The "2024 Analysis Report on the Development Status and Enterprise Layout of China's Hydrogen Catalytic Electrode Industry" (hereinafter referred to as the "Report") carefully compiled by the expert team of Zhiyan Consulting was released, which aims to analyze the future market trend of China's hydrogen catalytic electrode from the national industrial development strategy, tap the development potential of the hydrogen catalytic electrode market, predict the development prospects of the hydrogen catalytic electrode market, and help the high-quality development of the hydrogen catalytic electrode industry.
The "2024 Analysis Report on the Development Status and Enterprise Layout of China's Hydrogen Catalytic Electrode Industry" provides an analysis of the development of the global hydrogen catalytic electrode market, China's hydrogen catalytic electrode industry policy and standard system, the development status of China's hydrogen catalytic electrode, the development of hydrogen catalytic electrode technology, the competition pattern of China's hydrogen catalytic electrode market, the layout of major enterprises in China's hydrogen catalytic electrode, and the market opportunities and development trends of China's hydrogen catalytic electrode. An in-depth analysis of the investment opportunities and market space of China's hydrogen catalytic electrode market was conducted. The "2024 Analysis Report on the Development Status and Enterprise Layout of China's Hydrogen Catalytic Electrode Industry" is intended to provide a comprehensive vision of the current situation and trends of the global and Chinese hydrogen catalytic electrode market for relevant participants in the hydrogen catalytic electrode market, as well as investors and researchers who are willing to enter the hydrogen catalytic electrode related industries. The "2024 Analysis Report on the Development Status and Enterprise Layout of China's Hydrogen Catalytic Electrode Industry" makes a comprehensive combing and in-depth analysis of the hydrogen catalytic electrode industry, which is the presentation of years of continuous tracking, research and analysis results of Zhiyan Consulting.
Table of Contents of Reports
Alkaline Electrode Market Analysis
Under the guidance of the "dual carbon" goal, represented by central energy state-owned enterprises and new energy listed companies, we will accelerate the deployment of renewable hydrogen projects. According to incomplete statistics, by the end of 2023, there are 387 renewable hydrogen projects planned nationwide, 80 under construction, 58 completed and operated, and 20 new projects will be put into operation in 2023. At present, the installed capacity of alkaline electrolyzers has reached more than 96% of the completed projects; Among the projects under construction and planning, the installed capacity of alkaline electrolyzers remains above 90%. Alkaline electrolyzers dominate due to their high technical maturity and large-scale and low-cost advantages. With the continuous release of demand for green hydrogen projects, the demand for alkaline electrolyzers has soared, which will drive the rapid growth of the alkaline hydrogen production electrode market. With the large-scale application of alkaline electrolyzers, the market size of alkaline electrodes continues to increase, and the market size of alkaline electrolysis in mainland China will be about 600 million yuan in 2023 and is expected to exceed 1 billion yuan in 2024.
At present, with the continuous maturity of technology and the hot layout of renewable hydrogen projects, alkaline electrodes are in a period of rapid expansion, industry investment is rising, and production capacity and market scale will continue to increase. In recent years, the mainland has paid more and more attention to the hydrogen energy industry, and the central and local governments have actively introduced relevant policies to support the development of hydrogen energy. In addition, the demand for hydrogen in the downstream of the hydrogen energy industry chain continues to increase, promoting the development of large-scale and standardized hydrogen production in the upstream hydrogen production link, and the scale of hydrogen production continues to expand. The catalytic electrode is an important component that affects the efficiency and scale of hydrogen production, so the catalytic electrode has become an important research point for improving the quality and efficiency of the current hydrogen production process. Alkaline electrodes still occupy a dominant position in the catalytic electrode market in China, and its market size will show an exponential growth trend, and the market size of alkaline electrodes in China is expected to exceed 10 billion yuan in 2030.
2022-2030 China Alkaline Electrode Market Size and Forecast (Unit: 100 million yuan)
The main supplier technology and production capacity of PEM MEA
In terms of technical level, after the development of recent years, domestic PEM membrane electrode products have made great progress, and the main technical indicators have basically been equivalent to foreign levels. From the perspective of technical indicators, the MEA products of each company are comparable. Most of the domestic MEAs have a Pt load of 0.3-0.4mg/cm2, the power density generally exceeds 1.3W/cm2, and the service life is basically more than 10,000 hours. Pt capacity is an important factor affecting the performance and economics of PEM electrolyzers. The high Pt load means that there are more Pt catalyst particles in the catalytic layer, which increases the catalytic active site, which is conducive to improving the rate and efficiency of the electrolysis reaction. However, since Pt is an expensive metal, high Pt loading will also lead to an increase in the cost of membrane electrodes, and may also lead to an overly thick catalyst layer, increasing the resistance to proton transport, thereby reducing electrolytic performance. The low Pt load can reduce the cost of MEA, which is conducive to the large-scale commercial application of PEM electrolyzers. However, low Pt loading may lead to insufficient catalytic active sites, reducing the rate and efficiency of the electrolysis reaction, which may require higher voltages to drive the electrolysis reaction, thus increasing energy consumption.
Compared with the technical indicators of major MEA suppliers in China, the competitiveness of SinoHyKey's MEA is relatively strong, and its MEA Pt load is 0.3mg/cm2, which is relatively low, but its power density is 1.5W/cm2, which is at the upper level of the industry. In addition, SinoHyKey has a membrane electrode life of 20,000 hours and a production capacity of 10 million pieces per year, which is at the forefront of the industry.
In recent years, with the improvement of domestic MEA technology and production capacity, the share of imported MEAs has gradually been squeezed, and the cost of MEAs has been significantly reduced, with the price dropping from about 2000 yuan/kW to about 600 yuan/kW, and the corresponding stack price has dropped to 1000-1500 yuan/kW. In the next five years, with the improvement of MEA power density, the application of domestic materials and the scale effect brought by the growth of the total market, MEA will drive the expansion of PEM catalytic electrode demand.
Technology and production capacity of major MEA suppliers in China
This report is a work that systematically analyzes the development status of China's hydrogen catalytic electrode industry in 2024, which has important reference value for a comprehensive understanding of the development status of China's hydrogen catalytic electrode industry, and industrial investment, academic research and practice related to the development of the hydrogen catalytic electrode industry.
Data Description:
1. The core data of this report is updated to March 2024, mainly based on Chinese mainland data, and a small amount involves global and related regional data.
2. In addition to the first-hand research information and data, authoritative data sources such as the National Bureau of Statistics, China Customs, industry associations, and public reports of listed companies (prospectuses, transfer prospectuses, annual editions, inquiry reports, etc.) also constitute the data sources of this report. The first-hand data comes from the first-hand information data obtained by the research team from interviews with key enterprises in the industry, and the main interview subjects include corporate executives, industry experts, technical leaders, downstream customers, distributors, agents, distributors and upstream raw material suppliers. Secondary sources mainly include relevant industry news, company annual reports, non-profit organizations, industry associations, government agencies and third-party databases from around the world.
3. The core data of the report is based on the company's strict data collection, screening, processing, analysis system and independent calculation model to ensure the accuracy and reliability of statistical data.
4. The data used in this report are all from compliance channels, and the analysis logic is based on the professional understanding of the Zhiyan team, which clearly and accurately reflects the research views of analysts.