Low carbon hydrogen to play defining role in energy transition

The hydrogen market has progressed rapidly in recent years due to its growing application in industries like the transport, industrial, energy, aerospace, defence, and construction sectors. Against this backdrop, low carbon hydrogen is gaining traction as a critical component to achieve energy transition and long-term decarbonisation goals, says GlobalData.
The global demand for pure hydrogen stood at nearly 74mMT per year in 2021, of which low carbon hydrogen accounted for a miniscule share of