Global Hydrogen Outlook and Trends: Q4 2024 Analysis
Key Ideas
- 12 new hydrogen plants announced globally in Q3, with Australia leading the largest project.
- 79% of announced hydrogen capacity is in the feasibility stage, showing growth trends.
- Activity tends to slow down towards year-end due to fiscal planning, with North America dominant in capacity.
- Increasing mega-project participation noted from MEA and APAC regions, reflecting industry expansion.
The 'Hydrogen Transition Outlook and Trends Q4 2024' report offers a comprehensive analysis of global hydrogen developments. In Q3 2024, there were 12 new hydrogen plant announcements across 9 countries. Australia led with the largest project. While there was a slight decrease in announced capacity compared to the previous quarter, overall growth from the previous year was evident. The majority of announced capacity is in the feasibility stage, with North America holding the dominant position in overall capacity. Europe leads in post-feasibility projects. The report highlights nearly 175mtpa of announced capacity, with a focus on low-carbon hydrogen, despite a marginal decline in growth from the previous quarter. The end of the year typically sees a slowdown in project activity due to fiscal year-end planning. Recent trends show an increase in mega-project involvement from the MEA and APAC regions. The report covers various aspects such as breakdowns by development stage, top capacities per country, key players, and upcoming low-carbon hydrogen projects. It also provides insights into deal trends, social media analysis, and country-specific hydrogen policies. The market insights aim to help stakeholders identify trends, understand capacity scenarios, and track market growth as hydrogen technologies become increasingly prominent on the global agenda.
Topics
Projects
Market Trends
Energy Transition
Low-carbon
Mega Projects
Capacity Growth
Feasibility Stage
International Agenda
Social Media Analysis
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