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Hydrogen Generation Market By Source, By Process, By Delivery Mode, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 409 Pages
  • September 2022
  • Region: Global
  • Allied Market Research
  • ID: 5713068
The global hydrogen generation market was valued at $136.3 billion in 2021, and is projected to reach $262.0 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

Hydrogen generation is term which describes the process in which hydrogen is manufactured using various raw materials through different process such as steam methanol reforming, coal gasification, and others. Hydrogen plays a vital role in the oil & gas and chemical manufacturing industries. Furthermore, the increase in awareness among the people regarding the advantages of the utilization of hydrogen as a power source in transportation sector has positive impact on the hydrogen generation market.

Hydrogen is also significantly used as a clean fuel alternative to electricity generation and propels vehicles. It is used as a fuel to curb harmful discharges and deliver water vapor and heat as the only output through fuel cells. Fuel cell manufacturers are continuously striving to introduce advanced systems with feasible integration in various applications. Furthermore, different methods such as steam methane reforming, gas partial oxidation, and auto thermal reforming are adopted across the industry to generate hydrogen to serve the increasing requirements in various applications.

The governments from different emerging as well as developed countries have shown significant interest in achieving carbon neutrality. In addition, the administrations have also updated their strategies to include clean energy sectors in their future prospects fueling the expansion of hydrogen economy. For instance, in March 2021, India and the U.S. governments have decided to update their strategic energy partnership to include low carbon technologies such as hydrogen and bio fuels. The two nations have also agreed to boost the R&D activities with programs such as partnership to advance clean energy research for renewable energy.

The hydrogen generation market is segmented on the basis of by source, process, delivery mode, application and region. On the basis of source, it is classified into blue hydrogen, gray hydrogen, and green hydrogen. On the basis of process, the market is categorized into steam methane reforming, coal gasification, electrolysis, and other. On the basis of delivery mode, the market is bifurcated into captive, and merchant. On the basis of application, the market is divided into chemical processing, transportation, petroleum recovery, power generation and others. Furthermore, the chemical processing segment is further divided into ammonia, methanol, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America, and Europe.

The major companies profiled in this report include Linde Plc, Air Liquide, Cummins Inc., Uniper SE, Nel ASA, Siemens, Engine, ITM Power, Iberdrola, McPhy Energy S.A, Messer, Orsted A/S, Thyssenkrupp, Iwatani Corporation, Xebec Adsorption Inc., Ally Hi-Tech Co. Ltd, and Electrochaea GmbH. Rapid development of industrialisation, modernization and increase in awareness among the individuals regarding the environmental impact of fossil fuels fuels the demand for hydrogen. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection technologies have led to attain key developments in the global hydrogen generation market trends.

Impact of Covid-19 on Hydrogen Generation Market

The global COVID-19 pandemic has negative impact on the hydrogen generation market. Outbreak of pandemic simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies across the globe. The novel coronavirus has affected several economies and caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world leading to decline in the growth of the hydrogen generation market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.

At the initial stage, demand for hydrogen significantly declined due to lockdowns. Furthermore, the supply of hydrogen was hampered, as major portion of the hydrogen is produced from natural gas reforming. However, governments of various countries across the world have eased lockdown restrictions. Therefore, there is steady rise in the manufacturing process. This is driving the demand for hydrogen in industrial applications. The trend is expected to continue during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen generation market analysis from 2021 to 2031 to identify the prevailing hydrogen generation market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the hydrogen generation market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global hydrogen generation market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

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
  • Application
  • Ammonia
  • Methanol
  • Others
  • Transportation
  • Petroleum Recovery
  • Power Generation
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Spain
  • Netherlands
  • Rest Of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest Of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest Of LAMEA

Key Market Players

  • Linde plc
  • L'Air Liquide S.A.
  • Cummins Inc.
  • Uniper SE
  • Nel ASA
  • Siemens AG
  • ITM Power
  • Iberdrola
  • McPhy Energy S.A
  • Messer
  • Orsted A/S
  • ThyssenKrupp
  • Iwatani Corporation
  • Xebec Adsorption Inc.
  • Ally Hi-Tech Co. Ltd
  • Electrochaea GmbH
Frequently Asked Questions about the Global Hydrogen Generation Market

What is the estimated value of the Global Hydrogen Generation Market?

The Global Hydrogen Generation Market was estimated to be valued at $136.3 billion in 2021.

