The global Hydrogen market was valued at US$ 118920 million in 2020 and it is expected to reach US$ 133760 million by the end of 2027, growing at a CAGR of 1.7% during 2021-2027.
Hydrogen (H2) is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.
Global Hydrogen key players include Linde Group, Air Products, Air Liquide, Taiyo Nippon Sanso, Air Water, etc. Global top five manufacturers hold a share over 5%.
China is the largest market, with a share over 30%, followed by Europe and North America, both have a share over 35%.
In terms of product, Captive Hydrogen is the largest segment, with a share over 85%. And in terms of application, the largest application is Oil Refining, followed by Ammonia Production, etc.
Global Hydrogen Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Hydrogen Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yingde Gases and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-hydrogen-market-research-report
Segment by Type
- Captive Hydrogen
- Merchant Hydrogen
Segment by Application
- Oil Refining
- Ammonia Production
- Methanol Production
- Steel Production
Table of Content:
1 Hydrogen Market Overview
2 Hydrogen Market Competition by Manufacturers
3 Hydrogen Retrospective Market Scenario by Region
4 Global Hydrogen Historic Market Analysis by Type
5 Global Hydrogen Historic Market Analysis by Application
6 Key Companies Profiled
7 Hydrogen Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Hydrogen Market Dynamics
10 Global Hydrogen Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta