Astute Analytica’s recent report on the global Hydrogen Market outlines various sections discussing the prospects of the market. The report contains a thorough analysis of the market, discussing trends, growth factors, challenges, innovations, and outperforming strategies. Based on primary and secondary research, this in-depth analysis includes both qualitative and quantitative studies.
𝐓𝐡𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:- https://www.astuteanalytica.com/request-sample/hydrogen-market
Hydrogen market is estimated to witness a rise in revenue from US$ 230.61 billion in 2024 to nearly US$ 1,657.24 billion by 2050 at a CAGR of 7.88% during the forecast period 2025–2050.
The global Hydrogen Market is forecast to experience strong growth potential due to growing energy consumption across the world. It is majorly attributed to the rising population, increasing industrialization, and growing urbanization. Further, the growing range of data centers and other commercial buildings will also contribute to the growth of the market.
COVID-19 Impact Analysis
The global Hydrogen Market experienced a sharp decline due to the COVID-19 outbreak. According to data from BP’s Statistical Review of World Energy, Primary energy consumption dropped by nearly 4.5% in 2020, which is considered to be the largest decline since 1945. The same source estimates that the US, India, and Russia witnessed the largest declines in energy consumption. However, China recorded a significant increase of nearly 2.1% in the energy demand. This thorough study by Astute Analytica covers all the factors impacting the market directly or indirectly. The report discusses the contribution of regions and companies in the form of investments and innovative strategies.
𝐑𝐞𝐚𝐝 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐝𝐞𝐱 𝐨𝐟 𝐟𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐭𝐮𝐝𝐲 𝐚𝐭 @ https://www.astuteanalytica.com/industry-report/hydrogen-market
Regional Analysis
The global Hydrogen Market is forecast to record the highest growth in Asia-Pacific due to the presence of highly populated countries like India and China. According to EIA’s International Energy Outlook 2017, India will record the highest consumption of building energy by 2040. Furthermore, the same source estimates that delivered energy consumption for residential and commercial buildings in India is expected to rise at a rate of 2.7 percent per year between 2015 and 2040, which is more than double the global average.
Top Companies in the Hydrogen Market
- Air Liquide International S.A.
- Air Products and Chemicals, Inc.
- Atawey
- Claind
- Cummins
- Ergousp
- Enapter AG
- EvolOH, Inc.
- Fuel Cell Energy
- Green Hydrogen Systems
- Heliogen
- Accelera (Cummins)
- HyTech Power
- Inox
- ITM Power
- Linde plc
- McPhy Energy
- Messer Group GmbH
- NEL Hydrogen
- Plug Power
- PowerTap
- Siemens AG
- Showa Denko
- Starfire Energy
- Taiyo Nippon
- Verdagy
- Other Prominent Players
Market Segmentation Overview:
By Type
By Technology
- Thermal Process
- Steam Methane Reforming (SMR)
- Partial Oxidation (POX)
- Coal Gasification
- Biomass Gasification
- Electrolytic Process
- SOEC
- SOFC
- PEM
- Others
By Application
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Heat Treatment
- Transportation
- Power Generation
- Renewable Energy
- Hydrogen Fuel Cell
- Fuel Cell Vehicles
- Fuel Cell Ships
- Fuel Cell Battery
- Mobile Power Generation
- Others
By Delivery Mode
- Captive
- Merchant
By Region
- North America
- The U.S.
- Canada
- Europe
- The UK
- Germany
- France
- Norway
- The Netherlands
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Middle East & Africa (MEA)
- Latin America
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/hydrogen-market
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