The hydrogen generators refers to generator that produce hydrogen from water using an electrolysis process. A proton exchange membrane (PEM) is used in a hydrogen generator to produce high-quality hydrogen gas from water. Hydrogen generators can be either hydrogen-powered or hydrogen-producing machines. The main types of products in hydrogen generators are onsite and portable. The onsite hydrogen generators allow for easy installation and fast start-up with unattended operation. The different processes used in the hydrogen generator are steam reforming, electrolysis, and others and operate in various capacities such as less than 300 W, 300 W to 1 KW, and more than 1 KW. The hydrogen generators are used in chemical processing, fuel cells, petroleum recovery, refining, and others. The hydrogen generators market research report is one of a series of new reports from The Business Research Company that provides hydrogen generators market statistics, including hydrogen generators industry global market size, regional shares, competitors with a hydrogen generators market share, detailed hydrogen generators market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen generators industry. This hydrogen generators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hydrogen generators market size grew from $1.18 billion in 2022 to $1.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen generators market size is expected to grow to $1.92 billion in 2027 at a CAGR of 10.1%. Government regulations over greenhouse gas emissions are expected to propel the growth of the hydrogen generators market going forward. Global greenhouse gas emissions are increasing, mainly due to fossil fuel consumption and industrialization. Hydrogen generators are being developed by major companies because they produce hydrogen by electrolysis, which produces zero greenhouse gas emissions. For instance, in December 2021, the environmental Protection Agency (EPA), a US-based government agency, has finalised updated national greenhouse gas (GHG) emissions requirements for passenger vehicles and light trucks for model years 2023-2026. The final guidelines would result in significant reductions in GHG emissions in addition to other criterion pollutants. The rule would provide significant public health and welfare advantages while saving customers money on gasoline prices. Hence, Government and environmental organizations are strengthening regulations to control greenhouse gas emissions which drives the hydrogen generators market. Large-scale investments in research and development are shaping the hydrogen generators market. Individual companies from different industries are increasingly focused on incorporating hydrogen into their long-term strategies, and the market has seen a range of joint venture (JV) collaborations across all industries. For instance, according to Sullivan & Cromwell, a US-based law company reported in 2020, funding for hydrogen technology research and pilot projects has increased significantly in the past five years, especially in Europe and Asia. The EU is expected to implement an ambitious hydrogen research program through its “Horizon Europe” initiative and the “European Partnership” for hydrogen research to address "market failure for first-movers". These initiatives can lower the barriers to entry for first-mover companies and support the expansion efforts of vehicle manufacturers and infrastructure developers. In addition, for larger-scale generation, turbine makers Mitsubishi and Ansaldo are working on hydrogen-powered turbines, and Siemens has committed to making all of its gas turbines hydrogen-powered by 2030. In June 2020, Plug Power Inc., a US-based company engaged in the development of hydrogen fuel cell systems, acquired United Hydrogen Group Inc. and Giner ELX for an undisclosed amount. This acquisition strengthens Plug Power's position in the hydrogen market by adding capabilities in hydrogen fuel generation, liquefaction, and distribution to its world-leading position in the design, building, and management of customer-facing hydrogen fuelling stations. United Hydrogen Group Inc. is a Pennsylvania-based manufacturer of hydrogen generators company. Major players in the hydrogen generators market are Epoch Energy Technology Corporation, Air Products and Chemicals Inc., Ideroenergy, Proton OnSite, Hy9 Corporation, Air Liquide, McPhy Energy SAS, Praxair Technology, Nel ASA, Suzhou Jingli, Deokyang Co. Ltd., Nuvera Fuel Cells LLC, MVS Engineering Pvt. Ltd., Teledyne and Helbio S.A. North America was the largest region in the hydrogen generators market in 2022. The regions covered in the hydrogen generators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Hydrogen Generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen generator market consists of sales a hydrogen and oxygen tank, a fuel cell stack, AT PC power supply components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen generators market is segmented - 1) By Product Type: Onsite, Portable 2) By Process: Steam Reforming, Electrolysis, Other Processes 3) By Capacity: Less Than 300 W, 300W - 1 KW, More Than 1 KW 4) By Application: Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, Other Applications

