势银数据 | 三一氢能位居中标榜首，2025电解槽需求冲刺3GW关口

Core Insights - The hydrogen production equipment market in China is experiencing significant growth, with a focus on alkaline (ALK) technology, which accounts for approximately 97% of the orders as of September 2025 [2][6][8]. - The total bidding scale for hydrogen production equipment in China reached approximately 2.9 GW, with a notable year-on-year increase of 257% [6][12]. - SANY Hydrogen Energy has emerged as a leading player in the market, securing a cumulative bidding scale of 229 MW in 2025, representing a significant market concentration [12][14]. Market Overview - As of September 2025, the cumulative bidding scale for hydrogen production equipment in China is approximately 2,986.99 MW, with disclosed winning bids totaling 2,931.99 MW [6][27]. - The public procurement orders for hydrogen production equipment in 2025 are dominated by SANY Hydrogen Energy, followed by Longi Hydrogen Energy and others, with the top five companies accounting for about 76% of the market [12][14]. Technology Trends - The procurement of hydrogen production equipment remains predominantly focused on ALK technology, although there have been significant changes in the bidding processes for AEM and PEM technologies [8][10]. - Recent projects, such as the Ordos project by Sinopec, have introduced stricter bidding requirements, reflecting a trend towards higher standards in the industry [16][18]. Application Scenarios - The demand for hydrogen production equipment is primarily concentrated in integrated hydrogen and ammonia projects, as well as green hydrogen production, with these applications accounting for 59% and 32% of the orders, respectively [10][12]. - The recent postponement of the International Maritime Organization (IMO) vote has led to increased attention on hydrogen and ammonia integration projects in China [10]. Key Projects and Bidding Results - The Ordos project by Sinopec has garnered significant attention due to its stringent bidding requirements and the involvement of major state-owned enterprises [16][19]. - The China Energy Construction Corporation's centralized procurement project for 2025 is also noteworthy, as it serves as a benchmark for industry pricing and supplier selection [21][24]. Future Outlook - The hydrogen production equipment market is expected to continue its growth trajectory, with increasing procurement demands anticipated in 2025 [6][12]. - The competitive landscape is likely to evolve as companies adapt to stricter bidding requirements and technological advancements in hydrogen production [16][18].