Global Hydrogen Market Growth 2023-2029

Hydrogen is a clean alternative to methane, also known as natural gas. It's the most abundant chemical element
LPI (LP Information)' newest research report, the “Hydrogen Industry Forecast” looks at past sales and reviews total world Hydrogen sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydrogen sales for 2023 through 2029. With Hydrogen sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrogen industry.

This Insight Report provides a comprehensive analysis of the global Hydrogen landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrogen portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hydrogen market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrogen and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrogen.

The global Hydrogen market size is projected to grow from US$ 140650 million in 2022 to US$ 158740 million in 2029; it is expected to grow at a CAGR of 158740 from 2023 to 2029.

Global key players of Hydrogen include Linde Group, Sinopec, Air Products, Air Liquide, Taiyo Nippon Sanso, etc. The top five players hold a share about 10%. China is the largest producer, holds a share around 31%, followed by Europe and North America, with share 24% and 15%, separately. The largest market is China, has a share about 30%, followed by Europe and North America, with around 27% and 15% market share respectively.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrogen market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Captive Hydrogen
    Merchant Hydrogen

Segmentation by application
    Oil Refining
    Ammonia Production
    Methanol Production
    Steel Production
    The Fuel Cell
    Electronics And Semiconductors
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Linde Group
    Air Liquide
    Air Products
    Air Water
    Taiyo Nippon Sanso
    Messer Group
    Yinde Gas
    Meijin Energy
    Donghua Energy
    Sinopec
    Huachang Chemical

Key Questions Addressed in this Report
What is the 10-year outlook for the global Hydrogen market?
What factors are driving Hydrogen market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Hydrogen market opportunities vary by end market size?
How does Hydrogen break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