The hydrogen compressor are hydrogen compressor devices that increase the pressure of hydrogen by decreasing gas volume. The compression in a hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen. The main products in the hydrogen compressor market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships) which are intended to compress hydrogen, and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0–100 HP and 101–200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil and gas to chemicals, utilities, refuelling stations, and others. The hydrogen compressor market research report is one of a series of new reports from The Business Research Company that provides hydrogen compressor market statistics, including hydrogen compressor industry global market size, regional shares, competitors with a hydrogen compressor market share, detailed hydrogen compressor market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen compressor industry. This hydrogen compressor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen compressor market size grew from $1.81 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The hydrogen compressor market size is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%. The increase in demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors, such as household energy distribution companies, oil & gas, and power generation companies, are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution. For instance, in 2020 in the UK, a groundbreaking hydrogen trial project (HyDeploy) is underway at Keele University for the next 7 million. And this pilot project is led by Cadent in partnership with Northern Gas Networks (NGN) in the UK as an injection of zero-carbon hydrogen into Keele University’s gas grid, which is feeding approximately 100 houses and 30 faculty buildings. Thus, the increase in demand for hydrogen from end-user industries is expected to boost the market for hydrogen compressors during the forecast period. Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries, and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows. In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units, acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing, and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercialising hydrogen infrastructure solutions. Major players in the hydrogen compressor market are Atlas Copco AB, Burckhardt Compression AG, Fluitron, Inc., Gardner Denver Nash, LLC, Howden Group, HAUG Sauer Kompressoren AG, Neuman & Esser Group, Hydro-Pac, Inc., Lenhardt & Wagner GmbH, Ariel Corporation, PDC Machines, Inc., Mitsui E&S Holdings Co. Ltd., Siemens AG, Sundyne, and IDEX Corporation. Asia-Pacific was the largest region in the hydrogen compressor market in 2022. The regions covered in the hydrogen compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydrogen compressor market consists of sales of piping system, storage vessels, vacuum pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen compressor market is segmented - 1) By Type: Oil-free, Oil-based 2) By Technology: Single-Stage, Multi-Stage 3) By Power Range: Below 100 hp, 101 hp-200 hp 4) By End-User: Oil & Gas, Chemical, Utility, Refueling Stations, Other End-Users

The hydrogen peroxide is a mild antiseptic that can be used on the skin to prevent infection or minor injuries. It is generally available in the form of aqueous solutions. It is used as an oxidizer, bleaching agent, and antiseptic in a dilute solution (3–6% by weight) in water for consumer use, and at higher concentrations for industrial use. Hydrogen peroxide can also be used to treat mouth ulcers and irritation, as well as for mouth rinsing. The main types of hydrogen peroxide are bleaching, oxidizing, sterilizing/disinfecting, propulsion, and other functions. Bleaching, or the removal of natural color from fabric, such as the tan of linen, is generally done using chemicals that are chosen based on the chemical makeup of the fiber. It is used in various industries such as pulp and paper, chemical synthesis, healthcare and personal care, food processing, textile, water and wastewater treatment, electronics and semiconductor, and other end-users. The hydrogen peroxide market research report is one of a series of new reports from The Business Research Company that provides hydrogen peroxide market statistics, including hydrogen peroxide industry global market size, regional shares, competitors with a hydrogen peroxide market share, detailed hydrogen peroxide market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen peroxide industry. This hydrogen peroxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen peroxide market size grew from $3.07 billion in 2022 to $3.