Reports
Global Hydrogen Generation Market Size, Share, Forecast: By Source: Blue Hydrogen, Green Hydrogen, Grey Hydrogen; By Technology; By System Type; By Application: Methanol Production, Petroleum Refinery, Ammonia Production, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Hydrogen Generation Market Outlook
The global hydrogen generation market reached a value of USD 165.77 billion in 2023. The market is further expected to grow at a CAGR of 9% in the forecast period of 2024-2032 to reach a value of USD 367.28 billion by 2032.
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The Asia Pacific to Provide Enhanced Growth Opportunities to the Hydrogen Generation Industry
Region-wise, the Asia Pacific is expected to witness a robust growth over the forecast period. The increasing demand for energy and the rising environmental concerns in emerging countries like India and China are expected to stimulate the market growth. In addition, the increasing efforts by governments to encourage the adoption of renewable fuels over fossil fuels are also aiding the market. For instance, China is making a USD 290 million investment in a hydrogen city to promote research and development of fuel cells and boost the construction of hydrogen stations, further achieving mass production of fuel cell vehicles by 2020. Furthermore, Japan has ambitious plans to have 100 fuel cell buses, including privately-operated vehicles, and 6000 fuel cell cars operating on city streets by 2020. Such developments are expected to drive the market forward in the region.
Hydrogen Generation: Market Segmentation
Hydrogen is the most abundant element in terms of industrial gases and is found in gaseous state in the atmosphere. It is obtained when steam is heated with natural gas. It can also be produced by carrying out the electrolysis of water as well as by other methods like biomass gasification. Hydrogen is a renewable energy source and can be efficiently used to generate electricity.
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The market is divided based on source into:
- Blue Hydrogen
- Green Hydrogen
- Grey Hydrogen
By technology, the market is divided into:
- Steam Methane Reforming
- Coal Gasification
- Partial Oxidation of Oil
- Electrolysis of Water
- Others
Based on system type, the industry can be segmented into:
- Merchant
- Captive
On the basis of application, the industry can be categorised into:
- Methanol Production
- Petroleum Refinery
- Ammonia Production
- Power Generation
- Transportation
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Focus on Decarbonisation and Favourable Government Regulations to Bolster the Growth of the Hydrogen Generation Industry
Decarbonisation means a decrease in the carbon footprint of primary energy over time. The decarbonisation of the earth's energy system is one of the biggest challenges we face today, and, thus, the demand for green energy technologies and cleaner sources of energy, such as hydrogen, has increased. This is aiding the growth of the hydrogen generation industry. Further, the favourable government initiatives to reduce the carbon footprint are significantly contributing to the market growth. Being a clean energy fuel, hydrogen is expected to reduce oil dependence over a period of time, thereby reducing greenhouse gas emissions and other pollutants. Hydrogen can be produced in large quantities from almost all energy resources such as biomass, wind power, solar power, nuclear power, and clean fossil fuels. The hydrogen produced can hence be used for energy generation and will balance the supply and demand of the future energy system.
Over the forecast period, the increasing funding for hydrogen-related research and development activities as well as the growing attention of leading automotive manufacturers towards the benefits of hydrogen as a fuel are expected to aid the market.
Key Industry Players in the Global Hydrogen Generation Market
The report gives a detailed analysis of the following key players in the global hydrogen generation market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ally Hi-Tech Co., Ltd.
