Industry: Chemical & Material
Published Date: 2025-02-24
Pages: 130 Pages
Report ld: 4210921
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Hydrogen Gas Market Size(US$)

CAGR 2025-2031
2.7%
Market Size,2031
USD 234,780
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Hydrogen Gas was estimated to be worth US$ 195350 million in 2024 and is forecast to a readjusted size of US$ 234780 million by 2031 with a CAGR of 2.7% during the forecast period 2025-2031.
Hydrogen (H2) gas is an odourless and tasteless gas that is mainly produced through natural gas steam reforming or the electrolysis of water. Lighter than air, it burns with an invisible, clean (carbon-free and soot-free) flame. It is the only fuel gas that does not contain any carbon atoms.
Hydrogen produced through renewable-powered electrolysis is used as a fuel in vehicles, or it is stored and used later in fuel cells to generate electricity. Furthermore, some of the major countries, such as Germany, Japan, and the U.S., are looking to adopt hydrogen as transportation fuel over conventional fossil fuels, which would boost the market growth in the forecast period. The timetable for the global ban on the sale of fuel vehicles has been clear, which will promote the development of new energy vehicles. Hydrogen energy vehicles are an important branch. Hydrogen is an environmentally friendly gas and also a friendly fuel. With strict restrictions on carbon emissions in various countries, it will stimulate hydrogen as an environmentally friendly energy source.
This report aims to provide a comprehensive presentation of the global market for Hydrogen Gas, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Hydrogen Gas by region & country, by Type, and by Application.
The Hydrogen Gas market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hydrogen Gas.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Hydrogen Gas manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Hydrogen Gas in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Hydrogen Gas in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Hydrogen Gas Product Introduction
1.2 Global Hydrogen Gas Market Size Forecast
1.2.1 Global Hydrogen Gas Sales Value (2020-2031)
1.2.2 Global Hydrogen Gas Sales Volume (2020-2031)
1.2.3 Global Hydrogen Gas Sales Price (2020-2031)
1.3 Hydrogen Gas Market Trends & Drivers
1.3.1 Hydrogen Gas Industry Trends
1.3.2 Hydrogen Gas Market Drivers & Opportunity
1.3.3 Hydrogen Gas Market Challenges
1.3.4 Hydrogen Gas Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Hydrogen Gas Players Revenue Ranking (2024)
2.2 Global Hydrogen Gas Revenue by Company (2020-2025)
2.3 Global Hydrogen Gas Players Sales Volume Ranking (2024)
2.4 Global Hydrogen Gas Sales Volume by Company Players (2020-2025)
2.5 Global Hydrogen Gas Average Price by Company (2020-2025)
2.6 Key Manufacturers Hydrogen Gas Manufacturing Base and Headquarters
2.7 Key Manufacturers Hydrogen Gas Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Hydrogen Gas
2.9 Hydrogen Gas Market Competitive Analysis
2.9.1 Hydrogen Gas Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Hydrogen Gas Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Hydrogen Gas as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Captive Hydrogen
3.1.2 Merchant Hydrogen
3.2 Global Hydrogen Gas Sales Value by Type
3.2.1 Global Hydrogen Gas Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Hydrogen Gas Sales Value, by Type (2020-2031)
3.2.3 Global Hydrogen Gas Sales Value, by Type (%) (2020-2031)
3.3 Global Hydrogen Gas Sales Volume by Type
3.3.1 Global Hydrogen Gas Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Hydrogen Gas Sales Volume, by Type (2020-2031)
3.3.3 Global Hydrogen Gas Sales Volume, by Type (%) (2020-2031)
3.4 Global Hydrogen Gas Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Oil Refining
4.1.2 Ammonia Production
4.1.3 Methanol Production
4.1.4 Steel Production
4.1.5 Others
4.2 Global Hydrogen Gas Sales Value by Application
4.2.1 Global Hydrogen Gas Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Hydrogen Gas Sales Value, by Application (2020-2031)
4.2.3 Global Hydrogen Gas Sales Value, by Application (%) (2020-2031)
4.3 Global Hydrogen Gas Sales Volume by Application
4.3.1 Global Hydrogen Gas Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Hydrogen Gas Sales Volume, by Application (2020-2031)
4.3.3 Global Hydrogen Gas Sales Volume, by Application (%) (2020-2031)
4.4 Global Hydrogen Gas Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Hydrogen Gas Sales Value by Region
5.1.1 Global Hydrogen Gas Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Hydrogen Gas Sales Value by Region (2020-2025)
5.1.3 Global Hydrogen Gas Sales Value by Region (2026-2031)
5.1.4 Global Hydrogen Gas Sales Value by Region (%), (2020-2031)
5.2 Global Hydrogen Gas Sales Volume by Region
5.2.1 Global Hydrogen Gas Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Hydrogen Gas Sales Volume by Region (2020-2025)
5.2.3 Global Hydrogen Gas Sales Volume by Region (2026-2031)
5.2.4 Global Hydrogen Gas Sales Volume by Region (%), (2020-2031)
