MENA Hydrogen Market Growth: A Promising Outlook
Key Ideas
- Market analysis predicts a positive outlook for hydrogen in the MENA region, with a forecasted growth in both volume and value over the next decade.
- Consumption of hydrogen in MENA increased in 2024, marking the end of a declining trend, with the United Arab Emirates leading in consumption volume.
- Hydrogen production in MENA also showed modest growth in 2024, with the United Arab Emirates being the primary producer.
- Imports of hydrogen in MENA saw significant growth in 2024, with Israel being the largest importer followed by Kuwait and Saudi Arabia.
The MENA region is experiencing a promising growth trend in the hydrogen market, driven by rising demand. Market analysis forecasts a continued upward trend in both volume and value of hydrogen consumption, with a projected increase to 46M cubic meters and $22M by 2035, respectively. In 2024, consumption of hydrogen in MENA increased by 3.8%, breaking a six-year declining trend and reaching 46M cubic meters. The United Arab Emirates dominated in both consumption and production of hydrogen. Production of hydrogen in MENA also showed a modest increase in 2024, reaching 45M cubic meters, with the UAE contributing 99% of the total volume. Imports of hydrogen surged in 2024, with Israel leading as the largest importer, followed by Kuwait and Saudi Arabia. The positive growth outlook for hydrogen in the MENA region demonstrates a favorable market environment and increasing opportunities for industry players.
Topics
South America
Market Analysis
Forecast
Imports
Production Volume
Country Comparison
Consumption Trend
Value Growth
Latest News