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May 16, 2023

Global Hydrogen Market Forecast to 2050

The $850bn Green H2 game everybody wants to play; how an infant industry grows and why you shouldn’t worry about the short-term delays

The sun has set on the days when we were trying to convince you that the hydrogen industry is the next big thing. The world has moved on from disbelief to strategic planning. It’s not a question of “if” anymore, but a question of “when” and perhaps “how fast”. When we say that everybody wants to play this game, we mean it.

This hydrogen forecast looks at what all these collective efforts will amount to, how long it will take for the electrolyzer market to scale up and how much electrolysis capacity will be in operation at any point between now and 2050, on a global scale. All based on market projection influenced by signed agreements for hydrogen generation projects and electrolyzer gigafactories.

A deep dive into the early split of the market between different technologies like Proton Exchange Membrane (PEM), Alkaline (ALK) and Solid Oxide Electrolytic Cell (SOEC) will shed light into the preferred methods of green hydrogen production and how these trends will evolve over time.

Additionally, the report talks about the importance of hydrogen color versatility and how the demand will be satisfied in the short term, the longevity of such colors like pink and white or gold, and how the cost of production of green hydrogen is expected to change in the future.

This forecast includes:

  • 40 page PDF narrative, illustrated with graphs
  • XLS dataset showing:
    – Green H2 pricing
    – Hydrogen demand by industry
    – Projected gigafactory and electrolysis capacity
    – Electrolysis capacity by country
  • Download Executive Summary
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Rethink Energy Research

Rethink Energy forecasts the changing energy landscape and its investment possibilities, as renewables begin to take over from conventional fossil fuels