Table of Content

1. Executive Summary


2. Introduction

2.1 Hydrogen: An Overview
2.1.1 Hydrogen Definition
2.1.2 Characteristics of Hydrogen
2.1.3 Colors of Hydrogen

2.2 Hydrogen Market Segmentation: An Overview
2.2.1 Hydrogen Market Segmentation


3. Global Market Analysis

3.1 Global Hydrogen Market: An Analysis

3.1.1 Global Hydrogen Market: An Overview
3.1.2 Global Hydrogen Market by Value
3.1.3 Global Hydrogen Market by Technology (Steam Methane Reforming, Coal Gasification, Electrolysis, and Others)
3.1.4 Global Hydrogen Market by Region (North America, Europe, Asia Pacific, and Rest of the World)

3.2 Global Hydrogen Market Demand: An Analysis

3.2.1 Global Hydrogen Market by Demand: An Overview
3.2.2 Global Hydrogen Market by Demand
3.2.3 Global Hydrogen Market Demand by Sector (Existing Industry Use, Mobility, Power Generation, Building And Industry Heat, and New Industry Feedstock)
3.2.4 Global Hydrogen Market Demand by Region (China, Europe, North America, India, Japan and Korea and Rest of the World)

3.3 Global Hydrogen Market Production: An Analysis

3.3.1 Global Hydrogen Market by Production: An Overview
3.3.2 Global Hydrogen Market by Production
3.3.3 Global Hydrogen Market Production by Source (Grey, Renewable And Low Carbon)
3.3.4 Global Hydrogen Market Production by Region (North America, China, Middle East and Africa, Europe and Rest of the World)

3.4 Global Hydrogen Market: Technology Analysis

3.4.1 Global Hydrogen Market by Technology: An Overview
3.4.2 Global Steam Methane Reforming Hydrogen Market by Value
3.4.3 Global Coal Gasification Hydrogen Market by Value
3.4.4 Global Electrolysis Hydrogen Market by Value
3.4.5 Global Others Hydrogen Market by Value

3.5 Global Hydrogen Market Demand: Sector Analysis

3.5.1 Global Hydrogen Market Demand by Sector: An Overview
3.5.2 Global Existing Industry Use Hydrogen Market by Demand
3.5.3 Global Mobility Hydrogen Market by Demand
3.5.4 Global Power Generation Hydrogen Market by Demand
3.5.5 Global Building and Industry Heat Hydrogen Market by Demand
3.5.6 Global New Industry Feedstock Hydrogen Market by Demand

3.6 Global Hydrogen Market Production: Source Analysis

3.6.1 Global Hydrogen Market Production by Source: An Overview
3.6.2 Global Grey Hydrogen Market by Production
3.6.3 Global Renewable Hydrogen Market by Production
3.6.4 Global Low Carbon Hydrogen Market by Production


4. Regional Market Analysis

4.1 Asia Pacific Hydrogen Market: An Analysis

4.1.1 Asia Pacific Hydrogen Market: An Overview
4.1.2 Asia Pacific Hydrogen Market by Value
4.1.3 Asia Pacific Hydrogen Market by Region (China, India, Japan and Korea, Australia, and Rest of Asia Pacific)
4.1.4 China Hydrogen Market by Value
4.1.5 China Hydrogen Market by Demand
4.1.6 China Hydrogen Market by Production
4.1.7 India Hydrogen Market by Value
4.1.8 India Hydrogen Market by Demand
4.1.9 Japan and Korea Hydrogen Market by Value
4.1.10 Japan and Korea Hydrogen Market by Demand
4.1.11 Australia Hydrogen Market by Value
4.1.12 Rest of Asia Pacific Hydrogen Market by Value

4.2 North America Hydrogen Market: An Analysis

4.2.1 North America Hydrogen Market: An Overview
4.2.2 North America Hydrogen Market by Value
4.2.3 North America Hydrogen Market by Region (The US, Canada, and Mexico)
4.2.4 North America Hydrogen Market by Demand
4.2.5 North America Hydrogen Market by Production
4.2.6 The US Hydrogen Market by Value
4.2.7 The US Hydrogen Market by Technology (Steam Methane Reforming, Coal Gasification, and Others)
4.2.8 The US Hydrogen Market Technology by Value
4.2.9 Canada Hydrogen Market by Value
4.2.10 Mexico Hydrogen Market by Value