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen peroxide market size is expected to grow to $4.05 billion in 2027 at a CAGR of 5.7%. The increasing demand for environmental-friendly solutions is driving the hydrogen peroxide market growth. Hydrogen Peroxide when mixed with other chemicals acts as a disinfectant and can be used to clean hospitals and houses. It is also cost-effective and can be recycled over and over again making it an environmentally friendly solution. For instance, in the year May 4, 2020, Chen, a nanoengineering Professor, at the University of California San Diego, and his team innovated a new, portable, eco-friendly method to synthesize hydrogen peroxide this design is easy to use, and this is a rapid way to produce hydrogen peroxide in-house and cost-effective as well. A portable and eco-friendlier way to synthesize hydrogen peroxide, a disinfectant in demand, could now allow hospitals to produce their supply and this method could save up to 50 to 70% in costs. Increasing adoption of H2O2 in food and electronic application are shaping the hydrogen peroxide market. Hydrogen peroxide (H2O2) is a colorless, odorless, and slightly acidic liquid used mainly as an oxidant in chemical synthesis, and this chemical is used in a wide range of products including cleaning, personnel care, semiconductor industry, printed circuit boards etching, and others. For instance, in March 2021 Solvay, a supplier of high purity hydrogen peroxide to the European semiconductor market built a new Electronic Grade production facility to produce high purity H2O2. Hydrogen peroxide of high purity is used in the production of semiconductor chips. It meets the quality and volume needs of the semiconductor industry now and in the future. Solvay's client population has successfully qualified the product from the new line. In February 2020, United Initiators, a Germany-based manufacturer of organic peroxides, persulfates, and hydrogen peroxide announced the acquisition of the Hydrogen Peroxide (H2O2) plant from Evonik Industries for an undisclosed amount. With this acquisition, United Initiators (UI) is establishing its position in Pacific Northwest and Canada in particular to declare a strong position in pulp and paper and mining applications. Evonik is a Germany-based manufacturer and supplier of hydrogen peroxide. Major players in the hydrogen peroxide market are Aditya Birla Chemicals Limited, AkzoNobel N.V., Arkema SA, Chang Chun Petrochemical, Evonik Industries AG, FMC Corporation, Gujarat Alkalies and Chemicals Ltd., Hansol Chemical, Kemira Oyj, Mitsubishi Gas Chemical Company Inc., National Peroxide Ltd., OCI Company Ltd., PeroxyChem LLC, Solvay SA, The Dow Chemical Company, EkO Peroxide LLC, Grupa Azoty, Guangdong Zhongcheng Chemicals, Huatai Group, Indian Peroxide Limited, and Thai Peroxide Co. Limited. Asia-Pacific was the largest region in the hydrogen peroxide market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen peroxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen peroxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen peroxide market consists of sales of hydrogen peroxide which is used as antiseptic and sterilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen peroxide market is segmented - 1) By Function: Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Other Functions 2) By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor 3) By End-Use Industry: Pulp And Paper, Chemical Synthesis, Healthcare And Personal Care, Food Processing, Textile, Water And Wastewater Treatment, Electronics And Semiconductor, Other End-Users

Hydrogen is produced as a by-product of industrial chlorine production by electrolysis. Although it requires expensive technologies, hydrogen can be cooled, compressed, and purified for use in other processes on-site or sold to a customer via pipeline, cylinders, or trucks. The mode of distribution of the hydrogen in the pipeline is high-pressure tube trailers or cylinders. A pipeline is a line of pipe with pumps, valves, and control devices for conveying liquids, gases, or finely divided solids. The applications involved are chemicals, refineries, metal processing, and other applications. The various end-users are chemicals, aerospace and automotive, energy, refining, glass, welding, metal fabrication, and other end-users. The hydrogen market research