Guided by the nation's dual carbon goals, the green hydrogen industry is entering a phase of rapid development. Competition within the sector has shifted from conceptual proposals to breakthroughs in core technologies, with the enhancement of efficiency and reduction of costs for proton exchange membrane (PEM) and alkaline electrolyser cells becoming the focal points for equipment manufacturers.

With the advancement of manufacturing and the development of emerging industries such as new energy and semiconductors, China's industrial gas market is experiencing robust demand. Compared to self-built air separation equipment, more flexible and efficient third-party on-site gas generation and retail supply models are increasingly becoming the choice for small and medium-sized industrial users, driving specialised division of labour within the gas services market.