A recent report from Guidehouse Insights projects substantial growth in the hydrogen-capable gas turbines (HGT) market over the next decade. This development highlights the increasing relevance of low-carbon power generation technologies in global energy trends.
Rising Demand for Low-Carbon Power
The report estimates that global HGT capacity will grow from 6,140 MW in 2024 to 16,234 MW in 2033. Correspondingly, revenue from equipment sales is expected to increase from $3.25 billion to $7.14 billion during the same period. This surge is driven by efforts to reduce fossil fuel consumption in the power sector, with hydrogen or hydrogen-natural gas blends emerging as viable alternatives to traditional gas-fired generation.
Market Drivers and Trends
“Efforts to reduce power sector fossil fuel consumption are driving interest in gas turbines capable of operating using hydrogen or hydrogen-natural gas blends,” said Jacques Moss, senior research analyst with Guidehouse Insights. Despite uncertainties regarding hydrogen availability, HGTs are poised to capture a significant share of power generation equipment sales over the next decade.
Currently, some gas turbines consume hydrogen-rich gas streams, primarily from by-product gases in petroleum refining or industrial processes. Major manufacturers are enhancing their product ranges to increase blend capabilities and aim to commercialize 100% hydrogen gas turbines by the 2030s. Policy support in key markets like the US, Germany, Japan, and South Korea is also bolstering these advancements.
Technical and Policy Factors
The report, “Hydrogen-Capable Gas Turbines,” provides a comprehensive overview of the technical, commercial, and policy factors influencing HGT adoption over the next ten years. It includes an analysis of planned hydrogen power generation capacity and manufacturers’ timelines for hydrogen technology integration.
About Guidehouse Insights
Guidehouse Insights, the market intelligence arm of Guidehouse, specializes in research, data, and benchmarking services for clean technology markets. Their methodology combines supply-side industry analysis, end-user primary research, and demand assessment, offering a thorough examination of technology trends and resilient infrastructure systems.
About Guidehouse
Guidehouse is a global consulting firm serving public and commercial markets. Their expertise spans management, technology, and risk consulting, helping clients navigate regulatory pressures and drive transformational change. With over 16,000 professionals in more than 55 locations worldwide, Guidehouse leverages both traditional and emerging technologies to address complex challenges and foster future growth.
Source：prnewswire.com
