세계의 전해조 시장 : 기술별, 정격 전력별, 용도별, 컴포넌트별, 지역별 예측(-2031년)

The electrolyzers market is projected to reach USD 14.48 billion by 2031 from USD 2.08 billion in 2025, registering a CAGR of 38.2%. Market growth is driven by the increasing deployment of renewable energy systems, industrial decarbonization programs, and clean mobility initiatives, all of which rely on electrolyzers for sustainable hydrogen production.

Electrolyzers play a crucial role in enabling the supply of green hydrogen to industries such as chemicals, steel, refineries, and power generation, helping reduce emissions and ensure operational continuity across various applications. Government initiatives that promote renewable energy integration, net-zero targets, and energy security are accelerating the adoption of electrolyzers across industrial, utilities, mobility, and commercial sectors.

"<500 KW Segment, by Power Rating, to Record Highest CAGR from 2025 to 2031"

Electrolyzers with a power rating of <500 kW are expected to witness the highest CAGR due to their flexibility and suitability for small-scale and decentralized hydrogen production. These compact systems are widely used in hydrogen refueling stations, small industrial operations, and residential or community energy storage. Their lower upfront cost, ease of installation, and ability to support localized green hydrogen production make them highly attractive, especially in regions without access to large-scale hydrogen infrastructure. Rising demand for on-site hydrogen generation in renewable energy projects and mobility applications is further accelerating growth in this segment.

"Anion Exchange Membrane (AEM) Electrolyzers, by Technology, to Record Highest CAGR from 2025 to 2031"

AEM electrolyzers are expected to record the highest CAGR during the forecast period because they offer cost-effective hydrogen production without relying on expensive precious metal catalysts, such as platinum or iridium. AEM systems combine the key advantages of both alkaline and PEM technologies-good efficiency and compact design-while keeping costs low. Their ability to integrate easily with renewable energy for on-site hydrogen generation makes them increasingly attractive for industries and governments seeking affordable and sustainable green hydrogen solutions.

"Asia Pacific to account for largest share of electrolyzers market in 2031"

The Asia Pacific region is poised to emerge as a significant growth engine for the global electrolyzers market, driven by the expansion of renewable energy capacity, national hydrogen roadmaps, and increasing investment in domestic manufacturing. Countries such as China, India, Japan, South Korea, and Australia are developing large, integrated hydrogen hubs that combine electrolysis, ammonia synthesis, and export-oriented infrastructure. The increasing focus on energy security, industrial competitiveness, and the adoption of clean mobility, including hydrogen buses, trucks, and port equipment, is driving project development. Strong public-private partnerships, incentives for local production, and rapid cost declines in solar and wind technologies continue to accelerate the deployment of electrolyzers across the region.

In-depth interviews were conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among others, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1 - 60%, Tier 2 - 25%, and Tier 3 - 15%

By Designation: C-level Executives - 33%, Directors - 24%, and Others - 43%

By Region: North America - 25%, Europe - 25%, Asia Pacific - 30%, and Rest of the World - 20%

Note: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: >USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: <USD 500 million. Others include sales managers, engineers, and regional managers.

thyssenkrupp nucera (Germany), Siemens Energy (Germany), John Cockerill, Nel (Norway), Cummins Inc. (US), Plug Power Inc. (US), LONGi (China), Asahi Kasei Corporation (Japan), Envision Group (China), ITM Power plc (UK), Sunfire GmbH (Germany), Enapter (Italy), Bloom Energy (US), SUNGROW (China), Next Hydrogen (Canada), Shandong AUYAN New Energy Technology Co., Ltd. (China), Quest One GmbH (Germany), TOPSOE (Denmark), Erre Due s.p.a. (Italy), Hygreen Energy (China), iGas energy GmbH (Germany), Cipher Neutron (Canada), HydrogenPro (Norway), Ohmium (US), and PERIC Hydrogen Technologies Co., Ltd. (China) are some major players in the electrolyzers market. The study includes an in-depth competitive analysis of these key players in the electrolyzers market, with their company profiles, recent developments, and key market strategies.

Study Coverage:

The report defines, describes, and forecasts the electrolyzers market by power rating (<500 kW, 500-2,000 kW, above 2,000 kW), technology (alkaline electrolyzer, proton exchange membrane, solid oxide electrolyzer, anion exchange membrane), application (energy, mobility, industrial, grid injection), component (stack, balance of plant), and region (North America, Europe, Asia Pacific, Rest of the World). The report's scope encompasses detailed information regarding the major factors, including drivers, restraints, challenges, and opportunities, which influence the growth of the electrolyzers market. A thorough analysis of the key industry players has provided insights into their business overview, solutions, and services, as well as key strategies such as contracts, partnerships, agreements, expansions, joint ventures, collaborations, and acquisitions. It also highlights recent developments associated with the electrolyzers market. This report provides a competitive analysis of emerging startups in the electrolyzers market ecosystem.

Key Benefits of Buying the Report

• The report includes the analysis of key drivers (Rapid Expansion of Electrolyzers Manufacturing Capacity Creating Structural Market Momentum, Accelerating Industrial Transformation Through Industry 4.0 and Green Hydrogen ), restraints (limited availability and concentration of critical materials, Electrolyzer manufacturers face severe financial strain as weak demand forces layoffs, closures, and restructuring globally), opportunities (expanding integration of renewable energy and electrolysis for decarbonization and energy balancing, government-led initiatives to boost green hydrogen development), and challenges (High electrolyzer costs and slow deployment are delaying hydrogen scale-up and limiting equipment reduction cost potential, supply-chain constraints coupled with slow fuel-cell electric vehicle (FCEV) adoption)
• Product Development/Innovation: Market participants in the electrolyzers industry are driving innovation across the value chain to enhance hydrogen production efficiency, operational reliability, and integration with renewable energy systems. Developments include modular and compact electrolyzer designs, higher stack efficiencies, and improved durability to support large-scale industrial and utility applications. In addition, manufacturers are incorporating advanced materials, next-generation membranes, and digital monitoring technologies to enhance safety, extend system lifespan, and enable predictive maintenance. Smart electrolyzer solutions are increasingly being paired with energy management systems, hydrogen hubs, and renewable power assets to optimize performance, reduce operating costs, and ensure stable hydrogen output.
• Market Development: In 2025 and 2024, John Cockerill and thyssenkrupp nucera expanded their electrolyzer capabilities with large-scale, sustainability-focused advancements in Europe. John Cockerill increased its hydrogen production capacity through a USD 134.5 million capital infusion to accelerate deployment of its next-generation pressurized alkaline electrolyzers. These systems deliver higher efficiency, improved durability, and scalable architectures for industrial hydrogen projects. thyssenkrupp nucera, meanwhile, opened its new 11,400 m2 Dortmund headquarters equipped with geothermal heating, rooftop photovoltaics, and EV/e-bike charging, supporting sustainable operations and enhanced manufacturing coordination for global electrolyzer deployments.
• Market Diversification: The report offers a comprehensive analysis of the strategies employed by electrolyzer providers to facilitate market diversification. It outlines innovative products and operating models, as well as new partnership frameworks across various regions, underpinned by technology-driven business lines. The findings emphasize opportunities for expansion beyond traditional operations, identifying geographical areas and customer segments that are currently served but remain underserved and are suitable for strategic entry.
• Competitive Assessment: The report provides an in-depth assessment of market shares, growth strategies, and service offerings of leading players such as thyssenkrupp nucera (Germany), Siemens Energy (Germany), John Cockerill, Nel (Norway), Cummins Inc. (US), among others, in the electrolyzers market.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 LIMITATIONS
• 1.7 STAKEHOLDERS
• 1.8 SUMMARY OF CHANGES

