Despite the dominance of China in hydrogen project installations, only two Chinese original equipment manufacturers (OEMs) feature in the top ten list of hydrogen electrolyser makers, as compiled by India-based consultancy VNZ Insights. The ranking, which takes into account both deliveries and order book size, sees a German manufacturer securing the top position.
Challenges Facing Electrolyser Manufacturers
Electrolyser manufacturers have encountered several challenges over the past year. Rising inflation has increased production costs, while the slow release of subsidies in Europe and the US has led to a shortage of orders. These headwinds have impacted the industry’s growth and operational dynamics.
China’s Role in Green Hydrogen Projects
China is a global leader in the installed capacity for green hydrogen projects. However, this leadership is not fully reflected in the list of top electrolyser manufacturers. Despite the country’s substantial presence in project installations, only two Chinese firms have made it to the top ten, highlighting the competitive landscape of the industry.
Top Hydrogen Electrolyser Manufacturers
Thyssenkrupp (Germany) – Holding the top position, Thyssenkrupp has set itself apart with its significant delivery volumes and robust order book.
Conclusion
The global electrolyser manufacturing industry is facing a complex set of challenges, yet it continues to evolve, with significant contributions from both Western and Chinese companies. As the green hydrogen sector grows, the competitive dynamics and market shares of these manufacturers are likely to shift, driven by technological advancements and policy support.
For further insights and a detailed analysis, the VNZ Insights report offers comprehensive coverage of the current state of the hydrogen electrolyser market.
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