Water electrolysis is an important alternative technology for large-scale hydrogen production to facilitate the development of green energy technology. As such, many efforts have been devoted over the past three decades to producing novel electrocatalysis with strong electrochemical (EC) performance using inexpensive electrocatalysts. Transition metal oxyhydroxide (OxH)-based electrocatalysts have received substantial interest, and prominent results have been achieved for the hydrogen evolution reaction (HER) under alkaline conditions. Herein, the extensive research focusing on the discussion of OxH-based electrocatalysts is comprehensively highlighted. The general forms of the water-splitting mechanism are described to provide a profound understanding of the mechanism, and their scaling relation activities for OxH electrode materials are given. This paper summarizes the current developments on the EC performance of transition metal OxHs, rare metal OxHs, polymers, and MXene-supported OxH-based electrocatalysts. Additionally, an outline of the suggested HER, OER, and water-splitting processes on transition metal OxH-based electrocatalysts, their primary applications, existing problems, and their EC performance prospects are discussed. Furthermore, this review article discusses the production of energy sources from the proton and electron transfer processes. The highlighted electrocatalysts have received substantial interest to boost the synergetic electrochemical effects to improve the economy of the use of hydrogen, which is one of best ways to fulfill the global energy requirements and address environmental crises. This article also provides useful information regarding the development of OxH electrodes with a hierarchical nanostructure for the water-splitting reaction. Finally, the challenges with the reaction and perspectives for the future development of OxH are elaborated.