How much is China investing in hydrogen?

China's investment into green hydrogen industry, which produces hydrogen using renewable energy, has reached 300 billion yuan ($42.04 billion) year-to-date, the state broadcaster CCTV reported on Monday.

What is the outlook for the hydrogen fuel cell market?

Hydrogen Fuel Cell Market Overview. The Hydrogen Fuel Cell market size was estimated at USD 3.12 billion in 2023 and is projected to reach USD 7.2 billion in 2030 at a CAGR of 12.1% during the forecast period 2023-2030.

What is the future of hydrogen in China?

Hydrogen fuel is one of China's key strategies to achieve national energy security and carbon neutrality. Hydrogen is expected to provide more than 10% of China's total energy supply by 2050 , and the country has announced more than 50 large-scale hydrogen projects.

How much hydrogen will be produced in 2030?

By 2030, global hydrogen production will increase to 110 million metric tons (Mt) per year , and probably to 240 Mt by 2040, according to a study, 'The Roaring '30s – A clean hydrogen acceleration story,' by the German-based management consultancy Roland Berger.

Does hydrogen fuel cell have a future?

Green hydrogen: important as a fuel of the future Hydrogen is important for the future because it can be a versatile, clean, and abundant energy carrier . It can store surplus renewable energy and release it when needed, easing a shift to more sustainable energy systems.

Who is the largest producer of hydrogen in China?

Sinopec in September announced plans to become China's biggest hydrogen producer, putting the country on course to achieve its energy transition and climate goals. The company said it aims to install a capacity to produce 120,000 tonnes of hydrogen a year by the end of 2025.

Which country is rich in hydrogen?

China is currently the world's largest consumer and producer of hydrogen. Most of the hydrogen it makes today is fossil-fuel-based, but the country has big plans to scale up its green hydrogen production and use the fuel to decarbonize sectors like steel and chemicals production.

What is China's hydrogen strategy for 2030?

Hydrogen demand & application in China China's Hydrogen Alliance (CHA) forecasts that China's hydrogen demand will reach 35 million tons in 2030 , making up around 5% of the projected total energy demand. By 2050, the figure will stand at 90 million tons, supporting 10% of the projected energy demand.

Who is investing in hydrogen fuel cells?

Energy giant Shell has been researching the possible applications of hydrogen for decades. The company has a lot of expertise in-house and believes it can play a leading role in the development of the hydrogen economy. In addition to hydrogen, Shell invests on a large scale in other sustainable technologies.

What is the best hydrogen fuel cell stock to buy?

Best 10 Hydrogen Stocks to Add to Your Watchlist CMI+2.84% CMI - NYSECummins Inc. ... FCEL-1.11% FCEL - NYSEFuelCell Energy Inc. ... BE+0.35% BE - NYSEBloom Energy Corporation Class A. ... PLUG+6.44% PLUG - NASDAQPlug Power Inc. ... BLDP+1.52% BLDP - NYSEBallard Power Systems Inc. ... LIN+1.72% LIN - NYSELinde plc. ... APD+0.90% May 16, 2024

How big is the hydrogen market today?

What is the current size of the hydrogen market? The current market size of the hydrogen market is USD 222.0 billion in 2022.

Will hydrogen replace electric?

Can hydrogen overtake batteries in cars? “ The answer is no ,” said Liebreich, without a moment's hesitation. Carmakers betting on a large share for hydrogen are “just wrong”, and heading for an expensive disappointment, he added.

Is China making hydrogen cars?

Authorities unveiled China's first national-level hydrogen energy development plan in 2022, envisioning wider use of trains, cars, trucks and ships by 2025 , as well as annual production of between 100,000 tonnes and 200,000 tonnes of “green hydrogen energy” from renewable sources.