2 EXECUTIVE SUMMARY

• 2.1 KEY INSIGHTS AND MARKET HIGHLIGHTS
• 2.2 KEY MARKET PARTICIPANTS: MAPPING OF STRATEGIC DEVELOPMENTS
• 2.3 DISRUPTIVE TRENDS IN ELECTROLYZERS MARKET
• 2.4 HIGH-GROWTH SEGMENTS
• 2.5 REGIONAL SNAPSHOT: MARKET SIZE, GROWTH RATE, AND FORECAST

3 PREMIUM INSIGHTS

• 3.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ELECTROLYZERS MARKET
• 3.2 ELECTROLYZERS MARKET, BY REGION
• 3.3 ELECTROLYZERS MARKET, BY TECHNOLOGY
• 3.4 ELECTROLYZERS MARKET, BY COMPONENT
• 3.5 ELECTROLYZERS MARKET, BY POWER RATING
• 3.6 ELECTROLYZERS MARKET, BY APPLICATION
• 3.7 ELECTROLYZERS MARKET IN ASIA PACIFIC, BY POWER RATING AND COUNTRY

4 MARKET OVERVIEW

• 4.1 INTRODUCTION
• 4.2 MARKET DYNAMICS
  • 4.2.1 DRIVERS
    • 4.2.1.1 Accelerating industrial-level electrolyzer commercialization
    • 4.2.1.2 Deployment of Industry 4.0 technologies
  • 4.2.2 RESTRAINTS
    • 4.2.2.1 Limited availability and concentration of critical materials
    • 4.2.2.2 Project delays and slow FID conversions delaying manufacturing expansions
  • 4.2.3 OPPORTUNITIES
    • 4.2.3.1 Growing integration of renewable energy
    • 4.2.3.2 Government-led initiatives to boost green hydrogen development
  • 4.2.4 CHALLENGES
    • 4.2.4.1 High capital cost of electrolyzer installation
    • 4.2.4.2 Supply-chain constraints
• 4.3 INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
• 4.4 STRATEGIC MOVES BY TIER 1/2/3 PLAYERS

5 INDUSTRY TRENDS

• 5.1 PORTER'S FIVE FORCES ANALYSIS
  • 5.1.1 THREAT OF SUBSTITUTES
  • 5.1.2 BARGAINING POWER OF SUPPLIERS
  • 5.1.3 BARGAINING POWER OF BUYERS
  • 5.1.4 THREAT OF NEW ENTRANTS
  • 5.1.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.2 MACROECONOMIC OUTLOOK FOR ELECTROLYZERS MARKET
  • 5.2.1 ENERGY TRANSITION AND POLICY SHIFTS
  • 5.2.2 GLOBAL INDUSTRIAL DECARBONIZATION TRENDS
• 5.3 VALUE CHAIN ANALYSIS
• 5.4 ECOSYSTEM ANALYSIS
• 5.5 TRADE ANALYSIS
  • 5.5.1 EXPORT SCENARIO HS CODE 280410
  • 5.5.2 IMPORT SCENARIO HS CODE 280410
• 5.6 CASE STUDY ANALYSIS
  • 5.6.1 SHELL AND MAMMOET OPTIMIZE HEAVY-LIFT AND MODULAR TRANSPORT EXECUTION TO ACCELERATE 200 MW ELECTROLYZER DEPLOYMENT
  • 5.6.2 AIR LIQUIDE AND CUMMINS DELIVER RELIABLE 20 MW PEM DEPLOYMENT TO ENSURE HIGH-PURITY HYDROGEN PRODUCTION IN EXTREME CLIMATES
  • 5.6.3 NREL PROVIDES DATA-DRIVEN COST INSIGHTS TO HELP STAKEHOLDERS BENCHMARK PEM ELECTROLYSIS PERFORMANCE AND GUIDE INVESTMENT DECISIONS
• 5.7 KEY CONFERENCES AND EVENTS, 2025-2026
• 5.8 PRICING ANALYSIS
  • 5.8.1 PRICING RANGE OF ELECTROLYZERS, BY TECHNOLOGY, 2024
  • 5.8.2 AVERAGE SELLING PRICE TREND OF ELECTROLYZERS, BY REGION, 2020-2024 (USD/KW)
• 5.9 MANUFACTURING COST ANALYSIS OF PEM ELECTROLYZERS, 2024
• 5.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.11 INVESTMENT AND FUNDING SCENARIO
• 5.12 IMPACT OF 2025 US TARIFF ON ELECTROLYZERS MARKET
  • 5.12.1 INTRODUCTION
  • 5.12.2 KEY TARIFF RATES
  • 5.12.3 PRICE IMPACT ANALYSIS
  • 5.12.4 IMPACT ON COUNTRIES/REGIONS
    • 5.12.4.1 US
    • 5.12.4.2 Europe
    • 5.12.4.3 Asia Pacific
  • 5.12.5 IMPACT ON APPLICATIONS
• 5.13 CHINA VS. GLOBAL COMPETITIVE LANDSCAPE, BY ELECTROLYZER MANUFACTURING CAPACITY, 2024

