Hydrogen Generation Market
Global Industry Analysis and Forecast 2023-2030
Pages : 120
Base Year : 2022
Release Year : May 2024
Format :
Report ID: KR 333
Base Year
2022
Forecast Year
2023-2030
Historical Years
2018-2021
Market Value (2022)
USD 154.57 Billion
Forecasted Value (2030)
USD 225.78 Billion
CAGR (2023 – 2030)
4.85%
Fastest Growing Region (2023 - 2030)
Asia Pacific
Largest Region
North America
By Source
Green Hydrogen, Blue Hydrogen, Gray Hydrogen
By Process
Steam Methane Reforming, Coal Gasification, Electrolysis, Others
By Delivery Mode
Captive, Merchant
By Application
Chemical Processing, Transportation, Petroleum Recovery, Power Generation, Others
TABLE OF CONTENT
1 INTRODUCTION OF THE GLOBAL HYDROGEN GENERATION MARKET
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
4 GLOBAL HYDROGEN GENERATION MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
5 IMPACT OF RUSSIA-UKRAINE WAR
6 GLOBAL HYDROGEN GENERATION MARKET, BY SOURCE
6.1 Overview
6.2 Green Hydrogen
6.3 Blue Hydrogen
6.4 Gray Hydrogen
7 GLOBAL HYDROGEN GENERATION MARKET, BY PROCESS
7.1 Overview
7.2 Steam Methane Reforming
7.3 Coal Gasification
7.4 Electrolysis
7.5 Others
8 GLOBAL HYDROGEN GENERATION MARKET, BY DELIVERY MODE
8.1 Overview
8.2 Captive
8.3 Merchant
9 GLOBAL HYDROGEN GENERATION MARKET, BY APPLICATION
9.1 Overview
9.2 Chemical Processing
9.3 Transportation
9.4 Petroleum Recovery
9.5 Power Generation
9.6 Others
10 GLOBAL HYDROGEN GENERATION MARKET, BY GEOGRAPHY
10.1 Overview
11 NORTH AMERICA
11.1 U.S.
11.2 Canada
11.3 Mexico
12 EUROPE
12.1 Germany
12.2 U.K.
12.3 France
12.4 Italy
12.5 Spain
12.6 Russia
12.7 Rest of Europe
13 ASIA PACIFIC
13.1 China
13.2 Japan
13.3 India
13.4 South Korea
13.5 Rest of Asia Pacific
14 MIDDLE EAST & AFRICA
14.1 GCC
14.2 South Africa
14.3 North Africa
14.4 Rest of Middle East & Africa
15 LATIN AMERICA
15.1 Brazil
15.2 Argentina
15.3 Rest of South America
16 GLOBAL HYDROGEN GENERATION MARKET COMPETITIVE LANDSCAPE
16.1 Overview
16.2 Key Developments
16.3 Key Strategic Developments
16.4 Company Market Ranking
16.5 Regional Footprint
16.6 Industry Footprint
17 COMPANY PROFILES
17.1 Air Products and Chemicals, Inc.
17.1.1 Key Facts
17.1.2 Financial Overview
17.1.3 Product Benchmarking
17.1.4 Recent Developments
17.1.5 Winning Imperatives
17.1.6 Current Focus & Strategies
17.1.7 Threat from competition
17.1.8 SWOT Analysis
17.2 Linde plc
17.2.1 Key Facts
17.2.2 Financial Overview
17.2.3 Product Benchmarking
17.2.4 Recent Developments
17.2.5 Winning Imperatives
17.2.6 Current Focus & Strategies
17.2.7 Threat from competition
17.2.8 SWOT Analysis
17.3 Air Liquide
17.3.1 Key Facts
17.3.2 Financial Overview
17.3.3 Product Benchmarking
17.3.4 Recent Developments
17.3.5 Winning Imperatives
17.3.6 Current Focus & Strategies
17.3.7 Threat from competition
17.3.8 SWOT Analysis
17.4 Cummins Inc.
17.4.1 Key Facts
17.4.2 Financial Overview
17.4.3 Product Benchmarking
17.4.4 Recent Developments
17.4.5 Winning Imperatives
17.4.6 Current Focus & Strategies
17.4.7 Threat from competition
17.4.8 SWOT Analysis
17.5 Plug Power Inc.
17.5.1 Key Facts
17.5.2 Financial Overview
17.5.3 Product Benchmarking
17.5.4 Recent Developments
17.5.5 Winning Imperatives
17.5.6 Current Focus & Strategies
17.5.7 Threat from competition
17.5.8 SWOT Analysis
17.6 Ballard Power Systems Inc.
17.6.1 Key Facts
17.6.2 Financial Overview
17.6.3 Product Benchmarking
17.6.4 Recent Developments
17.7 ITM Power plc
17.7.1 Key Facts
17.7.2 Financial Overview
17.7.3 Product Benchmarking
17.7.4 Recent Developments
17.8 Nel ASA
17.8.1 Key Facts
17.8.2 Financial Overview
17.8.3 Product Benchmarking
17.8.4 Recent Developments
17.9 McPhy Energy S.A.
17.9.1 Key Facts
17.9.2 Financial Overview
17.9.3 Product Benchmarking
17.9.4 Recent Developments
17.10 FuelCell Energy, Inc.
17.10.1 Key Facts
17.10.2 Financial Overview
17.10.3 Product Benchmarking
17.10.4 Recent Developments
17.11 ENGIE SA
17.11.1 Key Facts
17.11.2 Financial Overview
17.11.3 Product Benchmarking
17.11.4 Recent Developments
LIST OF TABLES
TABLE 1 Global Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 2 Global Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 3 Global Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 4 Global Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 5 Global Hydrogen Generation Market Revenue, By Geography, 2020 - 2030 (USD Billion)
TABLE 6 North America Hydrogen Generation Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 7 North America Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 8 North America Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 9 North America Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 10 North America Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 11 US Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 12 US Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 13 US Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 14 US Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 15 Canada Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 16 Canada Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 17 Canada Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 