Hydrogen Generation Market

Hydrogen Generation Market by Technology (SMR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation), Source (Blue, Green, Gray), Generation Mode, Region - Forecast to 2027

Report Code: EP 2781 Aug, 2022, by marketsandmarkets.com

[280 Pages Report] The global hydrogen generation market is projected to reach USD 263.5 billion by 2027, at a CAGR of 10.5% between 2022 to 2027. The growing demand of hydrogen for fuel cell electric vehicles (FECV) vehicles and rockets in the aerospace industry are driving market growth. Utilization of hydrogen fuel cells in lightweight vehicles such as bicycles, cars, buses, trains, material handling equipment, boats, ships, commercial aircraft, auxiliary power units (APUs) of aircraft, marine vessels, and specialty vehicles such as forklifts are fostering the market growth in the transportation sector.

Hydrogen Generation Market

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Hydrogen Generation Market Dynamics

Driver: Extensive research and development (R&D) to develop green hydrogen production technologies

Hydrogen produced is mostly used by petroleum refineries and fertilizer producing companies. A total of 99% of hydrogen comes from fossil fuel reforming, as it is the most conventional and cost-effective method. But it is not beneficial for the environment due to CO2 emission. Green hydrogen is produced from electrolysis. Electrolysis is the method used to produce green hydrogen as it uses electricity to split water into hydrogen and oxygen and gives out zero carbon emissions. One of the objectives that various nations have set for 2050 is the decarbonization of the earth. The generation of an element like hydrogen, which produces green hydrogen, is one of the key factors in achieving this goal because it now accounts for more than 2% of worldwide CO2 emissions. For instance, the European Union (EU) released a unique hydrogen policy in 2020 that combines initiatives to support green hydrogen generation capacities’ rapid growth. By 2023, Florida Power & Light plans to have a 20 MW green hydrogen plant up and running. The 1.75 gigawatts Okeechobee gas-fired plant owned by FP&L will utilize this hydrogen in a 20% blend.

Restraint: Energy loss in value chain

Hydrogen is a synthetic energy carrier. It transports energy produced by various other processes. Water electrolysis converts electrical energy into hydrogen. However, in addition to producing hydrogen, high-grade electrical energy is also utilized to compress, liquefy, transport, transfer, or store the medium. Energy is needed for the production of hydrogen. The energy input should ideally match the energy level of the synthetic gas. Any method of producing hydrogen, such as electrolysis and reforming, involves energy transformation. The chemical energy of hydrogen is converted from electrical energy or the chemical energy of hydrocarbons. Unfortunately, energy losses are always a part of the creation of hydrogen.

Energy loss occurs across every step of the value chain for hydrogen production. In the production stage, the energy needed for electrolysis is lost by around 30%. An additional 10–25% of energy is lost during conversion to other forms. Energy input is needed to deliver green hydrogen, either in the form of fuel for vehicles or energy from pipes. Utilizing hydrogen in fuel cells results in more energy loss.

Opportunities: Rising focus on achieving net zero emission target by 2050

Hydrogen production goes through an unprecedented revolution under the net zero emissions scenario. When the global output reaches 200 Mt H2 in 2030, low-carbon technologies will account for 70% of that production (electrolysis). By 2050, the amount of hydrogen produced will have increased to about 500 Mt H2, almost entirely due to low-carbon technologies. Different technologies will be needed to alter the energy system to achieve net zero emissions by 2050. Energy efficiency, behavioral modification, electrification, renewable energy, hydrogen and hydrogen-based fuels, and carbon, capture, utilization, and storage (CCUS) are likely to be the major pillars for decarbonizing the world’s energy system.

In the net zero emissions scenario, strong hydrogen demand growth and the adoption of cleaner technologies for its production will allow hydrogen and hydrogen-based fuels to prevent up to 60 Gt of CO2 emissions in 2021–2050, or 6.5% of all cumulative emissions reductions. Utilizing hydrogen fuel is especially important for cutting emissions in hard-to-decarbonize industries, including heavy industries (especially steel and chemical), heavy-duty road transport, shipping, and aviation, where direct electrification is challenging.

Challenges: High costs associated with production of green hydrogen

Green hydrogen is obtained from renewable resources or low-carbon power. Green hydrogen can assist energy-intensive, difficult-to-decarbonize industries and sectors such as steel, chemical, transportation, shipping, and aviation in achieving net-zero carbon dioxide (CO2) emissions. However, production prices must be reduced to make it affordable for all nations. Blue hydrogen, created from fossil fuels and carbon capture and storage, now costs twice as much as green hydrogen (CCUS).

CCUS is still the primary low-carbon hydrogen generation method and is likely to stay that way in the future because production costs are lower than for other low-carbon technologies such as water electrolysis. Electrolysis is an established technology that has long been employed in some industrial processes, such as the creation of chlorine in the Chlor-alkali process. The production of dedicated hydrogen has not yet gained widespread use. Currently, 30 kt of hydrogen is created exclusively through electrolysis yearly, or around 0.03% of all hydrogen produced. The level is low because electrolytic hydrogen production costs (USD 3–8/kg H2) are higher than those from unrestricted fossil fuels (USD 0.5–1.7/kg H2).

Market Map:

Hydrogen Generation Market Size, and Share

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The gray hydrogen is expected to be the largest segment of the hydrogen generation market, by source, during the forecast period

Today, gray hydrogen makes up most of the hydrogen produced. Natural gas is reformatted to create grey hydrogen, which is utilized to reorganize the molecular structure of hydrocarbons. The cost of producing grey hydrogen is lower than both blue hydrogenlue and green hydrogen. Gray hydrogen covers most of the market comparing to blue and green hydrogen.

