Global Hydrogen Supply
Global hydrogen supply reaches 97 million tons (Mt H₂) in 2023, up 2.5% year-on-year. Among them, China accounts for nearly 30% of global hydrogen production, followed by the United States and the Middle East (14% each), and India accounts for 9%. Global production is expected to be close to 100 million tons by the end of 2024.
Although global hydrogen demand is increasing year by year, most hydrogen is still concentrated in traditional applications such as refining and chemicals, and most of the production comes from unabated fossil fuels. By the end of 2024, global hydrogen production is expected to be close to 100 million tons. However, less than 1 million tons of hydrogen comes from low-emission production methods, indicating that the popularity of low-emission hydrogen is still limited.
Hydrogen production by water electrolysis
- By the end of 2023, the global installed capacity of hydrogen production by water electrolysis reached 1.4GW, and may reach 5GW by the end of 2024. China is in a leading position in investment decisions for water electrolysis projects, and is expected to account for 70% of the global total capacity in 2024. By 2030, global electrolyser capacity is expected to increase to 520GW.
- In 2023, electrolyser capacity increased by 6.5GW, with China accounting for 40% and Europe accounting for 32%. Despite rapid growth in Europe, some projects have been cancelled due to demand uncertainty, regulatory barriers, financing difficulties, etc. It is predicted that by the end of 2024, China will account for three-quarters of the new capacity that may be put into operation, increasing its share of global capacity from 55% in 2023 to nearly 70%. If all projects are completed on time by the end of the year, Europe and the United States will account for 15% and 6% of global installed capacity respectively.
Fossil Fuels and Carbon Capture Utilization and Storage (CCUS)
It is expected that by 2030, low-emission hydrogen produced through CCUS technology may reach 11 Mtpa. In 2024, 2 Mt of low-emission hydrogen production projects have been put into operation or reached the FID stage worldwide.
Hydrogen production by electrolysis of water is the most advantageous method for producing hydrogen. Utrasonic coating systems are ideal for spraying carbon-based catalyst inks onto electrolyte membranes used for hydrogen generation. This technology can improve the stability and conversion efficiency of the diaphragm in the electrolytic water hydrogen production device. Cheersonic has extensive expertise coating proton exchange membrane electrolyzers, creating uniform, effective coatings possible for electrolysis applications.
Cheersonic ultrasonic coating systems are used in a number of electrolysis coating applications. The high uniformity of catalyst layers and even dispersion of suspended particles results in very high efficiency electrolyzer coatings, either single or double sided.
About Cheersonic
Cheersonic is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive.
Our coating solutions are environmentally-friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.
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