Rising demand driven by road transport and maritime sectors
Hydrogen demand to grow rapidly – DNV
Paris Agreement targets are not achievable without a large-scale hydrogen economy, survey respondents say
World hydrogen demand is expected to increase to 24EJ/yr by 2050, with the road transport and maritime sectors accounting for nearly half of that demand, according to a new report from consultancy DNV. DNV’s figure is at the top end of demand scenarios foreseen by other reports. In comparison, the strong policy scenario in research firm BloombergNEF’s Hydrogen Economy Outlook foresees 27 EJ/yr (696mn t/yr) of demand by 2050, putting it at the top of the range of eight reports evaluated by the World Energy Council, a network of energy leaders and practitioners. Hydrogen demand growth is hard to predict as the industry is relatively small and its expansion is predicated on unknowns such as tec
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
