1、Hydrogen Energy&Fuel Cell Expo China March 2023An overview of Chinas first tradeshow for H2 and fuel cell in 2023Rise above thepack.Inspiring intelligent insightContents Show facts and figures Key highlights Key Trends New Vendors Innovations Research Reports Meet the Team Confidential.2023 Interact

2、 Analysis.All Rights Reserved.This report is based on our observations made at HE&FC Expo(part of CEEC)over a course of three days.Whilst we had numerous meetings,it was impossible for us to see everything.Inclusion here should not be viewed as an endorsement of any company nor is there any requirem

3、ents/criteria to feature in this report.If you would like to meet with our analyst team in the future,please contact us.Show Facts and FiguresCEEC covers an exhibition area of 35000 square meters and 20000+registered attendees CEEC consists of three topics:Hydrogen,energy storage,and photovoltaics H

4、E&FC Expo is the sub-show specific for hydrogenHE&FC Expo has largest scale and occupies the largest hall.120+exhibitors for CEEC,while 70+exhibitors for HE&FC Expo The exhibitors include fuel cell powertrain component suppliers and system integrators,H2 storage and distribution suppliers,electrolyz

5、er suppliers,refueling system integrators and facility suppliers.Half of the exhibitors are related to hydrogen production and infrastructure,electrolyzer suppliers dominates.120+Exhibitors35k+Square meter20000+visitors20+Conference SessionsConfidential.2023 Interact Analysis.All Rights Reserved.Key

6、 Highlights HE&FC ExpoThis is the first hydrogen-specific tradeshow taking place in China after Covid restrictions have been fully lifted.The industry is in its infancy-many of the technologies and products on display are not yet being deployed commercially.Despite policy-driven growth,the developme

7、nt of the fuel cell powertrain component market has stepped ahead of the market for clear H2 supply.However,the industry starts to pay more attention to the H2 supply,especially the green H2.The electrolyzer suppliers dominated the expo and attracted the most attention.Most of the exhibitors are loc

8、al vendors-boosting the hydrogen industry by local supply chain has always been encouraged.Two years ago,fuel cell powertrain components,including stacks,BOP and onboard H2 tank,relied very much on imports.But today,local vendors start to lead the supply.Talking to air compressor suppliers we got th

9、e sense that the made-in-China fuel cell compressors are competitive in both cost and technology.China has the inherent advantage of producing green hydrogen on a large scale,and the production capacity of Chinese electrolyzers is leading the world.Leading suppliers who attend the show including Sun

10、grow(China),LONGi(China),John Cockerill Jingli(China&Belgium),SinoHy Energy(China)The government plays an important role in pushing the hydrogen industry.Many people and groups from government agencies joined the exhibition,either as exhibitors or visitors.According to communication with the supplie

11、rs,government actions are the most important considerations in most of the hydrogen projects they undertake today.The industrial development expects to accelerate significantly in 2023.Many exhibitors tell us that projects/orders are increasing quickly from the second half of 2022.The hydrogen marke

12、t is expected to grow strongly in 2023,benefiting from the change in Covid policy.Confidential.2023 Interact Analysis.All Rights Reserved.FC Powertrain componentsConfidential.2023 Interact Analysis.All Rights Reserved.5FC system vendor showing their product with 100+kw power output Five fuel cell su

13、ppliers display their fuel cell products,including fuel cell system and stacks for commercial vehicles:Sinohytec,Wenli,Sinosynergy,In-power Hydrogen Propulsion and Fenergy.Sinohytec has substantial market share in the fuel cell system market in China.It has a subsidiary(SinoFuelCell)focusing on stac

14、k production.Before 2021,many of Sinohytecs fuel cell systems were equipped with stacks from Toyota.However,since last year,the majority of fuel cell systems are equipped with localized stacks from SinoFuelCell.The local stacks are also adopted by the rest of the fuel cell exhibitors.SHPT,another le

15、ading local fuel cell supplier with in-house stacks,is the shareholder of In-power Hydrogen Propulsion and provides it with its core fuel cell technology.Sinohytec,Sinosynergy,Fenergy also display self-produced fuel cell stacks.All fuel cell systems on display have a power output of more than 100kw

16、and show promise with a duration of 15000hrs.Theyre ideal for different heavy-duty vehicles.This is a clear trend for FCEV market in China given more government encouragement for fuel cell applications in heavy-duty vehicles.Confidential.2023 Interact Analysis.All Rights Reserved.H2 tank vendor show