6 TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, AND INNOVATIONS

• 6.1 KEY EMERGING TECHNOLOGIES
  • 6.1.1 ALKALINE WATER ELECTROLYZERS
  • 6.1.2 PROTON EXCHANGE MEMBRANE ELECTROLYZERS
  • 6.1.3 ANION EXCHANGE MEMBRANE ELECTROLYZERS
  • 6.1.4 SOLID OXIDE ELECTROLYZERS
• 6.2 COMPLEMENTARY TECHNOLOGIES
  • 6.2.1 RENEWABLE ENERGY INTEGRATION
  • 6.2.2 ENERGY STORAGE
  • 6.2.3 HYDROGEN FUEL CELLS
• 6.3 HYDROGEN ISLANDS: NEW FRONTIER FOR CLEAN ENERGY
• 6.4 TECHNOLOGY ROADMAP
• 6.5 PATENT ANALYSIS
• 6.6 IMPACT OF AI/GENERATIVE AI IN ELECTROLYZERS MARKET
  • 6.6.1 AI/GENERATIVE AI APPLICATIONS IN ELECTROLYZERS MARKET
  • 6.6.2 IMPACT OF AI/GENERATIVE AI, BY APPLICATION
  • 6.6.3 IMPACT OF AI/GENERATIVE AI IN ELECTROLYZERS MARKET, BY REGION

7 REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES

• 7.1 REGIONAL REGULATIONS AND COMPLIANCE
  • 7.1.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 7.1.2 INDUSTRY STANDARDS/CERTIFICATIONS/LABELING AND ECO STANDARDS
• 7.2 SUSTAINABILITY INITIATIVES
  • 7.2.1 ADOPTION OF RECYCLABLE, LOW-CARBON MATERIALS AND GREENER STACK MANUFACTURING
  • 7.2.2 SHIFT TOWARD HIGH-EFFICIENCY, ENERGY-OPTIMIZED SYSTEMS ENABLING LONG-TERM ENVIRONMENTAL GAINS
• 7.3 SUSTAINABILITY IMPACT AND REGULATORY POLICY INITIATIVES

8 CUSTOMER LANDSCAPE AND BUYING BEHAVIOR

• 8.1 DECISION-MAKING PROCESS
• 8.2 KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA
  • 8.2.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 8.2.2 BUYING CRITERIA
• 8.3 ADOPTION BARRIERS AND INTERNAL CHALLENGES
• 8.4 BUSINESS MODELS FOR ELECTROLYZER FIRMS IN GREEN HYDROGEN
  • 8.4.1 LICENSING OF ELECTROLYZER STACKS AND SYSTEM INTEGRATION PARTNERSHIPS
  • 8.4.2 HYDROGEN-AS-A-SERVICE MODEL
• 8.5 UNMET NEEDS OF VARIOUS END-USE INDUSTRIES
• 8.6 MARKET PROFITABILITY