The transportation segment is expected to be the fastest-growing market, by application, during the forecast period

The hydrogen generation market, by application, is segmented into Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation. The transportation segment accounted to be the fastest growing segment in hydrogen generation market in 2021. Growing focus to increase the decarbonizing the transportation sector is driving the application segment, hence, increase the demand of hydrogen in the coming years.

Electrolysis: The fastest growing segment of hydrogen generation market, by technology

Electrolysis might be a promising technique for hydrogen production in the future. The simplest electrolysis method transforms water into hydrogen and oxygen by placing two electrodes in it and running an electrical current through them. Other than hydrogen and oxygen, electrolysis does not emit or produce any by-products

Asia Pacific is expected to dominate the global hydrogen generation market

The Asia Pacific is estimated to be the largest market for the hydrogen generation market in 2022. The growth of the Asia Pacific hydrogen generation market is expected to be driven by increase in fuel cell based electric vehicles and hydrogen based economy. China held the largest share of the Asia Pacific hydrogen generation market. The country is witnessing an increase in demand for hydrogen from refineries and fuel cell vehicles, which is expected to propel market growth.

Hydrogen Generation Market Size, and Share

Key Market Players

The major players in the hydrogen generation market are Siemens Energy (Germany), Linde plc (Ireland), ENGIE (France), Air Liquide (France), and Air Products Inc. (US). Between 2018 and 2021, the companies adopted growth strategies such as contracts & agreements, investments & expansions, partnerships, collaborations, alliances & joint ventures 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

2020–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million/Billion); Volume (Thousand Metric Tons)

Segments covered

Technology, Source, Application, Generation and Delivery mode, Region

Geographies covered

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

Companies covered

Linde plc (Ireland), Air Liquide (France), Cummins Inc. (US), Air Products Inc. (US), Uniper SE (Germany), Engie (France), Siemens (Germany),Nel ASA (Norway),ITM Power (UK), Iberdrola, S.A. (Spain), McPhy Energy S.A. (France), Messer (Germany), Enapter S.r.l. (Germany), Ψrsted A/S (Denmark), thyssenkrupp AG (Germany), Iwatani Corporation (Japan), Xebec Adsorption Inc. (Canada), Green Hydrogen (Denmark), Plug Power Inc. (US) , Ally Hi-Tech Co. Ltd. (China), Starfire energy (US),Aquahydrex (US),EXYTRON (Germany),Electrochaea GmbH (Germany),Atawey (France),Hiringa Energy Limited (New Zealand)

This research report categorizes the hydrogen generation market by state, technologies, application, end-user, region.

On the basis of by source, the hydrogen generation market has been segmented as follows:

  • Blue Hydrogen
  • Gray Hydrogen
  • Green Hydrogen

On the basis of by technologies, the hydrogen generation market has been segmented as follows:

  • Steam methane reformin (SMR)
  • Partial Oxidation (POX)
  • Coal gasification
  • Electrolysis

On the basis of by application, the hydrogen generation market has been segmented as follows:

  • Petroleum refinery
  • Ammonia production
  • Methanol production
  • Transportation
  • Power generation

On the basis of by generatio and delivery mode, the hydrogen generation market has been segmented as follows:

  • Captive
  • Merchant

On the basis of region, the hydrogen generation market has been segmented as follows:

  • Europe
  • Asia pacific
  • North America
  • South America
  • Middle east
  • Africa

