Global Hydrogen Market Growth 2023-2028

Report ID: 1170065 | Published Date: Jan 2025 | No. of Page: 103 | Base Year: 2024 | Rating: 4.4 | Webstory: Check our Web story

Hydrogen is a clean alternative to methane, also known as natural gas. It's the most abundant chemical element
The global market for Hydrogen is estimated to increase from US$ 140650 million in 2021 to reach US$ 158740 million by 2028, exhibiting a CAGR of 1.7% during 2022-2028. Keeping in mind the uncertainties of COVID-19 and Russia-Ukraine War, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Global key players of Hydrogen include Linde Group, Sinopec, Air Products, Air Liquide, Taiyo Nippon Sanso, etc. The top five players hold a share about 10%. China is the largest producer, holds a share around 31%, followed by Europe and North America, with share 24% and 15%, separately. The largest market is China, has a share about 30%, followed by Europe and North America, with around 27% and 15% market share respectively.
Report Coverage
This latest report provides a deep insight into the global Hydrogen market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, value chain analysis, etc.
This report aims to provide a comprehensive picture of the global Hydrogen market, with both quantitative and qualitative data, to help readers understand how the Hydrogen market scenario changed across the globe during the pandemic and Russia-Ukraine War.
The base year considered for analyses is 2021, while the market estimates and forecasts are given from 2022 to 2028. The market estimates are provided in terms of revenue in USD millions and volume in K MT.
Market Segmentation:
The study segments the Hydrogen market and forecasts the market size by Type (Captive Hydrogen and Merchant Hydrogen,), by Application (Oil Refining, Ammonia Production, Methanol Production and Steel Production), and region (APAC, Americas, Europe, and Middle East & Africa).
Segmentation by type
Captive Hydrogen
Merchant Hydrogen
Segmentation by application
Oil Refining
Ammonia Production
Methanol Production
Steel Production
The Fuel Cell
Electronics And Semiconductors
Others
Segmentation by region
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Major companies covered
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yinde Gas
Meijin Energy
Donghua Energy
Sinopec
Huachang Chemical
Chapter Introduction
Chapter 1: Scope of Hydrogen, Research Methodology, etc.
Chapter 2: Executive Summary, global Hydrogen market size (sales and revenue) and CAGR, Hydrogen market size by region, by type, by application, historical data from 2017 to 2022, and forecast to 2028.
Chapter 3: Hydrogen sales, revenue, average price, global market share, and industry ranking by company, 2017-2022
Chapter 4: Global Hydrogen sales and revenue by region and by country. Country specific data and market value analysis for the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America and Middle East & Africa.
Chapter 5, 6, 7, 8: Americas, APAC, Europe, Middle East & Africa, sales segment by country, by type, and type.
Chapter 9: Analysis of the current market trends, market forecast, opportunities and economic trends that are affecting the future marketplace
Chapter 10: Manufacturing cost structure analysis
Chapter 11: Sales channel, distributors, and customers
Chapter 12: Global Hydrogen market size forecast by region, by country, by type, and application.
Chapter 13: Comprehensive company profiles of the leading players, including Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yinde Gas, Meijin Energy and Donghua Energy, etc.
Chapter 14: Research Findings and Conclusion

Frequently Asked Questions
Global Hydrogen Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Global Hydrogen Market report is categorised based on following features:
  1. Global Market Players
  2. Geopolitical regions
  3. Consumer Insights
  4. Technological advancement
  5. Historic and Future Analysis of the Market
Global Hydrogen Market report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.

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