Industrial Hydrogen Market Anticipates Remarkable Expansion in 2024: Insights and Forecasts

LOS ANGELES, United States: The industrial hydrogen market is witnessing rapid growth, primarily fueled by the global transition toward cleaner energy and decarbonization. Hydrogen is increasingly used in industries such as refining, chemicals, steel production, and ammonia synthesis, but the focus on green hydrogen-produced through renewable energy sources-has gained significant attention. Governments and industries are investing heavily in hydrogen infrastructure to support its role in energy storage, fuel cell technology, and as a carbon-free energy carrier for sectors like transportation and heavy industry. However, challenges such as the high cost of green hydrogen production and the need for large-scale infrastructure development may affect its near-term adoption. Nonetheless, as climate policies tighten, the industrial hydrogen market is expected to grow substantially over the coming decades.

The global Industrial Hydrogen market was valued at US$ 123320 million in 2023 and is anticipated to reach US$ 141380 million by 2030, witnessing a CAGR of 2.0% during the forecast period 2024-2030.

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Global Industrial Hydrogen key players include Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, etc. Global top five manufacturers hold a share over 5%. Asia-Pacific is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 30% percent. In terms of product, Captive Hydrogen is the largest segment, with a share over 80%. And in terms of application, the largest application is Oil Refining, followed by Ammonia Production & Methanol Production.

Key Players Mentioned in the Global Industrial Hydrogen Market Research Report: Linde Group, Air Liquide, Air Products, Air Water, Taiyo Nippon Sanso, Messer Group, Yingde Gases

Players can use the report to gain sound understanding of the growth trend of important segments of the global Industrial Hydrogen market. The report offers separate analysis of product type and application segments of the global Industrial Hydrogen market. Each segment is studied in great detail to provide a clear and thorough analysis of its market growth, future growth potential, growth rate, growth drivers, and other key factors. The segmental analysis offered in the report will help players to discover rewarding growth pockets of the global Industrial Hydrogen market and gain a competitive advantage over their opponents.

Market Segmentation

Global Industrial Hydrogen Market, Segment by Type

Captive Hydrogen

Merchant Hydrogen

Global Industrial Hydrogen Market, Segment by Application

Oil Refining

Ammonia Production

Methanol Production

Steel Production

Others

Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Industrial Hydrogen market considered for research. The report also offers detailed analysis of country-level Industrial Hydrogen markets.

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Table of Content

1 Industrial Hydrogen Market Overview
1.1 Product Definition
1.2 Industrial Hydrogen by Type
1.2.1 Global Industrial Hydrogen Market Value Growth Rate Analysis by Type: 2023 VS 2030
1.2.2 Captive Hydrogen
1.2.3 Merchant Hydrogen
1.3 Industrial Hydrogen by Application
1.3.1 Global Industrial Hydrogen Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Oil Refining
1.3.3 Ammonia Production
1.3.4 Methanol Production
1.3.5 Steel Production
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Industrial Hydrogen Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Industrial Hydrogen Production Estimates and Forecasts (2019-2030)
1.4.4 Global Industrial Hydrogen Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations

2 Market Competition by Manufacturers
2.1 Global Industrial Hydrogen Production Market Share by Manufacturers (2019-2024)
2.2 Global Industrial Hydrogen Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Industrial Hydrogen, Industry Ranking, 2022 VS 2023
2.4 Global Industrial Hydrogen Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Industrial Hydrogen Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Industrial Hydrogen, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Industrial Hydrogen, Product Offered and Application
2.8 Global Key Manufacturers of Industrial Hydrogen, Date of Enter into This Industry
2.9 Industrial Hydrogen Market Competitive Situation and Trends
2.9.1 Industrial Hydrogen Market Concentration Rate
2.9.2 Global 5 and 10 Largest Industrial Hydrogen Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion

3 Industrial Hydrogen Production by Region
3.1 Global Industrial Hydrogen Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Industrial Hydrogen Production Value by Region (2019-2030)
3.2.1 Global Industrial Hydrogen Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Industrial Hydrogen by Region (2025-2030)
3.3 Global Industrial Hydrogen Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Industrial Hydrogen Production by Region (2019-2030)
3.4.1 Global Industrial Hydrogen Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Industrial Hydrogen by Region (2025-2030)
3.5 Global Industrial Hydrogen Market Price Analysis by Region (2019-2024)
3.6 Global Industrial Hydrogen Production and Value, Year-over-Year Growth
3.6.1 North America Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.5 Southeast Asia Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)
3.6.7 South America Industrial Hydrogen Production Value Estimates and Forecasts (2019-2030)

