Leading countries demonstrated strongest position for early deployment of hydrogen technologies and infrastructure
BOULDER, Colo., June 9, 2022 /PRNewswire/ — A new report from Guidehouse Insights provides country-level assessments for 20 influential national players in the hydrogen sector. The report identifies five Leaders in the market: Germany, the netherlands, Australiathe Republic of Korea, and Japanese. These countries are well positioned to take early leadership in the deployment of hydrogen technologies due to strong policy regimes and high levels of project activity.
The hydrogen industry has developed into a key arena for international competition. National governments are setting increasingly ambitious targets for hydrogen technology deployment, motivated by the promise of emissions reductions and the potential for technology leadership, economic resilience, and improved security of supply. According to a Leaderboard report from Guidehouse Insights, Germany, the netherlands, Australiathe Republic of Korea and Japanese are the leading countries for hydrogen preparedness.
“Green hydrogen produced from renewable electricity is expected to play a central role in the decarbonization 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,” says Jacques Moss, research analyst with Guidehouse Insights. “Leaders are currently in the strongest position for early deployment of hydrogen technologies and infrastructure.”
The characteristics of the global hydrogen economy are likely to differ substantially from those of the fossil fuel industry. Since renewable energy potentials are more widely distributed than fossil fuel resources, a fundamental reconfiguration of importer and exporter relationships is likely to occur, according to the report.
The report, Guidehouse Insights Leaderboard: Hydrogen Preparedness Index for 20 Countries, provides country level assessments for 20 influential national players in the hydrogen sector. The list covers a diverse selection of countries including up-and-coming players aiming to exploit their renewable energy potential as future exporters; fossil fuel producers seeking to retain control over existing markets; energy consumers attempt on securing sufficient low-cost hydrogen for industry and other purposes; and technology producers keen to corner the market for electrolyzers, fuel cells, and other hydrogen technologies. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resilience, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Hydrogen Preparedness Index for 20 Countries, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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SOURCE Guidehouse Insights