Reports
Sale
Global Hydrogen Market Size, Share, Growth, Trends, Report: By Sector: Generation Type, Storage, Transportation; By Application: Energy, Mobility, Chemical and Refinery, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Global Hydrogen Market Size
The global hydrogen market reached 98.42 million tons in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching almost 135.31 million tons by 2032.
Global Hydrogen Market Outlook
- By 2050, hydrogen is expected to account for 12% of the world’s total energy consumption.
- The green hydrogen capacity of Europe is expected to reach 2.7 GW by 2025.
- South Korea is expected to meet nearly 30% of its energy needs through hydrogen by 2040.
Global Hydrogen Market Growth
China is the world’s leading producer and consumer (at 24 million tons) of hydrogen. Since 2019, China has announced the establishment of 30 new plants for green hydrogen generation. By 2030, green hydrogen is expected to account for 15% of the total output of the market in China, while the cost of production is expected to reduce to 20 yuan per kilogram. By 2027, the scale of hydrogen energy production is expected to reach 300 billion.
As Japan lacks critical natural resources for hydrogen production, it is partnering and agreements aimed at importing hydrogen. By 2030, the Japanese government aims to establish 900 hydrogen refuelling stations to promote the adoption of electric vehicles.
In 2021, India launched the National Green Hydrogen Mission with the objective of achieving energy independence by 2047. Under the plan, it invested19,744 crore rupees to install 60-100 GW of hydrogen electrolyser capacity and expand the domestic production capabilities to 5 MMT by 2030. This is expected to result in 1 lakh crore of savings on the import bill and reduce annual carbon dioxide emissions by 50 MMT by 2030.
Global Hydrogen Industry Segmentation
Global Hydrogen Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Sector
- Generation Type
- Gray Hydrogen
- Blue Hydrogen
- Green Hydrogen
- Storage
- Physical
- Material Based
- Transportation
- Long Distance
- Short Distance
Market Breakup by Application
- Energy
- Mobility
- Chemical and Refinery
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Hydrogen Market Share
Based on application, the market is divided into energy, mobility, and chemical and refinery, among others. Over the forecast period, mobility is expected to emerge as one of the leading segments, as the adoption of electric vehicles scales up globally and the demand for clean energy transportation increases.
Leading Companies in the Global Hydrogen Market
Major market players are expected to boost their capacity for hydrogen generation and storage. This essential fuel is expected to find widespread application in the chemical and refinery, and mobility industries.
- Linde Plc
- Shell Plc
- Chevron Corporation
- Air Products and Chemicals Inc.
- Air Liquide S.A.
- Saudi Arabian Oil Co.
- Uniper SE
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Sector |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Hydrogen Market Analysis
8.1 Key Industry Highlights
8.2 Global Hydrogen Historical Market (2018-2023)
8.3 Global Hydrogen Market Forecast (2024-2032)
8.4 Global Hydrogen Market by Sector
8.4.1 Generation Type
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Gray Hydrogen
8.4.1.3.2 Blue Hydrogen
8.4.1.3.3 Green Hydrogen
8.4.2 Storage
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Physical
8.4.2.3.2 Material Based
8.4.3 Transportation
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Long Distance
8.4.3.3.2 Short Distance
8.5 Global Hydrogen Market by Application
8.5.1 Energy
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mobility
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Chemical and Refinery
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Hydrogen Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Hydrogen Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hydrogen Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hydrogen Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hydrogen Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hydrogen Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 280410)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Linde Plc
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Shell Plc
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Chevron Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Air Products and Chemicals Inc.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Air Liquide S.A.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Saudi Arabian Oil Co.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Uniper SE
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Hydrogen Market: Key Industry Highlights, 2018 and 2032
2. Global Hydrogen Historical Market: Breakup by Sector (Million Tons), 2018-2023
3. Global Hydrogen Market Forecast: Breakup by Sector (Million Tons), 2024-2032
4. Global Hydrogen Historical Market: Breakup by Application (Million Tons), 2018-2023
5. Global Hydrogen Market Forecast: Breakup by Application (Million Tons), 2024-2032
6. Global Hydrogen Historical Market: Breakup by Region (Million Tons), 2018-2023
7. Global Hydrogen Market Forecast: Breakup by Region (Million Tons), 2024-2032
8. North America Hydrogen Historical Market: Breakup by Country (Million Tons), 2018-2023
9. North America Hydrogen Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Europe Hydrogen Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Europe Hydrogen Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Asia Pacific Hydrogen Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Asia Pacific Hydrogen Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Latin America Hydrogen Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Latin America Hydrogen Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Middle East and Africa Hydrogen Historical Market: Breakup by Country (Million Tons), 2018-2023
17. Middle East and Africa Hydrogen Market Forecast: Breakup by Country (Million Tons), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Hydrogen Market Structure
Key Questions Answered in the Report
The market reached nearly 98.42 million tons in 2023.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around 135.31 million tons in 2032.
The different applications of hydrogen include energy, mobility, and chemical and refinery, among others.
The major segments based on sector considered in the market report include generation type, storage, and transportation.
The different regions covered in the market report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Linde Plc, Shell Plc, Chevron Corporation, Air Products and Chemicals Inc., Air Liquide S.A., Saudi Arabian Oil Co., and Uniper SE, among others.
Purchase Options 10% off
Call us
Purchase Full Report
Datasheet
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER