2025 China Hydrogen Energy Industry Analysis

Industry Overview

The 2025 industry enters a policy-driven acceleration phase, listed as a key future industry in the 15th Five-Year Plan [4]. Green hydrogen capacity reached 12.5万吨/year in 2024 (50%+ global share) [1], with electrolyzer costs dropping 65% to 2800 yuan/m³ [2].

Market Dynamics

15th Five-Year green hydrogen demand is projected at 240-430万吨/year [1]. Alkaline electrolyzer market CAGR hits 103% [3], driven by cost reductions.

Applications & Regional Pattern

Leading applications: transport (fuel cell heavy trucks) and industry (green ammonia/methanol carriers) [1]. Regional pattern: northern (resource leadership), eastern (demonstration), central-western (potential) [6].

Policy Support

Measures include Wuhu’s hydrogen subsidy (20 yuan/kg max) [8], MoT’s transport规范 [7], and 11央企中试 platforms [8].

Investment Insights

Opportunities: electrolyzers, green hydrogen production, infrastructure. Risks: storage/transport bottlenecks, cost competitiveness [5].