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Global Hydrogen Energy Transition Market Outlook and Trends, Q4 2021

Interest in the hydrogen sector as a way to accelerate the energy transition is growing rapidly and the low-carbon hydrogen project pipeline now represents over 37 mpta of potential capacity. 89% of this capacity comes from green hydrogen projects, though the majority is still in the feasibility stage. The announcement of new deals and policies in the hydrogen sector also continues at pace as companies and governments look to capture value in this growing sector across the value chain. There is a need to accelerate transition strategies across sectors and geographies to achieve climate global goals, and hydrogen development is expected to have a major part to play in the energy sector to facilitate the achievement of these targets.

Significant additions in Q3 2021 included the second-largest proposed project in the world announced by Kazakhstan adding 3 mtpa to the pipeline. Also, Japan has announced a 0.55 mtpa green hydrogen project positioning Japan among the top countries with the highest upcoming capacity. Hydrogen M&A, venture finance deals, and partnerships have been increasing comparatively as part of increasing investments and opening market.

What are the market dynamics in the global hydrogen energy transition market?

There has been remarkable growth for investments in hydrogen technologies along with the different sectors in which it can be used, mainly in transport. New countries are becoming aware of the importance of hydrogen and have started supporting its research and development with policies, incentives, and development roadmaps. There also exists some geopolitical trends in which some regions such as Europe and Oceania have given more support and have specific programs to position themselves as top competitors and attract investments.

Partnerships took off this year boosting the hydrogen economy development and deployment of the technology across sectors. Deals can be used as a useful benchmark on a growing market like hydrogen. Every year the number of deals related to hydrogen is increasing to strengthen hydrogen deployment and support related investments. Partnerships seeking export agreements have started to emerge looking to secure hydrogen production in the upcoming years. Government-owned companies have also started alliances with private companies to support them with hydrogen technology and on the economic development of the sector.

Hydrogen has made its own place in international funds on innovation and low carbon technologies. Europe is the leading region having specific investment funds for hydrogen development. China, the United States, and the United Kingdom have also country-level incentives to reduce taxes and give attractive loans for hydrogen projects.

How are the merger and acquisition trends in hydrogen energy transition market?

Deals can be used as a useful benchmark on a growing market like hydrogen. Every year the number of deals related to hydrogen is increasing to strengthen hydrogen deployment and support related investments. Government-owned companies have also started alliances with private companies to support them with hydrogen technology and on the economic development of the sector.   Partnerships took off this year boosting the hydrogen economy development and deployment of the technology across sectors.

Market report scope

Total active and pipeline capacity 37.3 mtpa
Companies Mentioned H2 Clean Energy, Intercontinental Energy Corp, Svevind AB, Asian Renewable energy Hub, Enegix Energy Pty Ltd

This report provides a comprehensive analysis of the global hydrogen energy transition market.

  • Hydrogen quarterly changes.
  • Total upcoming capacity and 2030 market size scenarios, highlighting recently announced projects by capacity, countries, and regions.
  • Trends over deals, partnerships, and M&A.
  • Global policy support and financial incentives.

Reasons to Buy

  • Identify the last market trends by quarter and key players in hydrogen technologies.
  • Develop market insight of current, in development and announced capacity and latest trends of the sector.
  • Understand the different scenarios for 2030 based on the likeliness of the projects.
  • Facilitate the understanding of how and where the market is growing as it is rapidly scaling up to a position as one of the main topics of the international agenda

Key Players

Intercontinental Energy Corp, Svevind AB, OQ SAOC, Asian Renewable Energy Hub, CWP Renewables Pty Ltd, European Energy, Air Liquide SA, Enegix Energy Pty Ltd, NV Nederlandse Gasunie, Equinor ASA, Government own companies, Shell, Siemens, Uniper, Chevron, Orsted, RWE

Table of Contents

1. Overview

1.1 Executive Summary

1.2 Index

1.3 Quarterly snapshot

2. Low Carbon Hydrogen Capacity Outlook

2.1 Installation Capacity

2.2 Major upcoming projects

2.3 Production capacity and market size scenarios to 2030

2.4 Key developments

2.5 Major announcements and project updates

3. Deals & Contracts

3.1 Partnerships

3.2 M&A

3.3 Venture finance

4. Policy Support

4.1 Supporting policy

4.2 Global incentives

4.3 Main policy changes

List of Tables

Table 1: Top 10 low carbon hydrogen plants 9

Table 2: Major status changes 13

Table 3: Major Projects announced 13

Table 4: M&A deals for Q3-2021 16

Table 5: Venture Finance deals for Q3-2021 17

Table 6: Q3- 2021 Key Policy Changes 20

Table 7: International Cooperation Policies 21

List of Figures

Figure 1: GlobalData Hydrogen Stock Index 5

Figure 2: Total and quarterly highlights – Q3 2021 6

Figure 3: Total Hydrogen Announced Capacity (mtpa) 8

Figure 4: Total Upcoming and Post-Feasibility Regional Capacity (mtpa) 8

Figure 5: Major upcoming clean hydrogen plants map 10

Figure 6: 2030 Hydrogen capacity scenarios (mtpa) 11

Figure 7: Countries with highest cumulative upcoming capacity (mtpa) 12

Figure 8: Deals comparative 2020 – 2021 15

Figure 9: M&A Type – Q3 2021 16

Figure 10: Venture finance Disclosed Deal Value (US$mil) 17

Figure 11: Partnerships Numbers Q3-2021 18

Figure 12:Partnerships Regions for Development Q3-2021 18

Figure 13: Partnerships Main Topics 18

Figure 14: Companies with more partnerships this quarter 18

Figure 15: Global and Financial Incentives 22

Figure 16: National Low Carbon Hydrogen Strategies in Major Economies map 23

Frequently Asked Questions

The total active and pipeline capacity is 37.3 mtpa.

Key companies mentioned in the report are H2 Clean Energy, Intercontinental Energy Corp, Svevind AB, Asian Renewable energy Hub, Enegix Energy Pty Ltd, among others.

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