Idustrial Hydrogen Market
Idustrial Hydrogen Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Idustrial Hydrogen Market Size and Growth
The industrial hydrogen market is experiencing significant growth, driven by increasing demand in refining and ammonia production. In 2023, the market size was valued at approximately $165 billion, with projections to reach over $250 billion by 2030. Advancements in production technologies and renewable hydrogen usage are shaping market dynamics.
Companies Covered
(Covid 19 Impact Covered)
◍ Xebec
◍ The Linde Group
◍ NSSMC
◍ Hydrogenics
◍ Air Products
◍ Universal Industrial Gases
The industrial hydrogen market features key players like Xebec, The Linde Group, NSSMC, Hydrogenics, Air Products, and Universal Industrial Gases. These companies enhance market growth through innovative technologies, strategic partnerships, and diversified applications, contributing to increased production capacity and expanded hydrogen infrastructure. Sales revenue highlights include:
- Air Products: $9 billion
- The Linde Group: $27 billion
- Hydrogenics: $60 million
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Market Segmentation
By Application
Chemical
Fuel
Other
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By Product
PurityAbove 99%
PurityAbove 99.5%
PurityAbove 99.95%
Market Growth
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$ X Billion USD
