Hydrogen Hubs Market Size and Share Analysis by Industry (Automotive, Aviation, Marine), Supply Technique (SMR, Electrolysis), End Use (Liquid Hydrogen, Hydrogen Fuel Cell) - Global Industry Revenue Estimation and Demand Forecast to 2030
The hydrogen hubs market was valued at USD 2,120.8 million in 2023, and it will increase to USD 7,162.0 million, advancing at a 19.2% compound annual growth rate, by 2030.
The growth of the industry is because of the worldwide initiatives to achieve environmental goals and reduce emissions.
The government's devotion to tackling climate change largely drives the need for hydrogen, which is identified for its low carbon footprint and versatility. This has resulted in substantial funding for hydrogen projects and a helpful regulatory framework.
Various businesses are accepting sustainability goals with obligations to reduce their carbon footprint. Green hydrogen is employed as a tactical tool by businesses to meet these targets.
Consumer preferences and business strategies are shifting because of the rising worry regarding environmental challenges and climate change. Accordingly, the need for more sustainable and cleaner energy solutions is rising.
The rising need for liquid H2 as well as fuel cells that use it to make electricity is a major factor for the industry expansion.
Hydrogen fuel cells are important for offering backup power to establishments and powering various automobiles, such as trains, cars, and buses.
The effectiveness and environmental advantages of fuel cells act as the key drivers for the utilization of hydrogen as a clean source of energy.
Market Insights
APAC will advance at a compound annual growth rate of 22% in the years to come. This will be because of the robust efforts of governments to utilize sustainable fuels as well as to reduce carbon emissions.
Governments in this region are gradually acknowledging the role of hydrogen in addressing environmental issues and achieving long-term sustainability goals.
Funds in this region to establish comprehensive H2 hubs with an emphasis on blue and green generation methods are rising.
APAC is a key participant in improving the hydrogen economy, which has been increased by tactical initiatives toward greener energy.
For this, nations are developing a more sustainable and low-carbon energy sector.
The automotive category is likely to propel at a 20% CAGR during this decade. This is because of the increasing sale of FCEVs driven by H2. The improvements in fuel cell stack technology are also assisting the category expansion.
Hydrogen fuel cell automobile production is increasing because of the investments by key vehicle manufacturers in this technology.
The electrolysis category is the largest contributor to the industry. This is ascribed to the strong emphasis on reducing carbon emissions and meeting sustainability aims, which further increased the need for green hydrogen generated in electrolysis fueled by renewable energy.
The integration of solar and wind power into the hydrogen generation procedure lines up with the wide objectives of renewable energy incorporation.
Electrolysis is often integrated into hydrogen centers, which serve as integrated facilities for the generation, storing, and supply of the fuel.
The hydrogen hubs industry observes strong competition among key energy establishments, technology providers, and emerging players.
Companies that are ahead in the invention, hold substantial patents, and have established robust business connections have the possibility for success in the future.
Table of Contents
Chapter 1. Research Scope
1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
1.4.1. Market size breakdown, by industry
1.4.2. Market size breakdown, by supply technique
1.4.3. Market size breakdown, by end use
1.4.4. Market size breakdown, by region
1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
1.5.1. Value
1.6. Key Stakeholders
Chapter 2. Research Methodology
2.1. Secondary Research
2.1.1. Paid
2.1.2. Unpaid
2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Voice of Industry Experts/KOLs
Chapter 5. Market Indicators
Chapter 6. Industry Outlook
6.1. Market Dynamics
6.1.1. Trends
6.1.2. Drivers
6.1.3. Restraints/challenges
6.1.4. Impact analysis of drivers/restraints
6.2. Impact of COVID-19
6.3. Porter's Five Forces Analysis
6.3.1. Bargaining power of buyers
6.3.2. Bargaining power of suppliers
6.3.3. Threat of new entrants
6.3.4. Intensity of rivalry
6.3.5. Threat of substitutes
6.4. Value Chain Analysis
6.5. Technology Analysis
6.6. Regulatory Framework
Chapter 7. Competitive Landscape
7.1. List of Market Players and their Offerings
