1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 28
1.3 STUDY SCOPE 28
1.3.1 INCLUSIONS AND EXCLUSIONS 28
TABLE 1 HYDROGEN MARKET: INCLUSIONS AND EXCLUSIONS 28
1.3.2 MARKETS COVERED 29
FIGURE 1 HYDROGEN MARKET SEGMENTATION 29
1.3.3 GEOGRAPHICAL SCOPE 29
1.3.4 YEARS CONSIDERED 30
1.4 CURRENCY CONSIDERED 30
1.5 LIMITATIONS 30
1.6 STAKEHOLDERS 31
1.7 IMPACT OF RECESSION 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 HYDROGEN MARKET: RESEARCH DESIGN 33
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 34
FIGURE 3 DATA TRIANGULATION METHODOLOGY 34
2.2.1 SECONDARY DATA 35
2.2.1.1 Key data from secondary sources 35
2.2.2 PRIMARY DATA 35
2.2.2.1 Key data from primary sources 36
2.2.2.2 Breakdown of primaries 36
FIGURE 4 BREAKDOWN OF PRIMARIES 37
2.3 MARKET SIZE ESTIMATION 37
2.3.1 BOTTOM-UP APPROACH 38
FIGURE 5 HYDROGEN MARKET: BOTTOM-UP APPROACH 38
2.3.2 TOP-DOWN APPROACH 39
FIGURE 6 HYDROGEN MARKET: TOP-DOWN APPROACH 39
2.3.3 DEMAND-SIDE ANALYSIS 40
FIGURE 7 METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN 40
2.3.3.1 Assumptions for demand-side analysis 40
2.3.3.2 Calculations for demand-side analysis 41
2.3.4 SUPPLY-SIDE ANALYSIS 42
FIGURE 8 KEY STEPS CONSIDERED TO ASSESS SUPPLY OF HYDROGEN 42
FIGURE 9 HYDROGEN MARKET: SUPPLY-SIDE ANALYSIS 43
2.3.4.1 Assumptions and calculations for supply-side analysis 43
FIGURE 10 HYDROGEN MARKET SHARE ANALYSIS, 2022 43
2.4 GROWTH FORECAST 44
2.5 IMPACT OF RECESSION 44
3 EXECUTIVE SUMMARY 45
TABLE 2 HYDROGEN MARKET SNAPSHOT 45
FIGURE 11 BY SECTOR, GENERATION TYPE SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 46
FIGURE 12 BY APPLICATION, CHEMICAL & REFINERY SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 46
FIGURE 13 NORTH AMERICA DOMINATED HYDROGEN MARKET IN 2022 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN MARKET 48
FIGURE 14 GROWING NEED TO REDUCE GREENHOUSE GAS EMISSIONS FROM HYDROGEN PRODUCTION PROCESSES TO FUEL MARKET GROWTH DURING FORECAST PERIOD 48
4.2 HYDROGEN MARKET, BY REGION 48
FIGURE 15 HYDROGEN MARKET IN ASIA PACIFIC TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD 48
4.3 HYDROGEN MARKET, BY SECTOR 49
FIGURE 16 GENERATION TYPE TO DOMINATE MARKET IN 2030 49
4.4 HYDROGEN MARKET, BY APPLICATION 49
FIGURE 17 CHEMICAL & REFINERY SEGMENT TO LEAD MARKET IN 2030 49
4.5 NORTH AMERICA: HYDROGEN MARKET, BY APPLICATION & COUNTRY 50
FIGURE 18 TRANSPORTATION AND US DOMINATED NORTH AMERICAN HYDROGEN MARKET IN 2022 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 19 HYDROGEN MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Tightening greenhouse gas emission regulations 52
FIGURE 20 GREENHOUSE GAS EMISSIONS, BY SECTOR, 2022 52
5.2.1.2 Rising demand for low-emission fuel 52
5.2.1.3 Increased applications of hydrogen in fuel cell electric vehicles (FECVs) 53
5.2.1.4 Growing R&D related to green hydrogen production technologies 53
5.2.2 RESTRAINTS 53
5.2.2.1 High flammability associated with hydrogen 53
5.2.2.2 Availability of substitutes 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Rising focus of governments on achieving net zero emission targets by 2050 54
FIGURE 21 CUMULATIVE EMISSION REDUCTION, BY MITIGATION MEASURE, 2021–2050 54
5.2.3.2 Development of low-weight storage tanks for transportation 55
5.2.3.3 Government-led initiatives for developing hydrogen economy 55
TABLE 3 POLICIES BY MAJOR ECONOMIES TO STIMULATE HYDROGEN DEMAND 55
5.2.3.4 Government-led efforts for increasing installation of hydrogen fueling stations 56
5.2.4 CHALLENGES 56
5.2.4.1 Energy loss of hydrogen across value chain 56
