First half of 2023: China reshapes global hydrogen energy market

First half of 2023: China reshapes global hydrogen energy market

15-08-2023

In the first half of 2023, the global hydrogen industry continued to grow, with the Chinese market approaching the world's first. Data showed that South Korea's fuel cell vehicle sales accounted for 50% of the world after 2020, but began to reverse this year.

In the first half of 2023, China's fuel cell vehicle sales reached 2,410 units, an increase of 73.5% year-on-year, the growth rate of the world's major hydrogen vehicle market in the first place, the world's second largest sales volume, becoming the "leader" of the hydrogen market, and South Korea's gap in market size narrowed to less than 800 units, which means that China is This means that China is rapidly moving towards the world's largest fuel cell vehicle market.

At the same time, China is expected to become the world's largest importer of clean hydrogen, requiring 13 million tons of imported hydrogen per year by 2030. China will continue to rely heavily on clean hydrogen imports between 2050 and 2060. in 2050, the Chinese clean hydrogen market reaches $265 billion per year. By 2060, China plans to be carbon-neutral, at which point it will be nearly self-sufficient.

Secondly, the number of hydrogen refueling stations in China is steadily increasing, and many gas stations have also started to lay out their hydrogen refueling business, so the country's "hydrogen corridor" has already begun to take shape. The number of hydrogen refueling stations in China has exceeded 350, accounting for about 40% of the global total and ranking first in the world.

hydrogen energy

At present, China has made progress in the field of hydrogen energy in various aspects:


I, at present, China's annual hydrogen production is about 33 million tons, of which about 12 million tons meet the quality standard of industrial hydrogen, making it the world's largest hydrogen-producing country, with huge potential in hydrogen energy supply;


II, China has initially mastered the main technologies and production processes of hydrogen energy preparation, storage and transportation, hydrogen refueling, fuel cells and system integration, and has made breakthroughs in the technology of long-distance hydrogen transportation;


III, China has realized small-scale demonstration applications of fuel cell vehicles in some regions, and has become one of the countries most likely to take the lead in the industrialization of hydrogen fuel cells and hydrogen-powered vehicles, as recognized internationally. The ownership of hydrogen fuel cell vehicles has reached 14,979, ranking third in the world;


IV, by the end of 2022, China has built 310 hydrogen refueling stations, ranking first in the world;


IIV. Beijing-Tianjin-Hebei, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area have brought together more than 300 industrial enterprises above the scale of the whole industrial chain.


Although compared to coal, natural gas, hydrogen energy is still like a "little brother", but some experts predict that hydrogen energy in the eve of the outbreak, will be the next trillion or even ten trillion track.


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