All Reports
3Q 2022

Hydrogen and Power-to-X Fuels in Shipping and Aviation

Green Hydrogen, Synthetic Kerosene, Green Ammonia, and E-Methanol: Global Consumption and Revenue Forecasts, 2023-2050

Hydrogen shows considerable promise as a zero-carbon energy carrier for hard-to-abate transportation segments. Decarbonizing the shipping and aviation industries requires climate neutral fuels that can enable long journeys without the need for frequent refueling. Alternative fuels must also be capable of scaling up to replace a meaningful share of the millions of tons of hydrocarbons used to power vessels and aircraft today. These requirements have created a significant market opportunity for green hydrogen, both as a fuel and as a feedstock for other Power-to-X (PtX) products such as green ammonia, e-methanol, and synthetic kerosene.

This Guidehouse Insights report focuses on the scale-up of hydrogen and PtX fuel consumption across the shipping and aviation sectors through 2050. The report provides an overview of ongoing hydrogen related developments and assesses the levels of consumption required to achieve emissions reduction targets in each major application. A central forecast is provided in three-year increments segmented by transportation category and sub-category and separated out by fuel type. The forecast is supported by an analysis of technical, economic, and policy-related drivers and barriers to PtX adoption across transportation end-uses.

Pages 39
Tables | Charts | Figures 31
  • What are the key propulsion and fuel cell technologies for hydrogen in shipping and aviation?
  • Which companies are working on hydrogen uptake in shipping and aviation?
  • What proportion of marine and aviation fuel demand will green hydrogen, synthetic kerosene, green ammonia, and e-methanol account for by 2050?
  • What are the technical and commercial barriers to hydrogen uptake in the shipping and aviation sectors?
  • What are the expected costs for green hydrogen and other PtX fuels through 2050?
  • What are the drivers behind hydrogen uptake across the shipping and aviation sectors?
  • Electrolyzer manufacturers
  • Fuel cell manufacturers
  • Hydrogen storage players
  • Ammonia, methanol and synthetic kerosene producers
  • Airlines
  • Aircraft manufacturers
  • Shipowners
  • Port and terminal operators
  • Hydrogen nonprofits and research organizations
  • Utilities
  • Policy makers
  • Investor community

1. Executive Summary

1.1    Overview

1.2    Market Status

1.3    Market Forecast

2. Market Issues

2.1    Aviation

2.1.1   Aviation Sector Climate Targets

2.1.2   Sustainable Aviation Fuels

2.1.3   Battery-Electric Aircraft

2.1.4   Hydrogen Fuel Cell Aircraft

2.1.5   Hydrogen Combustion

2.2    Shipping

2.2.1   Shipping Sector Climate Targets

2.2.2   Low Carbon Shipping Fuels

2.2.3   Combustion-based Propulsion Systems

2.2.4   Fuel Cell Electric Propulsion Systems

2.3    Fuel Cell Technologies

2.3.1   Density Limitations

2.3.2   Auxiliary Power Requirements

2.4    Hydrogen Storage Technologies

2.5    Revolutionary Airframe Designs

2.6    Market Drivers

2.6.1   Adoption of Hydrogen in Related Applications

2.6.2   Expansion in the Ocean-borne Transportation of Hydrogen Derivatives

2.6.3   Reductions in Radiative Forcing Impacts

2.7    Market Barriers

2.7.1   Renewable Energy Availability

2.7.2   Increased Cost of Alternative Fuel Adoption

2.7.3   Safety Considerations

3. Market Forecasts

3.1    Methodology

3.2    Global Market Overview

3.2.1   PtX Fuels in Aviation

3.2.2   PtX Fuels in Shipping

3.3    Sectoral Market Overview

3.3.1   Liquid and Compressed Hydrogen in Aviation

3.3.2   Synthetic Kerosene in Aviation

3.3.3   Liquid and Compressed Hydrogen in Shipping

3.3.4   Green Ammonia in Shipping

3.3.5   E-methanol in Shipping

4. Conclusions and Recommendations

5. Acronym and Abbreviation List

6. Table of Contents

7. Table of Charts and Figures

8. Scope of Study

9. Sources, Methodology & Notes

  • Power-to-X Fuel Consumption in Aviation and Shipping by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Consumption in Aviation by Fuel Type, World Markets, 2023‑2050
  • Power-to-X Fuel Consumption in Shipping by Fuel Type, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Consumption and Revenue in Aviation by Aircraft Range, World Markets, 2023-2050
  • Synthetic Kerosene Consumption and Revenue in Aviation by Aircraft Range, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Consumption and Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • Green Ammonia Consumption and Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • E-methanol Consumption and Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • Power-to-X Fuel Average Pricing Outlook, 2023-2050
  • Power-to-X Fuel Consumption and Revenue in Aviation by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Consumption and Revenue in Shipping by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Consumption in Aviation and Shipping by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Revenue in Aviation and Shipping by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Average Pricing Outlook, 2023-2050
  • Power-to-X Fuel Consumption in Aviation by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Revenue in Aviation by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Consumption in Shipping by Fuel Type, World Markets, 2023-2050
  • Power-to-X Fuel Revenue in Shipping by Fuel Type, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Consumption in Aviation by Aircraft Range, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Revenue in Aviation by Aircraft Range, World Markets, 2023-2050
  • Synthetic Kerosene Consumption in Aviation by Aircraft Range, World Markets, 2023-2050
  • Synthetic Kerosene Revenue in Aviation by Aircraft Range, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Consumption in Shipping by Vessel Type, World Markets, 2023-2050
  • Liquid and Compressed Hydrogen Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • Green Ammonia Consumption in Shipping by Vessel Type, World Markets, 2023-2050
  • Green Ammonia Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • E-methanol Consumption in Shipping by Vessel Type, World Markets, 2023-2050
  • E-methanol Revenue in Shipping by Vessel Type, World Markets, 2023-2050
  • Aviation Market Segments
  • Shipping Market Segments
  • Fuel Cell Technologies for Transportation Applications
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