5.2.4.2 High cost of composite material-based tanks and strict regulatory approvals 56
5.2.4.3 High cost associated with green hydrogen production 57
5.2.4.4 Integration of hydrogen into natural gas networks 57
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 58
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR MANUFACTURERS 58
FIGURE 22 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN MARKET 58
5.4 TRADE ANALYSIS 58
5.4.1 EXPORT SCENARIO 58
TABLE 4 EXPORT DATA FOR HS CODE 280410, BY COUNTRY, 2020–2022 (USD THOUSAND) 58
FIGURE 23 EXPORT DATA FOR TOP FIVE COUNTRIES, 2020–2022 59
5.4.2 IMPORT SCENARIO 59
TABLE 5 IMPORT DATA FOR HS CODE 280410, BY COUNTRY, 2020–2022 (USD THOUSAND) 59
FIGURE 24 IMPORT DATA FOR TOP FIVE COUNTRIES, 2020–2022 (USD THOUSAND) 59
5.5 KEY CONFERENCES AND EVENTS, 2023–2024 60
TABLE 6 HYDROGEN MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 60
5.6 ECOSYSTEM MAPPING 62
FIGURE 25 HYDROGEN MARKET MAP 62
5.7 SUPPLY CHAIN ANALYSIS 63
FIGURE 26 HYDROGEN MARKET: SUPPLY CHAIN ANALYSIS 63
TABLE 7 HYDROGEN MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM 63
5.8 TECHNOLOGY ANALYSIS 64
5.8.1 HYDROGEN GENERATION TECHNOLOGIES 64
5.8.2 HYDROGEN STORAGE TECHNOLOGIES 64
5.8.3 HYDROGEN TRANSPORTATION TECHNOLOGIES 65
5.9 PRICING ANALYSIS 65
5.9.1 INDICATIVE PRICING ANALYSIS, BY HYDROGEN GENERATION 65
TABLE 8 HYDROGEN GENERATION COST, BY TECHNOLOGY 66
5.9.2 INDICATIVE PRICING ANALYSIS, BY HYDROGEN STORAGE 66
TABLE 9 HYDROGEN STORAGE AVERAGE SELLING PRICE, BY REGION 66
5.9.3 PRICING ANALYSIS, BY HYDROGEN TRANSPORTATION 67
FIGURE 27 INDICATIVE COST OF HYDROGEN TRANSPORTATION, BY TRANSPORTATION MODEL 67
5.10 PATENT ANALYSIS 67
5.10.1 LIST OF MAJOR PATENTS 67
TABLE 10 HYDROGEN MARKET: INNOVATIONS AND PATENT REGISTRATIONS 67
5.11 TARIFFS AND REGULATORY FRAMEWORK 69
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 70
5.11.2 HYDROGEN GENERATION MARKET: REGULATIONS 71
TABLE 14 REGULATORY FRAMEWORK: HYDROGEN GENERATION MARKET, BY REGION 71
5.12 CASE STUDY ANALYSIS 71
5.12.1 ASAHI KASEI CORPORATION USES SAP LEONARDO FOR GREEN HYDROGEN PRODUCTION 71
5.12.2 NATIONAL RENEWABLE ENERGY LABORATORY AND ELECTRIC HYDROGEN COLLABORATE TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS 72
5.12.3 NPROXX HELPS ANGLO AMERICAN DEVELOP ZERO-EMISSION MINING VEHICLES AND STORE HYDROGEN COST-EFFECTIVELY 72
5.13 PORTER’S FIVE FORCES ANALYSIS 73
FIGURE 28 HYDROGEN MARKET: PORTER’S FIVE FORCES ANALYSIS 73
TABLE 15 HYDROGEN MARKET: PORTER’S FIVE FORCES ANALYSIS 73
5.13.1 THREAT OF NEW ENTRANTS 74
5.13.2 BARGAINING POWER OF SUPPLIERS 74
5.13.3 BARGAINING POWER OF BUYERS 74
5.13.4 THREAT OF SUBSTITUTES 74
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 74
5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 75
5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS 75
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 75
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 75
5.14.2 BUYING CRITERIA 75
FIGURE 30 BUYING CRITERIA FOR TOP THREE APPLICATIONS 75
TABLE 17 KEY BUYING CRITERIA, BY APPLICATION 76
5.15 HYDROGEN TRANSPORTATION TECHNOLOGY VS. DISTANCE 76
5.16 ROLE OF HYDROGEN IN ENERGY TRANSITION 76
6 HYDROGEN MARKET, BY SECTOR 77
6.1 INTRODUCTION 78
FIGURE 31 HYDROGEN MARKET, BY SECTOR, 2022 78
TABLE 18 HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 78
6.2 GENERATION TYPE 79
TABLE 19 GENERATION TYPE: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 79
TABLE 20 GENERATION TYPE: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 79
TABLE 21 GENERATION TYPE: HYDROGEN MARKET, BY TYPE, 2021–2030 (THOUSAND METRIC TONS) 80
