Global Dominance of Low-carbon Hydrogen by US, Europe, and China
Key Ideas
- US, Europe, and China are projected to lead in low-carbon hydrogen production by 2030, with 80% of global output and a 30-fold increase in annual supply.
- Demand for hydrogen, including green and blue types, is set to quadruple by 2050, with key industries like iron and steel, aviation, and shipping driving the growth.
- The forecast aligns with net zero emissions goals, with 95 gigawatts of electrolyzers expected to be operational by 2030, mainly in Asia Pacific.
- Despite challenges in monitoring China's hydrogen supply pipeline, strong regulatory support and ambitious growth targets are fueling the global shift towards clean hydrogen production.
The article discusses the projected dominance of the US, Europe, and China in global supply of low-carbon hydrogen by 2030, driven by regulatory support and growth targets. By the end of the decade, these three markets are expected to contribute 80% of the world's clean hydrogen output, with an estimated 30-fold increase in annual supply. The US is forecasted to lead with 37% of production, followed by Europe and China. The growing demand for hydrogen, including green and blue varieties, is anticipated to quadruple by 2050, particularly in industries like iron and steel, aviation, and shipping. This surge aligns with net zero emissions targets, with 95 gigawatts of electrolyzers set to be operational by 2030, mainly in Asia Pacific. Despite challenges in monitoring China's hydrogen projects, the report highlights the significant progress and potential for clean hydrogen production on a global scale.