report is one of a series of new reports from The Business Research Company that provides hydrogen market statistics, including hydrogen industry global market size, regional shares, competitors with a hydrogen market share, detailed hydrogen market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen industry. This hydrogen market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hydrogen market size will grow from $13.57 billion in 2022 to $15.96 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydrogen market size is expected to grow from $29.54 billion in 2027 at a CAGR of 16.6%. New developments are taking place in healthcare with an increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen are being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda have already installed hydrogen plants for the power generation process. Treatments and drug developments using induced pluripotent stem cells (IPS) will bring new added value to the industry through the application of systems using gases. This is indispensable for the cultivation and preservation of cells and tissues and is driving the demand for high-grade industrial gases. During the forecast period, high transportation and storage costs of hydrogen are expected to restrain the hydrogen market. Hydrogen is not just the smallest element on earth, it is also the lightest—as a point of comparison, the mass of one gallon of gasoline is approximately 2.75 kg, whereas one gallon of hydrogen has a mass of only 0.00075 kg (at 1 atm pressure and 0 °C). In order to transport large amounts of hydrogen, it must be either pressurized and delivered as a compressed gas or liquefied. Where the hydrogen is produced can have a big impact on the cost, best method of delivery, and its broad flammability range relative to hydrocarbons. Hydrogen is transported from the point of production to the point of use via pipeline, over the road in cryogenic liquid tanker trucks or gaseous tube trailers, or by rail or barge. These factors are expected to have a negative impact on the hydrogen market. Hydrogen manufacturing companies have started adopting the technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in chemicals, fertilizers, transportation, and manufacturing industries. In this process, the weight of the sewage sludge is reduced by means of dehydration, followed by incineration, melting, composting, and drying. This process can be used to produce hydrogen on a large scale for supply to the manufacturing and transportation industries. Companies such as Fuel Cell Energy and Graforce Hydro are investing in this technology. Los Angeles Fuel Cell Energy Inc. is one of the hydrogen manufacturers that operates the world’s largest 'tri-generation plant' that converts sewage into electrical power and renewable hydrogen for transportation fuel. In August 2022, Phoenix Motor Inc., a US-based automobile company acquired hydrogen fuel cell manufacturing assets including an automated, robotic fuel cell assembly line from Altergy Systems for an undisclosed sum. This acquisition enables Phoenix to leverage Altergy’s manufacturing facility to develop hydrogen fuel cells to serve automotive needs. Altergy Systems is a US-based firm offering hydrogen fuel cell systems. Major players in the hydrogen market are Praxair, Inc., Air Liquide S.A, Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG, Messer Group GmbH, Nuvera Fuel Cells, and Taiyo Nippon Sanso Corporation. Asia-Pacific was the largest region in the hydrogen market in 2022. North America was the second-largest region in the global hydrogen market. The regions covered in the global hydrogen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hydrogen market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The hydrogen market consists of the sales of green hydrogen, blue hydrogen, brown hydrogen, yellow hydrogen, turquoise hydrogen, and pink hydrogen. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen market is segmented - 1) By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders 2) By Application: Chemical, Refinery, Metal processing, Other Applications 3) By End User: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Other End Users

