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Hydrogen Generation Market

Report Code EP 2781
Published in Jul, 2025, By MarketsandMarkets™
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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

Overview

The hydrogen generation market is projected to grow from USD 157.81 billion in 2025 to USD 226.37 billion by 2030 at a CAGR of 7.5% during the forecast period.

The market is expected to experience substantial growth as the global demand for clean and sustainable energy solutions intensifies across industrial, transport, and power generation sectors. The transition away from conventional fossil fuels toward low-carbon and renewable energy sources drives the adoption of hydrogen as a versatile and essential energy carrier. Hydrogen production facilities incorporate various advanced technologies, including electrolysis, steam methane reforming (SMR), and coal gasification integrated with carbon capture systems, enabling a reliable and scalable hydrogen supply. The growing recognition of hydrogen as a critical solution for achieving net-zero emission targets, the stringent environmental regulations, and supportive government policies accelerate infrastructure development and production capacity expansion. Furthermore, technological advancements in electrolyzer efficiency, cost reduction, and modular system design enhance the economic viability of green hydrogen.

Hydrogen Generation Market

Attractive Opportunities in the Hydrogen Generation Market

ASIA PACIFIC

Asia Pacific is expected to be the largest market for hydrogen generation, owing to rapid industrialization and significant investments in clean energy infrastructure across countries such as China, India, and Japan.

Ongoing advancements in hydrogen production technologies focus on improving conversion efficiency, reducing production costs, and enabling scalable, low-carbon hydrogen generation.

The growth of emerging hydrogen markets, such as China, Japan, and India, drives the demand for advanced electrolyzers to support large-scale green hydrogen production and industrial decarbonization initiatives.

Growing demand for clean industrial feedstocks and low-emission energy solutions, along with supportive government policies and decarbonization targets, contribute to the expansion of hydrogen generation infrastructure globally.

North America is expected to be the second-largest market for hydrogen generation during the forecast period.

Global Hydrogen Generation Market Dynamics

Driver: Growing emphasis on developing hydrogen economy

Countries worldwide emphasize developing a hydrogen economy as part of their broader strategies to achieve energy transition, climate goals, and economic resilience. Hydrogen, particularly green hydrogen produced using renewable energy, is increasingly viewed as a key solution to decarbonize hard-to-abate sectors, such as steel, cement, chemicals, and heavy transport. To accelerate this transition, various governments have introduced comprehensive plans, policies, subsidies, and incentive schemes to support hydrogen development. For instance,

  • Europe introduced its EU Hydrogen Strategy in 2020, focusing on scaling up hydrogen production and demand, supporting investment, developing infrastructure and markets, advancing research and innovation, and promoting international collaboration. This strategy is reinforced by a range of complementary policies and incentive mechanisms, including the European Green Deal, Renewable Energy Directive III (RED III), and REPowerEU, all of which aim to accelerate the deployment of clean hydrogen across the region.
  • Canada introduced the Clean Hydrogen Investment Tax Credit (CHITC) in 2022, which became effective in 2023. This refundable tax credit applies to eligible clean hydrogen assets acquired and operational between March 28, 2023, and December 31, 2034, and is designed to stimulate investment in qualified hydrogen projects.

Restraint: Energy loss during hydrogen production

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 hydrogen production. 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 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 required 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.

 

Opportunity: Increasing investment in low-emission fuels

Biofuels, hydrogen, and hydrogen-derived fuels are low-emission options crucial for reducing carbon emissions in industries with direct electrification difficulties, such as heavy industry and long-distance transport. These fuels account for a small portion of global final energy consumption. Hydrogen is a particularly clean transportation fuel, producing less carbon dioxide than 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 tons 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 2021–2035. According to the recent government plan, China will produce 100,000 to 200,000 tons 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. According to the IEA, in 2023, global investment in clean energy exceeded USD 1.7 trillion, reflecting a significant shift toward sustainable energy systems. This investment spans renewable power generation, nuclear energy, grid modernization, energy storage, low-emission fuels, energy efficiency improvements, end-use renewables, and electrification technologies. These investments create significant opportunities for hydrogen as a fuel in the hydrogen generation market

Challenge: High cost associated with renewable hydrogen production

Green hydrogen, produced using renewable energy sources including wind, solar, hydropower, or other low-carbon power, is increasingly recognized as a cornerstone for achieving deep decarbonization across energy-intensive and hard-to-abate sectors. Industries such as steel, cement, chemicals, heavy-duty transportation, shipping, and aviation can leverage green hydrogen to reduce carbon footprints and align with global net-zero targets significantly. In addition to reducing emissions, green hydrogen offers strategic benefits such as enhancing energy security and supporting the integration of variable renewable energy into national grids. Despite its environmental benefits, the commercial viability of green hydrogen remains a major challenge. The cost of green hydrogen is approximately two to four times higher than that of grey hydrogen, which is derived from fossil fuels without carbon capture. Several factors contribute to this disparity, including the high capital expenditure required for electrolyzer systems, the limited and uneven availability of low-cost renewable electricity, and the underdeveloped hydrogen production, storage, and distribution infrastructure. These economic and logistical hurdles continue to hinder the widespread adoption of green hydrogen and restrict its contribution to the global energy transition.

Global Hydrogen Generation Market Ecosystem Analysis

Key players in the hydrogen generation market include Linde plc (Ireland), Air Liquide (France), Saudi Arabian Oil Co. (Saudi Arabia), Air Products and Chemicals, Inc. (US), and Shell plc (UK). These prominent companies are renowned for their reliability and financial stability as hydrogen providers. They offer a range of products, cutting-edge technology, extensive experience, and robust global sales and marketing networks. Their proven track record in the industry makes them trusted and knowledgeable partners for clients seeking hydrogen producers. These companies proved they can still deliver good products and services under the changing market dynamics.

Top Companies in Hydrogen Generation Market

Note: The above diagram only shows the representation of the Hydrogen Generation Market ecosystem; it is not limited to the companies represented above.
Source: Secondary Research and MarketsandMarkets Analysis

 

Transportation segment to exhibit highest CAGR during forecast period

The transportation segment is projected to be the fastest-growing application in the hydrogen generation market during the forecast period. This growth is primarily fueled by the rising adoption of hydrogen fuel cell technologies across various mobility segments, including passenger vehicles, buses, trucks, trains, marine vessels, and even aviation. Hydrogen fuel cells offer unique advantages, such as high energy density, quick refueling times, and longer operational ranges, compared with battery electric vehicles, making them particularly attractive for heavy-duty and long-distance applications where minimizing downtime is critical. Stringent global emission regulations and ambitious climate targets set by governments and international organizations accelerate the transition toward zero-emission transportation solutions. National hydrogen roadmaps and supportive policy frameworks encourage large-scale investments in hydrogen infrastructure, including refueling networks and production facilities. These initiatives also provide financial incentives and subsidies to adopt hydrogen-powered solutions.

