Introduction to the Global Green Industrial Gases Market (Including Market in 2024 and 2034)
The Green Industrial Gases Market is witnessing robust growth as industries strive to reduce their carbon footprint and transition toward sustainable practices. Green industrial gases, including hydrogen, oxygen, nitrogen, and carbon dioxide, are produced using renewable energy sources or carbon capture methods, which make them environmentally friendly alternatives to conventional industrial gases. As the demand for clean energy and climate-conscious solutions increases, sectors such as energy, manufacturing, chemicals, and healthcare are increasingly relying on these green gases to meet stringent environmental regulations and sustainability goals.
In 2023, the market is experiencing rapid adoption across key industries as they work to decarbonize operations, improve energy efficiency, and support the global push for net-zero emissions. By 2034, the market is poised for further growth, driven by advancements in production technologies, regulatory frameworks, and innovations in end-use applications. The demand for green hydrogen, in particular, is expected to skyrocket as the energy sector increasingly incorporates green gas technologies to support decarbonization.
Green Industrial Gases Market Segmentation by Application
Power Generation
Industrial Manufacturing
Chemical Industry
Food & Beverage Industry
Electronics & Semiconductor Industry
Others
Green Industrial Gases Market Segmentation by End-Use Industry
Energy & Utilities
Oil & Gas Refining
Chemicals & Petrochemicals
Agriculture & Fertilizers
Healthcare & Pharmaceuticals
Others
Green Industrial Gases Market Segmentation by Source of Production
Electrolysis
Bio-based
Carbon Capture & Utilization
Water Splitting (Photocatalytic, Thermochemical)
Others
Green Industrial Gases Market Segmentation by Type
Green Hydrogen: Produced through water electrolysis powered by renewable energy, green hydrogen is gaining traction in various industries such as transportation, energy, and chemicals for its zero-emission properties.
Green Oxygen: Used extensively in the healthcare, manufacturing, and metal industries, green oxygen is produced through electrolysis processes and helps in reducing reliance on traditional oxygen production methods that are carbon-intensive.
Green Nitrogen: Produced via air separation units powered by renewable energy, green nitrogen is used in several applications, including electronics manufacturing, food preservation, and metal processing.
Green Carbon Dioxide (CO ): Carbon dioxide captured and purified from industrial emissions, green CO is used in chemical production, food and beverage applications, and enhanced oil recovery.
Others: Includes other green industrial gases like methane and argon, produced via sustainable methods for niche applications in various industries.
Green Industrial Gases Market Regional Overview
North America
U.S., Canada, and Mexico
Europe
Germany, France, Italy, Spain, U.K., and Rest-of-Europe
Asia-Pacific
China, Japan, India, South Korea, and Rest-of-Asia-Pacific
Rest-of-the-World
South America and Middle East and Africa
Key Players in the Green Industrial Gases Market
Air Products & Chemicals
Linde PLC
Air Liquide
Praxair Inc.
Chart Industries
BASF SE
Hygear
Plug Power Inc.
Ballard Power Systems
ITM Power
Nel ASA
Trend in the Green Industrial Gases Market
A notable trend in the green industrial gases market is the growing adoption of hydrogen as a clean fuel alternative. Green hydrogen is expected to revolutionize the energy, transportation, and chemical sectors by providing a zero-emission alternative to fossil fuels. This trend is being propelled by technological advancements in hydrogen production, such as electrolysis powered by renewable energy, and government incentives aimed at decarbonization.
Driver in the Green Industrial Gases Market
The primary driver of growth in the green industrial gases market is the global push towards net-zero emissions. Governments and industries are increasingly focusing on sustainable practices and green technologies to reduce their environmental impact. This shift is boosting the demand for green gases, particularly green hydrogen, as part of efforts to decarbonize sectors like transportation, energy, and manufacturing.
Restraint in the Green Industrial Gases Market
A key restraint in the green industrial gases market is the high cost of production, particularly for green hydrogen and other gases produced via renewable methods. While the long-term benefits of green gases are clear, the high initial capital investments and operational costs present significant barriers to widespread adoption, especially in price-sensitive regions and industries.
Opportunity in the Green Industrial Gases Market
The increasing focus on renewable energy and energy storage solutions presents a significant opportunity in the green industrial gases market. As industries seek to integrate green hydrogen into their energy systems, there is considerable potential for growth in the hydrogen production and storage sectors. Additionally, as carbon capture technologies improve, the market for green CO will also expand, driven by its utility in industries like chemical production and food preservation.
