Global Hydrogen Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)

Scope of the Report

The report titled “Global Hydrogen Market: Size & Forecast with Impact Analysis of COVID-19 (2020-2024)”, provides an in depth analysis of the global hydrogen market by value, by demand, by technology, by application, by region, etc. The report provides a regional analysis of the hydrogen market, including the following regions: Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. The report also provides a detailed analysis of the COVID-19 impact on the hydrogen market.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global hydrogen market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global hydrogen market is dominated with few major market players operating worldwide. The key players of the hydrogen market are Air Liquide S.A., Air Products and Chemicals, Inc., Linde plc, and Iwatani Corporation are also profiled with their financial information and respective business strategies.

Country Coverage

Asia Pacific
Europe
North America
Middle East & Africa
Latin America

Company Coverage

Air Liquide S.A.
Air Products and Chemicals, Inc.
Linde plc
Iwatani Corporation

Executive Summary

Hydrogen can be used in a wide range of industries. The largest source of demand for hydrogen is the refining sector. Hydrogen is also used in the chemical industry to make ammonia. Hydrogen is also used for methanol and steel production. In the years to come, hydrogen is predicted to have several other applications.

On the basis of color, hydrogen can be categorized into four different groups. These are as follows: Grey Hydrogen, Blue Hydrogen, Brown Hydrogen, and Green Hydrogen. There are mainly three methods of hydrogen production, which are Steam Methane Reforming (SMR), Coal Gasification, and Electrolysis.

Hydrogen can be used in various applications, including road transport, maritime and air transport, buildings, power generation and storage, chemicals, oil refineries and biofuels, iron and steel, and electricity storage. The hydrogen market can be segmented on the basis of technology and application.

The global hydrogen market has increased significantly during the years 2018-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024 tremendously. The hydrogen market is expected to increase due to escalating demand from steel industry, rise in aviation industry, rising demand to decarbonize energy end-use, favorable government regulations, increasing demand from chemical industry, etc. Yet, the market faces some challenges such as safety concerns of hydrogen, lack of hydrogen infrastructure, etc.

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Figure 1: Physical and Chemical Characteristics of Hydrogen
Figure 2: Colors of Hydrogen
Figure 3: Methods of Hydrogen Production
Figure 4: Applications for Hydrogen
Figure 5: Hydrogen Segmentation by Technology
Figure 6: Hydrogen Segmentation by Application
Figure 7: Global Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 8: Global Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 9: Global Hydrogen Market by Technology; 2019 (Percentage, %)
Figure 10: Global Hydrogen Market by Region; 2019 (Percentage, %)
Figure 11: Global Hydrogen Market by Demand; 2018-2019 (Million Tonnes)
Figure 12: Global Hydrogen Market by Demand; 2020-2024 (Million Tonnes)
Figure 13: Global Hydrogen Market Demand by Application; 2019 (Percentage, %)
Figure 14: Global Steam Methane Reforming (SMR) Hydrogen (Grey) Market by Value; 2019-2024 (US$ Billion)
Figure 15: Global Steam Methane Reforming (SMR) Hydrogen with CCS (Blue) Market by Value; 2019-2024 (US$ Billion)
Figure 16: Global Coal Gasification Hydrogen (Brown) Market by Value; 2019-2024 (US$ Billion)
Figure 17: Global Coal Gasification with Hydrogen with CCS Market by Value; 2019-2024 (US$ Billion)
Figure 18: Global Electrolysis Hydrogen (Green) Market by Value; 2019-2024 (US$ Billion)
Figure 19: Global Hydrogen Refining Market by Demand; 2019-2024 (Million Tonnes)
Figure 20: Global Hydrogen Ammonia Market by Demand; 2019-2024 (Million Tonnes)
Figure 21: Global Hydrogen Methanol Market by Demand; 2019-2024 (Million Tonnes)
Figure 22: Global Hydrogen Direct Reduction of Iron Market by Demand; 2019-2024 (Million Tonnes)
Figure 23: Global Others Hydrogen Market by Demand; 2019-2024 (Million Tonnes)
Figure 24: Asia Pacific Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 25: Asia Pacific Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 26: North America Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 27: North America Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 28: North America Hydrogen Market by Region; 2019 (Percentage, %)
Figure 29: The US Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 30: The US Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 31: The US Hydrogen Market by Technology; 2019 (Percentage, %)
Figure 32: The US Hydrogen Technology Market by Value; 2019-2024 (US$ Billion)
Figure 33: Rest of North America Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 34: Rest of North America Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 35: Europe Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 36: Europe Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 37: Middle East & Africa Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 38: Middle East & Africa Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 39: Latin America Hydrogen Market by Value; 2018-2019 (US$ Billion)
Figure 40: Latin America Hydrogen Market by Value; 2020-2024 (US$ Billion)
Figure 41: Global Hydrogen Demand in the Steel Industry; 2020-2050 (TWh)
Figure 42: Global Estimated Number of FCEVs Sales; 2015-2025 (In Units)
Figure 43: Global Hydrogen Market Players by On-site Hydrogen Sales; 2019 (US$ Billion)
Figure 44: North America Hydrogen Players by Market Share; 2019 (Percentage, %)
Figure 45: Europe Hydrogen Players by Market Share; 2019 (Percentage, %)
Figure 46: Asia Pacific Hydrogen Players by Market Share; 2019 (Percentage, %)
Figure 47: Air Liquide S.A. Revenue; 2015-2019 (US$ Billion)
Figure 48: Air Liquide S.A. Revenue by Segments; 2019 (Percentage, %)
Figure 49: Air Liquide S.A. Gas & Services Revenue by Region; 2019 (Percentage, %)
Figure 50: Air Products and Chemicals, Inc. Sales; 2016-2020 (US$ Billion)
Figure 51: Air Products and Chemicals, Inc. Sales by Segments; 2020 (Percentage, %)
Figure 52: Air Products and Chemicals, Inc. Sales by Region; 2020 (Percentage, %)
Figure 53: Linde plc Sales; 2015-2019 (US$ Billion)
Figure 54: Linde plc Sales by Segments; 2019 (Percentage, %)
Figure 55: Linde plc Sales by Region; 2019 (Percentage, %)
Figure 56: Iwatani Corporation Net Sales; 2016-2020 (US$ Billion)
Figure 57: Iwatani Corporation Net Sales by Segments; 2020 (Percentage, %)
Figure 58: Iwatani Corporation Net Sales by Region; 2020 (Percentage, %)
Table 1: Hydrogen Projects over the Last Decade