Global Hydrogen Market Insights & Forecast Report 2022: Market is Expected to Record a Value of $194.8 billion in 2026

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May 25, 2022, 09:15 ET

DUBLIN, May 25, 2022 /PRNewswire/ -- The "Global Hydrogen Market (by Production Process, Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.

The global hydrogen market is expected to record a value of US$194.8 billion in 2026, progressing at a CAGR of 6.09%, over the period 2022-2026

The market experienced growth accruing to several factors such as rising consumption of agricultural fertilizers, escalating demand in metallurgical industries, mounting concerns regarding carbon emissions worldwide, surging demand for electricity generation and upswing in margarine demand.

However, the market growth would be challenged by high cost of hydrogen production & transportation, storage of hydrogen and health effects of hydrogen.

A few notable trends may include expanding demand from oil refineries, rapid expansion of aerospace industry, surging production of hydrogen fuel cell electric vehicles, growing demand of hydrochloric acid and upsurge in pharmaceutical industry.

The global hydrogen market is categorized on the basis of production process and application. According to production process, the market can be split into natural gas steam reforming, coal gasification, oil partial oxidation and water electrolysis.

The global hydrogen market can be bifurcated into ammonia production, petroleum refinery, methanol production, transportation, power generation and others, in term of application

The fastest growing regional market is Asia Pacific owing to increasing consumption of agricultural fertilizers on account of growing population, rising number of petrochemical complexes and refineries in the region, upsurge in pharmaceutical industry, expansion in China's aerospace industry and surging investments by government for the development of hydrogen plants.

The company profiles of leading players (Linde PLC, Air Liquide S.A., Air Products and Chemicals, Inc., Taiyo Nippon Sanso Corporation, Messer Group GmbH and Nel ASA) are also presented in detail.

Key Target Audience

Hydrogen Manufacturers
Energy Sector
End Users (Automobile Industry, Oil and Gas Industry, Steel Industry, etc.)
Consulting and Advisory Firms
Investment Banks
Government Bodies & Regulating Authorities

Key Topics Covered:

1. Market Overview
1.1 Introduction
1.2 Properties of Hydrogen
1.3 Major Types of Hydrogen
1.4 Sources of Hydrogen
1.5 Storage of Hydrogen
1.6 Production Process of Hydrogen
1.7 Application of Hydrogen

2. Impact of COVID-19
2.1 Decline in Electricity Demand
2.2 Decreased Demand from Automotive Industry
2.3 Reduction in Semiconductor Market Revenue

3. Global Market Analysis
3.1 Global Hydrogen Market by Value
3.2 Global Hydrogen Market Forecast by Value
3.3 Global Hydrogen Market by Production Process
3.3.1 Global Natural Gas Steam Reforming Hydrogen Market by Value
3.3.2 Global Natural Gas Steam Reforming Hydrogen Market Forecast by Value
3.3.3 Global Coal Gasification Hydrogen Market by Value
3.3.4 Global Coal Gasification Hydrogen Market Forecast by Value
3.3.5 Global Oil Partial Oxidation Hydrogen Market by Value
3.3.6 Global Oil Partial Oxidation Hydrogen Market Forecast by Value
3.3.7 Global Water Electrolysis Hydrogen Market by Value
3.3.8 Global Water Electrolysis Hydrogen Market Forecast by Value
3.4 Global Hydrogen Market by Application
3.4.1 Global Ammonia Production Hydrogen Market by Value
3.4.2 Global Ammonia Production Hydrogen Market Forecast by Value
3.4.3 Global Petroleum Refinery Hydrogen Market by Value
3.4.4 Global Petroleum Refinery Hydrogen Market Forecast by Value
3.4.5 Global Methanol Production Hydrogen Market by Value
3.4.6 Global Methanol Production Hydrogen Market Forecast by Value
3.4.7 Global Transportation Hydrogen Market by Value
3.4.8 Global Transportation Hydrogen Market Forecast by Value
3.4.9 Global Power Generation Hydrogen Market by Value
3.4.10 Global Power Generation Hydrogen Market Forecast by Value
3.5 Global Hydrogen Market by Region
3.6 Global Hydrogen Demand by Volume
3.7 Global Hydrogen Demand Forecast by Volume
3.8 Global Hydrogen Demand by Type
3.8.1 Global Pure Hydrogen Demand by Volume
3.8.2 Global Pure Hydrogen Demand Forecast by Volume
3.8.3 Global Pure Hydrogen Demand Volume by Application
3.8.4 Global Pure Hydrogen Demand Volume Forecast by Application
3.8.5 Global Mixed Hydrogen Demand by Volume
3.8.6 Global Mixed Hydrogen Demand Forecast by Volume
3.8.7 Global Mixed Hydrogen Demand Volume by Application
3.8.8 Global Mixed Hydrogen Demand Volume Forecast by Application
3.9 Global Hydrogen Production by Volume
3.10 Global Hydrogen Production Forecast by Volume
3.11 Global Hydrogen Production Volume by Generation System
3.11.1 Global Captive Hydrogen Production Forecast by Volume
3.11.2 Global Merchant Hydrogen Production Forecast by Volume
3.12 Global Hydrogen Production Volume by Region

4. Regional Market Analysis
4.1 Asia Pacific
4.1.1 Asia Pacific Hydrogen Market Forecast by Value
4.1.2 Asia Pacific Hydrogen Production Forecast by Volume
4.2 Europe
4.3 North America
4.4 Middle East & Africa
4.5 Central & South America

5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Consumption of Agricultural Fertilizer
5.1.2 Escalating Demand in Metallurgical Industries
5.1.3 Mounting Concerns Regarding Carbon Emissions Worldwide
5.1.4 Surging Demand for Electricity Generation
5.1.5 Upswing in Margarine Demand
5.1.6 Expanding Production Capacity of Methanol
5.1.7 Increasing Demand from Electronic Applications
5.2 Key Trends & Developments
5.2.1 Expanding Demand from Oil Refineries
5.2.2 Rapid Expansion of Aerospace Industry
5.2.3 Surging Production of Hydrogen Fuel Cell Electric Vehicles
5.2.4 Upsurge in Pharmaceutical Industry
5.2.5 Growing Demand for Hydrochloric Acid
5.2.6 Increasing Hydrogen Demand
5.3 Challenges
5.3.1 High Cost of Hydrogen Production & Transportation
5.3.2 Storage of Hydrogen
5.3.3 Health Effects of Hydrogen

6. Company Profiles
6.1 Linde PLC
6.2 Air Liquide S.A.
6.3 Air Products and Chemicals, Inc.
6.4 Taiyo Nippon Sanso Corporation
6.5 Messer Group GmbH
6.6 Nel ASA