조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년01월
Hydrogen Hubs Market – Global Forecast to 2030
수소 허브 (Hydrogen Hub) 시장 : 산업 (자동차, 항공, 선박), 공급 기술 (SMR, 전기 분해), 최종 용도 (액체 수소, 수소 연료 전지), 지역 (북미, 유럽, APAC, MEA, 라틴 아메리카) – 2030 년까지 세계 예측
Hydrogen Hubs Market by Industry (Automotive, Aviation, Marine), Supply Technique (SMR, Electrolysis), End Use (Liquid Hydrogen, Hydrogen Fuel Cell) & Region (North America, Europe, APAC, MEA, & Latin America) – Global Forecast to 2030
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Report Overview
The hydrogen hubs market is valued at USD 1.8 billion in 2023 and is projected to reach USD 5.9 billion by 2030, at a CAGR of 18.6% from 2023 to 2030. The hydrogen hub market is witnessing substantial growth driven by the emergence of vertically integrated hydrogen infrastructure. These facilities, encompassing production, storage, and distribution, optimize the hydrogen supply chain. Increased spending on hydrogen infrastructure further fuels market expansion, positioning hydrogen hubs as pivotal players in the evolving landscape of clean energy solutions.
Based on industry, the automotive segment will register the highest growth during the forecast period.
Based on industry, the hydrogen hubs market is segmented into automotive, aviation, marine, and others, which includes defense and space. The automotive industry is expected to be a key demand area for hub based hydrogen as the adoption of fuel cells in mobility continues to accelerate. The automotive segment is expected to grow from USD 1.05 billion in 2023 and is projected to reach USD 3.9 billion by 2030, at a CAGR of 20.6% during the forecast period.
Based on supply technique, the electrolysis segment will register the highest growth during the forecast period.
Based on supply technique, the hydrogen hub market is segmented into steam methane reforming (SMR) and electrolysis segments. Of these segments, electrolysis is expected to have the highest growth from USD 1.1 billion in 2023 to USD 3.7 billion in 2030, registering a CAGR of 18.7%. Steam methane reforming (SMR) and electrolysis stand out as the two primary methods for hydrogen production within hydrogen hubs, particularly in the context of blue and green hydrogen. SMR, commonly associated with blue hydrogen, involves the reaction of natural gas with steam to produce hydrogen and carbon dioxide. Although it is a well-established and cost-effective process, the associated carbon emissions necessitate carbon capture and storage (CCS) for environmental sustainability. On the other hand, electrolysis, linked to green hydrogen, utilizes renewable energy to split water into hydrogen and oxygen. While offering a cleaner alternative, electrolysis faces challenges related to high energy costs and the need for significant renewable energy infrastructure. The choice between these methods reflects the ongoing industry debate regarding trade-offs between cost efficiency and environmental impact in the pursuit of a sustainable hydrogen economy.
Based on end use form, liquid hydrogen and fuel cells are the primary products that hydrogen hubs are expected to produce as more hydrogen hubs are developed.
Based in end-use, hydrogen hubs market are segmented into liquid hydrogen and hydrogen fuel cells, which are the primary products from these hubs. Both of these end products—hydrogen fuel cells and liquid hydrogen – have diverse applications within the clean energy sector. Hydrogen fuel cells play a crucial role in powering various transport modes, including automobiles, buses, and trains, as well as providing backup power for industries. The fuel cells’ efficiency and environmental benefits make them a key driver for the adoption of hydrogen as a clean energy source. Simultaneously, the production of liquid hydrogen is integral for efficient storage and transportation, especially for long-distance supply chains and applications in industries such as aerospace. The strategic integration of these end products from regional hydrogen hubs reflects the comprehensive approach to harnessing hydrogen’s potential across different sectors, contributing to a more sustainable and integrated energy ecosystem.
Based on regions, the Asia Pacific region is estimated to have the highest growth during the forecast period.