9 ELECTROLYZERS MARKET, BY TECHNOLOGY

• 9.1 INTRODUCTION
• 9.2 ALKALINE ELECTROLYZER
  • 9.2.1 DEPLOYMENT OF COMPRESSION-FREE HYDROGEN PRODUCTION CAPABILITIES TO DRIVE MARKET
• 9.3 ANION EXCHANGE MEMBRANE ELECTROLYZER
  • 9.3.1 ABILITY TO UTILIZE NON-PRECIOUS METAL CATALYSTS TO SUPPORT MARKET GROWTH
• 9.4 PROTON EXCHANGE MEMBRANE ELECTROLYZER
  • 9.4.1 LEVERAGING RAPID DYNAMIC RESPONSE FOR RENEWABLE INTEGRATION TO DRIVE MARKET
• 9.5 SOLID OXIDE ELECTROLYZER
  • 9.5.1 ONGOING R&D ACROSS MATERIALS SCIENCE, ADVANCED CERAMICS, AND MANUFACTURING TO OFFER GROWTH OPPORTUNITIES

10 ELECTROLYZERS MARKET, BY COMPONENT

• 10.1 INTRODUCTION
• 10.2 STACK
  • 10.2.1 ADVANCING STACK MATERIAL INNOVATIONS TO DRIVE MARKET
  • 10.2.2 INTERCONNECT
  • 10.2.3 CELL FRAME
  • 10.2.4 END PLATES
  • 10.2.5 OTHERS
• 10.3 BALANCE OF PLANT
  • 10.3.1 EMPHASIS ON IMPROVING CONTAMINATION AND THERMAL-STRESS PROTECTION IN BOP TO FOSTER MARKET GROWTH

11 ELECTROLYZERS MARKET, BY POWER RATING

• 11.1 INTRODUCTION
• 11.2 <500 KW
  • 11.2.1 EXPANDING PILOT-SCALE AND DEMONSTRATION DEPLOYMENTS TO FUEL MARKET GROWTH
• 11.3 500-2,000 KW
  • 11.3.1 ADVANCING FUEL-CELL VEHICLE INFRASTRUCTURE DEVELOPMENT TO FOSTER MARKET GROWTH
• 11.4 ABOVE 2,000 KW
  • 11.4.1 SCALING INDUSTRIAL-GRADE ELECTROLYZER DEPLOYMENTS TO SUPPORT MARKET GROWTH

12 ELECTROLYZERS MARKET, BY APPLICATION

• 12.1 INTRODUCTION
• 12.2 ENERGY
  • 12.2.1 POWER GENERATION
    • 12.2.1.1 Improved grid flexibility and stability to drive market
  • 12.2.2 CHP
    • 12.2.2.1 Enhanced on-site energy security with hydrogen-fueled CHP to fuel market growth
• 12.3 MOBILITY
  • 12.3.1 EXPANDING HYDROGEN ADOPTION IN HEAVY-DUTY TRANSPORT TO FUEL MARKET GROWTH
• 12.4 INDUSTRIAL
  • 12.4.1 CHEMICALS
    • 12.4.1.1 Scaling green hydrogen adoption in chemical production to fuel market growth
  • 12.4.2 OTHER INDUSTRIES
• 12.5 GRID INJECTION
  • 12.5.1 ADVANCING PIPELINE REPURPOSING AND HYDROGEN INFRASTRUCTURE PROJECTS TO SUPPORT MARKET GROWTH

