EAC Hydrogen Series: The Pulse of the Global Hydrogen Economy

EAC's Insight on the Global Hydrogen Market

The global hydrogen market is undergoing a significant transformation, driven by an exponential increase in demand for green hydrogen. At the heart of this shift is the growing influence of Chinese electrolyzer manufacturers. Once primarily serving traditional domestic industries, these companies have now become a major force in the global market, with their shipment volume experiencing a staggering 91% compound annual growth rate (CAGR) from 2019 to 2023.

This rapid expansion is fueled by their strategic shift to addressing the demand from international green hydrogen projects. This has created an increasingly fierce competitive landscape. As Chinese companies expand their international presence, by building factories in Europe and the Middle East, for example, international players face a new challenge. The core of the story is the choice between two strategic paths: "Fortification," which focuses on internal optimization and efficiency, and "Collaboration," which leverages partnerships and integration with the Chinese supply chain.

Our analysis, based on detailed data and market trends, can be accessed here.

We provide the expertise and support needed to understand the competitive dynamics of hydrogen electrolyser players, identify partnership opportunities, and optimize products for this new competitive era.

Daniel Berger and Cui Guan can be contacted for better reach and insights.