Merchant Hydrogen Sector: Growth Drivers and Challenges
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 |
|
Browse key industry insights with market data tables & charts from the report:
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.
