Hydrogen Top Companies-Recent Developments, Business Strategy, Deal Strategy, Patent Strategy, Benchmarking and Management Outlook

Date : November 2024

Market Size Analysis and Top Companies

The global hydrogen market size is estimated to hit around USD 516.20 billion by 2033, increasing from USD 243.12 billion in 2023 with a CAGR of 7.82% from 2023 to 2033.The top companies operating in the hydrogen market are Linde plc, Chevron Corporation, Saudi Arabian Oil Co., Worthington Industries, INOX India Limited, Hexagon Purus, NPROXX, Cryolor, Pragma Industries, BayoTech, Luxfer Gas Cylinders, Chart Industries, Weldship Corporation, and Others.

Market Report Coverage

Report Coverage Details
Market Size by 2033 USD 516.20 Billion
Market Size in 2023 USD 243.12 Billion
Market Growth Rate from 2023 to 2033 CAGR of 7.82% 
Largest Market North America
Base Year 2023
Forecast Period 2023 to 2033
Segments Covered Sector, Application, and Regions
Regions Covered North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa

Hydrogen Key Players

Hydrogen Key Players

  • Linde plc
  • Chevron Corporation
  • Saudi Arabian Oil Co.,
  • Worthington Industries
  • INOX India Limited
  • Hexagon Purus
  • NPROXX
  • Cryolor
  • Pragma Industries
  • BayoTech
  • Luxfer Gas Cylinders
  • Chart Industries
  • Weldship Corporation

Recent Developments 

  • In September 2023, Honda unveiled its first V engine, the new Honda Marine BF350, at the Genoa Boat Show. 
  • In October 2023, Atlas Copco acquired William G Frank Medical Gas Testing and Consulting. The business contributes to New England customers' medical and laboratory gas services, including inspections, consulting, equipment sales, parts supply, and training.
  • The Bosch Group increased its sales and earnings in 2023 and is successfully implementing its growth strategy despite a challenging environment.
  • In January 2023, ECL disclosed hydrogen-powered data center modules.

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