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

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 (%)

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 (%)

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.

Shell plc
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

  • 1. Overview

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

  • 2. Low Carbon Hydrogen Market

    • 2.1. Middle East and Africa in a global context
    • 2.2. Leading countries in the hydrogen market
    • 2.3. Largest upcoming projects globally
    • 2.4. Largest upcoming projects in the MEA region
    • 2.5. MEA 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 MEA countries
    • 3.2. Key MEA Countries Demand and Focus
    • 3.3. Intended use sectors for 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
  • 5. Regional Policies on Hydrogen
  • 6. Funding and Financial Support
  • 7. MEA hydrogen deal activity
  • 8. Key players

Table

Largest active and upcoming hydrogen plants in the Middle East

Largest upcoming hydrogen plants in Africa

Major barriers for low carbon hydrogen deployment

Key MEA countries production targets and demand focus

Main low-carbon hydrogen projects for iron and & steel use

Main Companies Involved in developing low-carbon hydrogen projects for chemicals end use in the MEA region

Main Low Carbon Hydrogen projects for Ammonia Supply

Gas blending projects in Middle East and Africa

Upcoming hydrogen pipelines in Middle East and Africa

Hydrogen policy – Middle East

Hydrogen policy – Africa

Initiatives, funding and financial support

Figures

A quick snapshot of low-carbon hydrogen capacity

MEA vs global low carbon hydrogen capacity by development stage

Top countries in the MEA region by hydrogen capacity, 2022 – 2030

Top countries in MEA region by low carbon hydrogen capacity and development stage

World’s largest upcoming hydrogen projects

MEA low carbon hydrogen capacity scenarios, 2023 – 2030

Middle East levelized cost of energy (LCOE)

Africa levelized cost of energy (LCOE)

Intended use sectors for hydrogen produced in Africa

Target end use sectors for low-carbon hydrogen plants in the Middle East

MEA maximum low carbon hydrogen production capacity for steel sector, 2021 – 2030

Middle East and Africa ammonia supply, 2020 – 2030

Middle East and Africa ammonia and methanol demand, 2020 – 2030

MEA region Low carbon ammonia production capacity, 2020 – 2030

Middle East and Africa natural gas demand by sector, bcm

Middle East and Africa Refining Capacity by Country

MEA region hydrogen deals

Companies with the most mention of hydrogen in their corporate filings in the MEA region, 2021 – Jan 2024

Frequently asked questions

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