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1786499

マーチャント電解水素生成の世界市場

Electrolysis Merchant Hydrogen Generation


出版日
ページ情報
英文 178 Pages
納期
即日から翌営業日
適宜更新あり
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=148.84円
マーチャント電解水素生成の世界市場
出版日: 2025年08月08日
発行: Global Industry Analysts, Inc.
ページ情報: 英文 178 Pages
納期: 即日から翌営業日
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概要

マーチャント電解水素生成の世界市場は2030年までに67億米ドルに達する見込み

2024年に44億米ドルと推定されるマーチャント電解水素生成の世界市場は、2024年から2030年にかけてCAGR 7.1%で成長し、2030年には67億米ドルに達すると予測されます。本レポートで分析したセグメントの一つである石油精製は、CAGR8.6%を記録し、分析期間終了時には29億米ドルに達すると予測されます。化学セグメントの成長率は、分析期間中CAGR 4.8%と推定されます。

米国市場は12億米ドルと推定、中国はCAGR11.4%で成長予測

米国のマーチャント電解水素生成市場は、2024年に12億米ドルと推定されます。世界第2位の経済大国である中国は、2030年までに14億米ドルの市場規模に達すると予測され、分析期間2024-2030年のCAGRは11.4%です。その他の注目すべき地域別市場としては、日本とカナダがあり、分析期間中のCAGRはそれぞれ3.4%と6.9%と予測されています。欧州では、ドイツがCAGR 4.7%で成長すると予測されています。

世界のマーチャント電解水素生成市場- 主要動向と市場促進要因のまとめ

なぜ電解による商用水素製造が水素経済を変えるのか?

電解による商用水素製造とは、産業現場での消費ではなく、販売や流通を目的とした大規模な水素製造を指します。このアプローチは、世界の水素サプライチェーンの開発において重要な役割を果たしており、企業や政府が化石燃料ベースの水素製造への依存を減らしながら、クリーンエネルギー目標を達成することを可能にしています。

鉄鋼、化学、輸送、発電などの産業が水素ベースのソリューションにますますシフトする中、商用の水素は低炭素経済への移行を実現する重要な手段として台頭しています。水素補給ステーション、産業プラント、電力会社は、天然ガス由来の従来の水素に代わる電解ベースの水素調達に投資しています。さらに、再生可能エネルギー企業は、グリーン水素を単独の商品として生産する能力を拡大しつつあります。

マーチャント電解水素生成における最新の技術革新とは?

効率、耐久性、拡張性を改善した次世代電解槽の導入が、商用水素製造の技術革新を促進しています。最も重要な進歩のひとつは、ギガワットスケールの電解槽プラントの商業化であり、これはモジュール式のアルカリおよびPEM技術を活用し、増大する需要に対応するものです。

もうひとつの主な発展は、電力価格の変動と送電網の安定性に基づいて水素生産を最適化する、AI主導の負荷バランシングの利用です。さらに、再生可能エネルギーと電解のハイブリッドシステムの統合は、エネルギー供給の変動に応じて水素出力を動的に調整することで、コスト効率を向上させています。

市場動向と規制政策は、商業用水素電解にどのような影響を与えているか?

産業部門や輸送部門におけるクリーンな水素への需要の高まりは、商業用電解設備への投資の増加につながっています。世界各国の政府は、税額控除、補助金、炭素価格メカニズムなど、グリーン水素製造に対するインセンティブを提供しています。さらに、カーボンフットプリント計算の透明性を確保するために、新しい国際的な水素認証プログラムも生まれつつあります。

市場動向は、水素取引ハブの増加を示しており、そこでは商人である生産者が、パイプライン、液体輸送、または圧縮ガス配給ネットワークを通じて、さまざまなエンドユーザーに水素を供給することができます。水素貯蔵・供給インフラの拡大は、大規模な産業用途向けの信頼性の高いサプライチェーンを確保し、市場の成長をさらに後押ししています。

マーチャント電解水素生成市場の成長の原動力は?

