Middle East and Africa (MEA) Hydrogen Market Size and Analysis by Application Areas, Upcoming Projects, Policies and Key Players to 2030
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Middle East and Africa (MEA) Hydrogen Market Report Overview
The active hydrogen capacity in the MEA stood at 0.21 mtpa as of February 2024. The MEA region is emerging as a key player within the emerging hydrogen market. The region has several large-scale low-carbon hydrogen projects in the pipeline that will boost its positioning within the global hydrogen market.
Many African countries will be key contributors to the MEA’s emerging hydrogen market including Egypt, Mauritania, Morocco, and South Africa as the region capitalizes on its renewable energy resources to produce green hydrogen, both for domestic use as well as to serve markets experiencing a surge in demand, such as Europe.
Key Use Sectors | · Transportation
· Iron & Steel · Power · Ammonia · Fuel Cell |
Key Upcoming Projects | · Green Energy Oman (GEO) Al Wusta Hydrogen Plant
· Scatec ACME JV Duqm Hydrogen Project Phase 2 · H2Oman Dhofar Hydrogen Project · Saudi Neom (Neom Helios) Hydrogen Plant · QAFCO Mesaieed Hydrogen Plant |
Key Companies | · Sasol Ltd
· Acwa Power Co · Fertiglobe · Abu Dhabi National Energy Company · Global Energy Ventures Ltd |
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The MEA hydrogen market research report analyses the hydrogen market in the region. It outlines the total upcoming capacity and market size scenario in 2030, 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.
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MEA Largest Upcoming Hydrogen Projects
A few of the largest upcoming hydrogen projects in MEA are the Green Energy Oman (GEO) Al Wusta Hydrogen Plant, Scatec ACME JV Duqm Hydrogen Project Phase 2, H2Oman Dhofar Hydrogen Project, Saudi Neom (Neom Helios) Hydrogen Plant, and QAFCO Mesaieed Hydrogen Plant among others. Green Energy Oman (GEO) Al Wusta Hydrogen Plant has the highest plant capacity. Furthermore, Oman will be the foremost producer of hydrogen by 2030.
MEA Hydrogen Market Analysis by Upcoming Hydrogen Project
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MEA Hydrogen Market Segmentation by Use Sectors
In Africa’s regional hydrogen market, transportation is emerging as the foremost end-use sector for low-carbon hydrogen
The key use sectors for all active and upcoming low-carbon plants in MEA include transportation, iron & steel, power, ammonia, and fuel cells among others. In most African countries, transportation is the key demand sector accounting for a significant share of hydrogen supply by 2030. Many projects, particularly those situated strategically in marine port locations, are also gearing up to produce low-carbon fuels for the maritime sector such as South Africa’s Boegoebaai green hydrogen cluster.
Moreover, converting hydrogen into green ammonia creates an opportunity for creating energy-dense fuels that can be transported long distances.
Africa Hydrogen Market Analysis by Use Sectors (%)
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MEA Hydrogen Market – Competitive Landscape
The key companies in the MEA hydrogen market are Sasol Ltd, Acwa Power Co, Fertiglobe, Abu Dhabi National Energy Company, Saudi Arabian Oil Co, and Saudi Basic Industries Corp among others. Sasol Ltd recorded the most mentions of hydrogen in filings between 2021-2024.
MEA Hydrogen Market Analysis by Companies, 2021-2024 (%)
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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 Middle East and Africa is currently a minority player within the global hydrogen market.
- A number of countries in Africa will be key contributors to the MEA’s emerging hydrogen market. The major countries include Egypt, Mauritania, Morocco and South Africa as the region capitalizes on its renewable energy resources to produce green hydrogen.
- Qatar leads in terms of active capacity. However, it is expected to fall down the country ranking as a number of large-scale projects become operational.
- Most hydrogen producers in Africa expect to supply the transportation market. While in the Middle East, ammonia remains a prevalent end use sector with ammonia being used by a number of industries including fertilizers, cleaning products, and plastics.
- Some countries are targeting the refining sector as a way to kick start demand for hydrogen. For instance, the United Arab Emirates included refining as a key sector within its updated national hydrogen strategy published in July 2023.
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.
Intercontinental Energy Corp
National Technology Enterprises Company
OQ SAOC
ACME Cleantech Solutions Pvt Ltd
Scatec ASA
Acwa Power Co
Air Products and Chemicals Inc
Neom Co
QatarEnergy
Abu Dhabi National Oil Co
Blue Power Partners AS Copenhagen Infrastructure Partners KS
POSCO Holdings Inc
Engie SA
PTT Public Co Ltd
Samsung Engineering Co Ltd
GS Energy Corp
ADQ
Mitsui & Co Ltd
OCI NV
CPC Corp
Dutco Group of Companies
LCY Chemical Corp
Egyptian Electricity Transmission Co
New and Renewable Energy Authority
BP Plc
British International Investment plc
CWP Global
Jearrard Energy Resources Ltd
Conjuncta GmbH
Infinity
Mubdala Investment Co
Chariot Oil and Gas Ltd
Eren Groupe Sa
TotalEnergies SE
Falcon Capital
Hydrogene de France SA
ADNOC
Alstom
Saudi Arabia Railways
Masdar Clean Energy
The Boeing Company
Anglo America
BMW
Sasol
Toyota
Itochu Corp
Blue Power Partners
Hydregen Ltd
Nicholas Holdings Ltd
Thyssenkrupp Uhde GmbH
Norfund
Fertiglobe
Saudi Basic Industries Corp.
Table of Contents
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Frequently asked questions
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What is MEA’s active hydrogen production capacity as of February 2024?
The MEA active hydrogen capacity is 0.21 mtpa as of February 2024.
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What are the key use sectors in the MEA hydrogen market?
The key use sectors in the MEA hydrogen market include transportation, iron & steel, power, ammonia, fuel cells, ammonia, gas grid, and oil refining among others.
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Which will be the most common end-use sector for hydrogen produced in Africa by 2030?
Transportation will be the most common end-use sector for hydrogen produced in Africa by 2030.
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Which are the key players in the MEA hydrogen market?
The key players in the MEA hydrogen market are Sasol Ltd, Acwa Power Co, Fertiglobe, Abu Dhabi National Energy Company, Saudi Arabian Oil Co, and Saudi Basic Industries Corp among others.
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