Hydrogen (Energy) Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, Drivers, Constraints, Key Players and Forecast, 2020-2025

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Hydrogen, the most abundantly available and commonly known element in the universe, will become a game-changer by being the source of cleaner power (zero-emission fuel) on a massive scale. There is greater interest in the use of hydrogen technology in a range of niche transport market segments and other applications. In the short- to medium-term, hydrogen technology could be used to replace compressed natural gas (CNG) in some areas after making minor changes to the infrastructure.

The global hydrogen market report provides detailed analysis of production, end users, value chain, latest and emerging trends and strategy and policy landscape in geographies including Americas, Europe and Asia Pacific.

Global Hydrogen Market End-Users

Industrial applications for hydrogen are dominated by its use as a chemical agent in oil refining, steel production, and chemical production. However, newer areas such as transportation and heating of buildings are emerging and clean hydrogen has a significant potential for emission reduction.

Hydrogen Production Segmentation by Sources

The global hydrogen production was approximately 70 MMT in 2020 and the production of low carbon hydrogen production is increase at a high rate in the following years to reach 1.45 million tonnes per year by 2023. The three main sources of hydrogen production are fossil fuels, coal and renewables.

Global Hydrogen Production Analysis by Source

Global Hydrogen Production Analysis by Source

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Global Hydrogen Market Key Trends

The following are the major trends that are expected in hydrogen technology over the next few years-

Technology Trends: Versatility of production and usage, electrolyzers advancing swiftly and hydrogens capacity to facilitate increased contribution by renewables will shape the technology trends.

Macroeconomic Trends: Focus on reducing production cost, cost-effectiveness of emerging hydrogen applications and demand-side flexibility to widen the reach of renewable energy sources.

Regulatory Trends: difficulties where regulations and the need for permits being unclear, direct support to investments in hydrogen technologies, and environmental Impact of decarbonization are the key trends shaping regulatory landscape in the hydrogen market.

Global Hydrogen Market Value Chain Analysis

The value chain for hydrogen comprises the processes necessary to produce, distribute, and dispense hydrogen. Currently, most hydrogen is produced from natural gas close to where it is needed for industrial purposes.

Global Hydrogen Market Value Chain

Global Hydrogen Market Value Chain

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Major Announced Hydrogen Production Projects

The key announced projects in the global hydrogen industry are Asian Renewable Energy Hub, SilverFrog, NortH2 green hydrogen, Black Horse, Solar PV plant, Port of Sines, H2Teesside, Hyoffwind Zeebrugge, 3rd phase, HyNetherlands, 2nd phase, LADWP – NREL Intermountain Power Project, ECB Paraguay biofuel project among others.

Global Hydrogen Production Analysis by Announced Projects

Global Hydrogen Production Analysis by Announced Projects

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Competitive Landscape

The key companies in the global hydrogen industry are Alaka’i Technologies, ZeroAvia, Pipistrel, HES Energy Systems, Compagnie Maritime Belge (CMB), Windcat Workboats, Tsuneishi Facilities & Craft (TFC), Vattenfall, Los Angeles Department of Water and Power (LADWP) and Southern California Gas Company (SoCalGas) among others.

For more details on key companies in the global hydrogen market, download a free report sample

Market report scope

Global Hydrogen Production  (2020) 70 MMT
Time period 2020-2025
Key regions Americas, Europe, Asia Pacific
Key end-users Refining, Chemicals, Steel, Power Generation, Transportation and Buildings
Key sources of production Fossil Fuels, Coal, Renewables
Key announced projects Asian Renewable Energy Hub, SilverFrog, NortH2 green hydrogen, Black Horse, Solar PV plant, Port of Sines, H2Teesside, Hyoffwind Zeebrugge, 3rd phase, HyNetherlands, 2nd phase, LADWP – NREL Intermountain Power Project, ECB Paraguay biofuel project among others
Key companies Alaka’i Technologies, ZeroAvia, Pipistrel, HES Energy Systems, Compagnie Maritime Belge (CMB), Windcat Workboats, Tsuneishi Facilities & Craft (TFC), Vattenfall, Los Angeles Department of Water and Power (LADWP) and Southern California Gas Company (SoCalGas) among others

Scope 

  • The report provides hydrogen market analysis at global, regional level and key countries including the US, Canada, Germany, France, Spain, Japan, Australia, and South Korea.
  • The report offers global production for the period 2014 – 2023, global demand for the period 2030 – 2070, and electrolyzer capacity addition for the period 2014 – 2023.
  • Qualitative analysis of hydrogen production cost by technology, cost factors, green hydrogen competitiveness, and major technology trends in the hydrogen industry.
  • The report provides market value chain, recent market deals, milestones, policies and initiatives, top company profiles, and key projects.

