The global hydrogen generation market is expected to grow at a steady rate during the forecast period. The global hydrogen generation market is driven by growing environmental concerns pertaining to greenhouse gas emissions, global warming, and climate change. This has increased the need to adopt cleaner forms of energy and reduce the carbon footprint. This in turn is expected to positively influence the market growth through 2027.
Additionally, increasing demand across various end-user industries such as oil & gas, transportation, semiconductors, among others is further expected to propel the market growth over the next few years. Furthermore, supportive government policies for bringing down the emission levels and desulphurization of refinery activities are expected to fuel the market growth. However, hydrogen is a highly flammable gas and hence needs to be carefully handled and transported. This can hamper the market growth up to a certain extent. Besides, hydrogen does not exist in a free state in nature hence a lot of energy is required to separate out hydrogen thereby slowing down the market growth.
The global hydrogen generation market is segmented based on system, technology, storage, application, company, and region. Based on system, the market can be split into captive and merchant. The merchant segment is expected to register significant growth in the market since it can produce hydrogen using water electrolysis and natural gas processes. This reduces the need for the transportation of fuel and the construction of hydrogen generation infrastructure.
Based on technology, the market can be categorized into steam methane reforming, partial oxidation of oil, coal gasification, electrolysis of water, and others. The steam methane reforming segment is expected to dominate the market owing to the associated benefits such as affordability, production of hydrogen from conventional sources, high conversion efficiency since it is an advanced technology, among others.
Regionally, the hydrogen generation market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall hydrogen generation market owing to the growing environmental concerns in the region. Additionally, the U.S. is among the early adopters of clean energy solutions in the world for sectors such as power generation, manufacturing, and transportation.
The major players operating in the hydrogen generation market are Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics, Linde, Praxair, Messer Group, Showa Denko, Ally Hi Tech, Caloric and others. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
- To analyze and estimate the market size of global hydrogen generation market from 2017 to 2020.
- To estimate and forecast the market size of global hydrogen generation market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global hydrogen generation market based on system, technology, storage, application, company and regional distribution.
- To identify dominant region or segment in the global hydrogen generation market.
- To identify drivers and challenges for global hydrogen generation market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global hydrogen generation market.
- To identify and analyze the profile of leading players operating in global hydrogen generation market.
- To identify key sustainable strategies adopted by market players in global hydrogen generation market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global hydrogen generation market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Hydrogen generation manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to hydrogen generation
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
| Key Companies Profiled | Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics, Linde, Praxair, Messer Group, Showa Denko, Ally Hi Tech, Caloric. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global hydrogen generation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Hydrogen Generation Market, By System:
- Captive
- Merchant
- Global Hydrogen Generation Market, By Technology:
- Steam Methane Reforming
- Partial Oxidation of Oil
- Coal Gasification
- Electrolysis of Water
- Others
- Global Hydrogen Generation Market, By Storage:
- On-Board
- Underground
- Power-to-Gas
- Global Hydrogen Generation Market, By Application:
- Petroleum Refinery
- Ammonia Production
- Methanol Production
- Power Generation
- Others
- Global Hydrogen Generation Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
- South America
- Brazil
- Argentina
- Colombia
- North America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global hydrogen generation market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Content
- Product Overview
- Research Methodology
- Impact of COVID-19 on the Global Hydrogen Generation Market
- Executive Summary
- Voice of Customer
- Global Hydrogen Generation Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By System (Captive v/s Merchant)
6.2.2. By Technology (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, Electrolysis of Water, Others)
