Market Overview:
The global merchant hydrogen market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for hydrogen as a fuel source across various industries and applications. Additionally, the growing focus on reducing greenhouse gas emissions is also contributing to the growth of this market. The global merchant hydrogen market can be segmented by type, application and region. By type, the market can be divided into thermal process, electrolytic process, photolytic process and other types of processes. Thermal processes are those in which hydrogen is produced through combustion or reforming of hydrocarbons such as natural gas or methane. Electrolytic processes use electricity to split water molecules into oxygen and hydrogen atoms while photolytic processes use sunlight or artificial light energy to produce molecular Hydrogen from water vaporization . Other types of processes include biogas-to-hydrogen conversion and coal gasification-to-hydrogen conversion methods . By application ,the merchant hydrogen market can be classified into industrial ,medication ,military aerospace automobile electric power electronic food other applications . The industrial sector accounts for majority share in terms of revenue generated followed by medication sector .
Product Definition:
Merchant hydrogen is a type of hydrogen that is produced specifically for sale to industrial and commercial customers. It is typically delivered in large quantities, compressed or liquefied, and sold through bulk supply contracts. Merchant hydrogen has a number of important applications, including fuel cells, metal production, ammonia synthesis, and petroleum refining.
Thermal Process:
The thermal process is used to produce hydrogen from various materials. It can be broadly segmented into two types, gas-phase and liquid-phase processes. The most commonly used thermal process in the merchant market is the gas phase process as it has high growth potential than liquid phase. Gas phase includes natural gas, syngas (a mixture of carbon monoxide and hydrogen), methanol, and other sources such as coal bed methane etc.
Electrolytic Process:
The electrolytic process is used to separate the merchant hydrogen from the water and other impurities present in it. It is a cost-effective technology that uses electricity as an energy source, which drives the electrolysis cell to produce hydrogen. The major driving factors for this market are increasing demand for clean fuel and stringent government regulations regarding reduction of greenhouse gas emissions.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50% in 2017. The segment is expected to witness significant growth on account of increasing demand from various industrial applications such as pharmaceutical, food, pulp and paper, chemical manufacturing and petroleum refining. In addition, growing awareness regarding cost-effectiveness coupled with a reduction in operating costs is anticipated to drive the adoption of H2 fuel across several industries.
The military application segment was valued over USD 1 billion in 2017 owing to rising defense expenditure across countries such as China India Japan U.S., Saudi Arabia Russia UAE Kuwait Oman Pakistan Chile Colombia Mexico which are investing heavily in developing their armed forces particularly their air force and navy which are major consumers of hydrogen due to its non-toxic nature compared to other fuels used by them thus making it an ideal solution for fueling aircrafts tanks ships etcetera thereby boosting the global merchant market growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, such as China, India, and South Korea. Growing industrialization coupled with increasing demand for medication across these countries has led to an increase in hydrogen consumption in Asia Pacific. In addition, rising government initiatives aimed at reducing carbon footprint along with growing automotive industry are anticipated to drive the regional market growth over the forecast period.
Europe also held a significant share of global revenue owing to high demand from end-use industries across various countries including Germany, Italy, France among others. However; strict environmental regulations regarding greenhouse gas emissions have hampered Europe’s abilityto capitalize on its resources and instead resulted into increased imports of liquefied natural gas (LNG).
Growth Factors:
- Increasing demand for hydrogen as a fuel source in transportation sector
- Growing popularity of fuel cells as a power source
- Rising demand for hydrogen from the chemical and refining industries
- Government initiatives to promote the use of hydrogen as an alternative fuel
- Technological advancements that improve the efficiency and cost-effectiveness of hydrogen production
Scope Of The Report
Report Attributes
Report Details
Report Title
Merchant Hydrogen Market Research Report
By Type
Thermal Process, Electrolytic Process, Photolytic Process, Other Types of Process
By Application
Industrial, Medication, Military, Aerospace, Automobile, Electric Power, Electronic, Food, Other
By Companies
Airgas, Air Products and Chemicals, Linde Engineering, Praxair, Air Liquide, Department of Energy, Rouge H2 Engineering Gmbh, Nel Hydrogen, Messer Group GmbH, Airgas
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Merchant Hydrogen Market Report Segments:
The global Merchant Hydrogen market is segmented on the basis of:
Types
Thermal Process, Electrolytic Process, Photolytic Process, Other Types of Process
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Medication, Military, Aerospace, Automobile, Electric Power, Electronic, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airgas
- Air Products and Chemicals
- Linde Engineering
- Praxair
- Air Liquide
- Department of Energy
- Rouge H2 Engineering Gmbh
- Nel Hydrogen
- Messer Group GmbH
- Airgas
Highlights of The Merchant Hydrogen Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermal Process
- Electrolytic Process
- Photolytic Process
- Other Types of Process
- By Application:
- Industrial
- Medication
- Military
- Aerospace
- Automobile
- Electric Power
- Electronic
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Merchant Hydrogen Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Merchant Hydrogen is a blockchain-based platform that enables businesses to trade goods and services using cryptocurrency. The platform offers a variety of features, including secure transactions, low fees, and quick delivery times. Merchant Hydrogen also allows businesses to manage their own inventory and pricing information.
