The global Hydrogen Infrastructure market is projected to grow at a CAGR of 22.7% by 2034
The Hydrogen Infrastructure Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Government Policies and Incentives Propel Hydrogen Infrastructure Development
One of the primary drivers of the global hydrogen infrastructure market is the implementation of supportive government policies and incentives. Various countries are increasingly recognising the potential of hydrogen as a clean energy source and are introducing favourable policies to encourage its adoption. For example, the European Union has launched the European Clean Hydrogen Alliance, aiming to facilitate large-scale deployment of hydrogen technologies by 2030.
Additionally, the United States has the Hydrogen Energy Earthshot initiative, which aims to reduce the cost of clean hydrogen by 80% by 2030. These initiatives typically include subsidies, tax credits, and grants for hydrogen infrastructure projects, making it financially viable for companies to invest in hydrogen production, storage, and distribution facilities. The direct impact of these policies is seen in the rapid expansion of hydrogen refuelling stations and the development of hydrogen production plants across various regions.
The Cost of Hydrogen is Higher Than Conventional Energy Options
The cost of hydrogen production remains a significant restraining factor in the market's growth trajectory. One primary challenge is that the cost of hydrogen is higher compared to conventional energy options, presenting a substantial financial constraint for both producers and consumers. The process of producing hydrogen, particularly through methods like electrolysis or steam methane reforming, requires significant energy input, which contributes to its high cost. Additionally, infrastructure costs for hydrogen storage, transportation, and distribution further add to the overall expense. This elevated cost of hydrogen makes it less competitive with conventional fossil fuels, deterring widespread adoption across various sectors.
What Questions Should You Ask before Buying a Market Research Report?
How is the hydrogen infrastructure market evolving?
What is driving and restraining the hydrogen infrastructure market?
How will each hydrogen infrastructure submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each hydrogen infrastructure submarket develop from 2024 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading hydrogen infrastructure markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the hydrogen infrastructure projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of hydrogen infrastructure projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the hydrogen infrastructure market?
Where is the hydrogen infrastructure market heading and how can you ensure you are at the forefront of the market?
What are the best investment options for new product and service lines?
What are the key prospects for moving companies into a new growth path and C-suite?
You need to discover how this will impact the hydrogen infrastructure market today, and over the next 10 years:
Our 433-page report provides 132 tables and 213 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the hydrogen infrastructure market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints and challenges), cost structure, impact of rising hydrogen infrastructure prices and recent developments.
This report includes data analysis and invaluable insight into how COVID-19 will affect the industry and your company. Four COVID-19 recovery patterns and their impact, namely, "V", "L", "W" and "U" are discussed in this report.
Segments Covered in the Report
Market Segment by Size
Small/Mid-Scale Infrastructure
Large Scale Infrastructure
Market Segment by Purity
High Purity Hydrogen (99.999%)
Medium Purity Hydrogen (95-99%)
Low Purity Hydrogen (Below 95%)
Market Segment by Component
Electrolysers
Hydrogen Tanks
Pipelines
Hydrogen Dispensers
Market Segment by Type
Hydrogen Production Facilities
Hydrogen Storage Facilities
Hydrogen Transportation Infrastructure
Hydrogen Refuelling Stations
Other Infrastructures
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for four regional and 20 leading national markets:
North America
U.S.
Canada
Europe
Germany
Spain
United Kingdom
France
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
The report also includes profiles and for some of the leading companies in the Hydrogen Infrastructure Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
Air Liquide SA
Air Products and Chemicals, Inc.
Ballard Power Systems Inc.
Cummins Inc.
Engie SA
Fuel Cell Energy, Inc.
H2 MOBILITY Deutschland GmbH & Co. KG
ITM Power plc
Kawasaki Heavy Industries, Ltd.
Linde plc
McPhy Energy SA
Mitsubishi Power, Ltd
Nel ASA
Plug Power Inc.
Siemens Energy AG
Overall world revenue for Hydrogen Infrastructure Market, 2024 to 2034 in terms of value the market will surpass US$6.71 billion in 2024, our work calculates. We predict strong revenue growth through to 2034. Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Hydrogen Infrastructure Market, 2024 to 2034 report help you?