4 Industrial Hydrogen Consumption by Region
4.1 Global Industrial Hydrogen Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Industrial Hydrogen Consumption by Region (2019-2030)
4.2.1 Global Industrial Hydrogen Consumption by Region (2019-2030)
4.2.2 Global Industrial Hydrogen Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Industrial Hydrogen Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Industrial Hydrogen Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Industrial Hydrogen Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Industrial Hydrogen Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Industrial Hydrogen Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Industrial Hydrogen Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Industrial Hydrogen Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Industrial Hydrogen Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries

5 Segment by Type
5.1 Global Industrial Hydrogen Production by Type (2019-2030)
5.1.1 Global Industrial Hydrogen Production by Type (2019-2024)
5.1.2 Global Industrial Hydrogen Production by Type (2025-2030)
5.1.3 Global Industrial Hydrogen Production Market Share by Type (2019-2030)
5.2 Global Industrial Hydrogen Production Value by Type (2019-2030)
5.2.1 Global Industrial Hydrogen Production Value by Type (2019-2024)
5.2.2 Global Industrial Hydrogen Production Value by Type (2025-2030)
5.2.3 Global Industrial Hydrogen Production Value Market Share by Type (2019-2030)
5.3 Global Industrial Hydrogen Price by Type (2019-2030)

6 Segment by Application
6.1 Global Industrial Hydrogen Production by Application (2019-2030)
6.1.1 Global Industrial Hydrogen Production by Application (2019-2024)
6.1.2 Global Industrial Hydrogen Production by Application (2025-2030)
6.1.3 Global Industrial Hydrogen Production Market Share by Application (2019-2030)
6.2 Global Industrial Hydrogen Production Value by Application (2019-2030)
6.2.1 Global Industrial Hydrogen Production Value by Application (2019-2024)
6.2.2 Global Industrial Hydrogen Production Value by Application (2025-2030)
6.2.3 Global Industrial Hydrogen Production Value Market Share by Application (2019-2030)
6.3 Global Industrial Hydrogen Price by Application (2019-2030)

7 Key Companies Profiled
7.1 Linde Group
7.1.1 Linde Group Industrial Hydrogen Company Information
7.1.2 Linde Group Industrial Hydrogen Product Portfolio
7.1.3 Linde Group Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Linde Group Main Business and Markets Served
7.1.5 Linde Group Recent Developments/Updates
7.2 Air Liquide
7.2.1 Air Liquide Industrial Hydrogen Company Information
7.2.2 Air Liquide Industrial Hydrogen Product Portfolio
7.2.3 Air Liquide Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Air Liquide Main Business and Markets Served
7.2.5 Air Liquide Recent Developments/Updates
7.3 Air Products
7.3.1 Air Products Industrial Hydrogen Company Information
7.3.2 Air Products Industrial Hydrogen Product Portfolio
7.3.3 Air Products Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Air Products Main Business and Markets Served
7.3.5 Air Products Recent Developments/Updates
7.4 Air Water
7.4.1 Air Water Industrial Hydrogen Company Information
7.4.2 Air Water Industrial Hydrogen Product Portfolio
7.4.3 Air Water Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Air Water Main Business and Markets Served
7.4.5 Air Water Recent Developments/Updates
7.5 Taiyo Nippon Sanso
7.5.1 Taiyo Nippon Sanso Industrial Hydrogen Company Information
7.5.2 Taiyo Nippon Sanso Industrial Hydrogen Product Portfolio
7.5.3 Taiyo Nippon Sanso Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Taiyo Nippon Sanso Main Business and Markets Served
7.5.5 Taiyo Nippon Sanso Recent Developments/Updates
7.6 Messer Group
7.6.1 Messer Group Industrial Hydrogen Company Information
7.6.2 Messer Group Industrial Hydrogen Product Portfolio
7.6.3 Messer Group Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Messer Group Main Business and Markets Served
7.6.5 Messer Group Recent Developments/Updates
7.7 Yingde Gases
7.7.1 Yingde Gases Industrial Hydrogen Company Information
7.7.2 Yingde Gases Industrial Hydrogen Product Portfolio
7.7.3 Yingde Gases Industrial Hydrogen Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Yingde Gases Main Business and Markets Served
7.7.5 Yingde Gases Recent Developments/Updates

8 Industry Chain and Sales Channels Analysis
8.1 Industrial Hydrogen Industry Chain Analysis
8.2 Industrial Hydrogen Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Industrial Hydrogen Production Mode & Process
8.4 Industrial Hydrogen Sales and Marketing
8.4.1 Industrial Hydrogen Sales Channels
8.4.2 Industrial Hydrogen Distributors
8.5 Industrial Hydrogen Customers

9 Industrial Hydrogen Market Dynamics
9.1 Industrial Hydrogen Industry Trends
9.2 Industrial Hydrogen Market Drivers
9.3 Industrial Hydrogen Market Challenges
9.4 Industrial Hydrogen Market Restraints

10 Research Findings and Conclusion

11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

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