[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Asia Pacific Green Hydrogen Market Forecast to 2030 - Regional Analysis - by Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy and Solar Energy), and End-Use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others)

December 2023 | 110 pages | ID: AE73D502FA9DEN
The Insight Partners

US$ 3,550.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The Asia Pacific green hydrogen market is expected to grow from US$ 1,092.91 million in 2022 to US$ 25,976.41 by 2030. It is estimated to grow at a CAGR of 48.6% from 2022 to 2030.
Growing Establishment of Large Green Hydrogen Plants Fuels Asia Pacific Green Hydrogen Market
The establishment of large-scale green hydrogen plants attracts significant investments from both the public and private sectors. In June 2023, a group of companies announced their plan to invest US$ 79.75 in a project for the development of a hydrogen production facility and a hydrogen liquefaction facility in Queensland, Australia. The group of companies includes Iwatani Corporation (Japan), Kansai Electric Power Company (Japan), Marubeni Corporation (Japan), Keppel Infrastructure (Singapore), and Stanwell Corporation (Australia).
Large-sized green hydrogen plants require dedicated infrastructure, including hydrogen production facilities, storage systems, and transportation networks. The establishment of such plants drives the requirement for a robust infrastructure that supports the distribution and utilization of green hydrogen. For instance, in June 2023, Larsen & Toubro announced its plan to set up infrastructure for the world’s largest green hydrogen plant in Saudi Arabia, which is being built by NEOM Green Hydrogen Company (NGHC). Thus, a rise in infrastructure development is expected to create a favorable environment for the adoption of green hydrogen in different sectors, which is likely to offer growth opportunities to the market players during the forecast period.
Asia Pacific Green Hydrogen Market Overview
Asia Pacific is witnessing intense competition among companies aiming to establish green hydrogen production bases, recognizing its potential as a next-generation power source. Leading the charge are Western and regional companies teaming up for massive projects. Danish multinational Orsted, a major offshore wind power company, is exploring entry into the green hydrogen market. The company partnered with South Korean steelmaker POSCO for an offshore wind power project in May 2021. It is studying the feasibility of green hydrogen production. Western oil companies are also making significant investments in the region. For instance, in June 2022, BP became the largest shareholder in the Asian Renewable Energy Hub (AREH) project in Australia, aiming to produce up to 1.6 metric ton of green hydrogen annually and secure a 10% share of the global market.
Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Green Hydrogen Market Segmentation
The Asia Pacific green hydrogen market is segmented into technology, renewable source, end-use industry, and country.
Based o n technology, the Asia Pacific green hydrogen market is bifurcated into alkaline electrolysis and PEM electrolysis. The alkaline electrolysis segment accounted a larger share of the Asia Pacific green hydrogen market in 2022.
By renewable source, the Asia Pacific green hydrogen market is divided into wind energy and solar energy. The solar energy segment held a larger share of the Asia Pacific green hydrogen market in 2022.
By end use, the Asia Pacific green hydrogen market is segmented into chemical, power, food & beverages, medical, petrochemicals, and others. In 2022, the power segment held a largest share of the Asia Pacific green hydrogen market.
Based on country, the Asia Pacific green hydrogen market is segmented int o Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific green hydrogen market in 2022.
Air Products & Chemicals Inc, Cummins Inc, Engie SA, L’Air Liquide SA, Linde Plc, Nel ASA, Siemens Energy AG, and Toshiba Energy Systems & Solutions Corp are some of the leading companies operating in the Asia Pacific green hydrogen market.
1. INTRODUCTION

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. ASIA PACIFIC GREEN HYDROGEN MARKET LANDSCAPE

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Renewable Energy Sources:
  4.3.2 Green Hydrogen Producers:
  4.3.3 Green Hydrogen Distributors:
  4.3.4 End Users or Consumers:

5. ASIA PACIFIC GREEN HYDROGEN MARKET - KEY INDUSTRY DYNAMICS

5.1 Key Market Drivers:
  5.1.1 Rising Global Plans for Net-zero Emission by 2050
  5.1.2 Growing Investment in Renewable Energy
  5.1.3 Increasing Demand for FCEV
5.2 Key Market Restraints:
  5.2.1 High Cost of Green Hydrogen and Associated Products
  5.2.2 Lack of Infrastructure
5.3 Key Market Opportunities:
  5.3.1 Increasing Investment in Green Hydrogen Projects
  5.3.2 Growing Establishment of Large Green Hydrogen Plants
5.4 Future Trend:
  5.4.1 Technological Advancements in Green Hydrogen
5.5 Impact of Drivers and Restraints:

6. GREEN HYDROGEN MARKET - ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Green Hydrogen Market Share, By Region (%), 2020 and 2030
6.2 Asia Pacific Green Hydrogen Market Revenue (US$ Mn), 2020 – 2030

7. ASIA PACIFIC GREEN HYDROGEN MARKET ANALYSIS – END-USE INDUSTRY

7.1 Overview
7.2 Asia Pacific Green Hydrogen Market Revenue Share, By End-Use Industry (2022 and 2030)
7.3 Chemicals
  7.3.1 Overview
  7.3.2 Chemicals: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.4 Power
  7.4.1 Overview
  7.4.2 Power: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.5 Food and Beverages
  7.5.1 Overview
  7.5.2 Food and Beverages: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.6 Medical
  7.6.1 Overview
  7.6.2 Medical: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.7 Petrochemicals
  7.7.1 Overview
  7.7.2 Petrochemicals: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
7.8 Others
  7.8.1 Overview
  7.8.2 Others: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

