About Hydrogen Gas
Hydrogen gas is found in a very trace amount in atmosphere. It is found in the gases from volcanoes, oil wells and coal mines. It may be liberated as a product of decomposition of biological matter. It is an significant gaseous raw material used in chemical and petroleum industries. Gaseous hydrogen is distributed by truck, tanks or barge. Hydrogen has two forms one is ortho-hydrogen, in which the two atomic nuclei spin in the same direction and another is para-hydrogen, in which they spin in opposite directions. There are slight differences in physical properties but there is no difference in the chemical properties of the two forms of hydrogen. Gaseous hydrogen is a combination of 75% ortho-hydrogen and 25% para-hydrogen at room temperature, which is called normal hydrogen. Hydrogen is also used in the production of carbon steels, special metals and semiconductors.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined collaborations. Analyst at AMA Research estimates that German and Indian Vendors will contribute the maximum growth to Global Hydrogen Gas market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aditya Birla Chemicals (India), Air Liquide (France), Air Products and Chemicals (United States), BASF SE (Germany), Gujarat Alkalies and Chemicals Limited (India), Gulf Cryo (Kuwait), Messer group (Germany), Praxair Inc. (United Kingdom), The Linde Group (Germany), Lords Chloro Alkali Limited (India) and Iwatani Corporation (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Hydrogen Gas market by Type (Pipeline, High-Pressure Tube Trailers and Cylinders), Application (Chemicals, Aerospace & Automotive, Energy, Refining and Others [Welding & Metal Fabrication, Glass]) and Region.
On the basis of geography, the market of Hydrogen Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Preparation Methods, the sub-segment i.e. Electrolytic Method will boost the Hydrogen Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Properties, the sub-segment i.e. Flammability will boost the Hydrogen Gas market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Technological Developments and Introduction of Green Production Technologies
Market Growth Drivers:
Growing Demand for Hydrogen Fuel Cell and Rising Demand from Chemicals Industry
Challenges:
High Costs for Production of Electrolytic Hydrogen
Restraints:
Safety Concerns Regarding Usage of Hydrogen Gas
Opportunities:
High Demand for Hydrogen Based Fuel Vehicles in Developing Countries and Increasing Use of Hydrogen in Petroleum Industries
Market Leaders and their expansionary development strategies
In April 2024, UK-based oil and gas infrastructure manager px Group has acquired a majority stake in German hydrogen company LIFTE H2. The buyout is part of the acceleration of the Group’s growth ambitions in Europe, an arena where LIFTE H2 is recognised as a reliable collaborator within the hydrogen landscape.
On January 10, 2019 BASF, the German chemical company, presented a new corporate strategy which holds climate protection firmly at its core. A central goal of this strategy, is to achieve CO2-neutral growth until 2030. They are developing a new process technology to produce hydrogen (H2) from natural gas without the negative carbon dioxide (CO2) emissions. and In February 2024, Leading central public sector undertakings (PSUs) are betting big on hydrogen fuel, realising the clear shift that is likely to happen in the sustainable energy sector in the country in the coming years.
Key Target Audience
Manufacturers of Hydrogen Gas, Suppliers of Hydrogen Gas, Industry Associations and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.