Hydrogen Transition Market Outlook and Trends, Deals, Contracts, Policies, Projects and Key Players, Q2 2024

The global total active and pipeline capacity of low-carbon hydrogen currently stands at over 204mpta, with 15 new hydrogen projects announced in Q1 2024 adding over 350ktpa of capacity.

To date, the total active and pipeline capacity of low carbon hydrogen reaches just under 204mtpa, of which 92% and 8% comes from green and blue plants, respectively, and just 0.08% from purple and turquoise combined.

Over 171 mtpa comes from feasibility stage projects (those that are announced or in feasibility studies). Of these feasibility projects, almost 95% are green and 5% are blue.

Post-feasibility projects (projects within the FEED, approval, construction, and commissioning stages) add another 31mtpa to the total capacity.

The pipeline of upcoming green projects represents 1,374 GW of electrolyzer capacity, while upcoming blue projects would incorporate over 106 millions tonnes of CCS capacity.

In Q1 2024, 7 countries announced new low carbon hydrogen plants, with 3 countries also indicating the capacity of the projects. India was the chief contributor to announced capacity, adding 320ktpa across the quarter. As a result, India now ranks fifth globally in terms of active and upcoming capacity.

This quarter announced capacity showed a strong increase from the previous quarter, where 141ktpa of capacity was announced. However, project announcements have still significantly slowed when compared to Q1 2023, where 3.9mtpa of capacity was announced.

Scope

Hydrogen quarterly changes, Q1 2024.

Total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity, countries and regions.

Trends over deals, partnerships, and M&A .

Global policy support and financial incentives.

Reasons to Buy

Identify the last market trends by quarter and key players in hydrogen technologies.

Develop market insight concerning current, in development and announced capacity and latest trends of the sector.

Understand the different scenarios for 2030 based on the likeliness of the projects.

Gain an understanding of how and where the market is growing as hydrogen rapidly scales, becoming a key topic on the international agenda.