What is the growth rate of the Global Hydrogen Generation Market?

The growth rate of the Global Hydrogen Generation Market is 6.8%, with an estimated value of $262 billion by 2031.

What is the forecasted size of the Global Hydrogen Generation Market?

The Global Hydrogen Generation Market is estimated to be worth $262 billion by 2031.

Who are the key companies in the Global Hydrogen Generation Market?

Key companies in the Global Hydrogen Generation Market include Linde plc, L'Air Liquide S.A., Cummins Inc., Uniper SE, Nel ASA, Siemens AG, ITM Power, Iberdrola and Messer.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Key Regulation Analysis
3.8. Value Chain Analysis

CHAPTER 4: HYDROGEN GENERATION MARKET, BY SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 Blue Hydrogen
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Gray Hydrogen
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Green Hydrogen
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country

CHAPTER 5: HYDROGEN GENERATION MARKET, BY PROCESS
5.1 Overview
5.1.1 Market size and forecast
5.2 Steam Methane Reforming
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Coal Gasification
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Electrolysis
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: HYDROGEN GENERATION MARKET, BY DELIVERY MODE
6.1 Overview
6.1.1 Market size and forecast
6.2 Captive
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Merchant
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country

CHAPTER 7: HYDROGEN GENERATION MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Chemical Processing
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.2.4 Chemical Processing Hydrogen Generation Market by Application
7.2.4.1 Ammonia Market size and forecast, by region
7.2.4.2 Ammonia Market size and forecast, by country
7.2.4.3 Methanol Market size and forecast, by region
7.2.4.4 Methanol Market size and forecast, by country
7.2.4.5 Others Market size and forecast, by region
7.2.4.6 Others Market size and forecast, by country
7.3 Transportation
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Petroleum Recovery
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Power Generation
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
7.6 Others
7.6.1 Key market trends, growth factors and opportunities
7.6.2 Market size and forecast, by region
7.6.3 Market analysis by country

