Hydrogen Generation Market

Hydrogen Generation Market by Technology (SMR, ATR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode Region - Global Forecast to 2028

Report Code: EP 2781 Oct, 2023, by marketsandmarkets.com

Hydrogen Generation Market Size, Share, Growth Report & Forecast

[293 Pages Report] The global hydrogen generation market size was valued at $158.8 billion in 2023 and to reach $257.9 billion in 2028, growing at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2028.

The shifts towards more sustainable and low carbon energy solutions owing to the need to mitigate greenhouse gas emissions is one of the major drivers for the growth of the hydrogen generation market. Hydrogen is being used as a fuel to power fuel cell electric vehicles (FCEVs). The demand for clean hydrogen to power these vehicles increases as the need for sustainable transportation develops across various countries.

Hydrogen Generation Market

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Hydrogen Generation Market

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Hydrogen Generation Market Growth Dynamics

Driver: Enforcement of stringent regulations to curb greenhouse gas emissions

Greenhouse gases can absorb infrared radiation (net heat energy) from the earth’s surface, reradiate it to the surface, and contribute to the net effect. Global GHG emissions continue to rise, mostly as a result of the rapid industrialization and the reliance on fossil fuels. In response to this issue, the US Environmental Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have established the Safer Affordable Fuel-Efficient (SAFE) Vehicles Rule. This rule sets lower criteria for GHG emissions and Corporate Average Fuel Economy (CAFE) for vehicles produced between 2021–2026 in the US. The new standards will tighten CAFE and carbon dioxide (CO2) emissions criteria until 2026, when it is predicted that the combined standards for cars and trucks will be 202 g/mile and 40.4 mpg of CO2, respectively. Recent reports revealed that CO2 emissions have increased in most areas worldwide, with annual changes ranging from just under 1% in Japan to over 10% in Brazil and India. The US and European Union (EU) saw an increase of about 7%, while China’s emissions increased by 5%. In the US, electricity and heat production contributed significantly to the spike in CO2 emissions in 2021, rising by over 900 million tons (Mt).

Restraint: Poor refueling infrastructure of hydrogen vehicles and presence of alternatives

The cost of building and operating a hydrogen generations plant or biorefinery is significant, making it difficult for hydrogen generations to compete with fossil fuels. The investment includes costs related to the installation of biorefineries, procurement, testing, maintenance, and cost of feedstock. Hydrogen generation is a capital-intensive undertaking involving state-of-the-art technologies without prior experience or sufficient historical data. Energy-intensive processes require specialized energy production systems to co-generate heat or electricity. These are only a few factors that make investing in hydrogen generations expensive and undesirable. The global inflation rate has been high, in part due to rising food and energy prices. This year, inflation is expected to be 6.6% in advanced economies and 9.5% in emerging markets and developing economies, and it is expected to stay higher for a longer period. Many economies have seen an increase in inflation as a result of supply chain disruptions, which have increased costs.

Opportunities: Surging investments in low-emission fuels

Hydrogen, and hydrogen-derived fuels are low-emission options that are crucial for reducing carbon emissions in industries that have difficulties with direct electrification, such as heavy industry and long-distance transport. Currently, these fuels only account for about 1% of global final energy consumption in 2021. Hydrogen is a particularly clean transportation fuel, producing less CO2 compared with other fossil fuels. There has been an increase in hydrogen production driven by tight environmental regulations and strict engine manufacturer specifications.

For instance, India implemented a Green Hydrogen Policy to produce five million tonnes per annum (MTPA) of green hydrogen by 2030. At the same time, the Chinese government has also unveiled a long-term plan for hydrogen generation that spans the years 2021–2035. According to the recent government plan, China will produce 100,000 to 200,000 tonnes of renewable-based hydrogen per year by 2025 and will have a fleet of 50,000 hydrogen-powered vehicles. The demand for cleaner fuels is expected to increase significantly in the future due to a 10% growth in automotive sales in Asia Pacific, the development of premium quality cars, and a rise in consumer fuel spending patterns

Challenges: Underdeveloped hydrogen infrastructure and high-cost production techniques

The lack of an existing clean hydrogen value chain is one of the major obstacles to overcome for developing a low-carbon hydrogen economy. Hydrogen value chains are mainly dominated by fossil fuels, with only a few pilot projects on low-carbon hydrogen. A global clean hydrogen market would require creating completely new value chains. Specifically, the major challenge lies in the choice of which pathway to take since hydrogen can follow different paths in the supply, handling, and demand chains. Currently, fuel cell vehicles cannot be used autonomously due to the lack of hydrogen infrastructure. To accelerate the commercialization of hydrogen and fuel cell technology, challenges associated with the transportation and storage of hydrogen gas need to be addressed. In addition, expensive on-site hydrogen production techniques are being used to feed fuel cells.

Hydrogen generation Market Ecosystem

In this market, prominent companies stand out as well-established and financially stable providers of hydrogen generation products and services. With years of experience, these companies boast a diverse product portfolio, cutting-edge technologies, and robust global sales and marketing networks. Their proven track record in the industry positions them as reliable and trusted partners for customers seeking hydrogen generation solutions. These companies have demonstrated their ability to adapt to market dynamics and consistently deliver high-quality products and services, making them leaders in meeting the demands of the oil and gas sector. Prominent companies in this market include Air Liquide (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (US), Shell plc (UK), and Saudi Arabian Oil Co. (Saudi Arabia).

Hydrogen Generation Market

The electrolysis segment, by technology, is expected to be the fastest growing market during the forecast period.

This report segments the hydrogen generation market based on technology into five types: steam methane reforming (SMR), partial oxidation (POX), coal gasification, auto thermal reforming (ATR), and electrolysis. The electrolysis segment is expected to be the fastest-growing market during the forecast period. The growing investment in the production of green hydrogen is one of the key factors driving the electrolysis segment. Governments and international organizations are implementing regulations and targets to reduce carbon emissions. Other than hydrogen and oxygen, electrolysis does not emit or produce any by-products. Cost reduction and increased energy efficiency in hydrogen generation are achieved through electrolysis and heat recovery.