5.3 Global Hydrogen Gas Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Hydrogen Gas Sales Value, 2020-2031
5.4.2 North America Hydrogen Gas Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Hydrogen Gas Sales Value, 2020-2031
5.5.2 Europe Hydrogen Gas Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Hydrogen Gas Sales Value, 2020-2031
5.6.2 Asia Pacific Hydrogen Gas Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Hydrogen Gas Sales Value, 2020-2031
5.7.2 South America Hydrogen Gas Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Hydrogen Gas Sales Value, 2020-2031
5.8.2 Middle East & Africa Hydrogen Gas Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Hydrogen Gas Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Hydrogen Gas Sales Value
6.2.1 Key Countries/Regions Hydrogen Gas Sales Value, 2020-2031
6.2.2 Key Countries/Regions Hydrogen Gas Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Hydrogen Gas Sales Value, 2020-2031
6.3.2 United States Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Hydrogen Gas Sales Value, 2020-2031
6.4.2 Europe Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Hydrogen Gas Sales Value, 2020-2031
6.5.2 China Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.5.3 China Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Hydrogen Gas Sales Value, 2020-2031
6.6.2 Japan Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Hydrogen Gas Sales Value, 2020-2031
6.7.2 South Korea Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Hydrogen Gas Sales Value, 2020-2031
6.8.2 Southeast Asia Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Hydrogen Gas Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Hydrogen Gas Sales Value, 2020-2031
6.9.2 India Hydrogen Gas Sales Value by Type (%), 2024 VS 2031
6.9.3 India Hydrogen Gas Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Linde Group
7.1.1 Linde Group Company Information
7.1.2 Linde Group Introduction and Business Overview
7.1.3 Linde Group Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Linde Group Hydrogen Gas Product Offerings
7.1.5 Linde Group Recent Development
7.2 Air Liquide
7.2.1 Air Liquide Company Information
7.2.2 Air Liquide Introduction and Business Overview
7.2.3 Air Liquide Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Air Liquide Hydrogen Gas Product Offerings
7.2.5 Air Liquide Recent Development
7.3 Air Products
7.3.1 Air Products Company Information
7.3.2 Air Products Introduction and Business Overview
7.3.3 Air Products Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Air Products Hydrogen Gas Product Offerings
7.3.5 Air Products Recent Development
7.4 Air Water
7.4.1 Air Water Company Information
7.4.2 Air Water Introduction and Business Overview
7.4.3 Air Water Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Air Water Hydrogen Gas Product Offerings
7.4.5 Air Water Recent Development
7.5 Taiyo Nippon Sanso
7.5.1 Taiyo Nippon Sanso Company Information
7.5.2 Taiyo Nippon Sanso Introduction and Business Overview
7.5.3 Taiyo Nippon Sanso Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Taiyo Nippon Sanso Hydrogen Gas Product Offerings
7.5.5 Taiyo Nippon Sanso Recent Development
7.6 Messer Group
7.6.1 Messer Group Company Information
7.6.2 Messer Group Introduction and Business Overview
7.6.3 Messer Group Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Messer Group Hydrogen Gas Product Offerings
7.6.5 Messer Group Recent Development
7.7 Yinde Gas
7.7.1 Yinde Gas Company Information
7.7.2 Yinde Gas Introduction and Business Overview
7.7.3 Yinde Gas Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Yinde Gas Hydrogen Gas Product Offerings
7.7.5 Yinde Gas Recent Development
7.8 Meijin Energy
7.8.1 Meijin Energy Company Information
7.8.2 Meijin Energy Introduction and Business Overview
7.8.3 Meijin Energy Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Meijin Energy Hydrogen Gas Product Offerings
7.8.5 Meijin Energy Recent Development
7.9 Donghua Energy
7.9.1 Donghua Energy Company Information
7.9.2 Donghua Energy Introduction and Business Overview
7.9.3 Donghua Energy Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Donghua Energy Hydrogen Gas Product Offerings
7.9.5 Donghua Energy Recent Development
7.10 Sinopec
7.10.1 Sinopec Company Information
7.10.2 Sinopec Introduction and Business Overview
7.10.3 Sinopec Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Sinopec Hydrogen Gas Product Offerings
7.10.5 Sinopec Recent Development
7.11 Huachang Chemical
7.11.1 Huachang Chemical Company Information
7.11.2 Huachang Chemical Introduction and Business Overview
7.11.3 Huachang Chemical Hydrogen Gas Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Huachang Chemical Hydrogen Gas Product Offerings
7.11.5 Huachang Chemical Recent Development
8 Industry Chain Analysis
8.1 Hydrogen Gas Industrial Chain
8.2 Hydrogen Gas Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Hydrogen Gas Sales Model
8.5.2 Sales Channel
8.5.3 Hydrogen Gas Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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