17、ing lighter and cheaper tanks with higher capacityH2 tanks are not the main character of the show.Only two companies display hydrogen storage solutions.Beijing Tianhai is the one focusing on onboard hydrogen storage.It display onboard hydrogen storage solutions with 310L tanks.Theyre type IV and the

18、 storage pressure is 70MPa.According to the conversation,Tianhai produces type IV tank at a lower cost than type III with localized carbon fibre,the company also had a special solution to deal with the sealing problems for type IV tanks.Talking to an engineer from the company,we got to know that man

19、y local vendors start to purchase the carbon fibre(the costliest part of the tanks)from local suppliers since last year.Theyre also targeting a localized supply of on-tank valves.After complete localization,the cost of an H2 tank could decrease by over 50%in next few years.Confidential.2023 Interact

20、 Analysis.All Rights Reserved.Compressor vendors showing their high-power products with low costEasyland is the exclusive exhibitor who displayed fuel cell air compressors,the most expensive BOP components in the fuel cell system.It displays fuel cell air compressors that can be used for 200kw+fuel

21、cell system.According to the marketing person from Easyland,almost every fuel cell compressors sold in China last year are centrifugal dual stage compressors,most of which were manufactured by local vendors.The made-in-China air compressors have been sold to oversea fuel cell system suppliers due to

22、 its substantial cost competitiveness and capability to match high-power system.Confidential.2023 Interact Analysis.All Rights Reserved.Not only for on-road vehicles-Fuel cell trainsRongchuang New Energy is the exclusive exhibitor who display fuel cell system for hydrogen trains and trams.Rongchuang

23、 has joined several projects to deploy fuel cell trams and locomotives in China.It provides CRRC with fuel cell systems.Some CRRC projects have completed the testing phase and will start to operate very soon.Rongchuang has fuel cell system products ranging from 100kW 1MW.Besides fuel cell system for

24、 heavy transport,it also has fuel cell products for power generation.According to the marketing director from Rongchuang,the hydrogen trains are designed to replace diesel trains.The lifecycle TCO for hydrogen trains is possible to be lower than an electric trains today due to the cost of overhead c

25、atenary.Hydrogen can show its advantage in energy density when comparing to battery train,which require a large and heavy battery onboard.Rongchuang is also looking at the European market,where some hydrogen trains have been in operation and the share of non-electrified railway is higher than in Chi

26、na.Confidential.2023 Interact Analysis.All Rights Reserved.Not only for on-road vehicles-Fuel cell dronesDoosan Mobility displayed its fuel cell solution for drones,including a 1.25kw fuel cell module and a small type III H2 tank(China market only).Fuel cell technology is a promising solution for in

27、dustrial drone inspection,which requires a long flight duration.The fuel cell module is made by Doosan,while the H2 tank comes from local vendors.Based on a talk with Doosan,the fuel cell drone is still much expensive than an electric drone.The client doesnt need to worry about H2 refueling,since th

28、e client makes annual payment for it:Doosan will replace the tank with full H2 stored once the H2 has run out.Confidential.2023 Interact Analysis.All Rights Reserved.The supply of green H2Confidential.2023 Interact Analysis.All Rights Reserved.Electrolyzer dominates the show,ALK leadsElectrolyzer su

29、ppliers dominate the show:20%of the exhibitors are electrolyzer suppliers.They provide the energy company/gas producer with electrolyzer,a key production technology for green H2.Some of the companies are also capable of providing the power supply facility(rectifier)and system integration solution,bu

30、t none of these directly deliver H2.LONGi,Sungrow,John Cockerill Jingli(JV of John Cockerill and Jingli)and Sinohy Energy have world-leading production capacity.They all are at the expo and show their technology in green H2 production.Alkaline(ALK)electrolyzers seem to be the mainstream technology f

31、or green H2 production in China:A large production scale accompanied by lower costs.Many suppliers can provide the electrolyzer capable of H2 production of up to 2000Nm3/h,with energy consumption of lower than 4.5kwh/Nm3.Confidential.2023 Interact Analysis.All Rights Reserved.Note that the photos sh

32、own here are either the model or a scaled-down prototype,instead of real electrolyzer.The real one is too big to be displayed in a hall.Refueling networks are crucial to connect supply and demandSuppliers that involved in H2 refueling business is another highlight at the expo.Censtar H2e and ZTTCE a

33、re the two big HRS equipment supplier,they display their H2 dispensers,which can refuel at both 35MPa and 70MPa.Many HRS equipment suppliers start to participate large HRS projects(2000kg/d).There is a clear trend that HRS is becoming larger in refueling capacity.By communicating with the suppliers,

