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Merchant Hydrogen Market Trends

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Report ID: 3197
Published Date: Dec 23, 2024
Report Format: PDF, PPT

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Merchant Hydrogen Market Trends

Growth Drivers

Rising Use of Hydrogen as a Green Fuel
Increasing Oil Wells and Production of Gasoline

Challenges

High Cost Required to Obtain Hydrogen

Merchant Hydrogen Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	7.1%
Base Year Market Size (2024)	USD 98.15 billion
Forecast Year Market Size (2037)	USD 239.42 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Merchant Hydrogen Market Size & Share, Growth Analysis 2037

Author Credits: Dhruv Bhatia

Report ID: 3197
Published Date: Dec 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of merchant hydrogen is assessed at USD 104.07 billion.

Merchant Hydrogen Market size was over USD 98.15 billion in 2024 and is projected to reach USD 239.42 billion by 2037, growing at around 7.1% CAGR during the forecast period i.e., between 2025-2037.

North America industry is poised to hold largest revenue share by 2037, on the back of growing oil & gas industry in countries, such as, Canada, and the U.S.

The major players in the market are Airgas, Inc., Air Products Inc., Praxair Technology, Inc., Linde plc, Air Liquide, FuelCell Energy, Inc., Bloom Energy Corporation, and others.

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