マーチャント電解水素生成市場の成長の原動力は、クリーンな水素に対する産業需要の増加、電解槽効率の技術的進歩、脱炭素化を支援する規制の義務化です。大規模な水素プロジェクトが複数の産業で立ち上がり、水素供給業者や販売業者に新たな機会をもたらしています。

最終用途の拡大も重要な促進要因であり、商用水素は燃料電池輸送、工業精製、発電、水素ベースの合成燃料などの用途に利用されています。水素の国際貿易協定の開拓、水素補給ネットワークの拡大、パイプライン・インフラへの投資は、市場導入をさらに加速しています。

セグメント

アプリケーション(石油精製、化学、金属、その他)

調査対象企業の例

  • Air Liquide SA
  • Air Products and Chemicals, Inc.
  • Ceres Power Holdings PLC
  • Cummins, Inc.
  • Electric Hydrogen
  • Enapter GmbH
  • FuelCell Energy, Inc.
  • Green Hydrogen Systems
  • H2B2
  • Hygreen Energy

AIインテグレーション

当社は、有効な専門家コンテンツとAIツールにより、市場情報と競合情報を変革しています。

Global Industry Analystsは、LLMや業界固有のSLMを照会する一般的な規範に従う代わりに、ビデオ記録、ブログ、検索エンジン調査、膨大な量の企業、製品/サービス、市場データなど、世界中の専門家からキュレートされたコンテンツのリポジトリを構築しました。

関税影響係数

Global Industry Analystsは、本社の国、製造拠点、輸出入(完成品とOEM)に基づく企業の競争力の変化を予測しています。この複雑で多面的な市場力学は、売上原価(COGS)の増加、収益性の低下、サプライチェーンの再構築など、ミクロおよびマクロの市場力学の中でも特に競合他社に影響を与える見込みです。

目次

第1章 調査手法

第2章 エグゼクティブサマリー

  • 市場概要
  • 主要企業
  • 市場動向と促進要因
  • 世界市場の見通し

第3章 市場分析

  • 米国
  • カナダ
  • 日本
  • 中国
  • 欧州
  • フランス
  • ドイツ
  • イタリア
  • 英国
  • スペイン
  • ロシア
  • その他欧州
  • アジア太平洋
  • オーストラリア
  • インド
  • 韓国
  • その他アジア太平洋地域
  • ラテンアメリカ
  • アルゼンチン
  • ブラジル
  • メキシコ
  • その他ラテンアメリカ
  • 中東
  • イラン
  • イスラエル
  • サウジアラビア
  • アラブ首長国連邦
  • その他中東
  • アフリカ

第4章 競合

目次
Product Code: MCP30736

Global Electrolysis Merchant Hydrogen Generation Market to Reach US$6.7 Billion by 2030

The global market for Electrolysis Merchant Hydrogen Generation estimated at US$4.4 Billion in the year 2024, is expected to reach US$6.7 Billion by 2030, growing at a CAGR of 7.1% over the analysis period 2024-2030. Petroleum Refinery, one of the segments analyzed in the report, is expected to record a 8.6% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Chemical segment is estimated at 4.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 11.4% CAGR

The Electrolysis Merchant Hydrogen Generation market in the U.S. is estimated at US$1.2 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global Electrolysis Merchant Hydrogen Generation Market - Key Trends & Growth Drivers Summarized

Why Is Merchant Hydrogen Generation via Electrolysis Transforming the Hydrogen Economy?

Merchant hydrogen production via electrolysis refers to large-scale hydrogen generation for sale and distribution rather than on-site industrial consumption. This approach is playing a crucial role in developing the global hydrogen supply chain, enabling businesses and governments to meet clean energy targets while reducing reliance on fossil-fuel-based hydrogen production.

With industries such as steel, chemicals, transportation, and power generation increasingly shifting to hydrogen-based solutions, merchant hydrogen is emerging as a key enabler of the transition to a low-carbon economy. Hydrogen refueling stations, industrial plants, and power utilities are investing in electrolysis-based hydrogen procurement to replace conventional hydrogen derived from natural gas. Additionally, renewable energy firms are expanding their capabilities to produce green hydrogen as a standalone commodity.

What Are the Latest Innovations in Merchant Hydrogen Electrolysis?

The introduction of next-generation electrolyzers with improved efficiency, durability, and scalability is driving innovation in merchant hydrogen production. One of the most significant advancements is the commercialization of gigawatt-scale electrolyzer plants, which leverage modular alkaline and PEM technologies to meet growing demand.

Another key development is the use of AI-driven load balancing, which optimizes hydrogen production based on electricity price fluctuations and grid stability. Additionally, the integration of hybrid renewable-electrolysis systems is improving cost efficiency by dynamically adjusting hydrogen output in response to energy supply variations.

How Are Market Trends and Regulatory Policies Influencing Merchant Hydrogen Electrolysis?

