Hydrogen Generation Market - Trends Forecast Till 2028

Hydrogen Generation Market, by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-EN-HGM-1034

Format:  

Number of Pages: 261

Domain: Energy

Hydrogen Generation Market – Trends Forecast Till 2028

The global hydrogen generation market size is projected to reach USD 204 billion by 2026 at a CAGR of 9.5% from USD 135 billion in 2021 during the forecast period 2021-2028.

Hydrogen production is an industrial method used for generation of hydrogen gas. The majority of production of hydrogen gas is by the fossil fuels. Other sources include natural gas, light hydrocarbons and coal gas.

With the surge in demand for long term storage of renewable energy along with the raised demand from the transportation sector are some of the factors that have supported long-term expansion for Hydrogen Generation Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With the governmental stringent regulation in order to control the pandemic declined the market.

Hydrogen Generation Market Size Analysis

Asia Pacific is expected to be the largest market during the forecast period. With the commercialization of the fuel cell along with the region.

Hydrogen Generation Market is segmented into technology, application, source, generation & delivery mode and geography.

On the basis of Source

  • Blue Hydrogen
  • Green Hydrogen
  • Grey Hydrogen

On the basis of Technology

  • Steam Methane Reforming (SMR)
  • Partial Oxidation (POX)
  • Coal Gasification
  • Electrolysis

On the basis of Application

  • Petroleum Refinery
  • Ammonia Production
  • Methanol Production
  • Transportation
  • Power Generation
  • Other Applications

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Hydrogen Generation Market Primary Respondent

 

Key Players

  • Air Liquide
  • Cummins
  • Linde
  • Air Products & Chemicals
  • Iwatani
  • Engie
  • ITM Power
  • NEL Hydrogen
  • Fuel Cell Energy
  • Messer Group
  • Showa Denko
  • Taiyo Nippon
  • Xebec
  • Uniper
  • McPhy Energy
  • Enapter
  • Starfire Energy
  • Claind
  • Plug Power
  • Ally-Hi Tech
  • Green Hydrogen Systems
  • Aquahydrex
  • Electrochaea
  • Exytron
  • Hiringa  Energy
  • PowerTap
  • Heliogen
  • Ergousp
  • HyTech Power
  • Atawey

Recent Developments

  • In January 2019, Air Liquide completed the acquisition of Hydrogenics in order to install the largest PEM electrolyzer in Canada with a 20 megawatts (MW) capacity for the production of low-carbon hydrogen (the facility will use hydropower).
  • In January 2021, Cummins and Air Liquide entered into a joint venture agreement in order to promote green hydrogen.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Hydrogen Generation market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 135 billion

Growth Rate

CAGR of 9.5% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

technology, application, source, generation & delivery mode and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Air Liquide , Cummins , Linde , Air Products & Chemicals , Iwatani , Engie, ITM Power, NEL Hydrogen , Fuel Cell Energy , Messer Group , Showa Denko , Taiyo Nippon , Xebec , Uniper , McPhy Energy , Enapter , Starfire Energy , Claind, Plug Power , Ally-Hi Tech, Green Hydrogen Systems , Aquahydrex , Electrochaea , Exytron , Hiringa  Energy ,PowerTap , Heliogen, Ergousp , HyTech Power and Atawey

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