Argus Hydrogen Analytics
A quarterly analytics service delivering global clean hydrogen demand, supply and production cost forecasts to 2040, covering sectors and regions worldwide.
Overview
Argus Hydrogen Analytics is a quarterly analytics service that delivers medium- to long-term forecasts of the global clean hydrogen market. It covers clean hydrogen demand by sector and region, green and blue supply capacity, levelised cost of production across 30+ locations, and fuel-switching cost comparisons — equipping organisations to navigate investment, planning and strategic decisions in a rapidly evolving policy landscape.
At a glance
- Quarterly forecasts to 2040 for demand, supply and costs.
- Global coverage across ~50 countries and 7 key sectors.
- Impact of policy and regulation on hydrogen market developments.
- Extensive datasets available via the client portal, downloadable in Excel.
- Access to the experts behind Argus’ long-term market analysis.
Key features
Policy and regulation
Quarterly analysis of evolving policies and mandates, identifying regulatory drivers shaping demand, supply and investment across key markets.
Demand forecast
Quarterly global demand forecasts to 2040 covering established sectors for hydrogen — refining, ammonia/fertilisers — and emerging markets including maritime, aviation, power generation, steel and road transport.
Supply forecast and project review
Quarterly forecasts of global green and blue hydrogen supply, with project-level analysis of capacity across key regions.
Production cost analysis
Levelised cost of hydrogen production across 30+ locations globally, comparing green and blue hydrogen costs and identifying the most cost-competitive supply regions to 2040.
Fuel-switching costs
Sector-specific fuel-switching cost analysis across refining, steel, power, ammonia and transport, enabling assessment of where and when clean hydrogen becomes commercially cost-competitive.
Downloadable datasets
Extensive Excel datasets covering capacity, demand, production costs and fuel-switching metrics, accessible via the client portal for direct integration into models and planning tools.
Who uses this service?
Energy producers and developers
- Assess long-term clean hydrogen demand growth by sector and region to 2040.
- Evaluate production cost competitiveness across green and blue hydrogen globally.
- Identify optimal locations and timing for new capacity investment decisions.
Financial institutions and investors
- Evaluate long-term market fundamentals to underpin hydrogen investment cases.
- Assess country-level production cost competitiveness and geopolitical supply risks.
- Track policy developments that influence project viability and expected returns.
Governments and policymakers
- Benchmark national hydrogen strategies against global supply and demand forecasts.
- Understand fuel-switching economics to design effective incentive mechanisms.
- Track clean hydrogen capacity development and identify infrastructure gaps.