The goal of this report “Green Hydrogen for Decarbonizing Asia’s Industrial Giants” by Asia Society Policy Institute is to show the trajectory and potential of the green hydrogen (H₂ electrolyzer) market under several decarbonization scenarios including current net zero targets in four Asian manufacturing giants: China, India, South Korea, and Japan. It explores the role of green H2 in decarbonizing three major industries—steel, ammonia, and methanol—where it can replace carbon-intensive processes with renewable energy–powered electrolysis, offering a path to significantly reduce CO2 emissions.
The analysis provides a detailed look into the demand for green H2, the necessary scale-up of electrolyzers, and the potential market growth up to 2050. By focusing on the current and future industrial landscapes, technological advancements, and supportive policy environments, the report aims to be a vital resource for stakeholders, highlighting the urgent need for wider adoption of these commercial technologies to achieve global net zero targets.
Under the declared net zero scenario, the combined market potential for electrolyzers in China, India, Japan, and South Korea is anticipated to undergo a significant rise, with projections reaching $180 billion by 2050. The report presents a suite of recommendations aimed at accelerating the development and adoption of green hydrogen and electrolyzer technologies manufacturing and adoption in these four major Asian economies especially. These targeted strategies aim to collectively support a robust ecosystem for green hydrogen production and use in these countries toward a net zero industry.
Access the complete report here
