The Global Hydrogen Supply Market was valued at USD 166.54 Billion in 2023 and is projected to reach USD 290.81 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.5% during the forecast period (2024–2030). This growth is being driven by global decarbonization efforts, increasing investment in green hydrogen infrastructure, and the accelerating adoption of hydrogen fuel cell technologies across transportation, industrial, and power generation sectors.

As the global energy landscape transforms toward zero-emission operations and sustainable growth, the spotlight is on the key gas suppliers and technology providers who are driving innovation, efficiency, and cleaner energy pathways. In this blog, we profile the Top 10 Companies in the Hydrogen Supply Industry—a mix of industrial gas giants, energy majors, and green hydrogen pioneers shaping the future of global clean energy.

🔟 1. Air Liquide

Headquarters: Paris, France
Key Offering: Gaseous Hydrogen, Liquid Hydrogen, Hydrogen Refueling Stations

Air Liquide is among the world’s leading industrial gas companies, offering comprehensive hydrogen solutions across global markets. Their hydrogen division serves mobility, refining, and industrial applications, with growing investments in electrolyzer technologies and large-scale renewable hydrogen projects.

Sustainability Initiatives:

• Committed to total CO₂ emissions reduction of 33% by 2035

• Target of nearly 3 GW electrolysis capacity by 2030

• Partner in multiple European Hydrogen Backbone initiatives

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

9️⃣ 2. Linde plc

Headquarters: Guildford, United Kingdom
Key Offering: Gaseous Hydrogen, Liquid Hydrogen, Hydrogen Refueling Infrastructure

Linde operates hydrogen production plants across 30+ countries and is a leader in clean hydrogen technology deployment. The company supplies hydrogen to over 100 refueling stations worldwide and continues to expand its electrolysis capabilities.

Sustainability Initiatives:

• Investing $1.8 billion in clean energy projects including hydrogen

• Developing world’s largest PEM electrolyzer in Leuna, Germany

8️⃣ 3. Air Products

Headquarters: Allentown, Pennsylvania, USA
Key Offering: Liquid Hydrogen, Gaseous Hydrogen, Hydrogen Refueling Solutions

Air Products is a global leader in hydrogen production and supply, serving refinery, chemical, and emerging energy markets with a focus on large-scale, low-carbon hydrogen production.

Sustainability Initiatives:

• World’s largest green hydrogen project in NEOM, Saudi Arabia ($5 billion investment)

• Operating over 250 hydrogen fueling stations globally

7️⃣ 4. Shell

Headquarters: London, United Kingdom
Key Offering: Grey Hydrogen, Blue Hydrogen, Green Hydrogen, Refueling Stations

Shell is investing heavily in hydrogen as part of its net-zero emissions strategy, with major projects spanning production, distribution, and retail fueling infrastructure.

Sustainability Initiatives:

• Target of 10% global hydrogen market share by 2030

• Developing 10+ hydrogen hubs across North America and Europe

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

6️⃣ 5. Iwatani Corporation

Headquarters: Osaka, Japan
Key Offering: Liquid Hydrogen, Gaseous Hydrogen, Hydrogen Refueling Equipment

Iwatani is Japan’s leading hydrogen supplier through its ‘Hydrogen Supply Business’ model, operating 70% of Japan’s hydrogen refueling stations and expanding international operations.

Sustainability Initiatives:

• Partnering with Japanese government on national hydrogen strategy

• Expanding U.S. hydrogen refueling network through strategic acquisitions

5️⃣ 6. SakaiLNG

Headquarters: Sakai, Japan
Key Offering: Liquid Hydrogen, LNG-Hydrogen Co-supply

SakaiLNG is Japan’s pioneering LNG terminal operator developing integrated hydrogen supply chain solutions, including large-scale liquid hydrogen receiving terminals.

Sustainability Initiatives:

• Operating Kobe LH2 terminal with 10,000 m³ capacity

• Strategic partnerships for maritime hydrogen transport development

4️⃣ 7. JX Holdings (ENEOS)

Headquarters: Tokyo, Japan
Key Offering: Hydrogen Production, Hydrogen Refueling Stations, Fuel Cell Technologies

JX Holdings, through its ENEOS subsidiary, is Japan’s largest hydrogen supplier and refiner, developing comprehensive hydrogen value chains from production to utilization.

Sustainability Initiatives:

• Targeting 500,000 tons/year of low-carbon hydrogen supply by 2030.

  Sustainability Initiatives:

  • Developing hydrogen refueling station network across Japanese metropolitan areas

  • R&D focus on hydrogen production from refinery off-gases

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  3️⃣ 8. Praxair (Now Linde)

  Headquarters: Danbury, Connecticut, USA
  Key Offering: Gaseous Hydrogen, Liquid Hydrogen, On-site Generation

  Praxair, now part of Linde, was a leading industrial gas company with significant hydrogen production assets and technologies now contributing to Linde’s global leadership position.

  Sustainability Initiatives:

  • Legacy projects include major hydrogen pipelines and large-scale production facilities across North America.

    Sustainability Initiatives:

    • Major supplier to U.S. Gulf Coast hydrogen pipeline network

    • Historic investments in steam methane reforming with carbon capture

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    2️⃣ 9. Hydrogenics

    Headquarters: Mississauga, Canada
    Key Offering: Electrolyzers, Fueling Stations, Power Systems

    Hydrogenics, now part of Cummins, is a technology leader in electrolysis and fuel cell systems, providing hydrogen production and utilization solutions worldwide.

    Sustainability Initiatives:

    • Pioneering PEM electrolysis technology for renewable hydrogen production

    • Developing megawatt-scale electrolyzers for industrial applications

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    1️⃣ 10. Shenhua Group

    Headquarters: Beijing, China
    Key Offering: Coal-to-Hydrogen, Hydrogen Refueling, Fuel Cell Vehicles

    Shenhua Group, now part of China Energy, is China’s largest hydrogen producer from coal gasification, while increasingly investing in renewable hydrogen projects.

    Sustainability Initiatives:

    • Developing carbon capture for coal-based hydrogen production

    • Major player in China’s national hydrogen energy development strategy

    Read Full Report: Hydrogen Supply Market – View in Detailed Research Report

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    🌍 Outlook: The Future of Hydrogen Supply Is Cleaner and Smarter

    The hydrogen supply market is undergoing a fundamental transformation. While conventional production methods still dominate current supply, the industry is investing tens of billions in low-carbon hydrogen production, electrolyzer technologies, and global hydrogen distribution networks.

    📈 Key Trends Shaping the Market:

    • Massive green hydrogen project announcements across Europe, Middle East, and Australia

    • Regulatory push for 10%-20% hydrogen blending in natural gas networks by 2030

    • Digitalization of hydrogen production and supply chain management

    • Cross-industry partnerships for hydrogen corridor development

    Read Full Report: Hydrogen Supply Market – View in Detailed Research Report

    The companies listed above are not only supplying global hydrogen demand—they’re spearheading the global energy transition toward a sustainable future.

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    Rohit k

    

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