Report Overview
Hydrogen Gas Market refers to the global trade and utilization of hydrogen (H2) gas, a colorless, odorless, and tasteless element.
Known for being the lightest element, hydrogen is extensively produced via natural gas steam reforming and the electrolysis of water.
It is widely recognized as the cleanest fuel, as its combustion yields only water vapor and no carbon emissions.
The market encompasses both captive hydrogen (produced and consumed onsite) and merchant hydrogen (produced centrally and distributed to end-users).
Market Analysis
The global Hydrogen Gas Market size was estimated at USD 181630 million in 2023 and is projected to reach USD 230845.59 million by 2032, exhibiting a CAGR of 2.70% during the forecast period.
North America Hydrogen Gas market size was estimated at USD 49543.53 million in 2023, at a CAGR of 2.31% during the forecast period of 2025 through 2032.