Recent Developments

  • In March 2022, Air Products Inc. announced constructing and operating the new green liquid hydrogen production plant in Casa Grande, Arizona. It will be zero-carbon liquid hydrogen facility and will stream in the market by 2023.
  • In January 2022, Linde plc signed an agreement with Yara to construct and deliver a 24 MW green hydrogen plant.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1  INTRODUCTION (Page No. - 39)
    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  HYDROGEN GENERATION MARKET, BY APPLICATION: INCLUSIONS AND EXCLUSIONS
    1.4  MARKET SCOPE
           1.4.1  HYDROGEN GENERATION MARKET: SEGMENTATION
           1.4.2  HYDROGEN GENERATION MARKET: REGIONAL SCOPE
    1.5  YEARS CONSIDERED
    1.6  CURRENCY CONSIDERED
    1.7  LIMITATIONS
    1.8  STAKEHOLDERS
    1.9  SUMMARY OF CHANGES
2  RESEARCH METHODOLOGY (Page No. - 44)
    2.1  RESEARCH DATA
                     FIGURE 1  HYDROGEN GENERATION MARKET: RESEARCH DESIGN
    2.2  MARKET BREAKDOWN AND DATA TRIANGULATION
                     FIGURE 2  DATA TRIANGULATION METHODOLOGY
           2.2.1  SECONDARY DATA
                     2.2.1.1  Key data from secondary sources
           2.2.2  PRIMARY DATA
                     2.2.2.1  Key data from primary sources
                     2.2.2.2  Breakdown of primaries
                     FIGURE 3  BREAKDOWN OF PRIMARIES: BY COMPANY, DESIGNATION, AND REGION
    2.3  MARKET SIZE ESTIMATION
           2.3.1  BOTTOM-UP APPROACH
                     FIGURE 4  HYDROGEN GENERATION MARKET: BOTTOM-UP APPROACH
           2.3.2  TOP-DOWN APPROACH
                     FIGURE 5  HYDROGEN GENERATION MARKET: TOP-DOWN APPROACH
           2.3.3  DEMAND-SIDE METRICS
                     FIGURE 6  HYDROGEN GENERATION MARKET: DEMAND-SIDE ANALYSIS
                     2.3.3.1  Assumptions
                     2.3.3.2  Calculations
           2.3.4  SUPPLY-SIDE ANALYSIS
                     FIGURE 7  KEY METRICS CONSIDERED FOR ASSESSING SUPPLY OF HYDROGEN GENERATION SOLUTIONS
                     FIGURE 8  HYDROGEN GENERATION MARKET: SUPPLY-SIDE ANALYSIS
                     2.3.4.1  Assumptions and calculations
                     FIGURE 9  COMPANY REVENUE ANALYSIS, 2021
           2.3.5  FORECAST
3  EXECUTIVE SUMMARY (Page No. - 55)
                     TABLE 1  HYDROGEN GENERATION MARKET: SNAPSHOT
                                 FIGURE 10  ASIA PACIFIC HELD LARGEST SHARE OF HYDROGEN GENERATION MARKET  IN 2021
                                 FIGURE 11  PETROLEUM REFINERY SEGMENT TO HOLD LARGEST MARKET SHARE, BY APPLICATION, DURING FORECAST PERIOD
                                 FIGURE 12  GRAY HYDROGEN SEGMENT TO LEAD HYDROGEN GENERATION MARKET, BY SOURCE, DURING FORECAST PERIOD
                                 FIGURE 13  STEAM METHANE REFORMING (SMR) SEGMENT TO LEAD HYDROGEN GENERATION MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD
                                 FIGURE 14  MERCHANT SEGMENT TO REGISTER HIGHER CAGR, BY GENERATION AND DELIVERY MODE, DURING FORECAST PERIOD
4  PREMIUM INSIGHTS (Page No. - 59)
    4.1  ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROGEN GENERATION MARKET
                                 FIGURE 15  GROWING NEED TO REDUCE GREENHOUSE GAS EMISSIONS FROM HYDROGEN PRODUCTION PROCESSES
    4.2  HYDROGEN GENERATION MARKET, BY REGION
                                 FIGURE 16  ASIA PACIFIC HYDROGEN GENERATION MARKET TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    4.3  ASIA PACIFIC HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY MODE AND COUNTRY
                                 FIGURE 17  CAPTIVE SEGMENT AND CHINA DOMINATED ASIA PACIFIC HYDROGEN GENERATION MARKET IN 2021
    4.4  HYDROGEN GENERATION MARKET, BY TECHNOLOGY
                                 FIGURE 18  STEAM METHANE REFORMING (SMR) SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2027
    4.5  HYDROGEN GENERATION MARKET, BY SOURCE
                                 FIGURE 19  GRAY HYDROGEN SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027
    4.6  HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY MODE
                                 FIGURE 20  CAPTIVE SEGMENT TO HOLD LARGER MARKET SHARE IN 2027
    4.7  HYDROGEN GENERATION MARKET, BY APPLICATION
                                 FIGURE 21  PETROLEUM REFINERY SEGMENT TO HOLD LARGEST MARKET SHARE IN 2027
5  MARKET OVERVIEW (Page No. - 63)
    5.1  INTRODUCTION
    5.2  MARKET DYNAMICS
                                 FIGURE 22  HYDROGEN GENERATION MARKET: MARKET DYNAMICS
           5.2.1  DRIVERS
                     5.2.1.1  Increasing regulations related to desulphurization and greenhouse gas emissions
                                 FIGURE 23  GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2021
                     5.2.1.2  Increasing research and development (R&D) related to green hydrogen production technologies
                     5.2.1.3  Growing use of hydrogen in fuel cell electric vehicles (FCEVs)
                                 FIGURE 24  FUEL CELL ELECTRIC VEHICLE STOCK, BY REGION, 2017–2021
           5.2.2  RESTRAINTS
                     5.2.2.1  Energy loss during hydrogen production
           5.2.3  OPPORTUNITIES
                     5.2.3.1  Increasing government focus on developing hydrogen-based economies
                     TABLE 2  POLICIES IMPLEMENTED BY MAJOR ECONOMIES TO BOOST HYDROGEN DEMAND
                     5.2.3.2  Rising focus of governments on achieving net zero emission targets by 2050
                                 FIGURE 25  CUMULATIVE EMISSION REDUCTION, BY MITIGATION MEASURE IN NET ZERO EMISSION (NZE), 2021–2050
           5.2.4  CHALLENGES
                     5.2.4.1  Integration of hydrogen into natural gas networks
                                 FIGURE 26  INTEGRATION OF LOW-CARBON HYDROGEN INTO GAS NETWORKS, 2017–2020
                     5.2.4.2  High green hydrogen production cost
    5.3  TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           5.3.1  REVENUE SHIFT AND NEW REVENUE POCKETS FOR CUSTOMERS
    5.4  TRADE ANALYSIS
           5.4.1  EXPORT SCENARIO
                     TABLE 3  EXPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD)
           5.4.2  IMPORT SCENARIO
                     TABLE 4  IMPORT SCENARIO FOR HS CODE: 280410, BY COUNTRY, 2019–2021 (USD)
    5.5  PRICING ANALYSIS
           5.5.1  INDICATIVE PRICING ANALYSIS, BY TECHNOLOGY
                     TABLE 5  HYDROGEN GENERATION COST, BY TECHNOLOGY
    5.6  TECHNOLOGY ANALYSIS
    5.7  CASE STUDY ANALYSIS
           5.7.1  ASAHI KASEI USES SAP LEONARDO FOR GREEN HYDROGEN PRODUCTION
           5.7.2  NATIONAL RENEWABLE ENERGY LABORATORY (NREL) AND ELECTRIC HYDROGEN (US) COLLABORATED TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS
    5.8  KEY CONFERENCES AND EVENTS, 2022–2023
                     TABLE 6  HYDROGEN GENERATION MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.9  SUPPLY CHAIN ANALYSIS
                                 FIGURE 27  HYDROGEN GENERATION MARKET: SUPPLY CHAIN ANALYSIS
                     TABLE 7  HYDROGEN GENERATION MARKET: ROLE IN SUPPLY CHAIN
    5.1  MARKET MAP
                                 FIGURE 28  HYDROGEN GENERATION MARKET: MARKET MAP
      5.11  INNOVATIONS AND PATENT REGISTRATIONS
             5.11.1  LIST OF MAJOR PATENTS
                     TABLE 8  HYDROGEN GENERATION MARKET: INNOVATIONS AND PATENT REGISTRATIONS
      5.12  TARIFFS AND REGULATORY FRAMEWORK
             5.12.1  REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9  NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10  EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11  ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
             5.12.2  HYDROGEN GENERATION MARKET: REGULATORY FRAMEWORK
                     TABLE 12  REGULATORY FRAMEWORK: HYDROGEN GENERATION MARKET, BY REGION