6.2.3. By Storage (On-Board, Underground, Power-to-Gas)
6.2.4. By Application (Petroleum Refinery, Ammonia Production, Methanol Production, Power Generation, Others)
6.2.5. By Company (2021)
6.2.6. By Region
6.3. Product Market Map
- Asia-Pacific Hydrogen Generation Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By System
7.2.2. By Technology
7.2.3. By Storage
7.2.4. By Application
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Hydrogen Generation Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By System
7.3.1.2.2. By Technology
7.3.1.2.3. By Storage
7.3.1.2.4. By Application
7.3.2. India Hydrogen Generation Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By System
7.3.2.2.2. By Technology
7.3.2.2.3. By Storage
7.3.2.2.4. By Application
7.3.3. Australia Hydrogen Generation Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By System
7.3.3.2.2. By Technology
7.3.3.2.3. By Storage
7.3.3.2.4. By Application
7.3.4. Japan Hydrogen Generation Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By System
7.3.4.2.2. By Technology
7.3.4.2.3. By Storage
7.3.4.2.4. By Application
7.3.5. South Korea Hydrogen Generation Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By System
7.3.5.2.2. By Technology
7.3.5.2.3. By Storage
7.3.5.2.4. By Application
- Europe Hydrogen Generation Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By System
8.2.2. By Technology
8.2.3. By Storage
8.2.4. By Application
8.2.5. By Country
8.3. Europe: Country Analysis
8.3.1. France Hydrogen Generation Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By System
8.3.1.2.2. By Technology
8.3.1.2.3. By Storage
8.3.1.2.4. By Application
8.3.2. Germany Hydrogen Generation Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By System
8.3.2.2.2. By Technology
8.3.2.2.3. By Storage
8.3.2.2.4. By Application
8.3.3. United Kingdom Hydrogen Generation Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By System
8.3.3.2.2. By Technology
8.3.3.2.3. By Storage
8.3.3.2.4. By Application
8.3.4. Italy Hydrogen Generation Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By System
8.3.4.2.2. By Technology
8.3.4.2.3. By Storage
8.3.4.2.4. By Application
8.3.5. Spain Hydrogen Generation Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By System
8.3.5.2.2. By Technology
8.3.5.2.3. By Storage
8.3.5.2.4. By Application
- North America Hydrogen Generation Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By System
9.2.2. By Technology
9.2.3. By Storage
9.2.4. By Application
9.2.5. By Country
9.3. North America: Country Analysis
9.3.1. United States Hydrogen Generation Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By System
9.3.1.2.2. By Technology
9.3.1.2.3. By Storage
9.3.1.2.4. By Application
9.3.2. Mexico Hydrogen Generation Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By System
9.3.2.2.2. By Technology
9.3.2.2.3. By Storage
9.3.2.2.4. By Application
9.3.3. Canada Hydrogen Generation Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By System
9.3.3.2.2. By Technology
9.3.3.2.3. By Storage
9.3.3.2.4. By Application
- South America Hydrogen Generation Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By System
10.2.2. By Technology
10.2.3. By Storage
10.2.4. By Application
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Hydrogen Generation Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By System
10.3.1.2.2. By Technology
10.3.1.2.3. By Storage
10.3.1.2.4. By Application
10.3.2. Argentina Hydrogen Generation Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By System
10.3.2.2.2. By Technology
10.3.2.2.3. By Storage
10.3.2.2.4. By Application
10.3.3. Colombia Hydrogen Generation Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By System
10.3.3.2.2. By Technology
10.3.3.2.3. By Storage
10.3.3.2.4. By Application
- Middle East and Africa Hydrogen Generation Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By System
11.2.2. By Technology
11.2.3. By Storage
11.2.4. By Application
11.2.5. By Country
11.3. MEA: Country Analysis
11.3.1. South Africa Hydrogen Generation Market Outlook
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By System
11.3.1.2.2. By Technology
11.3.1.2.3. By Storage
11.3.1.2.4. By Application
11.3.2. Saudi Arabia Hydrogen Generation Market Outlook
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By System
11.3.2.2.2. By Technology
11.3.2.2.3. By Storage
11.3.2.2.4. By Application
11.3.3. UAE Hydrogen Generation Market Outlook
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By System
11.3.3.2.2. By Technology
11.3.3.2.3. By Storage
11.3.3.2.4. By Application
11.3.4. Kuwait Hydrogen Generation Market Outlook
11.3.4.1. Market Size & Forecast
11.3.4.1.1. By Value
11.3.4.2. Market Share & Forecast
11.3.4.2.1. By System
11.3.4.2.2. By Technology
11.3.4.2.3. By Storage
11.3.4.2.4. By Application
- Market Dynamics
12.1. Drivers
12.2. Challenges
- Market Trends & Developments
- Competitive Landscape
14.1. Air Liquide
14.2. Air Products and Chemicals
14.3. Iwatani
14.4. Hydrogenics
14.5. Linde
14.6. Praxair
14.7. Messer Group
14.8. Showa Denko
14.9. Ally Hi Tech
14.10. Caloric
- Strategic Recommendations