By application, ammonia production is expected to be the second largest segment during the forecast period.

This report segments the hydrogen generation market based on application into six segments: petroleum refinery, ammonia production, methanol production, transportation, power generation and others. Ammonia production application is expected to be the second largest segment during the forecasted period. Ammonia’s potential as a carbon-free fuel, hydrogen carrier, and energy store represents an opportunity for renewable hydrogen technologies to be deployed at an even greater scale. Ammonia is essential to most modern nitrogen-based fertilizers. Hydrogen is typically produced on-site at ammonia plants from a fossil fuel feedstock. The demand for carbon-free hydrogen for nitrogen-based fertilizers increases ammonia production thus accelerating the growth of the segment in hydrogen generation market.

North America: The second largest in the hydrogen generation market.

North America is expected to be the largest region in the hydrogen generation market between 2023–2028, followed by Europe and Asia Pacific. North America has been leading the hydrogen generation market. The regional hydrogen generation market is experiencing growth due to the presence of leading solution providers like Air Liquide (France) and Air Products and Chemicals, Inc. (US). North America produces blue hydrogen on a large scale. The transportation industry in the region is working to tap green and blue hydrogen. The oil refining and chemical industries and transportation and electricity sectors are experiencing significant demand for hydrogen.

Hydrogen Generation Market Size, and Share

Key Market Players

The hydrogen generation market is dominated by a few major players that have a wide regional presence. The major players in the hydrogen generation market include Air Liquide (France), Linde plc (Ireland), Air Products and Chemicals, Inc. (US), Shell plc (UK), and Saudi Arabian Oil Co. (Saudi Arabia). Between 2018 and 2023, Strategies such as new product launches, contracts, agreements, acquisitions, and expansions are followed by these companies to capture a larger share of the hydrogen generation market.

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Scope of the Report

Report Metric

Details

Market size available for years

2018–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD Million/Billion)

Segments Covered

Hydrogen Generation Market by Source, Technology, Generation and Delivery mode, Application,  and Region.

Geographies covered

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

Companies covered

Linde plc (Ireland), ENGIE (France), Air Products and Chemicals, Inc. (US), Saudi Arabian Oil Co. (Saudi Arabia), Iwatani Corporation (Japan), Air Liquide (France), Orsted A/S (Germany), Equinor ASA (Norway), Shell plc (UK), Chevron Corporation (US), Exxon Mobil Corporation (US), BP p.l.c. (UK), Petroliam Nasional Berhad (PETRONAS) (Malayasia), Siemens (Germany), Hiringa Energy Limited (New Zealand), Messer Group (Germany), Uniper SE (Germany), Iberdrola, S.A. (Spain), BayoTech (US), HyGear (the Netherlands)

This research report categorizes the hydrogen generation market based on source, technology, generation and delivery mode, application and region.

On the basis of source:
  • Blue hydrogen
  • Gray Hydrogen
  • Green Hydrogen
On the basis of technology:
  • Steam Methane Reforming (SMR)
  • Partial Oxidation  (POX)
  • Auto Thermal Reforming (ATR)
  • Coal Gasification
  • Electrolysis
On the basis of application:
  • Petroleum Refinery
  • Transportation
  • Ammonia Production
  • Methanol Production
  • Power Generation
  • Others
On the basis of generation and delivery mode:
  • Captive
  • Merchant
On the basis of region:
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East
  • Africa

Recent Developments

  • In April 2023, Linde plc signed a long-term agreement to provide Evonik, a prominent specialty chemicals company, with green hydrogen.
  • In September 2023, Air Liquide announced plans to invest 433 million dollars to build its Normand’Hy electrolyzer with a capacity of 200 MW to decarbonize the Normandy industrial basin and mobility.
  • In July 2023, Air Products and Chemicals, Inc. signed an agreement with Edmonton International Airport as the hydrogen and technology provider for Alberta’s first hydrogen fuel cell passenger vehicle fleet.
  • In November 2022, Air Liquide invested 140.15 million dollars to construct and operate a unit producing hydrogen at the Grandpuits site with an annual capacity of more than 20,000 tonnes.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
           1.3.1 HYDROGEN GENERATION MARKET, BY SOURCE: INCLUSIONS AND EXCLUSIONS
           1.3.2 MARKET, BY TECHNOLOGY: INCLUSIONS AND EXCLUSIONS
           1.3.3 MARKET, BY GENERATION AND DELIVERY MODE: INCLUSIONS AND EXCLUSIONS
           1.3.4 MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
           1.3.5 MARKET, BY REGION: INCLUSIONS AND EXCLUSIONS
    1.4 STUDY SCOPE 
           FIGURE 1 HYDROGEN GENERATION MARKET SEGMENTATION
           1.4.1 REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
           1.4.3 CURRENCY CONSIDERED
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
    1.8 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 HYDROGEN GENERATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                               FIGURE 3 MARKET: BREAKDOWN OF PRIMARIES
    2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 4 MARKET: DATA TRIANGULATION METHODOLOGY
    2.3 MARKET SIZE ESTIMATION METHODOLOGY 
           2.3.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET: TOP-DOWN APPROACH
           2.3.3 DEMAND-SIDE ANALYSIS
                    FIGURE 7 MARKET: DEMAND-SIDE ANALYSIS
                    2.3.3.1 Demand-side metrics
                               FIGURE 8 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN GENERATION SOLUTIONS
                    2.3.3.2 Demand-side assumptions
                    2.3.3.3 Demand-side calculations
           2.3.4 SUPPLY-SIDE ANALYSIS
                    FIGURE 9 KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF HYDROGEN GENERATION SOLUTIONS
                    FIGURE 10 MARKET: SUPPLY-SIDE ANALYSIS
                    2.3.4.1 Supply-side assumptions
                               FIGURE 11 MARKET: MARKET SHARE ANALYSIS, 2022
    2.4 FORECAST 
    2.5 RECESSION IMPACT 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    TABLE 1 HYDROGEN GENERATION MARKET SNAPSHOT 
    FIGURE 12 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2022 
    FIGURE 13 PETROLEUM REFINERY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD 
    FIGURE 14 GREY HYDROGEN SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2028 
    FIGURE 15 STEAM METHANE REFORMING (SMR) SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2023 
    FIGURE 16 MERCHANT SEGMENT TO EXHIBIT HIGHER CAGR BETWEEN 2023 AND 2028 
 
