The hydrogen market could be worth $300 billion by 2027, says Global Market Insights. They note, “Increasing focus toward clean energy in the emerging economies coupled with rising utilization of hydrogen in new application areas comprising metal refining, power generation and heating for buildings among others will positively enhance the industry outlook. Stringent government standards & policies in various countries regulating the use of conventional methods are set to drive the global hydrogen market share.” That could be a significant catalyst for companies, such as Jericho Energy Ventures (TSXV:JEV)(OTC:JROOF), Plug Power (NASDAQ:PLUG), Ballard Power (NASDAQ:BLDP)(TSX:BLDP), Chart Industries, Inc. (NYSE: GTLS) and Baker Hughes (NYSE:BKR).
Helping quite a bit, Goldman Sachs calls hydrogen a “once in a lifetime opportunity,” saying the addressable market could be worth up to $11.7 trillion in the next 30 years. Plus, analysts at Bank of America says green hydrogen could be worth more than $11 trillion by 2050.