TABLE 22 GENERATION TYPE: HYDROGEN MARKET, BY TYPE, 2021–2030 (USD MILLION) 80
6.2.1 GRAY HYDROGEN 80
6.2.1.1 Low cost of production to fuel demand for gray hydrogen 80
TABLE 23 GRAY HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 81
TABLE 24 GRAY HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 81
6.2.2 BLUE HYDROGEN 81
6.2.2.1 Rising demand for clean hydrogen to drive market 81
TABLE 25 BLUE HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 82
TABLE 26 BLUE HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 82
6.2.3 GREEN HYDROGEN 82
6.2.3.1 Increasing focus on achieving net zero carbon emission targets to boost demand for green hydrogen 82
TABLE 27 GREEN HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 83
TABLE 28 GREEN HYDROGEN: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 83
6.3 STORAGE 83
TABLE 29 STORAGE: HYDROGEN MARKET, BY TYPE, 2021–2030 (USD MILLION) 83
6.3.1 PHYSICAL 84
6.3.1.1 Increasing demand for stationary applications to drive market 84
TABLE 30 PHYSICAL: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 84
TABLE 31 PHYSICAL: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 84
6.3.2 MATERIAL-BASED 85
6.3.2.1 Greater reliability of material-based hydrogen storage technology to boost demand 85
6.4 TRANSPORTATION 85
TABLE 32 TRANSPORTATION: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 85
TABLE 33 TRANSPORTATION: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 85
TABLE 34 TRANSPORTATION: HYDROGEN MARKET, BY TYPE, 2021–2030 (THOUSAND METRIC TONS) 86
TABLE 35 TRANSPORTATION: HYDROGEN MARKET, BY TYPE, 2021–2030 (USD MILLION) 86
6.4.1 LONG DISTANCE 86
6.4.1.1 Growing hydrogen infrastructure to strengthen market 86
TABLE 36 LONG DISTANCE: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 86
TABLE 37 LONG DISTANCE: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 87
TABLE 38 LONG DISTANCE: HYDROGEN MARKET, BY TYPE, 2021–2030 (THOUSAND METRIC TONS) 87
TABLE 39 LONG DISTANCE: HYDROGEN MARKET, BY TYPE, 2021–2030 (USD MILLION) 87
6.4.2 SHORT DISTANCE 87
6.4.2.1 Rising demand for hydrogen for emergency responses to drive market 87
TABLE 40 SHORT DISTANCE: HYDROGEN MARKET, BY REGION, 2021–2030 (THOUSAND METRIC TONS) 88
TABLE 41 SHORT DISTANCE: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 88
7 HYDROGEN MARKET, BY APPLICATION 89
7.1 INTRODUCTION 90
FIGURE 32 HYDROGEN MARKET, BY APPLICATION, 2022 90
TABLE 42 HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 90
7.2 ENERGY 90
7.2.1 EFFORTS TO DECARBONIZE GLOBAL ENERGY SYSTEMS TO DRIVE MARKET 90
TABLE 43 ENERGY: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 91
TABLE 44 ENERGY: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 91
7.2.2 POWER GENERATION 91
7.2.2.1 Growing application of hydrogen in portable devices, backup power, and grid stabilization to benefit market 91
7.2.3 COMBINED HEAT AND POWER (CHP) 92
7.2.3.1 Efficient and sustainable approach to energy generation to strengthen market 92
7.3 MOBILITY 92
7.3.1 RAPID RISE IN DEMAND FOR FUEL CELL ELECTRIC VEHICLES TO DRIVE MARKET 92
TABLE 45 MOBILITY: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 92
7.4 CHEMICAL & REFINERY 93
7.4.1 INCREASING DEMAND FOR HYDROGEN IN REFINERIES TO LOWER SULFUR CONTENT OF DIESEL TO BENEFIT MARKET 93
TABLE 46 CHEMICAL & REFINERY: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 93
TABLE 47 CHEMICAL & REFINERY: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 93
7.4.2 PETROLEUM REFINERY 94
7.4.2.1 Growing need to reduce sulfur content in diesel to boost market 94
7.4.3 AMMONIA PRODUCTION 94
