The market is predicted to develop as a result of hydrogen being used more frequently in the production of LEDs and semiconductors, where it is employed to regulate the atmosphere. The need for hydrogen is expected to increase due to the growing popularity of LED lighting, which is expected to outpace incandescent lighting in terms of efficiency and operational life. The rising electronic sector is also anticipated to fuel the expansion of the hydrogen market.
The U.S., Europe and Asia Industrial Hydrogen Market is projected to reach US$ 22.8 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.0% during the forecast period (2019 to 2027).
Leading Companies in the Us Europe And Asia Industrial Hydrogen Industry:
1. Air Liquide
Air Liquide founded in 1902 and its headquarters Paris, France. The company operates in 80 countries. In 2022 Air Liquide and Siemens Energy form a joint venture for the European production of large-scale renewable hydrogen electrolyzers.
2. Air Products & Chemicals Inc
Air Products & Chemicals Inc founded in 1940, and its Headquarters located in Allentown, Pennsylvania, United States. The company operates in 50 nations. 2020 — Air Products currently operates 12 industrial gas facilities in California, which includes five hydrogen production plants.
3. Praxair Inc
Praxair Inc was launch in 1907 and it’s headquarter located Danbury, Connecticut, United States.it operate over 50 country. Praxair has been providing hydrogen fuel and related technical support to fuel cell developers and vehicle fleets across the country
4. Linde Plc
Linde Plc was launch in 1879 and it’s headquarter, Dublin, Ireland it operate over 100 country. 2023 – Linde announced today that it has signed a long-term agreement to supply green hydrogen
5. Messer Group GmbH
Messer Group GmbH , was founded 1898 with its headquarters in Bad Soden, Germany. With businesses in over 60 countries.
*Definition- Hydrogen is a chemical compound with atomic number 1 and is widely used in the production of carbon steels, semiconductors, and special metals. It is used as a reducing agent and carrier gas in the electronic industry.