CHAPTER 8: HYDROGEN GENERATION MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Source
8.2.3 North America Market size and forecast, by Process
8.2.4 North America Market size and forecast, by Delivery Mode
8.2.5 North America Market size and forecast, by Application
8.2.5.1 North America Chemical Processing Hydrogen Generation Market by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Market size and forecast, by Source
8.2.6.1.2 Market size and forecast, by Process
8.2.6.1.3 Market size and forecast, by Delivery Mode
8.2.6.1.4 Market size and forecast, by Application
8.2.6.1.4.1 U.S. Chemical Processing Hydrogen Generation Market by Application
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Source
8.2.6.2.2 Market size and forecast, by Process
8.2.6.2.3 Market size and forecast, by Delivery Mode
8.2.6.2.4 Market size and forecast, by Application
8.2.6.2.4.1 Canada Chemical Processing Hydrogen Generation Market by Application
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Source
8.2.6.3.2 Market size and forecast, by Process
8.2.6.3.3 Market size and forecast, by Delivery Mode
8.2.6.3.4 Market size and forecast, by Application
8.2.6.3.4.1 Mexico Chemical Processing Hydrogen Generation Market by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Source
8.3.3 Europe Market size and forecast, by Process
8.3.4 Europe Market size and forecast, by Delivery Mode
8.3.5 Europe Market size and forecast, by Application
8.3.5.1 Europe Chemical Processing Hydrogen Generation Market by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Source
8.3.6.1.2 Market size and forecast, by Process
8.3.6.1.3 Market size and forecast, by Delivery Mode
8.3.6.1.4 Market size and forecast, by Application
8.3.6.1.4.1 Germany Chemical Processing Hydrogen Generation Market by Application
8.3.6.2 France
8.3.6.2.1 Market size and forecast, by Source
8.3.6.2.2 Market size and forecast, by Process
8.3.6.2.3 Market size and forecast, by Delivery Mode
8.3.6.2.4 Market size and forecast, by Application
8.3.6.2.4.1 France Chemical Processing Hydrogen Generation Market by Application
8.3.6.3 UK
8.3.6.3.1 Market size and forecast, by Source
8.3.6.3.2 Market size and forecast, by Process
8.3.6.3.3 Market size and forecast, by Delivery Mode
8.3.6.3.4 Market size and forecast, by Application
8.3.6.3.4.1 UK Chemical Processing Hydrogen Generation Market by Application
8.3.6.4 Spain
8.3.6.4.1 Market size and forecast, by Source
8.3.6.4.2 Market size and forecast, by Process
8.3.6.4.3 Market size and forecast, by Delivery Mode
8.3.6.4.4 Market size and forecast, by Application
8.3.6.4.4.1 Spain Chemical Processing Hydrogen Generation Market by Application
8.3.6.5 Netherlands
8.3.6.5.1 Market size and forecast, by Source
8.3.6.5.2 Market size and forecast, by Process
8.3.6.5.3 Market size and forecast, by Delivery Mode
8.3.6.5.4 Market size and forecast, by Application
8.3.6.5.4.1 Netherlands Chemical Processing Hydrogen Generation Market by Application
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Source
8.3.6.6.2 Market size and forecast, by Process
8.3.6.6.3 Market size and forecast, by Delivery Mode
8.3.6.6.4 Market size and forecast, by Application
8.3.6.6.4.1 Rest of Europe Chemical Processing Hydrogen Generation Market by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Source
8.4.3 Asia-Pacific Market size and forecast, by Process
8.4.4 Asia-Pacific Market size and forecast, by Delivery Mode
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.5.1 Asia-Pacific Chemical Processing Hydrogen Generation Market by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Source
8.4.6.1.2 Market size and forecast, by Process
8.4.6.1.3 Market size and forecast, by Delivery Mode
8.4.6.1.4 Market size and forecast, by Application
8.4.6.1.4.1 China Chemical Processing Hydrogen Generation Market by Application
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Source
8.4.6.2.2 Market size and forecast, by Process
8.4.6.2.3 Market size and forecast, by Delivery Mode
8.4.6.2.4 Market size and forecast, by Application
8.4.6.2.4.1 Japan Chemical Processing Hydrogen Generation Market by Application
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Source
8.4.6.3.2 Market size and forecast, by Process
8.4.6.3.3 Market size and forecast, by Delivery Mode
8.4.6.3.4 Market size and forecast, by Application
8.4.6.3.4.1 India Chemical Processing Hydrogen Generation Market by Application
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Source
8.4.6.4.2 Market size and forecast, by Process
8.4.6.4.3 Market size and forecast, by Delivery Mode
8.4.6.4.4 Market size and forecast, by Application
8.4.6.4.4.1 South Korea Chemical Processing Hydrogen Generation Market by Application
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Source
8.4.6.5.2 Market size and forecast, by Process
8.4.6.5.3 Market size and forecast, by Delivery Mode
8.4.6.5.4 Market size and forecast, by Application
8.4.6.5.4.1 Australia Chemical Processing Hydrogen Generation Market by Application
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Market size and forecast, by Source
8.4.6.6.2 Market size and forecast, by Process
8.4.6.6.3 Market size and forecast, by Delivery Mode
8.4.6.6.4 Market size and forecast, by Application
8.4.6.6.4.1 Rest of Asia-Pacific Chemical Processing Hydrogen Generation Market by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Source
8.5.3 LAMEA Market size and forecast, by Process
8.5.4 LAMEA Market size and forecast, by Delivery Mode
8.5.5 LAMEA Market size and forecast, by Application
8.5.5.1 LAMEA Chemical Processing Hydrogen Generation Market by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Source
8.5.6.1.2 Market size and forecast, by Process
8.5.6.1.3 Market size and forecast, by Delivery Mode
8.5.6.1.4 Market size and forecast, by Application
8.5.6.1.4.1 Brazil Chemical Processing Hydrogen Generation Market by Application
8.5.6.2 Saudi Arabia
8.5.6.2.1 Market size and forecast, by Source
8.5.6.2.2 Market size and forecast, by Process
8.5.6.2.3 Market size and forecast, by Delivery Mode
8.5.6.2.4 Market size and forecast, by Application
8.5.6.2.4.1 Saudi Arabia Chemical Processing Hydrogen Generation Market by Application
8.5.6.3 South Africa
8.5.6.3.1 Market size and forecast, by Source
8.5.6.3.2 Market size and forecast, by Process
8.5.6.3.3 Market size and forecast, by Delivery Mode
8.5.6.3.4 Market size and forecast, by Application
8.5.6.3.4.1 South Africa Chemical Processing Hydrogen Generation Market by Application
8.5.6.4 Rest of LAMEA
8.5.6.4.1 Market size and forecast, by Source
8.5.6.4.2 Market size and forecast, by Process
8.5.6.4.3 Market size and forecast, by Delivery Mode
8.5.6.4.4 Market size and forecast, by Application
8.5.6.4.4.1 Rest of LAMEA Chemical Processing Hydrogen Generation Market by Application

CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments

CHAPTER 10: COMPANY PROFILES
10.1 Linde plc
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 L'Air Liquide S. A.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Cummins Inc.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Uniper SE
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Nel ASA
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Siemens AG
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 ITM Power
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Iberdrola
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 McPhy Energy S. A
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Messer
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Orsted A/S
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 ThyssenKrupp
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Iwatani Corporation
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Xebec Adsorption Inc.
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Ally Hi-Tech Co. Ltd
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
10.16 Electrochaea GmbH
10.16.1 Company overview
10.16.2 Company snapshot
10.16.3 Operating business segments
10.16.4 Product portfolio
10.16.5 Business performance
10.16.6 Key strategic moves and developments

List of Tables
Table 1. Global Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 2. Hydrogen Generation Market, for Blue Hydrogen, by Region, 2021-2031 ($Million)
Table 3. Hydrogen Generation Market for Blue Hydrogen, by Country, 2021-2031 ($Million)
Table 4. Hydrogen Generation Market, for Gray Hydrogen, by Region, 2021-2031 ($Million)
Table 5. Hydrogen Generation Market for Gray Hydrogen, by Country, 2021-2031 ($Million)
Table 6. Hydrogen Generation Market, for Green Hydrogen, by Region, 2021-2031 ($Million)
Table 7. Hydrogen Generation Market for Green Hydrogen, by Country, 2021-2031 ($Million)
Table 8. Global Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 9. Hydrogen Generation Market, for Steam Methane Reforming, by Region, 2021-2031 ($Million)
Table 10. Hydrogen Generation Market for Steam Methane Reforming, by Country, 2021-2031 ($Million)
Table 11. Hydrogen Generation Market, for Coal Gasification, by Region, 2021-2031 ($Million)
Table 12. Hydrogen Generation Market for Coal Gasification, by Country, 2021-2031 ($Million)
Table 13. Hydrogen Generation Market, for Electrolysis, by Region, 2021-2031 ($Million)
Table 14. Hydrogen Generation Market for Electrolysis, by Country, 2021-2031 ($Million)
Table 15. Hydrogen Generation Market, for Others, by Region, 2021-2031 ($Million)
Table 16. Hydrogen Generation Market for Others, by Country, 2021-2031 ($Million)
Table 17. Global Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 18. Hydrogen Generation Market, for Captive, by Region, 2021-2031 ($Million)
Table 19. Hydrogen Generation Market for Captive, by Country, 2021-2031 ($Million)
Table 20. Hydrogen Generation Market, for Merchant, by Region, 2021-2031 ($Million)
Table 21. Hydrogen Generation Market for Merchant, by Country, 2021-2031 ($Million)
Table 22. Global Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 23. Hydrogen Generation Market, for Chemical Processing, by Region, 2021-2031 ($Million)
Table 24. Hydrogen Generation Market for Chemical Processing, by Country, 2021-2031 ($Million)
Table 25. Global Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 26. Hydrogen Generation Market, for Ammonia, by Region, 2021-2031 ($Million)
Table 27. Hydrogen Generation Market, for Ammonia, by Country, 2021-2031 ($Million)
Table 28. Hydrogen Generation Market, for Methanol, by Region, 2021-2031 ($Million)
Table 29. Hydrogen Generation Market, for Methanol, by Country, 2021-2031 ($Million)
Table 30. Hydrogen Generation Market, for Others, by Region, 2021-2031 ($Million)
Table 31. Hydrogen Generation Market, for Others, by Country, 2021-2031 ($Million)
Table 32. Hydrogen Generation Market, for Transportation, by Region, 2021-2031 ($Million)
Table 33. Hydrogen Generation Market for Transportation, by Country, 2021-2031 ($Million)
Table 34. Hydrogen Generation Market, for Petroleum Recovery, by Region, 2021-2031 ($Million)
Table 35. Hydrogen Generation Market for Petroleum Recovery, by Country, 2021-2031 ($Million)
Table 36. Hydrogen Generation Market, for Power Generation, by Region, 2021-2031 ($Million)
Table 37. Hydrogen Generation Market for Power Generation, by Country, 2021-2031 ($Million)
Table 38. Hydrogen Generation Market, for Others, by Region, 2021-2031 ($Million)
Table 39. Hydrogen Generation Market for Others, by Country, 2021-2031 ($Million)
Table 40. Hydrogen Generation Market, by Region, 2021-2031 ($Million)
Table 41. North America Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 42. North America Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 43. North America Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 44. North America Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 45. North America Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 46. North America Hydrogen Generation Market, by Country, 2021-2031 ($Million)
