Global Hydrogen Hubs Market Growth (Status and Outlook) 2024-2030

Global Hydrogen Hubs Market Growth (Status and Outlook) 2024-2030

Hydrogen hub defines integrated hydrogen ecosystems, often in local or regional reference, and is often used interchangeably with the term hydrogen clusters or valleys, which usually cover a larger geographical area. Regardless of the term used, a hydrogen hub encompasses all the infrastructure necessary to produce, store, distribute, and/or transport hydrogen, considering the end use of hydrogen in various applications such as professional, distributed, and industrial power generation, as a fuel in transportation, a substrate in manufacturing processes or systems for producing its derivatives. Hydrogen hubs are also often referred to as “mini hydrogen economies” because they can be large-scale projects and cover most of the supply chain in a given region. In this way, they ensure that hydrogen supply and demand are combined across multiple applications, while increasing scale, maximizing asset utilization, and reducing costs.

The global Hydrogen Hubs market size is projected to grow from US$ 2443 million in 2024 to US$ 6400 million in 2030; it is expected to grow at a CAGR of 17.4% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Hydrogen Hubs Industry Forecast” looks at past sales and reviews total world Hydrogen Hubs sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydrogen Hubs sales for 2023 through 2029. With Hydrogen Hubs sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen Hubs industry.

This Insight Report provides a comprehensive analysis of the global Hydrogen Hubs landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Hydrogen Hubs portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hydrogen Hubs market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen Hubs and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrogen Hubs.

By integrating their on-site hydrogen production plants vertically, businesses can control every step of the hydrogen production process, from energy generation to hydrogen compression and storage. The plan provides significant benefits to suppliers as well as end users, including lower supply-chain costs, more control over quality, and enhanced supply security for downstream businesses like fertilizers and refineries, which depend on hydrogen as a vital component of their manufacturing processes. For instance, in 2022, US-based Air Products and Chemicals Inc. spent $500 million on a greenfield site in Massena, NY, with the goal of operating a 35 metric ton per day green liquid hydrogen facility by 2026–2027. In order to possibly service its fleet of hydrogen fuel cell trucks, the corporation is also looking into the possibility of creating a network of hydrogen fuelling stations throughout the northeast region of the United States. This approach exemplifies vertical integration, in which Air Products makes investments at every stage of the hydrogen value chain, from end-use to distribution. Thus, driving the hydrogen hubs market revenue.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen Hubs market by product type, application, key players and key regions and countries.

Segmentation by Type:
Steam Methane Reforming (SMR)
Electrolysis

Segmentation by Application:
Automotive
Marine
Space
Aviation and Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Steam Methane Reforming (SMR)
Electrolysis

Segmentation by Application:
Automotive
Marine
Space
Aviation and Defense
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Airbus
Linde Plc
Scotland
ARAMCO
Aranca
Shell Plc
Sinopec

Please note: The report will take approximately 2 business days to prepare and deliver.