Incremental Opportunity, by Country/Sub-Region, 2020-2030

Figure 76: South America Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 77: South America Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 78: South America Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 79: South America Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 80: South America Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 81: South America Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 82: South America Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 83: South America Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 84: South America Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 85: South America Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 86: South America Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 87: South America Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 88: South America Water Electrolysis Machine Market Value, by Country/Sub-Region, US$ Mn, 2018-2030  

Figure 89: South America Water Electrolysis Machine Market Volume, by Country/Sub-Region, Thousand Units,2018-2030  

Figure 90: South America Water Electrolysis Machine Market Incremental Opportunity, by Country/Sub-Region, 2020-2030

Figure 1: Global Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 2: Global Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 3: Global Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 4: Global Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 5: Global Water Electrolysis Machine Market Volume, by Input Power, Thousand Units,2018-2030  

Figure 6: Global Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

Figure 7: Global Water Electrolysis Machine Market Value, by Hydrogen Production, US$ Mn, 2018-2030  

Figure 8: Global Water Electrolysis Machine Market Volume, by Hydrogen Production, Thousand Units,2018-2030  

Figure 9: Global Water Electrolysis Machine Market Incremental Opportunity, by Hydrogen Production, 2020-2030

Figure 10: Global Water Electrolysis Machine Market Value, by Application, US$ Mn, 2018-2030  

Figure 11: Global Water Electrolysis Machine Market Volume, by Application, Thousand Units,2018-2030  

Figure 12: Global Water Electrolysis Machine Market Incremental Opportunity, by Application, 2020-2030

Figure 13: Global Water Electrolysis Machine Market Value, by Region, US$ Mn, 2018-2030  

Figure 14: Global Water Electrolysis Machine Market Volume, by Region, Thousand Units,2018-2030  

Figure 15: North America Water Electrolysis Machine Market Incremental Opportunity, by Region,2020-2030

Figure 16: North America Water Electrolysis Machine Market Value, by Type, US$ Mn, 2018-2030  

Figure 17: North America Water Electrolysis Machine Market Volume, by Type, Thousand Units,2018-2030  

Figure 18: North America Water Electrolysis Machine Market Incremental Opportunity, by Type, 2020-2030

Figure 19: North America Water Electrolysis Machine Market Value, by Input Power, US$ Mn, 2018-2030  

Figure 20: North America Water Electrolysis Machine Market Volume, by Input Power,Thousand Units,2018-2030  

Figure 21: North America Water Electrolysis Machine Market Incremental Opportunity, by Input Power, 2020-2030

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