The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

New developments are taking place in healthcare with an increasing emphasis on a healthier, better quality of life, thus driving the market during the forecast period.

The global hydrogen market is expected to grow from $13.57 billion in 2022 to $15.96 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The global hydrogen market size is expected to grow from $29.54 billion in 2027 at a CAGR of 16.6%.

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Global Hydrogen Market Segments Include:

• By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders.
• By Application: Chemical, Refinery, Metal processing, Other Applications.
• By End User: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Other End Users.
• 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 is the largest region in the global hydrogen market in 2021.

Major Market Players in the hydrogen market include Praxair, Inc., Air Liquide S.A, Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG.

Hydrogen manufacturing companies have started adopting the technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in chemicals, fertilizers, transportation, and manufacturing industries. In this process, the weight of the sewage sludge is reduced by means of dehydration, followed by incineration, melting, composting, and drying. This process can be used to produce hydrogen on a large scale for supply to the manufacturing and transportation industries. Companies such as Fuel Cell Energy and Graforce Hydro are investing in this technology. Los Angeles Fuel Cell Energy Inc. is one of the hydrogen manufacturers that operates the world’s largest ‘tri-generation plant’ that converts sewage into electrical power and renewable hydrogen for transportation fuel.

The Hydrogen Global Market Report 2023  provides a hydrogen market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The hydrogen market forecast analyzes hydrogen market size, hydrogen market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Hydrogen is produced as a by-product of industrial chlorine production by electrolysis. Although it requires expensive technologies, hydrogen can be cooled, compressed, and purified for use in other processes on-site or sold to a customer via pipeline, cylinders, or trucks.

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