Australia Hydrogen Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Foreign Trade, Regional Demand, Company Share, Manufacturing Process, 2015-2034

The Australia Hydrogen market demand stood at 270 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.8% during the forecast period until 2034. Hydrogen's diverse applications, extending beyond energy to industrial processes like ammonia production, underscore its versatility, fostering market expansion across various sectors. The Australian Government has demonstrated a substantial commitment, investing over USD 500 million to foster the development of hydrogen hubs in regional Australia. These hubs are envisioned to serve as collaborative platforms, bringing together hydrogen producers, users, and potential exporters spanning industrial, transport, export, and energy markets. The Regional Hydrogen Hub funding has been earmarked for projects in strategic locations, including the Pilbara and Kwinana in Western Australia, the Hunter region in New South Wales, Bell Bay in Tasmania, Gladstone in Queensland, and Port Bonython in South Australia. 

 

Hydrogen plays a pivotal role in the ammonia industry, as illustrated by the Haber-Bosch process, which combines hydrogen and nitrogen to produce ammonia. This ammonia serves as a critical component in fertilizers. Additionally, hydrogen is essential in the methanol refining process, a key precursor for various chemical products. Furthermore, hydrogen is integral in the oil refining process, where it plays a crucial role in converting crude oil into more practical fuels. In the refining process, crude oil is introduced to facilities, and hydrogen is typically incorporated into the mixture. This aids in the removal of sulphur, bringing it to acceptable levels for the desired fuel. Hydrogen forms bonds with sulphur, resulting in hydrogen sulphide, which can be extracted from the fuel in later stages of refining. Presently, hydrogen is employed in various industrial processes and fuels vehicles through fuel cells to generate electricity.

 

The predominant application lies in utilizing hydrogen for ammonia production. Ammonia is anticipated to maintain its status as the leading sector in terms of hydrogen production capacity in the region, primarily because of a limited number of sizable projects. The majority of low-carbon ammonia generated is expected to find applications in domestic markets, serving purposes such as fertilizer production, high-value chemical products, or as a carrier for hydrogen. Australia's hydrogen market is propelled by a multifaceted approach encompassing government support, global export ambitions, and strategic focus on key sectors. The Australian government demonstrates unwavering support for hydrogen industry development, implementing policies, incentives, and funding programs to encourage research, development, and deployment of hydrogen technologies. Aiming to be a major global player, Australia focuses on exporting hydrogen to nations committed to decarbonizing their energy systems, forging international partnerships to achieve this goal. The hydrogen sector gains traction in heavy industries and transportation, where hydrogen is viewed as a versatile and clean energy carrier, particularly in steel, manufacturing, fuel cell vehicles, and shipping. The market's growth is further propelled by increasing investments, both public and private, and collaborative efforts among industry stakeholders, research institutions, and government agencies. Australia holds a strategic advantage in tapping into the expanding hydrogen export market, particularly with resource-constrained trading partners like Japan and South Korea. Existing relationships with these nations position Australia favourably. Projections from the Australian Renewable Energy Agency estimate the hydrogen export market's value at potentially USD10 billion annually by 2040, with the country producing over 3 million tonnes of renewable hydrogen each year.  Due to these reasons, the Australia Hydrogen market size is estimated to reach roughly 400 thousand tonnes in 2034. 

 

Based on the end-user industry, the Australia Hydrogen market is segregated into Ammonia, Refining, Methanol, Fuel, and Others. The largest chunk of Hydrogen goes towards Ammonia segment. In 2023, this industry consumed about 45% of the net Australia Hydrogen market.

 

Major players in the Australia Hydrogen market is Linde plc (BOC). Other players in the Global Hydrogen market are Sinopec, Air Products, Air Liquide, Linde plc, Shanghai HuaLin Industrial Gases, and Messer Praxair, Chevron Usa Inc, Sinopec, Valero, Martinez Refining Co Llc, Phillips 66 Company, Wrb Refining Lp, Flint Hills Resources Lp, Cenex Harvest States Coop, Deokyang, Bp West Coast Products Llc, Sinclair Wyoming Refining Co, and Others. 

 

Years considered for this report:

 

Historical Period: 2015- 2022

Base Year: 2023

Estimated Year: 2024

Forecast Period: 2025-2034

 

This report will be delivered on an online digital platform with one-year subscription and quarterly update.

 

Objective of the Study: 

 

• To assess the demand-supply scenario of Hydrogen which covers production, demand and supply of Hydrogen   market in Australia.

• To analyse and forecast the market size of Hydrogen   

• To classify and forecast Australia Hydrogen market based on end-use and regional distribution.

• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen market in Australia.

 

To extract data for Australia Hydrogen market, primary research surveys were conducted with Hydrogen manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Australia Hydrogen market over the coming years. 

 

ChemAnalyst calculated Hydrogen demand across the Australia region by analysing the volume of Hydrogen consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

 

 

Key Target Audience:

 

• Hydrogen manufacturers and other stakeholders

• Organizations, forums and alliances related to Hydrogen distribution

• Government bodies such as regulating authorities and policy makers

• Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

Report Scope:

 

In this report, Australia Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below: 

 

Attribute	Details
Market size Volume in 2023	270 thousand tonnes
Market size Volume by 2034	400 thousand tonnes
Growth Rate	CAGR of 3.8% from 2024 to 2034
Base year	2023
Estimated Year	2024
Historical Data	2015 – 2022
Forecast period	2025 – 2034
Quantitative units	Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage	Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered	By End-Use: (Ammonia, Refining, Methanol, Fuel, and Others) By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope	New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Available Customizations:

 

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 

In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com

Table of Content

 

1. Industry Market Size

It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Hydrogen market in terms of value and volume. 

 

2. Capacity By Company 

On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrogen.

 

3. Capacity By Location 

To better understand the regional supply of Hydrogen by analyzing its manufacturers' location-based capacity.

 

4. Plant Operating Efficiency

To determine what percentage manufacturers are operating their plants or how much capacity is being currently used. 

  

5. Production By Company [Quarterly Update]

Study the historical annual production of Hydrogen by the leading players and forecast how it will grow in the coming years.

 

6. Demand by End- Use [Quarterly Update]

Discover which end-user industry (Ammonia, Refining, Methanol, Fuel, and Others) are creating a market and the forecast for the growth of the Hydrogen market. 

 

7. Demand by Region

Analyzing the change in demand of Hydrogen in different regions, i.e., New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory, that can direct you in mapping the regional demand. 

 

8. Demand by Sales Channel (Direct and Indirect)

Multiple channels are used to sell Hydrogen. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.

 

9. Demand-Supply Gap

Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrogen.

 

10. Country-wise Export

Get details about quantity of Hydrogen exported by major countries. 

 

11. Country-wise Import

Get details about quantity of Hydrogen imported by major countries.

 

12. Company Share

Figure out what proportion of the market share of Hydrogen is currently held by leading players across Australia. 

 

13. Manufacturing Process

Discover insights into the intricate manufacturing process of Hydrogen.