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Hydrogen Generation Market by Technology (SMR, ATR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode, and Region - Forecast to 2028

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    Report

  • 295 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 5275159
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The global hydrogen generation market is estimated to grow from USD 158.8 billion in 2023 to USD 257.9 billion by 2028; it is expected to record a CAGR of 10.2% during the forecast period. The escalating implementation of environmental regulations and the prevailing global impetus toward sustainable practices drives the market. Technological innovation, hydrogen mobility, and decentralization further boost the growth of the hydrogen generation market.

Gray Hydrogen: The largest segment of the hydrogen generation market, by source

Based on source, the hydrogen generation market has been segmented into gray hydrogen, blue hydrogen and green hydrogen. The gray hydrogen segment is expected to be the largest segment during the forecast period. Gray Hydrogen is derived from the most widely used method, steam methane reforming. SMR is a mature and cost effective process that convert natural gas into hydrogen. Additionally, The abundance and accessibility of natural gas as a feedstock contribute to the high production of gray hydrogen, as it remains a readily available and economically viable option.

Partial Oxidation segment is expected to be the second largest segment during the forecast period based on technology

By technology, the hydrogen generation market has been split into five types: steam methane reforming, partial oxidation, coal gasification, auto thermal reforming and electrolysis. The partial oxidation segment is expected to hold the second largest market share during the forecast period. Partial Oxidation is a versatile technology for the production of hydrogen over other technologies. It uses diverse feedstocks, such as natural gas, methane, and other organic compounds. Moreover, partial oxidation is known for its ability to yield a high-purity hydrogen stream.

By Application, transportation segment is expected to be the fastest growing segment during the forecast period

Based on the Application, the hydrogen generation market is segmented into methanol production, transportation, petroleum refinery, ammonia production, power generation, and others. The transportation segment is expected to be the fastest growing segment of the hydrogen generation market during the forecast period. As the world shifts towards more sustainable and environmentally friendly energy solutions, hydrogen fuel cell vehicles offer a promising alternative to internal combustion engine vehicles. They emit water vapours which makes them suitable for regions with stringent emissions regulations.

Asia-Pacific is expected to be the largest and fastest growing region in the hydrogen generation market

Asia-Pacific is expected to be the largest and fastest region in the hydrogen generation market during the forecast period. Asia-Pacific is one of the rapid growing economic region in the world with highest population in the world. Asia-Pacific has the highest greenhouse gas emission in the world. To overcome such issues, Asia-Pacific adopted green technology to efficiently meet the growing energy needs and reduce GHG emissions. For example, The India Energy Storage Alliance’s (IESA) MIGHT (Mobility and Infrastructure with Green Hydrogen Technologies) initiative aims to investigate options for India to utilize the potential of green hydrogen technologies for green energy acceleration and clean transportation uptake. According to a development plan for the hydrogen energy industry released by Chinese authorities in March 2022, by 2035, China will have built a complete hydrogen energy industry development system, with hydrogen produced from renewable energy accounting for a significant increase in its proportion in final energy consumption and playing a key role in the country’s green energy transition.

Breakdown of Primaries

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
  • By Designation: C-Level - 30%, Director Level - 25%, and Others - 45%
  • By Region: North America - 27%, Europe - 20%, Asia-Pacific - 33%, South America - 12%, Middle East - 4% and Africa - 4%

Note: Others include sales managers, engineers, and regional managers

Note: The tiers of the companies are defined on the basis of their total revenues as of 2022. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million

The hydrogen generation market is dominated by a few major players that have a wide regional presence. The leading players in the hydrogen generation market are Linde plc (Ireland), Air Products and Chemicals, Inc. (US), Saudi Arabian Oil Co. (Saudi Arabia), Shell plc (UK). The major strategy adopted by the players includes new product launches, partnerships, acquisitions, and investments & expansions.

Research Coverage

The report defines, describes, and forecasts the global hydrogen generation market by , source, technology, generation and delivery mode, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydrogen generation market.

