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Hydrogen Global Market Report 2022 – By Mode of Distribution (Pipeline, High-Pressure Tube Trailers, Cylinders), By Application (Chemical, Refinery, Metal processing, Other Applications), By End-User (Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Other End-Users) – Market Size, Trends, And Global Forecast 2022-2026

Starting Price : $4000.00 | Pages : 175 | Published : October 2022 | SKU CODE : 7303 | Delivery Time: 2-3 business days | Format :


The hydrogen market consists of sales of hydrogen and its related services for industrial and other purposes. 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 grew from $11.29 billion in 2021 to $13.39 billion in 2022 at a compound annual growth rate (CAGR) of 18.6%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hydrogen market is expected to grow to $23.91 billion in 2026 at a CAGR of 15.6%.

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 pressurised 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 September 2019, Cummins, a US-based company that designs, manufactures, and distributes engines, filtration, and power generation products, acquired Hydrogenics for an undisclosed amount. This acquisition of Hydrogenics will strengthen Cummins’ fuel cell capabilities. Hydrogenics is a Canada-based developer and manufacturer of hydrogen generation and fuel cell products.

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 2021. North America was the second-largest region in the hydrogen market. The regions covered in the hydrogen market 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 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

    Table Of Contents

    1. Executive Summary

    2. Hydrogen Market Characteristics

    3. Hydrogen Market Trends And Strategies

    4. Hydrogen Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Hydrogen Market

    4.2 Ukraine-Russia War Impact On Hydrogen Market

    4.3 Impact Of High Inflation On Hydrogen Market

    5. Hydrogen Market Size And Growth

    5.1. Global Hydrogen Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Hydrogen Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Hydrogen Market Segmentation

    6.1. Global Hydrogen Market, Segmentation  By Mode of Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Pipeline

    High-Pressure Tube Trailers

    Cylinders

    6.2. Global Hydrogen Market, Segmentation  By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Chemicals

    Aerospace and Automotive

    Energy

    Refining

    Glass

    Welding and Metal Fabrication

    Other End Users

    6.3. Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Chemical

    Refinery

    Metal processing

    Other Applications

    7. Hydrogen Market Regional And Country Analysis

    7.1. Global Hydrogen Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Hydrogen Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Hydrogen Market  

    8.1. Asia-Pacific Hydrogen Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Hydrogen Market  

    9.1. China Hydrogen Market Overview  

    9.2. China Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Hydrogen Market  

    10.1. India Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Hydrogen Market  

    11.1. Japan Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Hydrogen Market  

    12.1. Australia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Hydrogen Market  

    13.1. Indonesia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Hydrogen Market  

    14.1. South Korea Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Hydrogen Market  

    15.1. Western Europe Hydrogen Market Overview

    15.2. Western Europe Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Hydrogen Market  

    16.1. UK Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Hydrogen Market  

    17.1. Germany Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Hydrogen Market  

    18.3. France Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Hydrogen Market  

    19.1. Eastern Europe Hydrogen Market Overview

    19.2. Eastern Europe Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Hydrogen Market  

    20.1. Russia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Hydrogen Market  

    21.1. North America Hydrogen Market Overview

    21.2. North America Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Hydrogen Market  

    22.1. USA Hydrogen Market Overview

    22.2. USA Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Hydrogen Market  

    23.1. South America Hydrogen Market Overview

    23.2. South America Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Hydrogen Market  

    24.1. Brazil Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Hydrogen Market  

    25.1. Middle East Hydrogen Market Overview

    25.2. Middle East Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Hydrogen Market  

    26.1. Africa Hydrogen Market Overview

    26.2. Africa Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Hydrogen Market Competitive Landscape And Company Profiles

    27.1. Hydrogen Market Competitive Landscape

    27.2. Hydrogen Market Company Profiles

    27.2.1. Praxair, Inc.

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Air Liquide S.A.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Air Products and Chemicals, Inc.

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. INOX Air Products Ltd.

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Iwatani Corporation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Hydrogen Market

    29. Hydrogen Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Hydrogen Market, Segmentation  By Mode of Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Hydrogen Market, Segmentation  By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Hydrogen Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Hydrogen Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Asia-Pacific, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: China, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: India, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: Japan, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Australia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Indonesia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: South Korea, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Western Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: UK, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Germany, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: France, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Eastern Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Russia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: North America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: USA, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: South America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Brazil, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Middle East, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Africa, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Praxair, Inc. Financial Performance
  • Table 28: Air Liquide S.A. Financial Performance
  • Table 29: Air Products and Chemicals, Inc. Financial Performance
  • Table 30: INOX Air Products Ltd. Financial Performance
  • Table 31: Iwatani Corporation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Hydrogen Market, Segmentation  By Mode of Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Hydrogen Market, Segmentation  By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Hydrogen Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Hydrogen Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Asia-Pacific, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: China, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: India, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: Japan, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Australia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Indonesia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: South Korea, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: Western Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: UK, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: Germany, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: France, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: Eastern Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Russia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: North America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: USA, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: South America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: Brazil, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Middle East, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Africa, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Praxair, Inc. Financial Performance
  • Figure 28: Air Liquide S.A. Financial Performance
  • Figure 29: Air Products and Chemicals, Inc. Financial Performance
  • Figure 30: INOX Air Products Ltd. Financial Performance
  • Figure 31: Iwatani Corporation Financial Performance
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