4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN GENERATION MARKET 
           FIGURE 17 RISING FOCUS ON CURBING GREENHOUSE GAS EMISSIONS FROM HYDROGEN PRODUCTION PROCESSES TO CONTRIBUTE TO MARKET GROWTH
    4.2 MARKET, BY REGION 
           FIGURE 18 ASIA PACIFIC HYDROGEN GENERATION MARKET TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
    4.3 ASIA PACIFIC MARKET, BY GENERATION AND DELIVERY MODE AND COUNTRY 
           FIGURE 19 CAPTIVE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2022
    4.4 MARKET, BY TECHNOLOGY 
           FIGURE 20 STEAM METHANE REFORMING (SMR) SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
    4.5 MARKET, BY SOURCE 
           FIGURE 21 GREY HYDROGEN SEGMENT HELD LARGEST SHARE OF MARKET IN 2022
    4.6 MARKET, BY GENERATION AND DELIVERY MODE 
           FIGURE 22 CAPTIVE SEGMENT ACCOUNTED FOR LARGER SHARE OF MARKET IN 2022
    4.7 MARKET, BY APPLICATION 
           FIGURE 23 PETROLEUM REFINERY SEGMENT HELD LARGEST MARKET SHARE IN 2022
 
5 MARKET OVERVIEW (Page No. - 54)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 24 HYDROGEN GENERATION MARKET: MARKET DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Enforcement of stringent regulations to curb greenhouse gas emissions
                               FIGURE 25 GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2022
                    5.2.1.2 Government initiatives to increase green hydrogen generation
                    5.2.1.3 Use of hydrogen to power fuel-cell electric vehicles and rockets
                               FIGURE 26 FUEL-CELL ELECTRIC VEHICLE STOCK, BY REGION, 2019–2022
           5.2.2 RESTRAINTS
                    5.2.2.1 Energy loss during hydrogen production
                    5.2.2.2 Poor hydrogen refueling infrastructure and presence of alternatives
                    5.2.2.3 Lack of renewable energy sources for hydrogen generation
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing government spending on hydrogen implementation projects
                               TABLE 2 POLICIES IMPLEMENTED BY MAJOR ECONOMIES TO BOOST HYDROGEN ADOPTION
                    5.2.3.2 Rising emphasis on achieving net-zero carbon emission targets
                               FIGURE 27 CUMULATIVE EMISSION REDUCTION, BY MITIGATION MEASURE, 2021–2050
                    5.2.3.3 Surging investments in low-emission fuels
           5.2.4 CHALLENGES
                    5.2.4.1 Underdeveloped hydrogen infrastructure and high-cost production techniques
                    5.2.4.2 Technological challenges in implementing hydrogen into natural gas networks
                    5.2.4.3 High costs associated with blue hydrogen production
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 28 MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.4 PRICING ANALYSIS 
           5.4.1 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY
                    TABLE 3 INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY
                    TABLE 4 INDICATIVE PRICING ANALYSIS, BY ELECTROLYSIS
           5.4.2 INDICATIVE PRICING ANALYSIS, BY SOURCE
                    TABLE 5 INDICATIVE PRICING ANALYSIS, BY SOURCE
    5.5 SUPPLY CHAIN ANALYSIS 
           FIGURE 29 MARKET: SUPPLY CHAIN ANALYSIS
           TABLE 6 MARKET: COMPANIES AND THEIR ROLES IN HYDROGEN GENERATION ECOSYSTEM
    5.6 ECOSYSTEM/MARKET MAP 
           FIGURE 30 MARKET: ECOSYSTEM/MARKET MAP
    5.7 TRADE ANALYSIS 
           5.7.1 EXPORT SCENARIO
                    TABLE 7 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 31 EXPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
           5.7.2 IMPORT SCENARIO
                    TABLE 8 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
                    FIGURE 32 IMPORT DATA FOR HS CODE: 280410, BY COUNTRY, 2020–2022 (USD THOUSAND)
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 STEAM METHANE REFORMING
           5.8.2 PARTIAL OXIDATION
           5.8.3 COAL GASIFICATION
           5.8.4 ELECTROLYSIS
    5.9 CASE STUDY ANALYSIS 
           5.9.1 ASAHI KASEI CORPORATION ADOPTS SAP LEONARDO’S TECHNOLOGY PLATFORM TO MEET GREEN HYDROGEN PRODUCTION REQUIREMENTS
                    5.9.1.1 Problem statement
                    5.9.1.2 Solution
           5.9.2 NATIONAL RENEWABLE ENERGY LABORATORY AND ELECTRIC HYDROGEN PARTNER TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS
                    5.9.2.1 Problem statement
                    5.9.2.2 Solution
           5.9.3 RWE TESTS SUNFIRE’S ELECTROLYSIS TECHNOLOGIES TO GENERATE GREEN HYDROGEN
                    5.9.3.1 Problem statement
                    5.9.3.2 Solution
    5.10 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 9 MARKET: LIST OF CONFERENCES AND EVENTS, 2023–2024
    5.11 PATENT ANALYSIS 
                    FIGURE 33 NUMBER OF PATENTS GRANTED IN MARKET, 2013–2023
           5.11.1 LIST OF MAJOR PATENTS
                    TABLE 10 MARKET: MAJOR PATENTS RELATED TO HYDROGEN GENERATION SYSTEMS
    5.12 TARIFFS AND REGULATORY LANDSCAPE 
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 REGULATIONS
                    TABLE 14 MARKET: REGULATIONS
    5.13 PORTER’S FIVE FORCES ANALYSIS 
                    FIGURE 34 MARKET: PORTER’S FIVE FORCES ANALYSIS
                    TABLE 15 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 THREAT OF NEW ENTRANTS
           5.13.2 BARGAINING POWER OF SUPPLIERS
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 THREAT OF SUBSTITUTES
           5.13.5 INTENSITY OF COMPETITIVE RIVALRY
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 35 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
                    TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 36 MARKET: KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
                    TABLE 17 MARKET: KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
 
