The Global Industrial Hydrogen Market was valued at USD 124.19 Billion in 2022 and is projected to reach USD 156.62 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2022–2029). This sustained expansion is primarily fueled by the global push for decarbonization, increasing hydrogen adoption in refining and chemical processes, and the accelerating development of green and low-carbon hydrogen production technologies.

As industries worldwide pivot toward cleaner energy sources to meet climate goals, hydrogen is emerging as a cornerstone of the energy transition. Leading industrial gas and energy companies are investing billions in production capacity, infrastructure, and technological innovation. This blog profiles the Top 10 Companies in the Industrial Hydrogen Industry—key players who are building the supply chains and solutions essential for a hydrogen-powered future.

Download FREE Sample Report:
Industrial Hydrogen Market – View in Detailed Research Report

---

🔟 1. Linde plc

Headquarters: Guildford, United Kingdom (Operational Headquarters: Woking, UK)
Key Offering: Gaseous & Liquid Hydrogen, Hydrogen Purity Solutions, On-Site Generation

Linde is a global leader in the industrial gases market, with an extensive hydrogen production and distribution network. The company operates some of the world’s largest hydrogen plants and pipelines, serving key sectors like refining, chemicals, and electronics. Linde is heavily invested in advancing clean hydrogen through electrolysis and carbon capture technologies.

Sustainability Initiatives:

• Investing over $1 billion in clean hydrogen projects globally

• Developing large-scale electrolyzers for green hydrogen production

• Targeting climate neutrality by 2035

---

9️⃣ 2. Air Liquide

Headquarters: Paris, France
Key Offering: Liquid & Compressed Hydrogen, Hydrogen Refueling Stations, Technological Solutions

Air Liquide is a major force in the hydrogen economy, with decades of experience in production and distribution. The company manages a vast global infrastructure, including over 1,000 km of hydrogen pipelines. It is a pioneer in hydrogen mobility, having installed numerous refueling stations worldwide.

Sustainability Initiatives:

• Committed to investing approximately €8 billion in the low-carbon hydrogen value chain by 2035

• Large-scale green and blue hydrogen projects underway in Europe, the US, and Asia

---

8️⃣ 3. Air Products and Chemicals, Inc.

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Merchant Hydrogen, On-Site Supply, Hydrogen Equipment

Air Products is one of the world’s largest hydrogen producers, supplying over 1.5 million tons of hydrogen annually through its extensive pipeline networks and production facilities. The company is making landmark investments in mega-scale green hydrogen projects to accelerate the energy transition.

Sustainability Initiatives:

• Committing $15+ billion to clean energy projects, including the world’s largest green hydrogen facility in Saudi Arabia (NEOM)

• Developing large-scale, net-zero hydrogen energy complexes

---

7️⃣ 4. Air Water Inc.

Headquarters: Osaka, Japan
Key Offering: Industrial Gases including Hydrogen, Chemical Products

Air Water is a leading industrial gas company in Japan, playing a critical role in the country’s hydrogen strategy. The company is active across the entire value chain, from production and liquefaction to transportation and application development, particularly for mobility and power generation.

Sustainability Initiatives:

• Actively developing hydrogen supply chains for fuel cell vehicles and power plants

• Investing in by-product hydrogen utilization and green hydrogen production

Download FREE Sample Report:
Industrial Hydrogen Market – View in Detailed Research Report

---

6️⃣ 5. Taiyo Nippon Sanso Corporation

Headquarters: Tokyo, Japan
Key Offering: High-Purity Hydrogen, On-Site Generators, Hydrogen Peroxide

As part of the Mitsubishi Chemical Holdings Group, Taiyo Nippon Sanso is a key hydrogen supplier in Asia and globally. The company provides high-purity hydrogen essential for electronics manufacturing, metal treatment, and analytical applications, alongside developing solutions for the energy sector.

