Hydrogen Market Growth Driven by Rising Shift toward Green Hydrogen | GlobalData Plc
GlobalData Plc, a leading business intelligence and analytics solutions provider, has released an in-depth report titled Low-Carbon Hydrogen Market. This groundbreaking report presents a comprehensive overview of the industry, shedding light on key trends, challenges, and opportunities that lie ahead. As the world strives to achieve sustainable energy goals, the hydrogen market is poised for unprecedented growth.
| Market Size (2022) |
1,698 ktpa |
| Key Processes |
Steam Methane Reforming (SMR), Autothermal Reforming Biomass Reforming, Electrolysis, Photo Electric Chemical (PEC) Water Splitting, Thermochemical Water Splitting, Biomass Gasification, Coal Gasification, And Methane Pyrolysis |
| Key Energy Source |
Natural Gas, Solar, Wind, Hybrid, Biomass, Geothermal, Hydro Energy, and Tidal |
| Key End-Product |
Hydrogen, Ammonia, Liquified Hydrogen, Methane, and Methanol |
| Leading Players |
Green Hydrogen International, H2 Clean Energy, Intercontinental Energy Corp, and Fortescue Future Industries Pty Ltd |
For more insights on the hydrogen market forecasts, read our free sample report
Hydrogen Market Overview:
The hydrogen market is undergoing a transformative shift as governments, industries, and consumers increasingly recognize its potential as a clean and versatile energy source. GlobalData Plc’s latest research indicates that the low-carbon hydrogen production capacity was 1,698 ktpa in 2022. The report also predicts the market to reach 1,11,326 ktpa in by 2030.
Key Findings:
- Rising Demand for Clean Energy Solutions: The urgent need to reduce greenhouse gas emissions and combat climate change has fueled the demand for clean energy alternatives. Hydrogen, with its high energy density and zero-emission properties, presents a compelling solution for various sectors, including transportation, power generation, and industrial applications.
- Technological Advancements: Ongoing advancements in hydrogen production, storage, and transportation technologies are facilitating the wider adoption of hydrogen-based solutions. From electrolysis to carbon capture and storage, innovative processes are making hydrogen production more efficient, cost-effective, and environmentally friendly.
- Infrastructure Development: Significant investments are being made to develop robust infrastructure to realize the full potential of hydrogen as an energy source. Governments worldwide are ramping up efforts to establish hydrogen refueling stations, build pipelines, and enhance storage capabilities, creating a conducive environment for market growth.
- Collaborative Initiatives: Industry players are joining forces to accelerate the development and commercialization of hydrogen technologies. Collaborative partnerships and strategic alliances are fostering knowledge sharing, research and development, and the establishment of global standards, further propelling the hydrogen market forward.
Get access to the full report with key hydrogen market findings in this PDF sample
Hydrogen Market Scope Analysis
- Low-carbon Hydrogen Market Process Outlook (2022-2030)
- Steam Methane Reforming (SMR)
- Autothermal Reforming Biomass Reforming
- Electrolysis
- Photo Electric Chemical (PEC) Water Splitting
- Thermochemical Water Splitting
- Biomass Gasification
- Coal Gasification
- Methane Pyrolysis
- Low-carbon Hydrogen Market Energy Source Outlook (2022-2030)
- Natural Gas
- Solar
- Wind
- Hybrid
- Biomass
- Geothermal
- Hydro Energy
- Tidal
- Low-carbon Hydrogen Market End-Product Outlook (2022-2030)
- Hydrogen
- Ammonia
- Liquified Hydrogen
- Methane
- Methanol
- Low-carbon Hydrogen Market Technology Outlook (2022-2030)
- Natural Gas W/O CCUS
- Natural Gas W CCUS
- Coal W/O CCUS
- Coal W CCUS
- Onshore Wind
- Offshore Wind
- Solar PV
- Nuclear
Download a free sample report PDF for additional segment-wise insights
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