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- Executive Summary
- Scope and Definition
- Market/Product Definition
- Key Questions Answered
- Analysis and Forecast Note
- 1. Markets: Industry Outlook
- 1.1 Trends: Current and Future Impact Assessment
- 1.2 Stakeholder Analysis
- 1.2.1 Use Case
- 1.2.2 End User and Buying Criteria
- 1.3 Market Dynamics Overview
- 1.3.1 Market Drivers
- 1.3.2 Market Restraints
- 1.3.3 Market Opportunities
- 1.4 Regulatory & Policy Impact Analysis
- 1.5 Patent Analysis
- 1.6 Start-Up Landscape
- 1.7 Investment Landscape and R&D Trends
- 1.8 Future Outlook and Market Roadmap
- 1.9 Supply Chain Analysis
- 1.10 Value Chain Analysis
- 1.11 Global Pricing Analysis
- 1.12 Industry Attractiveness
- 1.13 Case Study
- 2. Green Industrial Gases Market (by Application)
- 2.1 Application Segmentation
- 2.2 Application Summary
- 2.3 Green Industrial Gases Market (by Application)
- 2.3.1 Power Generation
- 2.3.2 Industrial Manufacturing
- 2.3.3 Chemical Industry
- 2.3.4 Food & Beverage Industry
- 2.3.5 Electronics & Semiconductor Industry
- 2.3.6 Others
- 2.4 Green Industrial Gases Market (by End-Use Industry)
- 2.4.1 Energy & Utilities
- 2.4.2 Oil & Gas Refining
- 2.4.3 Chemicals & Petrochemicals
- 2.4.4 Agriculture & Fertilizers
- 2.4.5 Healthcare & Pharmaceuticals
- 2.4.6 Others
- 3. Green Industrial Gases Market (by Product)
- 3.1 Product Segmentation
- 3.2 Product Summary
- 3.3 Green Industrial Gases Market (by Type)
- 3.3.1 Green Hydrogen
- 3.3.2 Green Oxygen
- 3.3.3 Green Nitrogen
- 3.3.4 Green Carbon Dioxide (CO₂)
- 3.3.5 Others
- 3.4 Green Industrial Gases Market (by Source of Production)
- 3.4.1 Electrolysis
- 3.4.2 Bio-based
- 3.4.3 Carbon Capture & Utilization
- 3.4.4 Water Splitting (Photocatalytic, Thermochemical)
- 3.4.5 Others
- 4. Green Industrial Gases Market (by Region)
- 4.1 Green Industrial Gases Market (by Region)
- 4.2 North America
- 4.2.1 Regional Overview
- 4.2.2 Driving Factors for Market Growth
- 4.2.3 Factors Challenging the Market
- 4.2.4 Key Companies
- 4.2.5 Application
- 4.2.6 Product
- 4.2.7 U.S.
- 4.2.7.1 Market by Application
- 4.2.7.2 Market by Product
- 4.2.8 Canada
- 4.2.8.1 Market by Application
- 4.2.8.2 Market by Product
- 4.2.9 Mexico
- 4.2.9.1 Market by Application
- 4.2.9.2 Market by Product
- 4.3 Europe
- 4.3.1 Regional Overview
- 4.3.2 Driving Factors for Market Growth
- 4.3.3 Factors Challenging the Market
- 4.3.4 Key Companies
- 4.3.5 Application
- 4.3.6 Product
- 4.3.7 Germany
- 4.3.7.1 Market by Application
- 4.3.7.2 Market by Product
- 4.3.8 France
- 4.3.8.1 Market by Application
- 4.3.8.2 Market by Product
- 4.3.9 Italy
- 4.3.9.1 Market by Application
- 4.3.9.2 Market by Product
- 4.3.10 Spain
- 4.3.10.1 Market by Application
- 4.3.10.2 Market by Product
- 4.3.11 U.K.
- 4.3.11.1 Market by Application
- 4.3.11.2 Market by Product
- 4.3.12 Rest-of-Europe
- 4.3.12.1 Market by Application
- 4.3.12.2 Market by Product
- 4.4 Asia-Pacific
- 4.4.1 Regional Overview
- 4.4.2 Driving Factors for Market Growth
- 4.4.3 Factors Challenging the Market
- 4.4.4 Ongoing Projects
- 4.4.5 Key Companies
- 4.4.6 Application
- 4.4.7 Product
- 4.4.8 China
- 4.4.8.1 Market by Application
- 4.4.8.2 Market by Product
- 4.4.9 Japan
- 4.4.9.1 Market by Application
- 4.4.9.2 Market by Product
- 4.4.10 India
- 4.4.10.1 Market by Application
- 4.4.10.2 Market by Product
- 4.4.11 South Korea
- 4.4.11.1 Market by Application
- 4.4.11.2 Market by Product
- 4.4.12 Rest-of-Asia-Pacific
- 4.4.12.1 Market by Application
- 4.4.12.2 Market by Product
- 4.5 Rest-of-the-World
- 4.5.1 Regional Overview
- 4.5.2 Driving Factors for Market Growth
- 4.5.3 Factors Challenging the Market
- 4.5.4 Ongoing Projects
- 4.5.5 Key Companies
- 4.5.6 Application
- 4.5.7 Product
- 4.5.8 South America
- 4.5.8.1 Market by Application
- 4.5.8.2 Market by Product
- 4.5.9 Middle East and Africa
- 4.5.9.1 Market by Application
- 4.5.9.2 Market by Product
- 5. Markets - Competitive Benchmarking & Company Profiles
- 5.1 Next Frontiers
- 5.2 Geographic Assessment
- 5.3 Company Profiles
- 5.3.1 Air Products & Chemicals
- 5.3.1.1 Overview
- 5.3.1.2 Top Products/Product Portfolio
- 5.3.1.3 Top Competitors
- 5.3.1.4 Target Customers
- 5.3.1.5 Key Personnel
- 5.3.1.6 Analyst View
- 5.3.1.7 Market Share
- 5.3.2 Linde PLC
- 5.3.2.1 Overview
- 5.3.2.2 Top Products/Product Portfolio
- 5.3.2.3 Top Competitors
- 5.3.2.4 Target Customers
- 5.3.2.5 Key Personnel
- 5.3.2.6 Analyst View
- 5.3.2.7 Market Share
- 5.3.3 Air Liquide
- 5.3.3.1 Overview
- 5.3.3.2 Top Products/Product Portfolio
- 5.3.3.3 Top Competitors
- 5.3.3.4 Target Customers
- 5.3.3.5 Key Personnel
- 5.3.3.6 Analyst View
- 5.3.3.7 Market Share
- 5.3.4 Praxair Inc.
