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Hydrogen Market Size, Share, Growth And Industry Forecast To 2032
Hydrogen Market Report
The Business Research Company's Hydrogen Global Market Report 2023 identifies an indispensable for the cultivation and preservation of cells and tissues as the major driver for the hydrogen market's growth in the forecast period. Industrial gases such as hydrogen are being prepared for clinical use in pharmaceutical-based products.
The global hydrogen market size will grow from $13.57 billion in 2022 to $15.96 billion in 2023 at a compound annual growth rate (CAGR) of 17.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global hydrogen market size is expected to grow from $29.54 billion in 2027 at a CAGR of 16.6%.
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Major competitors in the hydrogen market are Praxair, Inc., Air Liquide S.A, Air Products and Chemicals, Inc., INOX Air Products Ltd., Iwatani Corporation, Hydrogenics Corporation, Linde AG, Messer Group GmbH, Nuvera Fuel Cells, and Taiyo Nippon Sanso Corporation.
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The hydrogen market is segmented -
•By Mode of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders
•By Application: Chemical, Refinery, Metal processing, Other Applications
•By End User: Chemicals, Aerospace and Automotive, Energy, Refining, Glass, Welding and Metal Fabrication, Other End Users
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the hydrogen market.
The Business Research Company's "Global Hydrogen Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydrogen Market Include:
1. Executive Summary
2. Hydrogen Market Characteristics
3. Hydrogen Market Trends And Strategies
4. Hydrogen Market - Macro Economic Scenario
5. Hydrogen Market Size And Growth
……
26. Africa Hydrogen Market
27. Hydrogen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrogen Market
29. Hydrogen Market Future Outlook and Potential Analysis
30. Appendix
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