Reasons to Buy

  • Facilitate decision-making by analyzing market data on hydrogen market
  • Develop strategies based on developments in the hydrogen market
  • Identify key partners and business-development avenues, based on an understanding of the movements of the major competitors in the hydrogen market
  • Respond to your competitors’ business structure, strategies, and prospects

Hazer Group
McPhy Energy
ITM Power
Vision Hydrogen
Progressive Energy
PowerHouse Energy
Sino-Platinum Metals
Impala Platinum Holdings Ltd
Hexagon Composit
Kolon Industries
Ballard Power Systems
Proton Power System
Bloom EnergCorp
Ceres Power Holding
Powercell Sweden
Linde AG
Air Liquide SA
Air Productions and Chemicals
Taiyo Nippon Sanso Corp
Orsted AS
Uniper
Xcel Energy
Vattenfall
Verbund
Korea Electric Power
Toyota Motor Corp
Suzuki
General Motors
Scania
Daimler AG
Hyundai Motor Corp
Honda Motor Co Ltd
Pipistrel
ZeroAvia
Alaka’i Technologies
ZeroAvia
Pipistrel
HES Energy Systems
Compagnie Maritime Belge (CMB)
Windcat Workboats
Tsuneishi Facilities & Craft (TFC)
Vattenfall
Los Angeles Department of Water and Power (LADWP) Southern California Gas Company (SoCalGas)
ABB
Siemens AG
Infinite Blue Energy (IBE)
Volkswagen AG
Tata Motors Limited
Alstom SA
Eversholt Rail Group
East Japan Railway Company (JR-EAST)
Stadler Rail AG
Société Nationale des Chemins de Fer Français (SNCF)
Anglo American
McPhy Energy SA