Furthermore, continuous technological advancements in fuel cell efficiency and durability enhance the commercial viability of hydrogen-powered vehicles. Collaborative efforts among automotive OEMs, energy companies, and technology providers strengthen the hydrogen mobility ecosystem and foster global partnerships. As the need for clean and reliable transportation intensifies, hydrogen is poised to play a pivotal role in enabling deep decarbonization and supporting sustainable mobility, thereby driving substantial growth in the segment.

Steam methane reforming segment to capture the largest market share from 2025 to 2030

The steam methane reforming segment is projected to dominate the hydrogen generation market during the forecast period. This dominance is driven by SMR’s cost-effectiveness, technological maturity, and ability to produce hydrogen at a large scale to meet industrial demand. SMR is widely adopted in the refinery, chemical, and fertilizer industries due to its reliable supply capabilities and integration with existing natural gas infrastructure. Additionally, advancements in carbon capture and storage (CCS) enhance the environmental performance of SMR, supporting its continued use. Government support and increasing global hydrogen demand further reinforce SMR’s leadership in the hydrogen generation market. Despite the rapid growth of green hydrogen, SMR continues to be widely utilized for large-scale and cost-sensitive applications, particularly in regions with abundant natural gas resources. The flexibility to retrofit existing SMR plants with CCS technologies allows operators to reduce CO2 emissions while leveraging established assets, making it a practical transition toward lower-carbon hydrogen production. Strong industrial partnerships and ongoing investments in blue hydrogen projects, which combine SMR with CCS, highlight SMR’s evolving role in supporting global decarbonization goals. These factors collectively ensure SMR’s sustained relevance and competitiveness in the hydrogen generation market throughout the forecast period.

Asia Pacific to exhibit highest CAGR in hydrogen generation market between 2025 and 2030

Asia Pacific is projected to witness the highest CAGR in the hydrogen generation market during the forecast period, driven by rapid industrial growth, urbanization, and strong efforts to decarbonize energy systems. Countries such as China, Japan, South Korea, and India make significant investments in hydrogen production infrastructure to support cleaner industrial processes and reduce reliance on fossil fuels. Supportive government policies, national hydrogen strategies, and robust funding for renewable and low-carbon hydrogen projects accelerate market expansion. Additionally, rising demand from refining, chemical, and mobility applications further strengthens the region’s leadership. The focus on developing large-scale green and blue hydrogen projects creates a dynamic market landscape. In particular, China’s ambitious targets to become a global leader in hydrogen technology and Japan’s push for a “hydrogen society” highlight Asia Pacific’s commitment to the clean energy transition. Furthermore, increasing collaboration between public and private stakeholders fosters technological innovation and scaling up infrastructure deployment across production, storage, and distribution networks. As a result, Asia Pacific is expected to play a pivotal role in driving global hydrogen adoption, solidifying its position as the most influential and rapidly advancing market.

HIGHEST CAGR (2025-2030)
CHINA LARGEST-GROWING MARKET IN REGION
Hydrogen Generation Market by region

Recent Developments of Hydrogen Generation Market

  • In June 2025, Centrica entered an agreement with Equinor for a USD 25.6 billion natural gas supply deal spanning 10 years, from 2025 to 2035. Under this agreement, Equinor will deliver around 5 billion cubic metres of natural gas annually to the UK, enough to meet the heating needs of approximately 5 million homes or about 8–10% of the country’s total demand.
  • In May 2025, Uniper SE entered a strategic partnership with thyssenkrupp Uhde to develop a cutting-edge ammonia cracker, designed to convert imported ammonia into hydrogen and nitrogen at its Gelsenkirchen-Scholven site. This cooperation will see the construction of one of the world’s first demonstration plants (processing around 28?t/day of ammonia) and serves as a critical first step toward a planned large-scale hydrogen import terminal in Wilhelmshaven.
  • In March 2025, JERA Co., Inc. entered a collaboration with Exxon Mobil Corporation, to jointly explore the development of a large-scale low-carbon hydrogen and ammonia production facility at ExxonMobil’s Baytown Complex near Houston, Texas. Under this agreement, JERA Co., Inc. may take ownership of the project and intends to secure approximately 500,000?tonnes per year of low-carbon ammonia for supply to Japan.
  • In December 2024, Saudi Arabian Oil Co. entered a shareholders’ agreement with Linde plc and SLB to develop one of the world’s largest carbon capture and storage (CCS) hubs in Jubail, Saudi Arabia. In this deal, Aramco will hold a 60% stake, while Linde and SLB will each hold 20%. The project aims to capture and store up to 9 million tons of CO2 annually by 2027 through a network of pipelines and underground storage in a saline aquifer. This CCS hub is also designed to support Aramco’s blue hydrogen and ammonia programs by providing the carbon capture infrastructure needed to produce low-carbon fuels.

Key Market Players

List of Top Hydrogen Generation Market Companies

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 are

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Scope of the Report

Report Attribute Details
Market size available for years 2020–2030
Base year considered 2024
Forecast period 2025–2030
Forecast units Value (USD Million/Billion), Volume (Thousand Metric Tons)
Segments Covered Source, Application, Technology, Generation and Delivery Mode, and Region
Regions covered North America, Europe, Asia Pacific, the Middle East,  Africa, and South America

Key Questions Addressed by the Report

What was the size of the hydrogen generation market?

The size of the hydrogen generation market was USD 146.24 billion in 2024.

What are the major drivers for the hydrogen generation market?

Enforcement of stringent policies to curb greenhouse gas emissions and supportive government policies are the major drivers for the hydrogen generation market.

Which is the largest market for the hydrogen generation market during the forecast period?

Asia Pacific is the largest market for hydrogen generation. Government policies and national strategies, emerging mobility and power applications, and a strong industrial base position the region as a dominant force in the market.

Which is expected to be the largest market, by technology, of the hydrogen generation market during the forecast period?

Steam methane reforming (SMR) is expected to be the largest market, by technology, in the hydrogen generation market during the forecast period.

Which is expected to be the largest market, by application, of the hydrogen generation market during the forecast period?

