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Hydrogen Market Size - By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Publisher SPER Market Research Pvt. Ltd.
Published Jul 28, 2025
Length 253 Pages
SKU # SPER20400331

Description

Hydrogen Market Introduction and Overview

According to SPER Market Research, ‘Global Hydrogen Market Size – By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2034’ the Global Hydrogen Market is estimated to reach USD 662.9 billion by 2034 with a CAGR of 12.48%.

Hydrogen is a clean and versatile energy carrier that emits no carbon when used, making it essential for reducing greenhouse gas emissions. It can be produced from fossil fuels like natural gas (grey and blue hydrogen) or from renewable sources such as wind and solar power (green hydrogen). Hydrogen is used across various sectors including transportation, industry, and power generation.

Restraints: Despite its potential, the global hydrogen market faces several challenges that restrain growth. High production costs, particularly for green hydrogen, remain a significant barrier compared to conventional fuels. The lack of widespread infrastructure for hydrogen storage, transportation, and refueling limits market expansion and adoption, especially for mobility applications. Safety concerns related to hydrogen’s flammability and handling also affect public acceptance and regulatory approvals.

Scope of the report:

Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Application

Regions covered

North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered

Air Liquide, Air Products & Chemicals, Ally Hi Tech, Ballard Power Systems, Caloric, Claind, Cummins, ENGIE, HyGear, and Infinite Green Energy

Global Hydrogen Market Segmentation:

By Type:

Based on the Type, Global Hydrogen Market is segmented as; Grey, Blue, Green.

By Application:

Based on the Application, Global Hydrogen Market is segmented as; Petroleum Refinery, Chemical, Others.

By Region:

This research also includes data for North America, Latin America, Asia Pacific, Europe, Middle East & Africa.

Table of Contents

253 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Hydrogen Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Hydrogen Market
7. Global Hydrogen Market, By Type (USD Million) 2021-2034
7.1. Grey
7.2. Blue
7.3. Green
8. Global Hydrogen Market, By Application (USD Million) 2021-2034
8.1. Petroleum Refinery
8.2. Chemical
8.3. Others
9. Global Hydrogen Market, (USD Million) 2021-2034
9.1. Global Hydrogen Market Size and Market Share
10. Global Hydrogen Market, By Region, (USD Million) 2021-2034
10.1. Asia-Pacific
10.1.1. Australia
10.1.2. China
10.1.3. India
10.1.4. Japan
10.1.5. South Korea
10.1.6. Rest of Asia-Pacific
10.2. Europe
10.2.1. France
10.2.2. Germany
10.2.3. Italy
10.2.4. Spain
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Middle East and Africa
10.3.1. Kingdom of Saudi Arabia
10.3.2. United Arab Emirates
10.3.3. Qatar
10.3.4. South Africa
10.3.5. Egypt
10.3.6. Morocco
10.3.7. Nigeria
10.3.8. Rest of Middle-East and Africa
10.4. North America
10.4.1. Canada
10.4.2. Mexico
10.4.3. United States
10.5. Latin America
10.5.1. Argentina
10.5.2. Brazil
10.5.3. Rest of Latin America
11. Company Profile
11.1. Air Liquide
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Air Products & Chemicals
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Ally Hi Tech
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Ballard Power Systems
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Caloric
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Claind
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Cummins
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. ENGIE
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
11.9. HyGear
11.9.1. Company details
11.9.2. Financial outlook
11.9.3. Product summary
11.9.4. Recent developments
11.10. Infinite Green Energy
11.10.1. Company details
11.10.2. Financial outlook
11.10.3. Product summary
11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links

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