The Asia Pacific region is estimated to account for the largest share of the hydrogen hubs market in 2023. The growth of the region is attributed to the rapid developments in alternative energy and fuel technologies to wean away from fossil fuel based energy consumption. This is enhanced by the development of renewable energy propulsion systems for automobiles, ships and aviation segments, which are expected to use hydrogen or hydrogen based duel sources as a primary propellant.
The break-up of the profile of primary participants in the H2H market:
• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: C Level – 35%, Director Level – 25%, and Others – 40%
• By Region: North America – 25%, Europe – 15%, Asia Pacific – 45%, Middle East& Africa- 10%, Latin America – 5%
Major companies profiled in the report include ARAMCO (Saudi Arabia), AIRBUS (Netherlands), Linde plc (UK), Shell plc(UK) and Sinopec(China), among others.
Research Coverage:
This market study covers the hydrogen hub market across various segments and subsegments. It aims to estimate this market’s size and growth potential across different parts based on size, operational orbits, application, component, end user, and region. This study also includes an in-depth competitive analysis of the key players in the market, their company profiles, key observations related to their product and business offerings, recent developments, and key market strategies they adopted.
Reasons to buy this report:
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall hydrogen hubs market. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. The hydrogen hubs market is experiencing substantial growth, primarily driven by the exchange of real-time information. The increasing trend toward international cooperation and joint operations among nations is fostering demand for hydrogen hubs, contributing to regional and global stability.
The report provides insights on the following pointers:
• Market Drivers: Market Drivers such as increasing public and private investments in hydrogen and hydrogen fuel cell technologies among other drivers covered in the report.
• Market Penetration: Comprehensive information on hydrogen hubs offered by the top players in the market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the hydrogen hubs market
• Market Development: Comprehensive information about lucrative markets – the report analyses the hydrogen hubs market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the hydrogen hubs market
• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the hydrogen hubs market
Table of Contents
1 INTRODUCTION 23
1.1 STUDY OBJECTIVES 23
1.2 MARKET DEFINITION 23
1.3 MARKET SCOPE 24
FIGURE 1 HYDROGEN HUBS MARKET SEGMENTATION 24
1.3.1 REGIONAL SCOPE 24
1.4 YEARS CONSIDERED 25
1.5 INCLUSIONS AND EXCLUSIONS 25
TABLE 1 INCLUSIONS AND EXCLUSIONS 25
1.6 CURRENCY CONSIDERED 25
