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Hydrogen Gas-Global Market Insights and Sales Trends 2025
Synopsis
Hydrogen (H2) gas is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.
The global Hydrogen Gas market size is expected to reach US$ 223770 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Hydrogen Gas in various end use industries. The expanding demands from the Oil Refining, Ammonia Production, Methanol Production and Steel Production, are propelling Hydrogen Gas market. Captive Hydrogen, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Merchant Hydrogen segment is estimated at % CAGR for the next seven-year period.
Hydrogen produced through renewable-powered electrolysis is used as a fuel in vehicles, or it is stored and used later in fuel cells to generate electricity. Furthermore, some of the major countries, such as Germany, Japan, and the U.S., are looking to adopt hydrogen as transportation fuel over conventional fossil fuels, which would boost the market growth in the forecast period. The timetable for the global ban on the sale of fuel vehicles has been clear, which will promote the development of new energy vehicles. Hydrogen energy vehicles are an important branch. Hydrogen is an environmentally friendly gas and also a friendly fuel. With strict restrictions on carbon emissions in various countries, it will stimulate hydrogen as an environmentally friendly energy source.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hydrogen Gas, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hydrogen Gas market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hydrogen Gas market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hydrogen Gas sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hydrogen Gas covered in this report include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yinde Gas, Meijin Energy and Donghua Energy, etc.
The global Hydrogen Gas market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yinde Gas
Meijin Energy
Donghua Energy
Sinopec
Huachang Chemical
Global Hydrogen Gas market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hydrogen Gas market, Segment by Type:
Captive Hydrogen
Merchant Hydrogen
Global Hydrogen Gas market, by Application
Oil Refining
Ammonia Production
Methanol Production
Steel Production
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hydrogen Gas manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hydrogen Gas in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Hydrogen (H2) gas is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.
The global Hydrogen Gas market size is expected to reach US$ 223770 million by 2029, growing at a CAGR of 2.7% from 2023 to 2029. The market is mainly driven by the significant applications of Hydrogen Gas in various end use industries. The expanding demands from the Oil Refining, Ammonia Production, Methanol Production and Steel Production, are propelling Hydrogen Gas market. Captive Hydrogen, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Merchant Hydrogen segment is estimated at % CAGR for the next seven-year period.
Hydrogen produced through renewable-powered electrolysis is used as a fuel in vehicles, or it is stored and used later in fuel cells to generate electricity. Furthermore, some of the major countries, such as Germany, Japan, and the U.S., are looking to adopt hydrogen as transportation fuel over conventional fossil fuels, which would boost the market growth in the forecast period. The timetable for the global ban on the sale of fuel vehicles has been clear, which will promote the development of new energy vehicles. Hydrogen energy vehicles are an important branch. Hydrogen is an environmentally friendly gas and also a friendly fuel. With strict restrictions on carbon emissions in various countries, it will stimulate hydrogen as an environmentally friendly energy source.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Hydrogen Gas, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Hydrogen Gas market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Hydrogen Gas market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Hydrogen Gas sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Hydrogen Gas covered in this report include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yinde Gas, Meijin Energy and Donghua Energy, etc.
