Top 4 Companies Dominating the Global Hydrogen Generation Market, By Capitalising Clean Energy Demands

Ally Hi-Tech Co., Ltd., CALORIC Anlagenbau GmbH, Linde AG, and FuelCell Energy, Inc., among others, are the major players in the global hydrogen generation market.

The global hydrogen generation market is expected to grow at a CAGR of 9% in the forecast period of 2023-2028. As per the analysis by Expert Market Research, the market is being driven by the rising demand for clean energy sources.

There is an increasing demand for clean energy sources and green energy technologies, which is bolstering the market for hydrogen generation. Automotive manufacturers are also increasingly attempting to utilise hydrogen as a sustainable fuel for vehicles. Moreover, the increasing launches of hydrogen-based fuel-cell vehicles by key automotive companies are likely to support the hydrogen generation market growth in the forecast period.

The growing focus on reducing greenhouse emissions is significantly boosting hydrogen generation in several countries. Countries like China are also actively investing to boost the construction of hydrogen stations and promote the research and development of fuel cells. With the increasing attempts to surge electricity production, developing economies, like Namibia, are harnessing the power of wind and solar energy for hydrogen generation.

In September 2022, Linde announced its decision to construct and operate a 35-megawatt proton exchange membrane electrolyser and utilise hydroelectric power for producing green liquid hydrogen. The plant, expected to commence by 2025, is intended to meet the rising green liquid hydrogen demand from the electronics, manufacturing, and aerospace sectors in North America. The company aims to leverage its distribution and liquefier agreement for supplying green liquid hydrogen to its customers. Through the production of green liquid hydrogen, the company aims to enhance the sustainability of the energy economy.

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Top 4 Hydrogen Generation Companies in the World:

Ally Hi-Tech Co., Ltd.

Ally Hi-Tech Co., Ltd. is a company that is engaged in the research and development of advanced hydrogen production technology and new energy solutions. It is a prominent hydrogen production expert in China, and it supplies hydrogen generation solutions for various companies. The company aims to provide environmentally friendly and energy-efficient hydrogen energy system services and solutions in the global market.

CALORIC Anlagenbau GmbH

CALORIC Anlagenbau GmbH supplies affordable, high-end, and pre-assembled hydrogen generation plants for syngas generation plants, hydrogen production, and carbon monoxide generation plants. Some of its leading products include waste management systems, gas purification plants, and industrial-scale demonstration and pilot plants.

Linde AG

Linde is a leading engineering and industrial gas company that provides innovative solutions to several sectors, including chemicals, food and beverage, refining, and manufacturing, among others. The company also delivers advanced gas processing solutions for improving efficiencies, reducing emissions, and supporting customer demands. It aims to provide innovative solutions for sustaining advanced technologies, solutions, and products.

FuelCell Energy Inc.

FuelCell Energy is one of the most prominent companies driving fuel cell innovation. The company aims to offer clean, affordable, and efficient solutions to energy customers. Nearly 100 fuel cell plants of the company are operated across the globe. It also intends to achieve net-zero carbon emissions by 2050. In November 2022, the company expanded its Joint Development Agreement with ExxonMobil to boost carbonate fuel cell technology innovations for the power and industrial sectors.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.