In summary, our 430+ page report provides you with the following knowledge:
Revenue forecasts to 2034 for Hydrogen Infrastructure Market, 2024 to 2034 Market, with forecasts for size, purity, component, type, and end-use, each forecast at a global and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue forecasts to 2034 for four regional and 20 key national markets - See forecasts for the Hydrogen Infrastructure Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Also forecasted is the market in the US, Canada, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Hydrogen Infrastructure Market, 2024 to 2034.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Hydrogen Infrastructure Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Hydrogen Infrastructure Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who Is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Wide Application of Hydrogen Driving the Market Growth
3.2.1.2 Hydrogen Offers a Decarbonization Solution Driving the Market Growth
3.2.1.3 Green Hydrogen and the Digital Transformation of the Energy Industry Driving the Market Growth
3.2.2 Market Restraining Factors
3.2.2.1 The Cost of Hydrogen is Higher Than Conventional Energy Options
3.2.2.2 Limited Understanding of the Design Practices and unskilled Labour can restrain the Market Growth
3.2.2.3 Energy Losses Hinder the Market Growth
3.2.3 Market Opportunities
3.2.3.1 Rising Investment and Collaboration in Hydrogen Market Opportunities for the Market Players
3.2.3.2 Governments Worldwide are Implementing Policies and Incentives to Promote the Adoption of Green Hydrogen
3.2.3.3 International Climate Agreements Opportunities for the Market Growth
3.3 Porter's Five Forces Analysis
3.3.1 Bargaining Power of Suppliers (Low to Medium)
3.3.2 Bargaining Power of Buyers (Medium to High)
3.3.3 Competitive Rivalry (Medium to High)
3.3.4 Threat from Substitutes (Low)
3.3.5 Threat of New Entrants (High)
3.4 COVID-19 Impact Analysis
3.4.1 "V-Shaped Recovery"
3.4.2 "U-Shaped Recovery"
3.4.3 "W-Shaped Recovery"
3.4.4 "L-Shaped Recovery"
3.5 PEST Analysis
4 Hydrogen Infrastructure Market Analysis by Size
4.1 Key Findings
4.2 Size Segment: Market Attractiveness Index
4.3 Hydrogen Infrastructure Market Size Estimation and Forecast by Size
4.4 Small/Mid-Scale Infrastructure
4.4.1 Market Size by Region, 2024-2034 (US$ Billion)
4.4.2 Market Share by Region, 2024 & 2034 (%)
4.5 Large Scale Infrastructure
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
5 Hydrogen Infrastructure Market Analysis by Purity
5.1 Key Findings
5.2 Purity Segment: Market Attractiveness Index
5.3 Hydrogen Infrastructure Market Size Estimation and Forecast by Purity
5.4 High Purity Hydrogen (99.999%)
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Medium Purity Hydrogen (95-99%)
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
5.6 Low Purity Hydrogen (Below 95%)
5.6.1 Market Size by Region, 2024-2034 (US$ Billion)
5.6.2 Market Share by Region, 2024 & 2034 (%)
6 Hydrogen Infrastructure Market Analysis by Component
6.1 Key Findings
6.2 Component Segment: Market Attractiveness Index
6.3 Hydrogen Infrastructure Market Size Estimation and Forecast by Component
6.4 Electrolysers
6.4.1 Market Size by Region, 2024-2034 (US$ Billion)
6.4.2 Market Share by Region, 2024 & 2034 (%)
6.5 Hydrogen Tanks
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Pipelines
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Hydrogen Dispensers
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
7 Hydrogen Infrastructure Market Analysis by Type
7.1 Key Findings
7.2 Type Segment: Market Attractiveness Index
7.3 Hydrogen Infrastructure Market Size Estimation and Forecast by Type
7.4 Hydrogen Production Facilities
7.4.1 Market Size by Region, 2024-2034 (US$ Billion)
7.4.2 Market Share by Region, 2024 & 2034 (%)
7.5 Hydrogen Storage Facilities
7.5.1 Market Size by Region, 2024-2034 (US$ Billion)
7.5.2 Market Share by Region, 2024 & 2034 (%)
7.6 Hydrogen Transportation Infrastructure
7.6.1 Market Size by Region, 2024-2034 (US$ Billion)
7.6.2 Market Share by Region, 2024 & 2034 (%)
7.7 Hydrogen Refuelling Stations
7.7.1 Market Size by Region, 2024-2034 (US$ Billion)
7.7.2 Market Share by Region, 2024 & 2034 (%)
7.8 Other Infrastructures
7.8.1 Market Size by Region, 2024-2034 (US$ Billion)
7.8.2 Market Share by Region, 2024 & 2034 (%)
8 Hydrogen Infrastructure Market Analysis by End-Use
8.1 Key Findings
8.2 End-Use Segment: Market Attractiveness Index
8.3 Hydrogen Infrastructure Market Size Estimation and Forecast by End-Use
8.4 Transportation
8.4.1 Market Size by Region, 2024-2034 (US$ Million)
8.4.2 Market Share by Region, 2024 & 2034 (%)
8.5 Industrial
8.5.1 Market Size by Region, 2024-2034 (US$ Million)
8.5.2 Market Share by Region, 2024 & 2034 (%)
8.6 Energy Storage
8.6.1 Market Size by Region, 2024-2034 (US$ Million)
8.6.2 Market Share by Region, 2024 & 2034 (%)
8.7 Residential and Commercial Heating
8.7.1 Market Size by Region, 2024-2034 (US$ Million)
8.7.2 Market Share by Region, 2024 & 2034 (%)
8.8 Energy Conversion
8.8.1 Market Size by Region, 2024-2034 (US$ Million)
8.8.2 Market Share by Region, 2024 & 2034 (%)
8.9 Other End-Use
8.9.1 Market Size by Region, 2024-2034 (US$ Million)
8.9.2 Market Share by Region, 2024 & 2034 (%)
9 Hydrogen Infrastructure Market Analysis by Region
9.1 Key Findings
9.2 Regional Market Size Estimation and Forecast
10 North America Hydrogen Infrastructure Market Analysis
10.1 Key Findings
10.2 North America Hydrogen Infrastructure Market Attractiveness Index
10.3 North America Hydrogen Infrastructure Market by Country, 2024, 2029 & 2034 (US$ Billion)
10.4 North America Hydrogen Infrastructure Market Size Estimation and Forecast
10.5 North America Hydrogen Infrastructure Market Size Estimation and Forecast by Country
10.6 North America Hydrogen Infrastructure Market Size Estimation and Forecast by Size
10.7 North America Hydrogen Infrastructure Market Size Estimation and Forecast by Purity
10.8 North America Hydrogen Infrastructure Market Size Estimation and Forecast by Component
10.9 North America Hydrogen Infrastructure Market Size Estimation and Forecast by Type
10.10 North America Hydrogen Infrastructure Market Size Estimation and Forecast by End-Use
10.11 U.S. Hydrogen Infrastructure Market Analysis