[New] The integration of hydrogen production with renewable energy systems offers a promising opportunity for grid stability and energy storage in the U.S.
Market Data Forecast
[New] Latin America and the Middle East & Africa are emerging as potential hydrogen production hubs, which could eventually stimulate downstream fuel cell deployment as export and domestic energy markets evolve.
Vantage Market Research
[New] The American Iron and Steel Institute highlights that hydrogen based steelmaking could reduce industry emissions by up to 90% compared to traditional blast furnace methods.
Market Data Forecast
[New] Recent auctions under India's National Green Hydrogen Mission delivered lower-than-expected prices for green hydrogen-based ammonia, suggesting hydrogen steelmaking costs could fall faster than anticipated.
EurekAlert!
[New] 22 gigatonnes of CO2 could be saved in India alone by redirecting 50 billion dollars in near-term investment (2026-2030) away from coal-fired capacity towards hydrogen-ready plants.
EurekAlert!
Current geopolitical conditions are likely to accelerate investment decisions and renewable hydrogen production toward 2030.
DNV
35% of new hydrogen production and use will be in China over the coming decades.
DNV
By 2030, low-emissions hydrogen production from announced projects could reach 49 Mtpa, up from 38 Mtpa the previous year, with steel, chemicals, and petrochemicals representing the primary offtakes.
Persistence Market Research
Novel applications in heavy industry and long-distance transport account for less than 0.1% of hydrogen demand, yet are projected to contribute nearly 40% by 2030 under the Net Zero Emissions by 2050.
Persistence Market Research
UK Hydrogen Strategy targets 10 GW electrolyzer capacity by 2030.
FactMr
Announced new hydrogen pipeline projects could reach ~37,000-40,000 km by 2035, with the vast majority concentrated in Europe and China, but only a small share has reached FID or construction, leaving a large delivery gap between ambition and built reality.
Precedence Research
Industrial decarbonization and green fuel investments drive hydrogen production applications to experience their fastest growth rate through 2035.
Transpire Insight
As Proton Exchange Membrane electrolyzers move into mass deployment across Europe and China, hydrogen-related demand is projected to climb toward 11% of total annual consumption.
Bingx Exchange
As technological improvements lower production costs and expand applications, hydrogen investment is expected to play a prominent role in the financial landscape of 2026 and beyond.
Education
Clean hydrogen uptake is expected to be strongest in emerging demand sectors by 2060, led by steelmaking (18% of total clean hydrogen use), aviation and maritime.
DNV
Overall hydrogen volumes will grow by 170% and will see cumulative investments of USD3.2trn to 2060.
DNV
Clean hydrogen will grow 100-fold from today's levels.
DNV
Last updated: 31 May 2026
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