4.3 Europe Hydrogen Market: An Analysis

4.3.1 Europe Hydrogen Market: An Overview
4.3.2 Europe Hydrogen Market by Value
4.3.3 Europe Hydrogen Market by Region (Germany, France, UK, and Rest of Europe)
4.3.4 Europe Hydrogen Market by Demand
4.3.5 Europe Hydrogen Market by Production
4.3.6 Germany Hydrogen Market by Value
4.3.7 France Hydrogen Market by Value
4.3.8 UK Hydrogen Market by Value
4.3.9 Rest of Europe Hydrogen Market by Value

4.4 Rest of the World Hydrogen Market: An Analysis

4.4.1 Rest of the World Hydrogen Market: An Overview
4.4.2 Rest of the World Hydrogen Market by Value
4.4.3 Rest of the World Hydrogen Market by Demand
4.4.4 Rest of the World Hydrogen Market by Production


5. Impact of COVID-19

5.1 Impact of COVID-19 on Hydrogen Market
5.2 Post-COVID-19 Impact on Hydrogen Market


6. Market Dynamics

6.1 Growth Drivers
6.1.1 Increasing Usage of Ammonia Based Fertilizers
6.1.2 Favorable Government Policies and Initiatives
6.1.3 Rising Demand to Decarbonize Energy End-Use
6.1.4 Increasing Use Of Hydrogen As Rocket Propellants
6.1.5 Rising Demand Of Hydrogen By Various End User Industries

6.2 Challenges
6.2.1 High Energy Conversion losses
6.2.2 Increased Competition From Alternative Technologies

6.3 Market Trends
6.3.1 Rising Adoption Of Hydrogen Fuel Cells
6.3.2 Increasing Number Of Hydrogen Projects
6.3.3 Falling Distribution Cost Of Hydrogen
6.3.4 Growing Use Of Green Hydrogen
6.3.5 Rising Focus On Achieving Net Zero Emissions Target
6.3.6 Ongoing Technological Advancements In Hydrogen Generation