List of Tables
    Table 1. Hydrogen Annual Sales CAGR by Geographic Region (2018, 2022 & 2029) & ($ millions)
    Table 2. Hydrogen Annual Sales CAGR by Country/Region (2018, 2022 & 2029) & ($ millions)
    Table 3. Major Players of Captive Hydrogen
    Table 4. Major Players of Merchant Hydrogen
    Table 5. Global Hydrogen Sales by Type (2018-2023) & (K MT)
    Table 6. Global Hydrogen Sales Market Share by Type (2018-2023)
    Table 7. Global Hydrogen Revenue by Type (2018-2023) & ($ million)
    Table 8. Global Hydrogen Revenue Market Share by Type (2018-2023)
    Table 9. Global Hydrogen Sale Price by Type (2018-2023) & (USD/MT)
    Table 10. Global Hydrogen Sales by Application (2018-2023) & (K MT)
    Table 11. Global Hydrogen Sales Market Share by Application (2018-2023)
    Table 12. Global Hydrogen Revenue by Application (2018-2023)
    Table 13. Global Hydrogen Revenue Market Share by Application (2018-2023)
    Table 14. Global Hydrogen Sale Price by Application (2018-2023) & (USD/MT)
    Table 15. Global Hydrogen Sales by Company (2018-2023) & (K MT)
    Table 16. Global Hydrogen Sales Market Share by Company (2018-2023)
    Table 17. Global Hydrogen Revenue by Company (2018-2023) ($ Millions)
    Table 18. Global Hydrogen Revenue Market Share by Company (2018-2023)
    Table 19. Global Hydrogen Sale Price by Company (2018-2023) & (USD/MT)
    Table 20. Key Manufacturers Hydrogen Producing Area Distribution and Sales Area
    Table 21. Players Hydrogen Products Offered
    Table 22. Hydrogen Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
    Table 23. New Products and Potential Entrants
    Table 24. Mergers & Acquisitions, Expansion
    Table 25. Global Hydrogen Sales by Geographic Region (2018-2023) & (K MT)
    Table 26. Global Hydrogen Sales Market Share Geographic Region (2018-2023)
    Table 27. Global Hydrogen Revenue by Geographic Region (2018-2023) & ($ millions)
    Table 28. Global Hydrogen Revenue Market Share by Geographic Region (2018-2023)
    Table 29. Global Hydrogen Sales by Country/Region (2018-2023) & (K MT)
    Table 30. Global Hydrogen Sales Market Share by Country/Region (2018-2023)
    Table 31. Global Hydrogen Revenue by Country/Region (2018-2023) & ($ millions)
    Table 32. Global Hydrogen Revenue Market Share by Country/Region (2018-2023)
    Table 33. Americas Hydrogen Sales by Country (2018-2023) & (K MT)
    Table 34. Americas Hydrogen Sales Market Share by Country (2018-2023)
    Table 35. Americas Hydrogen Revenue by Country (2018-2023) & ($ Millions)
    Table 36. Americas Hydrogen Revenue Market Share by Country (2018-2023)
    Table 37. Americas Hydrogen Sales by Type (2018-2023) & (K MT)
    Table 38. Americas Hydrogen Sales by Application (2018-2023) & (K MT)
    Table 39. APAC Hydrogen Sales by Region (2018-2023) & (K MT)
    Table 40. APAC Hydrogen Sales Market Share by Region (2018-2023)
    Table 41. APAC Hydrogen Revenue by Region (2018-2023) & ($ Millions)
    Table 42. APAC Hydrogen Revenue Market Share by Region (2018-2023)
    Table 43. APAC Hydrogen Sales by Type (2018-2023) & (K MT)
    Table 44. APAC Hydrogen Sales by Application (2018-2023) & (K MT)
    Table 45. Europe Hydrogen Sales by Country (2018-2023) & (K MT)
    Table 46. Europe Hydrogen Sales Market Share by Country (2018-2023)
    Table 47. Europe Hydrogen Revenue by Country (2018-2023) & ($ Millions)
    Table 48. Europe Hydrogen Revenue Market Share by Country (2018-2023)
    Table 49. Europe Hydrogen Sales by Type (2018-2023) & (K MT)
    Table 50. Europe Hydrogen Sales by Application (2018-2023) & (K MT)
    Table 51. Middle East & Africa Hydrogen Sales by Country (2018-2023) & (K MT)
    Table 52. Middle East & Africa Hydrogen Sales Market Share by Country (2018-2023)
    Table 53. Middle East & Africa Hydrogen Revenue by Country (2018-2023) & ($ Millions)
    Table 54. Middle East & Africa Hydrogen Revenue Market Share by Country (2018-2023)
    Table 55. Middle East & Africa Hydrogen Sales by Type (2018-2023) & (K MT)
    Table 56. Middle East & Africa Hydrogen Sales by Application (2018-2023) & (K MT)
    Table 57. Key Market Drivers & Growth Opportunities of Hydrogen
    Table 58. Key Market Challenges & Risks of Hydrogen
    Table 59. Key Industry Trends of Hydrogen
    Table 60. Hydrogen Raw Material
    Table 61. Key Suppliers of Raw Materials
    Table 62. Hydrogen Distributors List
    Table 63. Hydrogen Customer List
    Table 64. Global Hydrogen Sales Forecast by Region (2024-2029) & (K MT)
    Table 65. Global Hydrogen Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 66. Americas Hydrogen Sales Forecast by Country (2024-2029) & (K MT)
    Table 67. Americas Hydrogen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 68. APAC Hydrogen Sales Forecast by Region (2024-2029) & (K MT)
    Table 69. APAC Hydrogen Revenue Forecast by Region (2024-2029) & ($ millions)
    Table 70. Europe Hydrogen Sales Forecast by Country (2024-2029) & (K MT)
    Table 71. Europe Hydrogen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 72. Middle East & Africa Hydrogen Sales Forecast by Country (2024-2029) & (K MT)
    Table 73. Middle East & Africa Hydrogen Revenue Forecast by Country (2024-2029) & ($ millions)
    Table 74. Global Hydrogen Sales Forecast by Type (2024-2029) & (K MT)
