수소 시장 : 수요 및 예측 분석(2018-2034년)

Hydrogen is the most abundant chemical element on Earth and plays a crucial role across various industrial sectors. It can be produced both as a primary product and as a by-product through different methods. The majority of hydrogen production-about 95%-is sourced from fossil fuels such as natural gas, liquid hydrocarbons, and coal. The most common production technique is steam reforming of light hydrocarbons like methane. Additionally, hydrogen can be recovered as a by-product from chlor-alkali plants and other chemical synthesis operations. Due to its versatile applications, hydrogen has become a vital component in modern industry, especially in sectors such as petroleum refining, ammonia and methanol production, food processing, and electrical and electronics manufacturing.

Hydrogen Demand Analysis

The hydrogen market's primary driver is its essential role in petroleum refineries, particularly for fuel desulfurization processes, which are critical to meeting stringent environmental regulations worldwide. As countries intensify their efforts to reduce sulfur emissions, the demand for hydrogen in refining has surged, especially in the Asia-Pacific region where urban pollution concerns are prominent. Moreover, hydrogen's application in the production of ammonia and methanol fuels demand in the chemical manufacturing sector. The food processing industry also benefits from hydrogen in various sterilization and packaging processes, while the electrical and electronics sector increasingly relies on hydrogen for specialized manufacturing and energy solutions. The growing emphasis on cleaner fuels and chemicals underscores the hydrogen market's expanding relevance.

Key Manufacturers

Leading global companies are instrumental in meeting the rising hydrogen demand through extensive production capacities and innovation. Major players in the hydrogen market include Linde, Air Products and Chemicals, Showa Denko, Proton Onsite, Messer Group, Hydrogenics Corporation, Air Liquide, Nuvera Fuel Cells, and Praxair. These companies focus on enhancing production technologies, expanding infrastructure, and developing sustainable hydrogen solutions to stay competitive.

Regional Demand Analysis

Regionally, Asia-Pacific dominates the hydrogen market due to rapid industrialization and stringent environmental policies targeting sulfur emissions. Countries in this region are actively investing in cleaner technologies to combat urban pollution, propelling hydrogen demand in refining and chemical production. North America and the Middle East also show significant growth potential. In the U.S., abundant and inexpensive natural gas supplies have lowered production costs, boosting methanol and ammonia industries and driving hydrogen consumption. Meanwhile, the Middle East's strong focus on energy infrastructure development, including refining and petrochemical sectors, supports steady hydrogen market expansion. Europe, while mature, maintains stable demand driven by environmental regulations and efforts toward green hydrogen production.

Market Driver: Growing Demand for Clean Energy Drives Hydrogen Market Expansion

One of the primary drivers of hydrogen demand is the global shift toward clean and sustainable energy solutions. As countries aim to reduce carbon emissions and transition away from fossil fuels, hydrogen has emerged as a key alternative due to its ability to produce energy without emitting greenhouse gases. Green hydrogen, produced using renewable energy sources like wind and solar, is gaining traction in various sectors including transportation, power generation, and heavy industry. Governments and private industries are investing heavily in hydrogen infrastructure, such as fuel cell technology and hydrogen refueling stations, especially for buses, trucks, and trains.

Hydrogen is being explored as a means of storing excess renewable energy, making it a crucial component of future energy systems. Industrial applications, such as refining, ammonia production, and steelmaking, also continue to drive demand. This growing interest positions hydrogen as a cornerstone of the global clean energy transition.

Market Restraint: Volatile raw materials

Despite the positive growth outlook, the hydrogen market faces challenges related to its heavy reliance on fossil fuel-derived production methods. Since around 95% of hydrogen is currently produced using fossil fuels, the process contributes to carbon emissions, limiting its appeal in an increasingly carbon-conscious world. The transition to greener hydrogen production methods, such as electrolysis powered by renewable energy, remains costly and technologically demanding. This dependence on traditional production routes restrains market growth and calls for significant investments to make hydrogen a truly sustainable energy vector.