8. ASIA PACIFIC GREEN HYDROGEN MARKET ANALYSIS – RENEWABLE SOURCE

8.1 Overview
8.2 Asia Pacific Green Hydrogen Market Revenue Share, By Renewable Source (2022 and 2030)
8.3 Wind Energy
  8.3.1 Overview
  8.3.2 Wind Energy: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
8.4 Solar Energy
  8.4.1 Overview
  8.4.2 Solar Energy: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

9. ASIA PACIFIC GREEN HYDROGEN MARKET ANALYSIS – TECHNOLOGY

9.1 Overview
9.2 Asia Pacific Green Hydrogen Market Revenue Share, By Technology (2022 and 2030)
9.3 Alkaline Electrolysis
  9.3.1 Overview
  9.3.2 Alkaline Electrolysis: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)
9.4 PEM Electrolysis
  9.4.1 Overview
  9.4.2 PEM Electrolysis: Asia Pacific Green Hydrogen Market Revenue and Forecast to 2030 (US$ Million)

10. ASIA PACIFIC GREEN HYDROGEN MARKET - COUNTRY ANALYSIS

10.1 Overview
  10.1.1 Asia Pacific Green Hydrogen Market, by Key Country
    10.1.1.1 Australia: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.1.1 Australia: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.1.2 Australia: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.1.3 Australia: Asia Pacific Green Hydrogen Market, By Technology
    10.1.1.2 China: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.2.1 China: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.2.2 China: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.2.3 China: Asia Pacific Green Hydrogen Market, By Technology
    10.1.1.3 India: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.3.1 India: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.3.2 India: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.3.3 India: Asia Pacific Green Hydrogen Market, By Technology
    10.1.1.4 Japan: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.4.1 Japan: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.4.2 Japan: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.4.3 Japan: Asia Pacific Green Hydrogen Market, By Technology
    10.1.1.5 South Korea: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.5.1 South Korea: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.5.2 South Korea: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.5.3 South Korea: Asia Pacific Green Hydrogen Market, By Technology
    10.1.1.6 Rest of Asia Pacific: Asia Pacific Green Hydrogen Market Revenue and Forecasts to 2030 (US$ Million)
      10.1.1.6.1 Rest of Asia Pacific: Asia Pacific Green Hydrogen Market, By End-Use Industry
      10.1.1.6.2 Rest of Asia Pacific: Asia Pacific Green Hydrogen Market, By Renewable Source
      10.1.1.6.3 Rest of Asia Pacific: Asia Pacific Green Hydrogen Market, By Technology

11. COMPETITIVE LANDSCAPE

11.1 Company Positioning & Concentration

12. INDUSTRY LANDSCAPE

12.1 Overview
12.2 Market Initiative

13. COMPANY PROFILES

13.1 L’Air Liquide SA
  13.1.1 Key Facts
  13.1.2 Business Description
  13.1.3 Products and Services
  13.1.4 Financial Overview
  13.1.5 SWOT Analysis
  13.1.6 Key Developments
13.2 Siemens Energy AG
  13.2.1 Key Facts
  13.2.2 Business Description
  13.2.3 Products and Services
  13.2.4 Financial Overview
  13.2.5 SWOT Analysis
  13.2.6 Key Developments
13.3 Cummins Inc
  13.3.1 Key Facts
  13.3.2 Business Description
  13.3.3 Products and Services
  13.3.4 Financial Overview
  13.3.5 SWOT Analysis
  13.3.6 Key Developments
13.4 Linde Plc
  13.4.1 Key Facts
  13.4.2 Business Description
  13.4.3 Products and Services
  13.4.4 Financial Overview
  13.4.5 SWOT Analysis
  13.4.6 Key Developments
13.5 Nel ASA
  13.5.1 Key Facts
  13.5.2 Business Description
  13.5.3 Products and Services
  13.5.4 Financial Overview
  13.5.5 SWOT Analysis
  13.5.6 Key Developments
13.6 Orsted AS
  13.6.1 Key Facts
  13.6.2 Business Description
  13.6.3 Products and Services
  13.6.4 Financial Overview
  13.6.5 SWOT Analysis
  13.6.6 Key Developments
13.7 Toshiba Energy Systems & Solutions Corp
  13.7.1 Key Facts
  13.7.2 Business Description
  13.7.3 Products and Services
  13.7.4 Financial Overview
  13.7.5 SWOT Analysis
  13.7.6 Key Developments
13.8 Uniper SE
  13.8.1 Key Facts
  13.8.2 Business Description
  13.8.3 Products and Services
  13.8.4 Financial Overview
  13.8.5 SWOT Analysis
  13.8.6 Key Developments
13.9 Engie SA
  13.9.1 Key Facts
  13.9.2 Business Description
  13.9.3 Products and Services
  13.9.4 Financial Overview
  13.9.5 SWOT Analysis
  13.9.6 Key Developments
13.10 Air Products & Chemicals Inc
  13.10.1 Key Facts
  13.10.2 Business Description
  13.10.3 Products and Services
  13.10.4 Financial Overview
  13.10.5 SWOT Analysis
  13.10.6 Key Developments

14. APPENDIX

14.1 Appendix


More Publications