Q2/2024 Market Review

Hydrogen Production Technologies

As we pass the midpoint of the year, the hydrogen sector shows signs of robust recovery and growth. Although progress on Project Final Investment Decisions (FIDs) has been limited in the Western world, investments in hydrogen companies are rebounding. The investment lows seen in 2022 and 2023 have been surpassed. This resurgence, coupled with significant growth in Asia and a burgeoning global project pipeline, suggests that the sector may have reached its low point in the first half of 2024.

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Delphi Data Labs - Quarterly Market Review Q2