Global Hydrogen Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Application, By Source, By Generation Type, By Geographic Coverage and By Company)
Published Date: Jul 2023 |
Format:
| No. of Pages: 300
Industry: Energy & Natural Resources | Author Name: Harshad
The global hydrogen market value is expected to reach US$328 Bn by 2030-end.
The global top 5 players in hydrogen space include Royal Dutch Shell, Chevron Hydrogen Company LLC, Air Liquide, Air Products, and Doosan Fuel Cell.
In 2022, Asia Pacific constituted 40.5% of the global hydrogen market by volume. In terms of value, Europe is expected to register a CAGR of 8.7% from 2023-2030.
In terms of application, the refinery segment dominated the market and constituted 48% share in 2022. In terms of source, grey hydrogen segment constituted more than 90% share of the global hydrogen market in 2022. In terms of generation type, captive segment constituted more than 74% share of the global hydrogen market in 2022.
Due to the COVID-19 pandemic, sub-sectors, particularly refining, were strongly affected. Activity that was restrained due to the lockdowns and the general economic slowdown started to recover in 2021.