Hydrogen Market Penetration
Hydrogen market penetration refers to the extent to which hydrogen is adopted and used as an energy source or feedstock in various industries and applications. Hydrogen has gained significant attention as a potential clean energy carrier and has the potential to play a crucial role in reducing greenhouse gas emissions, particularly in sectors that are challenging to decarbonize, such as transportation and heavy industry. The choice of whether to enter new markets directly or through partners is contingent upon several industry-specific considerations in the hydrogen sector.