Middle East Hydrogen Market Growth Report
Key Ideas
- Middle East's hydrogen market is projected to grow, with market volume reaching 46M cubic meters and a value of $21M by 2035.
- Consumption of hydrogen in the Middle East increased in 2024 after years of decline, with the United Arab Emirates leading in consumption and production.
- Hydrogen imports in the Middle East surged in 2024, with Israel being the largest importer.
- The market value for hydrogen in the Middle East was $18M in 2024, with an average annual growth rate of +4.2% from 2013 to 2024.
The Middle East hydrogen market is experiencing growth, driven by rising demand. The market is forecasted to expand with a projected CAGR of +0.1% in volume and +1.7% in value from 2024 to 2035, reaching 46M cubic meters and $21M, respectively. Consumption in the region saw an increase in 2024 after a period of decline, reaching 45M cubic meters. The United Arab Emirates leads in both consumption and production, with a 92% share of the total volume. Production in the Middle East rose to 45M cubic meters in 2024, with the UAE accounting for 99% of the total volume. Hydrogen imports soared to 3.4M cubic meters in 2024, with Israel being the largest importer. The market value for hydrogen in the Middle East was $18M in 2024, reflecting an average annual growth rate of +4.2% over the previous years. The outlook for the market is positive, with continued growth expected in both volume and value over the next decade.