Hydrogen fuel is simply a zero-emission fuel burning with oxygen; as such it is produced in a completely zero-carbon manner. It can easily be utilized in internal combustion engines or fuel cells. This type of fuel has no pollutants and no carbon emissions associated with it. Hydrogen is also very easy to manage and handle. The main reason for the rising popularity of hydrogen is that it is an abundant source of energy that can easily be harnessed by vehicles. Even though there are several other fuels that are much more abundant in terms of volume and use, they still cannot be compared to hydrogen in terms of availability.
Market Dynamics
The increasing production of hydrogen is expected to propel the global hydrogen market growth over the forecast period. For instance, in August 2021, Linde signed a long-term agreement with Infineon Technologies for the on-site production and storage of high-purity green hydrogen. The agreement also involves the supply of other industrial gases.
The global hydrogen market is witnessing a rise in the prices of products. For instance, from October 2021, or as contracts permit, Air Products announced to increase product pricing, monthly service charges, and surcharges for liquid and bulk industrial gas products for merchant customers in North America.
Key features of the study
- This report provides an in-depth analysis of the global hydrogen market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global hydrogen market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Linde AG, Air Products & Chemicals, Inc., Praxair, Inc., Air Liquide SA, and Airgas Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global hydrogen market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global hydrogen market
Market Segmentation
- Production Source Insights
- Natural Gas
- Coal
- Other Hydrocarbons
- Electrolysis & Other Sources
- Application Insights
- Refineries
- Ammonia
- Methanol and Other Chemicals
- Metal & Fabrications
- Electronics
- Food & Beverages
- Glass & Ceramics
- Others
- Mode of Delivery Insights
- Regional Insights
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Global Hydrogen Market: Key Players
- Linde AG
- Air Products & Chemicals, Inc.
- Praxair, Inc.
- Air Liquide SA
- Airgas Inc.
