Hydrogen Hubs Market

Hydrogen Hubs Companies - ARAMCO (Saudi Arabia) and Shell plc. (UK) are the Key Players

The hydrogen hubs market is valued at USD 1.9 billion in 2023 and is projected to reach USD 6.3 billion by 2030, at a CAGR of 18.7 % from 2023 to 2030. The market for hydrogen hubs and on-site infrastructure is poised for robust growth from 2023 to 2030, driven by global initiatives to decarbonize and shift towards cleaner energy. Increasing demand for hydrogen, seen as a versatile and low-carbon fuel, is bolstered by government commitments to ambitious climate targets, resulting in substantial investments in hydrogen projects and a supportive regulatory environment. The focus on green and blue hydrogen production, coupled with technological advancements, improves the efficiency and competitiveness of hydrogen hubs. Recognizing hydrogen's pivotal role in sustainability, industries are investing in on-site infrastructure development, ensuring a reliable supply chain. The expected expansion of hydrogen applications in transportation and industrial processes reinforces the positive growth trajectory, marking a transformative period in the global energy landscape.

Major Hydrogen Hubs Companies Include:

  • ARAMCO (Saudi Arabia)
  • Shell plc. (UK)
  • Linde plc. (UK)
  • Airbus (Netherlands)
  • Sinopec (China)  

Key players in the market are constantly developing new production, storage and conversion techniques that can improve the quality and scale of hydrogen from hubs. These advancements are making hubs more attractive for a wider range of applications. They are also focusing on partnerships and collaborations to expand their market presence and offer comprehensive solutions to customers.

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Aramco is positioned as one of the largest globally integrated energy and chemicals enterprises. It operates through key segments, namely Upstream and Downstream, with additional support from corporate activities. Aramco's primary Upstream focus involves exploring, developing, and producing crude oil, condensate, natural gas, and NGL primarily in Saudi Arabia. On the other hand, the Downstream segment encompasses a broad spectrum of activities, including refining, petrochemicals, base oils and lubricants, retail operations, distribution, supply and trading, as well as power generation, all conducted on a global scale. As part of its evolving sustainable business model, Aramco is targeting the production of up to 11 million tons of blue ammonia per annum by 2030 from its methane reforming plants with CCUS.

Shell plc.

Shell plc, a publicly listed British multinational oil and gas company headquartered in London, England, stands as a key player in Big Oil and is one of the largest investor-owned oil and gas companies globally in terms of revenue.  Shell is vertically integrated, participating in all aspects of the oil and gas industry, including exploration, production, refining, transport, distribution, marketing, petrochemicals, power generation, and trading. It is organized into four major business groups: Upstream, Integrated Gas and New Energies, Marketing, Chemicals and Products, and Renewables and Energy Solutions. The company's Integrated Gas and New Energies, Marketing and Renewables & Energy Solutions divisions manages its activities in the hydrogen value chain. These include the development of around 50 hydrogen retail stations around Europe and North America, Development of a large-scale green hydrogen hub in Europe (Holland Hydrogen 1) as well as power-to-hydrogen electrolyzer plants in Asia Pacific region

Airbus S.E.

Airbus SE is a prominent aerospace company headquartered in the Netherlands, specializing in the design and manufacturing of commercial aircraft. The company operates through three key reporting segments: AIRBUS, AIRBUS HELICOPTER, and AIRBUS DEFENSE & SPACE. Notably, Airbus has recently initiated extensive collaboration and technology development for the adoption of hydrogen and hydrogen infrastructure in the aviation industry. This strategic focus centers on addressing market needs with low-carbon hydrogen solutions. Airbus has formed partnerships, collaborations, and alliances with airports, airlines, and energy providers, promoting the "H2 Hub at airport" concept to adapt infrastructure for hydrogen use in aircraft. The company has entered into strategic partnerships globally to explore and understand the hydrogen ecosystem, facilitating the successful introduction of a hydrogen-powered aircraft by 2035. As part of its commitment to industry decarbonization, Airbus will continue advancing hydrogen technologies, particularly in propulsion and liquid hydrogen storage and distribution systems.

Linde plc.

Linde plc, established as a public limited company in Ireland with its main offices in the United Kingdom and the United States, holds the position of the largest global industrial gas company as of 2022. Linde's core offerings within its industrial gases division include atmospheric gases (oxygen, nitrogen, argon, and rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene). Additionally, the company is involved in the design and construction of equipment for industrial gas production. Linde provides a comprehensive range of gas production and processing services, encompassing olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants, and various other plant types to meet the diverse needs of its clientele.


Sinopec Corp. is one of the largest oil and gas producers and petrochemical companies globally. It is a state-owned Chinese firm formed in 1998 through the merger of China Petrochemical Corporation (Sinopec) and China Petroleum and Natural Gas Corporation (CNPC). Its primary activities encompass exploring and producing petroleum and natural gas, along with pipeline transportation and sales. The company is involved in the production, sale, storage, and transportation of various products, including refinery and petrochemical products, coal chemicals, synthetic fibers, and other chemicals. Furthermore, it engages in import and export operations, including agency services, for a range of commodities such as petroleum, natural gas, petrochemicals, and technologies. The company also focuses on research, development, and application of technologies and information, and has expanded into emerging energy sectors, including hydrogen production and services, battery charging and swapping, solar energy, wind energy, and other new energy-related services.

Related Reports:

Hydrogen Hubs Market by Industry (Automotive, Aviation, Marine), Supply Technique (SMR, Electrolysis), End Use (Liquid Hydrogen, Hydrogen Fuel Cell) & Region (North America, Europe, APAC, MEA, & Latin America) - Global Forecast to 2030

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Hydrogen Hubs Market Size,  Share & Growth Report
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