Hydrogen Market Size, Share Report, Analysis, Trends, Growth 2032
Hydrogen Market By Delivery Mode (Captive and Merchant), by Technology (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, and Electrolysis of Water), and by End User (Chemical, Petroleum Refining, Metal Processing, Automotive Fuel, Glass Industry, Edible Fats and Oils, Energy, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 263.55 Billion | USD 426.71 Billion | 5.5% | 2023 |
Table Of Content
- Chapter 1. Introduction
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
- 1.3.1. Market research process
- 1.3.2. Market research methodology
- Chapter 2. Executive Summary
- 2.1. Global hydrogen market, 2015 – 2023 (USD Billion)
- 2.2. Global hydrogen market: snapshot
- Chapter 3. Hydrogen Market– Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Global hydrogen market drivers: impact analysis
- 3.2.2. Increasing use of hydrogen in petroleum industries
- 3.2.3. Increasing demand for hydrogen from refinery hydro-processing industry
- 3.3. Market Restraints
- 3.3.1. Global hydrogen market restraints: impact analysis
- 3.3.2. Lack of proper distribution and transportation infrastructure and safety concerns
- 3.4. Opportunities
- 3.4.1. Developments in electrolytic hydrogen production
- 3.5. Porter’s five forces analysis
- 3.5.1. Bargaining power of suppliers
- 3.5.2. Bargaining power of buyers
- 3.5.3. The threat of new entrants
- 3.5.4. The threat of new substitutes
- 3.5.5. Degree of competition
- 3.6. Market Attractiveness Analysis
- 3.6.1. Market attractiveness analysis, by delivery mode segment
- 3.6.2. Market attractiveness analysis, by technology segment
- 3.6.3. Market attractiveness analysis, by end user segment
- 3.6.4. Market attractiveness analysis, by regional segment
- Chapter 4. Global Hydrogen Market– Competitive Landscape
- 4.1. Company market share analysis
- 4.1.1. Global hydrogen market: company market share, 2017
- 4.2. Strategic development
- 4.2.1. Acquisitions & mergers
- 4.2.2. New technology launch
- 4.2.3. Agreements, partnerships, collaborations and joint ventures
- 4.2.4. Research and development and regional expansion
- 4.3. Price trend analysis
- 4.1. Company market share analysis
- Chapter 5. Global Hydrogen Market– Delivery Mode Segment Analysis
- 5.1. Global hydrogen market: delivery mode overview
- 5.1.1. Global hydrogen market revenue share, by delivery mode, 2017 and 2023
- 5.2. Captive
- 5.2.1. Global hydrogen market for the captive market, 2015 – 2023 (USD Billion)
- 5.3. Merchant
- 5.3.1. Global hydrogen market for merchant market, 2015 – 2023 (USD Billion)
- 5.1. Global hydrogen market: delivery mode overview
- Chapter 6. Global Hydrogen Market– Technology Segment Analysis
- 6.1. Global hydrogen market: technology overview
- 6.1.1. Global hydrogen market revenue share, by technology, 2017 and 2023
- 6.2. Steam Methane Reforming
- 6.2.1. Global hydrogen market by steam methane reforming, 2015 – 2023 (USD Billion)
- 6.3. Partial Oxidation of Oil
- 6.3.1. Global hydrogen market by partial oxidation of oil, 2015 – 2023 (USD Billion)
- 6.4. Coal Gasification
- 6.4.1. Global hydrogen market by coal gasification, 2015 – 2023 (USD Billion)
- 6.5. Electrolysis of Water
- 6.5.1. Global hydrogen market by electrolysis of water, 2015 – 2023 (USD Billion)
- 6.1. Global hydrogen market: technology overview
- Chapter 7. Global Hydrogen Market– End User Segment Analysis
- 7.1. Global hydrogen market: end user overview
- 7.1.1. Global hydrogen market revenue share, by end user, 2017 and 2023
- 7.2. Chemical
- 7.2.1. Global hydrogen market for chemical, 2015 – 2023 (USD Billion)
- 7.3. Petroleum Refining
- 7.3.1. Global hydrogen market for petroleum refining, 2015 – 2023 (USD Billion)
- 7.4. Metal Processing
- 7.4.1. Global hydrogen market for metal processing, 2015 – 2023 (USD Billion)
- 7.5. Automotive Fuel
- 7.5.1. Global hydrogen market for automotive fuel, 2015 – 2023 (USD Billion)
- 7.6. Glass Industry
- 7.6.1. Global hydrogen market for glass industry, 2015 – 2023 (USD Billion)
- 7.7. Edible Fats and Oils
- 7.7.1. Global hydrogen market for edible fats and oils, 2015 – 2023 (USD Billion)
- 7.8. Energy
- 7.8.1. Global hydrogen market for energy, 2015 – 2023 (USD Billion)
- 7.9. Others
- 7.9.1. Global hydrogen market for other end users, 2015 – 2023 (USD Billion)
- 7.1. Global hydrogen market: end user overview
- Chapter 8. Global Hydrogen Market– Regional Segment Analysis
- 8.1. Global hydrogen market: regional overview
- 8.1.1. Global hydrogen market revenue share, by region, 2017 and 2023
- 8.2. North America
- 8.2.1. North America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.2.2. North America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.2.3. North America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.2.4. U.S.