7.4.3.1 Increasing focus on sustainable ammonia production to fuel demand for hydrogen 94
7.4.4 METHANOL PRODUCTION 94
7.4.4.1 Rising application of methanol for transportation fuel and wastewater denitrification to strengthen market 94
7.5 OTHERS 95
TABLE 48 OTHER: HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 95
8 HYDROGEN MARKET, BY REGION 96
8.1 INTRODUCTION 97
FIGURE 33 ASIA PACIFIC MARKET EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 97
FIGURE 34 HYDROGEN MARKET SHARE, BY REGION, 2022 98
8.1.1 RECESSION IMPACT: INTRODUCTION 98
TABLE 49 HYDROGEN MARKET, BY REGION, 2021–2030 (USD MILLION) 98
8.2 NORTH AMERICA 99
FIGURE 35 NORTH AMERICA: HYDROGEN MARKET SNAPSHOT 99
8.2.1 NORTH AMERICA: RECESSION IMPACT 100
8.2.2 BY SECTOR 100
TABLE 50 NORTH AMERICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 100
8.2.2.1 By generation type 100
TABLE 51 NORTH AMERICA: HYDROGEN MARKET, BY GENERATION TYPE, 2021–2030 (USD MILLION) 100
8.2.2.2 By transportation 101
TABLE 52 NORTH AMERICA: HYDROGEN MARKET, BY TRANSPORTATION, 2021–2030 (USD MILLION) 101
8.2.3 BY APPLICATION 101
TABLE 53 NORTH AMERICA: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 101
8.2.4 BY COUNTRY 101
TABLE 54 NORTH AMERICA: HYDROGEN MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 101
8.2.4.1 US 101
8.2.4.1.1 Rising demand for hydrogen in petroleum refineries and fertilizer production to boost demand 101
TABLE 55 US: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 102
8.2.4.2 Canada 102
8.2.4.2.1 Growing focus on developing sustainable hydrogen economy to benefit market 102
TABLE 56 CANADA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 103
8.2.4.3 Mexico 103
8.2.4.3.1 Growing usage of alternative energy sources to drive market 103
TABLE 57 MEXICO: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 103
8.3 ASIA PACIFIC 103
FIGURE 36 ASIA PACIFIC: HYDROGEN MARKET SNAPSHOT 104
8.3.1 ASIA PACIFIC: RECESSION IMPACT 105
8.3.2 BY SECTOR 105
TABLE 58 ASIA PACIFIC: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 105
8.3.2.1 By generation type 105
TABLE 59 ASIA PACIFIC: HYDROGEN MARKET, BY GENERATION TYPE, 2021–2030 (USD MILLION) 105
8.3.2.2 By transportation 105
TABLE 60 ASIA PACIFIC: HYDROGEN MARKET, BY TRANSPORTATION, 2021–2030 (USD MILLION) 105
8.3.3 BY APPLICATION 106
TABLE 61 ASIA PACIFIC: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 106
8.3.4 BY COUNTRY 106
TABLE 62 ASIA PACIFIC: HYDROGEN MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 106
8.3.4.1 China 106
8.3.4.1.1 Favorable government initiatives to boost market 106
TABLE 63 CHINA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 107
8.3.4.2 India 107
8.3.4.2.1 Growing ammonia consumption to strengthen market 107
TABLE 64 INDIA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 108
8.3.4.3 Japan 108
8.3.4.3.1 National hydrogen strategies for emission reduction to boost market 108
TABLE 65 JAPAN: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 108
8.3.4.4 Australia 109
8.3.4.4.1 Growing government investment in hydrogen plants to benefit market 109
TABLE 66 AUSTRALIA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 109
8.3.4.5 South Korea 109
8.3.4.5.1 Increasing deployment of FCEVs to drive market 109
TABLE 67 SOUTH KOREA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 110
8.3.4.6 Rest of Asia Pacific 110
TABLE 68 REST OF ASIA PACIFIC: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 110
8.4 EUROPE 111
8.4.1 EUROPE: RECESSION IMPACT 111
8.4.2 BY SECTOR 111
TABLE 69 EUROPE: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 111
8.4.2.1 By generation type 111
