思略特Strategy2025全球电解槽市场争夺战研究报告产能过剩与行业内卷英文版14页

Overcapacity and intense competition: Battle on the global electrolyzer marketFebruary 2025Strategy&European electrolyzer manufacturers are under high cost pressure and must act Electrolyzer market overviewFebruary 2025Strategy&The electrolyzer OEM market is facing significant overcapacityas the hydrogen market is only slowly gaining momentumWestern manufacturers are under increasing pressure from Chinese competitionwith significantly lower pricesElectrolyzer stocks have therefore lost significant value – EUR 2 billion of destroyed shareholder value in the last yearElectrolyzer OEMs need to act now to position for market success in the light of these unfavorable conditionsOEMs are faced with the complexity of different competing technologies, with no clear winner being foreseeable2Strategy&February 2025Clean hydrogen is clearly needed for the energy transition and has been expected to grow fast and strongly, but project realization is largely laggingHard-to-abate sectors st