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Hydrogen Market Share

Report ID: GMI5021
Published Date: Apr 2023
Report Format: PDF

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Hydrogen Market Share

Some of the leading companies in the hydrogen market are:

Air Liquide
Air Products & Chemicals Inc
Cummins Inc
Iwatani Corporation
Messer Group GmbH
SHOWA DENKO K.K
Ally Hi-Tech Co., Ltd
CALORIC
NUVERA FUEL CELLS LLC
Plug Power Inc
Nel ASA
TAIYO NIPPON SANSO CORPORATION
Ballard Power Systems
Mahler AGS GmbH
Teledyne Technologies Incorporated,
Linde plc.

These firms are foraying into strategic alliances to boost innovation and hydrogen production.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of hydrogen surpassed USD 183 billion in 2022 and is expected to witness about 5.5% CAGR from 2023 to 2032, explains GMI study.

The industry share from petroleum refining reached 100 MMT in 2022 owing to surging crude oil consumption and stringent emission reduction norms.

Asia Pacific hydrogen industry size is estimated to amass USD 11 billion by 2032 backed by the favorable government initiatives to build a green economy.

Air Liquide, Cummins Inc., Messer Group GmbH, CALORIC, Plug Power Inc., Nel ASA, TAIYO NIPPON SANSO CORPORATION, and Linde plc are some of the major producers of hydrogen.