13 ELECTROLYZERS MARKET, BY REGION

• 13.1 INTRODUCTION
• 13.2 ASIA PACIFIC
  • 13.2.1 CHINA
    • 13.2.1.1 Rapid scale-up of green hydrogen production to fuel market growth
  • 13.2.2 JAPAN
    • 13.2.2.1 Growing industrial and mobility hydrogen applications to drive market
  • 13.2.3 AUSTRALIA
    • 13.2.3.1 Increasing demand for green hydrogen in transport, ammonia, and energy sectors to support market growth
  • 13.2.4 INDIA
    • 13.2.4.1 Rising demand for clean-fuel infrastructure to boost demand
  • 13.2.5 REST OF ASIA PACIFIC
• 13.3 EUROPE
  • 13.3.1 GERMANY
    • 13.3.1.1 Emphasis on industrial decarbonization and strategic clean hydrogen infrastructure investments to strengthen market
  • 13.3.2 UK
    • 13.3.2.1 Government-backed funding and industrial decarbonization initiatives to foster market growth
  • 13.3.3 FRANCE
    • 13.3.3.1 Growing emphasis on decarbonization to drive market
  • 13.3.4 DENMARK
    • 13.3.4.1 Favorable policy framework to drive market
  • 13.3.5 AUSTRIA
    • 13.3.5.1 Increasing green hydrogen investments to offer growth opportunities
  • 13.3.6 NETHERLANDS
    • 13.3.6.1 Increasing investments in large-scale electrolyzer projects to support market growth
  • 13.3.7 NORWAY
    • 13.3.7.1 Growing demand for decarbonized energy in heavy industry, shipping, and export markets to fuel market growth
  • 13.3.8 REST OF EUROPE
• 13.4 NORTH AMERICA
  • 13.4.1 US
    • 13.4.1.1 Corporate demand for low-carbon fuels to drive market
  • 13.4.2 CANADA
    • 13.4.2.1 Abundance of renewable resources to fuel market growth
• 13.5 ROW
  • 13.5.1 EGYPT
    • 13.5.1.1 Emphasis on strengthening clean-energy production capacity to boost demand
  • 13.5.2 GCC
    • 13.5.2.1 Saudi Arabia
      • 13.5.2.1.1 Focus on advancing carbon-capture hubs for cleaner energy pathways to drive market
      • 13.5.2.1.2 Rest of GCC
  • 13.5.3 OTHER COUNTRIES

14 COMPETITIVE LANDSCAPE

• 14.1 OVERVIEW
• 14.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021-2025
• 14.3 MARKET SHARE ANALYSIS, 2024
• 14.4 REVENUE ANALYSIS, 2020-2024
• 14.5 COMPANY VALUATION AND FINANCIAL METRICS
• 14.6 PRODUCT COMPARISON
• 14.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
  • 14.7.1 STARS
  • 14.7.2 EMERGING LEADERS
  • 14.7.3 PERVASIVE PLAYERS
  • 14.7.4 PARTICIPANTS
  • 14.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024
    • 14.7.5.1 Company footprint
    • 14.7.5.2 Region footprint
    • 14.7.5.3 Technology footprint
    • 14.7.5.4 Application footprint
    • 14.7.5.5 Power rating footprint
• 14.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
  • 14.8.1 PROGRESSIVE COMPANIES
  • 14.8.2 RESPONSIVE COMPANIES
  • 14.8.3 DYNAMIC COMPANIES
  • 14.8.4 STARTING BLOCKS
  • 14.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    • 14.8.5.1 Detailed list of key startups/SMEs
    • 14.8.5.2 Competitive benchmarking of key startups/SMEs
• 14.9 COMPETITIVE SCENARIO
  • 14.9.1 PRODUCT LAUNCHES
  • 14.9.2 DEALS
  • 14.9.3 EXPANSIONS
  • 14.9.4 OTHER DEVELOPMENTS

