HydrogenEnergy&FuelCellExpoChina–March2023AnoverviewofChina’sfirsttradeshowforH2andfuelcellin2023Riseabovethepack.InspiringintelligentinsightContents§Showfactsandfigures§Keyhighlights§KeyTrends§NewVendors§Innovations§ResearchReports§MeettheTeamConfidential.©2023InteractAnalysis.AllRightsReserved.ThisreportisbasedonourobservationsmadeatHE&FCExpo(partofCEEC)overacourseofthreedays.Whilstwehadnumerousmeetings,itwasimpossibleforustoseeeverything.Inclusionhereshouldnotbeviewedasanendorsementofanycompanynoristhereanyrequirements/criteriatofeatureinthisreport.Ifyouwouldliketomeetwithouranalystteaminthefuture,pleasecontactus.ShowFactsandFigures§CEECcoversanexhibitionareaof35000squaremetersand20000+registeredattendees§CEECconsistsofthreetopics:Hydrogen,energystorage,andphotovoltaics§HE&FCExpoisthesub-showspecificforhydrogen§HE&FCExpohaslargestscaleandoccupiesthelargesthall.§120+exhibitorsforCEEC,while70+exhibitorsforHE&FCExpo§Theexhibitorsincludefuelcellpowertraincomponentsuppliersandsystemintegrators,H2storageanddistributionsuppliers,electrolyzersuppliers,refuelingsystemintegratorsandfacilitysuppliers.§Halfoftheexhibitorsarerelatedtohydrogenproductionandinfrastructure,electrolyzersuppliersdominates.120+Exhibitors35k+Squaremeter20000+visitors20+ConferenceSessionsConfidential.©2023InteractAnalysis.AllRightsReserved.KeyHighlights–HE&FCExpoThisisthefirsthydrogen-specifictradeshowtakingplaceinChinaafterCovidrestrictionshavebeenfullylifted.§Theindustryisinitsinfancy-manyofthetechnologiesandproductsondisplayarenotyetbeingdeployedcommercially.Despitepolicy-drivengrowth,thedevelopmentofthefuelcellpowertraincomponentmarkethassteppedaheadofthemarketforclearH2supply.However,theindustrystartstopaymoreattentiontotheH2supply,especiallythegreenH2.Theelectrolyzersuppliersdominatedtheexpoandattractedthemostattention.§Mostoftheexhibitorsarelocalvendors-boostingthehydrogenindustrybylocalsupplychainhasalwaysbeenencouraged.Twoyearsago,fuelcellpowertraincomponents,includingstacks,BOPandonboardH2tank,reliedverymuchonimports.Buttoday,localvendorsstarttoleadthesupply.Talkingtoaircompressorsupplierswegotthesensethatthemade-in-Chinafuelcellcompressorsarecompetitiveinbothcostandtechnology.Chinahastheinherentadvantageofproducinggreenhydrogenonalargescale,andtheproductioncapacityofChineseelectrolyzersisleadingtheworld.LeadingsupplierswhoattendtheshowincludingSungrow(China),LONGi(China),JohnCockerillJingli(China&Belgium),SinoHyEnergy(China)§Thegovernmentplaysanimportantroleinpushingthehydrogenindustry.Manypeopleandgroupsfromgovernmentagenciesjoinedtheexhibition,eitherasexhibitorsorvisitors.Accordingtocommunicationwiththesuppliers,governmentactionsarethemostimportantconsiderationsinmostofthehydrogenprojectstheyundertaketoday.§Theindustrialdevelopmentexpectstoacceleratesignificantlyin2023.Manyexhibitorstellusthatprojects/ordersareincreasingquicklyfromthesecondhalfof2022.Thehydrogenmarketisexpectedtogrowstronglyin2023,benefitingfromthechangeinCovidpolicy.Confidential.©2023InteractAnalysis.AllRightsReserved.FCPowertraincomponentsConfidential.