Global demand for hydrogen is expected to fall behind production levels by the end of the decade.
Energy Voice says this is among findings in an Energy Industries Council (EIC) report.
By 2030, the trade association for the energy industry predicts that hydrogen production capacity is to reach 150million tonnes - however, there will only be demand for 115 million tonnes.
The EIC has warned that this lower demand for the fuel source could result in investors losing interest in the industry as it looks to establish itself on a global stage, which may put the supply chain at risk.
The hydrogen study tracked projects around the world, analysing the current state and future developments of the hydrogen industry.
Scottish plans
The Scottish Government last year published a five-year plan to help build Scotland's hydrogen economy and deliver an ambition for the technology to provide nearly a sixth of Scotland's energy needs by 2030.
Backed by more than £100million of funding, the draft hydrogen action plan set out the strategic approach Holyrood will take with industry to help make Scotland become a leading nation in the production of reliable, competitive and sustainable hydrogen.
The five-year capital investment programme is focusing on supporting regional renewable hydrogen production hubs and renewable hydrogen projects.
- Energy Voice is also highlighting another report on hydrogen demand from Boston Consulting (BCG) which is much more positive.
BCG says that domestic and global demand for hydrogen is forecast to skyrocket in the next decade.
This prediction is based on the cost of hydrogen falling to competitive levels - something the group expects to happen soon.
It says that production costs could fall by up to 50% by the end of the decade.
However, the report does explain that this is an "optimistic target".
Limiting global warming
BCG reports that 380million tons of low-carbon hydrogen annually will be needed globally in the next 10 years to limit global warming to 2C.
To meet the Paris agreement's figure of 1.5C, then 565million tons per year will be required, according to the group.
A Hydrogen UK spokesperson said: "There has been a lot of focus on scaling hydrogen production in the UK and developing the necessary policies and schemes to support early-stage projects.
"There now needs to be a similar level of detailed work in stimulating demand and removing barriers to the use of hydrogen across the energy sector.
"Hydrogen can be utilised to provide clean affordable energy across a number of different end uses - however demand and production must come forwards in tandem.
Sector developing
"The Government's decision to allow hydrogen to be blended into the gas grid from 2023 will be important for managing any supply-and-demand mismatches in the early stages whilst the sector is developing."
EIC's hydrogen expert and the report's author, Madana Nallappan, said: "EIC data is revealing to us a part of the picture that no one seems to be talking about.
"The hydrogen industry is so far very production-focused - and not enough time and resources are being dedicated to creating the market for the product.
"The risk is that if you don't create enough demand, investors are less likely to consider it as a worthwhile investment."
The hydrogen expert defended the fuel source, saying it presents opportunities for the supply chain, adding that " the equipment needed for the hydrogen sector is already part of other non-hydrogen supply chains such as downstream oil and gas."
"Supply-chain businesses should start acting now to gain the first-mover advantage."