Table of Contents

| About GlobalData

1. Executive Summary

2. Introduction

2.1 Hydrogen, Overview

2.2 Hydrogen, Colours of Hydrogen

Brown Hydrogen

Grey Hydrogen

Blue Hydrogen

Green Hydrogen

2.3 Hydrogen, Production

Steam Methane Reforming

Coal Gasification

Electrolysis

3. Hydrogen, Market by End-Users

3.1 Refining

3.2 Chemicals

3.3 Steel

3.4 Power Generation

3.5 Transportation

3.6 Buildings (Heating)

4. Hydrogen, Market Size and Growth

4.1 Hydrogen Production

Low-Carbon Hydrogen Production

4.2 Hydrogen Demand

Global Pure Hydrogen Demand

Global hydrogen production in the Sustainable Development Scenario

4.3 Hydrogen Cost

Hydrogen Production Cost by Technology

Cost Factors

Scaling Up Electrolysers

Green Hydrogen Competitiveness

Hydrogen Cost Reduction by 2030

4.4 Electrolyzer Capacity

5. Hydrogen, Trends

5.1 Technology Trends

5.2 Macroeconomic Trends

5.3 Regulatory trends

6. Hydrogen, Value Chain

6.1 Energy Input

6.2 Production

Reforming

Partial Oxidation

Electrolysis

6.3 Transport

6.4 Storage

6.5 End-User

7. Hydrogen and Renewables

7.1 Future Trends

7.2 Shift towards Green Hydrogen

7.3 Role of Hydrogen for Decarbonization

7.4 Competitiveness

8. Hydrogen, Americas

8.1 Overview

DOE Hydrogen Program Plan

Hydrogen in Latin America

Scaling up of Green Hydrogen projects in North America

8.2 Hydrogen Strategy, US

8.3 Hydrogen Strategy, Canada

8.4 Policy Landscape, Americas

9. Hydrogen, Europe

9.1 Overview

Road Map to 2050

Hydrogen Strategy

European Green Deal Investment Plan

National Hydrogen Strategies of EU Countries

Planned Power-to-Hydrogen Projects

Annual Hydrogen Demand Per Segment

9.2 Hydrogen Strategy, Germany

9.3 Hydrogen Strategy, France

9.4 Hydrogen Strategy, Spain

9.5 Policy Landscape, Europe

10. Hydrogen, Asia Pacific

10.1 Overview

10.2 Hydrogen Strategy, Japan

10.3 Hydrogen Strategy, Australia

10.4 Hydrogen Strategy, South Korea

10.5 Policy Landscape, Asia Pacific

11. Hydrogen, Projects, Deals, and Milestones

11.1 Hydrogen, Projects

Global Projects

Brief Review of Major Hydrogen Projects

11.2 Hydrogen, Deals

11.3 Hydrogen, Milestones

12. Hydrogen, Major Companies

12.1 Hydrogen, Major Participants in the Hydrogen Value Chain

12.2 Hydrogen, Leading Companies

12.3 Hydrogen, Company Profiles

Air Liquide SA

Linde AG

McPhy Energy SA

Impala Platinum Holdings Ltd

Bloom Energy Corp

Orsted AS

13. Appendix

13.1 Abbreviations

13.2 Bibliography

13.3 Research Methodology

Primary Research

Secondary Research

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Table

Table 1: Hydrogen, Carbon Capture, and Storage Projects

Table 2: Hydrogen, Routes for low-carbon hydrogen production

Table 3: Hydrogen, Technology Trends

Table 4: Hydrogen, Macroeconomic Trends

Table 5: Hydrogen, Technology Trends

Table 6: Hydrogen, Routes of Hydrogen in Heating Supply in Buildings

Table 7: Hydrogen, Policies in Latin America

Table 8: Hydrogen, US Hydrogen Enablers Road Map

Table 9: Hydrogen, America, Policy Landscape

Table 10: Hydrogen, National Hydrogen Strategies of EU Countries

Table 11: Hydrogen, Expected progress towards the EU hydrogen strategy targets

Table 12: Hydrogen, Europe, Policy Landscape

Table 13: Hydrogen, Asia Pacific, Policy Landscape

Table 14: Hydrogen, Major Hydrogen Projects

Table 15: Asian Renewable Energy Hub

Table 16: NORTH2

Table 17: NEOM Hydrogen Project

Table 18: Jingneng Power’s Inner Mongolia Hydrogen Project

Table 19: HyGreen Provence

Table 20: Hyport Oostende Hydrogen Project

Table 21: Hydrogen, Deals

Table 22: Milestones in the story of hydrogen

Table 23: Hydrogen, Key participants in the Hydrogen Value Chain

Table 24: Hydrogen, Leading companies in hydrogen theme

Table 25: Hydrogen, Air Liquide SA

Table 26: Hydrogen, Linde AG, Engineering

Table 27: Hydrogen, McPhy Energy SA

Table 28: Hydrogen, Impala Platinum Holdings

Table 29: Hydrogen, Bloom Energy Corp

Table 30: Hydrogen, Orsted AS

Table 31: Abbreviations

Figures

Figure 1: Hydrogen, Colors of Hydrogen

Figure 2: Hydrogen, Steam Methane Reforming Process

Figure 3: Hydrogen, Coal Gasification Process

Figure 4: Hydrogen, Working Principle of Electrolysis

Figure 5: Hydrogen, Hydrogen Production by source, 2020

Figure 6: Hydrogen, Low Carbon Hydrogen Production (Mt/year), 2014 – 2023

Figure 7: Hydrogen, Hydrogen production potential across regions

Figure 8: Hydrogen, Global Pure Hydrogen Demand, 2000 – 2020

Figure 9: Hydrogen, Global Hydrogen Demand, by Sector, Sustainable Development Scenario, 2030 – 2070

Figure 10: Hydrogen, Average Hydrogen Production Cost by Technology

Figure 11: Hydrogen, Step Changes to achieve Green Hydrogen Competitiveness

Figure 12: Hydrogen, Electrolyzer Capacity Addition (MW/yr), 2014 – 2023

Figure 13: Hydrogen, Energy Value Chain

Figure 14: Hydrogen, Storage

Figure 15: Hydrogen, Benefits of Hydrogen for EU, by 2050

Figure 16: Hydrogen, Cumulative planned PtH projects, 2020 – 2019

Figure 17: Hydrogen, Annual Hydrogen Demand Per Segment, 2030 and 2050

Figure 18: Hydrogen, Global Hydrogen Projects

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