©2023InteractAnalysis.AllRightsReserved.5FCsystemvendorshowingtheirproductwith100+kwpoweroutputFivefuelcellsuppliersdisplaytheirfuelcellproducts,includingfuelcellsystemandstacksforcommercialvehicles:Sinohytec,Wenli,Sinosynergy,In-powerHydrogenPropulsionandFenergy.SinohytechassubstantialmarketshareinthefuelcellsystemmarketinChina.Ithasasubsidiary(SinoFuelCell)focusingonstackproduction.Before2021,manyofSinohytec’sfuelcellsystemswereequippedwithstacksfromToyota.However,sincelastyear,themajorityoffuelcellsystemsareequippedwithlocalizedstacksfromSinoFuelCell.Thelocalstacksarealsoadoptedbytherestofthefuelcellexhibitors.SHPT,anotherleadinglocalfuelcellsupplierwithin-housestacks,istheshareholderofIn-powerHydrogenPropulsionandprovidesitwithitscorefuelcelltechnology.Sinohytec,Sinosynergy,Fenergyalsodisplayself-producedfuelcellstacks.Allfuelcellsystemsondisplayhaveapoweroutputofmorethan100kwandshowpromisewithadurationof>15000hrs.They’reidealfordifferentheavy-dutyvehicles.ThisisacleartrendforFCEVmarketinChinagivenmoregovernmentencouragementforfuelcellapplicationsinheavy-dutyvehicles.Confidential.©2023InteractAnalysis.AllRightsReserved.H2tankvendorshowinglighterandcheapertankswithhighercapacityH2tanksarenotthemaincharacteroftheshow.Onlytwocompaniesdisplayhydrogenstoragesolutions.BeijingTianhaiistheonefocusingononboardhydrogenstorage.Itdisplayonboardhydrogenstoragesolutionswith310Ltanks.They’retypeIVandthestoragepressureis70MPa.Accordingtotheconversation,TianhaiproducestypeIVtankatalowercostthantypeIIIwithlocalizedcarbonfibre,thecompanyalsohadaspecialsolutiontodealwiththesealingproblemsfortypeIVtanks.Talkingtoanengineerfromthecompany,wegottoknowthatmanylocalvendorsstarttopurchasethecarbonfibre(thecostliestpartofthetanks)fromlocalsupplierssincelastyear.They’realsotargetingalocalizedsupplyofon-tankvalves.Aftercompletelocalization,thecostofanH2tankcoulddecreasebyover50%innextfewyears.Confidential.©2023InteractAnalysis.AllRightsReserved.Compressorvendorsshowingtheirhigh-powerproductswithlowcostEasylandistheexclusiveexhibitorwhodisplayedfuelcellaircompressors,themostexpensiveBOPcomponentsinthefuelcellsystem.Itdisplaysfuelcellaircompressorsthatcanbeusedfor200kw+fuelcellsystem.AccordingtothemarketingpersonfromEasyland,almosteveryfuelcellcompressorssoldinChinalastyeararecentrifugaldualstagecompressors,mostofwhichweremanufacturedbylocalvendors.Themade-in-Chinaaircompressorshavebeensoldtooverseafuelcellsystemsuppliersduetoitssubstantialcostcompetitivenessandcapabilitytomatchhigh-powersystem.Confidential.©2023InteractAnalysis.AllRightsReserved.Notonlyforon-roadvehicles----FuelcelltrainsRongchuangNewEnergyistheexclusiveexhibitorwhodisplayfuelcellsystemforhydrogentrainsandtrams.RongchuanghasjoinedseveralprojectstodeployfuelcelltramsandlocomotivesinChina.ItprovidesCRRCwithfuelcellsystems.SomeCRRCprojectshavecompletedthetestingphaseandwillstarttooperateverysoon.Rongchuanghasfuelcellsystemproductsrangingfrom100kW–1MW.Besidesfuelcellsystemforheavytransport,italsohasfuelcellproductsforpowergeneration.AccordingtothemarketingdirectorfromRongchuang,thehydrogentrainsaredesignedtoreplacedieseltrains.ThelifecycleTCOforhydrogentrainsispossibletobelowerthananelectrictrainstodayduetothecostofoverheadcatenary.Hydrogencanshowitsadvantageinenergydensitywhencomparingtobatterytrain,whichrequirealargeandheavybatteryonboard.RongchuangisalsolookingattheEuropeanmarket,wheresomehydrogentrainshavebeeninoperationandtheshareofnon-electrifiedrailwayishigherthaninChina.Confidential.