The growing demand for clean hydrogen in industrial and transport sectors has led to increased investments in merchant electrolysis facilities. Governments worldwide are providing incentives for green hydrogen production, including tax credits, subsidies, and carbon pricing mechanisms. Additionally, new international hydrogen certification programs are emerging to ensure transparency in carbon footprint calculations.

Market trends indicate a rise in hydrogen trading hubs, where merchant producers can supply hydrogen to various end-users via pipelines, liquid transport, or compressed gas distribution networks. The expansion of hydrogen storage and distribution infrastructure is further supporting market growth, ensuring reliable supply chains for large-scale industrial applications.

What Is Driving the Growth of the Merchant Hydrogen Electrolysis Market?

The growth in the merchant hydrogen electrolysis market is driven by increasing industrial demand for clean hydrogen, technological advancements in electrolyzer efficiency, and regulatory mandates supporting decarbonization. Large-scale hydrogen projects are emerging across multiple industries, creating new opportunities for hydrogen suppliers and distributors.

End-use expansion is another key driver, with merchant hydrogen serving applications in fuel cell transportation, industrial refining, power generation, and hydrogen-based synthetic fuels. The development of international hydrogen trade agreements, expansion of hydrogen refueling networks, and investments in pipeline infrastructure are further accelerating market adoption.

SCOPE OF STUDY:

The report analyzes the Electrolysis Merchant Hydrogen Generation market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:

Application (Petroleum Refinery, Chemical, Metal, Others)

Geographic Regions/Countries:

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

  • Air Liquide SA
  • Air Products and Chemicals, Inc.
  • Ceres Power Holdings PLC
  • Cummins, Inc.
  • Electric Hydrogen
  • Enapter GmbH
  • FuelCell Energy, Inc.
  • Green Hydrogen Systems
  • H2B2
  • Hygreen Energy

AI INTEGRATIONS

We're transforming market and competitive intelligence with validated expert content and AI tools.

Instead of following the general norm of querying LLMs and Industry-specific SLMs, we built repositories of content curated from domain experts worldwide including video transcripts, blogs, search engines research, and massive amounts of enterprise, product/service, and market data.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by increasing the Cost of Goods Sold (COGS), reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

TABLE OF CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • Tariff Impact on Global Supply Chain Patterns
    • Electrolysis Merchant Hydrogen Generation - Global Key Competitors Percentage Market Share in 2025 (E)
    • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
  • 2. FOCUS ON SELECT PLAYERS
  • 3. MARKET TRENDS & DRIVERS
    • Independent Hydrogen Producers Gain Ground as Merchant Electrolysis Market Expands
    • Hydrogen Trading Platforms and Marketplaces Strengthen Business Case for Merchant Electrolysis
    • Availability of Green Premiums in Industrial Contracts Spurs Merchant Hydrogen Generation
    • Flexibility of Electrolyzer Operations Enhances Grid Services Revenue Streams for Merchant Providers
    • Industrial Hydrogen Demand Shifts from Onsite Production to Merchant Sourcing for Flexibility
    • Entry of Oil & Gas Players into Hydrogen Merchant Markets Accelerates Competitive Dynamics
    • Decentralized Hydrogen Distribution Models Expand Market Access for Merchant Electrolyzers
    • Strategic Power Purchase Agreements (PPAs) Boost Cost Competitiveness for Merchant Electrolysis
    • Renewable Energy Project Developers Diversify into Merchant Hydrogen to Monetize Excess Generation
    • Merchant Electrolysis Business Models Benefit from Clustering Around Industrial Hubs
    • Multi-Offtaker Agreements and Leasing Models Open New Growth Paths for Merchant Hydrogen Providers
    • Emerging Hydrogen-as-a-Service Platforms Drive Flexibility in Merchant Supply Chains
    • Supportive Policy Frameworks and CapEx Subsidies Strengthen Merchant Hydrogen Economics
  • 4. GLOBAL MARKET PERSPECTIVE
    • TABLE 1: World Electrolysis Merchant Hydrogen Generation Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
    • TABLE 2: World Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 3: World Historic Review for Electrolysis Merchant Hydrogen Generation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 4: World 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
    • TABLE 5: World Recent Past, Current & Future Analysis for Petroleum Refinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 6: World Historic Review for Petroleum Refinery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 7: World 15-Year Perspective for Petroleum Refinery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
    • TABLE 8: World Recent Past, Current & Future Analysis for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 9: World Historic Review for Chemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 10: World 15-Year Perspective for Chemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
    • TABLE 11: World Recent Past, Current & Future Analysis for Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 12: World Historic Review for Metal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 13: World 15-Year Perspective for Metal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
    • TABLE 14: World Recent Past, Current & Future Analysis for Others by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 15: World Historic Review for Others by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 16: World 15-Year Perspective for Others by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030

III. MARKET ANALYSIS

  • UNITED STATES
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
    • TABLE 17: USA Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 18: USA Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 19: USA 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • CANADA
    • TABLE 20: Canada Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 21: Canada Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 22: Canada 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • JAPAN
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
    • TABLE 23: Japan Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 24: Japan Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 25: Japan 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • CHINA
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
    • TABLE 26: China Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 27: China Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 28: China 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • EUROPE
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
    • TABLE 29: Europe Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 30: Europe Historic Review for Electrolysis Merchant Hydrogen Generation by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 31: Europe 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030
    • TABLE 32: Europe Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 33: Europe Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 34: Europe 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • FRANCE
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
    • TABLE 35: France Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 36: France Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 37: France 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • GERMANY
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
    • TABLE 38: Germany Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 39: Germany Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 40: Germany 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • ITALY
    • TABLE 41: Italy Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 42: Italy Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 43: Italy 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • UNITED KINGDOM
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
    • TABLE 44: UK Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 45: UK Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 46: UK 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • SPAIN
    • TABLE 47: Spain Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 48: Spain Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 49: Spain 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • RUSSIA
    • TABLE 50: Russia Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 51: Russia Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 52: Russia 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • REST OF EUROPE
    • TABLE 53: Rest of Europe Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 54: Rest of Europe Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 55: Rest of Europe 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • ASIA-PACIFIC
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
    • TABLE 56: Asia-Pacific Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 57: Asia-Pacific Historic Review for Electrolysis Merchant Hydrogen Generation by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 58: Asia-Pacific 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030
    • TABLE 59: Asia-Pacific Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 60: Asia-Pacific Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 61: Asia-Pacific 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • AUSTRALIA
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
    • TABLE 62: Australia Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 63: Australia Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 64: Australia 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • INDIA
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
    • TABLE 65: India Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 66: India Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 67: India 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • SOUTH KOREA
    • TABLE 68: South Korea Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 69: South Korea Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 70: South Korea 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • REST OF ASIA-PACIFIC
    • TABLE 71: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 72: Rest of Asia-Pacific Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 73: Rest of Asia-Pacific 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • LATIN AMERICA
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
    • TABLE 74: Latin America Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 75: Latin America Historic Review for Electrolysis Merchant Hydrogen Generation by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 76: Latin America 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2015, 2025 & 2030
    • TABLE 77: Latin America Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 78: Latin America Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 79: Latin America 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • ARGENTINA
    • TABLE 80: Argentina Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 81: Argentina Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 82: Argentina 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • BRAZIL
    • TABLE 83: Brazil Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 84: Brazil Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 85: Brazil 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • MEXICO
    • TABLE 86: Mexico Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 87: Mexico Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 88: Mexico 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • REST OF LATIN AMERICA
    • TABLE 89: Rest of Latin America Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 90: Rest of Latin America Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 91: Rest of Latin America 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • MIDDLE EAST
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
    • TABLE 92: Middle East Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
    • TABLE 93: Middle East Historic Review for Electrolysis Merchant Hydrogen Generation by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 94: Middle East 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2015, 2025 & 2030
    • TABLE 95: Middle East Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 96: Middle East Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 97: Middle East 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • IRAN
    • TABLE 98: Iran Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 99: Iran Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 100: Iran 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • ISRAEL
    • TABLE 101: Israel Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 102: Israel Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 103: Israel 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • SAUDI ARABIA
    • TABLE 104: Saudi Arabia Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 105: Saudi Arabia Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 106: Saudi Arabia 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • UNITED ARAB EMIRATES
    • TABLE 107: UAE Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 108: UAE Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 109: UAE 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • REST OF MIDDLE EAST
    • TABLE 110: Rest of Middle East Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 111: Rest of Middle East Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 112: Rest of Middle East 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030
  • AFRICA
    • Electrolysis Merchant Hydrogen Generation Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
    • TABLE 113: Africa Recent Past, Current & Future Analysis for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
    • TABLE 114: Africa Historic Review for Electrolysis Merchant Hydrogen Generation by Application - Petroleum Refinery, Chemical, Metal and Others Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
    • TABLE 115: Africa 15-Year Perspective for Electrolysis Merchant Hydrogen Generation by Application - Percentage Breakdown of Value Sales for Petroleum Refinery, Chemical, Metal and Others for the Years 2015, 2025 & 2030

IV. COMPETITION