Press release
Exponential Growth Anticipated in Global Hydrogen Market - Boasting a CAGR of 15.9% by 2029
Hydrogen Market Trends
What Is The Projected Market Size Of The Global Hydrogen Market And Its Growth Rate?
The hydrogen market displays exciting growth perspectives. Its notable performance indicators include:
- An increase from $18.92 billion in 2024 to $22.38 billion in 2025 at a CAGR of 18.2%
- Projected growth to $40.39 billion in 2029 at a CAGR of 15.9%
Key accelerators for this growth stem from the strong economic growth in emerging markets, increased demand from the chemical industry, and extensive deployment of hydrogen fuel cell vehicles.
What Is Driving The Growth In The Hydrogen Market?
The ascent of the hydrogen market can be attributed to emerging developments in the healthcare industry. The focus on healthier living quality has stirred preparation of industrial gases such as hydrogen for use in pharmaceutical-based products. Notably, installations of hydrogen plants have started in hospitals like St. Francis and VA Loma Linda for power generation, driving demand for high-grade industrial gases. Contributing significantly also are treatments and drug developments using induced pluripotent stem cells, spurring application of systems employing gases for the cultivation and preservation of cells and tissues.
For a comprehensive understanding of hydrogen's potential growth, consider a [Free Sample Copy](https://www.thebusinessresearchcompany.com/sample.aspx?id=2696&type=smp)
Who Are the Key Players Driving Hydrogen Market Growth?
The Hydrogen market presents a competitive landscape comprising :
- 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
- Other significant players
What Are The Key Trends In The Hydrogen Market?
The hydrogen market is shaped by several trends:
- Hydrogen production from sewage waste
- Partnerships and collaborations
- Growing investments in green hydrogen
- Adoption of IoT by hydrogen manufacturers
- Use of smart meters and customized air separation plants
What Are The Segments Of The Global Hydrogen Market?
The hydrogen market can be broken down into:
- 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
Which Region Leads The Hydrogen Market?
Asia-Pacific towers over other regions as the largest market for hydrogen in 2024, closely trailed by North America. The Hydrogen market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
To reap the benefits of swift delivery, [Pre-book the Report](https://www.thebusinessresearchcompany.com/report/hydrogen-global-market-report)
What Is Covered In The Hydrogen Market Global Market Report?
- Market Size Analysis: Analyze the Hydrogen Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydrogen Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydrogen Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities, and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydrogen Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Interested in a tailored report? [Request Customization for This Report](https://www.thebusinessresearchcompany.com/customise?id=2696&type=smp)
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exponential Growth Anticipated in Global Hydrogen Market - Boasting a CAGR of 15.9% by 2029 here
News-ID: 3837567 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Hydrogen
White Natural Hydrogen Market Growth 2025-2032 | Clean & Renewable Hydrogen Sour …
New York, U.S. - Worldwide Market Reports unveils its latest evaluation of the White Natural Hydrogen Market, highlighting the growing interest in naturally occurring, untapped hydrogen resources that can support decarbonization initiatives and supplement green and blue hydrogen production. Increasing exploration in geological formations, coupled with rising demand for low-carbon energy carriers, is driving adoption across industrial, energy, and mobility sectors. Near-term growth is expected from subsurface hydrogen reservoirs, renewable…
Hydrogen Electrolyzer Market, Fueling the Green Hydrogen Revolution Worldwide
Overview of the Market
The hydrogen electrolyzer market is rapidly transforming into a cornerstone of the global clean energy transition, driven by increasing investments in sustainable technologies and government-led decarbonization efforts. A hydrogen electrolyzer is a device that splits water into hydrogen and oxygen using electricity, enabling the generation of green hydrogen when powered by renewable sources. This exponential rise is attributed to the surging demand for clean fuels, rising…
Hydrogen economy: hydrogen as an energy carrier is changing companies
The energy transition and climate protection have put the focus on a sustainable energy supply. Hydrogen is considered one of the most important energy sources of the future and plays a key role in the decarbonization of industry. Investments in the hydrogen economy are increasing worldwide. Germany is also increasingly focusing on promoting this technology.
But what impact will this have on companies, the labor market and the competitiveness of Germany…
Hydrogen Generator Market Growth: Powering the Green Hydrogen Economy
According to a new report published by Allied Market Research, The global hydrogen generator market size was valued at $1.2 billion in 2020, and hydrogen generator market forecast to reach $2.2 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030.
Global shift toward the use of eco-friendly and renewable resources and several government initiatives toward development of eco-friendly hydrogen production technologies, coupled with rapidly increasing demand for…
Hydrogen Generation Market Clean Energy Transition and Green Hydrogen Innovation …
On March 31, 2025, Exactitude Consultancy., Ltd. announces the release of the report "Global Hydrogen Generation Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034". The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across…
Hydrogen Generator Market Dynamics: Trends Shaping the Hydrogen Economy
According to a new report published by Allied Market Research, The global hydrogen generator market size was valued at $1.2 billion in 2020, and hydrogen generator market forecast to reach $2.2 billion by 2030, growing at a CAGR of 5.8% from 2021 to 2030.
Global shift toward the use of eco-friendly and renewable resources and several government initiatives toward development of eco-friendly hydrogen production technologies, coupled with rapidly increasing demand for…