Table 47. U.S. Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 48. U.S. Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 49. U.S. Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 50. U.S. Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 51. U.S. Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 52. Canada Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 53. Canada Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 54. Canada Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 55. Canada Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 56. Canada Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 57. Mexico Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 58. Mexico Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 59. Mexico Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 60. Mexico Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 61. Mexico Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 62. Europe Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 63. Europe Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 64. Europe Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 65. Europe Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 66. Europe Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 67. Europe Hydrogen Generation Market, by Country, 2021-2031 ($Million)
Table 68. Germany Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 69. Germany Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 70. Germany Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 71. Germany Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 72. Germany Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 73. France Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 74. France Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 75. France Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 76. France Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 77. France Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 78. UK Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 79. UK Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 80. UK Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 81. UK Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 82. UK Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 83. Spain Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 84. Spain Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 85. Spain Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 86. Spain Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 87. Spain Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 88. Netherlands Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 89. Netherlands Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 90. Netherlands Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 91. Netherlands Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 92. Netherlands Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 93. Rest of Europe Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 94. Rest of Europe Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 95. Rest of Europe Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 96. Rest of Europe Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 97. Rest of Europe Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 98. Asia-Pacific Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 99. Asia-Pacific Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 100. Asia-Pacific Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 101. Asia-Pacific Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 102. Asia-Pacific Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 103. Asia-Pacific Hydrogen Generation Market, by Country, 2021-2031 ($Million)
Table 104. China Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 105. China Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 106. China Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 107. China Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 108. China Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 109. Japan Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 110. Japan Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 111. Japan Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 112. Japan Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 113. Japan Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 114. India Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 115. India Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 116. India Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 117. India Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 118. India Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 119. South Korea Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 120. South Korea Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 121. South Korea Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 122. South Korea Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 123. South Korea Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 124. Australia Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 125. Australia Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 126. Australia Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 127. Australia Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 128. Australia Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 129. Rest of Asia-Pacific Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 130. Rest of Asia-Pacific Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 131. Rest of Asia-Pacific Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 132. Rest of Asia-Pacific Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 133. Rest of Asia-Pacific Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 134. LAMEA Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 135. LAMEA Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 136. LAMEA Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 137. LAMEA Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 138. LAMEA Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 139. LAMEA Hydrogen Generation Market, by Country, 2021-2031 ($Million)
