Global Growth in Hydrogen Market and Top Companies to Watch
Key Ideas
- The hydrogen market is on a significant growth trajectory due to the increasing global focus on green and clean energy sources, with an expected market value of $259 billion by 2033.
- China leads in electrolysis projects, showcasing the largest electrolysis project in the world, while Germany and the U.S. are also making substantial investments in hydrogen technologies.
- Exxon Mobil Corporation (NYSE:XOM) is one of the top companies venturing into the hydrogen segment, showing impressive operational performance and attracting investor interest.
- Investors are looking into hydrogen and fuel cell stocks as part of the expanding energy market, with hedge fund investments indicating promising growth potential in this sector.
The global hydrogen market is experiencing significant growth, driven by the increasing focus on green and clean energy sources due to climate change concerns. The market, valued at $148 billion in 2023, is expected to reach $259 billion by 2033, with a compound annual growth rate of 5.75%. BloombergNEF predicts a thirty-fold increase in hydrogen supply by 2030, led by electrolysis and the rise of blue hydrogen. The U.S., China, and Europe are poised to contribute 80% of the global supply by 2030, with the U.S. leading in fuel cell vehicle production.
China stands out in the hydrogen market with significant investments in electrolysis projects, including the world's largest electrolyzer in Xinjiang. Germany and the U.S. are also actively investing in hydrogen technologies, with government funding supporting large projects and advanced electrolysis technologies. Exxon Mobil Corporation (NYSE:XOM) is making strides in the hydrogen segment, showing strong operational performance and attracting investor interest due to its potential to reach a $1 trillion market cap.
Investors are eyeing hydrogen and fuel cell stocks for investment opportunities, with hedge fund holdings indicating promising growth potential in the sector. As the market continues to expand, companies like Exxon Mobil Corporation are exploring new avenues in clean energy production, aligning with the global shift towards sustainable energy solutions.
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Power
Climate Change
Investment
Technology Advancements
Global Market
Energy Industry
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