18 Canada Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 19 Mexico Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 20 Mexico Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 21 Mexico Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 22 Mexico Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 23 Europe Hydrogen Generation Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 24 Europe Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 25 Europe Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 26 Europe Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 27 Europe Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 28 Germany Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 29 Germany Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 30 Germany Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 31 Germany Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 32 France Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 33 France Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 34 France Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 35 France Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 36 U.K. Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 37 U.K. Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 38 U.K. Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 39 U.K. Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 40 Spain Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 41 Spain Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 42 Spain Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 43 Spain Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 44 Italy Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 45 Italy Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 46 Italy Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 47 Italy Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 48 Russia Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 49 Russia Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 50 Russia Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 51 Russia Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 52 Rest of Europe Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 53 Rest of Europe Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 54 Rest of Europe Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 55 Rest of Europe Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 56 Asia-Pacific Hydrogen Generation Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 57 Asia-Pacific Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 58 Asia-Pacific Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 59 Asia-Pacific Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 60 Asia-Pacific Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 61 China Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 62 China Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 63 China Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 64 China Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 65 Japan Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 66 Japan Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 67 Japan Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 68 Japan Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 69 India Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 70 India Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 71 India Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 72 India Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 73 South Korea Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 74 South Korea Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 75 South Korea Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 76 South Korea Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 77 Rest of Asia-Pacific Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 78 Rest of Asia-Pacific Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 79 Rest of Asia-Pacific Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 80 Rest of Asia-Pacific Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 81 Middle East and Africa Hydrogen Generation Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 82 Middle East and Africa Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 83 Middle East and Africa Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 84 Middle East and Africa Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 85 Middle East and Africa Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 86 GCC Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 87 GCC Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 88 GCC Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 89 GCC Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 90 North Africa Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 91 North Africa Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 92 North Africa Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 93 North Africa Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 94 South Africa Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 95 South