Hydrogen powered transport is a vehicle that uses hydrogen as its internal fuel. The powertrains of hydrogen vehicles use either internal combustion engines to burn hydrogen or fuel cells, which use hydrogen and oxygen to react to produce mechanical energy and power electric motors. The hydrogen powered transport market covered in the report is segmented by fuel cell technology type into proton exchange membrane fuel cells, phosphoric acid fuel cells, and others; by vehicle type into cars, buses, trucks, and others; and by end-use into passenger vehicles, commercial vehicles. The hydrogen powered transport market research report is one of a series of new reports from The Business Research Company that provides the hydrogen powered transport market statistics, including the hydrogen powered transport industry's global market size, regional shares, competitors with a hydrogen powered transport market share, detailed the hydrogen powered transport market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen powered transport industry. This hydrogen powered transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen powered transport market grew from $5.15 billion in 2022 to $8.17 billion in 2023 at a compound annual growth rate (CAGR) of 58.57%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen powered transport market size is expected to grow to $51.73 billion in 2027 at a CAGR of 58.62%. An increase in government initiatives for the development of hydrogen fuel cell infrastructure is contributed to the growth of the hydrogen-powered transport market. Several approaches have been disposed of by different governments to cater to environmental conditions. For instance, the Federation of California in the U.S. committed endows for the development of 100 hydrogen refueling stations to meet its goal of 1.5 million zero-emission vehicles by 2025. Another proposal has California working with other states to correspond regulations and building codes to ease the location and construction of refuelling stations for hydrogen and electric vehicles. The goal of this collective effort is to put 3.3 million ZEVs on the highways in those states by 2025 with the goals of diminishing greenhouse gas emissions, improving air quality and public health while enhancing energy diversity, saving consumer's money, and promoting economic growth, which in turn will propel the revenues generated for the hydrogen-powered transport market. The high cost of hydrogen fuel cell vehicles is expected to hamper the growth of the hydrogen-powered transport market. The costs of producing and shipping hydrogen are relatively high compared to gasoline. According to California Hydrogen Researchers, in 2020, the configuration required for producing, transporting, and dispensing the hydrogen gas alone will cost about $10 billion. Thus, the high cost associated with hydrogen fuel cell vehicles is restricting the hydrogen-powered transport market growth during the forecast period. The launch of a prototype of a hydrogen fuel cell forklift is gaining popularity in the hydrogen-powered transport market. Major players operating in the industry are continuously focusing on introducing innovations and technologies to better serve the needs of consumers. For instance, in October 2020, Hyundai Mobis developed a prototype hydrogen fuel cell forklift with Hyundai Motor Company and Hyundai Construction Equipment. The hydrogen fuel cell forklift established can lift up to five tons and can be managed continuously for five hours when its hydrogen fuel cell is fully charged. The forklift has been adapted with a hydro fuel cell system mass-produced by Hyundai Motor Group. In the process of doing so, Hyundai Mobis independently developed a fuel cell power pack optimized for hydrogen fuel cell forklifts. In December 2018, OneH2, a USA- based hydrogen fuel company, announced the acquisition of Hyster-Yale Materials Handling, Inc.’s wholly-owned subsidiary, Nuvera Fuel Cells, LLC, for an undisclosed amount. The acquisition is expected to contribute substantially to all of Nuvera Fuel Cells, LLC’s PowerTap® hydrogen generator assets, excluding related intellectual property to OneH2. Nuvera Fuel Cells, LLC is a US-based company that offers hydrogen generation appliances, proton exchange membrane fuel cell stacks, hydrogen generation, and dispensing products. Major players in the hydrogen powered transport market are Honda, Toyota, Hyundai, BMW, General Motors, Foton, Mercedes-Benz, Volkswagen, and SAIC. North America was the largest region in the hydrogen powered transport market in 2022. The regions covered in the hydrogen powered transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hydrogen powered transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen powered transportmarket consists of sales of airplanes, automobiles, auto racing, buses, trams and trains, ships, bicycles and military vehicles. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen powered transport market is segmented - 1) By Fuel Cell Technology Type: Proton Exchange Membrane Fuel Cells, Phosphoric Acid Fuel Cells, Other Fuel Cell Technologies 2) By Vehicle Type: Cars, Buses, Trucks, Other Vehicles 3) By End Use: Passenger Vehicle, Commercial Vehicle

