Astute Analytica released a new market report on the Global Hydrogen Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market’s growth characteristics.

The Global Hydrogen Market size will grow from US$ 187,517.3 million in 2021 to US$ 286,789.2 million by 2027, registering a tremendous compound annual growth rate (CAGR) of 6.6% during the study period, i.e., 2022-2027.

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Regional Analysis:

The report highlights key factors such as R&D, new product launches, M&A, agreements, partnerships, joint ventures, collaborations, and growth of key industry participants from a regional and global perspective. The report covers the regions of North America, Asia Pacific, Europe, Middle East & Africa, and South America. Additionally, the report offers country-level estimates for 25+ countries, including the US, Germany, UK, Japan, China, India, the UAE, South Korea, South Africa, and the Middle East. The regional analysis presents information at the regional and country-level about the market, including the market dynamics based on the segments covered in the report.

COVID-19 Impact:

The impact of the COVID-19 pandemic outbreak appeared to slow global revenue growth. It is evident that life, businesses, and economies have transformed in the past year–a process reflected in revenue increases and decreases. A disruption in production and a slowing demand was evident as workers went home, travel restrictions took place, and delay in raw materials supply. The effects of the pandemic on supply have been most visible. During the early days of the pandemic, companies in the worst-hit countries or companies dependent on supply chains in those countries suffered severely.

Major Key Players in Global Hydrogen Market are:

• Air Liquide International S.A.
• Air Products and Chemicals Inc.
• Hydrogenics
• Linde plc
• NEL Hydrogen
• Showa Denko
• Iwatani CO
• Messer Group GmbH
• Teledyne Technologies Inc.
• Claind
• Cummins
• HyTech Power Inox
• ITM Power
• PowerTap
• Weldstar Inc

Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the Hydrogen Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market’s overall size.

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Segmentation Overview 

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

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About Astute Analytica:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

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