34、we know that HRS equipment suppliers typically also have the capability to provide systemic solutions for hydrogen refueling stations but are generally not involved in hydrogen supply and transportation.Another big HRS player at the show is Hyfun,they have 70+HRS in China so far.At the show Hyfun hi

35、ghlighted its high-capacity hydrogen distribution solution:Magnesium-based solid-state hydrogen distribution trucks.The distribution capacity and the safety are the main advantage.Hydrogen compressors are the most expensive part of HRS,therere also some exhibitors who specializing in hydrogen compre

36、ssors,for example,PDC maschineand Compress.Confidential.2023 Interact Analysis.All Rights Reserved.Confidential.2023 Interact Analysis.All Rights Reserved.Solutions for H2 ecosystemSome giant companies display their system-wide solution for H2 supply chain.CIMC Hydrogen,a state-owned company,can off

37、er facilities for the whole hydrogen supply chain,including electrolyzers,tube trailers,hydrogen dispensers,hydrogen stations,onboard H2 tanks.Sungrow has a product portfolio covering power supply,energy storage,PV,chargers and electrolyzers,it also shows their solution for the hydrogen ecosystem at

38、 the expo.8Research ReportsConfidential.2021 Interact Analysis.All Rights Reserved.Commercial Vehicle Research ReportsEARTHMOVINGEQUIPMENTMATERIALHANDLINGAG EQUIPMENTBUSESTRUCKSPOWERTRAIN VOLUMES+FORECASTOff-Highway VehiclesHybrid&Electric Trucks&BusesForkliftsChina New Energy Bus and Truck Market(M

39、onthly Tracker)OTHER COMPONENTSHydrogen ICE Market and Technology AssessmentHydrogen In Transport Applications Standard/PremiumMobile HydraulicsHydrogen Electrolyser/RectifierELECTRIFIED COMPONENTS+ARCHITECTUREOn-Highway Powertrain(formerly Electrified Truck and Bus Powertrain Components APAC/EMEA)O

40、ff-Highway Powertrain Battery Manufacturing EquipmentLi-Ion Battery and Manufacturing Equipment Market TrackerVEHICLE VOLUMES+FORECASTConfidential.2023 Interact Analysis.All Rights Reserved.MININGEQUIPMENTConfidential.2023 Interact Analysis.All Rights Reserved.Confidential.2023 Interact Analysis.All

41、 Rights Reserved.Integrated Marketing CommunicationsIn addition to our market research,Interact Analysis have a subsidiary company,Golden Brain.Golden Brain is a marketing communications agency dedicated to working with B2B industrial automation,warehouse automation and commercial vehicle companies

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44、 what we learn to create meaningful insights that deliver tangible benefits for companies,just like you.Meet the TeamCommercial Vehicles TeamWere recognized as one of the leading commercial vehicles research teams globally,working with some of the largest and most respected companies on the planet.J

45、AMIE FOXALASTAIR HAYFIELDJAN ZHANG Senior Research Director,UK 15+years experienceResearch interest covers electric trucks and buses,autonomous trucks and off-highway electrificationPioneer of forecast and statistical modelling.Senior Research Director,China 20+years expertiseHead of APAC operations

46、 Interdisciplinary expertise covers the entire automation value chainPrincipal Analyst,Chile 15+years experienceComponents for commercial vehicle specialistMSc in Nanoscale Science and TechnologySenior Analyst,China Interdisciplinary background Research interests include system automation and roboti

47、csResponsible for industrial automation,robotics and NEV researchSHIRLY ZHUPrincipal Analyst,China Industrial Automation&Commercial Vehicles10+years experienceExpert in motionand industrial controlsMAYA XIAOALEXANDER JONESMARCO WANGYVONNE ZHANGGEORGE BLUNTResearch Analyst,UK Industrial AutomationPhD

48、 in AstrophysicsFocus on motion controls and smart conveyanceResearch Analyst,ChinaSubstantial research experience in the market for hydrogen-powered vehicles.Research Associate,China Masters degree in Finance Assists Commercial Vehicle and Industrial Automation teams to organize&interpret findings

49、and enhance product outputs.Junior Consulting Analyst,UK Biology graduateAssists with conducting custom-made research for clients in Commercial Vehicles&Industrial Automation.Confidential.2023 Interact Analysis.All Rights Reserved.Contact usWith offices spanning the UK,US and Asia,weve grown to become the go-to partner for international technology market NORTHAMPTONUnited KingdomPhone:+44(0)1604 272366Email:AUSTINUnited StatesPhone:+1 512 598 0087Email:SHANGHAI ChinaPhone:+86(0)21 3893 2558Email:https:/