The global Hydrogen Gas market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Linde Group
Air Liquide
Air Products
Air Water
Taiyo Nippon Sanso
Messer Group
Yinde Gas
Meijin Energy
Donghua Energy
Sinopec
Huachang Chemical
Global Hydrogen Gas market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Hydrogen Gas market, Segment by Type:
Captive Hydrogen
Merchant Hydrogen
Global Hydrogen Gas market, by Application
Oil Refining
Ammonia Production
Methanol Production
Steel Production
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Hydrogen Gas manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Hydrogen Gas in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Hydrogen Gas Market Overview
1.1 Hydrogen Gas Product Overview
1.2 Hydrogen Gas Market Segment by Type
1.2.1 Captive Hydrogen
1.2.2 Merchant Hydrogen
1.3 Global Hydrogen Gas Market Size by Type
1.3.1 Global Hydrogen Gas Market Size Overview by Type (2018-2029)
1.3.2 Global Hydrogen Gas Historic Market Size Review by Type (2018-2023)
1.3.3 Global Hydrogen Gas Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Hydrogen Gas Sales Breakdown by Type (2018-2023)
1.4.2 Europe Hydrogen Gas Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Hydrogen Gas Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Hydrogen Gas Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Hydrogen Gas Sales Breakdown by Type (2018-2023)
2 Global Hydrogen Gas Market Competition by Company
2.1 Global Top Players by Hydrogen Gas Sales (2018-2023)
2.2 Global Top Players by Hydrogen Gas Revenue (2018-2023)
2.3 Global Top Players by Hydrogen Gas Price (2018-2023)
2.4 Global Top Manufacturers Hydrogen Gas Manufacturing Base Distribution, Sales Area, Product Type
2.5 Hydrogen Gas Market Competitive Situation and Trends
2.5.1 Hydrogen Gas Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Hydrogen Gas Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Hydrogen Gas as of 2022)
2.7 Date of Key Manufacturers Enter into Hydrogen Gas Market
2.8 Key Manufacturers Hydrogen Gas Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Hydrogen Gas Status and Outlook by Region
3.1 Global Hydrogen Gas Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Hydrogen Gas Historic Market Size by Region
3.2.1 Global Hydrogen Gas Sales in Volume by Region (2018-2023)
3.2.2 Global Hydrogen Gas Sales in Value by Region (2018-2023)
3.2.3 Global Hydrogen Gas Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Hydrogen Gas Forecasted Market Size by Region
3.3.1 Global Hydrogen Gas Sales in Volume by Region (2024-2029)
3.3.2 Global Hydrogen Gas Sales in Value by Region (2024-2029)
3.3.3 Global Hydrogen Gas Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Hydrogen Gas by Application
4.1 Hydrogen Gas Market Segment by Application
4.1.1 Oil Refining
4.1.2 Ammonia Production
4.1.3 Methanol Production
4.1.4 Steel Production
4.1.5 Others
4.2 Global Hydrogen Gas Market Size by Application
4.2.1 Global Hydrogen Gas Market Size Overview by Application (2018-2029)
4.2.2 Global Hydrogen Gas Historic Market Size Review by Application (2018-2023)
4.2.3 Global Hydrogen Gas Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Hydrogen Gas Sales Breakdown by Application (2018-2023)
4.3.2 Europe Hydrogen Gas Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Hydrogen Gas Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Hydrogen Gas Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Hydrogen Gas Sales Breakdown by Application (2018-2023)
5 North America Hydrogen Gas by Country
5.1 North America Hydrogen Gas Historic Market Size by Country
5.1.1 North America Hydrogen Gas Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Hydrogen Gas Sales in Volume by Country (2018-2023)
5.1.3 North America Hydrogen Gas Sales in Value by Country (2018-2023)
5.2 North America Hydrogen Gas Forecasted Market Size by Country
5.2.1 North America Hydrogen Gas Sales in Volume by Country (2024-2029)
5.2.2 North America Hydrogen Gas Sales in Value by Country (2024-2029)
6 Europe Hydrogen Gas by Country
6.1 Europe Hydrogen Gas Historic Market Size by Country
6.1.1 Europe Hydrogen Gas Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Hydrogen Gas Sales in Volume by Country (2018-2023)
6.1.3 Europe Hydrogen Gas Sales in Value by Country (2018-2023)
6.2 Europe Hydrogen Gas Forecasted Market Size by Country
6.2.1 Europe Hydrogen Gas Sales in Volume by Country (2024-2029)
6.2.2 Europe Hydrogen Gas Sales in Value by Country (2024-2029)
7 Asia-Pacific Hydrogen Gas by Region
7.1 Asia-Pacific Hydrogen Gas Historic Market Size by Region
7.1.1 Asia-Pacific Hydrogen Gas Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Hydrogen Gas Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Hydrogen Gas Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Hydrogen Gas Forecasted Market Size by Region
