Navigating the Currents of the Low-Carbon Hydrogen Market: Trends and Challenges in Q1 2025
Key Ideas
- Q4 2024 witnessed a total of 915ktpa of new announced capacity across 21 projects, indicating growth in the low-carbon hydrogen market.
- Despite challenges like project stalls and cancellations, the sector shows promise with an increase in capacity announcements compared to the previous quarter.
- The report highlights the dominance of early-stage projects in the cumulative hydrogen production capacity and provides insights into the key players and countries leading in low-carbon hydrogen.
- With a focus on market insights, project scales, deal activities, and policy developments, the report offers valuable information for understanding and investing in the hydrogen technologies sector.
The 'Hydrogen Transition Outlook and Trends Q1 2025' report sheds light on the dynamics of the low-carbon hydrogen market, particularly focusing on developments in Q4 2024. Despite challenges, such as project stalls and cancellations, the quarter witnessed a substantial increase in announced capacity, signifying growth. The total active and pipeline capacity of low-carbon hydrogen has reached approximately 175mtpa, with green and blue plants contributing 90% and 10%, respectively. Early-stage projects dominate the cumulative hydrogen production capacity, with around 1.9mtpa completed by the end of Q4 2024. Deal activity saw a slight dip between Q3 and Q4 2024, but the sector remains vibrant. The report delves into key topics, including market trends, project scales, major upcoming projects, deal activities, and policy developments, providing valuable insights for stakeholders. By analyzing the breakdown of hydrogen capacity, top companies, and leading countries, the report offers a comprehensive understanding of the sector. It also outlines scenarios for 2030 and maps out the global landscape of hydrogen policies and strategies. With a positive sentiment towards the growth and potential of low-carbon hydrogen, the report serves as a valuable resource for investors and industry players looking to navigate the evolving market.