【市场趋势】绿氢政策全面落地，制氢DCDC模块迎来爆发窗口期

全国各地绿氢扶持政策密集出台，风光制氢示范项目批量落地，化工、钢铁、炼化等高耗能行业加速替代灰氢，光伏制氢产业正式从示范试点迈入规模化发展阶段。

Supportive green-hydrogen policies are rolled out across China. Wind-PV-to-hydrogen demonstration projects are commissioned in batches. Energy-intensive sectors including chemical, steel and refining industries are accelerating grey-hydrogen substitution. The PV-hydrogen industry is formally transitioning from pilot demonstrations toward large-scale development.

随着产业升级，行业对制氢设备的效率、稳定性、定制化能力要求大幅提升。传统通用电源模块无法适配电解槽宽工况、高精度工作需求，专用大功率制氢DCDC模块成为项目标配，市场需求快速扩容。

Along with industrial upgrading, the industry imposes much higher requirements on efficiency, reliability and customization capability for hydrogen-production hardware. Conventional general-purpose power modules cannot satisfy wide-range and high-precision operating demands of electrolyzers. Dedicated high-power hydrogen-production DCDC modules have become project standard equipment with rapidly expanding market demand.

当前绿氢行业处于成本下行、产能上行的关键阶段，高效率DCDC模块作为降本增效的核心设备，市场渗透率持续提升。未来随着大型风光制氢基地全面开工，大功率定制化制氢DCDC模块将迎来订单爆发式增长，赛道红利持续释放。
The green-hydrogen sector is now at a critical phase of falling costs and rising production capacity. As core cost-and-efficiency-improvement hardware, high-efficiency DCDC modules see rising market penetration. As large-scale wind-PV-hydrogen bases start full-scale construction, high-power customized hydrogen-production DCDC modules will experience order explosion and unlock sustained sector dividends.