- 8.2.4.1. U.S. hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.2.4.2. U.S. hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.2.4.3. U.S. hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.2.5. Canada
- 8.2.5.1. Canada hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.2.5.2. Canada hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.2.5.3. Canada hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.2.6. Rest of North America
- 8.2.6.1. Rest of North America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.2.6.2. Rest of North America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.2.6.3. Rest of North America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.3.2. Europe hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.3.3. Europe hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.3.4. U.K.
- 8.3.4.1. U.K. hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.3.4.2. U.K. hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.3.4.3. U.K. hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.3.5. Germany
- 8.3.5.1. Germany hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.3.5.2. Germany hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.3.5.3. Germany hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.3.6. France
- 8.3.6.1. France hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.3.6.2. France hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.3.6.3. France hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.3.7. Rest of Europe
- 8.3.7.1. Rest of Europe hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.3.7.2. Rest of Europe hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.3.7.3. Rest of Europe hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.4.2. Asia Pacific hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.4.3. Asia Pacific hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.4.4. China
- 8.4.4.1. China hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.4.4.2. China hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.4.4.3. China hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.4.5. Japan
- 8.4.5.1. Japan hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.4.5.2. Japan hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.4.5.3. Japan hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.4.6. India
- 8.4.6.1. India hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.4.6.2. India hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.4.6.3. India hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.4.7. Rest of Asia Pacific
- 8.4.7.1. Rest of Asia Pacific hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.4.7.2. Rest of Asia Pacific hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.4.7.3. Rest of Asia Pacific hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.5. Latin America
- 8.5.1. Latin America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.5.2. Latin America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.5.3. Latin America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.5.4. Brazil
- 8.5.4.1. Brazil hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.5.4.2. Brazil hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.5.4.3. Brazil hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.5.5. Rest of Latin America
- 8.5.5.1. Rest of Latin America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.5.5.2. Rest of Latin America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.5.5.3. Rest of Latin America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.6.2. Middle East and Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.6.3. Middle East and Africa hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.6.4. Saudi Arabia
- 8.6.4.1. Saudi Arabia hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.6.4.2. Saudi Arabia hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.6.4.3. Saudi Arabia hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.6.5. UAE
- 8.6.5.1. UAE hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.6.5.2. UAE hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.6.5.3. UAE hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.6.6. South Africa
- 8.6.6.1. South Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.6.6.2. South Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.6.6.3. South Africa hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.6.7. Rest of Middle East and Africa
- 8.6.7.1. Rest of Middle East and Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
- 8.6.7.2. Rest of Middle East and Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
- 8.6.7.3. Rest of Middle East and Africa hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
- 8.1. Global hydrogen market: regional overview
- Chapter 9. Company Profile
- 9.1. Air Liquide S.A.
- 9.1.1. Overview
- 9.1.2. Financials
- 9.1.3. Product portfolio
- 9.1.4. Business strategy
- 9.1.5. Recent developments
- 9.2. The Linde Group
- 9.2.1. Overview
- 9.2.2. Financials
- 9.2.3. Product portfolio
- 9.2.4. Business strategy
- 9.2.5. Recent developments
- 9.3. Air Products and Chemicals, Inc.
- 9.3.1. Overview
- 9.3.2. Financials
- 9.3.3. Product portfolio
- 9.3.4. Business strategy
- 9.3.5. Recent developments
- 9.4. Iwatani Corporation
- 9.4.1. Overview
- 9.4.2. Financials
- 9.4.3. Product portfolio
- 9.4.4. Business strategy
- 9.4.5. Recent developments
- 9.5. Showa Denko K.K.
- 9.5.1. Overview
- 9.5.2. Financials
- 9.5.3. Product portfolio
- 9.5.4. Business strategy
- 9.5.5. Recent developments
- 9.6. Teledyne Technologies Inc.
