Hydrogen Generation Market Report 2026

The hydrogen generation market size has grown strongly in recent years. It will grow from $164.31 billion in 2025 to $178.06 billion in 2026 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to expansion of industrial hydrogen demand, widespread use of steam methane reforming, growth of petroleum refining applications, availability of fossil fuel-based hydrogen production, early adoption of hydrogen fuel technologies.

The hydrogen generation market size is expected to see strong growth in the next few years. It will grow to $238.79 billion in 2030 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to increasing government support for clean hydrogen, rising investments in renewable energy integration, expansion of hydrogen mobility infrastructure, growing demand for low-carbon industrial fuels, accelerating deployment of large-scale electrolyzers. Major trends in the forecast period include rapid expansion of green hydrogen projects, increasing adoption of electrolysis technologies, growing use of hydrogen in energy storage, rising integration with renewable power sources, expansion of on-site hydrogen generation systems.

The increasing demand for hydrogen in the industrial sector is expected to drive the growth of the hydrogen generation market. The industrial sector comprises companies involved in the production, transportation, or manufacture of goods, which rely heavily on hydrogen for chemical processes and hydrocracking, producing fuels such as gasoline and diesel. For instance, in 2024, according to the International Energy Agency (IEA), a France-based intergovernmental organization, global hydrogen demand reached 97 million tonnes in 2023, up 2.5% from 2022. Therefore, rising industrial hydrogen consumption is propelling the hydrogen generation market.

Major companies in the hydrogen generation market are focusing on innovative solutions, including green hydrogen production and transportation technologies, to meet increasing demand for low-carbon fuels and support energy-transition goals. Green hydrogen technologies produce and transport hydrogen with minimal emissions by leveraging renewable energy and adapted infrastructure, offering a cleaner alternative to conventional fossil-fuel-derived hydrogen. For instance, in May 2024, DORIS (France), ROSEN Group (Switzerland), and SPIECAPAG (Germany) formed the Pipeline Transition Alliance, a collaboration aimed at repurposing existing natural-gas pipelines for hydrogen transport. The alliance provides full-service solutions, including pipeline inspection (ROSEN), engineering of hydrogen conditioning and production systems (DORIS), and construction and EPC delivery of repurposed infrastructure (SPIECAPAG).

In December 2023, Hy2gen, a Germany-based developer and operator of renewable hydrogen and hydrogen-derived fuel plants, acquired Kiwi AG for an undisclosed amount. This acquisition expanded Hy2gen’s hydrogen production capacity by integrating Kiwi AG’s operational plant and a project pipeline totaling 300 MW, supporting its strategic goal of scaling renewable hydrogen and e-fuel output in Germany. Kiwi AG was a Germany-based company specializing in hydrogen and power-to-eMethane facilities and project development in hydrogen and methanation.

Major companies operating in the hydrogen generation market are Air Liquide SA, Air Products Inc., Iwatani Corporation, McPhy Energy SA, Messer Group GmbH, Altergy Systems, Ballard Power Systems Inc., BayoTech Inc., Doosan Fuel Cell Co. Ltd., EKME S.A., Enapter AG, Frame Power India Pvt. Ltd., Giner ELX Inc., Green Hydrogen Systems AS, Greenlane Renewables Inc., GRZ Technologies Ltd., Cummins Inc., ITM Power PLC, Linde PLC, Nel ASA, Plug Power Europe GmbH, Proton OnSite LLC, Siemens Energy AG, Taiyo Nippon Sanso Corporation, Teijin Engineering Ltd., Teledyne Energy Systems Inc., Toshiba Energy Systems & Solutions Corp., VRV SpA.

Asia Pacific was the largest region in the hydrogen generation market in 2025. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen generation market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydrogen generation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hydrogen generation market consists of sales of brown hydrogen, yellow hydrogen, turquoise hydrogen, and pink hydrogen. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.