      5.13  PORTER’S FIVE FORCES ANALYSIS
                                 FIGURE 29  HYDROGEN GENERATION MARKET: PORTER’S FIVE FORCES ANALYSIS
                     TABLE 13  HYDROGEN GENERATION 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 30  INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION
                     TABLE 14  INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS, BY APPLICATION (%)
             5.14.2  BUYING CRITERIA
                                 FIGURE 31  BUYING CRITERIA FOR TOP 3 APPLICATIONS
                     TABLE 15  KEY BUYING CRITERIA, BY APPLICATION
6  HYDROGEN GENERATION MARKET, BY TECHNOLOGY (Page No. - 88)
    6.1  INTRODUCTION
                                 FIGURE 32  STEAM METHANE REFORMING (SMR) SEGMENT HELD LARGEST MARKET SHARE IN 2021
                     TABLE 16  HYDROGEN GENERATION MARKET, BY TECHNOLOGY, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 17  HYDROGEN GENERATION MARKET, BY TECHNOLOGY, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 18  HYDROGEN GENERATION MARKET, BY TECHNOLOGY, 2016–2019 (USD MILLION)
                     TABLE 19  HYDROGEN GENERATION MARKET, BY TECHNOLOGY, 2020–2027 (USD MILLION)
    6.2  STEAM METHANE REFORMING (SMR)
           6.2.1  RISING USE OF STEAM METHANE REFORMING (SMR) TECHNOLOGY DUE TO COST-EFFECTIVENESS AND HIGH ENERGY EFFICIENCY
    6.3  PARTIAL OXIDATION (POX)
           6.3.1  GROWING DEMAND FOR FUEL CELL ELECTRIC VEHICLES (FCEVS)
    6.4  COAL GASIFICATION
           6.4.1  INCREASING USE OF COAL GASIFICATION TECHNOLOGY TO GENERATE ELECTRICITY
    6.5  ELECTROLYSIS
           6.5.1  GROWING USE OF ELECTROLYSIS TO INCREASE ENERGY EFFICIENCY OF HYDROGEN GENERATION PROCESS
                     TABLE 20  ELECTROLYSIS TECHNOLOGY: COMPANY FOOTPRINT
           6.5.2  ALKALINE ELECTROLYSIS
           6.5.3  PROTON EXCHANGE MEMBRANE (PEM)
           6.5.4  SOLID OXIDE ELECTROLYZER (SOEC)
           6.5.5  ANION EXCHANGE MEMBRANE (AEM)
7  HYDROGEN GENERATION MARKET, BY SOURCE (Page No. - 95)
    7.1  INTRODUCTION
                                 FIGURE 33  GRAY HYDROGEN SEGMENT HELD LARGEST MARKET SHARE IN 2021
                     TABLE 21  HYDROGEN GENERATION MARKET, BY SOURCE, 2016–2019 (USD MILLION)
                     TABLE 22  HYDROGEN GENERATION MARKET, BY SOURCE, 2020–2027 (USD MILLION)
    7.2  BLUE HYDROGEN
           7.2.1  GROWING ADOPTION OF CARBON CAPTURE, UTILIZATION, AND STORAGE (CCUS) TECHNOLOGY TO PRODUCE GREEN HYDROGEN
    7.3  GRAY HYDROGEN
           7.3.1  LOW GRAY HYDROGEN PRODUCTION COST
    7.4  GREEN HYDROGEN
           7.4.1  INCREASING FOCUS ON ACHIEVING NET ZERO CARBON EMISSION TARGETS
8  HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY MODE (Page No. - 98)
    8.1  INTRODUCTION
                     FIGURE 34  CAPTIVE SEGMENT HELD LARGER MARKET SHARE IN 2021
                     TABLE 23  HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 24  HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 25  HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
                     TABLE 26  HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
    8.2  CAPTIVE
           8.2.1  RISING DEMAND FOR ON-SITE HYDROGEN IN FERTILIZER PRODUCTION AND PETROLEUM REFINERIES
                     TABLE 27  CAPTIVE: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 28  CAPTIVE: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 29  CAPTIVE: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 30  CAPTIVE: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    8.3  MERCHANT
           8.3.1  LARGE-SCALE HYDROGEN PRODUCTION THROUGH WATER ELECTROLYSIS AND NATURAL GAS PROCESSES
                     TABLE 31  MERCHANT: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 32  MERCHANT: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 33  MERCHANT: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 34  MERCHANT: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
           8.3.2  BY DELIVERY MODE
                     8.3.2.1  Increasing demand for hydrogen in fueling stations
                     TABLE 35  MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 36  MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 37  MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE, 2016–2019 (USD MILLION)
                     TABLE 38  MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE, 2020–2027 (USD MILLION)
                     8.3.2.2  Liquid on-site plant and pipeline
                     8.3.2.3  Bulk and cylinder (Gaseous form)
                     8.3.2.4  Bulk (Liquid form)
                     8.3.2.5  Small on-site
           8.3.3  BY STATE
                     8.3.3.1  Gas
                                 8.3.3.1.1  Increasing demand for gaseous hydrogen in transportation sector and refineries
                     TABLE 39  MERCHANT: HYDROGEN GENERATION MARKET, BY STATE, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 40  MERCHANT: HYDROGEN GENERATION MARKET, BY STATE, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 41  MERCHANT: GAS HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 42  MERCHANT: GAS HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     8.3.3.2  Liquid
                                 8.3.3.2.1  Increasing industrial applications of liquid hydrogen
                     TABLE 43  MERCHANT: LIQUID HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 44  MERCHANT: LIQUID HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
9  HYDROGEN GENERATION MARKET, BY APPLICATION (Page No. - 109)
    9.1  INTRODUCTION
                                 FIGURE 35  HYDROGEN GENERATION MARKET, BY APPLICATION, 2021 (VALUE)
                     TABLE 45  HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 46  HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 47  HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                     TABLE 48  HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
    9.2  PETROLEUM REFINERY
           9.2.1  INCREASING DEMAND FOR HYDROGEN IN REFINERIES TO LOWER SULFUR CONTENT OF DIESEL
                     TABLE 49  PETROLEUM REFINERY: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 50  PETROLEUM REFINERY: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 51  PETROLEUM REFINERY: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 52  PETROLEUM REFINERY: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.3  AMMONIA PRODUCTION
           9.3.1  RISING CARBON-FREE HYDROGEN DEMAND TO MANUFACTURE NITROGEN-BASED FERTILIZERS
                     TABLE 53  AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 54  AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 55  AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 56  AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.4  METHANOL PRODUCTION
           9.4.1  INCREASING DEMAND FOR TRANSPORTATION FUEL AND ELECTRICITY
                     TABLE 57  METHANOL PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 58  METHANOL PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 59  METHANOL PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 60  METHANOL PRODUCTION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.5  TRANSPORTATION
           9.5.1  RAPID RISE IN DEMAND FOR FUEL CELL ELECTRIC VEHICLES (FCEVS) IN ASIA PACIFIC
                     TABLE 61  TRANSPORTATION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 62  TRANSPORTATION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 63  TRANSPORTATION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 64  TRANSPORTATION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.6  POWER GENERATION
           9.6.1  INCREASING PORTABLE FUEL CELL INSTALLATIONS IN NORTH AMERICA