TABLE 2 USD EXCHANGE RATES 26
1.7 STAKEHOLDERS 26
2 RESEARCH METHODOLOGY 27
2.1 INTRODUCTION 27
FIGURE 2 REPORT PROCESS FLOW 27
FIGURE 3 RESEARCH DESIGN 28
2.1.1 SECONDARY DATA 28
2.1.1.1 Key data from secondary sources 29
2.1.2 PRIMARY DATA 29
2.1.2.1 Key data from primary sources 30
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 30
2.2 FACTOR ANALYSIS 31
2.2.1 INTRODUCTION 31
2.2.2 DEMAND-SIDE INDICATORS 31
2.2.3 SUPPLY-SIDE INDICATORS 32
2.3 MARKET SIZE ESTIMATION AND METHODOLOGY 32
2.3.1 BOTTOM-UP APPROACH 32
FIGURE 5 BOTTOM-UP APPROACH 33
2.3.2 TOP-DOWN APPROACH 33
FIGURE 6 TOP-DOWN APPROACH 33
2.4 DATA TRIANGULATION 34
FIGURE 7 DATA TRIANGULATION 34
2.5 RESEARCH ASSUMPTIONS 35
2.5.1 GROWTH RATE ASSUMPTIONS 35
2.5.2 PARAMETRIC ASSUMPTIONS FOR MARKET FORECAST 35
2.6 RESEARCH LIMITATIONS 36
2.7 RISK ASSESSMENT 36
3 EXECUTIVE SUMMARY 37
FIGURE 8 ELECTROLYSIS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 37
FIGURE 9 AUTOMOTIVE TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD 38
FIGURE 10 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 38
4 PREMIUM INSIGHTS 40
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN HUBS MARKET 40
FIGURE 11 INCREASED FOCUS ON GREEN AND CLEAN ENERGY SOLUTIONS TO DRIVE MARKET 40
4.2 HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE 40
FIGURE 12 ELECTROLYSIS SEGMENT DOMINATED MARKET IN 2023 40
4.3 HYDROGEN HUBS MARKET, BY INDUSTRY 41
FIGURE 13 AUTOMOTIVE INDUSTRY TO LEAD MARKET DURING FORECAST PERIOD 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 42
5.2 MARKET DYNAMICS 42
FIGURE 14 HYDROGEN HUBS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 42
5.2.1 DRIVERS 43
5.2.1.1 Increasing vertical integration of hydrogen production facilities 43
5.2.1.2 Rising public and private investments in hydrogen and associated fuel cell technologies 43
5.2.1.3 Growing development of regional green hydrogen hubs 44
5.2.2 RESTRAINTS 45
5.2.2.1 Infrastructure and production limitations 45
5.2.3 OPPORTUNITIES 45
5.2.3.1 Industrial transition toward green hydrogen 45
5.2.3.2 Widespread adoption of hydrogen-based mobility 45
5.2.4 CHALLENGES 46
5.2.4.1 High production cost and complex storage and transportation 46
5.2.4.2 Low power density of hydrogen fuel cell stacks 46
5.3 RECESSION IMPACT ANALYSIS 47
5.4 INDICATIVE PRICING ANALYSIS 47
FIGURE 15 NUMBER OF ACTIVE HYDROGEN FUELING STATIONS, BY TOP 10 COUNTRIES 48
FIGURE 16 NUMBER OF HYDROGEN-ENABLED MARINE PORTS COMMISSIONED AS OF 2023, BY REGION 48
FIGURE 17 NUMBER OF HYDROGEN-ENABLED AIRPORTS COMMISSIONED AS OF 2023, BY REGION 49
5.5 VALUE CHAIN ANALYSIS 49
FIGURE 18 VALUE CHAIN ANALYSIS 49
5.5.1 R&D 50
5.5.2 INFRASTRUCTURE DEVELOPMENT 50
5.5.3 OPERATIONS 50
5.5.4 POST-PRODUCTION SERVICES 50
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 50
FIGURE 19 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN HYDROGEN HUBS MARKET 50
