Report Update: May 1, 2024

World - Hydrogen - Market Analysis, Forecast, Size, Trends And Insights

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Companies Developing Hydrogen Energy

Hydrogen energy is gaining traction as a clean and sustainable alternative to fossil fuels. Several companies are actively involved in the development and commercialization of hydrogen energy technologies. Let's take a look at some of the key players in this industry:

1. Toyota Motor Corporation

Toyota is one of the world's largest automakers and a pioneer in hydrogen fuel cell technology. The company launched the Toyota Mirai, a hydrogen fuel cell vehicle, in 2014. Toyota has also been investing in hydrogen infrastructure development and aims to play a significant role in the widespread adoption of hydrogen energy.

2. Ballard Power Systems

Ballard Power Systems is a Canadian company that specializes in the design and manufacture of hydrogen fuel cells. The company has been at the forefront of fuel cell technology for over 40 years and has partnerships with global automakers and other industry players. Ballard Power Systems is focused on developing fuel cell solutions for various applications, including transportation, backup power, and material handling.

3. Plug Power Inc.

Plug Power is a leading provider of hydrogen fuel cell solutions for various industries, including material handling, on-road transportation, and stationary power. The company's fuel cell systems are used in forklifts, delivery vans, and other vehicles. Plug Power is also expanding its market reach by offering turnkey hydrogen and fuel cell solutions to customers.

4. Air Liquide

Air Liquide is a multinational company that specializes in industrial gases and services. The company is actively involved in the production and distribution of hydrogen energy. Air Liquide operates hydrogen refueling stations and collaborates with partners to develop hydrogen-powered transportation solutions. The company is also engaged in the production of electrolyzers, which are used to produce hydrogen through water electrolysis.

5. Nikola Corporation

Nikola Corporation is a U.S.-based company that designs and manufactures hydrogen-electric vehicles, including trucks and utility vehicles. The company aims to revolutionize the transportation industry by providing zero-emission and high-performance hydrogen-powered vehicles. Nikola Corporation has attracted significant attention and investment in recent years.

6. Nel ASA

Nel ASA is a Norwegian company that focuses on producing hydrogen through water electrolysis. The company's electrolyzers are used for various applications, including hydrogen production for the transportation sector and renewable energy storage. Nel ASA also provides hydrogen fueling solutions and is actively involved in the development of hydrogen infrastructure.

7. Hyundai Motor Group

Hyundai Motor Group, a South Korean automotive conglomerate, is actively investing in hydrogen fuel cell technology. The company launched the Hyundai ix35 Fuel Cell (now known as Hyundai Nexo) in 2013, followed by other fuel cell vehicles. Hyundai aims to become a global leader in hydrogen energy and plans to introduce more hydrogen-powered vehicles in the coming years.

8. ITM Power

ITM Power is a British company that specializes in the manufacture of hydrogen energy systems. The company offers electrolyzer products for hydrogen production, as well as hydrogen fueling infrastructure solutions. ITM Power collaborates with partners in various sectors, including transportation, renewable energy, and industrial applications.

These are just a few examples of companies that are actively involved in the development and commercialization of hydrogen energy. As the demand for clean and sustainable energy increases, more companies are expected to join the hydrogen energy revolution.

This report provides an in-depth analysis of the global hydrogen market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20111150 - Hydrogen

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

Dow, Linde, Cummins, Air Products & Chemicals, Ballard Power Systems, Ceres Power, Air Liquide, NES Fircroft, Cleantech Group, China Hydrogen Alliance, Sinopec, China Hydrogen Energy Technology Co., Rosatom, Rosneft, Gazprom, Gazpromneft, Rostec, Reliance Industries Ltd, GAIL, NTPC, Indian Oil Corp, Larsen and Toubro, Bloom Energy Corp, Nikola Corporation

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023