Industrial Gases & Cryogenic · Direct
Monitoring · monthlyProcurement Category Intelligence
Industrial Hydrogen
Overview
Market size
$22.0B
global, USD
CAGR
5.5%
base to forecast
Buyer power
-2.6
supplier-favoured
Suppliers
4
tracked players
Signals
12
monitored
Market outlook
2031$28.8B
What changed
Demand by region
Asia Pacific demand48%
North America demand24%
Europe demand16%
Middle East & Africa demand7%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Natural gas and hydrocarbon feedstocks55%
Utility power and electricity20%
Capital equipment and plant depreciation13%
Distribution and logistics overhead12%
share of delivered cost (analyst estimate)