5.7 ECOSYSTEM ANALYSIS 51
5.7.1 PROMINENT COMPANIES 51
5.7.2 PRIVATE AND SMALL ENTERPRISES 51
5.7.3 END USERS 51
FIGURE 20 ECOSYSTEM MAPPING 51
TABLE 3 ROLE OF PLAYERS IN ECOSYSTEM 52
FIGURE 21 HUB OPERATORS AND DEVELOPERS 53
FIGURE 22 SOLUTION PROVIDERS 53
5.8 TECHNOLOGY ANALYSIS 53
5.8.1 ELECTROLYSIS 53
5.8.2 HYDROGEN STORAGE TECHNOLOGIES 53
5.8.3 CARBON CAPTURE, UTILIZATION, AND STORAGE 54
5.9 TECHNOLOGICAL ROADMAP 54
FIGURE 23 EVOLUTION OF HYDROGEN HUBS MARKET: A ROADMAP FROM 2000 TO 2030 54
5.10 ANALYSIS OF NEW BUSINESS MODELS 55
5.10.1 AUTOMOTIVE INDUSTRY: FUEL CELL STACKS AND HYDROGEN REFUELING STATIONS 55
FIGURE 24 NEW BUSINESS MODELS FOR AUTOMOTIVE INDUSTRY BASED ON HYDROGEN HUBS 55
5.10.2 AVIATION INDUSTRY: HYDROGEN FUEL AND FUEL CELL-POWERED AIRCRAFT 56
FIGURE 25 NEW BUSINESS MODELS FOR AVIATION INDUSTRY BASED ON HYDROGEN HUBS 56
5.11 PORTER’S FIVE FORCES ANALYSIS 56
TABLE 4 IMPACT OF PORTER’S FIVE FORCES 57
5.11.1 THREAT OF NEW ENTRANTS 57
5.11.2 THREAT OF SUBSTITUTES 57
5.11.3 BARGAINING POWER OF SUPPLIERS 57
5.11.4 BARGAINING POWER OF BUYERS 57
5.11.5 INTENSITY OF COMPETITIVE RIVALRY 57
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 58
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 58
FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY INDUSTRY 58
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY INDUSTRY (%) 58
5.12.2 BUYING CRITERIA 58
FIGURE 27 KEY BUYING CRITERIA, BY SUPPLY TECHNIQUE 58
TABLE 6 KEY BUYING CRITERIA, BY SUPPLY TECHNIQUE 59
5.13 KEY CONFERENCES AND EVENTS, 2023–2024 59
TABLE 7 KEY CONFERENCES AND EVENTS, 2023–2024 59
5.14 USE CASE ANALYSIS 60
5.14.1 HAMBURG GREEN HYDROGEN HUB 60
5.14.2 IMPROVED HYDROGEN MOBILITY 60
6 INDUSTRY TRENDS 61
6.1 INTRODUCTION 61
6.2 TECHNOLOGY TRENDS 61
6.2.1 HYDROGEN STORAGE 62
6.2.2 AMMONIA CRACKING 62
6.3 IMPACT OF MEGATRENDS 62
6.3.1 ELECTROLYSIS 62
6.3.2 ARTIFICIAL INTELLIGENCE 63
6.3.3 DECARBONIZATION OF SUPPLY CHAIN AND INFRASTRUCTURE 63
6.4 SUPPLY CHAIN ANALYSIS 64
FIGURE 28 SUPPLY CHAIN ANALYSIS 64
6.5 INNOVATIONS AND PATENT ANALYSIS 65
FIGURE 29 LIST OF MAJOR PATENTS RELATED TO HYDROGEN HUBS MARKET 65
TABLE 8 LIST OF PATENTS FOR HYDROGEN HUBS MARKET, 2019–2023 66
6.5.1 TYPES OF HYDROGEN PRODUCED AT HUB FACILITY 71
FIGURE 30 PRODUCTION AND STORAGE OF GREEN AND BLUE HYDROGEN 71
6.5.1.1 Green hydrogen 71
6.5.1.2 Blue hydrogen 72
6.5.2 ON-SITE INFRASTRUCTURE FOR HYDROGEN HUBS 72
FIGURE 31 VERTICALLY INTEGRATED HYDROGEN HUB FACILITIES 72
6.5.2.1 On-site hydrogen production 72
6.5.2.2 On-site hydrogen storage 73
6.5.2.3 On-site hydrogen distribution network 73
6.5.2.4 Hydrogen conversion equipment 73
6.5.3 PRIMARY ENERGY SOURCE FOR HYDROGEN HUBS 73
6.5.3.1 Renewables 73
6.5.3.2 Natural gas 73
6.5.3.3 Others 74
7 HYDROGEN HUBS MARKET, BY INDUSTRY 75
7.1 INTRODUCTION 76
FIGURE 32 HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 76