Key Benefits of Buying the Report

  • Increasing demand for alternate fuel vehicles and growing environmental consciousness are few of the key factors driving the hydrogen generation market. Factors such as high initial cost and lack of infrastructure restrain the growth of the market. The growing energy transition towards renewable energy sources and rapid urbanization are expected to present lucrative opportunities for the players operating in the hydrogen generation market.
  • Product Development/ Innovation: The hydrogen generation market is witnessing significant product development and innovation, driven by the growing demand for environmentally friendly, safe and sustainable products. Companies are investing in developing advanced hydrogen energy technologies for various applications.
  • Market Development: Linde plc signed a long-term agreement to provide Evonik, a prominent specialty chemicals company, with green hydrogen.
  • Market Diversification: Air Liquide invested USD 140.15 million to construct and operate a unit producing hydrogen at the Grandpuits site with an annual capacity of more than 20,000 tons.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, like include Linde plc (Ireland), Air Liquide (France), Air Products and Chemical, Inc. (US), Saudi Arabian Oil Co. (Saudi Arabia), and Shell plc (UK), among others in the hydrogen generation market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions and Exclusions
1.3.1 Hydrogen Generation Market, by Source: Inclusions and Exclusions
1.3.2 Hydrogen Generation Market, by Technology: Inclusions and Exclusions
1.3.3 Hydrogen Generation Market, by Generation and Delivery Mode: Inclusions and Exclusions
1.3.4 Hydrogen Generation Market, by Application: Inclusions and Exclusions
1.3.5 Hydrogen Generation Market, by Region: Inclusions and Exclusions
1.4 Study Scope
Figure 1 Hydrogen Generation Market Segmentation
1.4.1 Regional Scope
1.4.2 Years Considered
1.4.3 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.8 Impact of Recession
2 Research Methodology
2.1 Research Data
Figure 2 Hydrogen Generation Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Breakdown of Primaries
Figure 3 Hydrogen Generation Market: Breakdown of Primaries
2.2 Market Breakdown and Data Triangulation
Figure 4 Hydrogen Generation Market: Data Triangulation Methodology
2.3 Market Size Estimation Methodology
2.3.1 Bottom-Up Approach
Figure 5 Hydrogen Generation Market: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 6 Hydrogen Generation Market: Top-Down Approach
2.3.3 Demand-Side Analysis
Figure 7 Hydrogen Generation Market: Demand-Side Analysis
2.3.3.1 Demand-Side Metrics
Figure 8 Key Metrics Considered to Analyze Demand for Hydrogen Generation Solutions
2.3.3.2 Demand-Side Assumptions
2.3.3.3 Demand-Side Calculations
2.3.4 Supply-Side Analysis
Figure 9 Key Metrics Considered to Analyze Supply of Hydrogen Generation Solutions
Figure 10 Hydrogen Generation Market: Supply-Side Analysis
2.3.4.1 Supply-Side Assumptions
Figure 11 Hydrogen Generation Market: Market Share Analysis, 2022
2.4 Forecast
2.5 Recession Impact
3 Executive Summary
Table 1 Hydrogen Generation Market Snapshot
Figure 12 Asia-Pacific Held Largest Share of Hydrogen Generation Market in 2022
Figure 13 Petroleum Refinery Segment to Dominate Hydrogen Generation Market During Forecast Period
Figure 14 Grey Hydrogen Segment to Account for Largest Share of Hydrogen Generation Market in 2028
Figure 15 Steam Methane Reforming (SMR) Segment to Hold Largest Share of Hydrogen Generation Market in 2023
Figure 16 Merchant Segment to Exhibit Higher CAGR Between 2023 and 2028
4 Premium Insights
4.1 Attractive Opportunities for Players in Hydrogen Generation Market
Figure 17 Rising Focus on Curbing Greenhouse Gas Emissions from Hydrogen Production Processes to Contribute to Market Growth
4.2 Hydrogen Generation Market, by Region
Figure 18 Asia-Pacific Hydrogen Generation Market to Exhibit Highest CAGR from 2023 to 2028
4.3 Asia-Pacific Hydrogen Generation Market, by Generation and Delivery Mode and Country
Figure 19 Captive Segment and China Held Largest Shares of Asia-Pacific Hydrogen Generation Market in 2022
4.4 Hydrogen Generation Market, by Technology
Figure 20 Steam Methane Reforming (SMR) Segment Accounted for Largest Market Share in 2022
4.5 Hydrogen Generation Market, by Source
Figure 21 Grey Hydrogen Segment Held Largest Share of Hydrogen Generation Market in 2022
4.6 Hydrogen Generation Market, by Generation and Delivery Mode
Figure 22 Captive Segment Accounted for Larger Share of Hydrogen Generation Market in 2022
4.7 Hydrogen Generation Market, by Application
Figure 23 Petroleum Refinery Segment Held Largest Market Share in 2022
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Hydrogen Generation Market: Market Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Enforcement of Stringent Regulations to Curb Greenhouse Gas Emissions
Figure 25 Global Greenhouse Gas Emissions, by Sector, 2022
5.2.1.2 Government Initiatives to Increase Green Hydrogen Generation
5.2.1.3 Use of Hydrogen to Power Fuel-Cell Electric Vehicles and Rockets
Figure 26 Fuel-Cell Electric Vehicle Stock, by Region, 2019-2022
5.2.2 Restraints
5.2.2.1 Energy Loss During Hydrogen Production
5.2.2.2 Poor Hydrogen Refueling Infrastructure and Presence of Alternatives
5.2.2.3 Lack of Renewable Energy Sources for Hydrogen Generation
5.2.3 Opportunities
5.2.3.1 Increasing Government Spending on Hydrogen Implementation Projects
Table 2 Policies Implemented by Major Economies to Boost Hydrogen Adoption
5.2.3.2 Rising Emphasis on Achieving Net-Zero Carbon Emission Targets
Figure 27 Cumulative Emission Reduction, by Mitigation Measure, 2021-2050
5.2.3.3 Surging Investments in Low-Emission Fuels
5.2.4 Challenges
5.2.4.1 Underdeveloped Hydrogen Infrastructure and High-Cost Production Techniques
5.2.4.2 Technological Challenges in Implementing Hydrogen into Natural Gas Networks
5.2.4.3 High Costs Associated with Blue Hydrogen Production
5.3 Trends/Disruptions Impacting Customers’ Businesses
Figure 28 Hydrogen Generation Market: Trends/Disruptions Impacting Customers’ Businesses
5.4 Pricing Analysis
5.4.1 Indicative Pricing Analysis, by Technology
Table 3 Indicative Pricing Analysis, by Technology