    Table 75. Global Hydrogen Revenue Forecast by Type (2024-2029) & ($ Millions)
    Table 76. Global Hydrogen Sales Forecast by Application (2024-2029) & (K MT)
    Table 77. Global Hydrogen Revenue Forecast by Application (2024-2029) & ($ Millions)
    Table 78. Linde Group Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 79. Linde Group Hydrogen Product Portfolios and Specifications
    Table 80. Linde Group Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 81. Linde Group Main Business
    Table 82. Linde Group Latest Developments
    Table 83. Air Liquide Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 84. Air Liquide Hydrogen Product Portfolios and Specifications
    Table 85. Air Liquide Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 86. Air Liquide Main Business
    Table 87. Air Liquide Latest Developments
    Table 88. Air Products Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 89. Air Products Hydrogen Product Portfolios and Specifications
    Table 90. Air Products Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 91. Air Products Main Business
    Table 92. Air Products Latest Developments
    Table 93. Air Water Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 94. Air Water Hydrogen Product Portfolios and Specifications
    Table 95. Air Water Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 96. Air Water Main Business
    Table 97. Air Water Latest Developments
    Table 98. Taiyo Nippon Sanso Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 99. Taiyo Nippon Sanso Hydrogen Product Portfolios and Specifications
    Table 100. Taiyo Nippon Sanso Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 101. Taiyo Nippon Sanso Main Business
    Table 102. Taiyo Nippon Sanso Latest Developments
    Table 103. Messer Group Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 104. Messer Group Hydrogen Product Portfolios and Specifications
    Table 105. Messer Group Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 106. Messer Group Main Business
    Table 107. Messer Group Latest Developments
    Table 108. Yinde Gas Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 109. Yinde Gas Hydrogen Product Portfolios and Specifications
    Table 110. Yinde Gas Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 111. Yinde Gas Main Business
    Table 112. Yinde Gas Latest Developments
    Table 113. Meijin Energy Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 114. Meijin Energy Hydrogen Product Portfolios and Specifications
    Table 115. Meijin Energy Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 116. Meijin Energy Main Business
    Table 117. Meijin Energy Latest Developments
    Table 118. Donghua Energy Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 119. Donghua Energy Hydrogen Product Portfolios and Specifications
    Table 120. Donghua Energy Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 121. Donghua Energy Main Business
    Table 122. Donghua Energy Latest Developments
    Table 123. Sinopec Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 124. Sinopec Hydrogen Product Portfolios and Specifications
    Table 125. Sinopec Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 126. Sinopec Main Business
    Table 127. Sinopec Latest Developments
    Table 128. Huachang Chemical Basic Information, Hydrogen Manufacturing Base, Sales Area and Its Competitors
    Table 129. Huachang Chemical Hydrogen Product Portfolios and Specifications
    Table 130. Huachang Chemical Hydrogen Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2018-2023)
    Table 131. Huachang Chemical Main Business
    Table 132. Huachang Chemical Latest Developments
List of Figures
    Figure 1. Picture of Hydrogen
    Figure 2. Hydrogen Report Years Considered
    Figure 3. Research Objectives
    Figure 4. Research Methodology
    Figure 5. Research Process and Data Source
    Figure 6. Global Hydrogen Sales Growth Rate 2018-2029 (K MT)
    Figure 7. Global Hydrogen Revenue Growth Rate 2018-2029 ($ Millions)
    Figure 8. Hydrogen Sales by Region (2018, 2022 & 2029) & ($ Millions)
    Figure 9. Product Picture of Captive Hydrogen
    Figure 10. Product Picture of Merchant Hydrogen
    Figure 11. Global Hydrogen Sales Market Share by Type in 2022
    Figure 12. Global Hydrogen Revenue Market Share by Type (2018-2023)
    Figure 13. Hydrogen Consumed in Oil Refining
    Figure 14. Global Hydrogen Market: Oil Refining (2018-2023) & (K MT)
    Figure 15. Hydrogen Consumed in Ammonia Production
    Figure 16. Global Hydrogen Market: Ammonia Production (2018-2023) & (K MT)
    Figure 17. Hydrogen Consumed in Methanol Production
    Figure 18. Global Hydrogen Market: Methanol Production (2018-2023) & (K MT)
    Figure 19. Hydrogen Consumed in Steel Production
    Figure 20. Global Hydrogen Market: Steel Production (2018-2023) & (K MT)
    Figure 21. Hydrogen Consumed in The Fuel Cell
    Figure 22. Global Hydrogen Market: The Fuel Cell (2018-2023) & (K MT)
    Figure 23. Hydrogen Consumed in Electronics And Semiconductors
    Figure 24. Global Hydrogen Market: Electronics And Semiconductors (2018-2023) & (K MT)
    Figure 25. Hydrogen Consumed in Others
    Figure 26. Global Hydrogen Market: Others (2018-2023) & (K MT)
