Hydrogen Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 167 SKU: IRTNTR77022

Hydrogen Market Forecast 2024-2028

The hydrogen market size is forecast to increase by USD 92.35 billion and is estimated to grow at a CAGR of 7% between 2023 and 2028.  The report includes historic market data from 2018-2022. The market is witnessing a growing demand for investments by vendors in hydrogen production, ongoing advancements in the production technologies and the development of regional hydrogen hubs and clusters. 

Market Overview :

  • The  chemical industry was the largest segment and was valued at  USD 119.06 billion in 2018
  • The Regional Analysis consists of APAC, Europe, North America, Middle East and Africa, and South America
  • APAC is is most dominating region during the forecast period
  • It also includes an in-depth analysis of increasing government focus on the adoption of clean hydrogen, growing investments by vendors in hydrogen production, and high costs associated with the production of green and blue hydrogen-wing investments by vendors in hydrogen production. 

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Market Trends 

Growing investments by vendors in hydrogen production is an emerging trend shaping the market growth. For instance, on July 19, 2022, Shanghai Chemical Industry Park Industrial Gases Co., Ltd (SCIPIG), a subsidiary of Air Liquide, announced that it is set to invest more than USD 220 million in constructing two hydrogen production units and associated infrastructure within the Shanghai Chemical Industry Park (SCIP). Through contracts spanning over 15 years, these units will generate hydrogen and carbon monoxide for the supply to Covestro China and Shanghai Lianheng Isocyanate Company (SLIC), a joint venture led by BASF and Huntsman, within the park.

Additionally, the units will cater to mobility, other industrial, and electronics customers in the Yangtze River Delta megalopolis. The total hydrogen (H2) production capacity of the two units will be approximately 70,000 Nm3/h. They will also feature units for capturing and recycling carbon dioxide (CO2) to contribute to the production of carbon monoxide (CO), with a total capacity of 28,000 Nm3/h. Thus, the growing number of investments in hydrogen production is expected to drive the growth of the market during the forecast period.

Largest-Growing Segments 

Chemical industry

The chemical industry segment is estimated to witness significant growth during the forecast period. Hydrogen is one of the important preliminary supplies used in the chemical industry. Hydrogen is used mainly to manufacture methanol and ammonia. It is an important ingredient in the manufacture of methanol, polymers, and ammonia, thereby playing a key role in the fertilizer sector. 

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Hydrogen is also used in the manufacture of methanol, which is used as a direct fuel or as a blended fuel like gasoline. According to the US Energy Information Administration, liquid fuels stem from their use of methanol and its derivatives, owing to the increased adoption in China's gasoline and liquefied petroleum gas (LPG) streams. In China, the use of methanol as an alternative for energy and fuels is anticipated to grow at a significant rate during the forecast period. Methanol is blended into gasoline pools in an indirect manner or by using a methanol derivative. In China, it is blended into LPG streams as a low-cost substitute and consumed in the domestic LPG cylinder market. The increasing demand for fertilizer and direct fuels will drive the growth of the global market as hydrogen is one of the key components to manufacturing fertilizers, transportation fuels, and domestic fuel products. This, in turn, is likely to boost the growth of the chemical industry segment in the global market during the forecast period.

Regional Analysis

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APAC is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC is expected to grow significantly during the forecast period, owing to increasing focus on regional government adoption of clean energy sources such as green hydrogen. Countries such as India, China, and Japan are the major contributing countries in terms of revenue to the growth of the regional market. China stands as a major player in the APAC market, driven by its commitment to clean energy and efforts to reduce carbon emissions. The country is a significant producer of grey hydrogen, primarily through coal gasification and steam methane reforming. 

However, China is increasingly emphasizing the development of green hydrogen, investing in renewable energy sources like solar and wind for electrolysis. The government's 14th Five-Year Plan includes provisions to advance hydrogen technologies, with a focus on industrial applications and transportation, positioning China as a key contributor to the global hydrogen landscape. Such initiatives taken by the government in the region are expected to drive the growth of the regional market during the forecast period.

Market Dynamic

Key Driver

Increasing government focus on the adoption of clean hydrogen is notably driving the market growth. Growing government initiatives and policies play a pivotal role in shaping the trajectory of the global market, providing crucial support and direction for its growth. One notable example is the European Union's ambitious Hydrogen Strategy, which aims to establish a clean hydrogen market and facilitate the production of green hydrogen using renewable energy sources. 

