The green hydrogen industry is experiencing explosive growth, and the electrolytic water hydrogen production equipment is facing significant development opportunities. The speed of product technology iteration is accelerating, and competition between new and old forces is becoming increasingly fierce. The market pattern is subject to significant changes. The rapid expansion of the market scale for core components and production testing equipment in electrolytic water hydrogen production has prompted industrial chain enterprises to accelerate the pace of new product research and development, financing, and capacity construction. Opportunities and challenges coexist.