Report finds Germany, Netherlands, Australia, Korea, and Japan as leaders in the hydrogen market

A report from Guidehouse Insights has identified Germany, the Netherlands, Australia, the Republic of Korea, and Japan as leaders in the hydrogen market.

The report, Guidehouse Insights Leaderboard: Hydrogen Preparedness Index for 20 countries, provides a country-level assessment for 20 influential national players in the sector, basing its findings on policy regimes and levels of project activity.

Given the wider distribution of renewable energy, the characteristics of a global hydrogen economy are likely to substantially differ from those of the fossil fuel sector, with a signification reconfiguration of importer and exporter relationships likely, the report claims.

As national governments set increasingly ambitious targets for hydrogen technology deployment, motivated by emission reduction goals and potential technology leadership, economic reliance, and improved supply security, Guidehouse has said.

Jacques Moss, Research Analyst at Guidehouse Insights, said, “Green hydrogen produced from renewable electricity is expected to play a central role in the decarbonisation of hard-to-abate sectors and the transportation of renewable energy across international borders.

“Blue hydrogen produced from natural gas with carbon capture and storage is also anticipated to drive emissions reductions, especially in fossil fuel producing regions,”

“Leaders are currently in the strongest position for early deployment of hydrogen technologies and infrastructure.”

The report covers a range of countries, from up-and-coming players, fossil fuel producers, energy consumers, and technology producers.