The Russia Hydrogen market demand stood at 830 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.97% during the forecast period until 2034.
Hydrogen plays a pivotal role as a critical feedstock in ammonia production, particularly in key sectors such as fertilizers. Its role as an energy carrier, rather than a direct source, underscores its efficiency in storing and transporting substantial energy. With versatile applications ranging from fuel cells that generate electricity, power, and heat, hydrogen is currently deployed in petroleum refining and fertilizer production, gaining traction in expanding markets. Hydrogen is employed in fuel cell technologies as well. In fuel cells, hydrogen serves as an environmentally friendly fuel, producing water, electricity, and heat. The combination of hydrogen with natural gas finds diverse applications, including heat generation in various sectors. The future prospects for hydrogen and fuel cells are promising, offering diverse opportunities across transportation, commercial, and industrial domains.
The hydrogen market in Russia is primarily driven by its role as a feedstock in ammonia production, specifically for the fertilizer sector. In Russia, hydrogen is predominantly utilized as a raw material in emission-intensive industrial sectors, including oil refining, ammonia and methanol production, and steel production. Currently, a significant proportion of hydrogen feedstock is obtained through the steam methane reforming of natural gas, a process without carbon capture and storage. However, in response to the global imperative to reduce carbon emissions and transition to cleaner energy sources, Russia is exploring hydrogen as a versatile and low-carbon fuel. Hydrogen's potential is being leveraged in various applications, such as fuel for power generation through combustion in turbines or in stationary fuel cell power plants. As a cleaner-burning molecule, hydrogen provides an alternative to fossil fuels in processes requiring high-grade heat for industrial applications. The acknowledgment of hydrogen's versatility extends to industries like transportation and energy storage, positioning it as a strategic driver for economic growth in Russia. Hence, Russia Hydrogen market is likely to reach nearly 1280 thousand tonnes in the year 2034.
Based on the end-user industry, the Russia Hydrogen market is segmented into Ammonia, Refining, Methanol, Fuel, and Others. As of 2023, the predominant market share of hydrogen is prominently used by Ammonia, accounting for approximately 50% of the market.
Main players in the Russia Hydrogen market are Linde plc and Kawasaki. Other players in the global Hydrogen market are Air Liquide, Air Products, Linde plc, Praxair, and Sinopec, Flint Hills Resources Lp, Bp West Coast Products Llc, Valero, Phillips 66 Company, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Russia Hydrogen which covers production, demand and supply of Hydrogen market in Russia.
• To analyse and forecast the market size of Russia Hydrogen
• To classify and forecast Russia Hydrogen market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen market in Russia.
To extract data for Russia Hydrogen market, primary research surveys were conducted with Hydrogen manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Russia Hydrogen market over the coming years.
ChemAnalyst calculated Hydrogen demand across the Russia region by analysing the volume of Hydrogen consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Hydrogen manufacturers and other stakeholders
• Organizations, forums and alliances related to Hydrogen distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Russia Hydrogen market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
830 thousand tonnes
Market size Volume by 2034
1280 thousand tonnes
Growth Rate
CAGR of 3.97% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Ammonia, Refining, Methanol, Fuel, and Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of Russia Hydrogen market in terms of volume in 2023?
Ans:
The size of Russia Hydrogen market has grown significantly in the historic period and had reached approximately 830 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen?
Ans:
Ammonia industry is the leading consumer of Hydrogen.
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