Fueling the Future: The Global Hydrogen Market and its Potential for Clean Energy Revolution

Published April 17, 2023

In line with the most recent market research report from Persistence Market Research, the demand for hydrogen is anticipated to increase from 2023 to 2033 at an impressive growth rate of 10.4%.

Persistence Market Research (PMR) recently published a research report on the global hydrogen market. The report provides a detailed assessment of key market dynamics such as drivers, trends, opportunities, and restraints along with detailed information on the hydrogen market structure. This market research report provides exclusive facts and figures on how the hydrogen market is expected to expand during the forecast period.

Key indicators of market growth, such as value chain analysis, compound annual growth rate (CAGR), and year-over-year growth rate (YoY) of the market, are accounted for in PMR’s research in a comprehensive manner. This information can help readers understand the quantitative development prospects for the hydrogen market over the forecast period.

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This study is relevant to stakeholders in the hydrogen market as well as manufacturers, distributors, suppliers and investors. Because it can help you understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers and journalists, as well as business researchers in the hydrogen market can benefit from the information and statistics presented in PMR’s research reports.

The report contains facts and figures pertaining to the macro and macroeconomic factors influencing the growth of the Hydrogen market. This study also provides actionable insights based on future trends in the hydrogen market. Additionally, regional players and new entrants in the hydrogen market can also use the information presented in this report to make business decisions and gain momentum in the market.

Hydrogen Market: Research Methodology

PMR’s research report utilizes a proprietary research methodology to conduct a comprehensive study on the evolution of the hydrogen market and reach conclusions on the future growth factors of the market. In this research methodology, analysts utilize secondary and primary research to ensure the accuracy and reliability of conclusions.

Secondary resources are referenced by analysts during hydrogen market research assessments and consist of facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts provide insightful insights through in-depth interviews with multiple industry professionals, including sales supervisors, sales operations managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers.

Comprehensive information from primary and secondary sources is verified by companies operating in the market to make PMR’s forecasts on the hydrogen market’s growth prospects more accurate and reliable.

Competitive Landscape

Hydrogen Market has evolved into one of the most critical aspects influencing how well organisations operate in this area. The company that makes Hydrogen, Carbon Monoxide, or Syngas, Linde HyCO, was acquired by Matheson Tri-Gas, Inc.

  • The Linde Group
  • Air Liquide S.A.
  • Air Products and Chemicals, Inc.
  • Iwatani Corporation
  • Showa Denko K.K.
  • Teledyne Technologies Inc.
  • Messer Group GmbH
  • Hydrogenics Corp.
  • Nel ASA
  • Southern Industrial Gas Sdn Bhd
  • Hy.Gear B.V.
  • Xebec Adsorption Inc.
  • Ellenbarrie Industrial Gases Ltd
  • CLAIND Srl
  • Bristol Gases – Concorde Corodex Group
  • Taiyo Nippon Sanso Corporation
  • Yateem Oxygen
  • Nuvera Fuel Cells, LLC
  • Gulf Cryo Holding C.S.C

Hydrogen Market Segmentation

By Production Method:

  • Methane Reforming
  • Oxidation of Oil
  • Coal Gasification
  • Electrolysis
  • Others

By End Use:

  • Power Generation
  • Petroleum Refinery
  • Metal Processing
  • Automotive Fuel
  • Chemical
    • Ammonia
    • Methanol
    • Resin
    • Polymer
  • Glass Industry
  • Edible Fats & Oils
  • Others

By Delivery mode:

  • Centralized Production
    • Pipelines
    • Trucks
    • Cylinders
  • Distributed Production
    • Captive Storage

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductors and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

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