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Global Hydrogen Market to 2027 – by Technology, Application, Delivery Mode and Region – ResearchAndMarkets.com

Written by corres2

DUBLIN–()–The “Global Hydrogen Market, By Technology, By Application, By Delivery Mode, By Region, Estimation & Forecast, 2017 – 2027” report has been added to ResearchAndMarkets.com’s offering.

The global hydrogen market was valued at USD 187,517.3 Million in 2020 and is forecasted to reach USD 286,789.2 Million by the year 2027. The market is expected to witness a CAGR of 6.6% during the forecast period. The market is estimated to reach a market volume of about 99,863.7 tons in 2027.

The market is anticipated to grow owing to the rise in the iron, steel, ammonia, and other value chemicals production where hydrogen plays a prime role. Furthermore, increase in the steam methane reforming (SMR) coupled with rising demand for green & clean fuel are also expected to boost the market growth.

Despite these driving factors, the stringent procurement policies by government and high cost associated with hydrogen production are expected to restrain the market growth. Supply chain disruptions and lockdowns hampered the market during the COVID-19 pandemic.

Growth Influencers:

Steam methane reforming is a process wherein methane from natural gas is heated with steam and usually with a catalyst for producing a mixture of hydrogen and carbon monoxide in organic synthesis and as a fuel. The process is widely used for production of hydrogen. According to Forbes, as of June 2020, around 95% of the world’s hydrogen is generated using steam methane reforming process. Therefore, rise in the steam methane reforming process is anticipated to boost the market growth during the forecast period.

Competitive Landscape:

Key players operating in the global hydrogen market include Air Liquide International S.A., Air Products and Chemicals, Inc., Aquahydrex, Atawey, Claind, Cummins, Ergousp, Fuel Cell Energy, Green Hydrogen Systems, Heliogen, Hydrogenics, HyTech Power, Inox, ITM Power, Linde plc, McPhy Energy, Messer Group GmbH, NEL Hydrogen, Plug Power, PowerTap, Showa Denko, Starfire Energy, Taiyo Nippon, Uniper, Weldstar, Inc., Xebec Adsorption Inc., and Other Prominent Players.

The cumulative market share of the nine major players is near about 68%. These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in September 2021, Plug Power announced its plans for building its largest green hydrogen production unit in Fresno County, California. The unit is estimated to produce about 30 metric tons of liquid green hydrogen everyday and serve its customers from San Diego to Vancouver.

Key Questions Answered:

  • What is the market size and forecast of the Global Hydrogen Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Hydrogen Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Hydrogen Market?
  • What is the competitive strategic window for opportunities in the Global Hydrogen Market?
  • What are the technology trends and regulatory frameworks in the Global Hydrogen Market?
  • What is the market share of the leading players in the Global Hydrogen Market?
  • What modes and strategic moves are considered favorable for entering the Global Hydrogen Market?

Key Topics Covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Executive Summary: Hydrogen Market

Chapter 4. Hydrogen Market Overview

Chapter 5. Hydrogen Market Analysis, By Technology

Chapter 6. Hydrogen Market Analysis, By Application

Chapter 7. Hydrogen Market Analysis, By Delivery Mode

Chapter 8. Hydrogen Market Analysis, By Region/ Country

Chapter 9. North America Hydrogen Market Analysis

Chapter 10. Europe Hydrogen Market Analysis

Chapter 11. Asia Pacific Hydrogen Market Analysis

Chapter 12. Rest of the World Hydrogen Market Analysis

Chapter 13. China Hydrogen Market Analysis

Chapter 14. Japan Hydrogen Market Analysis

Chapter 15. South Korea Hydrogen Market Analysis

Chapter 16. France Hydrogen Market Analysis

Chapter 17. Germany Hydrogen Market Analysis

Chapter 18. The UK Hydrogen Market Analysis

Chapter 19. Norway Hydrogen Market Analysis

Chapter 20. The Netherlands Hydrogen Market Analysis

Chapter 21. Canada Hydrogen Market Analysis

Chapter 22. The U.S. Hydrogen Market Analysis

Chapter 23. Company Profile

For more information about this report visit https://www.researchandmarkets.com/r/lvsjgu


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