Industrial Hydrogen Market
Industrial Hydrogen Market Study by Electrolysis, Conventional, and Others for Chemicals, Electronics, F&B, Glass, Metal Production, Pharmaceuticals & Biotechnology, and Others from 2024 to 2034
Analysis of Industrial Hydrogen Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Industrial Hydrogen Market Outlook (2024 to 2034)
The global industrial hydrogen market size is forecasted to reach a valuation of US$ 19,800 million in 2024, showing a consistent growth trajectory with a projected CAGR of 4.9% until 2034. This anticipated expansion is expected to raise the market to a size of US$ 31,946.3 million by 2034.
Industrial hydrogen market growth is fueled by rising demand in crucial sectors like energy, refining, and electronics, where hydrogen holds a pivotal role. This demand surge is attributed to the increasing emphasis on cleaner energy sources globally.
Advances in hydrogen production technologies further bolster the positive outlook, enhancing efficiency and sustainability. The market's evolving landscape underscores the essential role of hydrogen in the global industrial sector.
As industries prioritize environmentally friendly practices, hydrogen's versatile applications position it as a key component in the transition to sustainable solutions. The market's trajectory reflects a sustained growth pattern, propelled by the ongoing pursuit of cleaner energy alternatives and innovations in hydrogen-related technologies, highlighting its enduring significance in the industrial landscape.
Key Market Growth Drivers
- The market is driven by growing demand across pivotal sectors such as energy, refining, and electronics, where hydrogen serves essential functions.
- The global push toward cleaner energy sources acts as a significant driver for industrial hydrogen, as it is a versatile and clean energy carrier.
- Ongoing advancements in hydrogen production technologies contribute to the market's growth by enhancing efficiency, lowering costs, and improving overall sustainability.
- Hydrogen's pivotal role in various industrial applications underscores its importance, promoting consistent demand across diverse sectors.
- The evolving market landscape is shaped by a global emphasis on sustainable practices, where hydrogen's clean and efficient characteristics align with environmental priorities.
Continuous advancements in hydrogen production technologies, driven by innovation and research initiatives, enhance efficiency and sustainability, further fueling market growth.
The evolving trend in the industrial hydrogen sector involves a shift towards broader applications and increased integration into various industrial processes, driven by the ongoing pursuit of eco-friendly alternatives and the development of novel hydrogen-based solutions.
As governments worldwide implement supportive policies to encourage clean energy adoption, the market is poised to experience sustained growth in the near future.
| Report Attributes | Details |
|---|---|
| Estimated Market Value (2024E) | US$ 19,800 million |
| Forecasted Market Value (2034F) | US$ 31,946.3 million |
| Global Market Growth Rate (2024 to 2034) | 4.9% CAGR |
| Electrolysis Segment Growth Rate (2024 to 2034) | 4.9% CAGR |
| Electronics Segment Growth Rate (2024 to 2034) | 7.6% CAGR |
| North America Market Share (2024) | 28.6% |
| East Asia Market Share (2024) | 21.5% |
| Key Companies Profiled | Taiyo Nippon Sanso; Messer Group; Air Products; Yingde Gases; Air Water; Linde Group; Air Liquide; Reliance Industries Ltd.; Mitsubishi Gas Chemical Company Inc.; Evonik Industries AG |
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What Drives the Global Surge in the Industrial Hydrogen Market?
“Surge in Demand for Hydrogen”
The global surge in the market is primarily propelled by the increasing emphasis on transitioning towards cleaner and more sustainable energy sources.
As industries worldwide prioritize environmental responsibility, hydrogen emerges as a key component due to its versatility and eco-friendly characteristics. The demand surge is particularly notable in crucial sectors such as energy, refining, and electronics, where hydrogen plays a pivotal role in various applications.
This heightened focus on cleaner energy sources reflects a broader global commitment to reducing carbon emissions and embracing more sustainable practices, driving the sustained growth of the industrial hydrogen market.
“Ongoing Technological Advancements in Hydrogen Production”
Another driving force behind the surge in the market is the ongoing technological advancements in hydrogen production. Continuous innovation and research initiatives have led to the development of more efficient and cost-effective methods for producing hydrogen.
Advanced technologies, such as electrolysis and steam methane reforming, have enhanced hydrogen production's overall sustainability and scalability. These technological advancements contribute to the industrial hydrogen market's positive outlook and make hydrogen a more viable and competitive option in meeting the increasing energy demands of diverse industries.
The convergence of technological progress and environmental awareness positions hydrogen as a key player in the evolving global energy landscape.
What Challenges the Expansion of the Market?
“Soaring Cost of Hydrogen Production Hinders the Market from Growing”
The current limitations and costs of hydrogen production and infrastructure development hinder the market. Establishing a widespread hydrogen infrastructure, including production, storage, and transportation facilities, requires substantial investments.
Additionally, the efficiency and cost-effectiveness of hydrogen production methods, such as electrolysis or steam methane reforming, need further optimization to compete with conventional energy sources.
Overcoming these challenges is crucial to unlocking the full potential of industrial hydrogen, ensuring its seamless integration into various sectors, and contributing to a more sustainable energy landscape.
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How can Start-Ups Maximize Industrial Hydrogen Opportunities?
“Push towards Sustainable Practices Allows Startups to Maximize"
To maximize industrial hydrogen opportunities, start-ups can focus on developing innovative and cost-effective hydrogen production technologies. By introducing advancements that enhance efficiency, reduce costs, and promote sustainability in hydrogen production, start-ups can position themselves as key contributors to the growing demand for clean energy solutions.
This strategic approach aligns with the global push towards sustainable practices. It allows start-ups to carve a niche in the competitive market, attracting attention from industries seeking innovative and efficient hydrogen solutions for various applications.
Country-wise Insights
North America’s industrial hydrogen market is poised for exceptional growth, projecting a CAGR of 5.1% through 2034. The surge is primarily attributed to increasing demand for industrial hydrogen users in key countries, notably the United States and Canada. In 2024, the United States dominates the industrial hydrogen industry with an estimated 77.4% market share.
The East Asia industrial hydrogen market is anticipated to exhibit substantial progress, aiming for a 3.8% CAGR in 2024. In East Asia, China is emerging as the key player in the industrial hydrogen industry, commanding a significant share of 57.8% in 2024.
Why is Canada Dominating the Industrial Hydrogen Market?
“Government Support and Initiatives Encourage the Adoption of Hydrogen Technologies”
| Attribute | Canada |
|---|---|
| Market Value (2024) | US$ 889.1 million |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034) | US$ 1,561.8 million |
Canada is estimated to expand at a CAGR of 5.8% by 2034. Canada is making significant strides in the market due to its strategic focus on promoting clean energy initiatives. The country's dominance is attributed to government support and initiatives encouraging hydrogen technology development and adoption.
With a commitment to reducing carbon emissions and fostering sustainability, Canada has become a leader in promoting hydrogen as a clean energy solution. This emphasis, coupled with advancements in hydrogen production and utilization technologies, positions Canada at the forefront of the global market, attracting investments and driving widespread adoption.
Which Factors Position China as a Thriving Market for Industrial Hydrogen Producers?
“Prioritization of Industrial Hydrogen Producers Raises the China Market”
| Attribute | China |
|---|---|
| Market Value (2024) | US$ 2,460.5 million |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034) | US$ 3,495.4 million |
The industrial hydrogen market in China is poised for significant growth, with a forecasted CAGR of 3.6%. China stands out as a thriving market for industrial hydrogen producers due to its strategic prioritization of hydrogen in the energy transition. The Chinese government's comprehensive policies and substantial investments in fostering a hydrogen economy have created a conducive environment.
With a focus on reducing carbon emissions and advancing sustainable practices, China's commitment to hydrogen as a key component of its energy landscape creates abundant opportunities for industrial hydrogen producers to thrive in this dynamic and rapidly growing market.
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Category-wise Insights
Based on production method, the electrolysis segment is anticipated to hold a 53.4% market share in 2024. The increasing focus on green hydrogen production, aligning with global efforts to adopt cleaner and more sustainable methods of hydrogen generation.
Based on end-use, the electronics segment in the industrial hydrogen industry accounts for a market share of 16.5% in 2024. The robust market share of the electronics segment is driven by the growing demand for hydrogen in semiconductor manufacturing and other electronic applications, where hydrogen plays a crucial role in various processes, contributing to the segment's significant market presence.
How is the Increasing Adoption of Electrolysis Impacting Growth?
“Preference for Electrolysis Reflects Environmental Consciousness”
| Attribute | Electrolysis |
|---|---|
| Market Value (2024) | US$ 10,573.2 million |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034) | US$ 17,698.3 million |
In 2024, the electrolysis segment is expected to dominate the market, holding a 53.4% market share based on the production method. This signifies the growing significance of electrolysis as a preferred method for hydrogen production, driven by its environmentally friendly attributes. Electrolysis involves using renewable energy sources to split water into hydrogen and oxygen.
What Drives the Steady Expansion of the Electronics Segment?
“Versatility and Importance of Electronics Commands a Significant Presence”
| Attribute | Electronics |
|---|---|
| Market Value (2024) | US$ 3,267 million |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034) | US$ 4,919.7 million |
By end use, the electronics segment plays a noteworthy role, accounting for a market share of 16.5% in 2024. This indicates a substantial demand for hydrogen within the electronics industry, where it serves various applications such as semiconductor manufacturing and as a reducing agent in specific processes.
The electronics sector's reliance on hydrogen underscores its versatility and importance in facilitating crucial industrial processes within this particular domain.
Competitive Landscape
The competitive analysis of the industrial hydrogen market reveals a landscape shaped by key players vying for prominence. These companies focus on strategic positioning through technological innovation and diversified applications across energy, refining, and electronics.
Adapting and enhancing production efficiency remains a key factor in staying competitive. As the market experiences continuous advancements in hydrogen production technologies, companies engaging in research and development initiatives gain a strategic edge.
Government policies supporting clean energy adoption further influence competitive dynamics. Overall, a balance between technological innovation, application versatility, and regulatory compliance among industry leaders characterizes the market’s competitiveness.
Some of the recent developments are:
- In July 2023, a notable collaboration emerged as Air Liquide and KBR joined forces, offering comprehensive low-carbon ammonia solutions. This partnership reflects a strategic initiative to integrate their expertise, contributing to developing sustainable solutions in the ammonia sector.
- In July 2023, Air Products & Chemicals, Inc. made headlines by securing the hydrogen and technology provider role for Alberta's inaugural hydrogen fuel cell passenger vehicle fleet, a project led by Edmonton International Airport.
Segmentation of Industrial Hydrogen Market Report
-
By Production Method:
- Electrolysis
- Conventional & Others
-
By End Use:
- Chemicals
- Electronics
- Food & Beverages
- Glass
- Metal Production
- Pharmaceuticals & Biotechnology
- Welding & Fabrication
- Others
-
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
- 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Production Method
- 5.1. Electrolysis
- 5.2. Conventional & Others
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-Use
- 6.1. Chemicals
- 6.2. Electronics
- 6.3. Food & Beverages
- 6.4. Glass
- 6.5. Metal Production
- 6.6. Pharmaceuticals & Biotechnology
- 6.7. Welding & Fabrication
- 6.8. Others
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
- 7.1. North America
- 7.2. Latin America
- 7.3. Western Europe
- 7.4. Eastern Europe
- 7.5. South Asia and Pacific
- 7.6. East Asia
- 7.7. Middle East and Africa
- 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
- 15. Key Countries Market Analysis
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Taiyo Nippon Sanso
- 17.2. Messer Group
- 17.3. Air Products
- 17.4. Yingde Gases
- 17.5. Air Water
- 17.6. Linde Group
- 17.7. Air Liquide
- 17.8. Reliance Industries Ltd.
- 17.9. Mitsubishi Gas Chemical Company Inc
- 17.10. Evonik Industries AG
- 18. Assumptions & Acronyms Used
- 19. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 5: Global Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 7: North America Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 11: North America Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 13: Latin America Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 17: Latin America Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 19: Western Europe Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 23: Western Europe Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 37: East Asia Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 41: East Asia Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by End-Use, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Mn) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Mn) Forecast by Production Method, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Production Method, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Mn) Forecast by End-Use, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by End-Use, 2019 to 2034
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List Of Figures
Figure 1: Global Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 2: Global Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 3: Global Market Value (US$ Mn) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Mn) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 12: Global Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 16: Global Market Attractiveness by Production Method, 2024 to 2034
Figure 17: Global Market Attractiveness by End-Use, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 21: North America Market Value (US$ Mn) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 30: North America Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 34: North America Market Attractiveness by Production Method, 2024 to 2034
Figure 35: North America Market Attractiveness by End-Use, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 38: Latin America Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 48: Latin America Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Production Method, 2024 to 2034
Figure 53: Latin America Market Attractiveness by End-Use, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Mn) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Production Method, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by End-Use, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Mn) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Production Method, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by End-Use, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Mn) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Production Method, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by End-Use, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 110: East Asia Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 111: East Asia Market Value (US$ Mn) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 120: East Asia Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Production Method, 2024 to 2034
Figure 125: East Asia Market Attractiveness by End-Use, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Mn) by Production Method, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Mn) by End-Use, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Mn) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Mn) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Mn) Analysis by Production Method, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Production Method, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Production Method, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Production Method, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Mn) Analysis by End-Use, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by End-Use, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by End-Use, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by End-Use, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Production Method, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by End-Use, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the value of the industrial hydrogen market in 2019?
The global market was worth US$ 15,810.8 million in 2019.
What is the sales outlook for the industrial hydrogen in 2024?
The sales outlook for industrial hydrogen is likely to be valued at US$ 19,800 million in 2024.
What is the demand forecast for industrial hydrogen for the decade?
Demand for industrial hydrogen is projected to reach a market value of US$ 31,946.3 million by the end of 2034.
What is the projected forecast CAGR for the market from 2024 to 2034?
The market is anticipated to expand at a CAGR of 4.9% from 2024 to 2034.
At what rate is the market in North America predicted to grow?
The market in North America is forecasted to expand at a CAGR of 5.1% through 2034.
Industrial Hydrogen Market