©2023InteractAnalysis.AllRightsReserved.Notonlyforon-roadvehicles----FuelcelldronesDoosanMobilitydisplayeditsfuelcellsolutionfordrones,includinga1.25kwfuelcellmoduleandasmalltypeIIIH2tank(Chinamarketonly).Fuelcelltechnologyisapromisingsolutionforindustrialdroneinspection,whichrequiresalongflightduration.ThefuelcellmoduleismadebyDoosan,whiletheH2tankcomesfromlocalvendors.BasedonatalkwithDoosan,thefuelcelldroneisstillmuchexpensivethananelectricdrone.Theclientdoesn’tneedtoworryaboutH2refueling,sincetheclientmakesannualpaymentforit:DoosanwillreplacethetankwithfullH2storedoncetheH2hasrunout.Confidential.©2023InteractAnalysis.AllRightsReserved.ThesupplyofgreenH2Confidential.©2023InteractAnalysis.AllRightsReserved.Electrolyzerdominatestheshow,ALKleadsElectrolyzersuppliersdominatetheshow:>20%oftheexhibitorsareelectrolyzersuppliers.Theyprovidetheenergycompany/gasproducerwithelectrolyzer,akeyproductiontechnologyforgreenH2.Someofthecompaniesarealsocapableofprovidingthepowersupplyfacility(rectifier)andsystemintegrationsolution,butnoneofthesedirectlydeliverH2.LONGi,Sungrow,JohnCockerillJingli(JVofJohnCockerillandJingli)andSinohyEnergyhaveworld-leadingproductioncapacity.TheyallareattheexpoandshowtheirtechnologyingreenH2production.Alkaline(ALK)electrolyzersseemtobethemainstreamtechnologyforgreenH2productioninChina:Alargeproductionscaleaccompaniedbylowercosts.ManysupplierscanprovidetheelectrolyzercapableofH2productionofupto2000Nm3/h,withenergyconsumptionoflowerthan4.5kwh/Nm3.Confidential.©2023InteractAnalysis.AllRightsReserved.Notethatthephotosshownhereareeitherthemodelorascaled-downprototype,insteadofrealelectrolyzer.Therealoneistoobigtobedisplayedinahall.RefuelingnetworksarecrucialtoconnectsupplyanddemandSuppliersthatinvolvedinH2refuelingbusinessisanotherhighlightattheexpo.CenstarH2eandZTTCEarethetwobigHRSequipmentsupplier,theydisplaytheirH2dispensers,whichcanrefuelatboth35MPaand70MPa.ManyHRSequipmentsuppliersstarttoparticipatelargeHRSprojects(>2000kg/d).ThereisacleartrendthatHRSisbecominglargerinrefuelingcapacity.Bycommunicatingwiththesuppliers,weknowthatHRSequipmentsupplierstypicallyalsohavethecapabilitytoprovidesystemicsolutionsforhydrogenrefuelingstationsbutaregenerallynotinvolvedinhydrogensupplyandtransportation.AnotherbigHRSplayerattheshowisHyfun,theyhave70+HRSinChinasofar.AttheshowHyfunhighlighteditshigh-capacityhydrogendistributionsolution:Magnesium-basedsolid-statehydrogendistributiontrucks.Thedistributioncapacityandthesafetyarethemainadvantage.HydrogencompressorsarethemostexpensivepartofHRS,there’realsosomeexhibitorswhospecializinginhydrogencompressors,forexample,PDCmaschineandCompress.Confidential.©2023InteractAnalysis.AllRightsReserved.Confidential.©2023InteractAnalysis.AllRightsReserved.SolutionsforH2ecosystemSomegiantcompaniesdisplaytheirsystem-widesolutionforH2supplychain.CIMCHydrogen,astate-ownedcompany,canofferfacilitiesforthewholehydrogensupplychain,includingelectrolyzers,tubetrailers,hydrogendispensers,hydrogenstations,onboardH2tanks.Sungrowhasaproductportfoliocoveringpowersupply,energystorage,PV,chargersandelectrolyzers,italsoshowstheirsolutionforthehydrogenecosystemattheexpo.8ResearchReportsConfidential.