15 COMPANY PROFILES

• 15.1 KEY PLAYERS
  • 15.1.1 THYSSENKRUPP NUCERA
    • 15.1.1.1 Business overview
    • 15.1.1.2 Products/Solutions/Services offered
    • 15.1.1.3 Products specifications
    • 15.1.1.4 Recent developments
      • 15.1.1.4.1 Deals
      • 15.1.1.4.2 Expansions
      • 15.1.1.4.3 Other developments
    • 15.1.1.5 MnM view
      • 15.1.1.5.1 Key strengths/Right to win
      • 15.1.1.5.2 Strategic choices
      • 15.1.1.5.3 Weaknesses/Competitive threats
  • 15.1.2 JOHN COCKERILL
    • 15.1.2.1 Business overview
    • 15.1.2.2 Products/Solutions/Services offered
    • 15.1.2.3 Product specifications
    • 15.1.2.4 Recent developments
      • 15.1.2.4.1 Deals
      • 15.1.2.4.2 Expansions
      • 15.1.2.4.3 Other developments
    • 15.1.2.5 MnM view
      • 15.1.2.5.1 Key strengths/Right to win
      • 15.1.2.5.2 Strategic choices
      • 15.1.2.5.3 Weaknesses/Competitive threats
  • 15.1.3 NEL
    • 15.1.3.1 Business overview
    • 15.1.3.2 Products/Solutions/Services offered
    • 15.1.3.3 Product specifications
    • 15.1.3.4 Recent developments
      • 15.1.3.4.1 Product launches
      • 15.1.3.4.2 Deals
      • 15.1.3.4.3 Expansions
      • 15.1.3.4.4 Other developments
    • 15.1.3.5 MnM view
      • 15.1.3.5.1 Key strengths/Right to win
      • 15.1.3.5.2 Strategic choices
      • 15.1.3.5.3 Weaknesses/Competitive threats
  • 15.1.4 SIEMENS ENERGY
    • 15.1.4.1 Business overview
    • 15.1.4.2 Products/Solutions/Services offered
    • 15.1.4.3 Product specifications
    • 15.1.4.4 Recent developments
      • 15.1.4.4.1 Deals
      • 15.1.4.4.2 Expansions
      • 15.1.4.4.3 Other developments
    • 15.1.4.5 MnM view
      • 15.1.4.5.1 Key strengths/Right to win
      • 15.1.4.5.2 Strategic choices
      • 15.1.4.5.3 Weaknesses/Competitive threats
  • 15.1.5 CUMMINS INC.
    • 15.1.5.1 Business overview
    • 15.1.5.2 Products/Solutions/Services offered
    • 15.1.5.3 Product specifications
    • 15.1.5.4 Recent developments
      • 15.1.5.4.1 Deals
      • 15.1.5.4.2 Expansions
      • 15.1.5.4.3 Other developments
    • 15.1.5.5 MnM view
      • 15.1.5.5.1 Key strengths/Right to win
      • 15.1.5.5.2 Strategic choices
      • 15.1.5.5.3 Weaknesses/Competitive threats
  • 15.1.6 PLUG POWER INC.
    • 15.1.6.1 Business overview
    • 15.1.6.2 Products/Solutions/Services offered
    • 15.1.6.3 Recent developments
      • 15.1.6.3.1 Deals
      • 15.1.6.3.2 Expansions
      • 15.1.6.3.3 Other developments
  • 15.1.7 ENAPTER
    • 15.1.7.1 Business overview
    • 15.1.7.2 Products/Solutions/Services offered
    • 15.1.7.3 Recent developments
      • 15.1.7.3.1 Product launches
      • 15.1.7.3.2 Deals
      • 15.1.7.3.3 Other developments
  • 15.1.8 ITM POWER PLC
    • 15.1.8.1 Business overview
    • 15.1.8.2 Products/Solutions/Services offered
    • 15.1.8.3 Recent developments
      • 15.1.8.3.1 Deals
      • 15.1.8.3.2 Expansions
      • 15.1.8.3.3 Other developments
  • 15.1.9 SUNGROW
    • 15.1.9.1 Business overview
    • 15.1.9.2 Products/Solutions/Services offered
    • 15.1.9.3 Recent developments
      • 15.1.9.3.1 Product launches
      • 15.1.9.3.2 Deals
  • 15.1.10 LONGI
    • 15.1.10.1 Business overview
    • 15.1.10.2 Products/Solutions/Services offered
    • 15.1.10.3 Recent developments
      • 15.1.10.3.1 Product launches
      • 15.1.10.3.2 Deals
      • 15.1.10.3.3 Expansions
      • 15.1.10.3.4 Other developments
  • 15.1.11 SUNFIRE SE
    • 15.1.11.1 Business overview
    • 15.1.11.2 Products/Solutions/Services offered
    • 15.1.11.3 Recent developments
      • 15.1.11.3.1 Deals
      • 15.1.11.3.2 Expansions
      • 15.1.11.3.3 Other developments
  • 15.1.12 BLOOM ENERGY
    • 15.1.12.1 Business overview
    • 15.1.12.2 Products/Solutions/Services offered
    • 15.1.12.3 Recent developments
      • 15.1.12.3.1 Deals
      • 15.1.12.3.2 Expansions
      • 15.1.12.3.3 Other developments
  • 15.1.13 ENVISION GROUP
    • 15.1.13.1 Business overview
    • 15.1.13.2 Products/Solutions/Services offered
    • 15.1.13.3 Recent developments
      • 15.1.13.3.1 Deals
      • 15.1.13.3.2 Expansions
      • 15.1.13.3.3 Other developments
  • 15.1.14 ASAHI KASEI CORPORATION
    • 15.1.14.1 Business overview
    • 15.1.14.2 Products/Solutions/Services offered
    • 15.1.14.3 Recent developments
      • 15.1.14.3.1 Deals
      • 15.1.14.3.2 Expansions
      • 15.1.14.3.3 Other developments
  • 15.1.15 NEXT HYDROGEN
    • 15.1.15.1 Business overview
    • 15.1.15.2 Products/Solutions/Services offered
    • 15.1.15.3 Recent developments
      • 15.1.15.3.1 Deals
      • 15.1.15.3.2 Other developments
• 15.2 OTHER PLAYERS
  • 15.2.1 PERIC HYDROGEN TECHNOLOGIES CO., LTD
  • 15.2.2 CIPHER NEUTRON
  • 15.2.3 SHANDONG AUYAN NEW ENERGY TECHNOLOGY CO., LTD.
  • 15.2.4 ERRE DUE S.P.A.
  • 15.2.5 HYDROGENPRO
  • 15.2.6 IGAS ENERGY GMBH
  • 15.2.7 TOPSOE
  • 15.2.8 HYGREEN ENERGY
  • 15.2.9 OHMIUM
  • 15.2.10 QUEST ONE GMBH

