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

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Asia Hydrogen Market Report Overview

The current Asian active hydrogen capacity is at 0.11 mtpa. Asia aims to develop a clear strategy for how to promote hydrogen use in the transportation, power, and other hard-to-abate sectors such as iron and steel industries. The use of renewable hydrogen is seen as a key lever for the decarbonization of hard-to-decarbonize sectors. Asia is positioned as one of the major regions looking to import a significant capacity of clean hydrogen and ammonia. The region has ambitious plans for the use of clean hydrogen and ammonia across multiple sectors, especially power and transportation.

Key Use Sectors ·        Transportation

·        Iron & Steel

·        Power

·        Synthetic Fuels

·        Fuel Cell

Key Upcoming Projects ·        Fortescue Future Industries North Kalimantan Hydrogen Project

·        NTPC Pudimadaka Hydrogen Project Phase 1

·        Beijing Jingneng Power Eqianqi Hydrogen Plant

·        Elixir Energy Gobi H2 Hydrogen Project

·        Dhirubhai Ambani Green Energy Giga Jamnagar Hydrogen Plant

Key Companies ·        Ballard Power Systems Inc

·        Hyzon Motors Inc

·        Beijing SinoHytec Co Ltd

·        Verdant Earth Tech Ltd

·        Global Energy Ventures Ltd

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

The Asia hydrogen market research report offers a detailed hydrogen market analysis in the region. The report outlines total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity. The report also offers insights into the demand for hydrogen across different application sectors with national and regional policy support and financial incentives.

Buy the Full Report for More Insights into the Asia Hydrogen Market
Download a Free Sample Report

Asia’s Largest Upcoming Hydrogen Projects

A few of the largest upcoming hydrogen projects in Asia are the Fortescue Future Industries North Kalimantan Hydrogen Project, NTPC Pudimadaka Hydrogen Project Phase 1, Beijing Jingneng Power Eqianqi Hydrogen Plant, Elixir Energy Gobi H2 Hydrogen Project, and Dhirubhai Ambani Green Energy Giga Jamnagar Hydrogen Plant among others. The Western Green Energy Hydrogen Plant is Asia’s largest hydrogen production facility. The plant has a capacity of 650ktpa and is at its feasibility stage. It is expected to commission operations by 2026.

Asia Hydrogen Market Analysis by Upcoming Hydrogen Project

Asia Hydrogen Market Analysis by Upcoming Hydrogen Project

Buy the Full Report for More Insights on Upcoming Hydrogen Projects in the Asia Hydrogen Market, Download a Free Sample Report

Asia Hydrogen Market Segmentation by Use Sectors

Transportation is the most common end-use sector for hydrogen produced in Asia in 2023

The key use sectors for all active and upcoming low-carbon plants in Asia include transportation, iron & steel, power, synthetic fuels, fuel cells, ammonia, gas grid, and oil refining among others. Transportation will continue to be the largest end-use sector by hydrogen production capacity. Hydrogen is likely to be competitive for light vehicles and buses by the end of the decade. Countries such as Japan, China, South Korea, and India are investing in low-carbon hydrogen and hydrogen-derived fuels as potential alternatives to fossil fuels in the maritime and aviation sectors.

Asia Hydrogen Market Analysis by Use Sectors, 2023 (%)

Asia Hydrogen Market Analysis by Use Sectors, 2023 (%)

Buy the Full Report for More Insights on Use Sectors in the Asia Hydrogen Market
Download a Free Sample Report

Asia Hydrogen Market – Competitive Landscape

The key companies in the Asian hydrogen market are Ballard Power Systems Inc, Hyzon Motors Inc, Beijing SinoHytec Co Ltd, Verdant Earth Tech Ltd, Lion Energy Ltd, and Toyota Motor Corp among others. Ballard Power Systems Inc recorded the most mentions of hydrogen in filings between 2020-2023.

Asia Hydrogen Market Analysis by Companies, 2023 (%)

Asia Hydrogen Market Analysis by Companies, 2023 (%)

Buy the Full Report for More Insights on Companies in the Asia Hydrogen Market
Download a Free Sample Report

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.