©2021InteractAnalysis.AllRightsReserved.CommercialVehicleResearchReportsEARTHMOVINGEQUIPMENTMATERIALHANDLINGAGEQUIPMENTBUSESTRUCKSPOWERTRAINVOLUMES+FORECAST§Off-HighwayVehicles§Hybrid&ElectricTrucks&Buses§Forklifts§ChinaNewEnergyBusandTruckMarket(MonthlyTracker)OTHERCOMPONENTS§HydrogenICEMarketandTechnologyAssessment§HydrogenInTransportApplications–Standard/Premium§MobileHydraulics§HydrogenElectrolyser/RectifierELECTRIFIEDCOMPONENTS+ARCHITECTURE§On-HighwayPowertrain(formerlyElectrifiedTruckandBusPowertrainComponents–APAC/EMEA)§Off-HighwayPowertrain§BatteryManufacturingEquipment§Li-IonBatteryandManufacturingEquipmentMarketTrackerVEHICLEVOLUMES+FORECASTConfidential.©2023InteractAnalysis.AllRightsReserved.MININGEQUIPMENTConfidential.©2023InteractAnalysis.AllRightsReserved.Confidential.©2023InteractAnalysis.AllRightsReserved.IntegratedMarketingCommunicationsInadditiontoourmarketresearch,InteractAnalysishaveasubsidiarycompany,GoldenBrain.GoldenBrainisamarketingcommunicationsagencydedicatedtoworkingwithB2Bindustrialautomation,warehouseautomationandcommercialvehiclecompaniesandoffersacomprehensiveintegratedmarketingcommunicationsservice.Combiningdeepindustryinsightwithgreatcreativity,theteamofexpertscreatestoriesthatarecredible,thought-leadingandrelevantfortechnicalexpertsandkeydecisionmakers.Servicesincludecontentcreation,design,PRandMedia,writingco-brandedpapersandsupportingwithdistribution,pressandmediaoutreach.20We’reateamofthinkers,strategizers,researchers,explorers,modellersandanalysts,basedinmanydifferentcountriesaroundtheworld.Weapproachtechnologyresearchwithcuriosityandaneyefordetail,usingwhatwelearntocreatemeaningfulinsightsthatdelivertangiblebenefitsforcompanies,justlikeyou.MeettheTeamCommercialVehiclesTeamWe’rerecognizedasoneoftheleadingcommercialvehiclesresearchteamsglobally,workingwithsomeofthelargestandmostrespectedcompaniesontheplanet.JAMIEFOXALASTAIRHAYFIELDJANZHANGSeniorResearchDirector,UK15+yearsexperienceResearchinterestcoverselectrictrucksandbuses,autonomoustrucksandoff-highwayelectrificationPioneerofforecastandstatisticalmodelling.SeniorResearchDirector,China20+yearsexpertiseHeadofAPACoperationsInterdisciplinaryexpertisecoverstheentireautomationvaluechainPrincipalAnalyst,Chile15+yearsexperienceComponentsforcommercialvehiclespecialistMScinNanoscaleScienceandTechnologySeniorAnalyst,ChinaInterdisciplinarybackgroundResearchinterestsincludesystemautomationandroboticsResponsibleforindustrialautomation,roboticsandNEVresearchSHIRLYZHUPrincipalAnalyst,ChinaIndustrialAutomation&CommercialVehicles10+yearsexperienceExpertinmotionandindustrialcontrolsMAYAXIAOALEXANDERJONESMARCOWANGYVONNEZHANGGEORGEBLUNTResearchAnalyst,UKIndustrialAutomationPhDinAstrophysicsFocusonmotioncontrolsandsmartconveyanceResearchAnalyst,ChinaSubstantialresearchexperienceinthemarketforhydrogen-poweredvehicles.ResearchAssociate,ChinaMaster’sdegreeinFinanceAssistsCommercialVehicleandIndustrialAutomationteamstoorganize&interpretfindingsandenhanceproductoutputs.JuniorConsultingAnalyst,UKBiologygraduateAssistswithconductingcustom-maderesearchforclientsinCommercialVehicles&IndustrialAutomation.Confidential.©2023InteractAnalysis.AllRightsReserved.ContactusWithofficesspanningtheUK,USandAsia,we’vegrowntobecomethego-topartnerforinternationaltechnologymarketresearch.www.interactanalysis.comNORTHAMPTONUnitedKingdomPhone:+44(0)1604272366Email:info@interactanalysis.comAUSTINUnitedStatesPhone:+15125980087Email:info@interactanalysis.comSHANGHAIChinaPhone:+86(0)2138932558Email:info@interactanalysis.comhttps://interactanalysis.com/contact/