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Asia Pacific Green Hydrogen Market Trends

Report ID: GMI11552
Published Date: Sep 2024
Report Format: PDF

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Asia Pacific Green Hydrogen Market Trends

Active research and development, coupled with technological advancements, are paving the way for innovative and efficient solutions in green hydrogen production, driving the industry trends. Close collaboration among key industry players is set to amplify clean hydrogen production, positively influencing the market dynamics. Furthermore, the escalating demand for decarbonization across sectors, paired with stringent government measures to combat rising emissions, is set to bolster the business landscape. Pivot towards cost-effective and efficient clean hydrogen production, alongside a surge in manufacturing facilities, is poised to fortify the growth of the hydrogen economy across diverse economies.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

Asia Pacific market for green hydrogen was worth over USD 4.23 billion in 2023 and is anticipated to grow at a 33.5% CAGR through 2032, due to ongoing adoption of green hydrogen in sectors including industry, transportation, aviation, and mobility.

Asia Pacific green hydrogen market from the solid oxide technology segment is anticipated to exceed USD 1.1 billion by 2032, owing its ability to operate at high temperatures, high efficiency, integration with industries that generate large amounts of heat including refineries and waste-to-energy plants.

China green hydrogen market is set to reach more than USD 20 billion by 2032, driven by national policies aimed at achieving carbon neutrality by 2060.

Air Products, ACME, Air Liquide, Cummins, Iwatani Corporation, Kawasaki Heavy Industries, and Linde