HYDROGEN as an energy carrier, offers significant potential for decarbonizing transportation and industrial sectors by replacing fossil fuels, and can also act as a storage medium for renewable energy. While efficient and versatile, hydrogen energy production and distribution face challenges, including high costs and the need for dedicated infrastructure.
Hydrogen as an energy carrier is not new to mankind. The first hydrogen-powered internal combustion engine was built by François Isaac de Rivaz somewhere in 1806. The very tragic Hindenburg disaster in 1937, involving a Hydrogen-filled airship, marked a turning point in public perception of Hydrogen’s safety. In the 1960s, the viability of Hydrogen fuel cells, developed by GE, were firmly established after their success on NASA’s Apollo missions. It was not till the turn of the millennium, that multiple countries used Hydrogen Energy in diverse applications from cars to submarines.
Global green hydrogen demand is rapidly increasing, driven by the need to decarbonize industries and transportation, with market forecasts projecting significant growth in the coming years. The global green hydrogen market is forecast to reach approximately USD 30.6 billion by 2030 from USD 1.1 billion in 2023, with a compound annual growth rate (CAGR) of 61.1%.
India is aiming to capture about 10% of the global green hydrogen market by 2030, which is expected to exceed 100 million metric tonnes. Hydrogen Mission, launched in January 2023 aims to make India a global hub for green hydrogen production, usage, and export, targeting 5 million metric tonnes (MMT) of annual production by 2030. This initiative is expected to attract over $106 Billion in investments and create around 600,000 jobs.
We provide Analytical Solutions For Hydrogen Energy domain at various stages of use ensuring safety, product quality, and operational efficiency by continuously monitoring Hydrogen & other critical component concentrations and purity throughout production, storage, transportation, and utilization.
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