In addition, in the United States, the Biden administration's focus on clean energy has led to the inclusion of hydrogen in the American Jobs Plan. The plan allocates substantial funds for the development and deployment of hydrogen technologies, emphasizing the role of hydrogen in achieving climate goals and promoting job creation. Thus, the increasing government focus on boosting hydrogen generation is expected to drive the growth of the market during the forecast period.

Significance Challenges

High costs associated with the production of green and blue hydrogen is a significant challenge hindering the market growth. The production costs associated with different hydrogen types, especially green and blue hydrogen produced through renewable energy, remain relatively high. The current levelized cost of producing green hydrogen ranges widely from USD 3 to USD 6 per kilogram, rendering it economically unviable. The cost of green hydrogen production is primarily influenced by the capital expenditure (CAPEX) of electrolyzers, their capacity or utilization factor, and the procurement cost of renewable electricity. CAPEX encompasses expenses related to the electrolyzer system or stack, essential balance of plant components, and electricity grid connection.  

Additionally, the capital cost encompasses essential components such as the reformer unit, steam turbine, necessary balance of plant, and other units depending on the technology employed, such as steam methane reforming (SMR) and auto thermal reforming (ATR). Thus, the high costs associated with the production of green and blue hydrogen can become a major challenge for the growth of the market during the forecast period.

Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Air Liquide SA - The company offers hydrogen used in fuel cells to generate heat and electricity used in many industrial sectors such as refining, chemistry and metallurgy.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Air Products and Chemicals Inc.
  • BayoTech Inc.
  • Caloric Anlagenbau GmbH
  • Ceres Power Holdings plc
  • Chart Industries Inc.
  • Chevron Corp.
  • Iwatani Corp.
  • Linde Plc
  • Mahler AGS GmbH
  • Messer SE and Co. KGaA
  • Nel ASA
  • Orsted AS
  • Oxygen Service Co.
  • Plug Power Inc.
  • Resonac Holdings Corp.
  • Saudi Arabian Oil Co.
  • Shell plc
  • Siemens AG
  • Uniper SE

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Hydrogen Market witnesses increased investment in hydrogen infrastructure, driven by demand for low emission fuel amid tightening greenhouse gas emissions regulations. Various applications include energy, chemical & refinery, and mobility, with a focus on storage, transportation, and fuel cell technologies. Infrared radiation is leveraged for pollution control rules, promoting clean fuels. The Biden-Harris Administration supports the market's growth trajectory, emphasizing the importance of hydrogen as a sustainable energy solution to combat greenhouse gases and meet emission reduction targets.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends and growth opportunities from 2018 to 2028. 

  • Application Outlook
    • Chemical industry
    • Refinery industry
    • Metal processing industry
    • Others
  • Type Outlook
    • Grey
    • Green
    • Blue
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
        Argentina 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Scope

Report Coverage

Details

Page number

167

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market Growth 2024-2028

USD 92.35 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.5

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 56%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., BayoTech Inc., Caloric Anlagenbau GmbH, Ceres Power Holdings plc, Chart Industries Inc., Chevron Corp., Iwatani Corp., Linde Plc, Mahler AGS GmbH, Messer SE and Co. KGaA, Nel ASA, Orsted AS, Oxygen Service Co., Plug Power Inc., Resonac Holdings Corp., Saudi Arabian Oil Co., Shell plc, Siemens AG, and Uniper SE