Some of the major companies in the merchant hydrogen market are Airgas, Air Products and Chemicals, Linde Engineering, Praxair, Air Liquide, Department of Energy, Rouge H2 Engineering Gmbh, Nel Hydrogen, Messer Group GmbH, Airgas.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Merchant Hydrogen Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Merchant Hydrogen Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Merchant Hydrogen Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Merchant Hydrogen Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Merchant Hydrogen Market Size & Forecast, 2018-2028
4.5.1 Merchant Hydrogen Market Size and Y-o-Y Growth
4.5.2 Merchant Hydrogen Market Absolute $ Opportunity
Chapter 5 Global Merchant Hydrogen Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Merchant Hydrogen Market Size Forecast by Type
5.2.1 Thermal Process
5.2.2 Electrolytic Process
5.2.3 Photolytic Process
5.2.4 Other Types of Process
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Merchant Hydrogen Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Merchant Hydrogen Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Medication
6.2.3 Military
6.2.4 Aerospace
6.2.5 Automobile
6.2.6 Electric Power
6.2.7 Electronic
6.2.8 Food
6.2.9 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Merchant Hydrogen Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Merchant Hydrogen Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Merchant Hydrogen Analysis and Forecast
9.1 Introduction
9.2 North America Merchant Hydrogen Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Merchant Hydrogen Market Size Forecast by Type
9.6.1 Thermal Process
9.6.2 Electrolytic Process
9.6.3 Photolytic Process
9.6.4 Other Types of Process
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Merchant Hydrogen Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Medication
9.10.3 Military
9.10.4 Aerospace
9.10.5 Automobile
9.10.6 Electric Power
9.10.7 Electronic
9.10.8 Food
9.10.9 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Merchant Hydrogen Analysis and Forecast
10.1 Introduction
10.2 Europe Merchant Hydrogen Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Merchant Hydrogen Market Size Forecast by Type
10.6.1 Thermal Process
10.6.2 Electrolytic Process
10.6.3 Photolytic Process
10.6.4 Other Types of Process
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Merchant Hydrogen Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Medication
10.10.3 Military
10.10.4 Aerospace
10.10.5 Automobile
10.10.6 Electric Power
10.10.7 Electronic
10.10.8 Food
10.10.9 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Merchant Hydrogen Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Merchant Hydrogen Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Merchant Hydrogen Market Size Forecast by Type
11.6.1 Thermal Process
11.6.2 Electrolytic Process
11.6.3 Photolytic Process
11.6.4 Other Types of Process
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Merchant Hydrogen Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Medication
11.10.3 Military
11.10.4 Aerospace
11.10.5 Automobile
11.10.6 Electric Power
11.10.7 Electronic
11.10.8 Food
11.10.9 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Merchant Hydrogen Analysis and Forecast
12.1 Introduction
12.2 Latin America Merchant Hydrogen Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Merchant Hydrogen Market Size Forecast by Type
12.6.1 Thermal Process
12.6.2 Electrolytic Process
12.6.3 Photolytic Process
12.6.4 Other Types of Process
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Merchant Hydrogen Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Medication
12.10.3 Military
12.10.4 Aerospace
12.10.5 Automobile
12.10.6 Electric Power
12.10.7 Electronic
12.10.8 Food
12.10.9 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Merchant Hydrogen Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Merchant Hydrogen Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Merchant Hydrogen Market Size Forecast by Type
13.6.1 Thermal Process
13.6.2 Electrolytic Process
13.6.3 Photolytic Process
13.6.4 Other Types of Process
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Merchant Hydrogen Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Medication
13.10.3 Military
13.10.4 Aerospace
13.10.5 Automobile
13.10.6 Electric Power
13.10.7 Electronic
13.10.8 Food
13.10.9 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Merchant Hydrogen Market: Competitive Dashboard
14.2 Global Merchant Hydrogen Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airgas
14.3.2 Air Products and Chemicals
14.3.3 Linde Engineering
14.3.4 Praxair
14.3.5 Air Liquide
14.3.6 Department of Energy
14.3.7 Rouge H2 Engineering Gmbh
14.3.8 Nel Hydrogen
14.3.9 Messer Group GmbH
14.3.10 Airgas
