Global Hydrogen Market Size & Outlook, 2022-2030
Global hydrogen market, 2018-2030 (US$M)
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Global hydrogen market highlights
- The global hydrogen market generated a revenue of USD 17,366.0 million in 2022 and is expected to reach USD 29,628.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.9% by 2030.
- In terms of segment, ammonia accounted for a revenue of USD 4,947.1 million in 2022.
- Oil Refining 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 2022.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 17,366.0 million |
| Market revenue in 2030 | USD 29,628.7 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Ammonia |
| Fastest growing segment | Oil Refining |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil Refining, Ammonia, Transportation, Methanol, Steel |
Other key industry trends
- In terms of revenue, the North America accounted for 20.9% of the global hydrogen market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 450.8 million by 2030.
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Hydrogen Market Scope
Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global 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 hydrogen market will help companies and investors design strategic landscapes.
Ammonia was the largest segment with a revenue share of 28.49% in 2022. Horizon Databook has segmented the Global hydrogen market based on oil refining, ammonia, transportation, methanol, steel covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Electronics
- Oil Refining
- Ammonia
- Transportation
- Oil & Gas
- Medical
- Fire Suppressant
- Metals & Mining
- Water Treatment
- Healthcare
- Manufacturing
- Metal working
- Lamps
- Others
- Methanol
- Steel
Reasons to subscribe to Global hydrogen market databook:
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Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global hydrogen market databook
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Our clientele includes a mix of 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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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 global-level data and insights on the Global hydrogen market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global hydrogen market size, by region, 2018-2030 (US$M)
Top 10 countries: Hydrogen market size, 2022 (US$M)
Global hydrogen market share, by application, 2022 & 2030 (%, US$M)
Hydrogen market: Opportunity assessment by country
Global hydrogen market, by region, 2022 (US$M)
Related regional statistics
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