Southeast Asia Green Hydrogen Market Research Report Forecast to 2030
Market Snapshot
The demand for green hydrogen is growing significantly in the Southeast Asia market due to the increasing use of flexible power systems and the demand for wide hydrogen applications. Green hydrogen is generated entirely by renewable energy such as solar and wind. Green hydrogen has significantly lower carbon emissions than grey hydrogen produced by steam-reforming natural gas and is 95% of the market.
Southeast Asia's green hydrogen market has been driven by growing demand for hydrogen in end-use industries and flexible power systems, allowing wide application of hydrogen. The market's growth is hampered by high production costs. However, the scaling up of technologies is a lucrative opportunity for market growth over the forecast period.
Market Segmentation
The Southeast Asia green hydrogen market has been segmented based on product, application, and country. Based on product, the Southeast Asia green hydrogen market has been segmented into Liquid H2, Gaseous H2, Methanol and other Synthetic Fuels, Ammonia, and LOHC. The ammonia segment is expected to grow at 22.3% during the forecast period. In 2020, the ammonia green hydrogen segment held a share of 29.7% of the Southeast Asia green hydrogen market.
Based on application, the Southeast Asia green hydrogen market has been segmented into Transport, Power Generation, and Industrial. The industrial segment is expected to grow at 21.13% during the forecast period. In 2020, the industrial segment held a 47.1% share of the Southeast Asia green hydrogen market.
Country Specific Analysis
The Southeast Asia green hydrogen market has been segmented, based on country, into Singapore, Malaysia, Thailand, Philippines, Cambodia, Vietnam, Indonesia, and the Rest of Southeast Asia.
Malaysia considers hydrogen a potential alternative fuel source for the energy sector. The government has launched several projects to mitigate the effects of climate change, including the exploration of energy alternatives to fossil fuels. Hydrogen is currently regarded as the most promising alternative energy carrier globally. The bulk of hydrogen is currently used in heavy industries, including oil refinery processes and the production of methanol, ammonia, and iron and steel.
Major Players
Sarawak Energy, Pertamina, PTT, HDF Energy, Toshiba Energy System & Solution Corp, SP group are the major players in the Southeast Asia green hydrogen market.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Companies Mentioned
Sarawak Energy
Pertamina
PTT
HDF Energy
Toshiba Energy System & Solution Corp
SP group
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook