Pink Hydrogen Market Size & Share, by Form (Liquid, Gas); Application (Transportation, Petro-Chemical, Steel, Domestic, Chemical) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4989
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Companies Dominating the Pink Hydrogen Market

    • Siemens Energy AG
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Linde plc
    • Hydrogenics Corporation
    • Ballard Power Systems Inc.
    • ITM Power plc
    • McPhy Energy S.A.
    • Nel ASA
    • Plug Power Inc.
    • Toshiba Energy Systems & Solutions Corporation
    • Doosan Fuel Cell America

Browse Key Market Insights with Data Illustration:


In The News

  • Siemens Energy AG and EmBW together initiated the pilot project to use climate-friendly green hydrogen as fuel in future power plants. All the systems in the EnBW strict heating power plant are expected to replace coal with hydrogen as soon as possible.
  • Linde plc declared the agreement of a long-term supply of green hydrogen to Evonik to generate methionine which is the primary ingredient for animal feed. The agreement supported the expansion plan of the Evonik facility and promote the reduction of greenhouse gas emissions of Evonik in Singapore.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 4989
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising applications of hydrogen in various sectors and high investment in renewable energy are the major factors driving the market growth.

The market size of pink hydrogen is anticipated to attain a CAGR of ~49% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Siemens Energy AG, Linde plc, Hydrogenics Corporation, Ballard Power Systems Inc., ITM Power plc, McPhy Energy S.A., Nel ASA, Plug Power Inc., Toshiba Energy Systems & Solutions Corporation, Doosan Fuel Cell America, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by form, application, and by region.

The chemical segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The presence of alternatives such as grey and blue hydrogen and high initial capital investment are estimated to be the growth-hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
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