A hydrogen fuel cell is a device that converts hydrogen into clean energy and electricity by a chemical reaction and the by-products of this chemical reaction are electricity, water, and heat. Hydrogen fuel cells can be used in a wide range of applications such as cars, buildings, electronic devices, trucks, and backup power systems. The main types of products in hydrogen fuel cells are polymer exchange membrane fuel cells, direct methanol fuel cells, solid oxide fuel cells, and others. Polymer exchange membrane fuel cells are a type of hydrogen fuel cell that converts the chemical energy of a fuel such as hydrogen into electricity. These hydrogen fuel cells are used in various areas including stationery, transportation, portable fuel cell vehicles, utilities for generating power, and defense. The hydrogen fuel cell market research report is one of a series of new reports from The Business Research Company that provides hydrogen fuel cell market statistics, including hydrogen fuel cell industry global market size, regional shares, competitors with a hydrogen fuel cell market share, detailed hydrogen fuel cell market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen fuel cell industry. This hydrogen fuel cell market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global hydrogen fuel cells market size grew from $5.64 billion in 2022 to $8.23 billion in 2023 at a compound annual growth rate (CAGR) of 45.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen fuel cells market size is expected to grow to $32.65 billion in 2027 at a CAGR of 41.1%. The growing demand for fuel-cell electric vehicles around the world is contributing to the growth of the hydrogen fuel-cell market. Fuel cell electric vehicles (FCEVs) powered by hydrogen are called hydrogen fuel cell vehicles. The surge in demand for fuel-cell electric vehicles leads to increased demand for hydrogen fuel cells. For example, according to the Passenger Hydrogen Fuel Cell Vehicles report, the sales of hydrogen fuel cell vehicles reached 27,500 in 2020. Moreover, the sales of passenger fuel cell vehicles reached 8,500 in 2020, the highest annual sales compared to any of previous years. Rising sales in fuel-cell electric vehicles demonstrate the growing demand for fuel-cell electric vehicles, thereby contributing to the growth of the hydrogen fuel-cell market. The companies in the hydrogen fuel cell market are developing new technologies to reduce the weight, manufacturing costs, and component requirements of hydrogen fuel cells. Advances in technologies improve the efficiency of hydrogen fuel cells. For example, in July 2021, Hyzon Motors Inc., a US-based manufacturer of commercial vehicles powered by zero-emission hydrogen fuel cells announced a new commercial vehicle that could reduce the weight and manufacturing costs of a commercial vehicle powered by Hyzon's hydrogen fuel. The system's metal structure is integrated with lightweight composite materials in this revolutionary technology. In April 2021, Alstom, a France-based company engaged in developing and marketing mobility solutions that provide the sustainable foundations for the future of transportation acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom expands its portfolio of innovative & competitive solutions products and strengthens its expertise in sustainable intelligent mobility. Helion Hydrogen Power is a France-based company that is engaged in the designing and manufacturing of hydrogen fuel cell modules for rail and marine applications. Major players in the hydrogen fuel cells market are Panasonic, Intelligent Energy Holdings, FuelCell Energy, Plug Power, Hyster-Yale, Doosan Fuel Cell, Ballard Power Systems, Nedstack fuel cell technology, Pearl Hydrogen, Hydrogenics, Horizon Fuel Cell Technologies, Toshiba Energy Systems, Mitsubishi Hitachi Power Systems, AFC Energy, and Sunrise Power. Asia-Pacific was the largest region in the hydrogen fuel cell market in 2022. North America was the second-largest market in the hydrogen fuel cell market. The regions covered in the hydrogen fuel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydrogen fuel cells market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The hydrogen fuel cell market consists of sales of direct methanol fuel cells, polymer exchange membrane fuel cells, and other hydrogen fuel cells. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen fuel cells market is segmented - 1) By Type: Polymer Exchange Membrane Fuel Cells (PEMFC), Direct Methanol Fuel Cells (DMFC), Solid Oxide Fuel Cells (SOFC), Other Types 2) By Application: Stationary, Transport, Portable 3) By End User: Fuel Cell Vehicles, Utilities, Defense

