Brazil Hydrogen Generation Market Size & Outlook
Brazil hydrogen generation market, 2018-2030 (US$B)
Related Markets
Brazil hydrogen generation market highlights
- The Brazil hydrogen generation market generated a revenue of USD 5.2 billion in 2023 and is expected to reach USD 12.8 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 13.6% from 2024 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Hydrogen generation market data book summary
| Market revenue in 2023 | USD 5.2 billion |
| Market revenue in 2030 | USD 12.8 billion |
| Growth rate | 13.6% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Cummins Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Tokyo Gas Co Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.1% of the global hydrogen generation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 12.8 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil hydrogen generation 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 hydrogen generation market will help companies and investors design strategic landscapes.
Ammonia production was the largest segment with a revenue share of 19.23% in 2023. Horizon Databook has segmented the Brazil hydrogen generation market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is the largest South American economy and is a part of BRICS, the five major emerging economies. Industrial development across the country has provided new applications for hydrogen generation market. Oil & gas industry in Brazil is recovering from recession and economic crisis.
According to the Federation of Industries of the State of Rio de Janeiro, 44 offshore production systems are scheduled to be operational by 2030. Hydrogen is largely used in these industries. Rapidly expanding oil & gas sector is anticipated to drive hydrogen generation market in Brazil in the coming years.
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Target buyers of Brazil hydrogen generation market databook
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Our clientele includes a mix of hydrogen generation 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Brazil hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into Brazil hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil hydrogen generation market size, by application, 2018-2030 (US$B)
Brazil Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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