China s hydrogen refueling station industry is accelerating its rise, and a new era of clean energy

Mondo Technology Updated on 2024-03-05

Hydrogen refueling station, as the name suggests, is a facility that provides hydrogen fuel for hydrogen fuel cell vehicles, and is an important part of the supporting facilities for new energy vehicles. It provides hydrogen fuel cell vehicles with the necessary hydrogen to keep them running, just as a traditional gas station supplies fuel to fuel vehicles. In short, hydrogen refueling stations play a vital role in driving the commercialization of hydrogen fuel cell vehicles.

From the perspective of the industry, the hydrogen refueling station industry is an emerging and fast-growing field, involving multiple links such as hydrogen storage, transportation, and refueling, which requires a high degree of safety and professionalism. At the same time, since hydrogen is a clean energy source, the construction and operation of hydrogen refueling stations are also in line with the trend of sustainable development.

The rapid development of China's hydrogen refueling station market is inseparable from the rapid growth of the hydrogen fuel cell vehicle market at home and abroad, the promotion of clean energy policies, and the continuous progress of industry technology. Here is a detailed analysis of the current state of the market:

Construction speed and market size:

In recent years, the construction of hydrogen refueling stations in China has entered the fast lane. According to the data, the number of hydrogen refueling stations that have been built in China has reached 397, and 80 are under construction. It is the country with the largest number of hydrogen refueling stations in the world, and the rest of the hydrogen refueling stations are mainly distributed in Japan, South Korea, Asia and North America and other countries and regions.

This growth trend shows that with the continuous expansion of the hydrogen fuel cell vehicle market, the supporting role of hydrogen refueling stations as infrastructure is becoming increasingly prominent.

China's new energy vehicle industry has shown explosive growth in recent years. As the world's largest new energy vehicle market, China has given strong support to the new energy vehicle industry and promoted the improvement and upgrading of the industrial chain. According to the "2024-2030 China New Energy Vehicle Market Analysis and Investment Prospect Research Report" released by Booz Data, it shows that in 2023, the cumulative value of China's new energy vehicle production will reach an astonishing 94430,000 units, a total increase of 30 percent over the previous year3%, this growth rate far exceeds the traditional automotive industry, showing the strong development potential of the new energy vehicle industry.

Regional Distribution and Market Concentration:

From the perspective of geographical distribution, hydrogen refueling stations are mainly concentrated in economically developed and environmentally conscious areas, such as the Yangtze River Delta and the Pearl River Delta. These regions not only have a relatively complete transportation network and automobile industry base, but also have greater local support for clean energy.

In contrast, the construction of hydrogen refueling stations in the inland and western regions is relatively lagging behind, but with the country's emphasis on the development of the central and western regions and the deepening of clean energy promotion policies, the market potential of these regions is expected to be released in the future.

Operating model and market competition:

The operation mode of hydrogen refueling stations shows a trend of diversification, including first-class dominant, enterprise-owned, public-private partnership, etc. Different operating models have their own advantages in terms of financial strength, technical level, market expansion ability, etc., forming a diversified market competition pattern.

At present, large energy companies such as Sinopec and PetroChina, as well as some forward-looking private enterprises, are the main force in the construction and operation of hydrogen refueling stations. They occupy a leading position in the market with rich resource reserves, strong financial strength and mature operating experience.

Some typical enterprises

Hydrogen Costs and Economic Benefits:

At present, the cost of hydrogen is still one of the key factors affecting the economic benefits of hydrogen refueling stations. The selling price of hydrogen is mainly composed of the cost of raw materials, production and transportation costs, and the fixed and variable costs of hydrogen refueling stations. Among them, the cost of hydrogen preparation, storage and transportation accounts for a relatively large amount, accounting for about 70%.

Despite the subsidy support, reducing the cost of hydrogen remains a significant challenge for the hydrogen refueling station industry. In the future, with technological progress, scale effect and collaborative optimization of the upstream and downstream of the industrial chain, the cost of hydrogen is expected to gradually decrease, thereby improving the economic benefits and market competitiveness of hydrogen refueling stations.

Standard system and policy environment:

The standard system for the construction and operation of hydrogen refueling stations is gradually improving. ** and relevant industry organizations have developed a series of standards and specifications to ensure the safe, reliable and efficient operation of hydrogen fueling stations. These standard systems provide institutional guarantee for the healthy and orderly development of the industry.

At the same time, the support for new energy vehicles and clean energy has been increasing, providing a good policy environment for the development of the hydrogen refueling station industry. A number of measures, including subsidies for the construction of hydrogen refueling stations, tax incentives, and promotion policies for new energy vehicles, have jointly promoted the rapid development of the hydrogen refueling station market.

Some policies and regulations

In the future, China's hydrogen refueling station market will usher in a broader space for development. With the continuous maturity of hydrogen fuel cell vehicle technology and the improvement of market acceptance, the market demand for hydrogen refueling stations will continue to grow. At the same time, driven by policy support, technological innovation, international cooperation and other factors, China's hydrogen refueling station industry is expected to achieve sustained and rapid development, making important contributions to the popularization of hydrogen fuel cell vehicles and clean energy transformation. In this process, Booz Data will continue to pay attention to industry trends and provide accurate and timely market analysis and suggestions for relevant enterprises and investors.

2024-2030 China hydrogen refueling station market analysis and investment prospect research report

The "2024-2030 China Hydrogen Refueling Station Market Analysis and Investment Prospect Research Report" released by Boss Data introduces the relevant overview of the hydrogen refueling station industry, the operating environment of China's hydrogen refueling station industry, analyzes the current situation of China's hydrogen refueling station industry, the competition pattern of China's hydrogen refueling station industry, and analyzes the business status of key enterprises in China's hydrogen refueling station industry and the development prospects and investment of China's hydrogen refueling station industry. If you want to have a systematic understanding of the hydrogen refueling station industry or want to invest in the hydrogen refueling station industry, this report is an indispensable and important tool for you.

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