6 HYDROGEN GENERATION MARKET, BY SOURCE (Page No. - 83)
    6.1 INTRODUCTION 
           FIGURE 37 GREY HYDROGEN SEGMENT HELD LARGEST MARKET SHARE IN 2022
           TABLE 18 MARKET, BY SOURCE, 2018–2022 (THOUSAND METRIC TONS)
           TABLE 19 MARKET, BY SOURCE, 2023–2028 (THOUSAND METRIC TONS)
           TABLE 20 MARKET, BY SOURCE, 2018–2022 (USD MILLION)
           TABLE 21 MARKET, BY SOURCE, 2023–2028 (USD MILLION)
    6.2 BLUE HYDROGEN 
           6.2.1 SHIFTING PREFERENCE TOWARD CLEAN ENERGY SOURCES TO CONTRIBUTE TO SEGMENTAL GROWTH
    6.3 GREY HYDROGEN 
           6.3.1 LOW COST OF GREY HYDROGEN PRODUCTION TECHNIQUES TO ACCELERATE MARKET GROWTH
    6.4 GREEN HYDROGEN 
           6.4.1 RISING DEPLOYMENT OF RENEWABLE ENERGY GENERATION TECHNOLOGIES TO DRIVE MARKET
 
7 HYDROGEN GENERATION MARKET, BY APPLICATION (Page No. - 87)
    7.1 INTRODUCTION 
           FIGURE 38 MARKET, BY APPLICATION, 2022
           TABLE 22 MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
           TABLE 23 MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
           TABLE 24 MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
           TABLE 25 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    7.2 PETROLEUM REFINERY 
           7.2.1 INCREASING USE OF HYDROGEN IN REFINERIES TO REDUCE SULFUR CONTENT IN DIESEL FUELS TO BOOST SEGMENTAL GROWTH
                    TABLE 26 PETROLEUM REFINERY: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 27 PETROLEUM REFINERY: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 28 PETROLEUM REFINERY: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 29 PETROLEUM REFINERY: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 AMMONIA PRODUCTION 
           7.3.1 RISING NEED FOR AMMONIA IN NITROGEN-BASED FERTILIZERS TO PROPEL MARKET
                    TABLE 30 AMMONIA PRODUCTION: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 31 AMMONIA PRODUCTION: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 32 AMMONIA PRODUCTION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 33 AMMONIA PRODUCTION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 METHANOL PRODUCTION 
           7.4.1 SURGING NEED FOR TRANSPORTATION FUELS AND ELECTRICITY GENERATION TO ACCELERATE SEGMENTAL GROWTH
                    TABLE 34 METHANOL PRODUCTION: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 35 METHANOL PRODUCTION: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 36 METHANOL PRODUCTION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 37 METHANOL PRODUCTION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.5 TRANSPORTATION 
           7.5.1 INCREASING SALES OF FUEL-CELL ELECTRIC VEHICLES TO SUPPORT MARKET GROWTH
                    TABLE 38 TRANSPORTATION: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 39 TRANSPORTATION: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 40 TRANSPORTATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 41 TRANSPORTATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.6 POWER GENERATION 
           7.6.1 INCREASING RELIANCE ON BACKUP POWER SOURCES TO CONTRIBUTE TO SEGMENTAL GROWTH
                    TABLE 42 POWER GENERATION: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 43 POWER GENERATION: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 44 POWER GENERATION: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 45 POWER GENERATION: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.7 OTHERS 
           TABLE 46 OTHERS: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
           TABLE 47 OTHERS: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
           TABLE 48 OTHERS: MARKET, BY REGION, 2018–2022 (USD MILLION)
           TABLE 49 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 HYDROGEN GENERATION MARKET, BY TECHNOLOGY (Page No. - 102)
    8.1 INTRODUCTION 
           FIGURE 39 STEAM METHANE REFORMING (SMR) SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
           TABLE 50 MARKET, BY TECHNOLOGY, 2018–2022 (THOUSAND METRIC TONS)
           TABLE 51 MARKET, BY TECHNOLOGY, 2023–2028 (THOUSAND METRIC TONS)
           TABLE 52 MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
           TABLE 53 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           TABLE 54 MARKET: TECHNOLOGY COMPARISON
    8.2 STEAM METHANE REFORMING (SMR) 
           8.2.1 DEPLOYMENT OF STEAM METHANE REFORMING (SMR) TECHNOLOGY AS COST-EFFECTIVE METHOD OF HYDROGEN PRODUCTION TO DRIVE MARKET
    8.3 PARTIAL OXIDATION (POX) 
           8.3.1 RELIANCE ON PARTIAL OXIDATION (POX) PROCESS TO PRODUCE HYDROGEN FOR FUEL CELL APPLICATIONS TO BOOST SEGMENTAL GROWTH
    8.4 AUTO THERMAL REFORMING (ATR) 
           8.4.1 ADOPTION OF AUTO THERMAL REFORMING (ATR) TECHNIQUE TO PRODUCE ADVANCED BIOFUELS TO CONTRIBUTE TO MARKET GROWTH
    8.5 COAL GASIFICATION 
           8.5.1 IMPLEMENTATION OF COAL GASIFICATION TECHNOLOGY TO GENERATE ELECTRICITY TO FUEL SEGMENTAL GROWTH
    8.6 ELECTROLYSIS 
           8.6.1 GROWING RELIANCE ON ELECTROLYSIS TO INCREASE ENERGY EFFICIENCY OF HYDROGEN GENERATION PROCESS TO DRIVE MARKET
                    TABLE 55 MARKET: ELECTROLYSIS TECHNOLOGY COMPARISON
                    8.6.1.1 Alkaline electrolysis
                    8.6.1.2 Proton exchange membrane
                    8.6.1.3 Solid oxide electrolysis
                    8.6.1.4 Anion exchange membrane
 
