Highlights:
The global market for hydrogen generation is estimated to grow from $166.7 billion in 2023 to reach $271.1 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Asia-Pacific market for hydrogen generation is estimated to grow from $75.0 billion in 2023 to reach $116.6 billion by 2028, at a CAGR of 9.2% from 2023 through 2028.
European market for hydrogen generation is estimated to grow from $37.7 billion in 2023 to reach $68.2 billion by 2028, at a CAGR of 12.6% from 2023 through 2028.
Report Scope:
This report provides an analysis of the global market for hydrogen generation. Using 2022 as the base year, the report provides estimated market data for 2023 through 2028. This report also offers insights on drivers and opportunities for the market, which were gathered through primary and secondary research. It also covers various market factors, including COVID-19 impact, the Russia-Ukraine war, Porter's five forces, use case analysis, and the regulatory landscape. Hydrogen generation from sea water is not taken into consideration while doing this report.
The report has been prepared in a simple, easy-to-understand format, with some tables and charts/figures. The report's scope includes a detailed study of global and regional markets for sources, technology, application, and delivery mode. The qualitative and quantitative data of all segments are provided in the report. The report examines each segment, determines its current market size, and estimates its future market size with compound annual growth rates (CAGR).
The report also provides detailed profiles of the significant hydrogen generation players and their strategies to enhance their market presence. The report also includes a competitive landscape chapter that discusses the market ecosystem of the top hydrogen generation provider in 2022.
Report Includes:
- 61 data tables and 46 additional tables
- An overview and in-depth analysis of the global market for hydrogen generation technology
- Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the actual market size and revenue forecast for the hydrogen generation market in USD millions, and a corresponding market share analysis based on type, technology, source, delivery mode, application and region
- In-depth information (facts and figures) concerning the market drivers, challenges, opportunities and prospects, as well as the technologies, regulatory scenarios and the impacts of COVID-19 and the Russia-Ukraine war
- Discussion of the importance of ESG in the hydrogen generation market, as well as consumer attitudes, risks and opportunities assessment, and ESG practices followed by leading market participants
- Analysis of the market growth opportunities with a holistic review of Porter's Five Forces and value chain analyses, taking into consideration the prevailing micro- and macroeconomic factors in the market
- A look at the major vendors in the global market, and an analysis of the industry structure with respect to company market shares, venture fundings, and recent mergers and acquisitions (M&A) activity
- An analysis of new and existing patents on hydrogen generation
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments, key financials and segmental revenues, and operational integration
- Profiles of the major global players
Table of Contents
Chapter 1 Introduction
- Introduction
- Study Goals and Objectives
- Reasons for Doing This Study
- Scope of Report
- Research Methodology
- Information Sources
- Geographic Breakdown
Chapter 2 Summary and Highlights
- Market Outlook
- Market Summery
Chapter 3 Market Overview
- Introduction
- Evolution of Hydrogen Generation
- Value Chain Analysis
- Input Materials
- Production
- Transport and Storage
- Distribution
- Utilization
- End-of-Life/Recycling
- Porter's Five Forces Model
- Supplier Power
- Buyer Power
- Threat of New Entrants
- Threat of Substitute
- Competitive Rivalry
- Impact of COVID-19 on the Global Market
- Market Contraction and Initial Disruptions
- Supply Chain Disruptions
- Change in Government Priorities
