Global Hydrogen Gas Market is valued approximately USD XX million in 2018 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. The market growth is primarily driven by increasing demand hydrogen fuel cell in chemical industries. The increasing investment in research and development of technology in order to adapt the hydrogen gas is expected to drive the market growth in near future. Moreover, various emerging economies are supporting the policies that directly support investment in hydrogen technologies tends to drive the market share of hydrogen gas over the forecast period. Rising adoption og hydrogen gas in power generation as hydrogen is one of the leading options for storing renewable energy, and hydrogen and ammonia can be used in gas turbines to increase power system flexibility. Ammonia could also be used in coal-fired power plants to reduce emissions. However, the safety concerns regarding the use of hydrogen gas is the major restraint to the market.
The regional analysis of Hydrogen Gas Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is expected to account for the majority of the market share owing to the owing to the rising investment by government in exploration, production, and refining sector, which is expected to drive the demand for hydrogen gas extensively in the coming years.
Major market player included in this report are:
Aditya Birla Chemicals
Air Products and Chemicals
Gujarat Alkalies and Chemicals Limited
Matheson Tri-Gas Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Distribution offerings of key players. The detailed segments and sub-segment of the market are explained below:
High-Pressure Tube Trailers
By End-Use Industry:
Aerospace and Automotive
Welding and Metal Fabrication
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Hydrogen Gas Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers