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
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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
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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
For more announced projects insights on the global hydrogen market, download a free report sample
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
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
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Frequently asked questions
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What was the production capacity for global hydrogen industry in 2021?
The global hydrogen production was valued at 70 mmt in 2020.
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What are the key end-users in the global hydrogen industry?
The key end users in the global hydrogen market are refining, chemicals, steel, power generation, transportation and buildings.
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What are the key sources of production in the global hydrogen market?
The key sources of production in the global hydrogen market are fossil fuels, coal and renewables.
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What are the key announced projects in the global hydrogen market?
The key announced projects in the global hydrogen markets 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.
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Which are the leading companies in the global hydrogen industry?
The leading 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.
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