TABLE 70 EUROPE: HYDROGEN MARKET, BY GENERATION TYPE, 2021–2030 (USD MILLION) 111
8.4.2.2 By transportation 112
TABLE 71 EUROPE: HYDROGEN MARKET, BY TRANSPORTATION, 2021–2030 (USD MILLION) 112
8.4.3 BY APPLICATION 112
TABLE 72 EUROPE: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 112
8.4.4 BY COUNTRY 112
TABLE 73 EUROPE: HYDROGEN MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 112
8.4.4.1 Germany 113
8.4.4.1.1 Growing adoption of fuel cell electric vehicles to augment market size 113
TABLE 74 GERMANY: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 113
8.4.4.2 France 113
8.4.4.2.1 Rising investments in renewable energy generation to benefit market 113
TABLE 75 FRANCE: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 114
8.4.4.3 UK 114
8.4.4.3.1 Increasing focus on reducing natural gas imports to drive market 114
TABLE 76 UK: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 114
8.4.4.4 Russia 115
8.4.4.4.1 Stringent government regulations to increase use of cleaner fuels to boost demand 115
TABLE 77 RUSSIA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 115
8.4.4.5 Rest of Europe 115
TABLE 78 REST OF EUROPE: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 116
8.5 MIDDLE EAST & AFRICA 116
8.5.1 MIDDLE EAST & AFRICA: RECESSION IMPACT 116
8.5.2 BY SECTOR 116
TABLE 79 MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 116
8.5.2.1 By generation type 117
TABLE 80 MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY GENERATION TYPE, 2021–2030 (USD MILLION) 117
8.5.2.2 By transportation 117
TABLE 81 MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY TRANSPORTATION, 2021–2030 (USD MILLION) 117
8.5.3 BY APPLICATION 117
TABLE 82 MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 117
8.5.4 BY COUNTRY 118
TABLE 83 MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 118
8.5.4.1 Saudi Arabia 118
8.5.4.1.1 Rising demand for low sulfur fuel in transportation to drive market 118
TABLE 84 SAUDI ARABIA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 118
8.5.4.2 UAE 119
8.5.4.2.1 Increasing use of hydrogen fuel for electricity generation to benefit market 119
TABLE 85 UAE: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 119
8.5.4.3 South Africa 119
8.5.4.3.1 Growing use of hydrogen in mining industry to boost market 119
TABLE 86 SOUTH AFRICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 120
8.5.4.4 Rest of Middle East & Africa 120
TABLE 87 REST OF MIDDLE EAST & AFRICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 120
8.6 SOUTH AMERICA 120
8.6.1 SOUTH AMERICA: RECESSION IMPACT 121
8.6.2 BY SECTOR 121
TABLE 88 SOUTH AMERICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 121
8.6.2.1 By generation type 121
TABLE 89 SOUTH AMERICA: HYDROGEN MARKET, BY GENERATION TYPE, 2021–2030 (USD MILLION) 121
8.6.2.2 By transportation 121
TABLE 90 SOUTH AMERICA: HYDROGEN MARKET, BY TRANSPORTATION, 2021–2030 (USD MILLION) 121
8.6.3 BY APPLICATION 122
TABLE 91 SOUTH AMERICA: HYDROGEN MARKET, BY APPLICATION, 2021–2030 (USD MILLION) 122
8.6.4 BY COUNTRY 122
TABLE 92 SOUTH AMERICA: HYDROGEN MARKET, BY COUNTRY, 2021–2030 (USD MILLION) 122
8.6.4.1 Brazil 122
8.6.4.1.1 Rising demand for clean hydrogen in transportation sector to benefit market 122
TABLE 93 BRAZIL: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 123
8.6.4.2 Argentina 123
8.6.4.2.1 Increasing oil refining activities to drive market 123
TABLE 94 ARGENTINA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 123
8.6.4.3 Rest of South America 124
TABLE 95 REST OF SOUTH AMERICA: HYDROGEN MARKET, BY SECTOR, 2021–2030 (USD MILLION) 124
