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Southeast Asia Green Hydrogen Market 2023
Green hydrogen, a form of hydrogen produced using renewable energy sources such as solar or wind power, is generated through a process called electrolysis. This process involves the splitting of water (H2O) into its constituent elements, hydrogen (H2) and oxygen (O2), using an electric current. The utilization of green hydrogen as an energy carrier is highly regarded for its clean and sustainable characteristics, as its production does not release carbon dioxide (CO2) emissions into the atmosphere.
When green hydrogen is utilized as a fuel, it exhibits remarkable environmental benefits. Its combustion or usage in fuel cells only results in the production of water vapor as a byproduct, avoiding the release of harmful greenhouse gases or pollutants. As a result, green hydrogen holds immense potential in addressing the global challenge of decarbonizing various sectors, including transportation, industry, and power generation.
The latest estimates project significant growth for the green hydrogen market in Southeast Asia. It is anticipated to achieve incremental growth of approximately USD 57.0 million, with a compound annual growth rate (CAGR) of nearly 14.61% during the forecast period from 2023 to 2029. This growth is attributed to the increasing recognition of green hydrogen’s role in sustainable development and efforts to transition to a low-carbon economy in the region.
The report covers market size and growth, segmentation, competitive landscape, trends and strategies for green hydrogen market in Southeast Asia. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Type: liquid H2, gaseous H2, methanol and any other synthetic fuel, ammonia, LOHC
Application: transport, power generation, industrial
Country: Singapore, Malaysia, Thailand, Philippines, Vietnam, Indonesia, Rest of Southeast Asia
This comprehensive industry report provides valuable insights into the Southeast Asia market for green hydrogen, offering market estimates, forecasts, and a detailed analysis of various aspects including types, applications, and a focus on country. The market for green hydrogen in Southeast Asia can be segmented based on the type of hydrogen, which includes liquid H2, gaseous H2, methanol and other synthetic fuels, ammonia, and LOHC (Liquid Organic Hydrogen Carrier).
In 2022, the ammonia segment emerged as the leading revenue generator in the green hydrogen market in Southeast Asia. Ammonia, being a versatile and widely used compound, holds significant potential as a carrier and storage medium for green hydrogen. Its prominence in the market can be attributed to its various applications across industries such as agriculture, chemicals, and refrigeration.
Furthermore, the report delves into the segmentation of the green hydrogen market based on its application in Southeast Asia. The key application segments identified are transport, power generation, and industrial usage. Among these, the industrial segment emerged as the largest contributor to the Southeast Asia green hydrogen market in 2022. Industries are increasingly recognizing the environmental benefits of green hydrogen and are adopting it as a clean and sustainable energy source for their operations.
To provide a more localized perspective, the report also analyzes the green hydrogen market within the context of country. It further breaks down the market based on specific countries within Southeast Asia, including Singapore, Malaysia, Thailand, Philippines, Vietnam, Indonesia, and the rest of Southeast Asia. Notably, the Indonesia segment is projected to account for the largest share of the green hydrogen market in Southeast Asia.
Major Companies and Competitive Landscape
The companies covered in the report include Sarawak Energy, Pertamina, PTT Group, HDF Energy, Toshiba Energy Systems & Solutions Corporation, SP Group, Air Liquide SA, Petroliam Nasional Berhad, The Linde Group, Air Products Inc., Uniper SE, HoSt Group, among others. The company profiles delve into various aspects of these key players, such as their business models, product portfolios, financial performance, and recent developments. This information allows for a comprehensive understanding of the competitive landscape and offers valuable insights into the strategies employed by these companies to gain a competitive edge in the market.
Scope of the Report
To analyze and forecast the market size of the green hydrogen market in Southeast Asia.
To classify and forecast the green hydrogen market in Southeast Asia based on type, application, country.
To identify drivers and challenges for the green hydrogen market in Southeast Asia.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the green hydrogen market in Southeast Asia.
To identify and analyze the profile of leading players operating in the green hydrogen market in Southeast Asia.
Why Choose This Report
Gain a reliable outlook of the green hydrogen market in Southeast Asia forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
Southeast Asia Green Hydrogen Market 2023 - Report Scope
|Market Size (2022)|
USD 38 Million
Type, Application, Country
Singapore, Malaysia, Thailand, Philippines, Vietnam, Indonesia, Rest of Southeast Asia
Sarawak Energy, Pertamina, PTT Group, HDF Energy, Toshiba Energy Systems & Solutions Corporation, SP Group, Air Liquide SA, Petroliam Nasional Berhad, The Linde Group, Air Products Inc., Uniper SE, HoSt Group
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