The fuel cell air compressor market is undergoing new changes!
author: JY
2023-08-30
he fuel cell air compressor market is undergoing new changes! On the one hand, with the increasing number of enterprises entering the air compressor field, the market concentration has begun to decline; On the other hand, in terms of technology, influenced by the diversified expansion of fuel cells, air compressor companies are also expanding their product application scenarios to search for incremental markets, especially for high-power, almost collective expansion engines. Some people refer to 2023 as the first year of expansion engines.
What new forces have emerged in the air compressor market? What specific changes have taken place in the original market structure as a result of this? Why are expanders so popular, what stage is this new technology currently in use in China, and when is it expected to be applied on a large scale?
What new forces have emerged in the air compressor market? What specific changes have taken place in the original market structure as a result of this? Why are expanders so popular, what stage is this new technology currently in use in China, and when is it expected to be applied on a large scale?
New Changes in the Air Compressor Market
The air compressor is the "lung" of the fuel cell system, and its importance is self-evident. For several consecutive years, in the context of the national promotion of fuel cell development, the overall shipment volume of domestic air compressors has been rapidly increasing. However, since last year, this market state has begun to change.
According to research data from GGII, the domestic shipment of hydrogen fuel cell air compressors exceeded 10000 units in 2022, with a slight increase compared to 2021. The specific reason is mainly due to the epidemic. At the end of the previous year, most enterprises hoarded a large amount of goods to prepare for batch installation in 2022. However, due to the slow implementation of the epidemic and policies in 2022, the hoarding was not digested in a timely manner, which subsequently affected the annual shipment volume.
Although the cake in the air compressor market has not increased, the number of enterprises entering this field is still increasing. According to data, new forces such as Jinlingtong, Xiling Power, and Zhongyuan Internal Distribution are accelerating their deployment in the domestic air compressor market. Weichai Power and Swiss Rapid Group are promoting the design of domestically produced air compressors. Foreign brands are also seizing market share in the domestic market, and Schbenders has entered the domestic market. Air compressor products cover an input power of 2KW~30kW and can match 10kW~180kW systems.
The combination of multiple factors has led to two significant characteristics in the domestic air compressor market:
Firstly, market competition is becoming more intense, leading to serious internal competition among enterprises. It is reported that many manufacturers have already put their product prices upside down in order to win orders.
Selling at material prices, causing costs to hang 50% upside down, is becoming a norm in the air compressor industry
The air compressor is the "lung" of the fuel cell system, and its importance is self-evident. For several consecutive years, in the context of the national promotion of fuel cell development, the overall shipment volume of domestic air compressors has been rapidly increasing. However, since last year, this market state has begun to change.
According to research data from GGII, the domestic shipment of hydrogen fuel cell air compressors exceeded 10000 units in 2022, with a slight increase compared to 2021. The specific reason is mainly due to the epidemic. At the end of the previous year, most enterprises hoarded a large amount of goods to prepare for batch installation in 2022. However, due to the slow implementation of the epidemic and policies in 2022, the hoarding was not digested in a timely manner, which subsequently affected the annual shipment volume.
Although the cake in the air compressor market has not increased, the number of enterprises entering this field is still increasing. According to data, new forces such as Jinlingtong, Xiling Power, and Zhongyuan Internal Distribution are accelerating their deployment in the domestic air compressor market. Weichai Power and Swiss Rapid Group are promoting the design of domestically produced air compressors. Foreign brands are also seizing market share in the domestic market, and Schbenders has entered the domestic market. Air compressor products cover an input power of 2KW~30kW and can match 10kW~180kW systems.
The combination of multiple factors has led to two significant characteristics in the domestic air compressor market:
Firstly, market competition is becoming more intense, leading to serious internal competition among enterprises. It is reported that many manufacturers have already put their product prices upside down in order to win orders.
Selling at material prices, causing costs to hang 50% upside down, is becoming a norm in the air compressor industry
Air compressor practitioners say that even so, it is not easy for air compressor companies to obtain orders because it is increasingly difficult for air compressors to gain customer recognition. The increase in air compressor companies has given system manufacturers more room to choose from. The phenomenon of industry insiders has emerged.
Secondly, the highly concentrated market situation has begun to loosen. For a long time, Kingston and Sigatoubo have been the main suppliers of fuel cell air compressor products in China, with a market share of over 90%. The latest market research shows that the market share of the two major enterprises is still the main share, but as more enterprises seize market share, the originally highly concentrated market pattern has begun to change.
The industry is still in the early stages of industrialization, and the market's acceptance of new participants is still relatively strong. The competition pattern will inevitably go through a cycle of 'concentration, dispersion, and re concentration'. The new companies entering the air compressor market have accelerated this cycle, gradually moving the market from the original 'concentration' to a temporary 'dispersion', "observed another person in charge of an air compressor enterprise.
The industry is still in the early stages of industrialization, and the market's acceptance of new participants is still relatively strong. The competition pattern will inevitably go through a cycle of 'concentration, dispersion, and re concentration'. The new companies entering the air compressor market have accelerated this cycle, gradually moving the market from the original 'concentration' to a temporary 'dispersion', "observed another person in charge of an air compressor enterprise.
Eliminate price fraud in air compressors
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Eliminate price fraud in air compressors