Fairfield Market Research Hydrogen Market Size, Share, Insights, Industry Reports 2030
Hydrogen Market

Hydrogen Market

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

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FAQ : Hydrogen Market

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.
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