Table of Contents

1 Executive Summary 12
2 Introduction 14
2.1 Definition 14
2.2 Scope of the Study 14
2.3 Assumptions 14
2.4 Market Structure 15
3 Research Methodology 16
3.1 Research Process 16
3.2 Primary Research 16
3.3 Secondary Research 17
3.4 Market Size Estimation 17
3.5 Forecast Model 19
4 Market Dynamics 20
4.1 Drivers 21
4.1.1 Increase in use of Water Electrolysis in End-Use Industry 21
4.1.2 Growing Demand of Carbon Free Source of Energy 21
4.1.3 The High Effective Way of Integrating Renewables Through Power to Gas Facility 21
4.2 Restraints 22
4.2.1 Substitute of Water Electrolysis 22
4.2.2 Increase Cost of Water Electrolyser 22
4.3 Opportunity 22
5 Market Factor Analysis 23
5.1 Porter's Five Forces Analysis 23
5.1.1 Threat of New Entrants 23
5.1.2 Bargaining Power of Suppliers 24
5.1.3 Bargaining Power of Buyers 24
5.1.4 Threat of Substitutes 24
5.1.5 Rivalry 24
5.2 Value Chain Analysis 25
6 Global Water Electrolysis Market, By Technology 27
6.1 Overview 28
6.2 Proton Exchange Membrane (PEM) 30
6.3 Alkaline Water Electrolysis 34
6.3.1 Solid Oxide Electrolyte (SOE) 38
7 Global Water Electrolysis Market, By End-User 39
7.1 Overview 40
7.2 Chemical Industry 41
7.3 Petroleum Industry 42
7.4 Pharmaceuticals Industry 42
7.5 Power Plants 42
7.6 Electronics & Semiconductors Industry 43
7.7 Other Industries 43
8 Global Water Electrolysis Market, By Region 44
8.1 Introduction 45
8.2 North America 47
8.2.1 U.S. 50
8.2.2 Canada 52
8.2.3 Mexico 54
8.3 Europe 56
8.3.1 Germany 59
8.3.2 UK 61
8.3.3 France 63
8.3.4 Rest of Europe 65
8.4 Asia-Pacific 67
8.4.1 China 70
8.4.2 Japan 72
8.4.3 India 74
8.4.4 Rest of Asia-Pacific 76
8.5 Rest of the World 78
8.5.1 Latin America 81
8.5.2 Middle East & Africa 83
9 Competitive Scenerio 85
9.1 Competitive Scenario 85
9.1.1 Competitive Landscape 85
9.1.2 Market Share Analysis 86
9.1.3 Product Benchmarking 86
10 Company Profiles 87
10.1 Thyssenkrupp AG 87
10.1.1 Company Overview 87
10.1.2 Financial Overview 87
10.1.3 Service Offering 88
10.1.4 Thyssenkrupp AG, Key Developments, 2015 88
10.1.5 Strategy 88
10.2 Linde AG 90
10.2.1 Company Overview 90
10.2.2 Financial Overview 91
10.2.3 Service Offering 91
10.2.4 Linde AG, Key Developments, 2015 91
10.2.5 Strategy 91
10.3 Air Products and Chemicals, Inc. 94
10.3.1 Company Overview 94
10.3.2 Financial Overview 94
10.3.3 Service Offering 95
10.3.4 Strategy 95
10.4 Siemens AG 97
10.4.1 Company Overview 97
10.4.2 Financial Overview 97
10.4.3 Service Offering 98
10.4.4 Siemens AG, Key Developments, 2015 98
10.4.5 Strategy 99
10.5 ProtonOnsite 100
10.5.1 Company Overview 100
10.5.2 Financial Overview 100
10.5.3 Service Offering 100
10.5.4 Strategy 101
10.6 Teledyne Energy Systems Inc. 102
10.6.1 Company Overview 102
10.6.2 Financial Overview 102
10.6.3 Service Offering 102
10.6.4 Strategy 102
10.7 AREVA H2Gen. 103
10.7.1 Company Overview 103
10.7.2 Financial Overview 103
10.7.3 Service Offering 103
10.7.4 AREVA H2Gen, Key Developments, 2015 104
10.7.5 Strategy 104
10.8 Hydrogenics Corporation 105
10.8.1 Company Overview 105
10.8.2 Financial Overview 106
10.8.3 Service Offering 107
10.8.4 Hydrogenics Corporation, Key Developments, 2015 107
10.8.5 Strategy 107
10.9 Erre Due s.p.a. 110
10.9.1 Company Overview 110
10.9.2 Financial Overview 110
10.9.3 Service Offering 110
10.9.4 Strategy 110
10.10 Peak Scientific. 111
10.10.1 Company Overview 111
10.10.2 Financial Overview 111
10.10.3 Service Offering 111