    Figure 27. Global Hydrogen Sales Market Share by Application (2022)
    Figure 28. Global Hydrogen Revenue Market Share by Application in 2022
    Figure 29. Hydrogen Sales Market by Company in 2022 (K MT)
    Figure 30. Global Hydrogen Sales Market Share by Company in 2022
    Figure 31. Hydrogen Revenue Market by Company in 2022 ($ Million)
    Figure 32. Global Hydrogen Revenue Market Share by Company in 2022
    Figure 33. Global Hydrogen Sales Market Share by Geographic Region (2018-2023)
    Figure 34. Global Hydrogen Revenue Market Share by Geographic Region in 2022
    Figure 35. Americas Hydrogen Sales 2018-2023 (K MT)
    Figure 36. Americas Hydrogen Revenue 2018-2023 ($ Millions)
    Figure 37. APAC Hydrogen Sales 2018-2023 (K MT)
    Figure 38. APAC Hydrogen Revenue 2018-2023 ($ Millions)
    Figure 39. Europe Hydrogen Sales 2018-2023 (K MT)
    Figure 40. Europe Hydrogen Revenue 2018-2023 ($ Millions)
    Figure 41. Middle East & Africa Hydrogen Sales 2018-2023 (K MT)
    Figure 42. Middle East & Africa Hydrogen Revenue 2018-2023 ($ Millions)
    Figure 43. Americas Hydrogen Sales Market Share by Country in 2022
    Figure 44. Americas Hydrogen Revenue Market Share by Country in 2022
    Figure 45. Americas Hydrogen Sales Market Share by Type (2018-2023)
    Figure 46. Americas Hydrogen Sales Market Share by Application (2018-2023)
    Figure 47. United States Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 48. Canada Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 49. Mexico Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 50. Brazil Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 51. APAC Hydrogen Sales Market Share by Region in 2022
    Figure 52. APAC Hydrogen Revenue Market Share by Regions in 2022
    Figure 53. APAC Hydrogen Sales Market Share by Type (2018-2023)
    Figure 54. APAC Hydrogen Sales Market Share by Application (2018-2023)
    Figure 55. China Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 56. Japan Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 57. South Korea Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 58. Southeast Asia Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 59. India Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 60. Australia Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 61. China Taiwan Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 62. Europe Hydrogen Sales Market Share by Country in 2022
    Figure 63. Europe Hydrogen Revenue Market Share by Country in 2022
    Figure 64. Europe Hydrogen Sales Market Share by Type (2018-2023)
    Figure 65. Europe Hydrogen Sales Market Share by Application (2018-2023)
    Figure 66. Germany Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 67. France Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 68. UK Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 69. Italy Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 70. Russia Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 71. Middle East & Africa Hydrogen Sales Market Share by Country in 2022
    Figure 72. Middle East & Africa Hydrogen Revenue Market Share by Country in 2022
    Figure 73. Middle East & Africa Hydrogen Sales Market Share by Type (2018-2023)
    Figure 74. Middle East & Africa Hydrogen Sales Market Share by Application (2018-2023)
    Figure 75. Egypt Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 76. South Africa Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 77. Israel Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 78. Turkey Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 79. GCC Country Hydrogen Revenue Growth 2018-2023 ($ Millions)
    Figure 80. Manufacturing Cost Structure Analysis of Hydrogen in 2022
    Figure 81. Manufacturing Process Analysis of Hydrogen
    Figure 82. Industry Chain Structure of Hydrogen
    Figure 83. Channels of Distribution
    Figure 84. Global Hydrogen Sales Market Forecast by Region (2024-2029)
    Figure 85. Global Hydrogen Revenue Market Share Forecast by Region (2024-2029)
    Figure 86. Global Hydrogen Sales Market Share Forecast by Type (2024-2029)
    Figure 87. Global Hydrogen Revenue Market Share Forecast by Type (2024-2029)
    Figure 88. Global Hydrogen Sales Market Share Forecast by Application (2024-2029)
    Figure 89. Global Hydrogen Revenue Market Share Forecast by Application (2024-2029)

Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yinde Gas
Meijin Energy
Donghua Energy
Sinopec
Huachang Chemical

LP Information presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

• Primary Source
  Players/Suppliers
  Industry Experts
  Distributors/Traders
  Opinion Leaders
  Front-line Staff
  Marketing Executives

  Secondary Source
  Journals and Periodicals
  Government Bodies
  Annual Reports
  Presentations
  Paid Databases
  LPI Internal Repository

• Data Synthesis
  Information Gathering
  Collation of Data
  Estimation of Key Figures
  Analysis of Derived Insights

  Data Validation
  Triangulation with Data Models
  Reference Against Proprietary
  Databases
  Corroboration with Industry Experts

• Qualitative Analysis
  Market drivers
  Market challenges
  Market trends
  Five forces analysis

  Qualitative Analysis
  Market size and forecast
  Market segmentation
  Geographical insights
  Competitive landscape