Hydrogen fuel cell stack market research: shipments are expected to reach 2931.8 MW in 2023

Hydrogen fuel cell stacks can be divided into graphite plate stacks and metal plate stacks according to the type of bipolar plates. At present, graphite plate stacks mainly occupy the market share. The hydrogen fuel cell stack market has a lot of room for development in the downstream field. The following is the development status of the hydrogen fuel cell stack industry in 2023.

The hydrogen fuel cell stack is the core of the hydrogen fuel cell system and a device for redox chemical power generation. A hydrogen fuel cell stack is composed of multiple fuel cells connected in series, and each single cell is composed of a bipolar plate and a membrane electrode. The hydrogen fuel cell stack has a crucial impact on the overall performance and cost-effectiveness of the hydrogen fuel cell system.


Thanks to the increase in domestic sales of hydrogen fuel cell vehicles, China's hydrogen fuel cell stack shipments have grown rapidly. Relevant data show that from 2017 to 2021, domestic shipments of hydrogen fuel cell stacks increased rapidly from 49.6 MW to 522.3 MW, with a compound annual growth rate of 80.1%. Reached 2931.8 MW.


With the government's support for the development of the hydrogen fuel cell industry, technological breakthroughs and further improvement in application requirements, hydrogen fuel cell stacks will further achieve large-scale production, thereby reducing production costs. It is expected that by 2023, the average price of hydrogen fuel cell stacks in China will drop to about 177 yuan/kW.


The development status of the hydrogen fuel cell stack industry According to the type of bipolar plate, fuel cell stacks can be divided into graphite plate stacks and metal plate stacks. The advantages of graphite plate stacks are corrosion resistance and long life. The main advantage of metal plate stacks is high power density. Therefore, the current high-power stacks on the market are mainly metal stacks, which are mainly used in passenger cars. Small and medium power stacks are mainly graphite plate stacks, mainly for commercial vehicles.


In terms of shipments, according to the latest data, the market size of hydrogen fuel cell stacks in China in 2022H1 is about 540 million yuan, a year-on-year increase of 15%. Among the top ten companies, graphite (composite) plate stack companies and metal The number of plate stack companies is the same as 5. Compared with the ratio of six to four openings in 2021, the shipments of metal plate stack companies are growing rapidly.


As the key components in the stack, technical barriers such as membrane electrodes and bipolar plates are relatively high. In the early days, they mainly relied on imports and the cost was high. Through capital integration, the layout of the whole hydrogen energy industry chain will reduce the cost of the stack and enhance the market competitiveness.


Overall, the increase in automobile sales has driven the rapid growth of hydrogen fuel cell stack market shipments, and the current market sales have also maintained a steady growth trend.