Hydrogen Market: By Delivery Mode, By Production Method, By End User, and Geography
Hydrogen Market size was valued at US$ 240.7 billion in 2023 and is expected to reach a value of US$ 415.9 billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by delivery mode, production method, and end-user. By delivery mode, the market has been segmented into centralized production and distributed production. The centralized production segment is likely to be the largest and fastest-growing segment in terms of technology.
Based on the production method, the market is segmented into steam methane reforming, partial oxidation of oil, coal gasification, water electrolysis, and others. Among these, the coal gasification segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of end-user, the market is segregated into chemicals, petroleum refining, metal processing, automotive fuel, glass industry, edible fats & oils, energy, and others. The petroleum refining segment is expected to be the fastest-growing segment in the market.
Study Period
2024-2030Base Year
2023CAGR
x%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Businesses that produce hydrogen have begun to use sewage-based hydrogen generation technology. Hydrogen gas produced from sewage sludge can be used in a variety of industries, including chemicals, fertilizers, transportation, and manufacturing. The weight of sewage sludge is reduced in this process via dehydration, followed by incineration, melting, composting, and drying. This process can be used to create hydrogen in large quantities for use in manufacturing and transportation.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 240.7 billion |
Market Size in 2030 |
US$ 415.9 billion |
Market CAGR |
x% |
By Delivery Mode |
|
By Production Method |
|
By End User |
|
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Hydrogen market size was valued at US$ 240.7 billion in 2023 and is set to reach at a value of US$ 415.9 billion by 2030, growing at a CAGR of 7.8%
The major players in the global hydrogen market are Aditya Birla Chemical Ltd, Air Liquide, Bhuruka Gas Limited, Dcw Limited, Ghcl Ltd, Gujarat Alkali and Chemical Limited, Inox Air Product, Linde Limited, Praxair Pvt Ltd and Tata Chemical Limited.
Asia Pacific is the fastest-growing region for hydrogen market
1. Executive Summary |
2. Global Hydrogen Market Introduction |
2.1. Global Hydrogen Market - Taxonomy |
2.2. Global Hydrogen Market -Definitions |
2.2.1. By Delivery Mode |
2.2.2. By Production Method |
2.2.3. By End User |
3. Global Hydrogen Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Hydrogen Market Dynamic Factors - Impact Analysis |
3.6. Global Hydrogen Market - Competition Landscape |
4. Global Hydrogen Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Hydrogen Market, By Delivery Mode, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
5.1. Centralized Production |
5.1.1. Pipelines |
5.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.1.3. Market Opportunity Analysis |
5.1.2. Trucks |
5.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.2.3. Market Opportunity Analysis |
5.1.3. Cylinders |
5.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3.3. Market Opportunity Analysis |
5.2. Distributed Prodution |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Hydrogen Market Forecast, By Production Method, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.1. Steam Methane Reforming |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Partial Oxidation of Oil |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Coal Gasification |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Water Electrolysis |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Hydrogen Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.1. Chemicals |
7.1.1. Ammonia |
7.1.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.1.3. Market Opportunity Analysis |
7.1.2. Methanol |
7.1.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.2.3. Market Opportunity Analysis |
7.1.3. Resin |
7.1.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3.3. Market Opportunity Analysis |
7.1.4. Polymer |
7.1.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.4.3. Market Opportunity Analysis |
7.2. Petroleum Refining |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Metal Processing |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Automotive Fuel |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Glass Industry |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Edible Fats & Oils |
7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
7.7. Energy |
7.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.7.3. Market Opportunity Analysis |
7.8. Others |
7.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.8.3. Market Opportunity Analysis |
8. Global Hydrogen Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Region, 2024 - 2030 |
9. North America HydrogenMarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
