Leaders demonstrate successful equipment supply, commercial deployment, strong pipeline of projects in advanced development stages, and resilience to challenging market conditions
BOULDER, Colo., Oct. 10, 2024 /PRNewswire/ — A new report from Guidehouse Insights assesses the competitive landscape for electrolyzer vendors.
As before, the current vendor landscape comprises legacy players with decades of experience in electrolyzer or fuel cell manufacturing, industrial players with established businesses in other energy technology verticals, and dedicated startups with novel technology offerings and business models. According to Guidehouse Insights, John Cockerill, thyssenkrupp nucera, and Nel Hydrogen are now the current leading electrolyzer vendors in the market.
“The electrolyzer industry has seen significant investment and expansion over the past several years in response to policy support, interest from hard-to-abate sectors, and increasing competition among manufacturers,” says Serkan Birgel, research analyst with Guidehouse Insights. “Electrolyzers are the key technology required to produce green hydrogen using renewable electricity. Although green hydrogen currently accounts for only a small fraction of global hydrogen production, a substantial pipeline of green hydrogen projects has taken shape, mostly at early development stages.”
The scope of services offered by these companies varies substantially, from dedicated stack suppliers to end-to-end players with advanced integration and engineering, procurement, and construction capabilities.
Experience from scaling up other clean energy technologies indicates that not all of these companies are likely to be successful. Over the coming decade, some vendors will see their market share grow, assisted by successfully delivered projects and reductions in equipment costs. Others may find it more difficult to compete. Potential pitfalls include failure to scale in line with market demand, issues with technology performance or reliability, lack of effective capital discipline, and misalignment between service offerings and customer requirements, according to the report.
The report, Guidehouse Insights Leaderboard: Electrolyzer Vendors, assesses 16 of the most prominent European and North American electrolyzer vendors across eight broad metrics linked to company strategy and execution. Its purpose is to clarify the current competitive position of the players vying to supply electrolyzer equipment to the emerging green hydrogen production industry. This report leverages primary research conducted with stakeholders, combined with Guidehouse Insights’ Hydrogen Electrolyzer Tracker; a database of global hydrogen electrolyzer projects, manufacturing capacities, and other relevant metrics. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Guidehouse is purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries. Disrupting legacy consulting delivery models with its agility, capabilities, and scale, the firm delivers technology-enabled and focused solutions that position clients for innovation, resilience, and growth. With high-quality standards and a relentless pursuit of client success, Guidehouse’s more than 17,000 employees collaborate with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future. guidehouse.com
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Electrolyzer Vendors, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights
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