TABLE 9 HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 76
TABLE 10 HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 76
7.2 AUTOMOTIVE 77
7.2.1 RISING ADOPTION OF FUEL CELL ELECTRIC VEHICLES TO DRIVE MARKET 77
7.3 MARINE 77
7.3.1 ACCESS TO PORT-BASED HYDROGEN SUPPLY FROM COASTAL HUBS TO DRIVE MARKET 77
7.4 AVIATION 78
7.4.1 SEAMLESS INTEGRATION OF HYDROGEN IN EXISTING AIRPORT INFRASTRUCTURE TO DRIVE MARKET 78
7.5 OTHER INDUSTRIES 78
7.5.1 DEFENSE 78
7.5.2 SPACE 79
8 HYDROGEN HUBS MARKET, BY END USE 80
8.1 INTRODUCTION 81
8.2 HYDROGEN FUEL CELLS 81
8.2.1 URGENT NEED FOR CLEAN ENERGY SOLUTIONS TO DRIVE MARKET 81
8.3 LIQUID HYDROGEN 81
8.3.1 COST-EFFECTIVE PRODUCTION PROCESS TO DRIVE MARKET 81
9 HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE 83
9.1 INTRODUCTION 84
FIGURE 33 HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 84
TABLE 11 HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 84
TABLE 12 HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 84
9.2 STEAM METHANE REFORMING 85
9.2.1 SUSTAINABLE PRODUCTION AND STRATEGIC DISTRIBUTION TO DRIVE MARKET 85
9.3 ELECTROLYSIS 85
9.3.1 GLOBAL FOCUS ON GREEN HYDROGEN TO DRIVE MARKET 85
10 HYDROGEN HUBS MARKET, BY REGION 87
10.1 INTRODUCTION 88
FIGURE 34 HYDROGEN HUBS MARKET, BY REGION, 2023–2030 88
10.2 REGIONAL RECESSION IMPACT ANALYSIS 89
TABLE 13 HYDROGEN HUBS MARKET, BY REGION, 2021–2022 (USD MILLION) 89
TABLE 14 HYDROGEN HUBS MARKET, BY REGION, 2023–2030 (USD MILLION) 89
10.3 NORTH AMERICA 90
10.3.1 NORTH AMERICA: PESTLE ANALYSIS 90
10.3.2 NORTH AMERICA: RECESSION IMPACT ANALYSIS 91
FIGURE 35 NORTH AMERICA: HYDROGEN HUBS MARKET SNAPSHOT 92
TABLE 15 NORTH AMERICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 92
TABLE 16 NORTH AMERICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 93
TABLE 17 NORTH AMERICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 93
TABLE 18 NORTH AMERICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 93
10.3.3 US 93
10.3.3.1 Regional Clean Hydrogen Hubs program to drive market 93
10.3.4 CANADA 94
10.3.4.1 Abundant renewable energy resources and government funding to drive market 94
10.4 EUROPE 94
10.4.1 EUROPE: PESTLE ANALYSIS 95
10.4.2 EUROPE: RECESSION IMPACT ANALYSIS 96
FIGURE 36 EUROPE: HYDROGEN HUBS MARKET SNAPSHOT 96
TABLE 19 EUROPE: HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 97
TABLE 20 EUROPE: HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 97
TABLE 21 EUROPE: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 97
TABLE 22 EUROPE: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 97
10.4.3 UK 98
10.4.3.1 Investments in hydrogen-based fuel to drive market 98
10.4.4 GERMANY 98
10.4.4.1 Decarbonization strategy to drive market 98
10.4.5 REST OF EUROPE 98
10.5 ASIA PACIFIC 99
10.5.1 ASIA PACIFIC: PESTLE ANALYSIS 99
10.5.2 ASIA PACIFIC: RECESSION IMPACT ANALYSIS 100