9.1. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Centralized Production |
9.1.1.1. Pipelines |
9.1.1.2. Trucks |
9.1.1.3. Cylinders |
9.1.2. Distributed Production |
9.2. Production Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Steam Methane Reforming |
9.2.2. Partial Oxidation of Oil |
9.2.3. Coal Gasification |
9.2.4. Water Electrolysis |
9.2.5. Others |
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Chemicals |
9.3.1.1. Ammonia |
9.3.1.2. Methanol |
9.3.1.3. Resin |
9.3.1.4. Polymer |
9.3.2. Petroleum Refining |
9.3.3. Metal Processing |
9.3.4. Automotive Fuel |
9.3.5. Glass Industry |
9.3.6. Edible Fats & Oils |
9.3.7. Energy |
9.3.8. Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Country, 2024 - 2030 |
9.6. North America Hydrogen Market Dynamics - Trends |
10. Europe Hydrogen Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
10.1. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Centralized Production |
10.1.1.1. Pipelines |
10.1.1.2. Trucks |
10.1.1.3. Cylinders |
10.1.2. Distributed Production |
10.2. Production Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Steam Methane Reforming |
10.2.2. Partial Oxidation of Oil |
10.2.3. Coal Gasification |
10.2.4. Water Electrolysis |
10.2.5. Others |
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Chemicals |
10.3.1.1. Ammonia |
10.3.1.2. Methanol |
10.3.1.3. Resin |
10.3.1.4. Polymer |
10.3.2. Petroleum Refining |
10.3.3. Metal Processing |
10.3.4. Automotive Fuel |
10.3.5. Glass Industry |
10.3.6. Edible Fats & Oils |
10.3.7. Energy |
10.3.8. Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Country,2024 - 2030 |
10.6. Europe Hydrogen Market Dynamics - Trends |
11. Asia-Pacific Hydrogen Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
11.1. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Centralized Production |
11.1.1.1. Pipelines |
11.1.1.2. Trucks |
11.1.1.3. Cylinders |
11.1.2. Distributed Production |
11.2. Production Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Steam Methane Reforming |
11.2.2. Partial Oxidation of Oil |
11.2.3. Coal Gasification |
11.2.4. Water Electrolysis |
11.2.5. Others |
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Chemicals |
11.3.1.1. Ammonia |
11.3.1.2. Methanol |
11.3.1.3. Resin |
11.3.1.4. Polymer |
11.3.2. Petroleum Refining |
11.3.3. Metal Processing |
11.3.4. Automotive Fuel |
11.3.5. Glass Industry |
11.3.6. Edible Fats & Oils |
11.3.7. Energy |
11.3.8. Others |
11.4. Country Analysis2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Country,2024 - 2030 |
11.6. Asia-Pacific Hydrogen Market Dynamics - Trends |
12. Latin America Hydrogen Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
12.1. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Centralized Production |
12.1.1.1. Pipelines |
12.1.1.2. Trucks |
12.1.1.3. Cylinders |
12.1.2. Distributed Production |
12.2. Production Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Steam Methane Reforming |
12.2.2. Partial Oxidation of Oil |
12.2.3. Coal Gasification |
12.2.4. Water Electrolysis |
12.2.5. Others |
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Chemicals |
12.3.1.1. Ammonia |
12.3.1.2. Methanol |
12.3.1.3. Resin |
12.3.1.4. Polymer |
12.3.2. Petroleum Refining |
12.3.3. Metal Processing |
12.3.4. Automotive Fuel |
12.3.5. Glass Industry |
12.3.6. Edible Fats & Oils |
12.3.7. Energy |
12.3.8. Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Country,2024 - 2030 |
12.6. Latin America Hydrogen Market Dynamics - Trends |
13. Middle East and Africa Hydrogen Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) (Volume, Metric Tons) |
13.1. Delivery Mode Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Centralized Production |
13.1.1.1. Pipelines |
13.1.1.2. Trucks |
13.1.1.3. Cylinders |
13.1.2. Distributed Production |
13.2. Production Method Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Steam Methane Reforming |
13.2.2. Partial Oxidation of Oil |
13.2.3. Coal Gasification |
13.2.4. Water Electrolysis |
13.2.5. Others |
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Chemicals |
13.3.1.1. Ammonia |
13.3.1.2. Methanol |
13.3.1.3. Resin |
13.3.1.4. Polymer |
13.3.2. Petroleum Refining |
13.3.3. Metal Processing |
13.3.4. Automotive Fuel |
13.3.5. Glass Industry |
13.3.6. Edible Fats & Oils |
13.3.7. Energy |
13.3.8. Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Hydrogen Market - Opportunity Analysis Index, By Delivery Mode, By Production Method, End User and Country,2024 - 2030 |
13.6. MEA Hydrogen Market Dynamics - Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Production Method& Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. Aditya Birla Chemical Ltd |
14.2.2. Air Liquide |
14.2.3. Bhuruka Gas Limited |
14.2.4. Dcw Limited |
14.2.5. Ghcl Ltd |
14.2.6. Gujarat Alkali And Chemical Limited |
14.2.7. Inox Air Product |
14.2.8. Linde Limited |
14.2.9. Praxair Pvt Ltd |
14.2.10. Tata Chemical Limited |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players