势银数据｜2025年电解水制氢设备需求增幅141%

Core Insights - As of the end of 2025, China is projected to have 903 green hydrogen projects, a year-on-year increase of 27%, with a total production capacity reaching 261,200 tons per year, exceeding national targets [1][3][2] - The demand for hydrogen production equipment in China is primarily driven by large-scale demonstration projects, with a projected demand of 4.03 GW by 2025, reflecting a 141% year-on-year growth [10][2] - The competitive landscape in the hydrogen production equipment industry is intensifying, with a notable increase in market concentration and the emergence of new players [15][16] Group 1: Green Hydrogen Projects - By the end of 2025, there will be 903 green hydrogen projects in China, with a total hydrogen production capacity of over 261,200 tons per year [3][1] - The number of green hydrogen projects is expected to exceed 1,100 by 2026, with a production capacity potentially surpassing 420,000 tons per year [3][2] - The growth in project numbers is supported by large-scale demonstration projects such as those by Jidian Co., China Energy Construction, and Envision [2][7] Group 2: Equipment Demand and Market Dynamics - The demand for hydrogen production equipment is projected to reach 4.03 GW in 2025, driven by the completion of several large-scale projects [10][2] - The top five companies in the hydrogen production equipment market include Sunshine Hydrogen, Huadian Technology, and Longi Hydrogen, with Sunshine Hydrogen leading the market for two consecutive years [13][10] - The market is experiencing a shift with increased participation from state-owned enterprises, which now account for approximately 53% of green hydrogen projects [15][16] Group 3: Technological Advancements - Various technological routes for hydrogen production, including ALK, PEM, and AEM, are being developed concurrently, with ALK maintaining a dominant position [2][9] - The successful implementation of large-scale projects is accelerating the iteration of hydrogen production technologies, establishing a cycle of application-driven technological advancement [9][2] - The PEM hydrogen production equipment demand is expected to exceed 100 MW in 2025, marking a significant milestone in its market development [18][23] Group 4: Global Market Context - Globally, the number of electrolysis hydrogen projects has reached 2,355, with an 8% year-on-year increase, primarily concentrated in Europe, China, and the Middle East [24][26] - Despite challenges in the global hydrogen market, China's hydrogen sector is expected to maintain a leading position due to supportive policies and technological advancements [26][29] - Chinese hydrogen companies are actively expanding into international markets through various strategies, including joint ventures and local production [29][30]