Pune, Maharashtra -- (SBWire) -- 11/22/2023 --According to HTF Market Intelligence, the Global Hydrogen Gas market to witness a CAGR of % during the forecast period (2023-2029). The Latest Released Hydrogen Gas Market Research assesses the future growth potential of the Hydrogen Gas market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities.
Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Hydrogen Gas market.
The Hydrogen Gas market size is estimated to increase by USD 158.8 Billion at a CAGR of 10.9% from 2023 to 2029. The report includes historic market data from 2023 to 2029. Currently, the market value is pegged at USD 257.9 Billion.
The Major Players Covered in this Report: FuelCell Energy Inc. (United States), Bloom Energy Corp. (United States), Plug Power Inc. (United States), Adani Green Energy Ltd. (India), Air Products and Chemicals Inc. (United States), Sinopec (China), Linde plc (United Kingdom), Shell plc (United Kingdom), Reliance Industries Ltd. (India), Air Products (United States), Ballard Power Systems (Canada), Air Liquide (France).
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Definition:
Hydrogen gas (H?) is a diatomic molecule composed of two hydrogen atoms. It is colorless, odorless, tasteless, and non-toxic. Hydrogen is the lightest and most abundant element in the universe, making up about 75% of its elemental mass. However, on Earth, it is not commonly found in its pure form because it tends to react with other elements and form compounds.
Market Trends:
There is a growing focus on producing hydrogen through electrolysis powered by renewable energy sources (such as wind or solar power). This method, known as "green hydrogen" production, is considered more environmentally friendly compared to traditional methods that often rely on fossil fuels.
Market Drivers:
As countries aim to reduce their dependence on fossil fuels and transition to cleaner energy sources to mitigate climate change, hydrogen is gaining attention as a versatile and clean energy carrier.
Market Opportunities:
Hydrogen can be a clean energy carrier when produced using renewable energy sources, such as wind or solar power. The opportunity lies in developing and scaling up green hydrogen production methods, including electrolysis powered by renewables.
Market Developments Activities:
Hyliion Holdings Corp., a pioneer in electrified powertrain options for Class 8 semi-trucks, announced the completion of its previously announced agreement to buy KARNO, a new hydrogen and fuel-agnostic generator, from GE Additive, a division of GE and a global leader in metal additive technologies and manufacturing in September 2022. Following the agreement, GE received $22 million in Hyliion stock in addition to $15 million in cash. The world's largest green hydrogen ecosystem will be built by Adani, India's fastest-growing diversified company portfolio, and energy supermajor TotalEnergies of France, in cooperation. Adani Enterprises Ltd. will sell a 25% minority stake in Adani New Industries Ltd. (ANIL) to TotalEnergies as part of this strategic alliance (AEL)
Target Audience:
Analysts and Strategic Business Planners, New Entrants and Investors, Transport sector, Energy sector, Government Bodies, Others
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Hydrogen Gas market segments by Types: Steam Methane Reforming, Electrolysis, Coal Gasification, Biomass Gasification, Other Production Methods
Detailed analysis of Hydrogen Gas market segments by Applications: Transportation, Industrial Processes, Electricity Generation, Residential and Commercial Heating, Other Applications
Major Key Players of the Market: FuelCell Energy Inc. (United States), Bloom Energy Corp. (United States), Plug Power Inc. (United States), Adani Green Energy Ltd. (India), Air Products and Chemicals Inc. (United States), Sinopec (China), Linde plc (United Kingdom), Shell plc (United Kingdom), Reliance Industries Ltd. (India), Air Products (United States), Ballard Power Systems (Canada), Air Liquide (France).
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report:
- -To carefully analyse and forecast the size of the Hydrogen Gas market by value and volume.
- -To estimate the market shares of major segments of the Hydrogen Gas market.
- -To showcase the development of the Hydrogen Gas market in different parts of the world.
- -To analyse and study micro-markets in terms of their contributions to the Hydrogen Gas market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Hydrogen Gas market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Hydrogen Gas market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
The market is segmented by Global Hydrogen Gas Market Breakdown by Application (Transportation, Industrial Processes, Electricity Generation, Residential and Commercial Heating, Other Applications) by By Distribution Mode (Pipeline Transportation, Bulk Delivery, On-Site Production) by By Production Method (Steam Methane Reforming, Electrolysis, Coal Gasification, Biomass Gasification, Other Production Methods) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
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Key takeaways from the Hydrogen Gas market report:
– Detailed consideration of Hydrogen Gas market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
– Comprehensive valuation of all prospects and threats in the
– In-depth study of industry strategies for growth of the Hydrogen Gas market-leading players.
– Hydrogen Gas market latest innovations and major procedures.
– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
– Conclusive study about the growth conspiracy of Hydrogen Gas market for forthcoming years.
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Major highlights from Table of Contents:
Hydrogen Gas Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Hydrogen Gas market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Hydrogen Gas Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Hydrogen Gas Market Production by Region Hydrogen Gas Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Hydrogen Gas Market Report:
- Hydrogen Gas Overview, Definition and Classification Market drivers and barriers
- Hydrogen Gas Market Competition by Manufacturers
- Hydrogen Gas Capacity, Production, Revenue (Value) by Region (2023-2029)
- Hydrogen Gas Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Hydrogen Gas Production, Revenue (Value), Price Trend by Type {Steam Methane Reforming, Electrolysis, Coal Gasification, Biomass Gasification, Other Production Methods}
- Hydrogen Gas Market Analysis by Application {Transportation, Industrial Processes, Electricity Generation, Residential and Commercial Heating, Other Applications}
- Hydrogen Gas Manufacturers Profiles/Analysis Hydrogen Gas Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Major questions answered:
- What are influencing factors driving the demand for Hydrogen Gas near future?
- What is the impact analysis of various factors in the Global Hydrogen Gas market growth?
- What are the recent trends in the regional market and how successful they are?
- How feasible is Hydrogen Gas market for long-term investment?
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