Petroleum refinery is expected to be the largest market, by application, in the hydrogen generation market during the forecast period.

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
31
RESEARCH METHODOLOGY
37
EXECUTIVE SUMMARY
49
PREMIUM INSIGHTS
54
MARKET OVERVIEW
58
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Enforcement of stringent regulations to curb greenhouse gas emissions
    - Government initiatives for developing hydrogen economy
    - Growing demand for ammonia in agriculture sector
    RESTRAINTS
    - Energy loss during hydrogen production
    - Limited hydrogen infrastructure
    OPPORTUNITIES
    - Rising emphasis on achieving net-zero carbon emission targets
    - Increasing investment in low-emission fuels
    - Growing demand for low-carbon transportation fuels
    CHALLENGES
    - High costs associated with renewable hydrogen production
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    PRICING RANGE OF HYDROGEN, BY TECHNOLOGY, 2024
    PRICING RANGE OF HYDROGEN, BY SOURCE, 2024
  • 5.5 SUPPLY CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 TRADE ANALYSIS
    IMPORT SCENARIO (HS CODE 280410)
    EXPORT SCENARIO (HS CODE 280410)
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Steam methane reforming (SMR)
    - Partial oxidation
    - Coal gasification
    - Electrolysis
    COMPLEMENTARY TECHNOLOGIES
    - Carbon capture, utilization, and storage (CCUS)
  • 5.9 CASE STUDY ANALYSIS
    HYBRIT INITIATIVE HELPS TRANSFORM STEEL PRODUCTION WITH FOSSIL-FREE GREEN HYDROGEN IN SWEDEN
    NATIONAL RENEWABLE ENERGY LABORATORY AND ELECTRIC HYDROGEN PARTNER TO DEVELOP HIGH-PERFORMANCE ELECTROLYZER COMPONENTS
    RWE TESTS SUNFIRE’S ELECTROLYSIS TECHNOLOGIES TO GENERATE GREEN HYDROGEN
  • 5.10 KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.11 PATENT ANALYSIS
  • 5.12 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATORY FRAMEWORKS/POLICIES
  • 5.13 PORTER’S FIVE FORCES ANALYSIS
    THREAT OF NEW ENTRANTS
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.14 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
  • 5.15 IMPACT OF AI/GEN AI ON HYDROGEN GENERATION MARKET
  • 5.16 IMPACT OF 2025 US TARIFF ON HYDROGEN GENERATION MARKET
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON COUNTRIES/REGIONS
    - US
    - Europe
    - Asia Pacific
    IMPACT ON APPLICATIONS
HYDROGEN GENERATION MARKET, BY TECHNOLOGY
96
  • 6.1 INTRODUCTION
  • 6.2 STEAM METHANE REFORMING (SMR)
    EMERGENCE AS COST-EFFECTIVE METHOD OF HYDROGEN PRODUCTION TO FOSTER SEGMENTAL GROWTH
  • 6.3 PARTIAL OXIDATION (POX)
    USE IN AUTOMOBILE FUEL CELLS AND OTHER COMMERCIAL APPLICATIONS TO BOOST SEGMENTAL GROWTH
  • 6.4 AUTO THERMAL REFORMING (ATR)
    STRONG FOCUS ON PRODUCING ADVANCED BIOFUELS TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 6.5 COAL GASIFICATION
    NEED TO REDUCE RELIANCE ON IMPORTED NATURAL GAS TO FUEL SEGMENTAL GROWTH
  • 6.6 ELECTROLYSIS
    EMPHASIS ON INCREASING ENERGY EFFICIENCY OF HYDROGEN GENERATION PROCESS TO AUGMENT SEGMENTAL GROWTH
    ALKALINE ELECTROLYSIS
    PROTON-EXCHANGE MEMBRANE ELECTROLYSIS
    SOLID OXIDE ELECTROLYSIS
    ANION-EXCHANGE MEMBRANE ELECTROLYSIS
HYDROGEN GENERATION MARKET, BY SOURCE
107
  • 7.1 INTRODUCTION
  • 7.2 BLUE HYDROGEN
    LOW CARBON DIOXIDE PRODUCTION BENEFITS TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 7.3 GRAY HYDROGEN
    IMPOSITION OF STRICT CARBON CAPS ON INDUSTRIES TO ACCELERATE SEGMENTAL GROWTH
  • 7.4 GREEN HYDROGEN
    DEPLOYMENT OF RENEWABLE POWER GENERATION TECHNOLOGIES TO DRIVE MARKET
HYDROGEN GENERATION MARKET, BY GENERATION & DELIVERY MODE
116
  • 8.1 INTRODUCTION
  • 8.2 CAPTIVE
    NEED TO REDUCE DEPENDENCE ON EXTERNAL HYDROGEN SUPPLY CHAINS TO ACCELERATE SEGMENTAL GROWTH
  • 8.3 MERCHANT
    BY DELIVERY MODE
    - Liquid on-site plant & pipeline
    - Bulk & cylinder (gaseous form)
    - Bulk (liquid form)
    - Small on-site
    BY STATE
    - Gas
    - Liquid
HYDROGEN GENERATION MARKET, BY APPLICATION
130
  • 9.1 INTRODUCTION
  • 9.2 PETROLEUM REFINERY
    INCREASING USE OF HYDROGEN TO REDUCE SULFUR CONTENT IN DIESEL FUEL TO BOOST SEGMENTAL GROWTH
  • 9.3 AMMONIA PRODUCTION
    RISING NEED FOR AMMONIA IN NITROGEN-BASED FERTILISERS TO FUEL SEGMENTAL GROWTH
  • 9.4 METHANOL PRODUCTION
    SURGING DEMAND FOR TRANSPORTATION FUEL AND ELECTRICITY TO AUGMENT SEGMENTAL GROWTH
  • 9.5 TRANSPORTATION
    GROWING CONSUMPTION OF FUEL-CELL ELECTRIC VEHICLES TO SUPPORT MARKET GROWTH
  • 9.6 POWER GENERATION
    INCREASING RELIANCE ON BACKUP POWER SOURCES TO CONTRIBUTE TO SEGMENTAL GROWTH
  • 9.7 OTHER APPLICATIONS
    HYDROGEN GENERATION MARKET, BY REGION
HYDROGEN GENERATION MARKET, BY REGION
146
  • 10.1 INTRODUCTION
  • 10.2 NORTH AMERICA
    US
    - Increasing hydrogen use in petroleum refinery and chemical manufacturing to drive market
    CANADA
    - Rising development of low-carbon hydrogen to support decarbonization strategies to fuel market growth
    MEXICO
    - Increasing ammonia and green hydrogen Initiatives to accelerate market growth
  • 10.3 ASIA PACIFIC
    JAPAN
    - Strong ambitious targets and heavy infrastructure investment to accelerate market growth
    CHINA
    - Increasing ammonia production to modernize agriculture to drive market
    INDIA
    - Shifting focus toward renewable hydrogen to contribute to market growth
    AUSTRALIA
    - Strong presence of renewable energy resources to bolster market growth
    SOUTH KOREA
    - Ambitious carbon neutrality goals to contribute to market growth
    REST OF ASIA PACIFIC
  • 10.4 EUROPE
    GERMANY
    - Strong focus on producing low-carbon green hydrogen to boost market growth
    UK
    - Growing focus on supporting conventional hydrogen production to augment market growth
    FRANCE
    - Rapid transition to low-carbon alternatives in industries to fuel market growth
    RUSSIA
    - Increasing oil export and natural gas production to contribute to market growth
    REST OF EUROPE
  • 10.5 SOUTH AMERICA
    BRAZIL
    - Increasing electricity generation using renewable energy to foster market growth
    ARGENTINA
    - Rapid transition to low-carbon energy sources for industrial decarbonization to augment market growth
    REST OF SOUTH AMERICA
  • 10.6 MIDDLE EAST
    GCC
    - Saudi Arabia
    - Qatar
    - UAE
    IRAN
    - High demand for refined petroleum products to contribute to market growth
    REST OF MIDDLE EAST
  • 10.7 AFRICA
    SOUTH AFRICA
    - Growing investment in hydrogen and green ammonia for energy transition to boost market growth
    REST OF AFRICA
COMPETITIVE LANDSCAPE
233
  • 11.1 OVERVIEW
  • 11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2025
  • 11.3 MARKET SHARE ANALYSIS, 2024
  • 11.4 REVENUE ANALYSIS, 2020–2024
  • 11.5 COMPANY VALUATION AND FINANCIAL METRICS
  • 11.6 PRODUCT COMPARISON
  • 11.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Region footprint
    - Source footprint
    - Application footprint
    - Technology footprint
  • 11.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 11.9 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES
    DEALS
    EXPANSIONS
    OTHER DEVELOPMENTS
COMPANY PROFILES
256
  • 12.1 KEY PLAYERS
    LINDE PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AIR LIQUIDE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SAUDI ARABIAN OIL CO.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    AIR PRODUCTS AND CHEMICALS, INC.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    SHELL PLC