Table 140. Brazil Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 141. Brazil Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 142. Brazil Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 143. Brazil Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 144. Brazil Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 145. Saudi Arabia Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 146. Saudi Arabia Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 147. Saudi Arabia Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 148. Saudi Arabia Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 149. Saudi Arabia Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 150. South Africa Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 151. South Africa Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 152. South Africa Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 153. South Africa Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 154. South Africa Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 155. Rest of LAMEA Hydrogen Generation Market, by Source, 2021-2031 ($Million)
Table 156. Rest of LAMEA Hydrogen Generation Market, by Process, 2021-2031 ($Million)
Table 157. Rest of LAMEA Hydrogen Generation Market, by Delivery Mode, 2021-2031 ($Million)
Table 158. Rest of LAMEA Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 159. Rest of LAMEA Chemical Processing Hydrogen Generation Market, by Application, 2021-2031 ($Million)
Table 160. Linde PLC: Company Snapshot
Table 161. Linde PLC: Operating Segments
Table 162. Linde PLC: Product Portfolio
Table 163. Linde PLC: Net Sales
Table 164. Linde PLC: Key Strategies
Table 165. L'air Liquide S. A.: Company Snapshot
Table 166. L'air Liquide S. A.: Operating Segments
Table 167. L'air Liquide S. A.: Product Portfolio
Table 168. L'air Liquide S. A.: Net Sales
Table 169. L'air Liquide S. A.: Key Strategies
Table 170. Cummins Inc.: Company Snapshot
Table 171. Cummins Inc.: Operating Segments
Table 172. Cummins Inc.: Product Portfolio
Table 173. Cummins Inc.: Net Sales
Table 174. Cummins Inc.: Key Strategies
Table 175. Uniper SE: Company Snapshot
Table 176. Uniper SE: Operating Segments
Table 177. Uniper SE: Product Portfolio
Table 178. Uniper SE: Net Sales
Table 179. Uniper SE: Key Strategies
Table 180. Nel Asa: Company Snapshot
Table 181. Nel Asa: Operating Segments
Table 182. Nel Asa: Product Portfolio
Table 183. Nel Asa: Net Sales
Table 184. Nel Asa: Key Strategies
Table 185. Siemens AG: Company Snapshot
Table 186. Siemens AG: Operating Segments
Table 187. Siemens AG: Product Portfolio
Table 188. Siemens AG: Net Sales
Table 189. Siemens AG: Key Strategies
Table 190. Itm Power: Company Snapshot
Table 191. Itm Power: Operating Segments
Table 192. Itm Power: Product Portfolio
Table 193. Itm Power: Net Sales
Table 194. Itm Power: Key Strategies
Table 195. Iberdrola: Company Snapshot
Table 196. Iberdrola: Operating Segments
Table 197. Iberdrola: Product Portfolio
Table 198. Iberdrola: Net Sales
Table 199. Iberdrola: Key Strategies
Table 200. Mcphy Energy S. A: Company Snapshot
Table 201. Mcphy Energy S. A: Operating Segments
Table 202. Mcphy Energy S. A: Product Portfolio
Table 203. Mcphy Energy S. A: Net Sales
Table 204. Mcphy Energy S. A: Key Strategies
Table 205. Messer: Company Snapshot
Table 206. Messer: Operating Segments
Table 207. Messer: Product Portfolio
Table 208. Messer: Net Sales
Table 209. Messer: Key Strategies
Table 210. Orsted A/S: Company Snapshot
Table 211. Orsted A/S: Operating Segments
Table 212. Orsted A/S: Product Portfolio
Table 213. Orsted A/S: Net Sales
Table 214. Orsted A/S: Key Strategies
Table 215. Thyssenkrupp: Company Snapshot
Table 216. Thyssenkrupp: Operating Segments
Table 217. Thyssenkrupp: Product Portfolio
Table 218. Thyssenkrupp: Net Sales
Table 219. Thyssenkrupp: Key Strategies
Table 220. Iwatani Corporation: Company Snapshot
Table 221. Iwatani Corporation: Operating Segments
Table 222. Iwatani Corporation: Product Portfolio
Table 223. Iwatani Corporation: Net Sales
Table 224. Iwatani Corporation: Key Strategies
Table 225. Xebec Adsorption Inc.: Company Snapshot
Table 226. Xebec Adsorption Inc.: Operating Segments
Table 227. Xebec Adsorption Inc.: Product Portfolio
Table 228. Xebec Adsorption Inc.: Net Sales
Table 229. Xebec Adsorption Inc.: Key Strategies
Table 230. Ally Hi-Tech Co. Ltd.: Company Snapshot
Table 231. Ally Hi-Tech Co. Ltd.: Operating Segments
Table 232. Ally Hi-Tech Co. Ltd.: Product Portfolio
Table 233. Ally Hi-Tech Co. Ltd.: Net Sales
Table 234. Ally Hi-Tech Co. Ltd.: Key Strategies
Table 235. Electrochaea GmbH: Company Snapshot
Table 236. Electrochaea GmbH: Operating Segments
Table 237. Electrochaea GmbH: Product Portfolio
Table 238. Electrochaea GmbH: Net Sales
Table 239. Electrochaea GmbH: Key Strategies

