Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications

The low-carbon hydrogen industry will expand significantly over the following ten years, reaching $130 billion by 2033, according to technology company IDTechEx. The research provides technological evaluations of all pertinent technologies, techno-economic comparisons, information on important business operations, significant developments, and market trends throughout the whole value chain.

According to IDTechEx, many businesses across the world are concentrating on creating new blue or green low-carbon hydrogen production assets. These projects will be situated close to industrial customers, enabling future expansion and growth of the low-carbon hydrogen market. Despite having good energy properties, the technology business stated in the research that one of hydrogen's main hurdles is its difficult storage and transportation due to its exceptionally low density under ambient circumstances.