China: net growth of the hydrogen fuel cell stacks market volume 2020-2029 | Statista (2024)

Table of Contents

Annual growth of the hydrogen fuel cell stacks market volume in China from 2020 to 2023 with a forecast of 2024 and 2029 (in megawatts) Statistics on " Hydrogen industry worldwide " Other statistics that may interest you Hydrogen industry worldwide Topics FAQs

Statista Logo

- Business Solutions
- Academia and Government
Statistics
All Industries
Internet
Most-viewed Statistics
Recent Statistics Popular Statistics
Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2023
Quarterly smartphone market share worldwide by vendor 2009-2024
Number of apps available in leading app stores Q3 2022
OPEC oil price annually 1960-2024
Big Mac index worldwide 2024
Topics
Topic Overview
Top Report
View Report
Industry Overview
Reports
Report Shop
Search our report database
Find your information in our database containing over 20,000 reports
Market Insights
Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories
- Explore Market Insights
- Consumer
- Digital
- Mobility
Consumer Insights
Insights on consumer attitudes and behavior worldwide
2,000,000+ interviews
15,000+ brands
Explore Consumer Insights
Company Insights
Business information on 100m+ public and private companies
- 100+ industries
- 200+ countries and territories
Explore Company Insights
eCommerce Insights
Detailed information for 39,000+ online stores and marketplaces
70+ KPIs per store
Revenue analytics and forecasts
Explore eCommerce Insights
Research AI New
Daily Data
Services
The Statistics Portal
Statista Logo
Directly accessible data for 170 industries from 150+ countries and over 1Mio. facts.
More about Statista
- About Statista
- Why trust Statista
- Success stories
- First steps and help center
Tools
- Business Plan Export
Services
Statista+ offers additional, data-driven services, tailored to your specific needs. As your partner for data-driven success, we combine expertise in research, strategy, and marketing communications to deliver comprehensive solutions. Contact us directly for your individual offer.
Research
Full-service market research and analytics
Customized market research
Data analytics
Ad hoc research "askStatista"
Statista Q
Strategy
Strategy and business building for the data-driven economy
Build strategies
Create data value
Realize business opportunities
nxt statista
Design
Transforming data into content marketing and design
Data storytelling
Creative assets
Distribution
Statista Content & Design
See Also
Trump will no longer send out his statements of worth Here's How Your Net Worth Stacks Up With the Rest of Americans Your Age | The Motley Fool Mark King Taco Bell Net Worth – Repeat Replay
Statista R identifies and awards industry leaders, top providers, and exceptional brands through exclusive rankings and top lists in collaboration with renowned media brands worldwide. For more details, visit our website.

Popular Statistics

Topics

Markets

Reports

Market Insights

Consumer Insights

Company Insights

eCommerce Insights

Daily Data

About Statista

Statista+

Statista Q

askStatista

nxt statista

Content & Design

Statista R

Premium

Premium statistics

Industry-specific and extensively researched technical data (partially from exclusive partnerships).

A paid subscription is required for full access.

Published by

Daniel Slotta,

Jul 24, 2024

In 2024, the fuel cell stacks market volume in China was projected to grow by more than 4,500 megawatts, while the market value was expected to rise by 937 million U.S. dollars. According to the forecast, the market was anticipated to grow by almost seven billion U.S. dollars in 2029. Fuel cell stacks describe the combination of multiple fuel cells in close proximity to increase voltage and power.

Annual growth of the hydrogen fuel cell stacks market volume in China from 2020 to 2023 with a forecast of 2024 and 2029 (in megawatts)

Characteristic	Net growth in megawatts
-	-
-	-
-	-
-	-
-	-
-	-

Exclusive Premium Statistic

To access all Premium Statistics, you need a paid Statista Account

Immediate access to all statistics
Incl. source references
Download as PDF, XLS, PNG and PPT

Get access now

Already have an account? Login

Share this statistic

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

In cooperation with

Tanalyze

Release date

March 2024

More information

Region

Asia, China

Survey time period

2020 to 2024

Supplementary notes

*Forecast.

Citation formats