Hydrogen is the most abundant naturally occurring element in the universe which can be produced at a large scale using renewable energy. It is emerging as an efficient and alternate fuel and will play a key role in achieving the climate pledge of net zero emissions by 2050. As hydrogen has potential applications in several sectors, its demand is increasing day and day, which is inadvertently causing an abrupt increase in the production of hydrogen. Several hydrogen valleys have been announced around the world which when completed, will play a major role in meeting the global hydrogen demand. Several countries around the world have come up with policy frameworks termed national hydrogen strategies to support and accelerate the adoption of hydrogen technologies. As the hydrogen economy continues to grow globally, not only the existing players are expanding their footprint in the hydrogen value chain but also new players are entering the market, therefore, it is imperative to understand the capabilities of companies involved in the hydrogen value chain.
‘The Global Hydrogen Market Outlook Report’ provides a holistic overview of the hydrogen market across the world. The report is divided into four sections: Hydrogen Market Overview, National Hydrogen Strategies, Hydrogen Valleys, and Company Profiles. It provides a global outlook of the hydrogen market, covering Asia-Pacific (APAC), Europe, Middle-East and Africa (MEA), and the North and South American regions. 29 National Hydrogen Strategies, 39 Hydrogen Valleys and 10 company profiles each of electrolyzer, compressor, and fuel cell manufacturers have been highlighted in the report along with a detailed analysis of the entire value chain of hydrogen from hydrogen production to its end-use.
Facts/Data points:
- Project completions involving electrolyzer installations for energy purposes reached an estimated 65 MWe globally in 2020 and grew exponentially to 286 MWe in 2021.
- Planned small-scale projects pipeline in almost 30 countries indicate global electrolyzer capacity could reach approximately 17 GW by 2026.
- Planned large-scale projects pipeline indicates that global electrolyzer capacity could reach 8.7 GW by 2026.
- If planned projects are commissioned by 2026, China, Chile, Spain, and Australia could together bring 85% of the additional 18 GW of renewable capacity dedicated to green hydrogen production.
- Within Europe there are over 750 announced projects from all parts of the value chain that are expected to enter operation by 2025.
- Global hydrogen demand has increased with a CAGR of 2% from 60 Mt to 90 Mt since the start of this century.
- Global hydrogen demand from all sources of hydrogen production is expected to be approximately 500 Mt by 2050.
- The European continent leads other regions when it comes to published national hydrogen strategies as 18 countries in the European continent have published their respective national hydrogen strategy.
- Europe is followed by APAC (5), the Americas (4), and Middle East and African (2) regions.
- There are 39 hydrogen valleys in 21 countries around the world.
- Hydrogen Valleys act as a platform for the emerging hydrogen economy with 97% of the hydrogen production being focused on producing hydrogen through electrolysis using renewables.
- Polymer Electrolyte Membrane (PEM) technology is the most employed electrolysis technology for green hydrogen production in these valleys which makes up 50% of the total share followed by Alkaline electrolysis technology at 13%.
- 88% of the hydrogen produced in these valleys is preferred to be stored in the form of compressed hydrogen gas or liquid hydrogen.
- 85% of hydrogen will be transported through trucks and pipelines whereas 50% of it will be used in chemical, refinery, and steel industries whereas the rest of it is expected to be used in other industries such as mobility, power generation, etc.
Countries Covered:
1. Global
2. Americas
- i. Canada
- ii. Chile
- iii. Colombia
- iv. Uruguay
- v. USA
3. Asia-Pacific (APAC)
- i. Australia
- ii. China
- iii. India
- iv. Japan
- v. New Zealand
- vi. South Korea
5. Middle-East and Africa (MEA)
- i. Morocco
- ii. South Africa
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4. Europe
- i. Austria
- ii. Belgium
- iii. Czech Republic
- iv. Denmark
- v. Finland
- vi. France
- vii. Hungary
- viii. Italy
- ix. Netherlands
- x. Norway
- xi. Poland
- xii. Portugal
- xiii. Russia
- xiv. Slovakia
- xv. Spain
- xvi. Sweden
- xvii. United Kingdom
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