A recent report by Global Efficiency Intelligence, titled “Green Hydrogen for Decarbonizing Asia’s Industrial Giants,” highlights the critical role of green hydrogen in helping Asia’s largest economies—China, India, Japan, and South Korea—achieve their net zero emissions targets. The study, commissioned by the High-level Policy Commission on Getting Asia to Net Zero and facilitated by the Asia Society Policy Institute as its secretariat, underscores the potential for electrolyzers to meet the rising demand for green hydrogen in key industrial sectors such as steel, ammonia, and methanol.
According to the report, should these nations commit fully to their net zero goals, the market for electrolyzers, essential for producing green hydrogen, could expand to $180 billion by 2050. This represents a substantial growth, with a projected compound annual growth rate of 12% from 2030 to 2040, a significant increase compared to a business-as-usual scenario.
The authors, Ali Hasanbeigi, Cecilia Springer, and Adam Sibal of Global Efficiency Intelligence, propose that embracing green hydrogen technology can drastically cut emissions in these industries by replacing traditional, carbon-heavy processes with those powered by renewable energy. The report calls on policymakers, industry stakeholders, investors, and think tanks to accelerate the adoption of green hydrogen and electrolyzer manufacturing, outlining strategies to foster a supportive ecosystem for green hydrogen production and utilization across Asia’s industrial landscape.
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