US, Europe, and China to dominate global low-carbon hydrogen market by 2030, accounting for 80% of output.
The US, Europe, and China are set to dominate the global low-carbon hydrogen market by 2030, accounting for 80% of global output, with the US leading with 37%, followed by Europe at 24%, and China at 19%. Annual supply is predicted to jump 30-fold to 16.4 million tons. Demand for all types of hydrogen is expected to quadruple to 390 million tons by 2050, driven by industries like iron and steel, aviation, and shipping.
May 23, 2024
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