企业竞争图谱：2024年氢能设备 头豹词条报告系列

Investment Rating - The hydrogen equipment industry is rated with a strong growth outlook, with a projected market size increase from 5.33 billion to 81.85 billion by 2028, reflecting a compound annual growth rate (CAGR) of 97.98% [2][29]. Core Insights - The hydrogen equipment industry is characterized by significant global attention and strategic development, with over 30 countries establishing hydrogen energy strategies or roadmaps [5]. - The industry is experiencing rapid growth, with the market size increasing from 0.774 billion in 2019 to 3.670 billion in 2023, representing a CAGR of 47.55% [29]. - The transition towards renewable energy sources for hydrogen production is essential for achieving carbon neutrality goals, with a focus on electrolysis technology [19][32]. Industry Definition - Hydrogen equipment refers to various technologies and machinery used for the production, storage, and utilization of hydrogen, encompassing the entire industrial chain [4][3]. - The industry can be categorized into four main segments: hydrogen production, storage and transportation, refueling, and hydrogen utilization [4][3]. Industry Characteristics - The hydrogen equipment industry is marked by a strong emphasis on strategic development globally, with advancements in artificial intelligence providing new directions for hydrogen production systems [6][5]. - The domestic production rate of hydrogen equipment varies, with significant reliance on imported core components in certain areas, indicating a need for improvement in domestic technology [7]. Industry Scale - The market size of the hydrogen equipment industry is expected to grow significantly, with projections indicating an increase from 5.33 billion in 2024 to 81.85 billion by 2028, driven by the expansion of hydrogen refueling stations and the integration of hydrogen production and refueling [29][30]. - As of mid-2024, China has established 426 hydrogen refueling stations, with a focus on commercial vehicle applications, reflecting a trend towards larger capacity stations [30]. Upstream Analysis - The upstream segment of the hydrogen equipment industry includes hydrogen production, storage, and refueling stations, with a notable increase in the number of hydrogen refueling stations in China [15][29]. - The production of hydrogen primarily relies on coal gasification, which currently dominates the market, while electrolysis remains a growing segment with potential for cost reduction [18][19]. Midstream Analysis - The midstream segment focuses on fuel cell systems and components, with a significant increase in installed capacity from 128.06 MW in 2019 to 734 MW in 2023, indicating rapid technological advancements [31]. - The cost of air supply subsystems in fuel cell systems is a critical area for optimization, as it constitutes approximately 20% of the total system cost [23]. Downstream Analysis - The downstream applications of hydrogen include transportation, industrial use, and power generation, with government subsidies playing a crucial role in the transition to hydrogen fuel cell vehicles [26]. - The fuel cell technology is particularly advantageous in micro combined heat and power systems, although high installation costs remain a barrier to widespread adoption [27].