Hydrogen Market - Global Industry Analysis

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, 2020 – 2026

Published Date: 26-Mar-2018 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-2719 Status : Published

Global Hydrogen Market, which was estimated at 137.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 197.7 (USD Billion) by 2026, is set to record a CAGR of nearly 6% over 2020-2026.

Description

The global Hydrogen Market, which was estimated at 137.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 197.7 (USD Billion) by 2026, is set to record a CAGR of nearly 6% over 2020-2026. The report offers valuation and analysis of Hydrogen Market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Hydrogen can be derived from bio-mass and fossil fuels as well as from water which is a key source of hydrogen. Reportedly, hydrogen is obtained from natural gas as it contributes nearly three-fourth of overall hydrogen production approximating nearly 70 million tons. Moreover, hydrogen is an odorless, colorless, and flammable gas that merges with oxygen resulting in water formation. Furthermore, various kinds of fuels possess the ability of producing hydrogen. For instance, renewables, coal, oil, and nuclear plants along with natural gas produce hydrogen. The element is used in fuel cell vehicles and with flourishing automotive sector, the scope of the hydrogen market is likely to receive a boost in the upcoming years.

Global Hydrogen Market

Market Growth Dynamics

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. Apart from this, massive funding in production of hydrogen by various governments can result in technological & industrial growth across the globe and will create new job avenues for skilled professionals. This, in turn, will further contribute towards the overall market value over the assessment period.

Moreover, massive use of clean hydrogen at industrial ports along with growing efforts initiated by the developed countries to introduce hydrogen trading through international ship routes can favorably impact the global energy sector, thereby steering the growth of hydrogen industry over the forthcoming years. Nonetheless, manufacturing hydrogen from low-carbon energy has proved expensive and this will retard the business growth in the near future. Apart from this, availability of less number of hydrogen refueling stations and slow growth of hydrogen infrastructure can create hurdles in the path of growth of hydrogen market over the ensuing years.

North American Market To Register Massive Growth Over Forecast Timeline

The expansion of the hydrogen industry in the sub-continent over the assessment timespan 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.

Key participants influencing the business growth are 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.

This report segments the global hydrogen market as follows:

Global Hydrogen Market: Delivery Mode Segment Analysis

  • Captive
  • Merchant 

Global Hydrogen Market: Technology Segment Analysis

  • Steam Methane Reforming
  • Partial Oxidation of Oil
  • Coal Gasification
  • Electrolysis of Water 

Global Hydrogen Market: End-User Segment Analysis

  • Chemical
  • Petroleum Refining 
  • Metal Processing
  • Automotive Fuel
  • Glass Industry
  • Edible Fats and Oils
  • Energy
  • Others 

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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
  •  
  • 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)
  •  
  • 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)
  •  
  • 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)
  •  
  • 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)
  •  
  • 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

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

This report is based on in-depth qualitative and quantitative analyses of the global Hydrogen market. Zion Market Research has collected and analyzed key data belong to the global Hydrogen market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Hydrogen across the world has been calculated through primary and secondary research.

Zion Market Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Market Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Hydrogen industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Hydrogen market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split into segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Hydrogen is a nonmetallic element which is simple and light as compared to other elements. It is usually a colorless, odorless and highly flammable diatomic gas, which is especially used for synthesis. Moreover, hydrogen is a flexible element that may be used for various applications which include industrial processes and chemical, transportation fuel, and in the form of heating fuel for power generation, heating, cooking etc. Due to the versatile nature of hydrogen and its ability to facilitate multi-sector services for transportation, commercial, electricity, and industrial sectors, global hydrogen market is expected to witness significant growth over the forecast period. However, lack of proper transportation & distribution infrastructure and safety concerns regarding hydrogen may hinder industry growth in the coming years.

As per the Hydrogen Energy and Fuel Cells report, 35% of the new cars are expected to be fuelled by zero carbon hydrogen by 2040. Hydrogen can be produced from carbon-free energy sources or from fossil fuels with CO2 capture and storage. Hence, usage of hydrogen might ultimately reduce the emission of greenhouse gases from the energy sector. Fuel cells offer an efficient generation of clean electricity from a range of fuels. Hydrogen and fuel cells are established as strategic techniques that could provide benefits for both private and public stakeholders. It could also reflect the most cost-effective use of various other primary energy sources and energy carriers. Such factors are expected to drive the growth of hydrogen market over the forecast timeframe.

Global Hydrogen Market

Based on delivery mode, the hydrogen market is segmented into captive and merchant. On the basis of technology, the market is categorized into steam methane reforming, partial oxidation of the oil, coal gasification and electrolysis of water. Based on end users, the market is segmented into chemical, petroleum refining, metal processing, automotive fuel, glass industry, edible fats and oils, energy and others.

North America held a major revenue share of the global hydrogen market in 2017 and the region is projected to continue with its supremacy over the forthcoming years as well. The growth of this regional market is attributed to the opening of around 16 new stations, located in California. Asia-Pacific is projected to grow at a significant CAGR, due to huge demand for hydrogen-based fuel vehicles in counties such as Japan. Furthermore, automotive manufacturers are also planning to establish auto fuel stations in Asia Pacific region. Such factors will upsurge hydrogen market growth in Asia Pacific region during the coming years.  

Some of the key players in the global hydrogen market are Air Liquide, The Linde Group, Air Products and Chemicals, Iwatani, Showa Denko K.K., Messer Group, Hydrogenics, Nel ASA, Southern Industrial Gas, Hy.Gear, Xebec Adsorption, ALLY HI-TECH, Ellenbarrie Industrial Gases, CLAIND, Bristol Gases – Concorde Corodex, Taiyo Nippon Sanso and Yateem Oxygen. Currently, the market’s growth rate is very high, which has encouraged the leading players to focus on consolidation through product licensing and long-term partnerships in order to gain maximum share in the market.

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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.

According to Zion market research report, the global Hydrogen Market, which was estimated at 137.5 (USD Billion) in 2019 and is predicted to accrue earnings worth 197.7 (USD Billion) by 2026, is set to record a CAGR of nearly 6% over 2020-2026.

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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