9 COMPETITIVE LANDSCAPE 125
9.1 OVERVIEW 125
FIGURE 37 KEY DEVELOPMENTS IN HYDROGEN MARKET, 2018–2023 125
9.2 MARKET SHARE ANALYSIS, 2022 126
FIGURE 38 MARKET SHARE ANALYSIS, 2022 126
9.3 MARKET EVALUATION FRAMEWORK, 2018–2023 126
TABLE 96 STRATEGIES ADOPTED BY KEY PLAYERS, 2018–2023 126
9.4 FIVE-YEAR REVENUE ANALYSIS OF TOP COMPANIES, 2018–2022 127
FIGURE 39 SEGMENTAL REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022 127
9.5 COMPETITIVE SCENARIOS AND TRENDS 128
9.5.1 DEALS 128
TABLE 97 HYDROGEN MARKET: DEALS, 2018–2023 128
9.5.2 OTHERS 129
TABLE 98 HYDROGEN MARKET: OTHERS, 2022 129
9.6 HYDROGEN GENERATION MARKET: COMPANY EVALUATION MATRIX, 2022 130
9.6.1 STARS 130
9.6.2 EMERGING LEADERS 130
9.6.3 PERVASIVE PLAYERS 130
9.6.4 PARTICIPANTS 130
FIGURE 40 KEY COMPANY EVALUATION MATRIX, 2022 131
TABLE 99 COMPANY FOOTPRINT, BY GENERATION TYPE 131
9.7 HYDROGEN STORAGE MARKET: COMPANY EVALUATION MATRIX, 2022 132
9.7.1 STARS 132
9.7.2 EMERGING LEADERS 132
9.7.3 PERVASIVE PLAYERS 132
9.7.4 PARTICIPANTS 132
FIGURE 41 HYDROGEN STORAGE MARKET: KEY COMPANY EVALUATION MATRIX, 2022 133
TABLE 100 COMPANY FOOTPRINT, BY STORAGE 133
9.8 HYDROGEN TRANSPORTATION TANK: COMPANY EVALUATION MATRIX, 2022 134
9.8.1 STARS 134
9.8.2 EMERGING LEADERS 134
9.8.3 PERVASIVE PLAYERS 134
9.8.4 PARTICIPANTS 134
FIGURE 42 HYDROGEN MARKET: KEY COMPANY EVALUATION MATRIX, 2022 135
TABLE 101 COMPANY FOOTPRINT, BY TRANSPORTATION 135
TABLE 102 COMPANY FOOTPRINT, BY APPLICATION 136
TABLE 103 COMPANY FOOTPRINT, BY REGION 137
10 COMPANY PROFILES 138
10.1 HYDROGEN PRODUCERS 138
(Business overview, Products/Solutions/Services offered, Recent developments, Deals, MnM view, Key strengths/Right to win, Strategic choices, and Weaknesses and competitive threats)*
10.1.1 LINDE PLC 138
TABLE 104 LINDE PLC: COMPANY OVERVIEW 138
FIGURE 43 LINDE PLC: COMPANY SNAPSHOT 139
TABLE 105 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 139
TABLE 106 LINDE PLC: DEALS 140
TABLE 107 LINDE PLC: OTHERS 141
10.1.2 SHELL PLC 142
TABLE 108 SHELL PLC: COMPANY OVERVIEW 142
FIGURE 44 SHELL PLC: COMPANY SNAPSHOT 143
TABLE 109 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 143
TABLE 110 SHELL PLC: PRODUCT LAUNCHES 144
TABLE 111 SHELL PLC: DEALS 144
TABLE 112 SHELL PLC: OTHERS 144
10.1.3 AIR PRODUCTS AND CHEMICALS, INC. 145
TABLE 113 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW 145
FIGURE 45 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT 146
TABLE 114 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 146
TABLE 115 AIR PRODUCTS AND CHEMICALS, INC.: DEALS 147
TABLE 116 AIR PRODUCTS AND CHEMICALS, INC.: OTHERS 149
10.1.4 CHEVRON CORPORATION 150
TABLE 117 CHEVRON CORPORATION: COMPANY OVERVIEW 150
FIGURE 46 CHEVRON CORPORATION: COMPANY SNAPSHOT 151
TABLE 118 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 151
TABLE 119 CHEVRON CORPORATION: DEALS 152
10.1.5 AIR LIQUIDE 153
TABLE 120 AIR LIQUIDE: COMPANY OVERVIEW 153
FIGURE 47 AIR LIQUIDE: COMPANY SNAPSHOT 154
TABLE 121 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 154
TABLE 122 AIR LIQUIDE: PRODUCT LAUNCHES 155
TABLE 123 AIR LIQUIDE: DEALS 155
10.1.6 SAUDI ARABIAN OIL CO. 157
TABLE 124 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW 157
FIGURE 48 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT 158
TABLE 125 SAUDI ARABIAN OIL CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
10.1.7 UNIPER SE 159
TABLE 126 UNIPER SE: COMPANY OVERVIEW 159
FIGURE 49 UNIPER SE: COMPANY SNAPSHOT 160
TABLE 127 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 160
10.2 HYDROGEN STORAGE PROVIDERS 161
10.2.1 WORTHINGTON INDUSTRIES INC. 161
TABLE 128 WORTHINGTON INDUSTRIES INC.: COMPANY OVERVIEW 161
FIGURE 50 WORTHINGTON INDUSTRIES INC.: COMPANY SNAPSHOT 162
TABLE 129 WORTHINGTON INDUSTRIES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
TABLE 130 WORTHINGTON INDUSTRIES: PRODUCT LAUNCHES 163
TABLE 131 WORTHINGTON INDUSTRIES: DEALS 163
TABLE 132 WORTHINGTON INDUSTRIES: OTHERS 164
10.2.2 INOX INDIA LIMITED 165
TABLE 133 INOX INDIA LIMITED: COMPANY OVERVIEW 165
TABLE 134 INOX INDIA LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 165
10.2.3 CRYOLOR 167
TABLE 135 CRYOLOR: COMPANY OVERVIEW 167
TABLE 136 CRYOLOR: PRODUCTS/SOLUTIONS/SERVICES OFFERED 167
10.2.4 PRAGMA INDUSTRIES 168
TABLE 137 PRAGMA INDUSTRIES: COMPANY OVERVIEW 168
TABLE 138 PRAGMA INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 168
10.2.5 BNH GAS TANKS 169
TABLE 139 BNH GAS TANKS: COMPANY OVERVIEW 169
TABLE 140 BNH GAS TANKS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
10.3 OTHER HYDROGEN STORAGE PLAYERS 170
10.3.1 OXYGEN SERVICE COMPANY, INC.(OSC) 170
10.4 HYDROGEN TRANSPORTATION TANK PROVIDERS 171
10.4.1 BAYOTECH 171
TABLE 141 BAYOTECH: COMPANY OVERVIEW 171
TABLE 142 BAYOTECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 171
10.4.2 HEXAGON PURUS 172
TABLE 143 HEXAGON PURUS: COMPANY OVERVIEW 172
FIGURE 51 HEXAGON PURUS: COMPANY SNAPSHOT 172
TABLE 144 HEXAGON PURUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 173
TABLE 145 HEXAGON PURUS: DEALS 173
TABLE 146 HEXAGON PURUS: OTHERS 174
10.4.3 NPROXX 175
TABLE 147 NPROXX: COMPANY OVERVIEW 175
TABLE 148 NPROXX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 175
TABLE 149 NPROXX: PRODUCT LAUNCHES 175
TABLE 150 NPROXX: DEALS 176
10.4.4 LUXFER GAS CYLINDERS 178
TABLE 151 LUXFER GAS CYLINDERS: COMPANY OVERVIEW 178
TABLE 152 LUXFER GAS CYLINDERS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
TABLE 153 LUXFER GAS CYLINDERS: DEALS 178
10.4.5 CHART INDUSTRIES 180
TABLE 154 CHART INDUSTRIES: COMPANY OVERVIEW 180
TABLE 155 CHART INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
10.4.6 QUANTUM FUEL SYSTEMS LLC. 181
TABLE 156 QUANTUM FUEL SYSTEMS LLC.: COMPANY OVERVIEW 181
TABLE 157 QUANTUM FUEL SYSTEMS LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 158 QUANTUM FUEL SYSTEMS LLC.: DEALS 181
10.5 OTHER HYDROGEN TRANSPORTATION TANK PLAYERS 183
10.5.1 AMS COMPOSITE CYLINDERS 183
10.5.2 WELDSHIP CORPORATION 183
*Details on Business overview, Products/Solutions/Services offered, Recent developments, Deals, MnM view, Key strengths/Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
11 APPENDIX 184
11.1 INSIGHTS FROM INDUSTRY EXPERTS 184
11.2 DISCUSSION GUIDE 185
11.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 188
11.4 CUSTOMIZATION OPTIONS 190
11.5 RELATED REPORTS 190
11.6 AUTHOR DETAILS 191
世界の水素市場（～2030年）：セクター別（発電（グレー、ブルー、グリーン）、貯蔵（物理、物質）、輸送（長期、短期））、用途別（エネルギー（電力、CHP）、モビリティ、化学＆精製所（精製所、アンモニア、メタノール））、 地域別 |
| 【英語タイトル】Hydrogen Market by Sector (Generation Type (Gray, Blue, Green), Storage (Physical, Material), Transportation (Long, Short)), Application (Energy (Power, CHP), Mobility, Chemical & Refinery (Refinery, Ammonia, Methanol)), Region - Global Forecast to 2030 | |
 | ・商品コード：EP8738-23 ・発行会社（調査会社）：MarketsandMarkets ・発行日：2023年7月26日 ・ページ数：186 ・レポート言語：英語 ・レポート形式：PDF ・納品方法：Eメール（受注後24時間以内） ・調査対象地域：グローバル ・産業分野：エネルギー＆電力 |
| Single User（1名様閲覧） | USD4,950 ⇒換算￥752,400 | 見積依頼/購入/質問フォーム |
| Multi User (Five User) | USD6,650 ⇒換算￥1,010,800 | 見積依頼/購入/質問フォーム |
| Corporate License (全社内共有可) | USD8,150 ⇒換算￥1,238,800 | 見積依頼/購入/質問フォーム |
|