Table 4 Indicative Pricing Analysis, by Electrolysis
5.4.2 Indicative Pricing Analysis, by Source
Table 5 Indicative Pricing Analysis, by Source
5.5 Supply Chain Analysis
Figure 29 Hydrogen Generation Market: Supply Chain Analysis
Table 6 Hydrogen Generation Market: Companies and Their Roles in Hydrogen Generation Ecosystem
5.6 Ecosystem/Market Map
Figure 30 Hydrogen Generation Market: Ecosystem/Market Map
5.7 Trade Analysis
5.7.1 Export Scenario
Table 7 Export Data for HS Code: 280410, by Country, 2020-2022 (USD Thousand)
Figure 31 Export Data for HS Code: 280410, by Country, 2020-2022 (USD Thousand)
5.7.2 Import Scenario
Table 8 Import Data for HS Code: 280410, by Country, 2020-2022 (USD Thousand)
Figure 32 Import Data for HS Code: 280410, by Country, 2020-2022 (USD Thousand)
5.8 Technology Analysis
5.8.1 Steam Methane Reforming
5.8.2 Partial Oxidation
5.8.3 Coal Gasification
5.8.4 Electrolysis
5.9 Case Study Analysis
5.9.1 Asahi Kasei Corporation Adopts SAP Leonardo's Technology Platform to Meet Green Hydrogen Production Requirements
5.9.1.1 Problem Statement
5.9.1.2 Solution
5.9.2 National Renewable Energy Laboratory and Electric Hydrogen Partner to Develop High-Performance Electrolyzer Components
5.9.2.1 Problem Statement
5.9.2.2 Solution
5.9.3 RWE Tests Sunfire's Electrolysis Technologies to Generate Green Hydrogen
5.9.3.1 Problem Statement
5.9.3.2 Solution
5.10 Key Conferences and Events, 2023-2024
Table 9 Hydrogen Generation Market: List of Conferences and Events, 2023-2024
5.11 Patent Analysis
Figure 33 Number of Patents Granted in Hydrogen Generation Market, 2013-2023
5.11.1 List of Major Patents
Table 10 Hydrogen Generation Market: Major Patents Related to Hydrogen Generation Systems
5.12 Tariffs and Regulatory Landscape
5.12.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 North America: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.12.2 Regulations
Table 14 Hydrogen Generation Market: Regulations
5.13 Porter's Five Forces Analysis
Figure 34 Hydrogen Generation Market: Porter's Five Forces Analysis
Table 15 Hydrogen Generation Market: Porter's Five Forces Analysis
5.13.1 Threat of New Entrants
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of Substitutes
5.13.5 Intensity of Competitive Rivalry
5.14 Key Stakeholders and Buying Criteria
5.14.1 Key Stakeholders in Buying Process
Figure 35 Influence of Stakeholders on Buying Process for Top 3 Applications
Table 16 Influence of Stakeholders on Buying Process for Top 3 Applications (%)
5.14.2 Buying Criteria
Figure 36 Hydrogen Generation Market: Key Buying Criteria for Top 3 Applications
Table 17 Hydrogen Generation Market: Key Buying Criteria for Top 3 Applications
6 Hydrogen Generation Market, by Source
6.1 Introduction
Figure 37 Grey Hydrogen Segment Held Largest Market Share in 2022
Table 18 Hydrogen Generation Market, by Source, 2018-2022 (Thousand Metric Tons)
Table 19 Hydrogen Generation Market, by Source, 2023-2028 (Thousand Metric Tons)
Table 20 Hydrogen Generation Market, by Source, 2018-2022 (USD Million)
Table 21 Hydrogen Generation Market, by Source, 2023-2028 (USD Million)
6.2 Blue Hydrogen
6.2.1 Shifting Preference Toward Clean Energy Sources to Contribute to Segmental Growth
6.3 Grey Hydrogen
6.3.1 Low Cost of Grey Hydrogen Production Techniques to Accelerate Market Growth
6.4 Green Hydrogen
6.4.1 Rising Deployment of Renewable Energy Generation Technologies to Drive Market
7 Hydrogen Generation Market, by Application
7.1 Introduction
Figure 38 Hydrogen Generation Market, by Application, 2022
Table 22 Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 23 Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 24 Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 25 Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
7.2 Petroleum Refinery
7.2.1 Increasing Use of Hydrogen in Refineries to Reduce Sulfur Content in Diesel Fuels to Boost Segmental Growth
Table 26 Petroleum Refinery: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 27 Petroleum Refinery: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 28 Petroleum Refinery: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 29 Petroleum Refinery: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
7.3 Ammonia Production
7.3.1 Rising Need for Ammonia in Nitrogen-based Fertilizers to Propel Market
Table 30 Ammonia Production: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 31 Ammonia Production: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 32 Ammonia Production: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 33 Ammonia Production: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
7.4 Methanol Production
7.4.1 Surging Need for Transportation Fuels and Electricity Generation to Accelerate Segmental Growth
Table 34 Methanol Production: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 35 Methanol Production: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 36 Methanol Production: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 37 Methanol Production: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
7.5 Transportation
7.5.1 Increasing Sales of Fuel-Cell Electric Vehicles to Support Market Growth
Table 38 Transportation: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 39 Transportation: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 40 Transportation: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 41 Transportation: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
7.6 Power Generation
7.6.1 Increasing Reliance on Backup Power Sources to Contribute to Segmental Growth
Table 42 Power Generation: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 43 Power Generation: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 44 Power Generation: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 45 Power Generation: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
7.7 Others
Table 46 Others: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 47 Others: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 48 Others: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 49 Others: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
8 Hydrogen Generation Market, by Technology
8.1 Introduction
Figure 39 Steam Methane Reforming (SMR) Segment Accounted for Largest Market Share in 2022
Table 50 Hydrogen Generation Market, by Technology, 2018-2022 (Thousand Metric Tons)
Table 51 Hydrogen Generation Market, by Technology, 2023-2028 (Thousand Metric Tons)
Table 52 Hydrogen Generation Market, by Technology, 2018-2022 (USD Million)
Table 53 Hydrogen Generation Market, by Technology, 2023-2028 (USD Million)
Table 54 Hydrogen Generation Market: Technology Comparison
8.2 Steam Methane Reforming (SMR)
8.2.1 Deployment of Steam Methane Reforming (SMR) Technology as Cost-Effective Method of Hydrogen Production to Drive Market
8.3 Partial Oxidation (POX)
8.3.1 Reliance on Partial Oxidation (POX) Process to Produce Hydrogen for Fuel Cell Applications to Boost Segmental Growth
8.4 Auto Thermal Reforming (ATR)
8.4.1 Adoption of Auto Thermal Reforming (ATR) Technique to Produce Advanced Biofuels to Contribute to Market Growth
8.5 Coal Gasification
8.5.1 Implementation of Coal Gasification Technology to Generate Electricity to Fuel Segmental Growth
8.6 Electrolysis
8.6.1 Growing Reliance on Electrolysis to Increase Energy Efficiency of Hydrogen Generation Process to Drive Market
Table 55 Hydrogen Generation Market: Electrolysis Technology Comparison
8.6.1.1 Alkaline Electrolysis
8.6.1.2 Proton Exchange Membrane
8.6.1.3 Solid Oxide Electrolysis
8.6.1.4 Anion Exchange Membrane
9 Hydrogen Generation Market, by Generation and Delivery Mode
9.1 Introduction
Figure 40 Captive Segment Held Larger Share of Hydrogen Generation Market in 2022
Table 56 Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 57 Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 58 Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 59 Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
9.2 Captive
9.2.1 Adoption of Captive Hydrogen Generation Mode for Transportation and Power Generation Applications to Propel Market
Table 60 Captive: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 61 Captive: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 62 Captive: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 63 Captive: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
9.3 Merchant
9.3.1 Production of Merchant Hydrogen Using Small-Scale Reformers to Accelerate Segmental Growth
Table 64 Merchant: Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 65 Merchant: Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 66 Merchant: Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 67 Merchant: Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
9.3.1.1 Delivery Mode
9.3.1.1.1 Surging Demand for Hydrogen in Fueling Stations to Boost Segmental Growth
Table 68 Merchant: Hydrogen Generation Market, by Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 69 Merchant: Hydrogen Generation Market, by Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 70 Merchant: Hydrogen Generation Market, by Delivery Mode, 2018-2022 (USD Million)
Table 71 Merchant: Hydrogen Generation Market, by Delivery Mode, 2023-2028 (USD Million)
9.3.1.1.1.1 Liquid On-Site Plant & Pipeline
9.3.1.1.1.2 Bulk & Cylinder (Gaseous Form)
9.3.1.1.1.3 Bulk (Liquid Form)
9.3.1.1.1.4 Small On-Site
9.3.1.2 State
9.3.1.2.1 Gas
9.3.1.2.1.1 Increasing Demand for Gaseous Hydrogen in Transportation Sector and Petroleum Refineries to Drive Market
Table 72 Merchant: Hydrogen Generation Market, by State, 2018-2022 (Thousand Metric Tons)
Table 73 Merchant: Hydrogen Generation Market, by State, 2023-2028 (Thousand Metric Tons)
Table 74 Merchant: Hydrogen Generation Market for Gas, by Region, 2018-2022 (Thousand Metric Tons)
Table 75 Merchant: Hydrogen Generation Market for Gas, by Region, 2023-2028 (Thousand Metric Tons)
9.3.1.2.2 Liquid
9.3.1.2.2.1 Rising Adoption of Liquid Hydrogen for Transportation and Space Propulsion Applications to Accelerate Market Growth
Table 76 Merchant: Hydrogen Generation Market for Liquid, by Region, 2018-2022 (Thousand Metric Tons)
Table 77 Merchant: Hydrogen Generation Market for Liquid, by Region, 2023-2028 (Thousand Metric Tons)
10 Hydrogen Generation Market, by Region
10.1 Introduction
Figure 41 Asia-Pacific Hydrogen Generation Market to Exhibit Highest CAGR During Forecast Period
Figure 42 Hydrogen Generation Market Share, by Region, 2022
Table 78 Hydrogen Generation Market, by Region, 2018-2022 (Thousand Metric Tons)
Table 79 Hydrogen Generation Market, by Region, 2023-2028 (Thousand Metric Tons)
Table 80 Hydrogen Generation Market, by Region, 2018-2022 (USD Million)
Table 81 Hydrogen Generation Market, by Region, 2023-2028 (USD Million)
10.2 North America
Figure 43 North America: Hydrogen Generation Market Snapshot
10.2.1 Recession Impact on Market in North America
Table 82 North America: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 83 North America: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 84 North America: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 85 North America: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 86 North America: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 87 North America: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 88 North America: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 89 North America: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 90 North America: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 91 North America: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 92 North America: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 93 North America: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.2.1.1 US
10.2.1.1.1 Use of Hydrogen for Food Processing and Ammonia Production to Drive Market
Table 94 US: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 95 US: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 96 US: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 97 US: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.2.1.2 Canada
10.2.1.2.1 Reliance on Renewable Energy Sources to Contribute to Market Growth
Table 98 Canada: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 99 Canada: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 100 Canada: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 101 Canada: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.2.1.3 Mexico
