Hydrogen Market Size, Share | Forecast 2032

The Business Research Company’s Hydrogen Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hydrogen Global Market Report 2023 evaluates hydrogen market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global hydrogen market is expected to grow from $29,775.8 million in 2027 at a rate of 17.0%. The market is then expected to grow at a CAGR of 16.8% from 2027 and reach $64,590.1 million in 2032.

Government support is expected to drive the growth of the hydrogen market going forward. The governments of various countries support the oil and gas sector for the geographic expansions. For example, in June 2022, the Dutch government will commit more than €750 million ($807.02 million) to building a nationwide hydrogen network throughout the country. This project is a crucial component of plans for a national network of pipelines linking the hydrogen storage facility in Zuidwending and surrounding nations with the five major industrial districts in the Netherlands, Noord, IJmond, Rijnmond, Zeeland, and Limburg. Wherever practical, existing natural gas pipelines are being used to expand the network. It is anticipated that recycled natural gas pipelines will make up around 85% of the hydrogen network. In May 2021, the Hungarian government adopted a hydrogen strategy that categorizes hydrogen as both a fuel and a means of energy storage. Hungary’s generation of low-carbon energy is rising quickly, with its current solar capacity of 2600 MW (megawatts) now exceeding that of the Paks Nuclear Power Plant’s 2000 MW. Therefore, government support is expected to contribute to the hydrogen market expansion.

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The hydrogen market segments in the report are:

1) By Mode Of Distribution: Pipeline; High-Pressure Tube Trailers; Cylinders

2) By Application: Chemical; Refinery; Metal Processing; Other Applications

3) By End User: Chemicals; Aerospace And Automotive; Energy; Refining; Glass; Welding And Metal Fabrication; Other End Users

The table of contents in TBRC’s hydrogen market report includes:

1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure

 

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19. Company Profiles
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Hydrogen Market, Conclusions And Recommendations
23. Appendix

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