Global Industrial Hydrogen Market Growth 2023-2029

Global Industrial Hydrogen Market Growth 2023-2029

Hydrogen (H2) is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.
LPI (LP Information)' newest research report, the “Industrial Hydrogen Industry Forecast” looks at past sales and reviews total world Industrial Hydrogen sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Hydrogen sales for 2023 through 2029. With Industrial Hydrogen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Hydrogen industry.
This Insight Report provides a comprehensive analysis of the global Industrial Hydrogen landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Hydrogen portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Hydrogen market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Hydrogen 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 Industrial Hydrogen.
The global Industrial Hydrogen market size is projected to grow from US$ 118070 million in 2022 to US$ 136330 million in 2029; it is expected to grow at a CAGR of 136330 from 2023 to 2029.
Global Industrial Hydrogen key players include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, etc. Global top five manufacturers hold a share over 5%.
Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 30% percent. In terms of product, Captive Hydrogen is the largest segment, with a share over 80%. And in terms of application, the largest application is Oil Refining, followed by Ammonia Production & Methanol Production.
This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Hydrogen market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Captive Hydrogen
Merchant Hydrogen
Segmentation by application
Oil Refining
Ammonia Production
Methanol Production
Steel Production
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.
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yingde Gases

Key Questions Addressed in this Report
What is the 10-year outlook for the global Industrial Hydrogen market?
What factors are driving Industrial Hydrogen market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Industrial Hydrogen market opportunities vary by end market size?
How does Industrial Hydrogen break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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