10.2.1.3.1 Increase in Oil Refining Activities to Foster Market Growth
Table 102 Mexico: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 103 Mexico: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 104 Mexico: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 105 Mexico: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3 Asia-Pacific
Figure 44 Asia-Pacific: Hydrogen Generation Market Snapshot
10.3.1 Recession Impact on Market in Asia-Pacific
Table 106 Asia-Pacific: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 107 Asia-Pacific: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 108 Asia-Pacific: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 109 Asia-Pacific: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 110 Asia-Pacific: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 111 Asia-Pacific: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 112 Asia-Pacific: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 113 Asia-Pacific: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 114 Asia-Pacific: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 115 Asia-Pacific: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 116 Asia-Pacific: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 117 Asia-Pacific: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.3.1.1 Japan
10.3.1.1.1 Rising Adoption of Hydrogen for Large-Scale Electricity Generation to Accelerate Market Growth
Table 118 Japan: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 119 Japan: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 120 Japan: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 121 Japan: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3.1.2 China
10.3.1.2.1 Mounting Ammonia Production to Increase Agricultural Output to Fuel Market Growth
Table 122 China: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 123 China: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 124 China: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 125 China: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3.1.3 India
10.3.1.3.1 Shifting Focus on Expanding Oil Refining Infrastructure to Contribute to Market Growth
Table 126 India: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 127 India: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 128 India: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 129 India: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3.1.4 Australia
10.3.1.4.1 Surging Export of Coal and Liquified Natural Gas to Accelerate Market Growth
Table 130 Australia: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 131 Australia: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 132 Australia: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 133 Australia: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3.1.5 South Korea
10.3.1.5.1 Increasing Enforcement of Regulations Aimed at Decarbonizing Energy Sector to Drive Market
Table 134 South Korea: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 135 South Korea: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 136 South Korea: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 137 South Korea: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.3.1.6 Rest of Asia-Pacific
Table 138 Rest of Asia-Pacific: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 139 Rest of Asia-Pacific: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 140 Rest of Asia-Pacific: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 141 Rest of Asia-Pacific: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.4 Europe
10.4.1 Recession Impact on Market in Europe
Table 142 Europe: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 143 Europe: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 144 Europe: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 145 Europe: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 146 Europe: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 147 Europe: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 148 Europe: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 149 Europe: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 150 Europe: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 151 Europe: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 152 Europe: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 153 Europe: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.4.1.1 Germany
10.4.1.1.1 Rising Focus on Mass Production of Fuel Cell Electric Vehicles to Propel Market
Table 154 Germany: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 155 Germany: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 156 Germany: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 157 Germany: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.4.1.2 UK
10.4.1.2.1 Increasing Focus on Decarbonizing Grid Operations to Create Demand for Hydrogen
Table 158 UK: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 159 UK: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 160 UK: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 161 UK: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.4.1.3 France
10.4.1.3.1 Rising Investments in Renewable Energy Generation Systems to Drive Market
Table 162 France: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 163 France: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 164 France: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 165 France: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.4.1.4 Russia
10.4.1.4.1 Mounting Export of Oil and Natural Gas to Contribute to Market Growth
Table 166 Russia: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 167 Russia: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 168 Russia: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 169 Russia: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.4.1.5 Rest of Europe
Table 170 Rest of Europe: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 171 Rest of Europe: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 172 Rest of Europe: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 173 Rest of Europe: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.5 South America
10.5.1 Recession Impact on Market in South America
