Valves for the Hydrogen Market Fluidics for the Future: Smart Valves for the Hydrogen World

Green hydrogen is becoming the standard: A study by Deloitte predicts that it will reach a market share of 85 percent by 2050, exceeding 500 million metric tons. At the same time, 9.4 trillion dollars must be invested in the supply chain every year until then. It is no wonder that valve manufacturers want a piece of this pie.

The hydrogen market plays a central role in achieving climate neutrality by 2050; therefore, approximately 375 billion dollars are invested in it annually. This forecast comes from the study "Green Hydrogen: Energizing the Path to Net Zero. Deloitte’s 2023 Global Green Hydrogen Outlook." By 2050, the industrial sector will account for 42 percent of total demand for green hydrogen, and the transport sector for 36 percent. "Green hydrogen can cumulatively save up to 85 gigatons of CO₂ by 2050." The prospects are enticing.

According to the Deloitte study, four regions will account for a total of 46 percent of global hydrogen production and 90 percent of trade by 2050: North Africa (44 million tons), Australia (16 million tons), North America (24 million tons), and the Middle East (13 million tons). "The primary import hubs will be Europe, Japan, Korea, and India, accounting for more than 80 percent of global trade."