Africa Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 96 South Africa Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 97 South Africa Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 98 Rest of Middle East & Africa Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 99 Rest of Middle East & Africa Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 100 Rest of Middle East & Africa Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 101 Rest of Middle East & Africa Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 102 Latin America Hydrogen Generation Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 103 Latin America Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 104 Latin America Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 105 Latin America Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 106 Latin America Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 107 Brazil Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 108 Brazil Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 109 Brazil Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 110 Brazil Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 111 Argentina Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 112 Argentina Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 113 Argentina Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 114 Argentina Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 115 Rest of Latin America Hydrogen Generation Market Revenue, By Source, 2020 - 2030 (USD Billion)
TABLE 116 Rest of Latin America Hydrogen Generation Market Revenue, By Process, 2020 - 2030 (USD Billion)
TABLE 117 Rest of Latin America Hydrogen Generation Market Revenue, By Delivery Mode, 2020 - 2030 (USD Billion)
TABLE 118 Rest of Latin America Hydrogen Generation Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 119 Company Market Ranking
TABLE 120 Regional Footprint
TABLE 121 Product Benchmarking
TABLE 122 Recent Developments
TABLE 123 Winning Imperatives
LIST OF FIGURES
FIG. 1 Market Segmentation
FIG. 2 Research Timeline
FIG. 3 Global Hydrogen Generation Market 2020-2030 (USD Billion)
FIG. 4 Global Hydrogen Generation Market Geographical Analysis (CAGR %)
FIG. 5 Global Hydrogen Generation Absolute Market Opportunity (USD Billion)
FIG. 6 Global Hydrogen Generation Market Attractiveness (USD Billion)
FIG. 7 Global Hydrogen Generation Market, By Source, 2020-2030 (USD Billion)
FIG. 8 Global Hydrogen Generation Market, By Process, 2020-2030 (USD Billion)
FIG. 9 Global Hydrogen Generation Market, By Delivery Mode, 2020-2030 (USD Billion)
FIG. 10 Global Hydrogen Generation Market, By Application, 2020-2030 (USD Billion)
FIG. 11 Research Methodology
FIG. 12 Research Process
FIG. 13 Bottom-Up Approach
FIG. 14 Top-Bottom Approach
FIG. 15 Market Dynamics Overview
FIG. 16 Porter's Five Forces Analysis
FIG. 17 Value Chain Analysis
FIG. 18 Macroeconomic Analysis
FIG. 19 Global Hydrogen Generation Market Revenue Share, By Source, 2020 and 2030 (%)
FIG. 20 Global Hydrogen Generation Market Revenue Share, By Process, 2020 and 2030 (%)
FIG. 21 Global Hydrogen Generation Market Revenue Share, By Delivery Mode, 2020 and 2030 (%)
FIG. 22 Global Hydrogen Generation Market Revenue Share, By Application, 2020 and 2030 (%)
FIG. 23 Global Hydrogen Generation Market Revenue Share, By Geographic Regions, 2020 and 2030 (%)
FIG. 24 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 25 North America Hydrogen Generation Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 26 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 27 Europe Hydrogen Generation Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 28 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 29 Asia-Pacific Hydrogen Generation Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 30 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 31 Middle East & Africa Hydrogen Generation Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 32 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 33 Latin America Hydrogen Generation Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 34 Key Strategic Development
FIG. 35 Key Facts
FIG. 36 Financial Overview
FIG. 37 SWOT Analysis
CHOOSE LICENCE TYPE
Frequently Asked Questions (FAQ's)
The global market is projected to reach USD 225.78 billion by 2030, growing at a CAGR of 4.85% from 2023 to 2030.
The global market was valued at USD 154.57 billion in 2022.
Key drivers of this market include the growing demand for clean energy solutions to combat climate change, the expansion of renewable energy sources like wind and solar, and the potential of hydrogen to store and transport energy efficiently.
Top manufacturers of hydrogen generation are Air Products and Chemicals, Inc., Linde plc, Air Liquide, Danaher Corporation (Pall), Plug Power Inc., Ballard Power Systems Inc., ITM Power plc, Starlab Scientific Co., Thermo Fisher Scientific Inc., Meissner Filtration Products, Inc, and others.
Asia Pacific is the fastest growing region in the hydrogen generation market over the forecast period.
By process, electrolysis will hold the maximum share in the hydrogen generation market by 2030.