Hydrogen Hub Trends and Forecast
The future of the global hydrogen hub market looks promising with opportunities in the automotive, aviation, and marine markets. The global hydrogen hub market is expected to reach an estimated $5.6 billion by 2030 with a CAGR of 17.5% from 2024 to 2030. The major drivers for this market are increasing usage of renewable energy sources, shift towards clean energy and sustainable energy sources, and expansion in creation of local green hydrogen hubs.
• Lucintel forecasts that electrolysis is expected to witness the highest growth over the forecast period.
• Within this market, automotive is expected to witness the highest growth.
• APAC will remain the largest region over the forecast period.
Germany: Siemens announced plans to invest in hydrogen technologies, aiming to produce green hydrogen at scale by 2030. The government targets 5 GW of electrolyzer capacity by 2030, with incentives for industry players.
Japan: Toyota and Honda have committed to producing hydrogen-powered vehicles, aligning with JapanÄX%$%Xs goal to have 800,000 fuel cell vehicles by 2030, supported by infrastructure development.
Australia: The Australian government announced funding for hydrogen projects, including partnerships with companies like Fortescue Future Industries, aiming to become a global hydrogen exporter by 2030 with a $70 billion industry target.
United States: Companies like Plug Power and Bloom Energy are expanding hydrogen infrastructure, with the government setting a goal of 5 million hydrogen fuel cell electric vehicles by 2030, supported by tax credits and grants for hydrogen production.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hydrogen Hub by Segment
The study includes a forecast for the global hydrogen hub by supply technique, hydrogen type, end use, and region.
Hydrogen Hub Market by Supply Technique [Shipment Analysis by Value from 2018 to 2030]:
• Steam Methane Reforming
• Electrolysis
Hydrogen Hub Market by Hydrogen Type [Shipment Analysis by Value from 2018 to 2030]:
• Liquid Hydrogen
• Hydrogen Fuel Cells
Hydrogen Hub Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Aviation
• Marine
• Others
Hydrogen Hub Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hydrogen Hub Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hydrogen hub companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hydrogen hub companies profiled in this report include-
• ARAMCO
• Shell
• Linde
• Airbus
• Sinopec
Recent Development in the Hydrogen Hub Market
Siemens Energy: The company is collaborating with partners to develop large-scale hydrogen projects, including electrolyzer manufacturing and renewable energy integration, aiming to establish green hydrogen hubs in key regions by 2030.
Air Liquide: Air Liquide is investing in hydrogen production and distribution infrastructure, focusing on electrolysis technologies and hydrogen refueling stations for transportation applications, supporting the growth of hydrogen hubs globally.
Hyundai Motor Company: Hyundai is expanding its hydrogen fuel cell vehicle lineup and investing in hydrogen infrastructure development, including partnerships with energy companies to build hydrogen refueling stations, driving adoption in key markets.
Shell: Shell is pursuing hydrogen projects across the value chain, from production to distribution and end-use applications, with investments in electrolysis facilities and partnerships for hydrogen supply agreements, contributing to the development of hydrogen hubs worldwide.
Toyota Motor Corporation: Toyota is advancing hydrogen fuel cell technology and collaborating with stakeholders to promote hydrogen infrastructure, including partnerships for hydrogen production, storage, and distribution, supporting the establishment of hydrogen hubs in various regions.
Features of the Global Hydrogen Hub Market
Market Size Estimates: Hydrogen hub market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hydrogen hub market size by supply technique, hydrogen type, end use, and region in terms of value ($B).
Regional Analysis: Hydrogen hub market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different supply techniques, hydrogen types, end uses, and regions for the hydrogen hub market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hydrogen hub market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the hydrogen hub market size?
Answer: The global hydrogen hub market is expected to reach an estimated $5.6 billion by 2030.
Q2. What is the growth forecast for hydrogen hub market?
Answer: The global hydrogen hub market is expected to grow with a CAGR of 17.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hydrogen hub market?
Answer: The major drivers for this market are increasing usage of renewable energy sources, shift towards clean energy and sustainable energy sources, and expansion in creation of local green hydrogen hubs.
Q4. What are the major segments for hydrogen hub market?
Answer: The future of the hydrogen hub market looks promising with opportunities in the automotive, aviation, and marine markets.
Q5. Who are the key hydrogen hub market companies?
Answer: Some of the key hydrogen hub companies are as follows:
• ARAMCO
• Shell
• Linde
• Airbus
• Sinopec
Q6. Which hydrogen hub market segment will be the largest in future?
Answer: Lucintel forecasts that electrolysis is expected to witness the highest growth over the forecast period.
Q7. In hydrogen hub market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hydrogen hub market by supply technique (steam methane reforming and electrolysis), hydrogen type (liquid hydrogen and hydrogen fuel cells), end use (automotive, aviation, marine, and others ), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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