Chemical Hydrogen Generation - Global Strategic Business Report

The global market for Chemical Hydrogen Generation was estimated at US$91.2 Billion in 2024 and is projected to reach US$121.5 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Chemical Hydrogen Generation market.

Global Chemical Hydrogen Generation Market - Key Trends & Drivers Summarized

Why is Chemical Hydrogen Generation Gaining Market Prominence?

The rising demand for clean energy and the increasing focus on decarbonization have placed chemical hydrogen generation at the forefront of the global energy transition. As industries and governments worldwide push for lower greenhouse gas emissions, hydrogen is emerging as a key energy carrier, with applications spanning from fuel cells to industrial processes. This growing demand is further propelled by the shift toward green hydrogen production, which relies on renewable energy sources such as wind, solar, and hydropower. The chemical industry is leveraging hydrogen generation technologies to optimize industrial operations and create low-carbon feedstocks for petrochemicals, ammonia production, and methanol synthesis. Additionally, the emergence of hydrogen-powered mobility, particularly in fuel cell electric vehicles (FCEVs), is driving interest in scalable hydrogen generation solutions. With the global energy landscape evolving, advancements in electrolysis and other chemical hydrogen generation techniques are making hydrogen more accessible and cost-efficient for widespread adoption.

How Are Technological Innovations Shaping Hydrogen Generation?

Significant technological advancements in chemical hydrogen generation are revolutionizing its production, storage, and transportation. The development of proton exchange membrane (PEM) electrolysis, solid oxide electrolysis cells (SOECs), and alkaline electrolysis has significantly enhanced the efficiency and affordability of hydrogen production. These cutting-edge technologies are playing a vital role in scaling up green hydrogen production, making it a commercially viable alternative to traditional fossil fuel-based hydrogen generation. Beyond electrolysis, methane pyrolysis, biomass gasification, and photoelectrochemical water splitting are gaining traction as sustainable methods for producing clean hydrogen. Furthermore, hydrogen storage advancements in solid-state hydrogen carriers, liquid organic hydrogen carriers (LOHCs), and cryogenic storage solutions are addressing the logistical challenges associated with hydrogen transportation. These innovations are streamlining the integration of hydrogen into existing energy infrastructures and supporting its widespread commercialization across industries.

Which Industries Are Fueling the Demand for Hydrogen Generation?

The Chemical Hydrogen Generation market is witnessing significant demand across diverse industries, driven by its critical role in energy, mobility, and industrial applications. The transportation sector is rapidly adopting hydrogen fuel cell technology, particularly in heavy-duty trucking, marine vessels, and aviation, as an alternative to fossil fuels. The scalability and efficiency of hydrogen-powered engines are making them an attractive choice for industries looking to reduce carbon footprints and comply with stringent emissions regulations. In addition to mobility, the power generation sector is increasingly integrating hydrogen into existing energy grids to enhance renewable energy storage and stabilize electricity supply. Hydrogen-powered turbines and fuel cells are being deployed to supplement intermittent renewable energy sources, ensuring a more reliable and sustainable power infrastructure. Similarly, the petrochemical and refining industries are utilizing hydrogen in hydrocracking and desulfurization processes, highlighting its indispensable role in industrial chemistry.

What Factors Are Driving Market Growth?

The growth in the Chemical Hydrogen Generation market is driven by several factors, including government policies, industrial demand, and technological progress. Global decarbonization goals and net-zero commitments are compelling industries to invest in hydrogen as a clean energy alternative. Governments worldwide are rolling out subsidies, tax incentives, and research funding to accelerate hydrogen production, storage, and distribution infrastructure development. Additionally, the rising cost competitiveness of green hydrogen due to declining renewable energy prices is making it an economically viable solution for industries seeking sustainable alternatives. The increasing adoption of hydrogen-based energy storage systems is also enhancing grid stability and enabling higher penetration of renewable energy sources. Furthermore, consumer preferences for cleaner energy solutions and corporate sustainability initiatives are prompting industries to transition towards hydrogen-based processes. As investments in hydrogen production hubs and international hydrogen trade partnerships continue to rise, the Chemical Hydrogen Generation market is poised for substantial expansion in the years ahead.

Scope of Study:

The report analyzes the Chemical Hydrogen Generation market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Delivery Mode (Captive Delivery, Merchant Delivery); Process Type (Steam Reformer Process, Electrolysis Process, Other Process Types)
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Captive Delivery segment, which is expected to reach US$74.8 Billion by 2030 with a CAGR of a 5.8%. The Merchant Delivery segment is also set to grow at 3.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $24.9 Billion in 2024, and China, forecasted to grow at an impressive 7.9% CAGR to reach $24.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Chemical Hydrogen Generation Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Chemical Hydrogen Generation Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Chemical Hydrogen Generation Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Air Liquide S.A., Air Products and Chemicals, Inc., Ballard Power Systems, Bloom Energy Corporation, BP plc and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 36 companies featured in this Chemical Hydrogen Generation market report include:

• Air Liquide S.A.
• Air Products and Chemicals, Inc.
• Ballard Power Systems
• Bloom Energy Corporation
• BP plc
• Cummins Inc.
• ENGIE SA
• ExxonMobil Corporation
• Iberdrola
• ITM Power PLC
• Johnson Matthey
• Linde plc
• McPhy Energy
• Mitsubishi Power
• Nel ASA
• Plug Power Inc.
• Shell plc
• Siemens Energy AG
• Thyssenkrupp Nucera
• TotalEnergies SE

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.