Rising Tide: Global Hydrogen Market Amidst Climate Change Challenges
Key Ideas
  • Global warming and carbon emissions are boosting the hydrogen market, with the global hydrogen generation market projected to reach $259 billion by 2033, growing at a CAGR of 5.75%.
  • The U.S., China, and Europe are expected to account for 80% of the global hydrogen supply by 2030, with China leading in electrolysis projects and the U.S. dominating in fuel cell vehicles.
  • Germany and the U.S. are investing heavily in hydrogen projects, with plans to decrease costs and enhance electrolysis technologies, contributing to the market's growth.
  • Linde plc (NASDAQ:LIN) is a significant player in the hydrogen market, offering industrial gases including hydrogen and process plants, despite a revenue decrease, the company's operating profit and EPS have shown positive growth in 2024.
In the face of escalating global warming concerns and record-breaking temperatures, the hydrogen market is witnessing significant growth driven by the need for cleaner energy sources. The market is on track to hit $259 billion by 2033, with a projected CAGR of 5.75%. Countries like the U.S., China, and Europe are spearheading this growth, with the U.S. leading in fuel cell vehicles production and China excelling in electrolysis projects. Germany and the U.S. are actively investing in hydrogen initiatives to drive down costs and enhance technology. Linde plc (NASDAQ:LIN), a key player in the industry, specializes in providing industrial gases, including hydrogen, to various sectors. Despite a slight revenue decline, the company's operating profit and EPS have shown positive growth in 2024. Linde plc has announced plans for expansion, including the initiation of a new electrolyzer in Brazil to produce green hydrogen. The company remains optimistic about its future performance, with a healthy backlog and ongoing developments supporting its growth trajectory.
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