Table 174 South America: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 175 South America: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 176 South America: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 177 South America: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 178 South America: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 179 South America: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 180 South America: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 181 South America: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 182 South America: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 183 South America: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 184 South America: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 185 South America: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.5.1.1 Brazil
10.5.1.1.1 Growing Usage of Hydrogen for Transportation, Fertilization, and Electricity Production Applications to Drive Market
Table 186 Brazil: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 187 Brazil: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 188 Brazil: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 189 Brazil: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.5.1.2 Argentina
10.5.1.2.1 Increasing Construction of Renewable Energy-Powered Hydrogen Production Facilities to Fuel Market Growth
Table 190 Argentina: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 191 Argentina: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 192 Argentina: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 193 Argentina: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.5.1.3 Rest of South America
Table 194 Rest of South America: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 195 Rest of South America: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 196 Rest of South America: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 197 Rest of South America: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.6 Middle East
10.6.1 Recession Impact on Market in Middle East
Table 198 Middle East: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 199 Middle East: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 200 Middle East: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 201 Middle East: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 202 Middle East: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 203 Middle East: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 204 Middle East: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 205 Middle East: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 206 Middle East: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 207 Middle East: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 208 Middle East: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 209 Middle East: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.6.1.1 Saudi Arabia
10.6.1.1.1 Implementation of Hydrogen Fuel Cell Projects for Transportation Applications to Accelerate Market Growth
Table 210 Saudi Arabia: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 211 Saudi Arabia: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 212 Saudi Arabia: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 213 Saudi Arabia: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.6.1.2 Qatar
10.6.1.2.1 Influx of Investments for Scaling Up Ammonia and Methanol Production to Fuel Market Growth
Table 214 Qatar: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 215 Qatar: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 216 Qatar: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 217 Qatar: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.6.1.3 Iran
10.6.1.3.1 High Demand for Refined Petroleum Products to Contribute to Market Growth
Table 218 Iran: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 219 Iran: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 220 Iran: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 221 Iran: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.6.1.4 UAE
10.6.1.4.1 Adoption of Hydrogen Fuel for Low-Carbon Power Generation to Drive Market
Table 222 UAE: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 223 UAE: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 224 UAE: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 225 UAE: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.6.1.5 Rest of Middle East
Table 226 Rest of Middle East: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 227 Rest of Middle East: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 228 Rest of Middle East: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 229 Rest of Middle East: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.7 Africa
10.7.1 Recession Impact on Market in Africa
Table 230 Africa: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (Thousand Metric Tons)
Table 231 Africa: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (Thousand Metric Tons)
Table 232 Africa: Hydrogen Generation Market, by Generation and Delivery Mode, 2018-2022 (USD Million)
Table 233 Africa: Hydrogen Generation Market, by Generation and Delivery Mode, 2023-2028 (USD Million)
Table 234 Africa: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 235 Africa: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 236 Africa: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 237 Africa: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
Table 238 Africa: Hydrogen Generation Market, by Country, 2018-2022 (Thousand Metric Tons)
Table 239 Africa: Hydrogen Generation Market, by Country, 2023-2028 (Thousand Metric Tons)
Table 240 Africa: Hydrogen Generation Market, by Country, 2018-2022 (USD Million)
Table 241 Africa: Hydrogen Generation Market, by Country, 2023-2028 (USD Million)
10.7.1.1 South Africa
10.7.1.1.1 Growing Preference for Alternative Sources Powered by Hydrogen Over Carbon-Intensive Diesel Generators to Boost Market Growth
Table 242 South Africa: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 243 South Africa: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 244 South Africa: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 245 South Africa: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
10.7.1.2 Rest of Africa
