Summary
The demand for hydrogen was estimated at 87.22 million tons in 2022, and this is projected to jump eight-fold by 2050. By then, hydrogen is likely to constitute at least 11% of energy use, globally. Currently, refineries and chemical industries are the main consumers of hydrogen, but the user base is seeing rapid expansion. This white paper is informed by insights from procurement professionals in the energy sector and delves into the following aspects of the rapidly emerging hydrogen landscape:
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- Potential of clean hydrogen energy between now and 2030
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- Countries and businesses in the race to commercialize hydrogen energy
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- Hydrogen price points across locations
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- Key players in the alkaline water electrolyzer (ALK) segment, country-wise
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- Top market participants in the polymer electrolyte membrane (PEM) market, country-wise
