Top Hydrogen Generation Companies

The global hydrogen generation market is expected to grow from USD 157.81 billion in 2025 to USD 226.37 billion in 2030, at a CAGR of 7.5% during the forecast period. The hydrogen generation market is driven by the widespread use of hydrogen in existing industrial applications, particularly in refining, ammonia production, and methanol synthesis, where it serves as a feedstock. The growing global emphasis on decarbonization and the transition to clean energy sources drives the hydrogen generation market. Governments and industries worldwide increasingly adopt hydrogen as a key component in achieving net-zero emission targets, particularly in hard-to-abate sectors such as steel manufacturing, transportation, and chemical production.

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A few major players that have a wide regional presence dominate the hydrogen generation market. The leading players in the hydrogen generation market are Linde plc (Ireland), Air Liquide (France), Saudi Arabian Oil Co. (Saudi Arabia), Air Products and Chemicals, Inc. (US), Shell plc (UK), among others. Major strategies these players adopt include partnerships, collaboration, agreements, and acquisitions.

For instance, in March 2025, Saudi Arabian Oil Co. entered an agreement with Air Products Qudra to acquire a 50% stake in the Jubail-based Blue Hydrogen Industrial Gases Company (BHIG). Under this deal, Aramco and APQ will jointly develop a blue hydrogen plant that produces low-carbon hydrogen from natural gas using carbon capture, seamlessly integrated with Aramco’s CCS hub in Jubail. The facility is expected to begin commercial operations in coordination with the CCS activities, supplying hydrogen and encouraging the development of a wider hydrogen network across the Eastern Province.

Linde PLC

Linde PLC provides industrial gases and high-quality engineering solutions, technologies, and services. The company is the largest industrial gas firm globally in terms of market share and revenue. It operates through five business segments: Americas, EMEA (Europe, Middle East & Africa), APAC (Asia, Pacific), Linde Engineering, and Global Other. It offers hydrogen through the Americas, EMEA (Europe, Middle East & Africa), and APAC (Asia Pacific) business segments. It serves customers from the healthcare, petroleum refining, manufacturing, food & beverage carbonation, fiber optics, aerospace, chemical, electronics, and water treatment verticals. Its products are divided into two main categories: gases and engineering. The company manufactures and distributes atmospheric, medical, and industrial gases, such as hydrogen, helium, oxygen, and synthesis gases, through these categories. Its industrial gases are utilized for many applications, including lifesaving oxygen, specialty gases for electronics manufacturing, and hydrogen for clean fuels.

Air Liquide

Air Liquide is a French multinational company that provides industrial gases and services to various industries, such as pharmaceuticals, chemicals, and electronics. The company is the largest global supplier of industrial gases. It offers services to multiple industries, such as medical, electronics, and chemicals. It operates through six business segments: Industrial Merchant, Large Industries, Healthcare, Electronics, Global Market & Technologies, and Engineering & Construction. It offers hydrogen through its Large Industries business segment.

Hydrogen is the key component produced using electrolysis from renewable energies and biomethane reforming systems. The company focuses on increasing the production of renewable and low-carbon hydrogen. It has set up many hydrogen production units, which use electrolysis techniques, either by investments or joint ventures, to meet customer demands. It operates numerous manufacturing facilities globally, including over 4,000 air separation plants worldwide and a presence in about 75 countries. It has a geographic presence in the Americas, Europe, the Middle East & Africa, and Asia Pacific.

Market Ranking

Based on their market presence, technological strength, and global hydrogen infrastructure initiatives, Linde PLC, Air Liquide, Saudi Arabian Oil Co., Air Products and Chemicals, Inc., and Shell plc stand out as the top five leaders in the hydrogen generation market. Linde plc maintains its leadership through decades of expertise and a strong international footprint, supporting industrial and mobility applications worldwide. Air Liquide reinforces its market position with significant investments in green and low-carbon hydrogen projects across Europe, Asia Pacific, and North America, accelerating the global energy transition. Saudi Arabian Oil Co. leverages its vast energy resources and integrated value chain to advance hydrogen production, focusing particularly on blue hydrogen by integrating carbon capture technologies. Air Products and Chemicals, Inc. strengthens its leadership with its extensive portfolio of large-scale hydrogen production facilities and technological innovations. Shell plc enhances its position through substantial investments in renewable and low-carbon hydrogen projects and strategic partnerships aimed at industrial and transportation sector decarbonization, positioning itself as a key driver of global hydrogen adoption.

Related Reports:

Hydrogen Generation Market by Technology (SMR, ATR, POX, Coal Gasification, Electrolysis), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation), Source (Blue, Green, Gray), Generation & Delivery Mode, Region - Global Forecast to 2030

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