Table 246 Rest of Africa: Hydrogen Generation Market, by Application, 2018-2022 (Thousand Metric Tons)
Table 247 Rest of Africa: Hydrogen Generation Market, by Application, 2023-2028 (Thousand Metric Tons)
Table 248 Rest of Africa: Hydrogen Generation Market, by Application, 2018-2022 (USD Million)
Table 249 Rest of Africa: Hydrogen Generation Market, by Application, 2023-2028 (USD Million)
11 Competitive Landscape
11.1 Overview
11.2 Strategies Adopted by Key Players, 2019-2023
Figure 45 Hydrogen Generation Market: Strategies Adopted by Key Players, 2019-2023
11.3 Market Share Analysis, 2022
Table 250 Hydrogen Generation Market: Degree of Competition
Figure 46 Industry Concentration, 2022
11.4 Market Evaluation Framework, 2019-2023
Table 251 Market Evaluation Framework, 2019-2023
11.5 Revenue Analysis of Top 5 Players, 2018-2022
Figure 47 Revenue Analysis of Top 5 Players, 2018-2022
11.6 Company Evaluation Matrix, 2022
11.6.1 Stars
11.6.2 Emerging Leaders
11.6.3 Pervasive Players
11.6.4 Participants
Figure 48 Hydrogen Generation Market: Company Evaluation Matrix, 2022
11.6.5 Company Footprint
Table 252 Company Technology Footprint
Table 253 Company Source Footprint
Table 254 Company Application Footprint
Table 255 Company Generation and Delivery Mode Footprint
Table 256 Company Regional Footprint
Table 257 Company Overall Footprint
11.7 Start-Up/SME Evaluation Matrix, 2022
11.7.1 Progressive Companies
11.7.2 Responsive Companies
11.7.3 Dynamic Companies
11.7.4 Starting Blocks
Figure 49 Hydrogen Generation Market: Start-Up/SME Evaluation Matrix, 2022
11.7.5 Competitive Benchmarking
Table 258 Hydrogen Generation Market: List of Key Start-Ups/SMEs
Table 259 Hydrogen Generation Market: Company Technology Footprint
Table 260 Hydrogen Generation Market: Company Source Footprint
Table 261 Hydrogen Generation Market: Company Generation and Delivery Mode Footprint
Table 262 Hydrogen Generation Market: Company Application Footprint
Table 263 Hydrogen Generation Market: Company Regional Footprint
11.8 Competitive Scenarios and Trends
11.8.1 Deals
Table 264 Hydrogen Generation Market: Deals, 2019-2023
11.8.2 Others
Table 265 Hydrogen Generation Market: Others, 2019-2023
12 Company Profiles
12.1 Key Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
12.1.1 Linde PLC
Table 266 Linde PLC: Company Overview
Figure 50 Linde PLC: Company Snapshot
Table 267 Linde PLC: Products/Solutions/Services Offered
Table 268 Linde PLC: Deals
Table 269 Linde PLC: Others
12.1.2 Air Liquide
Table 270 Air Liquide: Company Overview
Figure 51 Air Liquide: Company Snapshot
Table 271 Air Liquide: Products/Solutions/Services Offered
Table 272 Air Liquide: Deals
Table 273 Air Liquide: Others
12.1.3 Saudi Arabian Oil Co.
Table 274 Saudi Arabian Oil Co.: Company Overview
Figure 52 Saudi Arabian Oil Co.: Company Snapshot
Table 275 Saudi Arabian Oil Co.: Products/Solutions/Services Offered
Table 276 Saudi Arabian Oil Co.: Deals
Table 277 Saudi Arabian Oil Co.: Others
12.1.4 Air Products and Chemicals, Inc.
Table 278 Air Products and Chemicals, Inc.: Company Overview
Figure 53 Air Products and Chemicals, Inc.: Company Snapshot
Table 279 Air Products and Chemicals, Inc.: Products/Solutions/Services Offered
Table 280 Air Products and Chemicals, Inc.: Deals
Table 281 Air Products and Chemicals, Inc.: Others
12.1.5 Shell PLC
Table 282 Shell PLC: Company Overview
Figure 54 Shell PLC: Company Snapshot
Table 283 Shell PLC: Products/Solutions/Services Offered
Table 284 Shell PLC: Deals
Table 285 Shell PLC: Others
12.1.6 Engie
Table 286 Engie: Company Overview
Figure 55 Engie: Company Snapshot
Table 287 Engie: Products/Solutions/Services Offered
Table 288 Engie: Deals
12.1.7 Chevron Corporation
Table 289 Chevron Corporation: Company Overview
Figure 56 Chevron Corporation: Company Snapshot
Table 290 Chevron Corporation: Products/Solutions/Services Offered
Table 291 Chevron Corporation: Deals
12.1.8 Orsted A/S
Table 292 Orsted A/S: Company Overview
Figure 57 Orsted A/S: Company Snapshot
Table 293 Orsted A/S: Products/Solutions/Services Offered
Table 294 Orsted A/S: Deals
Table 295 Orsted A/S: Others
12.1.9 Messer Group
Table 296 Messer Group: Company Overview
Table 297 Messer Group: Products/Solutions/Services Offered
Table 298 Messer Group: Deals
12.1.10 Equinor ASA
Table 299 Equinor ASA: Company Overview
Figure 58 Equinor ASA: Company Snapshot
Table 300 Equinor ASA: Products/Solutions/Services Offered
Table 301 Equinor ASA: Deals
Table 302 Equinor ASA: Product Launches
12.1.11 Uniper SE
Table 303 Uniper SE: Company Overview
Figure 59 Uniper SE: Company Snapshot
Table 304 Uniper SE: Products/Solutions/Services Offered
Table 305 Uniper SE: Deals
12.1.12 ExxonMobil Corporation
Table 306 ExxonMobil Corporation: Company Overview
Figure 60 ExxonMobil Corporation: Company Snapshot
Table 307 ExxonMobil Corporation: Products/Solutions/Services Offered
Table 308 ExxonMobil Corporation: Deals
Table 309 ExxonMobil Corporation: Others
12.1.13 BP P.L.C.
Table 310 BP P.L.C.: Company Overview
Figure 61 BP P.L.C.: Company Snapshot
Table 311 BP P.L.C.: Products/Solutions/Services Offered
Table 312 BP P.L.C.: Deals
Table 313 BP P.L.C.: Others
12.1.14 Iwatani Corporation
Table 314 Iwatani Corporation: Company Overview
Figure 62 Iwatani Corporation: Company Snapshot
Table 315 Iwatani Corporation: Products/Solutions/Services Offered
Table 316 Iwatani Corporation: Deals
Table 317 Iwatani Corporation: Others
12.1.15 Petroliam Nasional Berhad (Petronas)
Table 318 Petroliam Nasional Berhad (Petronas): Company Overview
Figure 63 Petronas Nasional Berhad (Petronas): Company Snapshot
Table 319 Petroliam Nasional Berhad (Petronas): Products/Solutions/Services Offered
Table 320 Petroliam Nasional Berhad (Petronas): Deals
12.1.16 Iberdrola, SA
Table 321 Iberdrola, SA: Company Overview
Figure 64 Iberdrola, SA: Company Snapshot
Table 322 Iberdrola, SA: Products/Solutions/Services Offered
Table 323 Iberdrola, SA: Deals
Table 324 Iberdrola, SA: Others
12.2 Other Players
12.2.1 Siemens
12.2.2 Hiringa Energy Limited
12.2.3 Bayotech
12.2.4 Hygear
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies
13 Appendix
13.1 Insights from Industry Experts
13.2 Discussion Guide
13.3 KnowledgeStore: The Subscription Portal
13.4 Customization Options