FIGURE 37 ASIA PACIFIC: HYDROGEN HUBS MARKET SNAPSHOT 101
TABLE 23 ASIA PACIFIC: HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 101
TABLE 24 ASIA PACIFIC: HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 102
TABLE 25 ASIA PACIFIC: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 102
TABLE 26 ASIA PACIFIC: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 102
10.5.3 CHINA 102
10.5.3.1 National Hydrogen Energy Standardization Roadmap to drive market 102
10.5.4 JAPAN 103
10.5.4.1 Industrial decarbonization to drive market 103
10.5.5 REST OF ASIA PACIFIC 103
10.6 MIDDLE EAST & AFRICA 104
FIGURE 38 MIDDLE EAST & AFRICA: HYDROGEN HUBS MARKET SNAPSHOT 104
10.6.1 MIDDLE EAST & AFRICA: PESTLE ANALYSIS 105
10.6.2 MIDDLE EAST & AFRICA: RECESSION IMPACT ANALYSIS 106
TABLE 27 MIDDLE EAST & AFRICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 106
TABLE 28 MIDDLE EAST & AFRICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 106
TABLE 29 MIDDLE EAST & AFRICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 107
TABLE 30 MIDDLE EAST & AFRICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 107
10.6.3 SAUDI ARABIA 107
10.6.3.1 Hydrogen Hub Strategy to drive market 107
10.6.4 UAE 107
10.6.4.1 Growing production of blue and green hydrogen to drive market 107
10.6.5 REST OF MIDDLE EAST & AFRICA 108
10.7 LATIN AMERICA 108
FIGURE 39 LATIN AMERICA: HYDROGEN HUBS MARKET SNAPSHOT 109
10.7.1 LATIN AMERICA: PESTLE ANALYSIS 109
10.7.2 LATIN AMERICA: RECESSION IMPACT ANALYSIS 111
TABLE 31 LATIN AMERICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2021–2022 (USD MILLION) 111
TABLE 32 LATIN AMERICA: HYDROGEN HUBS MARKET, BY INDUSTRY, 2023–2030 (USD MILLION) 111
TABLE 33 LATIN AMERICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2021–2022 (USD MILLION) 112
TABLE 34 LATIN AMERICA: HYDROGEN HUBS MARKET, BY SUPPLY TECHNIQUE, 2023–2030 (USD MILLION) 112
10.7.3 CHILE 112
10.7.3.1 Large-scale hydrogen production to drive market 112
10.7.4 ARGENTINA 112
10.7.4.1 National Hydrogen Strategy to drive market 112
10.7.5 REST OF LATIN AMERICA 113
11 COMPETITIVE LANDSCAPE 114
11.1 INTRODUCTION 114
11.2 MARKET RANKING ANALYSIS 114
FIGURE 40 MARKET RANKING OF TOP 5 PLAYERS, 2022 114
11.3 COMPANY EVALUATION MATRIX 116
11.3.1 STARS 116
11.3.2 EMERGING LEADERS 116
11.3.3 PERVASIVE PLAYERS 116
11.3.4 PARTICIPANTS 116
FIGURE 41 COMPANY EVALUATION MATRIX, 2022 117
11.4 COMPANY FOOTPRINT 117
TABLE 35 COMPANY PRODUCT FOOTPRINT 117
TABLE 36 COMPANY FOOTPRINT, BY END USE 118
TABLE 37 COMPANY FOOTPRINT, BY REGION 119
11.5 COMPETITIVE SCENARIO 120
11.5.1 PRODUCT LAUNCHES 120
TABLE 38 PRODUCT LAUNCHES, 2020–2023 120
11.5.2 DEALS 124
TABLE 39 DEALS, 2020–2023 125
12 COMPANY PROFILES 152
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
12.1 INTRODUCTION 152
12.2 KEY PLAYERS 153
12.2.1 LINDE PLC 153
TABLE 40 LINDE PLC: COMPANY OVERVIEW 153