16 RESEARCH METHODOLOGY

• 16.1 RESEARCH DATA
• 16.2 SECONDARY AND PRIMARY RESEARCH
  • 16.2.1 SECONDARY DATA
    • 16.2.1.1 List of key secondary sources
    • 16.2.1.2 Key data from secondary sources
  • 16.2.2 PRIMARY DATA
    • 16.2.2.1 List of primary interview participants
    • 16.2.2.2 Key industry insights
    • 16.2.2.3 Breakdown of primaries
    • 16.2.2.4 Key data from primary sources
• 16.3 MARKET SIZE ESTIMATION METHODOLOGY
  • 16.3.1 BOTTOM-UP APPROACH
  • 16.3.2 TOP-DOWN APPROACH
  • 16.3.3 DEMAND-SIDE ANALYSIS
    • 16.3.3.1 Demand-side assumptions
    • 16.3.3.2 Demand-side calculations
  • 16.3.4 SUPPLY-SIDE ANALYSIS
    • 16.3.4.1 Supply-side assumptions
    • 16.3.4.2 Supply-side calculations
• 16.4 FORECAST
• 16.5 MARKET BREAKDOWN AND DATA TRIANGULATION
• 16.6 RESEARCH LIMITATIONS
• 16.7 RISK ANALYSIS

17 APPENDIX

• 17.1 INSIGHTS FROM INDUSTRY EXPERTS
• 17.2 DISCUSSION GUIDE
• 17.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 17.4 CUSTOMIZATION OPTIONS
• 17.5 RELATED REPORTS
• 17.6 AUTHOR DETAILS