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Hydrogen Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Starting Price : $ 4000.00 | Pages : 175 | Published : January 2021 | SKU CODE : 7303 | 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 global hydrogen market is expected to grow from $9.85 billion in 2020 to $10.28 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $11.79 billion in 2025 at a CAGR of 3%.

The hydrogen market covered in this report is segmented by mode of distribution into pipeline, high-pressure tube trailers, cylinders.

New developments are taking place in healthcare with increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen is being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda have already an installed capacity of hydrogen plants for power generation process. Treatments and drug developments using induced pluripotent stem cells (IPSCs) 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 one gallon of gasoline is approximately 2.75 kgs where 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 and 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 a technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in the 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 in 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 hydrogen manufacturers which operates the world’s largest “tri-generation plant” that converts sewage into electrical power and renewable hydrogen for transportation fuel.

In August 2018, PAG, a Hong-Kong based private equity firm, acquired a 51% majority stake in Baosteel Gases for $610 million. Baosteel Gases is a Chinese provider of industrial gases, with businesses in cryogenic air separation plants (ASUs), synthetic gases, hydrogen, clean energy gases, and packaged gases.

The major players covered in the global 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, Taiyo Nippon Sanso Corporation, Caloric Anlagenbau,  Xebec Adsorption, Showa Denko K.K. (SDK), Nel ASA, Plug Power, Ally Hitech Co. Ltd, Gulf Cryo, Teledyne Technologies.

The countries covered in the global hydrogen market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia.

The regions covered in the global hydrogen market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The global hydrogen market is segmented -

1) By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders

2) By End Use: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Others

3) By Application: Chemical, Refinery, Metal Processing, Others

    1. Executive Summary

    2. Hydrogen Market Characteristics

    3. Hydrogen Market Trends And Strategies

    4. Impact Of COVID-19 On Hydrogen

    5. Hydrogen Market Size And Growth

    5.1. Global Hydrogen Historic Market, 2015-2020, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Hydrogen Forecast Market, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    Pipeline

    High-Pressure Tube Trailers

    Cylinders

    6.2. Global Hydrogen Market, Segmentation  By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

     Chemicals

    Aerospace and Automotive

    Energy

    Refining

    Glass

    Welding and Metal Fabrication

    Others

    6.3. Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    Chemical

    Refinery

    Metal processing

    Others

    7. Hydrogen Market Regional And Country Analysis

    7.1. Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    7.2. Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    9. China Hydrogen Market  

    9.1. China Hydrogen Market Overview  

    9.2. China Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion

    10. India Hydrogen Market  

    10.1. India Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    11. Japan Hydrogen Market  

    11.1. Japan Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    12. Australia Hydrogen Market  

    12.1. Australia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    13. Indonesia Hydrogen Market  

    13.1. Indonesia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    14. South Korea Hydrogen Market  

    14.1. South Korea Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    16. UK Hydrogen Market  

    16.1. UK Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    17. Germany Hydrogen Market  

    17.1. Germany Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

    18. France Hydrogen Market  

    18.3. France Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    20. Russia Hydrogen Market  

    20.1. Russia Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    22. USA Hydrogen Market  

    22.1. USA Hydrogen Market Overview

    22.2. USA Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    24. Brazil Hydrogen Market  

    24.1. Brazil Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, 2020-2025F, 2030F, $ Billion

    26. Africa Hydrogen Market  

    26.1. Africa Hydrogen Market Overview

    26.2. Africa Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2015-2020, $ Billion
  • Table 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Table 3: Global Hydrogen Market, Segmentation  By Mode of Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 4: Global Hydrogen Market, Segmentation  By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 5: Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 6: Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 7: Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 8: Asia-Pacific, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 9: China, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 10: India, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 11: Japan, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 12: Australia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 13: Indonesia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 14: South Korea, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 15: Western Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 16: UK, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 17: Germany, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 18: France, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 19: Eastern Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 20: Russia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 21: North America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 22: USA, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 23: South America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 24: Brazil, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 25: Middle East, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Table 26: Africa, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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, 2015-2020, $ Billion
  • Figure 2: Global Forecast Market Growth, 2020-2025F, 2030F, $ Billion
  • Figure 3: Global Hydrogen Market, Segmentation  By Mode of Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 4: Global Hydrogen Market, Segmentation  By End Use, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 5: Global Hydrogen Market, Segmentation  By Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 6: Global Hydrogen Market, Split By Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 7: Global Hydrogen Market, Split By Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 8: Asia-Pacific, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 9: China, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 10: India, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 11: Japan, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 12: Australia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 13: Indonesia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 14: South Korea, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 15: Western Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 16: UK, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 17: Germany, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 18: France, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 19: Eastern Europe, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 20: Russia, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 21: North America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 22: USA, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 23: South America, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 24: Brazil, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 25: Middle East, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Figure 26: Africa, Hydrogen Market, Segmentation By Distribution, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ 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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