FIGURE 42 LINDE PLC: COMPANY SNAPSHOT 154
TABLE 41 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 154
TABLE 42 LINDE PLC: DEALS 155
12.2.2 SAUDI ARABIAN OIL GROUP (ARAMCO) 157
TABLE 43 SAUDI ARABIAN OIL GROUP (ARAMCO): COMPANY OVERVIEW 157
FIGURE 43 SAUDI ARABIAN OIL GROUP (ARAMCO): COMPANY SNAPSHOT 158
TABLE 44 SAUDI ARABIAN OIL GROUP (ARAMCO): PRODUCTS/SOLUTIONS/SERVICES OFFERED 158
TABLE 45 SAUDI ARABIAN OIL GROUP (ARAMCO): DEALS 159
12.2.3 SHELL PLC 161
TABLE 46 SHELL PLC: COMPANY OVERVIEW 161
FIGURE 44 SHELL PLC: COMPANY SNAPSHOT 162
TABLE 47 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 162
TABLE 48 SHELL PLC: PRODUCT LAUNCHES 163
TABLE 49 SHELL PLC: DEALS 163
12.2.4 SINOPEC CORP. 165
TABLE 50 SINOPEC CORP.: COMPANY OVERVIEW 165
FIGURE 45 SINOPEC CORP.: COMPANY SNAPSHOT 165
TABLE 51 SINOPEC CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 166
TABLE 52 SINOPEC CORP.: PRODUCT LAUNCHES 166
12.2.5 AIRBUS SE 168
TABLE 53 AIRBUS SE: COMPANY OVERVIEW 168
FIGURE 46 AIRBUS SE: COMPANY SNAPSHOT 169
TABLE 54 AIRBUS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 169
TABLE 55 AIRBUS SE: DEALS 170
12.2.6 AIR LIQUIDE SA 172
TABLE 56 AIR LIQUIDE SA: COMPANY OVERVIEW 172
FIGURE 47 AIR LIQUIDE SA: COMPANY SNAPSHOT 173
TABLE 57 AIR LIQUIDE SA: PRODUCT/SOLUTIONS/SERVICES OFFERED 173
TABLE 58 AIR LIQUIDE SA: PRODUCT LAUNCHES 174
TABLE 59 AIR LIQUIDE SA: DEALS 174
12.2.7 AIR PRODUCTS AND CHEMICALS INC. 179
TABLE 60 AIR PRODUCTS AND CHEMICALS INC.: COMPANY OVERVIEW 179
FIGURE 48 AIR PRODUCTS AND CHEMICALS INC.: COMPANY SNAPSHOT 180
TABLE 61 AIR PRODUCTS AND CHEMICALS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 180
TABLE 62 AIR PRODUCTS AND CHEMICALS INC.: DEALS 181
12.2.8 CHEVRON CORPORATION 184
TABLE 63 CHEVRON CORPORATION: COMPANY OVERVIEW 184
FIGURE 49 CHEVRON CORPORATION: COMPANY SNAPSHOT 185
TABLE 64 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 65 CHEVRON CORPORATION: DEALS 186
12.2.9 IWATANI CORPORATION 189
TABLE 66 IWATANI CORPORATION: COMPANY OVERVIEW 189
FIGURE 50 IWATANI CORPORATION: COMPANY SNAPSHOT 189
TABLE 67 IWATANI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 68 IWATANI CORPORATION: DEALS 190
12.2.10 MESSERS GMBH 192
TABLE 69 MESSERS GMBH: COMPANY OVERVIEW 192
TABLE 70 MESSERS GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
TABLE 71 MESSERS GMBH: DEALS 192
12.2.11 BGR ENERGY SYSTEMS LTD. 194
TABLE 72 BGR ENERGY SYSTEMS LTD.: COMPANY OVERVIEW 194
FIGURE 51 BGR ENERGY SYSTEMS LTD.: COMPANY SNAPSHOT 195
TABLE 73 BGR ENERGY SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 74 BGR ENERGY SYSTEMS LTD.: DEALS 196
12.2.12 UNIPER SE 197
TABLE 75 UNIPER SE: COMPANY OVERVIEW 197
FIGURE 52 UNIPER SE: COMPANY SNAPSHOT 197
TABLE 76 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 77 UNIPER SE: DEALS 198
12.2.13 GREENSTAT 199
TABLE 78 GREENSTAT: COMPANY OVERVIEW 199
