Electrochemical water splitting represents one of the most promising technologies to produce green hydrogen, which can help to realize the goal of achieving carbon neutrality. While substantial efforts on a laboratory scale have been made for understanding fundamental catalysis and developing high-performance electrocatalysts for the two half-reactions involved in water electrocatalysis, much less attention has been paid to doing relevant research on a larger scale. For example, few such researches have been done on an industrial scale. Herein, we review the very recent endeavors to bridge the gaps between fundamental research and industrial applications for water electrolysis. We begin by introducing the fundamentals of electrochemical water splitting and then present comparisons of testing protocol, figure of merit, catalyst of interest, and manufacturing cost for laboratory and industry-based water-electrolysis research. Special attention is paid to tracking the surface reconstruction process and identifying real catalytic species under different testing conditions, which highlight the significant distinctions of corresponding electrochemical reconstruction mechanisms. Advances in catalyst designs for industry-relevant water electrolysis are also summarized, which reveal the progress of moving the practical applications forward and accelerating synergies between material science and engineering. Perspectives and challenges of electrocatalyst design strategies are proposed finally to further bridge the gaps between lab-scale research and large-scale electrocatalysis applications.