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Market drivers include hydrogen’s decarbonization potential, increasing demand for green hydrogen, and the international hydrogen trade
BOULDER, Colo., July 14, 2022 /PRNewswire/ — A new report from Guidehouse Insights explores the market potential for hydrogen transport and delivery technologies. It covers the mediums for transporting hydrogen, including via pipeline, via ship, and via road.
With the estimated global demand for all forms of hydrogen expected to increase two-fold by 2030 and approximately five-fold by 2050 over 2020 demand, the infrastructure for its generation, transport, distribution, and storage must also scale. Integral to this growth is low-cost production of low carbon hydrogen, which requires inexpensive renewable energy resources or access to carbon capture and storage infrastructure. According to a new report from Guidehouse Insights, the global market for hydrogen transportation development is expected to grow at a compound annual growth rate (CAGR) of 19.8%, from an estimated 4.5 Mt H2 in 2022 to 22.8 Mt H2 by 2031.
“A hydrogen transportation infrastructure is…
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