- Caloric Anlagenbau GmbH
- Linde AG
- FuelCell Energy, Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report:
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Technology, System Type, Application, Region |
| Breakup by Source | Blue Hydrogen, Green Hydrogen, Grey Hydrogen |
| Breakup by Technology | Steam Methane Reforming, Coal Gasification, Partial Oxidation of Oil, Electrolysis of Water, Others |
| Breakup by System Type | Merchant, Captive |
| Breakup by Application | Methanol Production, Petroleum Refinery, Ammonia Production, Power Generation, Transportation, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Ally Hi-Tech Co.,Ltd., Caloric Anlagenbau GmbH, Linde AG, FuelCell Energy, Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Hydrogen Generation Market Analysis
8.1 Key Industry Highlights
8.2 Global Hydrogen Generation Historical Market (2018-2023)
8.3 Global Hydrogen Generation Market Forecast (2024-2032)
8.4 Global Hydrogen Generation Market by Source
8.4.1 Blue Hydrogen
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Green Hydrogen
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Grey Hydrogen
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Hydrogen Generation Market by Technology
8.5.1 Steam Methane Reforming
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Coal Gasification
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Partial Oxidation of Oil
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Electrolysis of Water
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Hydrogen Generation Market by System Type
8.6.1 Merchant
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Captive
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.7 Global Hydrogen Generation Market by Application
8.7.1 Methanol Production
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Petroleum Refinery
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Ammonia Production
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Power Generation
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Transportation
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Hydrogen Generation Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 280410)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Ally Hi-Tech Co.,Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Caloric Anlagenbau GmbH
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Linde AG
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 FuelCell Energy, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Detailed Process Flow
1.2 Operations Involved
1.3 Mass Balance
2 Project Requirements and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Hydrogen Generation Market: Key Industry Highlights, 2018 and 2032
2. Global Hydrogen Generation Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Hydrogen Generation Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Hydrogen Generation Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Hydrogen Generation Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Hydrogen Generation Historical Market: Breakup by System Type (USD Billion), 2018-2023
7. Global Hydrogen Generation Market Forecast: Breakup by System Type (USD Billion), 2024-2032
8. Global Hydrogen Generation Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Hydrogen Generation Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Hydrogen Generation Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Hydrogen Generation Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Hydrogen Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Hydrogen Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Hydrogen Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Hydrogen Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Hydrogen Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Hydrogen Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Hydrogen Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Hydrogen Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Hydrogen Generation Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Hydrogen Generation Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. North America Historical Price Trends and Forecast (2018-2028)
27. Europe Historical Price Trends and Forecast (2018-2028)
28. Asia Pacific Historical Price Trends and Forecast (2018-2028)
29. Latin America Historical Price Trends and Forecast (2018-2028)
30. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
31. Global Hydrogen Generation Market Structure
Key Questions Answered in the Report
In 2023, the global hydrogen generation market attained a value of nearly USD 165.77 billion.
The market is projected to grow at a CAGR of 9% between 2024 and 2032.
The major drivers of the market include the increasing funding for hydrogen-related research and development activities, growing attention of leading automotive manufacturers towards the benefits of hydrogen, rising environmental concerns, and increasing fuel cell power generation.
The rising demand for green energy technologies and cleaner sources of energy, such as hydrogen, and favourable government initiatives to reduce the carbon footprint are the key trends propelling the market's growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various sources of hydrogen generation are blue hydrogen, green hydrogen, and grey hydrogen.
The different technologies in the market are steam methane reforming, coal gasification, partial oxidation of oil, and electrolysis of water, among others.
The various system types in the market are merchant and captive.
The major applications in the market are methanol production, petroleum refinery, ammonia production, power generation, and transportation, among others.
The key players in the global hydrogen generation market are Ally Hi-Tech Co., Ltd., Caloric Anlagenbau GmbH, Linde AG, and FuelCell Energy, Inc., among others.
Analyst Review
The global hydrogen generation market attained a value of nearly USD 165.77 billion in 2023, driven by the rising demand for green energy technologies and cleaner sources of energy. Aided by increasing funding for hydrogen-related research and development activities and favourable government initiatives to reduce the carbon footprint, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 9%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is divided based on source into blue hydrogen, green hydrogen, and grey hydrogen. By technology, the market is divided into steam methane reforming, coal gasification, partial oxidation of oil, and electrolysis of water, among others. Based on system type, the industry can be segmented into merchant and captive. On the basis of application, the industry can be categorised into methanol production, petroleum refinery, ammonia production, power generation, and transportation, among others. The major regional markets for hydrogen generation market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa with Asia Pacific accounting for the largest share in the market. The major players in the industry are Ally Hi-Tech Co., Ltd., Caloric Anlagenbau GmbH, Linde AG, and FuelCell Energy, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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