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Hydrogen Market Report 2024 - Market Size, Growth Rate, Major Drivers And Key Trends | The Linde Group, Air Liquide, Air Products and Chemicals Inc, Taiyo Nippon Sanso Corporation, Air Water Inc.
Hydrogen Global Market Report 2024
As per the report, the hydrogen market size has grown rapidly in recent years. It will grow from $15.98 billion in 2023 to $18.82 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The hydrogen market size is expected to see rapid growth in the next few years. It will grow to $34.7 billion in 2028 at a compound annual growth rate (CAGR) of 16.5%.
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Rising Demand For High-Grade Industrial Gases In Healthcare Innovations
New developments are taking place in healthcare with an increasing emphasis on a healthier, better quality of life. Industrial gases such as hydrogen are being prepared for clinical use in pharmaceutical-based products. Hospitals such as St. Francis and VA Loma Linda have already installed hydrogen plants for the power generation process. Treatments and drug developments using induced pluripotent stem cells (IPS) will bring new added value to the industry through the application of systems using gases. This is indispensable for the cultivation and preservation of cells and tissues and is driving the demand for high-grade industrial gases.
Hydrogen Production From Sewage In Manufacturing And Transportation
Hydrogen manufacturing companies have started adopting the technology of manufacturing hydrogen from sewage. Hydrogen gas can be manufactured from sewage sludge for use in chemicals, fertilizers, transportation, and manufacturing industries. In this process, the weight of the sewage sludge is reduced by means of dehydration, followed by incineration, melting, composting, and drying. This process can be used to produce hydrogen on a large scale for supply to the manufacturing and transportation industries. Companies such as Fuel Cell Energy and Graforce Hydro are investing in this technology. Los Angeles Fuel Cell Energy Inc. is one of the hydrogen manufacturers that operates the world's largest 'tri-generation plant' that converts sewage into electrical power and renewable hydrogen for transportation fuel.
The hydrogen market covered in this report is segmented -
1) By Mode Of Distribution: Pipeline, High-Pressure Tube Trailers, Cylinders
2) By Application: Chemical, Refinery, Metal Processing, Other Applications
3) By End User: Chemicals, Aerospace And Automotive, Energy, Refining, Glass, Welding And Metal Fabrication, Other End Users
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Major companies operating in the hydrogen market report are The Linde Group, Air Liquide, Air Products and Chemicals Inc, Taiyo Nippon Sanso Corporation, Air Water Inc., Iwatani Corporation, Gulf Cryo, NGK Spark Plug Co, Ltd., Twin Turbines Energy, Showa Denko K.K., Oxair, WIKA Alexander Wiegand SE & Co. KG, Ellenbarie, Praxair Inc, Air Products and Chemicals Market Size, Inc., Natural Hydrogen Energy Ltd., Core Industrial Gases, Uniper, Lind Gas Plc, AMCS Corporation, Hydrogenics, Inox, ZTEK Corporation, Engie, APT spol. S r.o., Grupa Lotos SA, Gdansk-based refiner, Gazprom, SOL Group, Supagas, Bloom Energy Corporation, Shell plc, Chevron Corporation, Eco Energy International, Yingde Gas Group Co., Ltd., Nuvera Fuel Cells, LLC, Plug Power, Rosatom, Messer Group, H2Pro, Masdar, GASAL Q.S.C., Buzwair Holding, Afrox
Contents of the report:
1. Executive Summary
2. Hydrogen Market Report Structure
3. Hydrogen Market Trends And Strategies
4. Hydrogen Market - Macro Economic Scenario
5. Hydrogen Market Size And Growth
…..
27. Hydrogen Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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