Market dynamics

Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global hydrogen market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global hydrogen market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Chemical industry - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Chemical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Chemical industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Chemical industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Chemical industry - Year-over-year growth 2023-2028 (%)
    • 6.4 Refinery industry - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Refinery industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Refinery industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Refinery industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Refinery industry - Year-over-year growth 2023-2028 (%)
    • 6.5 Metal processing industry - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Metal processing industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Metal processing industry - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Metal processing industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Metal processing industry - Year-over-year growth 2023-2028 (%)
    • 6.6 Others - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 52: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 54: Chart on Comparison by Type
      • Exhibit 55: Data Table on Comparison by Type
    • 7.3 Grey - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Grey - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Grey - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Grey - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Grey - Year-over-year growth 2023-2028 (%)
    • 7.4 Green - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Green - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Green - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Green - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Green - Year-over-year growth 2023-2028 (%)
    • 7.5 Blue - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Blue - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Blue - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Blue - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Blue - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.9 US - Market size and forecast 2023-2028
      • Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 France - Market size and forecast 2023-2028
      • Exhibit 111: Chart on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on France - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Air Liquide SA
              • Exhibit 123: Air Liquide SA - Overview
              • Exhibit 124: Air Liquide SA - Business segments
              • Exhibit 125: Air Liquide SA - Key offerings
              • Exhibit 126: Air Liquide SA - Segment focus
            • 12.4 Air Products and Chemicals Inc.
              • Exhibit 127: Air Products and Chemicals Inc. - Overview
              • Exhibit 128: Air Products and Chemicals Inc. - Business segments
              • Exhibit 129: Air Products and Chemicals Inc. - Key news
              • Exhibit 130: Air Products and Chemicals Inc. - Key offerings
              • Exhibit 131: Air Products and Chemicals Inc. - Segment focus
            • 12.5 BayoTech Inc.
              • Exhibit 132: BayoTech Inc. - Overview
              • Exhibit 133: BayoTech Inc. - Product / Service
              • Exhibit 134: BayoTech Inc. - Key offerings
            • 12.6 Chart Industries Inc.
              • Exhibit 135: Chart Industries Inc. - Overview
              • Exhibit 136: Chart Industries Inc. - Business segments
              • Exhibit 137: Chart Industries Inc. - Key news
              • Exhibit 138: Chart Industries Inc. - Key offerings
              • Exhibit 139: Chart Industries Inc. - Segment focus
            • 12.7 Chevron Corp.
              • Exhibit 140: Chevron Corp. - Overview
              • Exhibit 141: Chevron Corp. - Business segments
              • Exhibit 142: Chevron Corp. - Key news
              • Exhibit 143: Chevron Corp. - Key offerings
              • Exhibit 144: Chevron Corp. - Segment focus
            • 12.8 Iwatani Corp.
              • Exhibit 145: Iwatani Corp. - Overview
              • Exhibit 146: Iwatani Corp. - Business segments
              • Exhibit 147: Iwatani Corp. - Key offerings
              • Exhibit 148: Iwatani Corp. - Segment focus
            • 12.9 Linde Plc
              • Exhibit 149: Linde Plc - Overview
              • Exhibit 150: Linde Plc - Business segments
              • Exhibit 151: Linde Plc - Key news
              • Exhibit 152: Linde Plc - Key offerings
              • Exhibit 153: Linde Plc - Segment focus
            • 12.10 Messer SE and Co. KGaA
              • Exhibit 154: Messer SE and Co. KGaA - Overview
              • Exhibit 155: Messer SE and Co. KGaA - Product / Service
              • Exhibit 156: Messer SE and Co. KGaA - Key offerings
            • 12.11 Nel ASA
              • Exhibit 157: Nel ASA - Overview
              • Exhibit 158: Nel ASA - Business segments
              • Exhibit 159: Nel ASA - Key offerings
              • Exhibit 160: Nel ASA - Segment focus
            • 12.12 Oxygen Service Co.
              • Exhibit 161: Oxygen Service Co. - Overview
              • Exhibit 162: Oxygen Service Co. - Product / Service
              • Exhibit 163: Oxygen Service Co. - Key offerings
            • 12.13 Resonac Holdings Corp.
              • Exhibit 164: Resonac Holdings Corp. - Overview
              • Exhibit 165: Resonac Holdings Corp. - Business segments
              • Exhibit 166: Resonac Holdings Corp. - Key news
              • Exhibit 167: Resonac Holdings Corp. - Key offerings
              • Exhibit 168: Resonac Holdings Corp. - Segment focus
            • 12.14 Saudi Arabian Oil Co.
              • Exhibit 169: Saudi Arabian Oil Co. - Overview
              • Exhibit 170: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 171: Saudi Arabian Oil Co. - Key offerings
            • 12.15 Shell plc
              • Exhibit 172: Shell plc - Overview
              • Exhibit 173: Shell plc - Business segments
              • Exhibit 174: Shell plc - Key offerings
              • Exhibit 175: Shell plc - Segment focus
            • 12.16 Siemens AG
              • Exhibit 176: Siemens AG - Overview
              • Exhibit 177: Siemens AG - Business segments
              • Exhibit 178: Siemens AG - Key news
              • Exhibit 179: Siemens AG - Key offerings
              • Exhibit 180: Siemens AG - Segment focus
            • 12.17 Uniper SE
              • Exhibit 181: Uniper SE - Overview
              • Exhibit 182: Uniper SE - Business segments
              • Exhibit 183: Uniper SE - Key offerings
              • Exhibit 184: Uniper SE - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 185: Inclusions checklist
                • Exhibit 186: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 187: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 188: Research methodology
                • Exhibit 189: Validation techniques employed for market sizing
                • Exhibit 190: Information sources
              • 13.5 List of abbreviations
                • Exhibit 191: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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