The Hydrogen Market size was valued at USD 172.42 Billion in 2023 and the total Hydrogen Market revenue is expected to grow at a CAGR of 8.7 % from 2024 to 2030, reaching nearly USD 309.17 Billion by 2030.
Hydrogen Market Overview:
The purpose of this study is to provide a thorough examination of the Hydrogen market by component, application, industry, and geography. The study goes into great detail on the primary factors influencing the Hydrogen market's growth. The study also offers a comprehensive analysis of the market's value chain.
Market Scope:
The research method used to assess and anticipate the Hydrogen market begins with secondary research using sources that collect revenue data from key suppliers. Vendor offerings are also considered when calculating market segmentation. Using the bottom-up method, the whole size of the Hydrogen market was calculated using the revenue of significant enterprises.
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Segmentation:
by Type
Merchant
Captive
by Production Process
Green Hydrogen
Blue Hydrogen
Grey Hydrogen
Turquoise Hydrogen
Pink Hydrogen
Brown Hydrogen
Purple Hydrogen
by Technology
Steam Methane Reforming (SMR)
Electrolysis
Coal and Biomass Gasification
Pyrolysis
Other emerging technologies
Key Players:
The major players covered in the Hydrogen market report are
1. Air Liquide
2. Linde plc
3. Air Products and Chemicals, Inc.
4. Shell
5. Hyundai Motor Company
6. Toyota Motor Corporation
7. BP
8. TotalEnergies
9. Siemens Energy
10. Nel ASA
11. Plug Power Inc.
12. Ballard Power Systems Inc.
13. Engie
14. Cummins Inc.
15. Doosan Fuel Cell
16. Mitsubishi Power, Ltd.
17. ITM Power
18. Nikola Corporation
19. Everfuel
20. Ørsted
21. Enapter
22. McPhy Energy
23. Hexagon Purus
24. Ceres Power
25. Hydrogenics Corporation
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Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Hydrogen Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Hydrogen market in general, as well as the growth rate, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Hydrogen industry, which is driving through the COVID-19 emergency to handle risk digitizing jobs in order to convey trusted data and experiences to the CEOs.
Key Questions Answered in the Hydrogen Market Report are:
- Which segment grabbed the largest share in Hydrogen market?
- How was the competitive scenario of the Hydrogen market?
- Which are the key factors responsible for the Hydrogen market growth?
- Which region held the maximum share in the Hydrogen market?
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