Outlook for the Global Hydrogen Market and Japan's Opportunities

This technical report outlines the global hydrogen market's outlook, emphasizing Japan's potential role in the decarbonization process. It discusses the expected increase in hydrogen demand, predicting a rise to 111-118 million tons per year by 2030 and 301-430 million tons per year by 2050. The report highlights key industries such as power generation, automobiles, sustainable aviation fuel, steel, and shipping that will drive this demand. Japan's technological advantages across the hydrogen supply chain are examined, along with the necessary measures for Japan to capitalize on these business opportunities. The report also mentions the challenges Japan faces in commercializing hydrogen technologies and expanding its hydrogen handling capacity. It stresses the importance of creating a domestic market for hydrogen and the need for government support in supply chain construction. The document concludes by advocating for collaboration between the government and businesses to enhance Japan's influence in the global hydrogen market.