3Q 2023

Analyst Insight: Hydrogen in Asia Pacific

Hydrogen Electrolyzer Tracker Insights

The Asia Pacific region is expected to play a central role in the development of the hydrogen economy. China is currently the largest consumer of fossil hydrogen globally and possesses a higher share of operational electrolyzer capacity than any other country. Japan and South Korea are both hydrogen technology leaders with ambitious import plans. Australia is expected to be a key regional exporter, with several gigawatt-scale projects planned for the late 2020s and early 2030s. India is also positioning itself as a significant exporter and consumer of green hydrogen and derivatives.

Released as an accompaniment to Guidehouse Insights’ improved and updated Hydrogen Electrolyzer Tracker 3Q23, this Analyst Insight takes a deep dive into green hydrogen project development across Asia Pacific. The report provides an overview of announced projects in each of the key regional markets, segmented by project development phase: planned, in progress, final investment decision, operational, and delayed. It also includes a review of national policies intended to support electrolyzer manufacturing and deployments, as well as recommendations for hydrogen industry stakeholders to capitalize on growth across Asia Pacific.

Pages 14
Tables | Charts | Figures 6
  • What are the key facts regarding hydrogen electrolyzer development in Asia Pacific?
  • What are the key trends and policy incentives for Australia?
  • What are the key trends and policy incentives for India?
  • What are the key trends and policy incentives for Japan?
  • What are the key trends and policy incentives for South Korea?
  • What are the key trends and policy incentives for China?
  • What are some of the key recommendations for stakeholders?
  • Hydrogen producers
  • Investors
  • Electrolyzer producers
  • Industry players
  • Policymakers



Executive Summary

Regional Market Overview

Country Profiles

Key Recommendations

Acronyms, Abbreviations, and Project Definitions

Additional Resources


  • Regional Market Overview
  • Cumulative Electrolyzer Capacity (MW), Australia: 2023-2030
  • Cumulative Electrolyzer Capacity (MW), China: 2017-2035
  • Cumulative Electrolyzer Capacity (MW), Japan: 2005-2024
  • Cumulative Electrolyzer Capacity (MW), India: 2023-2030
  • Cumulative Electrolyzer Capacity (MW), South Korea: 2023-2030
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