Hydrogen energy storage is defined as energy storage that stores electric power in the form of hydrogen. Hydrogen energy storage is a procedure in which renewable energy surpluses are used to power electrolysis during periods of low energy demand. Power electrolysis is a method of separating hydrogen from a chemical solution by passing an electrical current across it. The main types of storage technologies in hydrogen energy storage are compression, liquefaction, and material based. Efficient compression technology of hydrogen is required to achieve usable levels of energy density. The hydrogen energy is stored in three states solid, liquid, and gas. Hydrogen energy storage is used by the industrial, commercial, and utility sectors. The hydrogen energy storage market research report is one of a series of new reports from The Business Research Company that provides hydrogen energy storage market statistics, including hydrogen energy storage industry global market size, regional shares, competitors with a hydrogen energy storage market share, detailed hydrogen energy storage market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen energy storage industry. This hydrogen energy storage market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hydrogen energy storage market size grew from $14.7 billion in 2022 to $15.9 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen energy storage market size is expected to grow to $20.53 billion in 2027 at a CAGR of 6.6%. The increasing use of hydrogen in oil refineries and the chemical industries is contributing to the growth of the hydrogen energy storage market. Hydrogen is used for processing foods, treating metals, refining petroleum, and producing fertilizers. To lower the sulfur content of fuels in petroleum refineries, use hydrogen. For instance, according to the U.S Energy Information Administration, in October 2020, in the United States, there were roughly 161 operational fuel cells at 108 sites, generating a total of about 250 megawatts (MW) of energy using hydrogen produced from natural gas. Therefore, the growing demand for hydrogen from oil refineries and the chemical industry is expected to drive the growth of the hydrogen energy storage market going forward. Companies in the hydrogen energy storage market are developing new technologies for hydrogen energy storage to meet customer demand and add comfort. The new technologies are designed to reduce weight, manufacturing cost, and, component requirements for hydrogen energy storage. Such technological advancements improve the efficiency of hydrogen fuel cells. For instance, in July 2021, Hyzon Motors Inc., a US-based hydrogen mobility company, developed new onboard hydrogen storage system technology which reduces commercial vehicle weight and production costs. The lightweight composite components are combined with the system's metal frame in the latest patent-pending onboard hydrogen storage system innovation. In April 2021, Alstom, a France-based manufacturing operation company acquired Helion Hydrogen Power for an undisclosed amount. Through this acquisition, Alstom, which is a pioneer in the field of hydrogen for the railway sector, expands its range of competitive, innovative solutions and continues to implement its Alstom in Motion strategic strategy. Helion Hydrogen Power is a France-based company that designs and manufactures fuel cells and fully integrated hydrogen systems for transport and energy applications. Major players in the hydrogen energy storage market are Air Liquide, Plug Power, Worthington Industries, Hydrogenics, Linde plc, Chart Industries Inc., Hexagon Composites, Nel, Hydrogenious Lohc Technologies, INOXCVA, Air Products and Chemicals Inc., H Bank Technologies Inc., McPhy Energy SAS, Luxfer Holdings PLC, Pragma Industries and Grz Technologies. North America was the largest region in the hydrogen energy storage market in 2022. The regions covered in the hydrogen energy storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hydrogen energy storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen energy storage market consists of sales of compression, liquefaction, material-based, and other hydrogen energy storage. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen energy storage market is segmented - 1) By Storage Technology: Compression, Liquefaction, Material Based 2) By State: Liquid, Gas, Solid 3) By End User: Commercial, Industrial, Utilities