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    - MnM view
    ENGIE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    CHEVRON CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    ØRSTED A/S
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    MESSER SE & CO. KGAA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EQUINOR ASA
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    UNIPER SE
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    EXXON MOBIL CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    BP P.L.C.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    IWATANI CORPORATION
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    PETROLIAM NASIONAL BERHAD (PETRONAS)
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
    IBERDROLA, S.A.
    - Business overview
    - Products/Solutions/Services offered
    - Recent developments
  • 12.2 OTHER PLAYERS
    PLUG POWER INC.
    REPSOL
    AKER ASA
    RELIANCE INDUSTRIES LIMITED
    MATHESON TRI-GAS, INC.
    LHYFE
    HIRINGA ENERGY LTD
    BAYOTECH
    HYGEAR
APPENDIX
329
  • 13.1 INSIGHTS OF INDUSTRY EXPERTS
  • 13.2 DISCUSSION GUIDE
  • 13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.4 CUSTOMIZATION OPTIONS
  • 13.5 RELATED REPORTS
  • 13.6 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 INCLUSIONS AND EXCLUSIONS
  • TABLE 2 LIST OF KEY SECONDARY SOURCES
  • TABLE 3 LIST OF PRIMARY INTERVIEW PARTICIPANTS
  • TABLE 4 KEY DATA FROM PRIMARY SOURCES
  • TABLE 5 HYDROGEN GENERATION MARKET: RISKS ANALYSIS
  • TABLE 6 MARKET SNAPSHOT
  • TABLE 7 PRICING RANGE OF HYDROGEN, BY TECHNOLOGY, 2024 (USD/TON)
  • TABLE 8 PRICING RANGE OF HYDROGEN, BY SOURCE, 2024 (USD/KG)
  • TABLE 9 ROLE OF COMPANIES IN HYDROGEN GENERATION ECOSYSTEM
  • TABLE 10 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2022 (USD THOUSAND)
  • TABLE 11 EXPORT DATA FOR HS CODE 280410, BY COUNTRY, 2022–2024 (USD THOUSAND)
  • TABLE 12 LIST OF CONFERENCES AND EVENTS, 2025–2026
  • TABLE 13 LIST OF MAJOR PATENTS, 2019–2024
  • TABLE 14 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 15 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 16 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 17 MIDDLE EAST: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 18 AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 19 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 20 IMPACT OF PORTER’S FIVE FORCES ANALYSIS
  • TABLE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS(%)
  • TABLE 22 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • TABLE 23 US-ADJUSTED RECIPROCAL TARIFF RATES
  • TABLE 24 EXPECTED CHANGE IN PRICES AND LIKELY IMPACT ON END-USE MARKETS DUE TO TARIFF IMPACT
  • TABLE 25 MARKET, BY TECHNOLOGY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 26 MARKET, BY TECHNOLOGY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 27 MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
  • TABLE 28 MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
  • TABLE 29 HYDROGEN GENERATION TECHNOLOGY COMPARISON
  • TABLE 30 ELECTROLYSIS TECHNOLOGY COMPARISON
  • TABLE 31 MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 32 MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 33 MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 34 MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 35 BLUE HYDROGEN: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 36 BLUE HYDROGEN: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 37 BLUE HYDROGEN: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 38 BLUE HYDROGEN: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 39 GRAY HYDROGEN: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 40 GRAY HYDROGEN: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 41 GRAY HYDROGEN: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 42 GRAY HYDROGEN: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 43 GREEN HYDROGEN: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 44 GREEN HYDROGEN: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 45 GREEN HYDROGEN: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 46 GREEN HYDROGEN: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 47 MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 48 MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 49 MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 50 MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 51 CAPTIVE: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 52 CAPTIVE: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 53 CAPTIVE: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 54 CAPTIVE: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 55 MERCHANT: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 56 MERCHANT: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 57 MERCHANT: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 58 MERCHANT: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 59 MERCHANT: MARKET, BY DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 60 MERCHANT: MARKET, BY DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 61 MERCHANT: MARKET, BY DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 62 MERCHANT: MARKET, BY DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 63 MERCHANT: MARKET, BY STATE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 64 MERCHANT: MARKET, BY STATE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 65 MERCHANT: MARKET FOR GAS, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 66 MERCHANT: MARKET FOR GAS, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 67 MERSCHANT: MARKET FOR LIQUID, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 68 MERCHANT: MARKET FOR LIQUID, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 69 MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 70 MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 71 MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 72 MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 73 PETROLEUM REFINERY: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 74 PETROLEUM REFINERY: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 75 PETROLEUM REFINERY: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 76 PETROLEUM REFINERY: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 77 AMMONIA PRODUCTION: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 78 AMMONIA PRODUCTION: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 79 AMMONIA PRODUCTION: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 80 AMMONIA PRODUCTION: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 81 METHANOL PRODUCTION: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 82 METHANOL PRODUCTION: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 83 METHANOL PRODUCTION: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 84 METHANOL PRODUCTION: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 85 TRANSPORTATION: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 86 TRANSPORTATION: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 87 TRANSPORTATION: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 88 TRANSPORTATION: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 89 POWER GENERATION: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 90 POWER GENERATION: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 91 POWER GENERATION: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 92 POWER GENERATION: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 93 OTHER APPLICATIONS: MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 94 OTHER APPLICATIONS: MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 95 OTHER APPLICATIONS: MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 96 OTHER APPLICATIONS: MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 97 MARKET, BY REGION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 98 MARKET, BY REGION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 99 MARKET, BY REGION, 2020–2024 (USD MILLION)
