Hydrogen Market Growth Analysis And Indications – Includes Hydrogen Market Report
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Major players in the hydrogen market include Air Products and Chemicals, Inc., The Linde Group, L’Air Liquide S.A, Taiyo Nippon, Sanso Corp., Air Water Inc.
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The hydrogen market is expected to reach $12.17 billion 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 $12.17 billion in 2025 to $15.01 billion in 2030 at a CAGR of 4.3%.
Asia-Pacific was the largest region in the global hydrogen market.
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.
Increase in global industrial gas mergers and acquisitions (M&A) is expected to drive the demand for hydrogen market.
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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.
TBRC’s Hydrogen Market Report Is Segments:
By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders
By Application: Chemical, Refinery, Metal Processing, Others
By End-User: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Others
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Hydrogen Market Report 2022 –Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides an overview of the hydrogen market globally and regionally, analyzes and forecasts market size, share, hydrogen market players, hydrogen market segments, leading competitor revenues, profiles and market shares.
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