- 5.3.4.1 Overview
- 5.3.4.2 Top Products/Product Portfolio
- 5.3.4.3 Top Competitors
- 5.3.4.4 Target Customers
- 5.3.4.5 Key Personnel
- 5.3.4.6 Analyst View
- 5.3.4.7 Market Share
- 5.3.5 Chart Industries
- 5.3.5.1 Overview
- 5.3.5.2 Top Products/Product Portfolio
- 5.3.5.3 Top Competitors
- 5.3.5.4 Target Customers
- 5.3.5.5 Key Personnel
- 5.3.5.6 Analyst View
- 5.3.5.7 Market Share
- 5.3.6 BASF SE
- 5.3.6.1 Overview
- 5.3.6.2 Top Products/Product Portfolio
- 5.3.6.3 Top Competitors
- 5.3.6.4 Target Customers
- 5.3.6.5 Key Personnel
- 5.3.6.6 Analyst View
- 5.3.6.7 Market Share
- 5.3.7 Hygear
- 5.3.7.1 Overview
- 5.3.7.2 Top Products/Product Portfolio
- 5.3.7.3 Top Competitors
- 5.3.7.4 Target Customers
- 5.3.7.5 Key Personnel
- 5.3.7.6 Analyst View
- 5.3.7.7 Market Share
- 5.3.8 Plug Power Inc.
- 5.3.8.1 Overview
- 5.3.8.2 Top Products/Product Portfolio
- 5.3.8.3 Top Competitors
- 5.3.8.4 Target Customers
- 5.3.8.5 Key Personnel
- 5.3.8.6 Analyst View
- 5.3.8.7 Market Share
- 5.3.9 Ballard Power Systems
- 5.3.9.1 Overview
- 5.3.9.2 Top Products/Product Portfolio
- 5.3.9.3 Top Competitors
- 5.3.9.4 Target Customers
- 5.3.9.5 Key Personnel
- 5.3.9.6 Analyst View
- 5.3.9.7 Market Share
- 5.3.10 ITM Power
- 5.3.10.1 Overview
- 5.3.10.2 Top Products/Product Portfolio
- 5.3.10.3 Top Competitors
- 5.3.10.4 Target Customers
- 5.3.10.5 Key Personnel
- 5.3.10.6 Analyst View
- 5.3.10.7 Market Share
- 5.3.11 Nel ASA
- 5.3.11.1 Overview
- 5.3.11.2 Top Products/Product Portfolio
- 5.3.11.3 Top Competitors
- 5.3.11.4 Target Customers
- 5.3.11.5 Key Personnel
- 5.3.11.6 Analyst View
- 5.3.11.7 Market Share
- 5.3.12 Hexagon Purus
- 5.3.12.1 Overview
- 5.3.12.2 Top Products/Product Portfolio
- 5.3.12.3 Top Competitors
- 5.3.12.4 Target Customers
- 5.3.12.5 Key Personnel
- 5.3.12.6 Analyst View
- 5.3.12.7 Market Share
- 5.3.13 Xebec Adsorption Inc.
- 5.3.13.1 Overview
- 5.3.13.2 Top Products/Product Portfolio
- 5.3.13.3 Top Competitors
- 5.3.13.4 Target Customers
- 5.3.13.5 Key Personnel
- 5.3.13.6 Analyst View
- 5.3.13.7 Market Share
- 5.3.14 Hydrogenics (Cummins Inc.)
- 5.3.14.1 Overview
- 5.3.14.2 Top Products/Product Portfolio
- 5.3.14.3 Top Competitors
- 5.3.14.4 Target Customers
- 5.3.14.5 Key Personnel
- 5.3.14.6 Analyst View
- 5.3.14.7 Market Share
- 5.3.15 Air Water Inc.
- 5.3.15.1 Overview
- 5.3.15.2 Top Products/Product Portfolio
- 5.3.15.3 Top Competitors
- 5.3.15.4 Target Customers
- 5.3.15.5 Key Personnel
- 5.3.15.6 Analyst View
- 5.3.15.7 Market Share
- 6. Research Methodology
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