Market Research Report
Hydrogen - Thematic Research
|Published by||GlobalData||Product code||943322|
|Published||Content info||27 Pages
Delivery time: 1-2 business days
|Hydrogen - Thematic Research|
|Published: June 10, 2020||Content info: 27 Pages||
Hydrogen remains the most abundantly available and commonly known element in the universe and it will become a game changer by being the source of cleaner power (zero-emission fuel) on a massive scale. Hydrogen is light, storable, energy-heavy, and does not produce direct carbon emissions or greenhouse gases (GHG). Sectors such as soil refining, ammonia production, methanol production and steel production use hydrogen extensively. Hydrogen will likely play a crucial role in clean energy transition with increase in its use in sectors such as transportation, buildings and power generation. Interest in the use of hydrogen technology is increasing in a range of niche transport market segments, besides other applications. In the short to medium term, hydrogen technology could be used to replace compressed natural gas (CNG) in some areas with minor changes to the existing infrastructure.
Countries worldwide strive to accelerate the development and use of hydrogen technology to tackle environmental concerns and enhance energy security. Hydrogen technology has the capability to serve as a long-term, large-scale clean energy storage medium that aids power generation from renewable sources. However, formulating a cost-effective and well-regulated transition is a complex issue, and the cost of producing hydrogen from renewable energy sources is currently expensive.
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