How can hydrogen ride the sustainability wave?
The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen).
As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen.
While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market.
While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries.
GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
- Hydrogen value chain
- Demand drivers
- Key application areas
- Technology trends
Read this report and formulate winning strategies for your business.