Africa's Growing Hydrogen Market: Trends and Forecasts
Key Ideas
  • Hydrogen market in Africa is projected to grow with a +1.9% CAGR in volume and +2.7% CAGR in value from 2024 to 2035.
  • South Africa leads in both consumption and production of hydrogen, while Nigeria is the major importer in Africa.
  • Africa's hydrogen consumption in 2024 reached 15M cubic meters, with a market value of $4.2M.
  • Hydrogen per capita consumption in Gambia was the highest at 931 cubic meters per 1000 persons in 2024, showing regional consumption disparities.
IndexBox has released a report on Africa's hydrogen market indicating a positive growth trend. The market is expected to expand with a +1.9% CAGR in volume and +2.7% CAGR in value from 2024 to 2035, reaching 19M cubic meters and $5.6M respectively by 2035. In 2024, Africa consumed 15M cubic meters of hydrogen, with South Africa dominating consumption at 10M cubic meters, followed by Gambia and Nigeria. Notably, South Africa also leads in hydrogen production with 10M cubic meters. Nigeria stands out as the main hydrogen importer in Africa. The per capita consumption of hydrogen in Gambia was notably high at 931 cubic meters per 1000 persons in 2024, showcasing regional disparities. Overall, Africa's hydrogen market displays promising growth prospects, driven by increasing demand and consumption patterns.
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