- 9.6.1. Overview
- 9.6.2. Financials
- 9.6.3. Product portfolio
- 9.6.4. Business strategy
- 9.6.5. Recent developments
- 9.7. Messer Group GmbH
- 9.7.1. Overview
- 9.7.2. Financials
- 9.7.3. Product portfolio
- 9.7.4. Business strategy
- 9.7.5. Recent developments
- 9.8. Hydrogenics Corp.
- 9.8.1. Overview
- 9.8.2. Financials
- 9.8.3. Product portfolio
- 9.8.4. Business strategy
- 9.8.5. Recent developments
- 9.9. Nel ASA
- 9.9.1. Overview
- 9.9.2. Financials
- 9.9.3. Product portfolio
- 9.9.4. Business strategy
- 9.9.5. Recent developments
- 9.10. Southern Industrial Gas Sdn Bhd
- 9.10.1. Overview
- 9.10.2. Financials
- 9.10.3. Product portfolio
- 9.10.4. Business strategy
- 9.10.5. Recent developments
- 9.11. Hy.Gear B.V.
- 9.11.1. Overview
- 9.11.2. Financials
- 9.11.3. Product portfolio
- 9.11.4. Business strategy
- 9.11.5. Recent developments
- 9.12. Air Products and Chemicals, Inc.
- 9.12.1. Overview
- 9.12.2. Financials
- 9.12.3. Product portfolio
- 9.12.4. Business strategy
- 9.12.5. Recent developments
- 9.13. Iwatani Corporation
- 9.13.1. Overview
- 9.13.2. Financials
- 9.13.3. Product portfolio
- 9.13.4. Business strategy
- 9.13.5. Recent developments
- 9.14. Showa Denko K.K.
- 9.14.1. Overview
- 9.14.2. Financials
- 9.14.3. Product portfolio
- 9.14.4. Business strategy
- 9.14.5. Recent developments
- 9.15. ALLY HI-TECH CO., LTD
- 9.15.1. Overview
- 9.15.2. Financials
- 9.15.3. Product portfolio
- 9.15.4. Business strategy
- 9.15.5. Recent developments
- 9.16. Ellenbarrie Industrial Gases Ltd.
- 9.16.1. Overview
- 9.16.2. Financials
- 9.16.3. Product portfolio
- 9.16.4. Business strategy
- 9.16.5. Recent developments
- 9.17. Hydrogenics Corp.
- 9.17.1. Overview
- 9.17.2. Financials
- 9.17.3. Product portfolio
- 9.17.4. Business strategy
- 9.17.5. Recent developments
- 9.18. CLAIND srl
- 9.18.1. Overview
- 9.18.2. Financials
- 9.18.3. Product portfolio
- 9.18.4. Business strategy
- 9.18.5. Recent developments
- 9.19. Bristol Gases – Concorde Corodex Group
- 9.19.1. Overview
- 9.19.2. Financials
- 9.19.3. Product portfolio
- 9.19.4. Business strategy
- 9.19.5. Recent developments
- 9.20. Taiyo Nippon Sanso Corporation
- 9.20.1. Overview
- 9.20.2. Financials
- 9.20.3. Product portfolio
- 9.20.4. Business strategy
- 9.20.5. Recent developments
- 9.21. Yateem Oxygen
- 9.21.1. Overview
- 9.21.2. Financials
- 9.21.3. Product portfolio
- 9.21.4. Business strategy
- 9.21.5. Recent developments
- 9.1. Air Liquide S.A.