List of Figures
Figure 1. Hydrogen Generation Market Segmentation
Figure 2. Hydrogen Generation Market, 2021-2031
Figure 3. Hydrogen Generation Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Hydrogen Generation Mark.:Drivers, Restraints and Opportunities
Figure 12. Key Regulation Analysis
Figure 13. Value Chain Analysis
Figure 14. Hydrogen Generation Market, By Source, 2021(%)
Figure 15. Comparative Share Analysis of Blue Hydrogen Hydrogen Generation Market, 2021-2031(%)
Figure 16. Comparative Share Analysis of Gray Hydrogen Hydrogen Generation Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Green Hydrogen Hydrogen Generation Market, 2021-2031(%)
Figure 18. Hydrogen Generation Market, By Process, 2021(%)
Figure 19. Comparative Share Analysis of Steam Methane Reforming Hydrogen Generation Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Coal Gasification Hydrogen Generation Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Electrolysis Hydrogen Generation Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others Hydrogen Generation Market, 2021-2031(%)
Figure 23. Hydrogen Generation Market, By Delivery Mode, 2021(%)
Figure 24. Comparative Share Analysis of Captive Hydrogen Generation Market, 2021-2031(%)
Figure 25. Comparative Share Analysis of Merchant Hydrogen Generation Market, 2021-2031(%)
Figure 26. Hydrogen Generation Market, By Application, 2021(%)
Figure 27. Comparative Share Analysis of Chemical Processing Hydrogen Generation Market, 2021-2031(%)
Figure 28. Comparative Share Analysis of Transportation Hydrogen Generation Market, 2021-2031(%)
Figure 29. Comparative Share Analysis of Petroleum Recovery Hydrogen Generation Market, 2021-2031(%)
Figure 30. Comparative Share Analysis of Power Generation Hydrogen Generation Market, 2021-2031(%)
Figure 31. Comparative Share Analysis of Others Hydrogen Generation Market, 2021-2031(%)
Figure 32. Hydrogen Generation Market by Region, 2021
Figure 33. U.S. Hydrogen Generation Market, 2021-2031($Million)
Figure 34. Canada Hydrogen Generation Market, 2021-2031($Million)
Figure 35. Mexico Hydrogen Generation Market, 2021-2031($Million)
Figure 36. Germany Hydrogen Generation Market, 2021-2031($Million)
Figure 37. France Hydrogen Generation Market, 2021-2031($Million)
Figure 38. Uk Hydrogen Generation Market, 2021-2031($Million)
Figure 39. Spain Hydrogen Generation Market, 2021-2031($Million)
Figure 40. Netherlands Hydrogen Generation Market, 2021-2031($Million)
Figure 41. Rest of Europe Hydrogen Generation Market, 2021-2031($Million)
Figure 42. China Hydrogen Generation Market, 2021-2031($Million)
Figure 43. Japan Hydrogen Generation Market, 2021-2031($Million)
Figure 44. India Hydrogen Generation Market, 2021-2031($Million)
Figure 45. South Korea Hydrogen Generation Market, 2021-2031($Million)
Figure 46. Australia Hydrogen Generation Market, 2021-2031($Million)
Figure 47. Rest of Asia-Pacific Hydrogen Generation Market, 2021-2031($Million)
Figure 48. Brazil Hydrogen Generation Market, 2021-2031($Million)
Figure 49. Saudi Arabia Hydrogen Generation Market, 2021-2031($Million)
Figure 50. South Africa Hydrogen Generation Market, 2021-2031($Million)
Figure 51. Rest of LAMEA Hydrogen Generation Market, 2021-2031($Million)
Figure 52. Top Winning Strategies, by Year
Figure 53. Top Winning Strategies, by Development
Figure 54. Top Winning Strategies, by Company
Figure 55. Product Mapping of Top 10 Players
Figure 56. Competitive Dashboard
Figure 57. Competitive Heatmap of Top 10 Key Players
Figure 58. Linde pl.: Net Sales, ($Million)
Figure 59. L'air Liquide S.A.: Net Sales, ($Million)
Figure 60. Cummins Inc.: Net Sales, ($Million)
Figure 61. Uniper S.: Net Sales, ($Million)
Figure 62. Nel As.: Net Sales, ($Million)
Figure 63. Siemens A.: Net Sales, ($Million)
Figure 64. Itm Powe.: Net Sales, ($Million)
Figure 65. Iberdrol.: Net Sales, ($Million)
Figure 66. Mcphy Energy S..: Net Sales, ($Million)
Figure 67. Messe.: Net Sales, ($Million)
Figure 68. Orsted A/.: Net Sales, ($Million)
Figure 69. Thyssenkrup.: Net Sales, ($Million)
Figure 70. Iwatani Corporatio.: Net Sales, ($Million)
Figure 71. Xebec Adsorption Inc.: Net Sales, ($Million)
Figure 72. Ally Hi-Tech Co. Lt.: Net Sales, ($Million)
Figure 73. Electrochaea Gmb.: Net Sales, ($Million)

