Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Hydrogen Generation Market

Hydrogen Generation Market Share

Report ID: GMI1107
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Hydrogen Generation Market Share

Industry collaborations across the hydrogen generation industry are crucial for advancing technology, reducing costs, and accelerating the transition to a hydrogen-based economy. These collaborations are essential for addressing technical challenges, regulatory hurdles, and market barriers, ultimately paving the way for a sustainable and scalable hydrogen economy. In addition, collaboration among industry players, government bodies, and research institutions to develop hydrogen projects and policies will contribute to the business momentum.

Hydrogen Generation Market Companies

Eminent players operating in the hydrogen generation industry are:

Air Liquide
Air Products and Chemicals, Inc.
Ballard Power Systems
Ally Hi-Tech Co., Ltd.
Claind srl
CALORIC
HyGear
Iwatani Corporation
Mahler AGS GmbH
Messer
McPhy Energy S.A.
Nel ASA
NUVERA FUEL CELLS, LLC
Plug Power Inc.
RESONAC HOLDINGS CORPORATION
TAIYO NIPPON SANSO CORPORATION
Teledyne Technologies Incorporated
Xebec Adsorption Inc.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of hydrogen generation was worth USD 158.3 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, led by the increasing demand for clean energy, advancements in fuel cell technology and the rising need to reduce carbon emissions.

The merchant delivery mode segment in the hydrogen generation industry is projected to exceed USD 49 billion by 2032, on account of growing demand across various sectors comprising transportation, industrial and power generation & storage.

The electrolysis process segment in the hydrogen generation industry is estimated to record over 7% CAGR between 2024 and 2032, owing to their ability to support meet global and national decarbonization targets and balance the grid by using excess renewable energy.

Asia Pacific hydrogen generation industry is poised to record more than USD 154 billion by 2032, due to the combination of government policies, investments, and collaborations aimed at promoting clean energy and reducing carbon emissions.