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)
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.
Asia Pacific is expected to be the largest market during the forecast period. With the commercialization of the fuel cell along with the region.
Insights are provided for each region and major countries within the regions
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 |
Available Customization |
In addition to the market data for Hydrogen Generation Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Hydrogen Generation Market is segmented into technology, application, source, generation & delivery mode and geography.