Sustainability Initiatives:

• Expanding hydrogen infrastructure to support Japan’s carbon neutrality goals

• Research into efficient hydrogen liquefaction and transportation technologies

---

5️⃣ 6. Messer Group

Headquarters: Bad Soden, Germany
Key Offering: Hydrogen Gas & Liquid, Specialty Gases, Application Technology

Messer is the largest privately managed industrial gas specialist, operating in Europe, Asia, and the Americas. The company offers a wide range of hydrogen purity grades and is investing in new production methods to supply the growing demand from various industries.

Sustainability Initiatives:

• Focusing on increasing the share of green hydrogen in its product portfolio

• Developing carbon-neutral solutions for industrial customers

---

4️⃣ 7. Yingde Gases Group Company

Headquarters: Guangdong, China
Key Offering: On-Site Hydrogen Supply, Merchant Hydrogen, Bulk Gases

Yingde Gases is one of China’s leading industrial gas providers, with a significant footprint in the hydrogen market. The company supports China’s burgeoning industrial sector, supplying hydrogen for chemical synthesis, metallurgy, and electronics, and is scaling up to meet national hydrogen energy goals.

Sustainability Initiatives:

• Aligning with China’s national hydrogen energy industry development plan

• Investing in production facilities to support low-carbon industrial processes

---

3️⃣ 8. IHI Corporation

Headquarters: Tokyo, Japan
Key Offering: Hydrogen Production Plants, Liquefaction Technology, Storage Systems

IHI is a heavy engineering conglomerate with a strong focus on energy and plant engineering. The company is a key technology provider for hydrogen liquefaction, storage, and transportation infrastructure, playing a vital role in building the backbone of the global hydrogen supply chain.

Sustainability Initiatives:

• Developing large-scale hydrogen supply chains, including liquid hydrogen carriers

• Pioneering hydrogen combustion technologies for power generation

---

2️⃣ 9. Nel ASA

Headquarters: Oslo, Norway
Key Offering: Alkaline & PEM Electrolyzers, Hydrogen Refueling Stations (H2Station®)

Nel is a pure-play hydrogen company, specializing in electrolyzer technology for green hydrogen production and hydrogen fueling solutions. As a technology leader, Nel’s equipment is central to the production of renewable hydrogen from water and electricity.

Sustainability Initiatives:

• Goal to reduce the cost of green hydrogen production to $1.5/kg by 2025

• Expanding global manufacturing capacity for electrolyzers to gigawatt-scale

---

1️⃣ 10. ITM Power PLC

Headquarters: Sheffield, United Kingdom
Key Offering: PEM Electrolyzers, Refueling Solutions, Integrated Hydrogen Systems

ITM Power designs and manufactures integrated hydrogen energy solutions. The company’s proprietary Proton Exchange Membrane (PEM) electrolysis technology is used to produce green hydrogen for energy storage, transportation, and industrial applications.

Sustainability Initiatives:

• Operating the world’s largest PEM electrolyzer manufacturing facility

• Partnering on major green hydrogen projects across Europe

Get Full Report Here:
Industrial Hydrogen Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Industrial Hydrogen Is Green and Integrated

The industrial hydrogen market is at a pivotal juncture. While grey hydrogen from natural gas currently dominates production, the industry is rapidly shifting towards low-carbon and renewable hydrogen to meet global decarbonization targets. Massive investments in electrolysis, carbon capture, and infrastructure are reshaping the landscape.

📈 Key Trends Shaping the Market:

• Exponential growth in green hydrogen project announcements, particularly in Europe, North America, and Asia-Pacific

• Strong government support via policies like the US Inflation Reduction Act and EU Hydrogen Strategy

• Increasing integration of hydrogen in hard-to-abate sectors like steel, chemicals, and heavy transport

• Technological advancements driving down the cost of electrolyzers and renewable hydrogen production

Get Full Report Here:
Industrial Hydrogen Market – View in Detailed Research Report

The companies profiled are not just supplying hydrogen—they are actively constructing the foundation for a sustainable, hydrogen-based economy that will be critical for achieving a net-zero future.