The global hydrogen generation market size is expected to reach around US$ 219.2 billion by 2030 from US$ 129.6 billion in 2020 and is expected to grow at an impressive double-digit rate of 5.4% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global hydrogen generation market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
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Crucial factors accountable for market growth are:
- Rising government initiatives to reduce carbon emission
- Rising demand for green energy in developed countries
- Rising industrialization in developing nations
- Growing demand for hydrogen across various industries
- Rising demand from the ammonia industry
- Developmental strategies adopted by the market players
Report Highlights
- Based on the technology, the steam methane reforming segment dominated the market. This is attributable to the extensive usage of this technology across the globe for producing hydrogen. It is a mature technology and it generates hydrogen at a cheap cost. The rising industrialization is boosting the demand for the hydrogen for energy production across various industries, thereby boosting the growth of this segment.
- Based on the application, the others segment is expected to be the fastest-growing segment owing to the growing chemical industry. Chemical is a huge industry that contributes significantly towards the GDP growth. In chemical industry, the hydrogen is produced as a by-product and is supplied to numerous industries. Therefore, this segment is estimated to grow rapidly during the forecast period.
- Based on system type, the captive segment is estimated to be the most opportunistic segment during the forecast period. Captive segment means the on-site generation of hydrogen. Captive system is very widely used in the developed markets owing to the developed infrastructure. Further, it eliminates the distribution costs as in this system, hydrogen is produced and consumed on the site itself.
Report Scope of the Hydrogen Generation Market
| Report Coverage | Details |
| Market Size in 2020 | US$ 129.6 Billion |
| Growth Rate | CAGR of 5.4% from 2021 to 2030 |
| Market Size | US$ 219.2 Billion by 2030 |
| Largest Market | Asia Pacific |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Technology, System Type, Application, Region |
| Companies Mentioned | Linde plc, Air Liquide International S.A., Hydrogenics, Inox, Messer Group GmbH, Weldstar, Inc., Praxair, Inc., McPhy, LNI Swissgas |
Regional Snapshots
Asia Pacific is the dominating and the fastest-growing market for hydrogen generation. This is attributed to the rising number of manufacturing plants and development of various industries in the region. The rapid industrialization has fostered the growth of the hydrogen generation market in Asia Pacific. The robust economic development in the nations like Japan, China, and India has exponentially increased the consumption of hydrogen across various industries. The rising government expenditure on building infrastructure for the distribution of various goods and government policies to attract FDIs is expected to foster the industrial development in the region, which in turn is expected to drive the growth of the hydrogen generation market in the region during the forecast period.
Why should you invest in this report?
If you are aiming to enter the global hydrogen generation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hydrogen generation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global hydrogen generation market include:
- Linde plc
- Air Liquide International S.A.
- Hydrogenics
- Inox
- Messer Group GmbH
- Air Products and Chemicals, Inc.
- Weldstar, Inc.
- Praxair, Inc.
- McPhy
- LNI Swissgas
Market Segmentation:
By Technology
- Coal Gasification
- Steam Methane Reforming
- Others
By Application
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
By System Type
- Merchant
- Captive
Regional Analysis:
The geographical analysis of the global hydrogen generation market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global hydrogen generation Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global hydrogen generation market in 2030?
- What is the expected CAGR for the hydrogen generation market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global hydrogen generation market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hydrogen Generation Market, By Technology
7.1. Hydrogen Generation Market, by Technology Type, 2021-2030
7.1.1. Coal Gasification
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Steam Methane Reforming
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Others
7.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Hydrogen Generation Market, By Application
8.1. Hydrogen Generation Market, by Application, 2021-2030
8.1.1. Methanol Production
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Ammonia Production
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Petroleum Refinery
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Transportation
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Power Generation
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Others
8.1.6.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Hydrogen Generation Market, By System
9.1. Hydrogen Generation Market, by System, 2021-2030
9.1.1. Merchant
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Captive
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Hydrogen Generation Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Technology (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. Market Revenue and Forecast, by System (2019-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4.3. Market Revenue and Forecast, by System (2019-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.5.3. Market Revenue and Forecast, by System (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Technology (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. Market Revenue and Forecast, by System (2019-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4.3. Market Revenue and Forecast, by System (2019-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5.3. Market Revenue and Forecast, by System (2019-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Technology (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6.3. Market Revenue and Forecast, by System (2019-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Technology (2019-2030)
10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.7.3. Market Revenue and Forecast, by System (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Technology (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. Market Revenue and Forecast, by System (2019-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4.3. Market Revenue and Forecast, by System (2019-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5.3. Market Revenue and Forecast, by System (2019-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Technology (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6.3. Market Revenue and Forecast, by System (2019-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Technology (2019-2030)
10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.7.3. Market Revenue and Forecast, by System (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. Market Revenue and Forecast, by System (2019-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4.3. Market Revenue and Forecast, by System (2019-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5.3. Market Revenue and Forecast, by System (2019-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Technology (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6.3. Market Revenue and Forecast, by System (2019-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Technology (2019-2030)
10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.7.3. Market Revenue and Forecast, by System (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Market Revenue and Forecast, by System (2019-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Technology (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4.3. Market Revenue and Forecast, by System (2019-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Technology (2019-2030)
10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.5.3. Market Revenue and Forecast, by System (2019-2030)
Chapter 11. Company Profiles
11.1. Linde plc
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Air Liquide International S.A.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Hydrogenics
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Inox
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Messer Group GmbH
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Air Products and Chemicals, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Weldstar, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Praxair, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. McPhy
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. LNI Swissgas
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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