Hydrogen Generation Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market, the global hydrogen generation market size is projected to reach USD 204 billion by 2026 at a CAGR of 9.5% from USD 135 billion in 2021 during the forecast to 2030.
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Hydrogen production is an industrial method used for generation of hydrogen gas. The majority of production of hydrogen gas is by the fossil fuels. Other sources include natural gas, light hydrocarbons and coal gas.
With the surge in demand for long term storage of renewable energy along with the raised demand from the transportation sector are some of the factors that have supported long-term expansion for Hydrogen Generation Market.
Recent Developments
Air Liquide completed the acquisition of Hydrogenics in order to install the largest PEM electrolyzer in Canada with a 20 megawatts (MW) capacity for the production of low-carbon hydrogen (the facility will use hydropower).
Cummins and Air Liquide entered into a joint venture agreement in order to promote green hydrogen.
Key Players of Hydrogen Generation Market
- Air Liquide
- Cummins
- Linde
- Air Products & Chemicals
- Iwatani
- Engie
- ITM Power
- NEL Hydrogen
- Xebec
- Uniper
- McPhy Energy
- Enapter
- Starfire Energy
- Claind
- Plug Power
- Ally-Hi Tech
- Green Hydrogen Systems and More
Hydrogen Generation Market is segmented into technology, application, source, generation & delivery mode and geography.
On the basis of Source
- Blue Hydrogen
- Green Hydrogen
- Grey Hydrogen
On the basis of Technology
- Steam Methane Reforming (SMR)
- Partial Oxidation (POX)
- Electrolysis
On the basis of Application
- Petroleum Refinery
- Ammonia Production
- Power Generation
- Other Applications
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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