[Latest] Global Hydrogen Generation Market Size/Share Worth USD 280.4 Billion by 2032 at a 8.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Hydrogen Generation Market size & share revenue was valued at approximately USD 158.5 Billion in 2022 and is expected to reach USD 160.2 Billion in 2023 and is expected to reach around USD 280.4 Billion by 2032, at a CAGR of 8.8% between 2023 and 2032. The key market players listed in the report with their sales, revenues and strategies are Air Liquide, Linde plc, Air Products and Chemicals Inc., Hydrogenics Corporation, Ballard Power Systems, Plug Power Inc., ITM Power, McPhy Energy, Nel Hydrogen, Siemens Energy, Cummins Inc., Green Hydrogen Systems, Mitsubishi Power, Toshiba Energy Systems & Solutions Corporation, Enapter, Nel Hydrogen Electrolyser, Doosan Fuel Cell, Uniper SE , PowerTap Hydrogen Fueling Corp., Hexagon Purus, and others.
Austin, TX, USA, Feb. 28, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Hydrogen Generation Market Size, Trends and Insights By Source (Green Hydrogen, Blue Hydrogen, Gray Hydrogen), By Process (Methane Reforming, Coal Gasification, Electrolysis, Others), By Delivery Mode (Captive, Merchant), By Application (Chemical Processing, Transportation, Petroleum Recovery, Power Generation), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global
Hydrogen Generation Market – Regional Insight
By region, Hydrogen Generation market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the global hydrogen generation market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
The Asia-Pacific region plays a pivotal role in driving the hydrogen generation market. Growing emphasis on transitioning towards cleaner energy sources and hydrogen is positioned as a key element in achieving this goal.
Governments in countries like Japan, South Korea, and China are investing significantly in hydrogen infrastructure, production, and research, fostering a conducive environment for market growth. Increasing industrialization and urbanization drive the demand for hydrogen in sectors like manufacturing, transportation, and energy.
Additionally, the region’s commitment to decarbonization aligns with hydrogen’s potential as a clean energy carrier. The development of hydrogen-based technologies, such as fuel cells, further stimulates market expansion.
Government policies, incentives, and collaborations with industry players contribute to Asia-Pacific pivotal role in propelling the hydrogen generation market forward, making it a key player in the global shift toward a hydrogen economy.
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List of the prominent players in the Hydrogen Generation Market:
- Air Liquide
- Linde plc
- Air Products and Chemicals Inc.
- Hydrogenics Corporation
- Ballard Power Systems
- Plug Power Inc.
- ITM Power
- McPhy Energy
- Nel Hydrogen
- Siemens Energy
- Cummins Inc.
- Green Hydrogen Systems
- Mitsubishi Power
- Toshiba Energy Systems & Solutions Corporation
- Enapter
- Nel Hydrogen Electrolyser
- Doosan Fuel Cell
- Uniper SE
- PowerTap Hydrogen Fueling Corp.
- Hexagon Purus
- Others
Cummins collaborated with Tecnimont Private Limited to build a PEM electrolyzer for GAIL to produce 4.3 tons of green hydrogen per day. Cummins supplied and commissioned more than 600 electrolyzer worldwide with PEM and alkaline technologies.
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The Hydrogen Generation Market is segmented as follows:
By Source
- Green Hydrogen
- Blue Hydrogen
- Gray Hydrogen
By Process
- Methane Reforming
- Coal Gasification
- Electrolysis
- Others
By Delivery Mode
- Captive
- Merchant
By Application
- Chemical Processing
- Transportation
- Petroleum Recovery
- Power Generation
- Others
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Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Hydrogen Generation Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Hydrogen Generation Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Hydrogen Generation Market? What Was the Capacity, Production Value, Cost and PROFIT of the Hydrogen Generation Market?
- What Is the Current Market Status of the Hydrogen Generation Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Hydrogen Generation Market by Considering Applications and Types?
- What Are Projections of the Global Hydrogen Generation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Hydrogen Generation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Hydrogen Generation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Hydrogen Generation Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Hydrogen Generation Industry?
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Reasons to Purchase Hydrogen Generation Market Report
- Hydrogen Generation Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Hydrogen Generation Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Hydrogen Generation Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Hydrogen Generation Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Hydrogen Generation market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Hydrogen Generation market analysis.
- The competitive environment of current and potential participants in the Hydrogen Generation market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Hydrogen Generation market should find this report useful. The research will be useful to all market participants in the Hydrogen Generation industry.
- Managers in the Hydrogen Generation sector are interested in publishing up-to-date and projected data about the worldwide Hydrogen Generation market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Hydrogen Generation products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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