Key Highlights

  • The region is in an urgent need to accelerate transition strategies across sectors as a way to achieve climate global goals. This can position hydrogen development as one of the solutions to accomplish the targets. However, there is still a lack of strong political support in most countries.
  • Asia is positioned as one of the major regions looking to import great capacity of clean hydrogen and ammonia. The region has ambitious plans for the use of clean hydrogen and ammonia across multiple sectors, especially power and transportation.
  • Hydrogen accounts for a 4% share of the global capacity.

Reasons to Buy

  • Identify the market trends within the country and key players in hydrogen technologies.
  • Get actionable market insights from data on current and development announced capacity, and latest trends in the sector.
  • Understand the region’s different scenarios for 2030 based on the likeliness of the projects.
  • Get a sneak peek into the demand in key application areas in the region.
  • Understand how and where the market is growing because it is rapidly scaling up to position as one of the main topics of international and national agendas.

Table of Contents

  • 1 Overview

    • 1.1 Executive summary
    • 1.2 Snapshot of the low carbon hydrogen market

  • 2 Low Carbon Hydrogen Market

    • 2.1 Asia in a global context
    • 2.2 Leading countries in the hydrogen market
    • 2.3 Largest upcoming projects globally
    • 2.4 Largest upcoming projects in Asia
    • 2.5 Asian Hydrogen Capacity in high and low scenarios
    • 2.6 Low carbon hydrogen competitiveness drivers
    • 2.7 Major barriers for low carbon hydrogen deployment

  • 3 Demand in Key Application Areas

    • 3.1 Current hydrogen targets across Asian countries
    • 3.2 Key Asian Countries Demand and Focus
    • 3.3 Intended use sectors for Asian hydrogen
    • 3.4 Transportation
    • 3.5 Iron & Steel
    • 3.6 Ammonia & chemicals
    • 3.7 Natural Gas & Gas Blending
    • 3.8 Refining
    • 3.9 Hydrogen Sector Challenges

  • 4 Policies, Projects, and Key Players

    • 4.1 Regional Policies on Hydrogen
    • 4.2 Funding and Financial Support
    • 4.3 Asian hydrogen deal activity
    • 4.4 Key players

Table

Table 1: Asia’s largest upcoming hydrogen projects 10

Table 2: Major barriers for low carbon hydrogen deployment 13

Table 3: Key Asian Countries Demand and Focus 16

Table 4: Main Low Carbon Hydrogen projects for Iron & Steel Use 20

Table 5: Iron & Steel activity in Asia 20

Table 6: Main Low Carbon Hydrogen projects for Ammonia Supply 22

Table 7: Ammonia goals 22

Table 8: Gas blending projects in Asia 23

Table 9: Main Hydrogen Blending Targets in Asia 24

Table 10: Pipeline activity in Asia 24

Table 11: Regional Policies on Hydrogen 28-29

Table 12: Funding and Financial Support 30

Table 13: Asian companies highlighting hydrogen 32

Figures

Figures 1: Global and regional highlights 5

Figures 2: Asia’s and Global Low-Carbon Hydrogen Capacity by Development Stages, mtpa 7

Figures 3: Top Asian countries by low carbon hydrogen production capacity, 2022 – 2030 8

Figures 4: Top Asian countries total low-carbon hydrogen capacity by development stage 8

Figures 5: World’s largest upcoming hydrogen projects 9

Figures 6: Asia’s green hydrogen capacity scenarios, mtpa 11

Figures 7: Average LCOE in Asia (Japan, China, India, Korea) 12

Figures 8: Green Hydrogen Targets on Main Asian Countries 15

Figures 9: Electrolyser Targets on Main Asian Countries 15

Figures 10: Target use sectors for low-carbon hydrogen plants 17

Figures 11: Asia Ammonia Market 21

Figures 12: Asia’s share of chemicals demand, 2022 – 2030 21

Figures 13: Asian natural gas demand by sector, bcm 23

Figures 14: Asian Refining Capacity by Country 25

Figures 15: Asian hydrogen deals 31

Figures 16: Companies with Most Mentions of Hydrogen in Filings in Asia 32

Frequently asked questions

Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030 standard reports
Currency USD
$2,500

Can be used by individual purchaser only

$7,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030 in real time.

  • Access a live Asia Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.