China's Hydrogen Market: Forecast and Trends
Key Ideas
  • China's hydrogen market is expected to see a steady upward consumption trend, with a forecasted volume of 5.5B cubic meters and a market value of $2.5B by 2035.
  • The consumption of hydrogen in China decreased in 2024, but the market showed notable growth from 2013 to 2024, with some fluctuations recorded over the years.
  • Production of hydrogen in China also experienced a decrease in 2024, with a value of $2.2B, showing temperate growth from 2013 to 2024 despite fluctuations in production volume.
  • While hydrogen imports to China decreased sharply in 2024, exports of hydrogen from China increased significantly, reaching 59K cubic meters and $248K in value.
IndexBox's recent report on China's hydrogen market analyzes the forecast, trends, and insights for the period from 2024 to 2035. The market is being primarily driven by increasing demand, with projections indicating a steady upward consumption trend. By 2035, it is expected that the market volume will reach 5.5B cubic meters, with a market value of $2.5B. Despite a decrease in hydrogen consumption and production in 2024, the overall trend from 2013 to 2024 showed growth, albeit with some fluctuations. Similarly, hydrogen imports saw a sharp decrease in 2024, with France being the main supplier. On the other hand, China's hydrogen exports experienced a significant increase to 59K cubic meters, with a value of $248K in 2024. The report highlights the economic impact of hydrogen in China, with forecasts pointing towards continued growth in the market driven by demand and consumption.
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