Hydrogen aircraft use hydrogen fuel to run an airplane. A hydrogen airplane may use hydrogen energy in two different ways. Hydrogen may be consumed in a jet engine or another internal combustion engine, or it can be utilized to power a propeller using a fuel cell. Hydrogen-powered planes have hydrogen fuel tanks built within the fuselage to store fuel. The main technologies of hydrogen aircraft include fully hydrogen-powered aircraft, hybrid electric aircraft, hydrogen fuel cell aircraft and liquid hydrogen aircraft. A fully hydrogen-powered aircraft refers to an aircraft that use only hydrogen for its operation as a power source. These aircraft produce zero carbon emissions when in flight. The power sources used in hydrogen aircraft include hydrogen combustion and hydrogen fuel cell. The various applications of hydrogen aircraft include air taxis, business jets and unmanned aerial vehicles. The aircraft’s ranges are 20 km to 100 km, more than 100 km and up to 20 km. The hydrogen aircraft market research report is one of a series of new reports from The Business Research Company that provides hydrogen aircraft market statistics, including hydrogen aircraft industry global market size, regional shares, competitors with a hydrogen aircraft market share, detailed hydrogen aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen aircraft industry. This hydrogen aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global hydrogen aircraft market size grew from $1.06 billion in 2022 to $1.26 billion in 2023 at a compound annual growth rate (CAGR) of 18.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen aircraft market size is expected to grow to $2.83 billion in 2027 at a CAGR of 22.5%. An increase in air passenger traffic across the globe is expected to propel the growth of the hydrogen aircraft market. Air passenger traffic refers to scheduled passengers (number of people who have booked a flight with a commercial airline, excluding charter flights) handled by the global airline industry. With the rising number of passengers, more flights are in operation than ever before, leading to pollution due to the emittance of harmful gases by aircraft. To overcome the problem of pollution, hydrogen-based aircraft comes out to be a clean option. According to the International Air Transport Association (IATA) passenger data for March 2022, total traffic in March 2022 (measured in revenue passenger kilometers or RPKs) was up 76% compared to March 2021. Thus, an increase in aviation will drive the aviation analytics market. The development of unmanned aircraft powered by hydrogen is a key trend in the hydrogen aircraft market. Unmanned aerial vehicles (UAVs) are aircraft that do not have a human pilot or passengers. UAVs, sometimes known as "drones," can be totally or partially automated, but they are generally piloted remotely by a human. Many companies are moving towards developing unmanned aircraft powered by hydrogen to leverage hydrogen as a sustainable fuel source. In January 2022, Drone Works, a Japanese drone company, partnered with H3 Dynamics, a Singapore-based air mobility technology company, to build a hydrogen-powered drone. H3 Dynamics' Aerostak hydrogen fuel cell system contains a special grade proton-exchange membrane (PEM) fuel cell stack, control electronics, lightweight enclosures with integrated air conditioning fans, and a LiPo (lithium-ion polymer)-compatible hybrid electronic board. The lightweight hydrogen-powered drone can fly longer than drones powered by lithium batteries. In April 2022, Textron Inc., an American industrial conglomerate operating in aviation, defense, industrial goods, and financial services, acquired Pipistrel for an undisclosed amount. This acquisition will enable Pipistrel to access more resources, technical and regulatory experience, as well as a global aircraft sales and support network, allowing it to speed up the development and certification of electric and hybrid-electric aircraft. Pipistrel is a Slovenian-based lightweight aircraft manufacturer, provides a range of gliders and light aircraft with both electric and combustion engines. Major players in the hydrogen aircraft market are Aerodelft, Aerovironment Inc., Airbus SE, Apus Group, Doosan Mobility Innovation, The Boeing Company, Gkn Aerospace, Hes Energy Systems, Honeywell International Inc., Hypoint Inc., Pipistrel d.o.o. Ajdovina, Plug Power Inc., HyPoint, Zeroavia Inc., HES Energy Systems, Universal Hydrogen, and Raytheon Technologies Corporation. North America was the largest region in the hydrogen aircraft market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hydrogen aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The hydrogen aircraft market consists of sales of hydrogen aircraft components including storage system, fuel cell and motor. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.  The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global hydrogen aircraft market is segmented - 1) By Technology: Fully Hydrogen Powered Aircraft, Hybrid Electric Aircraft, Hydrogen Fuel Cell Aircraft, Liquid Hydrogen Aircraft 2) By Power Source: Hydrogen Combustion, Hydrogen Fuel Cell 3) By Range: 20 km To 100 km, More Than 100 km, Up To 20 km 4) By Platform: Air Taxis, Business Jets, Unmanned Aerial Vehicles