- Accelerated Research and Innovation
- Renewing Government Commitments and Incentives
- Global Partnerships and Collaborations
- Ukraine-Russia War Impact on the Global Market
- Impact on Disruptions in the Supply Chain
- Impact on Investment and Geopolitical Uncertainty
- Impact on Hydrogen Infrastructure Projects
- Impact on Market Dynamics at the Regional and World Levels
- Impact on International Cooperation and Energy Security
- Impact on the Development of Green and Blue Hydrogen Strategies
Chapter 4 Market Dynamics
- Overview
- Key Market Drivers
- Green Hydrogen-Generating Systems are being Developed and Researched Constantly
- Increasing Adoption of Fuel Cell Electric Vehicles
- Growing Demand for Clean Energy
- Reduction of Carbon Emissions
- Market Restraints
- Loss of Energy During the Production of Hydrogen
- Lack of Development in the Hydrogen Infrastructure
- Key Challenges for the Hydrogen Generation Market
- Production of Green Hydrogen Comes at a High Expense
- Hydrogen's Integration into Natural Gas Networks is Difficult
- Market Opportunities
- Hydrogen Becoming an Attractive Fuel Source for Heavy-Duty Applications
- Government Programs to Quicken Deployment of Hydrogen Fueling Stations
- Increased Emphasis on Meeting the Net Zero Emission Goal by 2050
- Short-Term and Long-Term Impact of Market Dynamics
Chapter 5 Market Breakdown by Type
- Overview
- Grey Hydrogen
- Blue Hydrogen
- Green Hydrogen
Chapter 6 Market Breakdown by Source
- Overview
- Natural Gas
- Oil
- Coal
- Coal Gasification to Produce Hydrogen
- Systems with an Integrated Gasification Combined Cycle (IGCC)
- Steam Methane Reforming (SMR) with Coal Pyrolysis
- Carbon Capture and Storage (CCS) with Coal-Based Hydrogen
- Environmental Challenges and Impacts
- Future Opportunities and Research Projects
- Renewable and Grid Electricity
- Solar Energy
- Wind Energy
- Hydropower
- Biomass and Bioenergy
- Geothermal Energy
- Tidal and Wave Energy
- Grid Integration, Electrolysis and Potential Difficulties
Chapter 7 Market Breakdown by Technology
- Overview
- Steam Methane Reforming (SMR)
- Tubular Reforming
- Autothermal Reforming (ATR)
- Combined or Integrated Reforming
- Partial Oxidation (POX)
- Non-Catalytic POX
- Catalytic POX
- Coal Gasification
- Electrolysis
Chapter 8 Market Breakdown by Delivery Mode
- Overview
- Captive
- Merchant
Chapter 9 Market Breakdown by Application
- Overview
- Petroleum Refinery
- Ammonia Production
- Methanol Production
- Others
- Transportation
- Power Generation
Chapter 10 Market Breakdown by Region
- Overview
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- South America
Chapter 11 ESG Development
- Overview
- Importance of ESG in Hydrogen Generation
- Future of ESG with Hydrogen Generation
- Case Study: Examples of Successful Implementation of ESG
- Concluding Remarks from BCC
Chapter 12 Emerging Technologies and Developments
- Introduction
- Current Market Trends
- Emergence of India's Hydrogen Market
- Inflation Reduction Act Will Boost North American Hydrogen Investment
- Transition to Africa's Clean Hydrogen Hub
- Global Policy Changes to Accelerate Final Investment Decisions
- Hydrogen as an Energy Storage Solution
- Emerging and Upcoming Trends in Hydrogen Generation
- Hydrogen Fuel Cells
- Renewable Hydrogen
- Advanced Electrolysis
- X-to-Hydrogen-to-X
- Hydrogen Carriers
Chapter 13 Patent Analysis
Chapter 14 M&A and Venture Funding Outlook
- M&A Analysis
- Startups Funding in Hydrogen Generation
Chapter 15 Competitive Intelligence
- Overview
- Market Share Analysis
- Market Strategy Analysis for Hydrogen Generation
- Agreement
- Partnership
- Expansion
- Investment
- Key Market Developments
- Agreements
- Partnerships
- Investments
- Expansions
Chapter 16 Company Profiles
- Introduction
- AIR LIQUIDE
- AIR PRODUCTS AND CHEMICALS INC.
- CUMMINS INC.
- ENAPTER S.R.L.
- ENGIE
- GREEN HYDROGEN SYSTEMS
- ITM POWER PLC
- IWATANI CORP.
- LINDE PLC
- MCPHY ENERGY S.A.
- NEL ASA
- ORSTED A/S
- PLUG POWER INC.
- SIEMENS AG
- UNIPER SE
Chapter 17 Appendix: Acronyms
- Acronyms Used in This Report