TABLE OF CONTENTS 1 INDUSTRY OVERVIEW 1.1 Electrolyzer Industry 1.1.1 Electrolyzer Overview 1.1.2 Terminology Definition in the Report 1.1.2.1 Capacity 1.1.2.2 Sales Volume 1.1.2.3 Sales Revenue 1.1.2.4 Ex-factory Price & Sales Price 1.1.2.5 Cost 1.1.2.6 Gross Margin 1.2 Products & Services Overview Scope 1.3 Electrolyzer in the Industry Chain 1.4 Industry Dynamics & Regulations 1.5 Global Market Overview 2 UPSTREAM & MANUFACTURING 2.1 Raw Materials / Components 2.2 Procurement Methods & Channels 2.3 Cost Structure & Manufacturing 2.4 Industry Capacity Overview 2.5 Production Distribution by Geography 2.5.1 Production in Major Regions / Countries 2.5.2 Trade Flow Overview 3 PRODUCT SEGMENT 3.1 Product Segmentation Market (2017 to 2021E) 3.1.1 alkaline water electrolysers Market 3.1.2 alkaline membrane electrolyser Market 3.1.3 PEM electrolyser Market 3.2 Market Status 4 APPLICATION / END-USE SEGMENT 4.1 Application Segmentation Market (2016 to 2021E) 4.1.1 Power to gas Market 4.1.2 Hydrogen fueling stations Market 4.1.3 Industrial application Market 4.1.4 Education & Lab Market 4.1.5 Back up power Market 4.2 Market Status 5 NORTH AMERICA 5.1 North America Market Growth 5.2 North America Market by Countries 5.3 Major Countries Market Growth 5.3.1 United States Market Size and Growth (2016-2021E) 5.3.2 Canada Market Size and Growth (2016-2021E) 5.3.3 Mexico Market Size and Growth (2016-2021E) 6 EUROPE 6.1 Europe Market Growth 6.2 Europe Market by Countries 6.3 Major Countries Market Growth 6.3.1 Germany Market Size and Growth (2016-2021E) 6.3.2 UK Market Size and Growth (2016-2021E) 6.3.3 France Market Size and Growth (2016-2021E) 6.3.4 Russia Market Size and Growth (2016-2021E) 6.3.5 Italy Market Size and Growth (2016-2021E) 6.3.6 Rest of Europe Market Size and Growth (2016-2021E) 7 ASIA-PACIFIC 7.1 ASIA-PACIFIC Market Growth 7.2 ASIA-PACIFIC Market by Countries 7.3 Major Countries Market Growth 7.3.1 China Market Size and Growth (2016-2021E) 7.3.2 India Market Size and Growth (2016-2021E) 7.3.3 Japan Market Size and Growth (2016-2021E) 7.3.4 South Korea Market Size and Growth (2016-2021E) 7.3.5 Southeast Asia Market Size and Growth (2016-2021E) 7.3.6 Australia Market Size and Growth (2016-2021E) 7.3.7 Rest of Asia Pacific Market Size and Growth (2016-2021E) 8 SOUTH AMERICA 8.1 South America Market Growth 8.2 South America Market by Countries 8.3 Major Countries Market Growth 8.3.1 Brazil Market Size and Growth (2016-2021E) 8.3.2 Argentina Market Size and Growth (2016-2021E) 8.3.3 Rest of South America Market Size and Growth (2016-2021E) 9 MIDDLE EAST & AFRICA 9.1 Middle East and Africa Market Growth 9.2 Middle East and Africa Market by Countries 9.3 Major Countries Market Growth 9.3.1 GCC Market Size and Growth (2016-2021E) 9.3.2 North Africa Market Size and Growth (2016-2021E) 9.3.3 South Africa Market Size and Growth (2016-2021E) 9.3.4 Rest of Middle East & Africa Market Size and Growth (2016-2021E) 10 MARKET FORECAST 10.1 Global Market Forecast Overview 10.2 Global Market Forecast by Type 10.3 Global Market Forecast by Application / End-Use 10.4 Global Market Forecast by Region 11 COMPETITION OF MAJOR PLAYERS 11.1 McPhy Energy S.A. (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.1.1 McPhy Energy S.A. Profile 11.1.2 McPhy Energy S.A. Products & Services Overview 11.1.3 McPhy Energy S.A. Main Business 11.1.4 McPhy Energy S.A. Business Operation 11.2 NEL (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.2.1 NEL Profile 11.2.2 NEL Products & Services 11.2.3 NEL Main Business 11.2.4 NEL Business Operation 11.3 Acta (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.3.1 Acta Profile 11.3.2 Acta Products & Services 11.3.3 Acta Main Business 11.3.4 Acta Business Operation 11.4 ITM Power (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.4.1 ITM Power Profile 11.4.2 ITM Power Products & Services 11.4.3 ITM Power Main Business 11.4.4 ITM Power Business Operation 11.5 SwissHydrogen SA (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.5.1 SwissHydrogen SA Profile 11.5.2 SwissHydrogen SA Products & Services 11.5.3 SwissHydrogen SA Main Business 11.5.4 SwissHydrogen SA Business Operation 11.6 Siemens (Company Profile, Products Overview, Sales Data, Latest Developments etc.) 11.6.1 Siemens Profile 11.6.2 Siemens Products & Services 11.6.3 Siemens Main Business 11.6.4 Siemens Business Operation 12 COMPANY COMPETITION 12.1 Global Sales by Company 12.1.1 Global Sales by Company 12.1.2 Global Sales Share by Company 12.2 Price & Gross Margin 12.3 Landscape of Major Companies in the Market 12.3.1 Major Companies Product Type List 12.3.1 Manufacturing Regions and Headquarters of Major Companies 12.3.1 Mergers & Acquisitions 12.4 Competitive Environment for New Entrants 12.4.1 Michael Porter's Five Forces Model 12.4.2 SWOT 13 ENVIRONMENT OVERVIEW 13.1 Impact of COVID-19 13.2 Geopolitics Overview 13.3 Economic Overview of Major Countries 14 RESEARCH CONCLUSION

LIST OF TABLE TABLE ~ Electrolyzer Industry Dynamics & Regulations List TABLE ~ Global Electrolyzer Sales Volume, Revenue, Price, Cost and Margin, 2016-2021E TABLE ~ alkaline water electrolysers Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ alkaline water electrolysers Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ alkaline membrane electrolyser Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ alkaline membrane electrolyser Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ PEM electrolyser Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ PEM electrolyser Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Global Electrolyzer Market Size by Type, 2016-2021E, in USD Million TABLE ~ Global Electrolyzer Market Size by Type, 2016-2021E, in Volume TABLE ~ Power to gas Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Power to gas Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Hydrogen fueling stations Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Hydrogen fueling stations Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Industrial application Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Industrial application Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Education & Lab Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Education & Lab Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Back up power Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Back up power Market Size (Volume) 2016-2021E and Year-over-year (YOY) Growth (%) 2017-2021E TABLE ~ Global Electrolyzer Market Size by Type, 2016-2021E, in USD Million TABLE ~ Global Electrolyzer Market Size by Type, 2016-2021E, in Volume TABLE ~ North America Electrolyzer Sales by Countries 2016-2021E, in USD Million TABLE ~ North America Electrolyzer Sales Share by Countries 2016-2021E, in USD Million TABLE ~ North America Electrolyzer Sales by Countries 2016-2021E, in Volume TABLE ~ North America Electrolyzer Sales Share by Countries 2016-2021E, in Volume TABLE ~ United States Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Canada Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Mexico Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Europe Electrolyzer Sales by Countries 2016-2021E, in USD Million TABLE ~ Europe Electrolyzer Sales Share by Countries 2016-2021E, in USD Million TABLE ~ Europe Electrolyzer Sales by Countries 2016-2021E, in Volume TABLE ~ Europe Electrolyzer Sales Share by Countries 2016-2021E, in Volume TABLE ~ Germany Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ UK Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ France Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Russia Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Italy Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Rest of Europe Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ ASIA-PACIFIC Electrolyzer Sales by Countries 2016-2021E, in USD Million TABLE ~ ASIA-PACIFIC Electrolyzer Sales Share by Countries 2016-2021E, in USD Million TABLE ~ ASIA-PACIFIC Electrolyzer Sales by Countries 2016-2021E, in Volume TABLE ~ ASIA-PACIFIC Electrolyzer Sales Share by Countries 2016-2021E, in Volume TABLE ~ China Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ India Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Japan Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ South Korea Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Southeast Asia Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Australia Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Rest of Asia Pacific Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ South America Electrolyzer Sales by Countries 2016-2021E, in USD Million TABLE ~ South America Electrolyzer Sales Share by Countries 2016-2021E, in USD Million TABLE ~ South America Electrolyzer Sales by Countries 2016-2021E, in Volume TABLE ~ South America Electrolyzer Sales Share by Countries 2016-2021E, in Volume TABLE ~ Brazil Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Argentina Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Rest of South America Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Middle East and Africa Electrolyzer Sales by Countries 2016-2021E, in USD Million TABLE ~ Middle East and Africa Electrolyzer Sales Share by Countries 2016-2021E, in USD Million TABLE ~ Middle East and Africa Electrolyzer Sales by Countries 2016-2021E, in Volume TABLE ~ Middle East and Africa Electrolyzer Sales Share by Countries 2016-2021E, in Volume TABLE ~ GCC Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ North Africa Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ South Africa Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Rest of Middle East & Africa Market Size (USD Million & Volume), Pric (USD/Volume) 2016-2021E TABLE ~ Global Electrolyzer Sales Forecast by Type 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Share Forecast by Type 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Forecast by Type 2022F-2026F, in Volume TABLE ~ Global Electrolyzer Sales Share Forecast by Type 2022F-2026F, in Volume TABLE ~ Global Electrolyzer Sales Forecast by Application / End-Use 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Share Forecast by Application / End-Use 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Forecast by Application / End-Use 2022F-2026F, in Volume TABLE ~ Global Electrolyzer Sales Share Forecast by Application / End-Use 2022F-2026F, in Volume TABLE ~ Global Electrolyzer Sales Forecast by Region 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Share Forecast by Region 2022F-2026F, in USD Million TABLE ~ Global Electrolyzer Sales Forecast by Region 2022F-2026F, in Volume TABLE ~ Global Electrolyzer Sales Share Forecast by Region 2022F-2026F, in Volume TABLE ~ McPhy Energy S.A. Overview List TABLE ~ Products & Services List of McPhy Energy S.A. TABLE ~ Business Operation of McPhy Energy S.A. (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ NEL Overview List TABLE ~ Products & Services List of NEL TABLE ~ Business Operation of NEL (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ Acta Overview List TABLE ~ Products & Services List of Acta TABLE ~ Business Operation of Acta (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ ITM Power Overview List TABLE ~ Products & Services List of ITM Power TABLE ~ Business Operation of ITM Power (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ SwissHydrogen SA Overview List TABLE ~ Products & Services List of SwissHydrogen SA TABLE ~ Business Operation of SwissHydrogen SA (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ Siemens Overview List TABLE ~ Products & Services List of Siemens TABLE ~ Business Operation of Siemens (Sales Revenue, Sales Volume, Price, Cost, Gross Margin) TABLE ~ Global Electrolyzer Sales by Company 2016-2021E, in USD Million TABLE ~ Global Electrolyzer Sales by Company 2016-2021E, in Volume TABLE ~ Global Electrolyzer Sales Share by Company 2016-2021E, in USD Million TABLE ~ Global Electrolyzer Sales Share by Company 2016-2021E, in Volume TABLE ~ Global Electrolyzer Sales Price by Company 2016-2021E, in USD/Volume TABLE ~ Global Electrolyzer Gross Margin by Company 2016-2021E TABLE ~ Major Companies Product Type List TABLE ~ Major Companies Product Type List TABLE ~ Mergers & Acquisitions in the Market