                     TABLE 65  POWER GENERATION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                     TABLE 66  POWER GENERATION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                     TABLE 67  POWER GENERATION: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 68  POWER GENERATION: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
    9.7  OTHERS
                     TABLE 69  OTHERS: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019  (THOUSAND METRIC TONS)
                     TABLE 70  OTHERS: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027  (THOUSAND METRIC TONS)
                     TABLE 71  OTHERS: HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                     TABLE 72  OTHERS: HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
10  HYDROGEN GENERATION MARKET, BY REGION (Page No. - 124)
       10.1  INTRODUCTION
              FIGURE 36  ASIA PACIFIC HYDROGEN GENERATION MARKET TO EXHIBIT HIGHEST GROWTH DURING FORECAST PERIOD
              FIGURE 37  HYDROGEN GENERATION MARKET SHARE, BY REGION, 2021 (VALUE)
                         TABLE 73  HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (THOUSAND METRIC TONS)
                         TABLE 74  HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (THOUSAND METRIC TONS)
                         TABLE 75  GLOBAL HYDROGEN GENERATION MARKET, BY REGION, 2016–2019 (USD MILLION)
                         TABLE 76  GLOBAL HYDROGEN GENERATION MARKET, BY REGION, 2020–2027 (USD MILLION)
       10.2  ASIA PACIFIC
              FIGURE 38  ASIA PACIFIC: HYDROGEN GENERATION MARKET SNAPSHOT
               10.2.1  BY GENERATION MODE
                         TABLE 77  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
                         TABLE 78  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
                         TABLE 79  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
                         TABLE 80  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.2.2  BY APPLICATION
                         TABLE 81  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
                         TABLE 82  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
                         TABLE 83  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                         TABLE 84  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.2.3  BY COUNTRY
                         TABLE 85  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019  (THOUSAND METRIC TONS)
                         TABLE 86  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027  (THOUSAND METRIC TONS)
                         TABLE 87  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
                         TABLE 88  ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.2.3.1  Japan
                                     10.2.3.1.1  Increasing demand for hydrogen fuel cell-based vehicles
                             TABLE 89  JAPAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
                             TABLE 90  JAPAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
                             TABLE 91  JAPAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                             TABLE 92  JAPAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.2.3.2  China
                                     10.2.3.2.1  Rising demand from refineries
                             TABLE 93  CHINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
                             TABLE 94  CHINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
                             TABLE 95  CHINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
                             TABLE 96  CHINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.2.3.3  India
                                     10.2.3.3.1  Dependence on fossil fuels and growing ammonia consumption
                             TABLE 97  INDIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
                             TABLE 98  INDIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
                             TABLE 99  INDIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 100  INDIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.2.3.4  Australia
                                     10.2.3.4.1  Increasing green hydrogen demand
              TABLE 101  AUSTRALIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 102  AUSTRALIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 103  AUSTRALIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 104  AUSTRALIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.2.3.5  South Korea
                                     10.2.3.5.1  Implementation of mandates to decarbonize energy sector
              TABLE 105  SOUTH KOREA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 106  SOUTH KOREA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 107  SOUTH KOREA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 108  SOUTH KOREA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.2.3.6  Rest of Asia Pacific
              TABLE 109  REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 110  REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 111  REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 112  REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
       10.3  NORTH AMERICA
              FIGURE 39  NORTH AMERICA: HYDROGEN GENERATION MARKET SNAPSHOT
               10.3.1  BY GENERATION MODE
              TABLE 113  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 114  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 115  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
              TABLE 116  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.3.2  BY APPLICATION
              TABLE 117  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 118  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 119  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 120  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.3.3  BY COUNTRY
              TABLE 121  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 122  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 123  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 124  NORTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.3.3.1  US
                                     10.3.3.1.1  Rising demand for hydrogen in petroleum refineries and fertilizer production
              TABLE 125  US: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 126  US: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 127  US: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 128  US: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.3.3.2  Canada
                                     10.3.3.2.1  Rising focus on developing sustainable hydrogen economy
              TABLE 129  CANADA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 130  CANADA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 131  CANADA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 132  CANADA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.3.3.3  Mexico
                                     10.3.3.3.1  Increasing fertilizer production
              TABLE 133  MEXICO: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 134  MEXICO: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 135  MEXICO: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 136  MEXICO: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
       10.4  EUROPE
               10.4.1  BY GENERATION MODE
              TABLE 137  EUROPE: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 138  EUROPE: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 139  EUROPE: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
              TABLE 140  EUROPE: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.4.2  BY APPLICATION
              TABLE 141  EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 142  EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 143  EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 144  EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.4.3  BY COUNTRY