  • TABLE 100 MARKET, BY REGION, 2025–2030 (USD MILLION)
  • TABLE 101 NORTH AMERICA: MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 102 NORTH AMERICA: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 103 NORTH AMERICA: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 104 NORTH AMERICA: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 105 NORTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 106 NORTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 107 NORTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 108 NORTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 109 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 110 NORTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 111 NORTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 112 NORTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 113 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 114 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 115 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 116 NORTH AMERICA: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 117 US: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 118 US: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 119 US: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 120 US: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 121 CANADA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 122 CANADA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 123 CANADA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 124 CANADA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 125 MEXICO: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 126 MEXICO: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 127 MEXICO: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 128 MEXICO: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 129 ASIA PACIFIC: MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 130 ASIA PACIFIC: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 131 ASIA PACIFIC: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 132 ASIA PACIFIC: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 133 ASIA PACIFIC: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 134 ASIA PACIFIC: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 135 ASIA PACIFIC: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 136 ASIA PACIFIC: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 137 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 138 ASIA PACIFIC: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 139 ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 140 ASIA PACIFIC: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 141 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 142 ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 143 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 144 ASIA PACIFIC: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 145 JAPAN: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 146 JAPAN: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 147 JAPAN: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 148 JAPAN: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 149 CHINA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 150 CHINA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 151 CHINA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 152 CHINA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 153 INDIA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 154 INDIA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 155 INDIA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 156 INDIA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 157 AUSTRALIA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 158 AUSTRALIA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 159 AUSTRALIA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 160 AUSTRALIA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 161 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 162 SOUTH KOREA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 163 SOUTH KOREA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 164 SOUTH KOREA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 165 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 166 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 167 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 168 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 169 EUROPE: MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 170 EUROPE: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 171 EUROPE: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 172 EUROPE: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 173 EUROPE: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 174 EUROPE: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 175 EUROPE: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 176 EUROPE: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 177 EUROPE: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 178 EUROPE: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 179 EUROPE: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 180 EUROPE: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 181 EUROPE: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 182 EUROPE: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 183 EUROPE: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 184 EUROPE: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 185 GERMANY: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 186 GERMANY: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 187 GERMANY: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 188 GERMANY: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 189 UK: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 190 UK: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 191 UK: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 192 UK: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 193 FRANCE: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 194 FRANCE: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 195 FRANCE: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 196 FRANCE: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 197 RUSSIA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 198 RUSSIA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 199 RUSSIA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 200 RUSSIA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 201 REST OF EUROPE: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 202 REST OF EUROPE: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 203 REST OF EUROPE: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 204 REST OF EUROPE: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 205 SOUTH AMERICA: MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 206 SOUTH AMERICA: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 207 SOUTH AMERICA: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 208 SOUTH AMERICA: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 209 SOUTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 210 SOUTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 211 SOUTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 212 SOUTH AMERICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 213 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 214 SOUTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 215 SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 216 SOUTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 217 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 218 SOUTH AMERICA: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 219 SOUTH AMERICA: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 220 SOUTH AMERICA: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 221 BRAZIL: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 222 BRAZIL: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 223 BRAZIL: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 224 BRAZIL: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 225 ARGENTINA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 226 ARGENTINA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 227 ARGENTINA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 228 ARGENTINA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 229 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 230 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 231 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 232 REST OF SOUTH AMERICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 233 MIDDLE EAST: MARKET, BY SOURCE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 234 MIDDLE EAST: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 235 MIDDLE EAST: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 236 MIDDLE EAST: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 237 MIDDLE EAST: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 238 MIDDLE EAST: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 239 MIDDLE EAST: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 240 MIDDLE EAST: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 241 MIDDLE EAST: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 242 MIDDLE EAST: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 243 MIDDLE EAST: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 244 MIDDLE EAST: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 245 MIDDLE EAST: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 246 MIDDLE EAST: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 247 MIDDLE EAST: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 248 MIDDLE EAST: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 249 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 250 SAUDI ARABIA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 251 SAUDI ARABIA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 252 SAUDI ARABIA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 253 QATAR: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 254 QATAR: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 255 QATAR: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 256 QATAR: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 257 UAE: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 258 UAE: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 259 UAE: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 260 UAE: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 261 IRAN: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 262 IRAN: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 263 IRAN: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 264 IRAN: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 265 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 266 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 267 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 268 REST OF MIDDLE EAST: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 269 AFRICA: MARKET, BY SOURCE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 270 AFRICA: MARKET, BY SOURCE, 2020–2024 (USD MILLION)
  • TABLE 271 AFRICA: MARKET, BY SOURCE, 2025–2030 (USD MILLION)
  • TABLE 272 AFRICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 273 AFRICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 274 AFRICA: MARKET, BY GENERATION & DELIVERY MODE, 2020–2024 (USD MILLION)
  • TABLE 275 AFRICA: MARKET, BY GENERATION & DELIVERY MODE, 2025–2030 (USD MILLION)
  • TABLE 276 AFRICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 277 AFRICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 278 AFRICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 279 AFRICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 280 AFRICA: MARKET, BY COUNTRY, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 281 AFRICA: MARKET, BY COUNTRY, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 282 AFRICA: MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
  • TABLE 283 AFRICA: MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
  • TABLE 284 SOUTH AFRICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 285 SOUTH AFRICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 286 SOUTH AFRICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 287 SOUTH AFRICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 288 REST OF AFRICA: MARKET, BY APPLICATION, 2020–2024 (THOUSAND METRIC TONS)
  • TABLE 289 REST OF AFRICA: MARKET, BY APPLICATION, 2025–2030 (THOUSAND METRIC TONS)
  • TABLE 290 REST OF AFRICA: MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
  • TABLE 291 REST OF AFRICA: MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
  • TABLE 292 MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, JANUARY 2020–JULY 2025
  • TABLE 293 MARKET: DEGREE OF COMPETITION, 2024
  • TABLE 294 MARKET: REGION FOOTPRINT
  • TABLE 295 MARKET: SOURCE FOOTPRINT
  • TABLE 296 MARKET: APPLICATION FOOTPRINT
  • TABLE 297 MARKET: TECHNOLOGY FOOTPRINT
  • TABLE 298 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 299 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 300 MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2025
  • TABLE 301 MARKET: DEALS, JANUARY 2020–JULY 2025
  • TABLE 302 MARKET: EXPANSIONS, JANUARY 2020–JULY 2025
  • TABLE 303 MARKET: OTHER DEVELOPMENTS, JANUARY 2020–JULY 2025
  • TABLE 304 LINDE PLC: COMPANY OVERVIEW
  • TABLE 305 LINDE PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 306 LINDE PLC: DEALS
  • TABLE 307 LINDE PLC: EXPANSIONS
  • TABLE 308 AIR LIQUIDE: COMPANY OVERVIEW
  • TABLE 309 AIR LIQUIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 310 AIR LIQUIDE: DEALS
  • TABLE 311 AIR LIQUIDE: EXPANSIONS
  • TABLE 312 AIR LIQUIDE: OTHER DEVELOPMENTS
  • TABLE 313 SAUDI ARABIAN OIL CO.: COMPANY OVERVIEW
  • TABLE 314 SAUDI ARABIAN OIL CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 315 SAUDI ARABIAN OIL CO.: DEALS
  • TABLE 316 SAUDI ARABIAN OIL CO.: EXPANSIONS
  • TABLE 317 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY OVERVIEW
  • TABLE 318 AIR PRODUCTS AND CHEMICALS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 319 AIR PRODUCTS AND CHEMICALS, INC.: DEALS
  • TABLE 320 AIR PRODUCTS AND CHEMICALS, INC.: OTHER DEVELOPMENTS
