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Hydrogen Hubs Market Share

Report ID: GMI8285
Published Date: Feb 2024
Report Format: PDF

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Hydrogen Hubs Market Share

Air Products and Chemicals, Inc. holds a significant share in the hydrogen hubs industry. The company has expertise in industrial gases and is a significant player in the hydrogen market, offering a range of hydrogen-related solutions including production, storage, and transportation.

Major players including Air Liquide, Linde plc, Air Products and Chemicals, Inc., and Ballard Power Systems Inc. are also constantly implementing strategic measures, such as geographical expansion, acquisition, mergers, collaborations, partnerships, and product or service launches, to gain market shares.

Hydrogen Hubs Market Companies

Major players operating in the hydrogen hubs industry are:

Air Liquide
Air Products and Chemicals, Inc.
Ballard Power Systems Inc.
Engie SA
Hydrogenics (a subsidiary of Cummins Inc.)
Hyundai Motor Company
ITM Power plc
Linde plc
McPhy Energy
Mitsubishi Power
Nel ASA
Plug Power Inc.
Shell Hydrogen
Siemens Energy
Toyota Motor Corporation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Hydrogen hubs industry size crossed USD 1.5 billion in 2023 and is estimated to register over 17% CAGR between 2024 and 2032 driven by rising need to support various applications, such as transportation, energy storage & industrial processes.

The automotive end-use industry segment accounted for over 35% share of the hydrogen hubs market in 2023, owing to the higher demand for zero-emission vehicles and the strict emission regulations implemented by governments across the globe.

North America held over 30% share of the global hydrogen hubs market in 2023, due to the presence of robust automotive sector in the region.

Some of the prominent hydrogen hub firms are Air Liquide, Air Products and Chemicals, Inc., Ballard Power Systems Inc., Engie SA, Hydrogenics (a subsidiary of Cummins Inc.), Hyundai Motor Company, ITM Power plc, Linde plc, and McPhy Energy, among others.