              TABLE 145  EUROPE: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 146  EUROPE: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 147  EUROPE: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 148  EUROPE: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.4.3.1  UK
                                     10.4.3.1.1  Increasing focus on reducing natural gas import
              TABLE 149  UK: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 150  UK: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 151  UK: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 152  UK: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.4.3.2  Germany
                                     10.4.3.2.1  Growing adoption of fuel cell electric vehicles (FCEVs)
              TABLE 153  GERMANY: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 154  GERMANY: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 155  GERMANY: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 156  GERMANY: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.4.3.3  France
                                     10.4.3.3.1  Rising investments in renewable energy generation
              TABLE 157  FRANCE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 158  FRANCE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 159  FRANCE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 160  FRANCE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.4.3.4  Russia
                                     10.4.3.4.1  Stringent government regulations to increase use of cleaner fuels
              TABLE 161  RUSSIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 162  RUSSIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 163  RUSSIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 164  RUSSIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.4.3.5  Rest of Europe
              TABLE 165  REST OF EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 166  REST OF EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 167  REST OF EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 168  REST OF EUROPE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
       10.5  SOUTH AMERICA
               10.5.1  BY GENERATION MODE
              TABLE 169  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 170  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 171  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
              TABLE 172  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.5.2  BY APPLICATION
              TABLE 173  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 174  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 175  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 176  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.5.3  BY COUNTRY
              TABLE 177  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 178  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 179  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 180  SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.5.3.1  Brazil
                                     10.5.3.1.1  Rising demand for clean hydrogen in transportation sector
              TABLE 181  BRAZIL: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 182  BRAZIL: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 183  BRAZIL: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 184  BRAZIL: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.5.3.2  Argentina
                                     10.5.3.2.1  Increasing oil refining activities
              TABLE 185  ARGENTINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 186  ARGENTINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 187  ARGENTINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 188  ARGENTINA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.5.3.3  Rest of South America
              TABLE 189  REST OF SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 190  REST OF SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 191  REST OF SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 192  REST OF SOUTH AMERICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
       10.6  AFRICA
               10.6.1  BY GENERATION MODE
              TABLE 193  AFRICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 194  AFRICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 195  AFRICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
              TABLE 196  AFRICA: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.6.2  BY APPLICATION
              TABLE 197  AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 198  AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 199  AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 200  AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.6.3  BY COUNTRY
              TABLE 201  AFRICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 202  AFRICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 203  AFRICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 204  AFRICA: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.6.3.1  South Africa
                                     10.6.3.1.1  Growing use of hydrogen in mining industry
              TABLE 205  SOUTH AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 206  SOUTH AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 207  SOUTH AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 208  SOUTH AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.6.3.2  Rest of Africa
              TABLE 209  REST OF AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 210  REST OF AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 211  REST OF AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 212  REST OF AFRICA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
       10.7  MIDDLE EAST
               10.7.1  BY GENERATION MODE
              TABLE 213  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 214  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 215  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION)
              TABLE 216  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2027 (USD MILLION)
               10.7.2  BY APPLICATION
              TABLE 217  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 218  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 219  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 220  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
               10.7.3  BY COUNTRY
              TABLE 221  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 222  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 223  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY COUNTRY, 2016–2019 (USD MILLION)
              TABLE 224  MIDDLE EAST: HYDROGEN GENERATION MARKET, BY COUNTRY, 2020–2027 (USD MILLION)
                             10.7.3.1  Saudi Arabia
                                     10.7.3.1.1  Rising demand for low-sulfur fuel in transportation sector
              TABLE 225  SAUDI ARABIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 226  SAUDI ARABIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 227  SAUDI ARABIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 228  SAUDI ARABIA: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.7.3.2  Qatar
                                     10.7.3.2.1  Increasing demand for cleaner fuels in oil refineries
              TABLE 229  QATAR: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 230  QATAR: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 231  QATAR: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 232  QATAR: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.7.3.3  Iran
                                              10.7.3.3.1  Large-scale oil refining operations