  • TABLE 321 SHELL PLC: COMPANY OVERVIEW
  • TABLE 322 SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 323 SHELL PLC: DEALS
  • TABLE 324 SHELL PLC: EXPANSIONS
  • TABLE 325 SHELL PLC: OTHER DEVELOPMENTS
  • TABLE 326 ENGIE: COMPANY OVERVIEW
  • TABLE 327 ENGIE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 328 ENGIE: DEALS
  • TABLE 329 CHEVRON CORPORATION: COMPANY OVERVIEW
  • TABLE 330 CHEVRON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 331 CHEVRON CORPORATION: DEALS
  • TABLE 332 ØRSTED A/S: COMPANY OVERVIEW
  • TABLE 333 ØRSTED A/S: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 334 ØRSTED A/S: DEALS
  • TABLE 335 ØRSTED A/S: EXPANSIONS
  • TABLE 336 MESSER SE & CO. KGAA: COMPANY OVERVIEW
  • TABLE 337 MESSER SE & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 338 MESSER SE & CO. KGAA: DEALS
  • TABLE 339 EQUINOR ASA: COMPANY OVERVIEW
  • TABLE 340 EQUINOR ASA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 341 EQUINOR ASA: PRODUCT LAUNCHES
  • TABLE 342 EQUINOR ASA: DEALS
  • TABLE 343 UNIPER SE: COMPANY OVERVIEW
  • TABLE 344 UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 345 UNIPER SE: DEALS
  • TABLE 346 UNIPER SE: OTHER DEVELOPMENTS
  • TABLE 347 EXXON MOBIL CORPORATION: COMPANY OVERVIEW
  • TABLE 348 EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 349 EXXON MOBIL CORPORATION: DEALS
  • TABLE 350 BP P.L.C.: COMPANY OVERVIEW
  • TABLE 351 BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 352 BP P.L.C.: DEALS
  • TABLE 353 BP P.L.C.: OTHERS DEVELOPMENTS
  • TABLE 354 IWATANI CORPORATION: COMPANY OVERVIEW
  • TABLE 355 IWATANI CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 356 IWATANI CORPORATION: DEALS
  • TABLE 357 IWATANI CORPORATION: EXPANSIONS
  • TABLE 358 PETROLIAM NASIONAL BERHAD (PETRONAS): COMPANY OVERVIEW
  • TABLE 359 PETROLIAM NASIONAL BERHAD (PETRONAS): PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 360 PETROLIAM NASIONAL BERHAD (PETRONAS): DEALS
  • TABLE 361 PETROLIAM NASIONAL BERHAD (PETRONAS): OTHER DEVELOPMENTS
  • TABLE 362 IBERDROLA, S.A.: COMPANY OVERVIEW
  • TABLE 363 IBERDROLA, S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
  • TABLE 364 IBERDROLA, S.A.: DEALS
  • TABLE 365 IBERDROLA, S.A.: OTHER DEVELOPMENTS
  • TABLE 366 PLUG POWER INC.: COMPANY OVERVIEW
  • TABLE 367 REPSOL: COMPANY OVERVIEW
  • TABLE 368 AKER ASA: COMPANY OVERVIEW
  • TABLE 369 RELIANCE INDUSTRIES LIMITED: COMPANY OVERVIEW
  • TABLE 370 MATHESON TRI-GAS, INC.: COMPANY OVERVIEW
  • TABLE 371 LHYFE: COMPANY OVERVIEW
  • TABLE 372 HIRINGA ENERGY LTD: COMPANY OVERVIEW
  • TABLE 373 BAYOTECH: COMPANY OVERVIEW
  • TABLE 374 HYGEAR: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 HYDROGEN GENERATIONMARKET SEGMENTATION AND REGIONAL SCOPE
  • FIGURE 2 HYDROGEN GENERATION MARKET: RESEARCH DESIGN
  • FIGURE 3 KEY DATA FROM SECONDARY SOURCES
  • FIGURE 4 KEY INDUSTRY INSIGHTS
  • FIGURE 5 BREAKDOWN OF PRIMARIES
  • FIGURE 6 MARKET: BOTTOM-UP APPROACH
  • FIGURE 7 MARKET: TOP-DOWN APPROACH
  • FIGURE 8 MARKET: DEMAND-SIDE ANALYSIS
  • FIGURE 9 KEY METRICS CONSIDERED TO ANALYZE DEMAND FOR HYDROGEN GENERATION SOLUTIONS
  • FIGURE 10 KEY METRICS CONSIDERED TO ANALYZE SUPPLY OF HYDROGEN GENERATION SOLUTIONS
  • FIGURE 11 MARKET: SUPPLY-SIDE ANALYSIS
  • FIGURE 12 MARKET: DATA TRIANGULATION
  • FIGURE 13 MARKET: RESEARCH LIMITATIONS
  • FIGURE 14 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2024
  • FIGURE 15 PETROLEUM REFINERY SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 16 GRAY HYDROGEN SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET IN 2030
  • FIGURE 17 STEAM METHANE REFORMING (SMR) SEGMENT TO HOLD LARGEST SHARE OF MARKET IN 2030
  • FIGURE 18 MERCHANT SEGMENT TO EXHIBIT HIGHER CAGR BETWEEN 2025 AND 2030
  • FIGURE 19 RISING FOCUS ON CURBING GREENHOUSE GAS EMISSIONS FROM HYDROGEN PRODUCTION PROCESSES TO CONTRIBUTE TO MARKET GROWTH
  • FIGURE 20 ASIA PACIFIC HYDROGEN GENERATION MARKET TO RECORD HIGHEST CAGR FROM 2025 TO 2030
  • FIGURE 21 CAPTIVE SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC HYDROGEN GENERATION MARKET IN 2024
  • FIGURE 22 STEAM METHANE REFORMING (SMR) SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2030
  • FIGURE 23 GRAY HYDROGEN SEGMENT HELD LARGEST SHARE OF HYDROGEN GENERATION MARKET IN 2030
  • FIGURE 24 CAPTIVE SEGMENT CAPTURED LARGEST SHARE OF HYDROGEN GENERATION MARKET IN 2030
  • FIGURE 25 PETROLEUM REFINERY SEGMENT HELD LARGEST MARKET SHARE IN 2030
  • FIGURE 26 MARKET DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 27 GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2023
  • FIGURE 28 AMMONIA DEMAND STRUCTURE, 2024
  • FIGURE 29 CUMULATIVE EMISSION REDUCTION, BY MITIGATION MEASURE, 2021–2050
  • FIGURE 30 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • FIGURE 31 SUPPLY CHAIN ANALYSIS
  • FIGURE 32 HYDROGEN GENERATION ECOSYSTEM
  • FIGURE 33 IMPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2022–2024
  • FIGURE 34 EXPORT DATA FOR HS CODE 280410-COMPLIANT PRODUCTS FOR TOP FIVE COUNTRIES, 2022–2024
  • FIGURE 35 PATENTS APPLIED AND GRANTED, 2014–2024
  • FIGURE 36 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 37 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
  • FIGURE 38 BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • FIGURE 39 IMPACT OF AI/GENERATIVE AI, BY APPLICATION
  • FIGURE 40 STEAM METHANE REFORMING (SMR) SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2024
  • FIGURE 41 GRAY HYDROGEN SEGMENT HELD LARGEST MARKET SHARE IN 2024
  • FIGURE 42 CAPTIVE SEGMENT HELD LARGER SHARE OF HYDROGEN GENERATION MARKET IN 2024
  • FIGURE 43 PETROLEUM REFINERY SEGMENT CAPTURED LARGEST MARKET SHARE IN 2024
  • FIGURE 44 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN HYDROGEN GENERATION MARKET FROM 2025 TO 2030
  • FIGURE 45 ASIA PACIFIC TO HOLD LARGEST SHARE OF HYDROGEN GENERATION MARKET IN 2024
  • FIGURE 46 NORTH AMERICA: HYDROGEN GENERATION MARKET SNAPSHOT
  • FIGURE 47 ASIA PACIFIC: HYDROGEN GENERATION MARKET SNAPSHOT
  • FIGURE 48 MARKET SHARE ANALYSIS OF COMPANIES OFFERING HYDROGEN GENERATION TECHNOLOGIES, 2024
  • FIGURE 49 HYDROGEN GENERATION MARKET: REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2020–2024
  • FIGURE 50 COMPANY VALUATION
  • FIGURE 51 FINANCIAL METRICS (EV/EBITDA)
  • FIGURE 52 PRODUCT COMPARISON
  • FIGURE 53 HYDROGEN GENERATION MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
  • FIGURE 54 HYDROGEN GENERATION MARKET: MARKET FOOTPRINT
  • FIGURE 55 HYDROGEN GENERATION MARKET: COMPANY FOOTPRINT
  • FIGURE 56 HYDROGEN GENERATION MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
  • FIGURE 57 LINDE PLC: COMPANY SNAPSHOT
  • FIGURE 58 AIR LIQUIDE: COMPANY SNAPSHOT
  • FIGURE 59 SAUDI ARABIAN OIL CO.: COMPANY SNAPSHOT
  • FIGURE 60 AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
  • FIGURE 61 SHELL PLC: COMPANY SNAPSHOT
  • FIGURE 62 ENGIE: COMPANY SNAPSHOT
  • FIGURE 63 CHEVRON CORPORATION: COMPANY SNAPSHOT
  • FIGURE 64 ØRSTED A/S: COMPANY SNAPSHOT
  • FIGURE 65 MESSER SE & CO. KGAA: COMPANY SNAPSHOT
  • FIGURE 66 EQUINOR ASA: COMPANY SNAPSHOT
  • FIGURE 67 UNIPER SE: COMPANY SNAPSHOT
  • FIGURE 68 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT
  • FIGURE 69 BP P.L.C.: COMPANY SNAPSHOT
  • FIGURE 70 IWATANI CORPORATION: COMPANY SNAPSHOT
  • FIGURE 71 PETRONAS NASIONAL BERHAD (PETRONAS): COMPANY SNAPSHOT
  • FIGURE 72 IBERDROLA, S.A.: COMPANY SNAPSHOT

