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Asia Pacific Hydrogen Market Share

  • Report ID: GMI8866
  • Published Date: Apr 2024
  • Report Format: PDF

Asia Pacific Hydrogen Market Share

Eminent players are investing in infrastructure development, focusing on the establishment of robust hydrogen production, storage, and distribution networks. By expanding their infrastructure footprint, companies aim to support the scalability and widespread adoption of hydrogen technologies across the region. Technological innovation, with key players investing heavily in research and development to enhance the efficiency, reliability, and cost-effectiveness of hydrogen production and utilization technologies.
 

Asia Pacific Hydrogen Market Companies

Eminent players operating in the Asia Pacific hydrogen industry are:

  • Air Liquide
  • Air Products & Chemicals Inc
  • Ballard Power Systems
  • Cummins Inc
  • H2U Technologies
  • Iwatani Corporation
  • Kawasaki Heavy Industries, Ltd.
  • Linde plc.
  • Messer Group GmbH
  • Nel ASA
  • Plug Power Inc
  • Resonac Holdings Corporation
  • TAIYO NIPPON SANSO CORPORATION
  • Teledyne Technologies Incorporated,
  • Toshiba Energy Systems & Solutions Corporation
Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for hydrogen in Asia Pacific was worth USD 109.7 billion in 2023 and will expand at a 5.8% CAGR during 2024 and 2032, due to increasing energy demand across industries, coupled with the strong focus on reducing carbon emissions.

The chemical segment is estimated to secure 6% CAGR through 2032, attributed to the significant demand in various chemical processes, such as ammonia production and petroleum refining.

India market is poised to cross USD 36.8 billion by 2032, driven by its renewable energy goals, significant investments in hydrogen production and government initiatives promoting hydrogen adoption.

Key firms operating in market are Air Liquide, Air Products & Chemicals Inc, Ballard Power Systems, Cummins Inc, H2U Technologies, Iwatani Corporation, Kawasaki Heavy Industries, Ltd., Linde plc., Messer Group GmbH, Nel ASA, Plug Power Inc, Resonac Holdings Corporation, Taiyo Nippon Sanso Corporation, Teledyne Technologies Incorporated, Toshiba Energy Systems & Solutions Corporation.

Asia Pacific Hydrogen Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 200
  • Countries covered: 4
  • Pages: 180
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