Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players, 2023-2030

Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players, 2023-2030

Summary

Asia’s need to accelerate transition strategies across sectors as a way to achieve climate global goals, have positioned hydrogen development as a major solution to accomplish the targets.The region is positioned now as the major economy with upcoming capacity, having ambitious plans for importing green hydrogen and support green ammonia production.

Asia aims to develop a clear strategy for how to promote hydrogen use in the transportation, power, and other hard-to-abate sectors like the iron and steel industries. The use of renewable hydrogen is seen as a key lever for the decarbonisation of hard-to-decarbonise sectors.

Key Highlights

The region is in an urgent need to accelerate transition strategies across sectors as a way to achieve climate global goals which can positioned hydrogen development as one of the solutions to accomplish the targets, still lacking of strong political support on most of the countries. 

Asia is positioned now as one of the major areas looking to import great capacity of clean hydrogen and ammonia, having ambitious plans for its use across multiple sectors specially power and transportation.

Hydrogen accounts for a 20% share of the global capacity.

Scope

• Hydrogen country market analysis
• Total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity.
• Demand across different application sectors .
• National and regional policy support and financial incentives

• Identify the market trends within the country and key players in hydrogen technologies.
• Develop market insight of current, in development and announced capacity and latest trends of the sector.
• Understand the country's different scenarios for 2030 based on the likeliness of the projects.
• Look at the demand in key application areas for the country.
• Facilitate the understanding on how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.