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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AREVA H2Gen, Asahi Kasei Corp., Enapter Srl, Giner Inc., Hitachi Zosen Corp., Hydrogenics Corp., ITM Power Plc, McPhy Energy SA, Nel ASA, and Siemens AG are some of the major market participants. Although the growing adoption of fuel cell-powered vehicles will offer immense growth opportunities, competition from alternate technologies of hydrogen production will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.The growing adoption of fuel cell-powered…