Global Grey Hydrogen Market Size & Outlook, 2023-2030
Global grey hydrogen market, 2018-2030 (US$M)
Related Markets
Global grey hydrogen market highlights
- The global grey hydrogen market generated a revenue of USD 334,686.5 million in 2023 and is expected to reach USD 661,030.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.2% by 2030.
- In terms of segment, petroleum refinery accounted for a revenue of USD 84,422.8 million in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 334,686.5 million |
| Market revenue in 2030 | USD 661,030.2 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Petroleum refinery |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
Other key industry trends
- In terms of revenue, the North America accounted for 14.4% of the global grey hydrogen market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 11,254.9 million by 2030.
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Grey Hydrogen Market Scope
Grey Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global grey hydrogen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to grey hydrogen market will help companies and investors design strategic landscapes.
Petroleum refinery was the largest segment with a revenue share of 25.22% in 2023. Horizon Databook has segmented the Global grey hydrogen market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Grey Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Chemical
- Refinery
- Global Grey Hydrogen Technology Outlook (Revenue, USD Million, 2018-2030)
- Coal Gasification
- Steam Methane Reforming
- Methane Pyrolysis
- Alkaline Electrolyzer
- PEM Electrolyzer
- SOEC Electrolyzer
- Gas Partial Oxidation
- Auto Thermal Reforming
- Global Grey Hydrogen Transportation Mode Outlook (Revenue, USD Million, 2018-2030)
- Pipeline
- Cryogenic Liquid Tankers
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Target buyers of Global grey hydrogen market databook
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Our clientele includes a mix of grey hydrogen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global grey hydrogen market , including forecasts for subscribers. This global databook contains high-level insights into Global grey hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global grey hydrogen market size, by region, 2018-2030 (US$M)
Top 10 countries: Grey hydrogen market size, 2023 (US$M)
Global grey hydrogen market share, by application, 2023 & 2030 (%, US$M)
Grey hydrogen market: Opportunity assessment by country
Global grey hydrogen market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 18,055.9 | 19,587.5 | 22,981.6 | 26,755.5 | 30,437.9 | 35,574.8 | 40,802.6 | 46,659.3 | 53,226.7 | 60,621.2 | 68,937.5 | 76,869.6 | 85,275.9 | 13.6% |
| Europe | 58,788.1 | 61,181.3 | 68,776.2 | 76,751.0 | 83,797.5 | 93,628.0 | 102,750.4 | 112,143.2 | 122,149.8 | 132,901.4 | 144,447.1 | 153,952.6 | 163,330.3 | 8.8% |
| North America | 25,345.9 | 29,552.0 | 33,744.4 | 38,254.9 | 42,335.8 | 48,230.5 | 53,681.5 | 59,436.7 | 65,682.3 | 72,503.0 | 80,262.5 | 86,856.2 | 93,787.6 | 10.9% |
| MEA | 20,702.5 | 19,344.8 | 21,726.2 | 24,283.8 | 26,608.0 | 30,032.2 | 32,824.0 | 35,468.2 | 38,233.5 | 41,146.1 | 47,080.7 | 49,662.5 | 55,606.6 | 9.7% |
| Asia Pacific | 70,568.3 | 73,345.6 | 85,085.3 | 97,962.0 | 109,867.4 | 127,221.0 | 143,616.7 | 161,380.0 | 180,941.2 | 202,574.2 | 223,221.6 | 244,689.7 | 263,029.8 | 11.4% |
| Overall | 193,460.8 | 203,011.1 | 232,313.6 | 264,007.1 | 293,046.6 | 334,686.5 | 373,675.2 | 415,087.4 | 460,233.4 | 509,745.9 | 563,949.4 | 612,030.6 | 661,030.2 | 10.2% |
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