7. Competitive Landscape

7.1 Global Hydrogen Market: Competitive Landscape


8. Company Profiles

8.1 BP plc.
8.1.1 Business Overview
8.1.2 Operating Segments
8.1.3 Business Strategy

8.2 Air Products and Chemicals, Inc.
8.2.1 Business Overview
8.2.2 Operating Segments
8.2.3 Business Strategy

8.3 Nel ASA
8.3.1 Business Overview
8.3.2 Operating Segments
8.3.3 Business Strategy

8.4 Linde plc
8.4.1 Business Overview
8.4.2 Operating Segments
8.4.3 Business Strategy

8.5 FuelCell Energy, Inc.
8.5.1 Business Overview
8.5.2 Revenues by Geographic Location
8.5.3 Business Strategy

8.6 Iwatani Corporation
8.6.1 Business Overview
8.6.2 Reportable Segments
8.6.3 Business Strategy

8.7 Messer SE & Co. KGaA
8.7.1 Business Overview
8.7.2 Revenue by Geographic Regions
8.7.3 Business Strategy

8.8 Air Liquide S.A.
8.8.1 Business Overview
8.8.2 Operating Segments
8.8.3 Business Strategy

8.9 SOL Group
8.9.1 Business Overview
8.9.2 Net Sales by Business Type
8.9.3 Business Strategy

8.10 First Hydrogen Corp.
8.10.1 Business Overview
8.10.2 Business Strategy

8.11 Lhyfe SAS
8.11.1 Business Overview
8.11.2 Business Strategy

List of Figures

Figure 1: Physical and Chemical Characteristics of Hydrogen
Figure 2: Colors of Hydrogen
Figure 3: Hydrogen Market Segmentation
Figure 4: Global Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 5: Global Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 6: Global Hydrogen Market by Technology; 2023 (Percentage, %)
Figure 7: Global Hydrogen Market by Region; 2023 (Percentage, %)
Figure 8: Global Hydrogen Market by Demand; 2020-2023 (Million Metric Tons)
Figure 9: Global Hydrogen Market by Demand; 2024-2050 (Million Metric Tons)
Figure 10: Global Hydrogen Market Demand by Sector; 2030 & 2050 (Percentage, %)
Figure 11: Global Hydrogen Market Demand by Region; 2030 & 2050 (Percentage, %)
Figure 12: Global Hydrogen Market by Production; 2020-2023 (Million Metric Tons)
Figure 13: Global Hydrogen Market by Production; 2024-2050 (Million Metric Tons)
Figure 14: Global Hydrogen Market Production by Source; 2030 & 2050 (Percentage, %)
Figure 15: Global Hydrogen Market Production by Region; 2030 & 2050 (Percentage, %)
Figure 16: Global Steam Methane Reforming Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 17: Global Steam Methane Reforming Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 18: Global Coal Gasification Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 19: Global Coal Gasification Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 20: Global Electrolysis Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 21: Global Electrolysis Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 22: Global Others Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 23: Global Others Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 24: Global Existing Industry Use Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 25: Global Mobility Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 26: Global Power Generation Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 27: Global Building and Industry Heat Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 28: Global New Industry Feedstock Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 29: Global Grey Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 30: Global Renewable Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 31: Global Low Carbon Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 32: Asia Pacific Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 33: Asia Pacific Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 34: Asia Pacific Hydrogen Market by Region; 2023 (Percentage, %)
Figure 35: China Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 36: China Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 37: China Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 38: China Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 39: India Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 40: India Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 41: India Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 42: Japan and Korea Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 43: Japan and Korea Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 44: Japan and Korea Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 45: Australia Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 46: Australia Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 47: Rest of Asia Pacific Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 48: Rest of Asia Pacific Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 49: North America Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 50: North America Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 51: North America Hydrogen Market by Region; 2023 (Percentage, %)
Figure 52: North America Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 53: North America Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 54: The US Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 55: The US Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 56: The US Hydrogen Market by Technology; 2023 (Percentage, %)
Figure 57: The US Hydrogen Market Technology by Value; 2019-2023 (US$ Billion)
Figure 58: The US Hydrogen Market Technology by Value; 2024-2029 (US$ Billion)
Figure 59: Canada Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 60: Canada Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 61: Mexico Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 62: Mexico Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 63: Europe Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 64: Europe Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 65: Europe Hydrogen Market by Region; 2023 (Percentage, %)
Figure 66: Europe Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 67: Europe Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 68: Germany Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 69: Germany Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 70: France Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 71: France Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 72: UK Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 73: UK Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 74: Rest of Europe Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 75: Rest of Europe Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 76: Rest of the World Hydrogen Market by Value; 2019-2023 (US$ Billion)
Figure 77: Rest of the World Hydrogen Market by Value; 2024-2029 (US$ Billion)
Figure 78: Rest of the World Hydrogen Market by Demand; 2020-2050 (Million Metric Tons)
Figure 79: Rest of the World Hydrogen Market by Production; 2020-2050 (Million Metric Tons)
Figure 80: Global Production Capacity of Ammonia; 2021-2030 (Million Metric Tons Per Annum)
Figure 81: Average Annual Budget For National Subsidies Open To Low-Carbon H2 Projects Over 2022-2030 (US$ Billion)
Figure 82: European Union Fuel Cell Hydrogen Projects Selected For First IPCEI Funding Round; 2022 (Unit)
Figure 83: Global Number Of Hydrogen Projects Announced; 2021-2025 (Unit)
Figure 84: Distribution Cost Of Hydrogen In Gas Or Ammonia State, Via Pipeline Over Long Distances; 2030 (US$/Kg H2)
Figure 85: BP plc. Sales and Other Operating Revenues by Segment; 2023 (Percentage, %)
Figure 86: Air Products and Chemicals, Inc., Sales by Operating Segments; 2024 (Percentage, %)
Figure 87: Nel ASA Total Revenue by Operating Segments; 2023 (Percentage, %)
Figure 88: Linde plc Sales by Operating Segments; 2023 (Percentage, %)
Figure 89: FuelCell Energy, Inc. Revenues by Geographic Location; 2023 (Percentage, %)
Figure 90: Iwatani Corporation Net Sales by Reportable Segments; 2024 (Percentage, %)
Figure 91: Messer SE & Co. KGaA Revenue by Geographic Region; 2023 (Percentage, %)
Figure 92: Air Liquide S.A. Revenue by Operating Segment; 2023 (Percentage, %)
Figure 93: SOL Group Net Sales by Business Type; 2023 (Percentage, %)
Table 1: Hydrogen-Related Strategies With Associated Deployment Targets By 2030 And Production Type
Table 2: Global Hydrogen Market Players: Key Comparison