Hydrogen Market Demand – Historical and Future Challenges - PowerPoint PPT Presentation

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Hydrogen Market Demand – Historical and Future Challenges


[191 Pages Report] The global hydrogen market is valued at USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030; it is expected to record a CAGR of 7.8% during the forecast period. The growth in hydrogen demand in recent years is due to the increasing government focus on developing hydrogen-based economies and investment in the hydrogen infrastructure. The market for hydrogen is projected to benefit greatly from the rising usage of low emission fuel. – PowerPoint PPT presentation

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Title: Hydrogen Market Demand – Historical and Future Challenges

Hydrogen Market by Sector (Generation Type (Gray,
Blue, Green), Storage (Physical, Material),
Transportation (Long, Short)), Application
(Energy (Power, CHP), Mobility, Chemical
Refinery (Refinery, Ammonia, Methanol)), Region -
Global Forecast to 2030
The hydrogen market is projected to reach USD
410.6 billion by 2030 from an estimated USD 242.7
billion in 2023, at a CAGR of 7.8 during the
forecast period. Hydrogen is the lightest and
most abundant element in the universe. Hydrogen
gas has an excellent energy carrying capacity. It
can be produced in large quantities and supplied
to large-scale industries for various operations.
It can be produced as a principal and by-product
from various primary energy sources (such as
wind, solar, coal, natural gas, and nuclear).
Currently, hydrogen is produced in bulk for many
value-added uses and chemical substances. It
delivers power for various applications,
including fuel cells and combined heat and power
technologies. View detailed Table of Content
here https//www.marketsandmarkets.com/Market-R
The generation type segment, by sector, is
expected to have the largest market during the
forecast period. Based on sector, the hydrogen
market has been segmented into generation type,
storage, and transportation. The generation type
segment is expected to hold largest share during
the forecast period. Governments and businesses
are looking at low-carbon and zero-emission
options as a result of the pressing need to slow
down climate change and cut greenhouse gas
emissions. Since it generates no carbon dioxide
when used, green hydrogen generation offers a
workable answer to the problem of
decarbonization. Additionally, hydrogen is used
as a feedstock or process fuel by many sectors,
including chemical manufacture, refineries, and
the production of steel. The demand for
low-carbon and green hydrogen is rising as
industry work to minimize their carbon
footprint. Make an Inquiry https//www.markets

Browse gtgt 158 market data
tables 51 figures
191 pages and in-depth TOC on Hydrogen
Market - Global Forecast to 2030 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at US
4950 for single user. Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
The mobility segment, by application, is expected
to be the fastest growing during the forecast
period This report segments the hydrogen market
based on application into three segments energy,
mobility, and chemical refinery. The mobility
segment is expected to be the fastest growing
during the forecast period. Owing to the rising
adaption of the fuel cell electric vehicles and
hydrogen fueling station. Due to the hydrogen
fuel cell's electrochemical reaction only
producing water vapor as a byproduct, FCEVs have
zero emissions. Due to this feature, FCEVs are a
desirable alternative for both consumers and
governments aiming to reduce air pollution and
battle climate change.
North America is expected to be the largest
region in the hydrogen market North America is
expected to be the largest hydrogen market during
the forecast period. The North America region,
comprising of US, Canada, and Mexico. Governments
are dedicated to combating climate change and
lowering greenhouse gas emissions. One important
clean energy carrier that can aid in achieving
carbon neutrality and promoting sustainable
development is hydrogen, especially green
hydrogen produced from renewable sources. Speak
to Analyst _at_ https//www.marketsandmarkets.com/spe
  • Key players -
  • To enable an in-depth understanding of the
    competitive landscape, the report includes the
    profiles of some of the top players in the
    Hydrogen Market. These include
  • Linde plc (Ireland),
  • Air products and Chemicals, Inc. (US),
  • Air Liquide (France),
  • Worthington Industries (US),
  • Cryolor (France),
  • Hexagon Purus (Norway),
  • NPROXX (Netherlands) and many more...
  • Buy Now -
  • https//www.marketsandmarkets.com/Purchase/purchas

Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets
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