TABLE 79 GREENSTAT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 80 GREENSTAT: DEALS 200
12.2.14 FUELCELL ENERGY, INC. 202
TABLE 81 FUELCELL ENERGY, INC.: COMPANY OVERVIEW 202
FIGURE 53 FUELCELL ENERGY, INC.: COMPANY SNAPSHOT 202
TABLE 82 FUELCELL ENERGY, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
TABLE 83 FUELCELL ENERGY, INC.: PRODUCT LAUNCHES 203
TABLE 84 FUELCELL ENERGY, INC.: DEALS 204
12.2.15 CUMMINS INC. 207
TABLE 85 CUMMINS INC.: COMPANY OVERVIEW 207
FIGURE 54 CUMMINS INC.: COMPANY SNAPSHOT 207
TABLE 86 CUMMINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
TABLE 87 CUMMINS INC.: PRODUCT LAUNCHES 208
TABLE 88 CUMMINS INC.: DEALS 209
12.2.16 BLOOM ENERGY GROUP 210
TABLE 89 BLOOM ENERGY GROUP: COMPANY OVERVIEW 210
FIGURE 55 BLOOM ENERGY GROUP: COMPANY SNAPSHOT 210
TABLE 90 BLOOM ENERGY GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 91 BLOOM ENERGY GROUP: PRODUCT LAUNCHES 211
TABLE 92 BLOOM ENERGY GROUP: DEALS 212
12.2.17 PLUG POWER INC. 214
TABLE 93 PLUG POWER INC.: COMPANY OVERVIEW 214
FIGURE 56 PLUG POWER INC.: COMPANY SNAPSHOT 214
TABLE 94 PLUG POWER INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 215
TABLE 95 PLUG POWER INC.: DEALS 216
12.2.18 ELEMENT 1 CORP. 220
TABLE 96 ELEMENT 1 CORP.: COMPANY OVERVIEW 220
TABLE 97 ELEMENT 1 CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220
TABLE 98 ELEMENT 1 CORP.: PRODUCT LAUNCHES 221
TABLE 99 ELEMENT 1 CORP.: DEALS 221
12.2.19 NEL HYDROGEN 224
TABLE 100 NEL HYDROGEN: COMPANY OVERVIEW 224
FIGURE 57 NEL HYDROGEN: COMPANY SNAPSHOT 224
TABLE 101 NEL HYDROGEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 102 NEL HYDROGEN: DEALS 226
12.2.20 AW ENERGY 228
TABLE 103 AW ENERGY: COMPANY OVERVIEW 228
TABLE 104 AW ENERGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228
TABLE 105 AW ENERGY: DEALS 229
TABLE 106 AW ENERGY: OTHERS 229
12.2.21 NPROXX 230
TABLE 107 NPROXX: COMPANY OVERVIEW 230
TABLE 108 NPROXX: PRODUCTS/SOLUTIONS/SERVICES OFFERED 230
TABLE 109 NPROXX: DEALS 231
12.2.22 GARDNER CRYOGENICS 232
TABLE 110 GARDNER CRYOGENICS: COMPANY OVERVIEW 232
TABLE 111 GARDNER CRYOGENICS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 232
12.2.23 CALVERA HYDROGEN SA 233
TABLE 112 CALVERA HYDROGEN SA: COMPANY OVERVIEW 233
TABLE 113 CALVERA HYDROGEN SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 114 CALVERA HYDROGEN SA: PRODUCT LAUNCHES 234
TABLE 115 CALVERA HYDROGEN SA: DEALS 235
12.2.24 HEXAGON COMPOSITES 236
TABLE 116 HEXAGON COMPOSITES: COMPANY OVERVIEW 236
FIGURE 58 HEXAGON COMPOSITES: COMPANY SNAPSHOT 237
TABLE 117 HEXAGON COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 237
TABLE 118 HEXAGON COMPOSITES: DEALS 238
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13 APPENDIX 239
13.1 DISCUSSION GUIDE 239
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 241
13.3 CUSTOMIZATION OPTIONS 243
13.4 RELATED REPORTS 243
13.5 AUTHOR DETAILS 244