9 HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY MODE (Page No. - 114)
    9.1 INTRODUCTION 
           FIGURE 40 CAPTIVE SEGMENT HELD LARGER SHARE OF MARKET IN 2022
           TABLE 56 MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
           TABLE 57 MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
           TABLE 58 MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
           TABLE 59 MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
    9.2 CAPTIVE 
           9.2.1 ADOPTION OF CAPTIVE HYDROGEN GENERATION MODE FOR TRANSPORTATION AND POWER GENERATION APPLICATIONS TO PROPEL MARKET
                    TABLE 60 CAPTIVE: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 61 CAPTIVE: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 62 CAPTIVE: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 63 CAPTIVE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.3 MERCHANT 
           9.3.1 PRODUCTION OF MERCHANT HYDROGEN USING SMALL-SCALE REFORMERS TO ACCELERATE SEGMENTAL GROWTH
                    TABLE 64 MERCHANT: MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                    TABLE 65 MERCHANT: MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                    TABLE 66 MERCHANT: MARKET, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 67 MERCHANT: MARKET, BY REGION, 2023–2028 (USD MILLION)
                    9.3.1.1 Delivery mode
                               9.3.1.1.1 Surging demand for hydrogen in fueling stations to boost segmental growth
                                            TABLE 68 MERCHANT: MARKET, BY DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                                            TABLE 69 MERCHANT: MARKET, BY DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                                            TABLE 70 MERCHANT: MARKET, BY DELIVERY MODE, 2018–2022 (USD MILLION)
                                            TABLE 71 MERCHANT: MARKET, BY DELIVERY MODE, 2023–2028 (USD MILLION)
                                             9.3.1.1.1.1 Liquid on-site plant & pipeline
                                             9.3.1.1.1.2 Bulk & cylinder (gaseous form)
                                             9.3.1.1.1.3 Bulk (liquid form)
                                             9.3.1.1.1.4 Small on-site
                    9.3.1.2 State
                               9.3.1.2.1 Gas
                                             9.3.1.2.1.1 Increasing demand for gaseous hydrogen in transportation sector and petroleum refineries to drive market
                                                            TABLE 72 MERCHANT: MARKET, BY STATE, 2018–2022 (THOUSAND METRIC TONS)
                                                            TABLE 73 MERCHANT: MARKET, BY STATE, 2023–2028 (THOUSAND METRIC TONS)
                                                            TABLE 74 MERCHANT: MARKET FOR GAS, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                                                            TABLE 75 MERCHANT: MARKET FOR GAS, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
                               9.3.1.2.2 Liquid
                                             9.3.1.2.2.1 Rising adoption of liquid hydrogen for transportation and space propulsion applications to accelerate market growth
                                                            TABLE 76 MERCHANT: MARKET FOR LIQUID, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
                                                            TABLE 77 MERCHANT: MARKET FOR LIQUID, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
 