※販売価格オプションの説明 ※お支払金額：換算金額（日本円）＋消費税 ※納期：即日〜2営業日（3日以上かかる場合は別途表記又はご連絡） ※お支払方法：納品日＋5日以内に請求書を発行・送付（請求書発行日より2ヶ月以内に銀行振込、振込先：三菱UFJ銀行/H&Iグローバルリサーチ株式会社、支払期限と方法は調整可能） |
| "世界の水素市場は、2023年の2,427億米ドルから2030年には4,106億米ドルに成長すると推定され、予測期間中の年平均成長率は7.8%を記録する見込み。各国政府は、水素技術の採用を促進するために、有利な規制を制定し、財政的インセンティブを提供しています。これらのプログラムには、研究開発への資金援助、水素製造やインフラ整備への補助金、さまざまな産業での水素利用を奨励する法律などが含まれます。こうした取り組みが水素市場の成長に寄与しています。 "灰色水素：水素市場の分野別発電タイプで最大のセグメント" 分野別に見ると、水素市場は発電タイプ、貯蔵タイプ、輸送タイプの3つのセグメントに分かれています。これらのセグメントはサブセグメントに二分されます。生成タイプ別では、灰色水素、青色水素、緑色水素があります。青色水素は、灰色水素に次いで2番目に大きなセグメントになると予想されます。国や企業が二酸化炭素排出量の削減を目指す中、青色水素は、より持続可能なエネルギー源に移行しつつ、現在の天然ガスインフラの使用を継続できる橋渡しソリューションを提供します。 "セクター別貯蔵量に基づく予測期間中、物理的貯蔵セグメントが最も急成長する見込み" 貯蔵分野別に見ると、水素市場は物理的貯蔵と材料ベースの貯蔵に二分されます。石油精製所におけるクリーン燃料に対する厳しい規制や、肥料、化学、鉄鋼業界における水素需要の高まりにより、気体水素貯蔵タンクの需要が増加しているため、予測期間中、物理的貯蔵分野が水素市場をリードすると予想されます。物理的水素貯蔵は、輸送、化学、石油精製、その他の最終用途産業で広く使用されています。韓国、日本、米国、フランス、中国は、自動車・輸送産業における代替燃料のロードマップを発表しました。これを支えているのは、FCEVの増加と、タンカーやチューブトレーラーで水素を輸送するための複合水素貯蔵タンクです。 "用途別では、化学・精製セグメントが予測期間中最大のセグメントになる見込み" 用途に基づき、水素市場はエネルギー、モビリティ、化学・精製、その他に区分されます。化学・精製分野は、肥料産業からの需要増加により、予測期間中、水素市場の最大セグメントとなる見込みです。また、化学産業における水素経済の台頭は、欧州や各国レベルでの政策立案者のイニシアティブによって支えられており、2030年までに4,300億ユーロの投資が必要と推定されています。北米では、メタノール生産量の大幅な増加が見込まれています。北米の企業は、メタンとアンモニアの生産を強化するために戦略的関係を結んでいます。例えば、CFインダストリーズ・ホールディングスは、インシテック・ピボット・リミテッドからワガマンのアンモニア生産施設を買収しました。 "アジア太平洋：水素市場で第2位" アジア太平洋地域は、2023～2030年の水素市場において、欧州、北米に次いで第2位の市場シェアを獲得する見通しです。 アジア太平洋地域は、温室効果ガス排出量削減の政府目標を達成するため、グリーン技術導入の主要市場の一つです。日本の燃料電池マイクロCHP製品の商業展開により、日本と韓国は2009年以降、燃料電池導入に大きく投資しています。過去5年間、エネルギー分野への投資は大幅に増加しており、水素発電市場にも恩恵があると思われます。中国とインドは世界で最も人口の多い国であり、農業事業は引き続き経済において重要な役割を果たしています。 プライマリーの内訳 重要な定性的・定量的情報を入手・検証し、将来の市場見通しを評価するため、様々な主要業界関係者、主題専門家、主要市場プレイヤーのCレベル幹部、業界コンサルタントなどの専門家に詳細なインタビューを実施しました。 一次インタビューの分布は以下の通りです： 企業タイプ別：ティア1 55%、ティア2 25%、ティア3 20% 役職別：C-レベル35%、ディレクタークラス30%、その他35% 地域別：北米25％、欧州35％、アジア太平洋25％、南米10％、中東・アフリカ5% 注：その他には、セールスマネージャー、エンジニア、地域マネージャーを含む 注：企業の階層は、2022年時点の総収入に基づいて定義される。ティア1：10億米ドル超、ティア2：5億米ドルから10億米ドル、ティア3：5億米ドル未満 水素市場は、幅広い地域で事業を展開する少数の大手企業によって支配されています。水素市場の主要プレーヤーは、Linde plc (Ireland), Air products and Chemicals, Inc. (US), Air Liquide (France), Worthington Industries (US), Cryolor (France), Hexagon Purus (Norway), and NPROXX (Netherlands)などがあります。各社が採用している主な戦略には、新製品の発売、契約・協定、投資・拡張などがあります。 調査範囲 この調査レポートは、世界の水素市場を分野別、用途別、地域別に定義、記述、予測しています。また、市場の詳細な質的・量的分析も行っています。主要な市場促進要因、阻害要因、機会、課題を包括的にレビューしています。また、市場の様々な重要な側面もカバーしています。競争環境、市場ダイナミクス、金額ベースの市場予測、水素市場の将来動向などの分析が含まれます。 レポート購入の主な利点 -温室効果ガス排出に関する規制の増加が水素市場を牽引する主な要因である。さらに、政府による水素燃料ステーションの設置に向けた取り組みの増加や、水素市場における2050年までのネット・ゼロ・エミッション目標達成に向けた政府の関心が高い。グリーン水素の製造コストが高いことは、水素市場において各国が直面している大きな課題である。 -製品開発/イノベーション：水素市場は、産業界からの水素需要の増加を背景に、大幅な製品開発と技術革新が行われている。各企業は、産業界特有の要件に合わせて特別に設計された先進的な水素製造技術の開発に投資している。 -市場開発 ：リンデは、有名な特殊化学品会社であるエボニックと、グリーン水素を供給するための長期契約を締結。リンデは、この協定に基づき、シンガポールのジュロン島に9メガワットのアルカリ電解槽施設を建設、所有、運営。このプラントの主な生産物はグリーン水素で、エボニックはこれを動物飼料の必須要素であるメチオニンの合成に使用したいと考えている。 -市場の多様化：エアープロダクツ＆ケミカルズは、エドモントン国際空港がアルバータ州で初めて導入する水素燃料電池乗用車の水素および技術プロバイダーに選ばれたと発表。エアープロダクツは、同空港に移動式水素補給装置を配備し、トヨタ・ミライの水素燃料電池車に水素を供給。 -競合評価：Linde plc (Ireland), Air products and Chemicals, Inc. (US), Air Liquide (France), Worthington Industries (US), Cryolor (France), Hexagon Purus (Norway), and NPROXX (Netherlands)など、主要企業の市場シェア、成長戦略、サービス内容を詳細に評価。 |
1. はじめに
2. 調査方法
3. エグゼクティブサマリー
4. プレミアムインサイト
5. 市場概要
6. 水素市場：セクター別
7. 水素市場：用途別
8. 水素市場：地域別
9. 競争状況
10. 企業情報
11. 付録
❖ レポートの目次 ❖
| ★調査レポート[世界の水素市場（～2030年）：セクター別（発電（グレー、ブルー、グリーン）、貯蔵（物理、物質）、輸送（長期、短期））、用途別（エネルギー（電力、CHP）、モビリティ、化学＆精製所（精製所、アンモニア、メタノール））、 地域別] (コード：EP8738-23)販売に関する免責事項を必ずご確認ください。 |
| ★調査レポート[世界の水素市場（～2030年）：セクター別（発電（グレー、ブルー、グリーン）、貯蔵（物理、物質）、輸送（長期、短期））、用途別（エネルギー（電力、CHP）、モビリティ、化学＆精製所（精製所、アンモニア、メタノール））、 地域別]についてメールでお問い合わせ |
