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Many hardware wallets provide the passphrase function that allows you to protect your assets even if your 24 seed phrases are compromised. But I worry that the different companies use different passphrase algorithms. Let's say I store my Bitcoin on Ledger using 24 words + passphrase and 10 years later, Ledger company does not exist. Can I recover my wallet to other hardware wallets?

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Most wallets use the same algorithm, as it is an open standard, BIP-39.

A notable exception is Electrum, which uses a similar, but slightly different mechanism. This is publicly documented and can be reproduced by others.

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