UAE Hydrogen Market Size & Outlook, 2022-2030
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UAE hydrogen market highlights
- The UAE hydrogen market generated a revenue of USD 257.3 million in 2022 and is expected to reach USD 437.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, ammonia was the largest revenue generating application in 2022.
- Oil Refining is the most lucrative application segment registering the fastest growth during the forecast period.
Hydrogen market data book summary
| Market revenue in 2022 | USD 257.3 million |
| Market revenue in 2030 | USD 437.7 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Ammonia |
| Fastest growing segment | Oil Refining |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oil Refining, Ammonia, Transportation, Methanol, Steel |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Messer Group, SOL Group, INOX Air Products, Strandmöllen |
Other key industry trends
- In terms of revenue, UAE accounted for 1.5% of the global hydrogen market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia hydrogen market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 573.9 million by 2030.
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Hydrogen Market Scope
Hydrogen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Strandmöllen | View profile | 101-250 | Ljungby, Skane Lan, Sweden, Europe | https://www.strandmollen.se |
| SOL Group | View profile | 1001-5000 | Monza, Lombardia, Italy, Europe | https://www.solgroup.com/ |
| Messer Group | View profile | 10001+ | Bad Soden, Hessen, Germany, Europe | https://www.messergroup.com |
| INOX Air Products | View profile | 1001-5000 | Mumbai, Maharashtra, India, Asia | https://inoxairproducts.com/ |
| Nippon Sanso Holdings Corp | View profile | 22200 | Toyo Building 1-3-26, Koyama, Shinagawa-ku, Tokyo, Japan, 142-8558 | https://www.nipponsanso-hd.co.jp |
| Iwatani Corp | View profile | 11351 | 6-4, Hommachi 3-chome, Chuo-ku, Osaka, Japan, 541-0053 | http://www.iwatani.co.jp |
| Air Liquide SA | View profile | 67800 | 75, Quai d'Orsay, Paris, France, 75007 | https://www.airliquide.com |
| Linde PLC | View profile | 66195 | 10 Riverview Drive, Danbury, CT, United States, 06810 | https://www.linde.com |
| Air Products & Chemicals Inc | View profile | 23000 | 1940 Air Products Boulevard, Allentown, PA, United States, 18106-5500 | https://www.airproducts.com |
UAE 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 28.45% in 2022. Horizon Databook has segmented the UAE hydrogen market based on oil refining, ammonia, transportation, methanol, steel covering the revenue growth of each sub-segment from 2018 to 2030.
- UAE Hydrogen Application Outlook (Revenue, USD Million, 2018-2030)
- Metals & Mining
- Water Treatment
- Others
- Methanol
- Electronics
- Oil & Gas
- Manufacturing
- Steel
- Chemicals
- Pharmaceuticals
- Ammonia
- Medical
- Fire Suppressant
- Healthcare
- Lamps
- Food & Beverages
- Oil Refining
- Transportation
- Metal working
Reasons to subscribe to UAE hydrogen market databook:
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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 UAE 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 country-level data and insights on the UAE hydrogen market , including forecasts for subscribers. This country databook contains high-level insights into UAE hydrogen market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UAE hydrogen market size, by application, 2018-2030 (US$M)
UAE Hydrogen Market Outlook Share, 2022 & 2030 (US$M)
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