7.2.1 Asia-Pacific Hydrogen Gas Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Hydrogen Gas Sales in Value by Region (2024-2029)
8 Latin America Hydrogen Gas by Country
8.1 Latin America Hydrogen Gas Historic Market Size by Country
8.1.1 Latin America Hydrogen Gas Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Hydrogen Gas Sales in Volume by Country (2018-2023)
8.1.3 Latin America Hydrogen Gas Sales in Value by Country (2018-2023)
8.2 Latin America Hydrogen Gas Forecasted Market Size by Country
8.2.1 Latin America Hydrogen Gas Sales in Volume by Country (2024-2029)
8.2.2 Latin America Hydrogen Gas Sales in Value by Country (2024-2029)
9 Middle East and Africa Hydrogen Gas by Country
9.1 Middle East and Africa Hydrogen Gas Historic Market Size by Country
9.1.1 Middle East and Africa Hydrogen Gas Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Hydrogen Gas Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Hydrogen Gas Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Hydrogen Gas Forecasted Market Size by Country
9.2.1 Middle East and Africa Hydrogen Gas Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Hydrogen Gas Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Linde Group
10.1.1 Linde Group Company Information
10.1.2 Linde Group Introduction and Business Overview
10.1.3 Linde Group Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Linde Group Hydrogen Gas Products Offered
10.1.5 Linde Group Recent Development
10.2 Air Liquide
10.2.1 Air Liquide Company Information
10.2.2 Air Liquide Introduction and Business Overview
10.2.3 Air Liquide Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Air Liquide Hydrogen Gas Products Offered
10.2.5 Air Liquide Recent Development
10.3 Air Products
10.3.1 Air Products Company Information
10.3.2 Air Products Introduction and Business Overview
10.3.3 Air Products Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Air Products Hydrogen Gas Products Offered
10.3.5 Air Products Recent Development
10.4 Air Water
10.4.1 Air Water Company Information
10.4.2 Air Water Introduction and Business Overview
10.4.3 Air Water Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Air Water Hydrogen Gas Products Offered
10.4.5 Air Water Recent Development
10.5 Taiyo Nippon Sanso
10.5.1 Taiyo Nippon Sanso Company Information
10.5.2 Taiyo Nippon Sanso Introduction and Business Overview
10.5.3 Taiyo Nippon Sanso Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Taiyo Nippon Sanso Hydrogen Gas Products Offered
10.5.5 Taiyo Nippon Sanso Recent Development
10.6 Messer Group
10.6.1 Messer Group Company Information
10.6.2 Messer Group Introduction and Business Overview
10.6.3 Messer Group Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Messer Group Hydrogen Gas Products Offered
10.6.5 Messer Group Recent Development
10.7 Yinde Gas
10.7.1 Yinde Gas Company Information
10.7.2 Yinde Gas Introduction and Business Overview
10.7.3 Yinde Gas Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Yinde Gas Hydrogen Gas Products Offered
10.7.5 Yinde Gas Recent Development
10.8 Meijin Energy
10.8.1 Meijin Energy Company Information
10.8.2 Meijin Energy Introduction and Business Overview
10.8.3 Meijin Energy Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Meijin Energy Hydrogen Gas Products Offered
10.8.5 Meijin Energy Recent Development
10.9 Donghua Energy
10.9.1 Donghua Energy Company Information
10.9.2 Donghua Energy Introduction and Business Overview
10.9.3 Donghua Energy Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Donghua Energy Hydrogen Gas Products Offered
10.9.5 Donghua Energy Recent Development
10.10 Sinopec
10.10.1 Sinopec Company Information
10.10.2 Sinopec Introduction and Business Overview
10.10.3 Sinopec Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Sinopec Hydrogen Gas Products Offered
10.10.5 Sinopec Recent Development
10.11 Huachang Chemical
10.11.1 Huachang Chemical Company Information
10.11.2 Huachang Chemical Introduction and Business Overview
10.11.3 Huachang Chemical Hydrogen Gas Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Huachang Chemical Hydrogen Gas Products Offered
10.11.5 Huachang Chemical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Hydrogen Gas Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Hydrogen Gas Industrial Chain Analysis
11.4 Hydrogen Gas Market Dynamics
11.4.1 Hydrogen Gas Industry Trends
11.4.2 Hydrogen Gas Market Drivers
11.4.3 Hydrogen Gas Market Challenges
11.4.4 Hydrogen Gas Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Hydrogen Gas Distributors
12.3 Hydrogen Gas Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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