The technologies in the global hydrogen market have undergone significant changes in recent years, with a noticeable shift from Steam Methane Reforming to Electrolysis of Water.
Electrolysis of water, particularly using renewable energy sources such as solar and wind power, offers a promising pathway to produce hydrogen without greenhouse gas emissions. Additionally, advancements in electrolyzer technologies have led to increased efficiency and reduced costs, making hydrogen production more economically viable. Moreover, the growing interest in hydrogen as a versatile energy carrier for various sectors, including transportation, industry, and energy storage, has further accelerated the adoption of electrolysis.
As governments worldwide implement ambitious decarbonization goals, hydrogen produced through electrolysis is poised to play a crucial role in achieving these targets and driving the transition towards a greener future.
Emerging Technology in the Hydrogen Market
Emerging technology trends, which have a direct impact on the dynamics of the industry, include electrolysis advancements, hydrogen storage innovations, fuel cell technology developments, and hydrogen infrastructure expansion.
Hydrogen Market by Technology
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the Hydrogen Market technology market. The study includes trends and forecast for the technology trends in the Hydrogen Market by end use industry, technology, and region as follows:
Technology Readiness by Technology Type
Competitive Intensity and Regulatory Compliance
Disruption Potential by Technology Type
Hydrogen Market Trend and Forecast by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Steam Methane Reforming
• Partial Oxidation of Oil
• Coal Gasification
• Electrolysis of Water
Hydrogen Market Trend and Forecast by End Use Industry [Value from 2018 to 2030]:
• Chemical
• Petroleum Refining
• Metal Processing
• Automotive Fuel
• Glass Industry
• Edible Fats and Oils
• Energy
• Others
Hydrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Latest Developments and Innovations in the Hydrogen Technologies
Companies / Ecosystems
Strategic Opportunities by Technology Type
List of Hydrogen Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogen companies profiled in this report includes.
• Air Liquide
• Air Products & Chemicals
• Cummins
• Iwatani
• Messer Group
• Showa Denko K.K.
Hydrogen Market Insight
Lucintel forecasts that gray is expected to witness highest growth over the forecast period due to it is relatively inexpensive and easy to install.
Within this market, energy will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
Features of the Global Hydrogen Market
Market Size Estimates: Hydrogen market size estimation in terms of ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Technology trends in the global hydrogen market size by various segments, such as end use industry and technology in terms of value and volume shipments.
Regional Analysis: Technology trends in the global hydrogen market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different end use industries, technologies, and regions for technology trends in the global hydrogen market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape for technology trends in the global hydrogen market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions
Q.1. What are some of the most promising potential, high-growth opportunities for the technology trends in the global hydrogen market by end use industry (chemical, petroleum refining , metal processing, automotive fuel, glass industry, edible fats and oils, energy, and others), technology (steam methane reforming, partial oxidation of oil, coal gasification, and electrolysis of water), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which technology segments will grow at a faster pace and why?
Q.3. Which regions will grow at a faster pace and why?
Q.4. What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in the global hydrogen market?
Q.5. What are the business risks and threats to the technology trends in the global hydrogen market?
Q.6. What are the emerging trends in these technologies in the global hydrogen market and the reasons behind them?
Q.7. Which technologies have potential of disruption in this market?
Q.8. What are the new developments in the technology trends in the global hydrogen market? Which companies are leading these developments?
Q.9. Who are the major players in technology trends in the global hydrogen market? What strategic initiatives are being implemented by key players for business growth?
Q.10. What are strategic growth opportunities in this hydrogen technology space?
Q.11. What M & A activities did take place in the last five years in technology trends in the global hydrogen market?
For any questions related to hydrogen market, hydrogen market Size, hydrogen market Growth, hydrogen market Analysis, hydrogen market Report, hydrogen market Share, hydrogen market Trends, hydrogen market Forecast, hydrogen companies write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.