Code: MTA4309 | Publication Date: Jun 2025 |
Key trends bolstering demand include declining renewable electricity costs, integration of electrolyzers with solar and wind farms, and innovations in alkaline, PEM, and solid oxide technologies. The market is also being catalyzed by industrial decarbonization efforts in sectors like steel, ammonia, and refining, where hydrogen plays a critical role.
Company Name | Cummins Inc. |
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Headquarters | Columbus, Indiana, USA |
Established Year | 1919 |
Official Website |
Globally diversified power technology company that entered electrolysis by acquiring Hydrogenics. Offers PEM and alkaline electrolyser systems like the HyLYZER, and is expanding gigawatt-scale facilities.
Company Name | ITM Power plc |
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Headquarters | Sheffield, England |
Established Year | 2000 |
Official Website |
Designs and manufactures PEM electrolysers; operates one of the world's largest electrolyser factories. Known for multi-megawatt NEPTUNE systems deployed in Europe and Japan.
Company Name | Linde plc |
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Headquarters | Woking, UK (legal in Ireland) |
Established Year | 1879 |
Official Website |
Largest industrial gas company globally, active in large-scale hydrogen infrastructure including electrolysis. A key member of the Hydrogen Council.
Company Name | Thyssenkrupp Nucera |
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Headquarters | Dortmund, Germany |
Established Year | roots in the 1960s |
Official Website |
A world leader in alkaline electrolyser systems, Thyssenkrupp Nucera has over 600 projects and more than 10 GW installed. Known for large-scale green hydrogen plants such as the 1 GW Neom project in Saudi Arabia.
Company Name | Topsoe |
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Headquarters | Kgs. Lyngby, Denmark |
Established Year | 1940 |
Official Website |
Pioneer of Solid Oxide Electrolyser Cell (SOEC) technology, delivering high-temperature electrolysis for industrial green hydrogen applications.
Company Name | Sunfire |
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Headquarters | Dresden, Germany |
Established Year | 2010 |
Official Website |
Develops high-efficiency industrial electrolysers including SOECs, with focus on large-scale renewable hydrogen and syngas production.
Company Name | Nel ASA |
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Headquarters | Oslo, Norway |
Established Year | 1927 |
Official Website |
Specialist in electrolyser technology with roots in alkaline electrolysis. It has global installations and operates through entities like Proton On Site and H2 Logic.
Company Name | Enapter |
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Headquarters | Berlin, Germany |
Established Year | 2017 |
Official Website |
Manufacturer of modular Anion Exchange Membrane (AEM) electrolyzers designed for scalable, on-site hydrogen production without noble metals.
Company Name | Siemens Energy |
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Headquarters | Munich, Germany |
Established Year | 2020 (spinout from Siemens) |
Official Website |
One of Europe's largest PEM electrolyser producers, targeting 3 GW annual capacity. Offers the Silyzer series tailored for industrial green hydrogen projects.
Company Name | Hysata |
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Headquarters | Wollongong, Australia |
Established Year | 2021 |
Official Website |
Innovator in electrolyser technology, aiming to cut green hydrogen costs significantly. Developing advanced electrolyser stacks to reach cost-competitive rates.