10 HYDROGEN GENERATION MARKET, BY REGION (Page No. - 125)
     10.1 INTRODUCTION 
               FIGURE 41 ASIA PACIFIC HYDROGEN GENERATION MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
               FIGURE 42 MARKET SHARE, BY REGION, 2022
               TABLE 78 MARKET, BY REGION, 2018–2022 (THOUSAND METRIC TONS)
               TABLE 79 MARKET, BY REGION, 2023–2028 (THOUSAND METRIC TONS)
               TABLE 80 MARKET, BY REGION, 2018–2022 (USD MILLION)
               TABLE 81 MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
               FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT
             10.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
                       TABLE 82 NORTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 83 NORTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 84 NORTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 85 NORTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 86 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 87 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 88 NORTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 89 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 90 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 91 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 92 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 93 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.2.1.1 US
                                   10.2.1.1.1 Use of hydrogen for food processing and ammonia production to drive market
                                                 TABLE 94 US: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 95 US: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 96 US: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 97 US: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.2.1.2 Canada
                                   10.2.1.2.1 Reliance on renewable energy sources to contribute to market growth
                                                 TABLE 98 CANADA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 99 CANADA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 100 CANADA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 101 CANADA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.2.1.3 Mexico
                                   10.2.1.3.1 Increase in oil refining activities to foster market growth
                                                 TABLE 102 MEXICO: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 103 MEXICO: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 104 MEXICO: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 105 MEXICO: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.3 ASIA PACIFIC 
               FIGURE 44 ASIA PACIFIC: MARKET SNAPSHOT
             10.3.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
                       TABLE 106 ASIA PACIFIC: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 107 ASIA PACIFIC: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 108 ASIA PACIFIC: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 109 ASIA PACIFIC: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 110 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 111 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 112 ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 113 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 115 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 116 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 117 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.3.1.1 Japan
                                   10.3.1.1.1 Rising adoption of hydrogen for large-scale electricity generation to accelerate market growth
                                                 TABLE 118 JAPAN: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 119 JAPAN: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 120 JAPAN: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 121 JAPAN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.3.1.2 China
                                   10.3.1.2.1 Mounting ammonia production to increase agricultural output to fuel market growth
                                                 TABLE 122 CHINA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 123 CHINA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 124 CHINA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 125 CHINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.3.1.3 India
                                   10.3.1.3.1 Shifting focus on expanding oil refining infrastructure to contribute to market growth
                                                 TABLE 126 INDIA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 127 INDIA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 128 INDIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 129 INDIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.3.1.4 Australia
                                   10.3.1.4.1 Surging export of coal and liquified natural gas to accelerate market growth
                                                 TABLE 130 AUSTRALIA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 131 AUSTRALIA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 132 AUSTRALIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 133 AUSTRALIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.3.1.5 South Korea
                                   10.3.1.5.1 Increasing enforcement of regulations aimed at decarbonizing energy sector to drive market
                                                 TABLE 134 SOUTH KOREA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 135 SOUTH KOREA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 136 SOUTH KOREA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 137 SOUTH KOREA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.3.1.6 Rest of Asia Pacific
                                   TABLE 138 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 139 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 140 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 141 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.4 EUROPE 
             10.4.1 RECESSION IMPACT ON MARKET IN EUROPE
                       TABLE 142 EUROPE: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 143 EUROPE: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 144 EUROPE: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 145 EUROPE: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 146 EUROPE: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 147 EUROPE: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 148 EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 149 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 150 EUROPE: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 151 EUROPE: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 152 EUROPE: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 153 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.4.1.1 Germany
                                   10.4.1.1.1 Rising focus on mass production of fuel cell electric vehicles to propel market
                                                 TABLE 154 GERMANY: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 155 GERMANY: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 156 GERMANY: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 157 GERMANY: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.4.1.2 UK
                                   10.4.1.2.1 Increasing focus on decarbonizing grid operations to create demand for hydrogen
                                                 TABLE 158 UK: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 159 UK: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 160 UK: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 161 UK: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.4.1.3 France
                                   10.4.1.3.1 Rising investments in renewable energy generation systems to drive market
                                                 TABLE 162 FRANCE: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 163 FRANCE: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 164 FRANCE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 165 FRANCE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.4.1.4 Russia
                                   10.4.1.4.1 Mounting export of oil and natural gas to contribute to market growth
                                                 TABLE 166 RUSSIA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 167 RUSSIA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 168 RUSSIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 169 RUSSIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.4.1.5 Rest of Europe
                                   TABLE 170 REST OF EUROPE: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 171 REST OF EUROPE: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 172 REST OF EUROPE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 173 REST OF EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.5 SOUTH AMERICA 
             10.5.1 RECESSION IMPACT ON MARKET IN SOUTH AMERICA
                       TABLE 174 SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 175 SOUTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 176 SOUTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 177 SOUTH AMERICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 178 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 179 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 180 SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 181 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 182 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 183 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 184 SOUTH AMERICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 185 SOUTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.5.1.1 Brazil
                                   10.5.1.1.1 Growing usage of hydrogen for transportation, fertilization, and electricity production applications to drive market
                                                 TABLE 186 BRAZIL: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 187 BRAZIL: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 188 BRAZIL: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 189 BRAZIL: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.5.1.2 Argentina
                                   10.5.1.2.1 Increasing construction of renewable energy-powered hydrogen production facilities to fuel market growth
                                                 TABLE 190 ARGENTINA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 191 ARGENTINA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 192 ARGENTINA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 193 ARGENTINA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.5.1.3 Rest of South America
                                   TABLE 194 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 195 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 196 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 197 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.6 MIDDLE EAST 
             10.6.1 RECESSION IMPACT ON MARKET IN MIDDLE EAST
                       TABLE 198 MIDDLE EAST: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 199 MIDDLE EAST: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 200 MIDDLE EAST: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 201 MIDDLE EAST: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 202 MIDDLE EAST: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 203 MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 204 MIDDLE EAST: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 205 MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 206 MIDDLE EAST: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 207 MIDDLE EAST: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 208 MIDDLE EAST: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 209 MIDDLE EAST: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.6.1.1 Saudi Arabia
                                   10.6.1.1.1 Implementation of hydrogen fuel cell projects for transportation applications to accelerate market growth
                                                 TABLE 210 SAUDI ARABIA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 211 SAUDI ARABIA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 212 SAUDI ARABIA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 213 SAUDI ARABIA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.6.1.2 Qatar
                                   10.6.1.2.1 Influx of investments for scaling up ammonia and methanol production to fuel market growth
                                                 TABLE 214 QATAR: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 215 QATAR: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 216 QATAR: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 217 QATAR: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.6.1.3 Iran
                                   10.6.1.3.1 High demand for refined petroleum products to contribute to market growth
                                                 TABLE 218 IRAN: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 219 IRAN: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 220 IRAN: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 221 IRAN: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.6.1.4 UAE
                                   10.6.1.4.1 Adoption of hydrogen fuel for low-carbon power generation to drive market
                                                 TABLE 222 UAE: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                                 TABLE 223 UAE: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                                 TABLE 224 UAE: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                                 TABLE 225 UAE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.6.1.5 Rest of Middle East
                                   TABLE 226 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 227 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 228 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 229 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
     10.7 AFRICA 
             10.7.1 RECESSION IMPACT ON MARKET IN AFRICA
                       TABLE 230 AFRICA: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 231 AFRICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 232 AFRICA: MARKET, BY GENERATION AND DELIVERY MODE, 2018–2022 (USD MILLION)
                       TABLE 233 AFRICA: MARKET, BY GENERATION AND DELIVERY MODE, 2023–2028 (USD MILLION)
                       TABLE 234 AFRICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 235 AFRICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 236 AFRICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                       TABLE 237 AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       TABLE 238 AFRICA: MARKET, BY COUNTRY, 2018–2022 (THOUSAND METRIC TONS)
                       TABLE 239 AFRICA: MARKET, BY COUNTRY, 2023–2028 (THOUSAND METRIC TONS)
                       TABLE 240 AFRICA: MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
                       TABLE 241 AFRICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                       10.7.1.1 South Africa
                                   10.7.1.1.1 Growing preference for alternative sources powered by hydrogen over carbon-intensive diesel generators to boost market growth
                                   TABLE 242 SOUTH AFRICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 243 SOUTH AFRICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 244 SOUTH AFRICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 245 SOUTH AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                       10.7.1.2 Rest of Africa
                                   TABLE 246 REST OF AFRICA: MARKET, BY APPLICATION, 2018–2022 (THOUSAND METRIC TONS)
                                   TABLE 247 REST OF AFRICA: MARKET, BY APPLICATION, 2023–2028 (THOUSAND METRIC TONS)
                                   TABLE 248 REST OF AFRICA: MARKET, BY APPLICATION, 2018–2022 (USD MILLION)
                                   TABLE 249 REST OF AFRICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
 
