The industrial sector is expected to dominate hydrogen demand in the approaching decades and not transportation, according to a new report from the International Chamber of Shipping.
The Turning Hydrogen Demand into Reality: Which Sectors Come First report found that hydrogen demand could double by 2040, mostly coming from industrial sectors due to the fact it’s “easier to uptake.”
The rest of the demand will come from new industrial uses, with a small share of less than 5{c431b1036349617aea55b35aa92592c3cb3fecc7f94273a754a3b674e9a603ce} from the transport sector.
The report stated, “Current hydrogen scenarios for the coming decades depict the main use cases for hydrogen (and its derivatives) in the early stages being in energy-intensive industry (chemicals, fertiliser, steel and cement), followed by the transport sector (road, aviation) and finally the buildings sector.”
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