About Contact Us Careers

Merchant Hydrogen Market Trends

Request Free Sample Copy

Report ID: 3197
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Buy Now

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	2023
Forecast Year	2024-2036
CAGR	7.1%
Base Year Market Size (2023)	USD 91.64 billion
Forecast Year Market Size (2036)	USD 223.54 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, 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)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:

Merchant Hydrogen Market Size & Share, Growth Analysis 2036

Author Credits: Dhruv Bhatia

Report ID: 3197
Published Date: Aug 30, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of merchant hydrogen is assessed at USD 96.85 billion.

Merchant Hydrogen Market size was over USD 91.64 billion in 2023 and is projected to exceed USD 223.54 billion by 2036, growing at over 7.1% CAGR during the forecast period i.e., between 2024-2036. Growing demand for clean fuel in vehicles and increasing use of hydrogen for petroleum refining will impel the market growth.

North America is predicted to account for largest revenue share by 2036, 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.

Inquiry Before Buying Request Free Sample