Executive Summary

According to the report, “Hydrogen Generation Market," the hydrogen generation market size was valued at $136.3 billion in 2021, and hydrogen generation industry is estimated to reach $262.0 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

Hydrogen production is the family of industrial methods for generating hydrogen gas. As of 2020, the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas and other light hydrocarbons, partial oxidation of heavier hydrocarbons, and coal gasification.

Hydrogen produced is mostly used by petroleum refineries and fertilizer producing companies. A total of 99% of hydrogen comes from fossil fuel reforming, as it is the most conventional and cost-effective method. However, it is not beneficial for the environment due to CO2 emission. Green hydrogen is produced from electrolysis. Electrolysis is the method used to produce green hydrogen as it uses electricity to split water into hydrogen and oxygen and gives out zero carbon emissions. One of the objectives that various nations have set for 2050 is the decarbonization of the earth. The generation of an element like hydrogen, which produces green hydrogen, is one of the key factors in achieving this goal because it now accounts for more than 2% of worldwide CO2 emissions. For instance, the European Union (EU) released a unique hydrogen policy in 2020 that combines initiatives to support green hydrogen generation capacities’ rapid growth. By 2023, Florida Power & Light plans to have a 20 MW green hydrogen plant up and running. The 1.75 gigawatts Okeechobee gas-fired plant owned by FP&L will utilize this hydrogen in a 20% blend.

Increase in governmental regulations for the desulphurization of petroleum products is projected to drive the growth of the hydrogen generation market opportunities. Hydrogen is an effective energy carrier, and this quality is expected to contribute significantly to its further penetration into newer markets. The global electricity demand is expected to witness an increase of nearly two-thirds of the current demand during the forecast period. Focus on projects related to distributed power & utility, is expected to boost the hydrogen generation market growth during the forecast period.

The hydrogen generation market forecast is segmented on the basis of source, process, delivery mode, application, and region. On the basis of source, it is classified into blue hydrogen, gray hydrogen, and green hydrogen. On the basis of process, the market is categorized into steam methane reforming, coal gasification, electrolysis, and other. On the basis of delivery mode, the market is bifurcated into captive and merchant. On the basis of application, the global hydrogen generation market is divided into chemical processing, transportation, petroleum recovery, power generation and others. Furthermore, the chemical processing segment is bifurcated into ammonia, methanol, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest hydrogen generation market share, followed by North America, and Europe.

The major companies profiled in this report include Linde Plc, Air Liquide, Cummins Inc., Uniper SE, Nel ASA, Siemens, Engine, ITM Power, Iberdrola, McPhy Energy S.A, Messer, Orsted A/S, Thyssenkrupp, Iwatani Corporation, Xebec Adsorption Inc., Ally Hi-Tech Co. Ltd, and Electrochaea GmbH. Rapid development of industrialization, modernization and increase in awareness among the individuals regarding the environmental impact of fossil fuels fuel the demand for hydrogen. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the detection technologies have led to attain key developments in the global hydrogen generation market trends.

Key Findings of the Study

  • As per hydrogen generation market analysis, by source, the grey hydrogen segment accounted for the largest share in 2021.
  • By process, the steam methane reforming segment was the leading segment in 2021.
  • By delivery mode, the captive segment held the largest market share in 2021.
  • By application, the chemical processing segment held the largest market share in 2021.
  • By region, Asia-Pacific is projected to exhibit CAGR of 7.3% from 2022 to 2031.

Impact of Covid-19 on Hydrogen Generation Market

The global COVID-19 pandemic has negative impact on the hydrogen generation market. Outbreak of pandemic simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies across the globe. The novel coronavirus has affected several economies and caused lockdown in many countries which has limited the growth of the market. The shutdown of industrial manufacturer led to the decline in the demand for solar related equipment in most of the countries across the world leading to decline in the growth of the hydrogen generation market. The decrease in utilization of power in the industrial facilities across the globe during the outbreak has a negative impact on the development of the market.

At the initial stage, demand for hydrogen significantly declined due to lockdowns. Furthermore, the supply of hydrogen was hampered, as major portion of the hydrogen is produced from natural gas reforming. However, governments of various countries across the world have eased lockdown restrictions. Therefore, there is steady rise in the manufacturing process. This is driving the demand for hydrogen in industrial applications. The trend is expected to continue during the forecast period.

Companies Mentioned

  • Linde plc
  • L'Air Liquide S.A.
  • Cummins Inc.
  • Uniper SE
  • Nel ASA
  • Siemens AG
  • ITM Power
  • Iberdrola
  • McPhy Energy S.A
  • Messer
  • Orsted A/S
  • ThyssenKrupp
  • Iwatani Corporation
  • Xebec Adsorption Inc.
  • Ally Hi-Tech Co. Ltd
  • Electrochaea GmbH

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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