FLAGSHIP REPORT

2026 Global Electrolyser Leaderboard: Deliveries, Orderbook, and Manufacturing Report

60+ pager report providing an in-depth status check on electrolyser market- by OEM landscape, VNZ Leaderboard, installations and orderbook by technology, geography, project size, and offtake and the expectations for 2026-28

Price USD 4,990

VNZ 2026 Global Electrolyser Leaderboard: Deliveries, Orderbook, and Manufacturing Report provides an in-depth overview of electrolyser delivered capacity by 2025 and expectations for 2026-28:

Global & Regional Electrolyser installation trends until 2025

By cumulative/annual capacity
By electrolyser technology: ALK, PEM, SOEC, AEM, Others
By Electrolyser OEMs
By Asset Owners
By Region
By Project size: 200MW+, 50-200MW, 5-50MW, 1-5MW, sub-MW

Global & Regional Electrolyser orderbook trends for 2026-28

By contract type: firm orderbook, non-firm orderbook, non-firm pipeline
By Electrolyser OEMs
By Asset Owner and plants
By ELY technology: ALK, PEM, SOEC, AEM, Others
By Region
By Project size
By Electrolyser Stack size

300+ Electrolyser OEM Landscape, Leaderboard & trends towards 2030

Electrolyser landscape assessment of 300+ OEMs
Technology type
Technology maturity
Geography
Business Model
VNZ Leaderboard identifying Leaders and Challengers
Landscape trends based on
Win-loss trends
Technology preferences
Chinese, other regional OEMs

Electrolyser Manufacturing and Supply Insights: 100GW+ manufacturing capacity assessment by

Operational, under-construction & announced facilities
Players: Leaders, Challengers, Emerging Challengers, Others
Technology: AWE, PEM, SOEC, AEM, Others
Geography: Europe, Americas, China, Rest of the World

Electrolyser Demand-Supply trends towards 2030

Global electrolyser demand towards 2030 – annual and cumulative
Global demand-supply availability assessment including:
Demand-supply scenarios
OEM’s capacity assessment covering facility utilization & capacity reservations

Key Takeaways

Market Growth: Global electrolyser deliveries exceeded 10 GW by the end of 2025, with ~4.3 GW delivered in 2025 alone

China's Dominance: China continues to drive the electrolyser market with nearly half of the global electrolyser delivered in China at end of 2025 and with more than 2/3rd of global firm electrolyser orders in 2025 announced in China

Order Surge: 2025 saw 4.0 GW in firm orders, bringing the total orderbook at the end of Q1 2026 to 6.6 GW

Market Leaders: thyssenkrupp nucera completed ~1.8 GW electrolyser deliveries (partial) in 2025 while Sungrow Hydrogen led the firm order award with ~0.5 GW order in 2025.

Many more insights by player, technology, project size, geography can be found in the report.

Key Questions Addressed

What are the Global & Regional Electrolyser installation & orderbook trends in 2025?

By cumulative/annual capacity
By electrolyser technology: ALK, PEM, SOEC, AEM, Others
By Electrolyser OEMs
By Asset Owners
By Region
By Project size: 200MW+, 50-200MW, 5-50MW, 1-5MW, sub-MW

Who are the Leaders, Challengers, Emerging Challengers and Innovators in Electrolyser OEM landscape?

How is the landscape of 300+ companies segmented by electrolyser technology, technical maturity, geography, and business model?
Who are the Leaders and Challengers in market based on delivered capacity and orderbook globally and in China?

How the landscape expected to evolve towards 2030?

What are the major trends within the Electrolyser OEM landscape by concentration, geography, business model, etc.?
How is the landscape expected to evolve towards 2030 based on the major trends?

How will Electrolyser supply capacity likely to evolve towards 2030?

What is the electrolyser supply capacity today based on operational and under-construction capacity and how is it segmented by

ELY OEMs: Leaders, Challengers, Emerging Challengers and Innovators
By Electrolyser Technology
By Geography
How does the supply scenario change if we include announced capacities of OEMs by 2030?

How is Demand-Supply scenario for Electrolysers expected to evolve towards 2030?

What is the global demand for electrolyser towards 2030 in different scenarios? How is the demand segmented by geography and by electrolyser technology, by project size and player type?
What are the demand-supply dynamics by electrolyser technology and geography towards 2030?