Companies Mentioned

  • Air Liquide
  • Air Products and Chemicals, Inc.
  • Bayotech
  • BP P.L.C.
  • Chevron Corporation
  • Engie
  • Equinor ASA
  • ExxonMobil Corporation
  • Hiringa Energy Limited
  • Hygear
  • Iberdrola, SA
  • Iwatani Corporation
  • Linde PLC
  • Messer Group
  • Orsted A/S
  • Petroliam Nasional Berhad (Petronas)
  • Saudi Arabian Oil Co.
  • Shell PLC
  • Siemens
  • Uniper SE

Table Information

Report AttributeDetails
No. of Pages295
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 158.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 257.9 Billion
Compound Annual Growth Rate10.2%
Regions CoveredGlobal
No. of Companies Mentioned20

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About the Hydrogen Generation Market

The Hydrogen Generation market is a subset of the Renewable Energy sector, focused on the production of hydrogen gas from renewable sources. This process is often referred to as green hydrogen, and is seen as a key component of the transition to a low-carbon economy. Hydrogen can be used as a fuel for transportation, heating, and electricity generation, and is seen as a viable alternative to fossil fuels. The Hydrogen Generation market is still in its early stages, but is expected to grow rapidly in the coming years. This growth is driven by increasing demand for clean energy, as well as government incentives and subsidies. Additionally, technological advances in the production of hydrogen are making it more cost-effective and efficient. Some of the major players in the Hydrogen Generation market include Air Liquide, ITM Power, Nel Hydrogen, Hydrogenics, and Ballard Power Systems. Show Less Read more

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