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
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 (%)
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 (%)
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
Table
Figures
Frequently asked questions
-
What is Asia’s active hydrogen production capacity?
The current Asian active hydrogen capacity is at 0.11 mtpa.
-
What are the key use sectors in the Asian hydrogen market?
The key use sectors in the Asian hydrogen market include transportation, iron & steel, power, synthetic fuels, fuel cells, ammonia, gas grid, and oil refining among others.
-
Which is the most common end-use sector for hydrogen produced in Asia?
Transportation is the most common end-use sector for hydrogen produced in Asia.
-
Who are the key players in the Asia hydrogen market?
The key players in the Asia 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.
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.