Table Of Figures
List of Figures
1. Market research process
2. Market research methodology
3. Global hydrogen market revenue, 2015 – 2023 (USD Billion)
4. Porter’s five forces analysis
5. Hydrogen market attractiveness analysis, by delivery mode segment
6. Hydrogen market attractiveness analysis, by technology segment
7. Hydrogen market: market attractiveness analysis, by end user segment
8. Hydrogen market: market attractiveness analysis, by regional segment
9. Company market share analysis, 2017
10. Global hydrogen market revenue share by delivery mode, 2017 and 2023
11. Global hydrogen market for the captive market, 2015 – 2023 (USD Billion)
12. Global hydrogen market for merchant market, 2015 – 2023 (USD Billion)
13. Global hydrogen market revenue share by technology, 2017 and 2023
14. Global hydrogen market for steam methane reforming market, 2015 – 2023 (USD Billion)
15. Global hydrogen market for partial oxidation of oil market, 2015 – 2023 (USD Billion)
16. Global hydrogen market for coal gasification market, 2015 – 2023 (USD Billion)
17. Global hydrogen market for electrolysis of water market, 2015 – 2023 (USD Billion)
18. Global hydrogen market revenue share by the end user, 2017 and 2023
19. Global hydrogen market for chemical, 2015 – 2023, (USD Billion)
20. Global hydrogen market for petroleum refining, 2015 – 2023, (USD Billion)
21. Global hydrogen market for metal processing, 2015 – 2023, (USD Billion)
22. Global hydrogen market for automotive fuel, 2015 – 2023, (USD Billion)
23. Global hydrogen market for the glass industry, 2015 – 2023, (USD Billion)
24. Global hydrogen market for edible fats and oils, 2015 – 2023, (USD Billion)
25. Global hydrogen market for energy, 2015 – 2023, (USD Billion)
26. Global hydrogen market for other end users, 2015 – 2023, (USD Billion)
Table Of Tables
List of Tables
1. Hydrogen market: market snapshot
2. Drivers of global hydrogen market: impact analysis
3. Restraints of global hydrogen market: impact analysis
4. North America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
5. North America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
6. North America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
7. U.S. hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
8. U.S. hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
9. U.S. hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
10. Canada hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
11. Canada hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
12. Canada hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
13. Rest of North America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
14. Rest of North America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
15. Rest of North America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
16. Europe hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
17. Europe hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
18. Europe hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
19. U.K. hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
20. U.K. hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
21. U.K. hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
22. Germany hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
23. Germany hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
24. Germany hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
25. France hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
26. France hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
27. France hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
28. Rest of Europe hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
29. Rest of Europe hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
30. Rest of Europe hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
31. Asia Pacific hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
32. Asia Pacific hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
33. Asia Pacific hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
34. China hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
35. China hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
36. China hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
37. Japan hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
38. Japan hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
39. Japan hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
40. India hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
41. India hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
42. India hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
43. Rest of Asia Pacific hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
44. Rest of Asia Pacific hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
45. Latin America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
46. Latin America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
47. Latin America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
48. Brazil hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
49. Brazil hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
50. Brazil hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
51. Rest of Latin America hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
52. Rest of Latin America hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
53. Rest of Latin America hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
54. Middle East and Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
55. Middle East and Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
56. Middle East and Africa hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
57. Saudi Arabia hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
58. Saudi Arabia hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
59. Saudi Arabia hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
60. UAE hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
61. UAE hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
62. UAE hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
63. South Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
64. South Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
65. South Africa hydrogen market revenue, by end user, 2015 – 2023 (USD Billion)
66. Rest of Middle East and Africa hydrogen market revenue, by delivery mode, 2015 – 2023 (USD Billion)
67. Rest of Middle East and Africa hydrogen market revenue, by technology, 2015 – 2023 (USD Billion)
68. Rest of Middle East and Africa hydrogen market revenue, by the end user, 2015 – 2023 (USD Billion)
Methodology
FrequentlyAsked Questions
Large-scale demand for hydrogen in transport, power generation, and construction sectors will propel the business growth over the forecasting years. Escalating use of hydrogen in chemical and iron & steel industries will promulgate the market expansion over the estimated timeframe. Moreover, hydrogen is transferred through pipeline as a gas and in liquid form through ships and these features will favor the expansion of the market size in the years ahead. With overall power & energy industry in flux, the versatile nature of the element has generated keen interest among various sectors across the globe. Furthermore, hydrogen is utilized significantly in refinement of oil as well as manufacturing of fertilizers, thereby driving market trends.
The global Hydrogen market size accrued earnings worth approximately USD 263.55 Billion in 2023 and is predicted to gain revenue of about USD 426.71 Billion by 2032, is set to record a CAGR of nearly 5.50% over the period from 2024 to 2032.
North America is likely to make noteworthy contributions towards overall market revenue during forecast timespan. The regional market growth over 2020-2026 can be credited to humungous presence of oil refining units as well as chemical producing plants in the gulf-coast of North America. Apart from this, reduced costs of natural gas in North America resulting in lowest production costs for hydrogen will define the expansion of the hydrogen market in the region over the forecast timeline. Apart from this, presence of giant manufacturers in the countries like Canada and the U.S. will contribute sizably towards the regional market revenue over the forecast timeframe.
The key players profiled in the report include The Linde Group, ALLY HI-TECH, Hydrogenics, Hy.Gear, Showa Denko K.K., Xebec Adsorption, Air Liquide, Nel ASA, Taiyo Nippon Sanso, Air Products and Chemicals, Bristol Gases – Concorde Corodex, Ellenbarrie Industrial Gases, CLAIND, Iwatani, Messer Group, Southern Industrial Gas, and Yateem Oxygen.
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