Table of Contents

1. Introduction

• Scope
• Market Coverage
  • Applications
  • Regions
  • Countries
• Years Considered
  • Historical - 2018 - 2023
  • Base - 2024
  • Forecast Period - 2025 - 2034
• Research Methodology
  • Approach
  • Research Methodology
  • Prismane Consulting Market Models
  • Assumptions & Limitations
  • Abbreviations & Definitions
  • Conversion Factors
  • Data Sources

2. Market Synopsis

• Market Evolution
• Demand-Supply Overview
• Industry Structure
• Strategic Issues
• End-use Trends
• Growth Forecast

3. Economic & Energy Outlook

• GDP and Demographics
• Monetary & Fiscal Policies
• Crude Oil Production and prices
• Natural Gas
• Electricity Prices

4. End-use Sector Performance

• Petroleum Refining
• Chemical
• Food & Beverages
• Electrical & Electronics
• Agriculture
• Pharmaceutical
• Textile
• Others

5. Capacity (Plants & Projects) Analysis

• Capacity, by Company
• Capacity, by Country and by region
• Capacity Overview, By Region and Country

6. Introduction to Hydrogen and Market Overview

• Product Description
• Grades & Properties
• Raw Material
• Manufacturing Process
• Environmental Issues
• Value Chain
• Applications

7. Market Dynamics and Industry Trends

• Market Dynamics
  • Drivers
  • Restraints
  • Opportunities
  • Challenges

8. Global Hydrogen Demand-Supply Analysis, By Applications (Volume, Value) (2018-2034)

• Strategic Issues
• Demand-Supply Analysis and Forecast (2018 - 2034)
  • Capacity
  • Capacity Utilization (%)
  • Production
  • Imports
  • Exports
  • Net Trade
  • Demand
  • Demand Growth Rate (%)
  • Driving Force Analysis
  • Global Hydrogen Market, By Applications
• Ammonia
• Petroleum Refining
• Methanol
• Food Processing
• Electrical & Electronics
• Others

9. Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2018- 2034)

• Strategic Issues
• Capacity
• Capacity Utilization (%)
• Production
• Imports
• Exports
• Net Exports
• Demand
• Demand Growth Rate (%)
• Hydrogen Market, By Applications

Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilo tons) and Value (USD Million).

• North America
• USA
• Canada
• Mexico
• Western Europe
• Germany
• France
• Italy
• United Kingdom
• Spain
• Rest of Western Europe
• Central & Eastern Europe
• Russia
• Poland
• Rest of Central & Eastern Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Rest of Asia-Pacific
• Central & South America
• Middle East & Africa

Note: CAGR will be calculated for all applications to arrive at the regional / global Demand-Supply growth for the forecast period (2025 - 2034)

10. Pricing Analysis

• Average Hydrogen Prices, USD/Kg
• Average prices, by region
• Price Forecast

11. Key Strategic Issues

12. Business Opportunity Assessment

• Market Attractiveness Assessment
• Prospective & Target Market Study

13. Strategic Recommendation & Suggestions

14. Company Analysis

• Hydrogen Manufacturers Profiles/ Company Analysis
  • Basic Details
  • Headquarter, Key Markets
  • Ownership
  • Company Financial
  • Manufacturing Bases
  • Global Turnover
  • Total Employee
  • Product Portfolio / Services / Solutions
  • Key Business Strategies adopted and Prismane Consulting Overview
  • Recent Developments
  • Companies Covered -
• Air Liquide
• Air Products and Chemicals
• Linde
• Praxair
• Showa Denko
• Hydrogenics Corporation
• Proton Onsite
• Nuvera Fuel Cells
• Messer Group
• Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

15. Appendices

• Demand-Supply - Regions
• Demand-Supply - Countries
• Capacities, 2018-2034