Asia-Pacific Hydrogen Market Growth Forecast 2024-2035
Key Ideas
- The Asia-Pacific hydrogen market is projected to grow with a CAGR of +0.9% in volume and +1.3% in value from 2024 to 2035, highlighting the region's significant role in the global market.
- China dominates the hydrogen market in Asia-Pacific, accounting for 86% of total volume consumption and production, showcasing substantial growth potential in the sector.
- Despite minor fluctuations, both consumption and production have shown consistent growth trends over the past decade, indicating a positive outlook for the hydrogen market in the region.
- While imports of hydrogen in Asia-Pacific decreased in 2024, the overall market performance is forecasted to expand steadily, driven by increasing demand and production levels.
IndexBox's recent report on the Asia-Pacific hydrogen market forecasts a positive growth trajectory from 2024 to 2035. The market is expected to witness a CAGR of +0.9% in volume and +1.3% in value, reaching 6.3B cubic meters and $2.9B respectively by the end of 2035. China emerges as the key player in both consumption and production, accounting for 86% of the total volume in the region. Despite a slight decline in imports in 2024, the market performance is anticipated to expand steadily, driven by increasing demand and production levels. The report highlights the stable growth patterns in consumption and production over the past decade, with some fluctuations, indicating a positive outlook for the Asia-Pacific hydrogen market. With promising growth projections and significant market share, Asia-Pacific's role in the global hydrogen market is set to strengthen in the coming years.
Topics
Oceania
Market Analysis
Forecasting
Consumption Trends
Growth Projections
Regional Market
Import Statistics
Production Volume
Asia-Pacific Economies
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