Hydrogen Generation Market - Global Market Share, Trends, Analysis and Forecast 2022 – 2032
The global hydrogen generation market has been estimated at USD 130 billion in 2021 and is expected to grow at a CAGR of 9% between 2022 and 2032.
Hydrogen is the simplest element to be produced. It needs to get separated from its allied compounds. Its generation is carried out through diverse methodologies. Commonly used methods for producing hydrogen are steam-methane reforming and electrolysis which is dividing water molecules with electricity.
The use of hydrogen has been an escape to reduce harmful emissions. Sectors like transportation integrated clean energy systems and enabled zero-emission in chemical and industrial procedures, steel manufacturing units, ports, and data centers. Hydrogen generation markets are replacing the traditional fuel market with excellent projection globally.
Market Trends
COVID-19 outbreak has impacted the hydrogen generation market across the major regions of the research. Countries like China, the US, the UK, Italy, and scores of others have severely impacted hydrogen generation. Demands for household electricity increased during the quarantine period, which negatively affected industrial electricity consumption.
The partial shutdown of industries reduced electricity consumption significantly due to affected economies globally. Governments internationally were compelled to minimize the business production.
Factors impacting the growth of the hydrogen generation market
COVID-19 outbreak is the primary reason for the global decline in the market growth of hydrogen generation.
Increasing greenhouse emissions, primarily due to more production of fossil fuels used in industries. Gasses like carbon dioxide (CO2), nitrous oxide, and methane are predominantly responsible for increasing atmospheric temperatures. Multiple studies prove the US accounts for 25% of emissions and a temperature rise.
There is a quantifiable amount of sulfur levels found in fuel, directly or indirectly accountable for the emission of greenhouse gasses and rise in temperature. Sulfur accelerates the emission amount of methane and carbon dioxide into the atmosphere.
Additionally, the research considers the competitive landscape, wherein the report would include a company overview and market outlook based on application, end-user, and geography for critical players in the disposable bronchoscope market. Moreover, the information would reflect the global sales funnel, regional sales analysis, and network, key advancements, business strategies, and research and development activities for all the major players operating in the market.
Countries like the UK, North America, China, and Japan have shifted from traditional fuels to hydrogen generation technology.
Key market players
The major market players in the hydrogen generation market include Linde, Air Liquide, Air Products and Chemicals, Uniper, and Engie.
Segmentation of the market
By Applications
- Petroleum Refinery
- Ammonia Generation
- Methanol Generation
- Others
By Technology
- SMR
- POX
- Electrolysis
- Others
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Hydrogen Generation Market
- Global Hydrogen Generation Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Hydrogen Value Chain Analysis
- Hydrogen Production Statistics, 2022
- Penetration of Low-emission Hydrogen
- Regulations/Policies supporting production and usage of low emission Hydrogen
- Derivatives of Hydrogen and their role in decarbonisation
- Trends
- Global Hydrogen Generation Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- Global Hydrogen Generation Market Analysis and Forecast, by Technology
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- Global Hydrogen Generation Market Analysis and Forecast, by System
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- Global Hydrogen Generation Market Analysis and Forecast, by Source
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- Global Hydrogen Generation Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Global Hydrogen Generation Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Hydrogen Generation Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Hydrogen Generation Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- North America Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- North America Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- North America Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- North America Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- North America Hydrogen Generation Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Hydrogen Generation Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- Europe Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- Europe Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- Europe Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- Europe Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Europe Hydrogen Generation Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific Hydrogen Generation Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Asia Pacific Hydrogen Generation Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Hydrogen Generation Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Middle East & Africa Hydrogen Generation Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Hydrogen Generation Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Hydrogen Generation Market Estimates (US$ Mn), by Type, 2019 – 2032
- Blue Hydrogen
- Gray Hydrogen
- Green Hydrogen
- South America Hydrogen Generation Market Estimates (US$ Mn), by Technology, 2019 – 2032
- Coal Gasification
- Steam Methane Reforming
- Partial Oxidation (POX)
- Electrolysis
- Others
- South America Hydrogen Generation Market Estimates (US$ Mn), by System, 2019 – 2032
- Merchant
- Captive
- South America Hydrogen Generation Market Estimates (US$ Mn), by Source, 2019 – 2032
- Natural Gas
- Coal
- Biomass
- Water
- South America Hydrogen Generation Market Estimates (US$ Mn), by Application, 2019 – 2032
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- South America Hydrogen Generation Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Hydrogen Generation Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Linde plc
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Air Liquide International S.A.
- Uniper
- Engie
- Hydrogenics
- Inox
- Messer Group GmbH
- Air Products and Chemicals, Inc.
- Weldstar, Inc.
- Praxair, Inc.
- McPhy
- LNI Swissgas
- Linde plc
- Conclusion & Recommendations
Frequently asked questions about this report
How is hydrogen produced?
It needs to get separated from its allied compounds. Its generation is carried out through diverse methodologies.
What methods are used for hydrogen generation?
The methods for producing it are steam-methane reforming and electrolysis dividing water molecules with electricity.
Which region accounts for the fastest hydrogen generation market?
Asia- Pacific region accounts for the leading hydrogen generation market.
Who are the major key players in the hydrogen generation market?
Linde (Germany), Air Liquide (France), Air Products and Chemicals (US), Uniper (Germany), and Engie (France).