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Grey Hydrogen Market Share
Reliance Industries, Linde plc, Air Liquide, Air Products & Chemicals, Sinopec are some leading players operating in the industry. The companies are actively exploring growth ventures to expand their market presence, enhance efficiency, and transition towards more sustainable practices. These ventures often involve technological innovation, strategic partnerships, investments in infrastructure, and the integration of carbon capture technologies.
Grey Hydrogen Market Companies
Eminent players operating in the grey hydrogen industry are:
- Air Liquide
- Air Products & Chemicals, Inc.
- China National Petroleum Corporation
- Exxon Mobil Corporation
- Indian Oil Corporation Limited
- Iberdrola S.A.
- Linde plc
- Messer Group GmbH
- Orsted A/S
- Praxair Technology, Inc.
- Reliance Industries Ltd.
- Sinopec
How big is the grey hydrogen market?
The market size of grey hydrogen was reached USD 147.5 billion in 2023 and will grow at a 3.4% CAGR between 2024 and 2032, propelled by the growing demand for hydrogen coupled with the availability of natural gas feedstock and existing infrastructure for hydrogen transportation and storage.
Why is there a rising demand for natural gas sourced grey hydrogen?
Grey hydrogen market share from the natural gas segment will garner USD 125.5 billion by 2032 due to the widespread availability and cost-effectiveness of natural gas feedstock for hydrogen production.
Who are the prominent grey hydrogen market players?
Some of the leading grey hydrogen industry companies include Air Liquide, Air Products & Chemicals, Inc., China National Petroleum Corporation, Exxon Mobil Corporation, Indian Oil Corporation Limited, Iberdrola S.A., Linde plc, Messer Group GmbH, Orsted A/S, Praxair Technology, Inc., Reliance Industries Ltd., and Sinopec, among others.
What is Asia Pacific grey hydrogen market worth?
Asia Pacific grey hydrogen industry will cross USD 137 billion by 2032, owing to robust industrial activities and energy-intensive sectors such as steel and chemicals.