11 COMPETITIVE LANDSCAPE (Page No. - 202)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 
               FIGURE 45 HYDROGEN GENERATION MARKET: STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023
     11.3 MARKET SHARE ANALYSIS, 2022 
               TABLE 250 HYDROGEN GENERATION MARKET: DEGREE OF COMPETITION
               FIGURE 46 INDUSTRY CONCENTRATION, 2022
     11.4 MARKET EVALUATION FRAMEWORK, 2019–2023 
               TABLE 251 MARKET EVALUATION FRAMEWORK, 2019–2023
     11.5 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2018–2022 
               FIGURE 47 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2018–2022
     11.6 COMPANY EVALUATION MATRIX, 2022 
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                       FIGURE 48 HYDROGEN GENERATION MARKET: COMPANY EVALUATION MATRIX, 2022
             11.6.5 COMPANY FOOTPRINT
                       TABLE 252 COMPANY TECHNOLOGY FOOTPRINT
                       TABLE 253 COMPANY SOURCE FOOTPRINT
                       TABLE 254 COMPANY APPLICATION FOOTPRINT
                       TABLE 255 COMPANY GENERATION AND DELIVERY MODE FOOTPRINT
                       TABLE 256 COMPANY REGIONAL FOOTPRINT
                       TABLE 257 COMPANY OVERALL FOOTPRINT
     11.7 START-UP/SME EVALUATION MATRIX, 2022 
             11.7.1 PROGRESSIVE COMPANIES
             11.7.2 RESPONSIVE COMPANIES
             11.7.3 DYNAMIC COMPANIES
             11.7.4 STARTING BLOCKS
                       FIGURE 49 HYDROGEN GENERATION MARKET: START-UP/SME EVALUATION MATRIX, 2022
             11.7.5 COMPETITIVE BENCHMARKING
                       TABLE 258 MARKET: LIST OF KEY START-UPS/SMES
                       TABLE 259 MARKET: COMPANY TECHNOLOGY FOOTPRINT
                       TABLE 260 MARKET: COMPANY SOURCE FOOTPRINT
                       TABLE 261 MARKET: COMPANY GENERATION AND DELIVERY MODE FOOTPRINT
                       TABLE 262 MARKET: COMPANY APPLICATION FOOTPRINT
                       TABLE 263 MARKET: COMPANY REGIONAL FOOTPRINT
     11.8 COMPETITIVE SCENARIOS AND TRENDS 
             11.8.1 DEALS
                       TABLE 264 MARKET: DEALS, 2019–2023
             11.8.2 OTHERS
                       TABLE 265 MARKET: OTHERS, 2019–2023
 
