Learn about the global hydrogen market through The Business Research Company, which provides information on hydrogen market size, hydrogen market drivers and restraints, hydrogen market players, the COVID-19 impact on the hydrogen market, and more.

The global hydrogen market reached a value of nearly $9,800.4 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The hydrogen market is expected to grow from $9,800.4 billion in 2020 to $ 12,172.6 million in 2025 at a rate of 4.4%. The growth in the hydrogen market is mainly due to the growing demand from energy, oil and gas end user industries which is expected to drive the demand for hydrogen. The hydrogen market is expected to grow from $ 12,172.6 billion in 2025 to $ 15,010.9 million in 2030 at a CAGR of 4.3%.

Growing economies, growing demand from energy, oil and gas end user industries and, increase in mergers and acquisitions of players in the industrial gas are expected to drive the market.

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The hydrogen market consists of the sales of hydrogen by entities (organizations, sole traders or partnerships) that manufacture hydrogen ingas or liquid forms. Hydrogen is an active agent in oil refineries and an important ingredient in a range of other industries including chemical production, metal refining, food processing and electronics manufacturing. Only goods and services traded between entities or sold to end consumers are included.

Global Hydrogen Market Segments Include:

By Mode Of Distribution- Pipeline, High Pressure Tube Trailers, Cylinder

By End User– Chemicals, Refining, Aerospace And Automotive, Energy, Glass, Welding And Metal Fabrication, Others

By Application – Chemical, Refinery, Metal Processing, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the hydrogen market, accounting for 40.2% of the total in 2020.

The rising concerns about greenhouse emissions and consequent climate change are motivating hydrogen manufacturing companies to invest in the production of green hydrogen. Green hydrogen is produced by using electric current to breakwater, H2O, into its component elements of hydrogen and oxygen without any harmful emissions. The electric current is generated from renewable resources such as onshore and offshore wind and solar power. The green hydrogen is then used in industries or can be stored in existing gas pipelines to power household appliances.

TBRC’s hydrogen market report covers:

Major Market Players: Air Products and Chemicals, Inc., The Linde Group, L’Air Liquide S.A, Taiyo Nippon Sanso Corp., Air Water Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Hydrogen Global Market Report 2021: Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides hydrogen market overviews, analyses and forecasts market size, share, hydrogen market players, hydrogen market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hydrogen market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Green Hydrogen Global Market Report 2021

Carbon Dioxide Global Market Report 2021

Hydrogen Powered Transport Global Market Report 2021

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