7.2. Competitive Benchmarking of Key Players
7.3. Product Benchmarking of Key Players
7.4. Recent Strategic Developments
7.5. Investment by Players
Chapter 8. Global Market
8.1. Overview
8.2. Market Revenue, by Industry (2017-2030)
8.3. Market Revenue, by Supply Technique (2017-2030)
8.4. Market Revenue, by End Use (2017-2030)
8.5. Market Revenue, by Region (2017-2030)
Chapter 9. North America Market
9.1. Overview
9.2. Market Revenue, by Industry (2017-2030)
9.3. Market Revenue, by Supply Technique (2017-2030)
9.4. Market Revenue, by End Use (2017-2030)
9.5. Market Revenue, by Country (2017-2030)
Chapter 10. Europe Market
10.1. Overview
10.2. Market Revenue, by Industry (2017-2030)
10.3. Market Revenue, by Supply Technique (2017-2030)
10.4. Market Revenue, by End Use (2017-2030)
10.5. Market Revenue, by Country (2017-2030)
Chapter 11. APAC Market
11.1. Overview
11.2. Market Revenue, by Industry (2017-2030)
11.3. Market Revenue, by Supply Technique (2017-2030)
11.4. Market Revenue, by End Use (2017-2030)
11.5. Market Revenue, by Country (2017-2030)
Chapter 12. LATAM Market
12.1. Overview
12.2. Market Revenue, by Industry (2017-2030)
12.3. Market Revenue, by Supply Technique (2017-2030)
12.4. Market Revenue, by End Use (2017-2030)
12.5. Market Revenue, by Country (2017-2030)
Chapter 13. MEA Market
13.1. Overview
13.2. Market Revenue, by Industry (2017-2030)
13.3. Market Revenue, by Supply Technique (2017-2030)
13.4. Market Revenue, by End Use (2017-2030)
13.5. Market Revenue, by Country (2017-2030)
Chapter 14. U.S. Market
14.1. Overview
14.2. Market Revenue, by Industry (2017-2030)
14.3. Market Revenue, by Supply Technique (2017-2030)
14.4. Market Revenue, by End Use (2017-2030)
Chapter 15. Canada Market
15.1. Overview
15.2. Market Revenue, by Industry (2017-2030)
15.3. Market Revenue, by Supply Technique (2017-2030)
15.4. Market Revenue, by End Use (2017-2030)
Chapter 16. Germany Market
16.1. Overview
16.2. Market Revenue, by Industry (2017-2030)
16.3. Market Revenue, by Supply Technique (2017-2030)
16.4. Market Revenue, by End Use (2017-2030)
Chapter 17. France Market
17.1. Overview
17.2. Market Revenue, by Industry (2017-2030)
17.3. Market Revenue, by Supply Technique (2017-2030)
17.4. Market Revenue, by End Use (2017-2030)
Chapter 18. U.K. Market
18.1. Overview
18.2. Market Revenue, by Industry (2017-2030)
18.3. Market Revenue, by Supply Technique (2017-2030)
18.4. Market Revenue, by End Use (2017-2030)
Chapter 19. Italy Market
19.1. Overview
19.2. Market Revenue, by Industry (2017-2030)
19.3. Market Revenue, by Supply Technique (2017-2030)
19.4. Market Revenue, by End Use (2017-2030)
Chapter 20. Spain Market
20.1. Overview
20.2. Market Revenue, by Industry (2017-2030)
20.3. Market Revenue, by Supply Technique (2017-2030)
20.4. Market Revenue, by End Use (2017-2030)
Chapter 21. China Market
21.1. Overview
21.2. Market Revenue, by Industry (2017-2030)
21.3. Market Revenue, by Supply Technique (2017-2030)
21.4. Market Revenue, by End Use (2017-2030)
Chapter 22. Japan Market
22.1. Overview
22.2. Market Revenue, by Industry (2017-2030)
22.3. Market Revenue, by Supply Technique (2017-2030)
22.4. Market Revenue, by End Use (2017-2030)
Chapter 23. India Market
23.1. Overview
23.2. Market Revenue, by Industry (2017-2030)
23.3. Market Revenue, by Supply Technique (2017-2030)
23.4. Market Revenue, by End Use (2017-2030)
Chapter 24. South Korea Market
24.1. Overview
24.2. Market Revenue, by Industry (2017-2030)
24.3. Market Revenue, by Supply Technique (2017-2030)
24.4. Market Revenue, by End Use (2017-2030)
Chapter 25. Australia Market
25.1. Overview
25.2. Market Revenue, by Industry (2017-2030)
25.3. Market Revenue, by Supply Technique (2017-2030)
25.4. Market Revenue, by End Use (2017-2030)
Chapter 26. Brazil Market
26.1. Overview
26.2. Market Revenue, by Industry (2017-2030)
26.3. Market Revenue, by Supply Technique (2017-2030)
26.4. Market Revenue, by End Use (2017-2030)
Chapter 27. Mexico Market
27.1. Overview
27.2. Market Revenue, by Industry (2017-2030)
27.3. Market Revenue, by Supply Technique (2017-2030)
27.4. Market Revenue, by End Use (2017-2030)
Chapter 28. Saudi Arabia Market
28.1. Overview
28.2. Market Revenue, by Industry (2017-2030)
28.3. Market Revenue, by Supply Technique (2017-2030)
28.4. Market Revenue, by End Use (2017-2030)
Chapter 29. South Africa Market
29.1. Overview
29.2. Market Revenue, by Industry (2017-2030)
29.3. Market Revenue, by Supply Technique (2017-2030)
29.4. Market Revenue, by End Use (2017-2030)
Chapter 30. U.A.E. Market
30.1. Overview
30.2. Market Revenue, by Industry (2017-2030)
30.3. Market Revenue, by Supply Technique (2017-2030)