12 COMPANY PROFILES (Page No. - 224)
     12.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
             12.1.1 LINDE PLC
                       TABLE 266 LINDE PLC: COMPANY OVERVIEW
                       FIGURE 50 LINDE PLC: COMPANY SNAPSHOT
                       TABLE 267 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 268 LINDE PLC: DEALS
                       TABLE 269 LINDE PLC: OTHERS
             12.1.2 AIR LIQUIDE
                       TABLE 270 AIR LIQUIDE: COMPANY OVERVIEW
                       FIGURE 51 AIR LIQUIDE: COMPANY SNAPSHOT
                       TABLE 271 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 272 AIR LIQUIDE: DEALS
                       TABLE 273 AIR LIQUIDE: OTHERS
             12.1.3 SAUDI ARABIAN OIL CO.
                       TABLE 274 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW
                       FIGURE 52 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT
                       TABLE 275 SAUDI ARABIAN OIL CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 276 SAUDI ARABIAN OIL CO.: DEALS
                       TABLE 277 SAUDI ARABIAN OIL CO.: OTHERS
             12.1.4 AIR PRODUCTS AND CHEMICALS, INC.
                       TABLE 278 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW
                       FIGURE 53 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
                       TABLE 279 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 280 AIR PRODUCTS AND CHEMICALS, INC.: DEALS
                       TABLE 281 AIR PRODUCTS AND CHEMICALS, INC.: OTHERS
             12.1.5 SHELL PLC
                       TABLE 282 SHELL PLC: COMPANY OVERVIEW
                       FIGURE 54 SHELL PLC: COMPANY SNAPSHOT
                       TABLE 283 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 284 SHELL PLC: DEALS
                       TABLE 285 SHELL PLC: OTHERS
             12.1.6 ENGIE
                       TABLE 286 ENGIE: COMPANY OVERVIEW
                       FIGURE 55 ENGIE: COMPANY SNAPSHOT
                       TABLE 287 ENGIE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 288 ENGIE: DEALS
             12.1.7 CHEVRON CORPORATION
                       TABLE 289 CHEVRON CORPORATION: COMPANY OVERVIEW
                       FIGURE 56 CHEVRON CORPORATION: COMPANY SNAPSHOT
                       TABLE 290 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 291 CHEVRON CORPORATION: DEALS
             12.1.8 ORSTED A/S
                       TABLE 292 ORSTED A/S: COMPANY OVERVIEW
                       FIGURE 57 ORSTED A/S: COMPANY SNAPSHOT
                       TABLE 293 ORSTED A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 294 ORSTED A/S: DEALS
                       TABLE 295 ORSTED A/S: OTHERS
             12.1.9 MESSER GROUP
                       TABLE 296 MESSER GROUP: COMPANY OVERVIEW
                       TABLE 297 MESSER GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 298 MESSER GROUP: DEALS
             12.1.10 EQUINOR ASA
                       TABLE 299 EQUINOR ASA: COMPANY OVERVIEW
                       FIGURE 58 EQUINOR ASA: COMPANY SNAPSHOT
                       TABLE 300 EQUINOR ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 301 EQUINOR ASA: DEALS
                       TABLE 302 EQUINOR ASA: PRODUCT LAUNCHES
             12.1.11 UNIPER SE
                       TABLE 303 UNIPER SE: COMPANY OVERVIEW
                       FIGURE 59 UNIPER SE: COMPANY SNAPSHOT
                       TABLE 304 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 305 UNIPER SE: DEALS
             12.1.12 EXXON MOBIL CORPORATION
                       TABLE 306 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
                       FIGURE 60 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
                       TABLE 307 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 308 EXXON MOBIL CORPORATION: DEALS
                       TABLE 309 EXXON MOBIL CORPORATION: OTHERS
             12.1.13 BP P.L.C.
                       TABLE 310 BP P.L.C.: COMPANY OVERVIEW
                       FIGURE 61 BP P.L.C.: COMPANY SNAPSHOT
                       TABLE 311 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 312 BP P.L.C.: DEALS
                       TABLE 313 BP P.L.C.: OTHERS
             12.1.14 IWATANI CORPORATION
                       TABLE 314 IWATANI CORPORATION: COMPANY OVERVIEW
                       FIGURE 62 IWATANI CORPORATION: COMPANY SNAPSHOT
                       TABLE 315 IWATANI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 316 IWATANI CORPORATION: DEALS
                       TABLE 317 IWATANI CORPORATION: OTHERS
             12.1.15 PETROLIAM NASIONAL BERHAD (PETRONAS)
                       TABLE 318 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW
                       FIGURE 63 PETRONAS NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT
                       TABLE 319 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 320 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS
             12.1.16 IBERDROLA, S.A.
                       TABLE 321 IBERDROLA, S.A.: COMPANY OVERVIEW
                       FIGURE 64 IBERDROLA, S.A.: COMPANY SNAPSHOT
                       TABLE 322 IBERDROLA, S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 323 IBERDROLA, S.A.: DEALS
                       TABLE 324 IBERDROLA, S.A.: OTHERS
     12.2 OTHER PLAYERS 
             12.2.1 SIEMENS
             12.2.2 HIRINGA ENERGY LIMITED
             12.2.3 BAYOTECH
             12.2.4 HYGEAR
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
 
13 APPENDIX (Page No. - 284)
     13.1 INSIGHTS FROM INDUSTRY EXPERTS 
     13.2 DISCUSSION GUIDE 
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.4 CUSTOMIZATION OPTIONS 
     13.5 RELATED REPORTS 
     13.6 AUTHOR DETAILS 

The study involved major activities in estimating the current size of the hydrogen generation market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

This research study on the hydrogen generation market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research

The hydrogen generation market comprises several stakeholders, such as hydrogen producers, technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for hydrogen generation in various applications such as petroleum refinery, transportation, ammonia production, methanol production and others. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Hydrogen Generation Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the hydrogen generation market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
  • The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Hydrogen Generation Market Size: Top-Down Approach

Hydrogen Generation Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Hydrogen Generation Market Size: Bottom-Up Approach

Hydrogen Generation Market Size, and Share

Data Triangulation

After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Market Definition

The hydrogen generation market encompasses the total revenue generated by firms employing diverse technologies, including electrolysis, steam methane reforming (SMR), auto thermal reforming (ATR), partial oxidation (POX), and coal gasification, for the production of hydrogen.

Key Stakeholders

  • Energy Regulators
  • Consulting companies in the energy and power sector
  • Distributors of hydrogen energy  solutions
  • Governments and research organizations
  • Power equipment and garden tool manufacturers
  • Hydrogen  producers
  • Spare parts and component suppliers

Objectives of the Study

  • To define, describe, and forecast the hydrogen generation market based on source, technology, generation and delivery mode, and end user in terms of value
  • To define, describe, and forecast the market across five key regions, namely, North America, Europe, Asia Pacific, South America, Middle East, and Africa, along with the country-level market analyses in terms of value
  • To provide detailed information about industry-specific key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze the hydrogen generation market with respect to individual growth trends, prospects, and contributions of each segment to the market
  • To provide information pertaining to the supply chain, trends/disruptions impacting customers’ businesses, market mapping, pricing of hydrogen, and regulatory landscape pertaining to the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
  • To analyze opportunities for stakeholders in the market and draw a competitive landscape for market players
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
  • To compare key market players with respect to the market share, product specifications, and applications
  • To strategically profile key players and comprehensively analyze their market ranking and core competencies2
  • To track and analyze competitive developments in the hydrogen generation market, such as expansions, product launches, partnerships, and acquisitions.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Product Matrix, which provides a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analyses and profiling of additional market players
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Oct, 2023
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