EAC’s Insight on the Global Hydrogen Market The global hydrogen market is undergoing a significant transformation, driven by an exponential increase in demand for green hydrogen. At the heart of this shift is the growing influence of Chinese electrolyzer manufacturers. Once primarily serving traditional domestic industries, these companies have now become a major force in the global market, with their shipment volume experiencing a staggering 91% compound annual growth rate (CAGR) from 2019 to 2023.This rapid expansion is fueled by their strategic shift to addressing the demand from international green hydrogen projects. This has created an increasingly fierce competitive landscape. …
Renewable Energy Vision and Manufacturing Excellence in India
Renewable Energy Vision and Manufacturing Excellence in India India is rapidly transitioning towards renewable energy sources driven by environmental, economic, technological, and policy factors. This shift is vital for sustainable development and positioning India as a global leader in renewable energy.Renewable Energy Capacity and Targets India ranks 4th globally in renewable energy installed capacity (190 GW, including large hydro), 4th in wind power (42 GW), and 5th in solar power (67 GW). With the aim of reducing carbon emissions, India has set an ambitious target of 500 GW of non-fossil fuel-based energy by 2030, positioning it as one of the …
India’s Potential as a Global Leader in Green Hydrogen
India’s Potential as a Global Leader in Green Hydrogen Green hydrogen (GH2) derived from renewable energy sources, is positioned as a transformative force in the global transition towards sustainable energy. India, with its ample renewable resources and commitment to decarbonization, has emerged as a significant player in this arena. Leveraging its vast solar and wind energy potential, estimated at approximately 1,400 GW, India aims to become a leader in green hydrogen production, aligning with the goals outlined in its National Hydrogen Mission launched in 2021. This mission is pivotal in achieving the country’s ambitious target of net-zero carbon emission by …