Hydrogen Generation Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Hydrogen generation market is anticipated to grow at a significant CAGR of 11.1% during the forecast period (2023-2030).The growing adoption of integrated green hydrogen coupled with the large scale generation of green hydrogen is the key factor supporting the growth of the market globally. Market players partnership helps to build the fundamental pillars of economic sustainability by driving decarbonisation of industry, power generation, mobility, and agriculture thereby mitigating climate change, and ensuring energy independence. The market players are also focusing on introducing hydrogen generation solutions that further bolster the market growth. For instance, in June 2022, Adani Group and Total Energies created the global green hydrogen ecosystem. Adani New Industries Ltd. to invest $50 Billion in green hydrogen. Through partnership to jointly create the global largest green hydrogen ecosystem. In this strategic alliance, Total Energies acquired a 25.0% minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). However, the high cost of this technology may restrain its market growth.

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The global hydrogen generation market is segmented on the technology, source, and application. Based on the technology, the market is sub-segmented into steam methane reforming, coal gasification and others (auto thermal reforming). Based on the source, the market is sub-segmented into natural gas, coal, biomass and water. Further, on the basis ofapplication, the market is sub-segmented into methanol production, ammonia production, petroleum refining, transportation, power generation and others (energy storage).Among the technology, the steam methane reformingsub-segment is anticipated to hold a considerable share of the market owing to producing the highest yield of hydrogen. The efficiency of the steam reforming process is about 65.0% to 75.0%, among the highest of current commercially available production methods.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill

  • , and others


Global Hydrogen Generation Market Report Segment

By Technology

  • Steam Methane Reforming

  • Coal Gasification

  • Others (Auto Thermal Reforming)


By Source

  • Natural Gas

  • Coal

  • Biomass

  • Water


By Application

  • Methanol production

  • Ammonia Production

  • Petroleum Refining

  • Transportation

  • Power Generation

  • Others (Energy storage)


Global Hydrogen Generation Market Report Segment by Region

North America

  • United States

  • copyright


Europe

  • UK

  • Germany

  • Italy

  • Spain

  • France

  • Rest of Europe


Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia-Pacific


Rest of the World

  • Latin America

  • Middle East & Africa


The Report Covers

  • Market value data analysis of 2022 and forecast to 2030.

  • Annualized market revenues ($ million) for each market segment.

  • Country-wise analysis of major geographical regions.

  • Key companies operating in the global hydrogen generation market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

  • Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

  • Analysis of market-entry and market expansion strategies.

  • Competitive strategies by identifying ‘who-stands-where’ in the market.


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