 

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 complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include annual reports, press releases, investor presentations of companies, white papers, certified publications, articles from recognized authors, and databases of various companies and associations. Secondary research was mainly used to obtain key information about the industry’s supply chain, the market’s monetary chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments from market- and technology-oriented perspectives.

Primary Research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as CEOs, vice presidents, marketing directors, technology & innovation directors, and related key executives from various companies and organizations operating in the hydrogen generation market.

In the complete market engineering process, the top-down and bottom-up approaches and several data triangulation methods were extensively used to perform market estimation and market forecasts for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was conducted on the complete market engineering process to list key information/insights throughout the report.

Hydrogen Generation Market Size, and Share

Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Tier 1 companies’ revenues are more than USD 10 billion; tier 2 companies’ revenues range between USD 1 and 10 billion; and tier 3 companies’ revenues range between USD 500 million and USD 1 billion.
Source: Industry Experts

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

Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the size of the global hydrogen generation market and to evaluate the sizes of various other dependent submarkets. Key players in the market were identified through secondary research, and their shares in the respective regions were determined through primary and secondary research. This entire procedure included the study of annual and financial reports of top market players and extensive interviews for key insights with industry leaders, such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Hydrogen Generation Market : Top-Down and Bottom-Up Approach

Hydrogen Generation Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained below, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides.

Market Definition

Hydrogen is the lightest and most abundant element in the universe, widely valued for its exceptional energy-carrying capacity. It can be produced either as a primary product or as a by-product from diverse energy sources, including renewables (wind and solar), fossil fuels (coal and natural gas), and nuclear power. Due to its high energy content per unit mass, hydrogen serves as a highly versatile energy carrier. It is critical in various industrial processes, chemical manufacturing, and emerging clean energy applications. The hydrogen generation market is defined as the sum of the revenue generated by companies producing hydrogen through various technologies, such as electrolysis, steam methane reforming (SMR), auto thermal reforming (ATR), partial oxidation (POX), and coal gasification.

Stakeholders

  • Fuel cell electric vehicle (FCEV) manufacturers
  • Government organizations
  • Hydrogen charging station owners
  • Hydrogen fuel pump developers and operators
  • Hydrogen generation equipment manufacturers and suppliers
  • Hydrogen generation infrastructure developers
  • Institutional investors
  • Merchant hydrogen producers
  • Methanol producers
  • Refinery operators
  • Research institutes

Report Objectives

  • To describe and forecast the hydrogen generation market, by technology, generation and delivery mode, application, source, and region, in terms of value
  • To describe and forecast the hydrogen generation market, by technology, generation and delivery mode, application, source, and region, in terms of volume
  • To forecast the market size across four key regions: North America, Europe, Asia Pacific, the Middle East, Africa, and South America, along with country-level analysis, in terms of value and volume
  • To provide detailed information regarding key drivers, restraints, opportunities, and challenges influencing the growth of the hydrogen generation market
  • To provide the supply chain analysis, trends/disruptions impacting customer business, ecosystem analysis, regulatory landscape, patent analysis, case study analysis, technology analysis, key conferences & events, the impact of AI/Gen AI, pricing analysis, porter’s five forces analysis, regulatory analysis, and the impact of 2025 US tariff on the hydrogen generation market
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market leaders
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size
  • To benchmark players within the market using the company evaluation matrix, which analyzes market players based on several parameters within the broad categories of business and product strategies
  • To compare key market players with respect to product specifications and applications
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • To analyze competitive developments, such as contracts, agreements, expansions, investments, acquisitions, partnerships, collaborations, and joint ventures, in the hydrogen generation market

Available Customizations

MarketsandMarkets offers customizations according to the specific needs of the companies using the given market data.

The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Geographic Analysis as per Feasibility

  • Further breakdown of the hydrogen generation market, by country for the Europe, Asia Pacific, North America, Middle East, Africa, and South America regions

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

 

Previous Versions of this Report

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
Published in Oct, 2023, By MarketsandMarkets™

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
Published in Aug, 2022, By MarketsandMarkets™

Hydrogen Generation Market by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology, and Region-Forecast to 2025

Report Code EP 2781
Published in Feb, 2021, By MarketsandMarkets™

Hydrogen Generation Market by Generation, Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation), Technology (Steam Reforming, Water Electrolysis, & Others), Storage, and Region - Global Forecast to 2023

Report Code EP 2781
Published in Nov, 2018, By MarketsandMarkets™

Hydrogen Generation Market by Generation and Delivery Mode (Captive and Merchant), Application (Petroleum Refinery, Ammonia Production, and Methanol Production), Technology (Steam Methane Reforming and Coal Gasification), and Region - Global Forecasts to 2022

Report Code EP 2781
Published in Apr, 2017, By MarketsandMarkets™

Hydrogen Generation Market by Generation & Delivery Mode (Captive, Merchant), Technology (Steam Methane Reforming, Partial Oxidation, Gasification, and Electrolysis), Application (Refinery, Ammonia Production, and Methanol Production), & Region - Global Forecast to 2021

Report Code EP 2781
Published in Mar, 2016, By MarketsandMarkets™

Hydrogen Generation Market by Geography, by Mode of Generation & Delivery, Applications and Technology - Global Trends & Forecasts to 2019

Report Code EP 2781
Published in Oct, 2014, By MarketsandMarkets™

Hydrogen Generation Market by Geography, by Mode of Generation & Delivery, Applications and Technology - Global Trends & Forecasts to 2019

Report Code EP 2781
Published in Jan, 2011, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Hydrogen Generation Market

Antonio

Jun, 2022

What is the market size and growth rate of the global and regional hydrogen generation market by various segments?.

Somnath

Jul, 2022

marketsandmarkets track and advice the Hydrogen Generation segment very closely and understand the global and regional trends and have numerous proven products and methodologies that help industry leaders like and companies gain competitive advantage by responding proactively to megatrends. We would love to showcase our capabilities in way of sharing interesting case studies, Infographics, market studies, and reports establishing areas that would be of most value to you and give you a quick introduction to our deep industry coverage within the Hydrogen Generation segment specific to certain regions..

Raghuveer

May, 2022

The Hydrogen Generation Market Research is very interesting, I want to know more about when are the high growth niche segments expected to impact changing the revenue for mix of companies? .

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