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Asia Hydrogen Market Outlook

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    Report

  • 33 Pages
  • December 2023
  • Region: Asia Pacific
  • GlobalData
  • ID: 5923756
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 decarbonisation of hard-to-decarbonise sectors.

Key Highlights

The region is in an urgent need to accelerate transition strategies across sectors as a way to achieve climate global goals which can positioned hydrogen development as one of the solutions to accomplish the targets, still lacking of strong political support on most of the countries.

Asia is positioned now as one of the major areas looking to import great capacity of clean hydrogen and ammonia, having ambitious plans for its use across multiple sectors specially power and transportation.

Hydrogen accounts for a 4% share of the global capacity.

Scope

  • Hydrogen regional 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

Reasons to Buy

  • Identify the market trends within the region and key players in hydrogen technologies.
  • Develop market insight of current, in development and announced capacity and latest trends of the sector.
  • Understand the region's different scenarios for 2030 based on the likeliness of the projects.
  • Look at the demand in key application areas for the country.
  • Facilitate the understanding on how and where the market is growing as it is rapidly scaling up to position as one of the main topics of the international and national agenda.

Table of Contents

1. Overview
1.1 Executive Summary
1.2 Regional Snapshot
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. Political, Economical Perspective & Key Players
4.1. Leading Asian Hydrogen Policies
4.2 Funding and Financial Support
4.3 Asian hydrogen deal activity
4.4 Key players
List of Tables
  • 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
List of 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