Hydrogen Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Hydrogen Market: By Delivery Mode (Centralized Production and Distributed Production), By Production Method (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, Water Electrolysis and Others), By End User (Chemicals, Petroleum Refining, Metal Processing, Automotive Fuel, Glass Industry, Edible Fats & Oils, Energy and Others), and Geography

 

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Report

Description

Hydrogen Market size is valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a CAGR of x% during the forecast period 2022 to 2028. The global market provides a detailed overview of the hydrogen market and that can be segmented by delivery mode, production method, and end-user. By delivery mode, the hydrogen 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 hydrogen 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 2022-2028. 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.

Key Developments:

In May 2020, ENGIE collaborated with Neste and CEA, a French research agency, to decarbonize a bio-refinery in Rotterdam using renewable hydrogen. The project uses the world’s first multi-megawatt high temperature electrolyzer to produce green hydrogen.

Hydrogen Market

MARKET SUMMARY
-
x%
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– x%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Hydrogen Market

  • The hydrogen market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The hydrogen market report gives historical, current, and future market sizes (US$ Mn) based on by delivery mode, by production method, by end user and geography.
Key Players
  • Gujarat Alkali And Chemical Limited
  • Inox Air Product
  • Linde Limited
  • Praxair Pvt Ltd
  • Tata Chemical Limited
Hydrogen Market Dynamics

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.


Asia-Pacific Got Significant Share

Hydrogen Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The presence of more refineries in the region, particularly in major emerging countries, has increased hydrogen generation in the region. Furthermore, governments in Asia Pacific countries such as Japan and Australia are researching more environment friendly and cleaner hydrogen production processes.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The hydrogen market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The hydrogen market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The hydrogen market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The hydrogen market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The hydrogen market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hydrogen Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The hydrogen market is projected to expand at a CAGR of x% during the forecast period.

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


Report

Table Of Content

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,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
5.1. Centralized Production
5.1.1. Pipelines
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) (Volume, Metric Tons)
6.1. Steam Methane Reforming
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) (Volume, Metric Tons)
7.1. Chemicals
7.1.1. Ammonia
7.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
8.1. North America
8.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (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, 2022 – 2028
9. North America HydrogenMarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
9.1. Delivery Mode Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028by 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, 2022 – 2028
9.6. North America Hydrogen Market Dynamics – Trends
10. Europe Hydrogen Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
10.1. Delivery Mode Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
10.6. Europe Hydrogen Market Dynamics – Trends
11. Asia-Pacific Hydrogen Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
11.1. Delivery Mode Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 Analysis2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
11.6. Asia-Pacific Hydrogen Market Dynamics – Trends
12. Latin America Hydrogen Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
12.1. Delivery Mode Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
12.6. Latin America Hydrogen Market Dynamics – Trends
13. Middle East and Africa Hydrogen Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) (Volume, Metric Tons)
13.1. Delivery Mode Analysis 2017 – 2021 and Forecast 2022 – 2028by 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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 2017 – 2021 and Forecast 2022 – 2028 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,2022 – 2028
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

 


Report

Company Profile

  • 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
  • Tata Chemical Limited

Description

Hydrogen Market size is valued at USD million in 2021 and is expected to reach a value of USD million by 2028, growing at a CAGR of x% during the forecast period 2022 to 2028. The global market provides a detailed overview of the hydrogen market and that can be segmented by delivery mode, production method, and end-user. By delivery mode, the hydrogen 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 hydrogen 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 2022-2028. 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.

Key Developments:

In May 2020, ENGIE collaborated with Neste and CEA, a French research agency, to decarbonize a bio-refinery in Rotterdam using renewable hydrogen. The project uses the world’s first multi-megawatt high temperature electrolyzer to produce green hydrogen.

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