              TABLE 233  IRAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 234  IRAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 235  IRAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 236  IRAN: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.7.3.4  UAE
                                              10.7.3.4.1  Increasing use of hydrogen fuel for electricity generation
              TABLE 237  UAE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019  (THOUSAND METRIC TONS)
              TABLE 238  UAE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027  (THOUSAND METRIC TONS)
              TABLE 239  UAE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 240  UAE: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
                             10.7.3.5  Rest of Middle East
              TABLE 241  REST OF MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONS)
              TABLE 242  REST OF MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (THOUSAND METRIC TONS)
              TABLE 243  REST OF MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2016–2019 (USD MILLION)
              TABLE 244  REST OF MIDDLE EAST: HYDROGEN GENERATION MARKET, BY APPLICATION, 2020–2027 (USD MILLION)
11  COMPETITIVE LANDSCAPE (Page No. - 196)
       11.1  OVERVIEW
              FIGURE 40  KEY DEVELOPMENTS IN HYDROGEN GENERATION MARKET, 2018–2022
       11.2  MARKET SHARE ANALYSIS OF KEY PLAYERS, 2021
              TABLE 245  HYDROGEN GENERATION MARKET: DEGREE OF COMPETITION
              FIGURE 41  MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
       11.3  MARKET EVALUATION FRAMEWORK
              TABLE 246  MARKET EVALUATION FRAMEWORK, 2018–2021
       11.4  REVENUE SHARE ANALYSIS OF TOP 5 MARKET PLAYERS, 2017–2021
              FIGURE 42  REVENUE SHARE ANALYSIS OF TOP 5 MARKET PLAYERS, 2017–2021
       11.5  RECENT DEVELOPMENTS
               11.5.1  DEALS
                             11.5.1.1  Hydrogen generation market: Deals, 2018–2022
               11.5.2  OTHERS
                             11.5.2.1  Hydrogen generation market: Others, 2018–2022
       11.6  COMPETITIVE LEADERSHIP MAPPING, 2021
               11.6.1  STARS
               11.6.2  EMERGING LEADERS
               11.6.3  PERVASIVE PLAYERS
               11.6.4  PARTICIPANTS
              FIGURE 43  HYDROGEN GENERATION MARKET: COMPETITIVE LEADERSHIP MAPPING, 2021
              TABLE 247  SOURCE: COMPANY FOOTPRINT
              TABLE 248  TECHNOLOGY: COMPANY FOOTPRINT
              TABLE 249  REGION: COMPANY FOOTPRINT
              TABLE 250  APPLICATION: COMPANY FOOTPRINT
       11.7  STARTUP/SME EVALUATION QUADRANT, 2021
               11.7.1  PROGRESSIVE COMPANIES
               11.7.2  RESPONSIVE COMPANIES
               11.7.3  DYNAMIC COMPANIES
               11.7.4  STARTING BLOCKS
              FIGURE 44  HYDROGEN GENERATION MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
       11.8  COMPETITIVE BENCHMARKING
              TABLE 251  HYDROGEN GENERATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
              TABLE 252  COMPANY SOURCE FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES)
              TABLE 253  COMPANY TECHNOLOGY FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES)
              TABLE 254  COMPANY REGION FOOTPRINT: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES)
              TABLE 255  APPLICATION: STARTUPS/SMES FOOTPRINT
12  COMPANY PROFILES (Page No. - 212)
       12.1  KEY COMPANIES
(Business overview, Products/Services offered, Recent Developments, MNM view)*
               12.1.1  LINDE PLC
              TABLE 256  LINDE PLC: BUSINESS OVERVIEW
              FIGURE 45  LINDE PLC: COMPANY SNAPSHOT
              TABLE 257  LINDE PLC: DEALS
               12.1.2  AIR LIQUIDE
              TABLE 258  AIR LIQUIDE: BUSINESS OVERVIEW
              FIGURE 46  AIR LIQUIDE: COMPANY SNAPSHOT
              TABLE 259  AIR LIQUIDE: DEALS
               12.1.3  AIR PRODUCTS INC.
              TABLE 260  AIR PRODUCTS INC.: BUSINESS OVERVIEW
              FIGURE 47  AIR PRODUCTS INC.: COMPANY SNAPSHOT
              TABLE 261  AIR PRODUCTS INC.: DEALS
              TABLE 262  AIR PRODUCTS INC.: OTHERS
               12.1.4  ENGIE
              TABLE 263  ENGIE: BUSINESS OVERVIEW
              FIGURE 48  ENGIE: COMPANY SNAPSHOT
              TABLE 264  ENGIE: DEALS
               12.1.5  SIEMENS
              TABLE 265  SIEMENS: BUSINESS OVERVIEW
              FIGURE 49  SIEMENS: COMPANY SNAPSHOT
              TABLE 266  SIEMENS: DEALS
               12.1.6  CUMMINS INC.
              TABLE 267  CUMMINS INC.: BUSINESS OVERVIEW
              FIGURE 50  CUMMINS INC.: COMPANY SNAPSHOT
              TABLE 268  CUMMINS INC.: DEALS
               12.1.7  UNIPER SE
              TABLE 269  UNIPER SE: BUSINESS OVERVIEW
              FIGURE 51  UNIPER SE: COMPANY SNAPSHOT
              TABLE 270  UNIPER SE: DEALS
               12.1.8  NEL ASA
              TABLE 271  NEL ASA: BUSINESS OVERVIEW
              FIGURE 52  NEL ASA: COMPANY SNAPSHOT
              TABLE 272  NEL ASA: DEALS
               12.1.9  MCPHY
              TABLE 273  MCPHY: BUSINESS OVERVIEW
              FIGURE 53  MCPHY: COMPANY SNAPSHOT
              TABLE 274  MCPHY: PRODUCT DEVELOPMENT
              TABLE 275  MCPHY: DEALS
                 12.1.10  GREEN HYDROGEN
              TABLE 276  GREEN HYDROGEN: BUSINESS OVERVIEW
              FIGURE 54  GREEN HYDROGEN: COMPANY SNAPSHOT
              TABLE 277  GREEN HYDROGEN: PRODUCT DEVELOPMENT
              TABLE 278  GREEN HYDROGEN: DEALS
                 12.1.11  ΨRSTED A/S
              TABLE 279  ΨRSTED A/S: BUSINESS OVERVIEW
              FIGURE 55  ΨRSTED A/S: COMPANY SNAPSHOT
              TABLE 280  ΨRSTED A/S: DEALS
                 12.1.12  PLUG POWER INC.
              TABLE 281  PLUG POWER INC.: BUSINESS OVERVIEW
              FIGURE 56  PLUG POWER INC.: COMPANY SNAPSHOT
              TABLE 282  PLUG POWER INC.: DEALS
                 12.1.13  ENAPTER S.R.L.
              TABLE 283  ENAPTER S.R.L.: BUSINESS OVERVIEW
              TABLE 284  ENAPTER S.R.L.: PRODUCT DEVELOPMENT
              TABLE 285  ENAPTER S.R.L.: DEALS
                 12.1.14  ITM POWER
              TABLE 286  ITM POWER: BUSINESS OVERVIEW
              FIGURE 57  ITM POWER: COMPANY SNAPSHOT
              TABLE 287  ITM POWER: DEALS
                 12.1.15  IWATANI CORPORATION
              TABLE 288  IWATANI: BUSINESS OVERVIEW
              FIGURE 58  IWATANI: COMPANY SNAPSHOT
              TABLE 289  IWATANI: DEALS
                 12.1.16  IBERDROLA S.A.
              TABLE 290  IBERDROLA S.A.: BUSINESS OVERVIEW
              FIGURE 59  IBERDROLA S.A.: COMPANY SNAPSHOT
              TABLE 291  IBERDROLA S.A.: DEALS
                 12.1.17  MESSER
              TABLE 292  MESSER GROUP: BUSINESS OVERVIEW
              FIGURE 60  MESSER GROUP: COMPANY SNAPSHOT
              TABLE 293  MESSER GROUP: DEALS
                 12.1.18  XEBEC ADSORPTION INC.
              TABLE 294  XEBEC ADSORPTION INC.: BUSINESS OVERVIEW
              FIGURE 61  XEBEC ADSORPTION INC.: COMPANY SNAPSHOT
              TABLE 295  XEBEC ADSORPTION INC.: DEALS
                 12.1.19  STARFIRE ENERGY
              TABLE 296  STARFIRE ENERGY: BUSINESS OVERVIEW
                 12.1.20  AQUAHYDREX
              TABLE 297  AQUAHYDREX: BUSINESS OVERVIEW
                 12.1.21  EXYTRON
              TABLE 298  EXYTRON: BUSINESS OVERVIEW
       12.2  OTHER PLAYERS
               12.2.1  THYSSENKRUPP AG
               12.2.2  ALLY HI-TECH CO. LTD.
               12.2.3  ELECTROCHAEA
               12.2.4  HIRINGA ENERGY
               12.2.5  ATAWEY
*Details on Business overview, Products/Services offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13  APPENDIX (Page No. - 272)
       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

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

Secondary Research

This research study involved the use of extensive secondary sources, directories, and databases such as water and wastewater management data, industry publications, several newspaper articles, Statista Industry Journal, Factiva, and water & environment journal to identify and collect information useful for a technical, market-oriented, and commercial study of the hydrogen generation 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 companies related to the industry, component manufacturing companies for government & research organizations, organizations, forums, alliances & associations, hydrogen providers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by increased investment in the residential, commercial, and industrial sector. The supply side is characterized by investments & expansion and partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:

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 have been used to estimate and validate the size of the global hydrogen generation market and its dependent submarkets. These methods were also extensively used 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 shares in the respective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Global Hydrogen generation Market Size: Bottom-Up Approach

Hydrogen Generation Market Size, and Share

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

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the hydrogen generation market.

Objectives of the Study

  • To forecast and describe the hydrogen generation market size, by source, technologies, application, generationa and delivery mode, and region, in terms of value
  • To provide detailed information regarding the major drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To estimate the size of the market in terms of value
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, future expansions, and contributions to the overall market
  • To forecast the growth of the hydrogen generation market with respect to six major regions, namely, North America, Europe, Asia Pacific, South America, the Middle East and Africa.
  • To analyze market opportunities for stakeholders and the competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their respective market shares and core competencies
  • To analyze competitive developments such as investments & expansions, mergers & acquisitions, product launches, contracts & agreements, and joint ventures & collaborations in the hydrogen generation market

Available Customizations:

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

Company Information

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

Company Information

  • Detailed analysis and profiling of additional market players
Hydrogen Generation Market Size,  Share & Growth Report
Report Code
EP 2781
Published ON
Aug, 2022
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