The global Hydrogen Generation market is projected to grow at a CAGR of 3.7% by 2034
The Hydrogen Generation Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.
Technological Advancement in Green Hydrogen Economy
The development of technologies that quicken the current revolution in green hydrogen production is intimately related to the commercial opportunities in the field of green hydrogen. Emergence of novel and inventive technology presents prospects for significant market expansion. The creation of more economical and efficient electrolysis techniques is a crucial path that directly affects the generation of green hydrogen. Proton exchange membrane (PEM) and alkaline systems electrolysis technologies are becoming more and more popular since they are more scalable and have higher energy efficiency.
Furthermore, improvements in solar and wind energy systems and other renewable energy technologies make cleaner, more sustainable energy sources for hydrogen synthesis available. The cost-effectiveness and overall efficiency of producing green hydrogen are further increased by the optimisation of electrolysis operations through the integration of digital technologies and artificial intelligence.
Lagging Policy Support for Low-Emission Hydrogen Investment
There is still a lot of interest in new hydrogen projects, but in order to attract investments, prompt legislative support must be implemented given the difficult economic environment. Notwithstanding the sluggish implementation of financial incentives and resolute cost constraints that pose a threat to project delays, interest in low-emission hydrogen is nevertheless growing. However, production levels can still rise significantly by 2030 if all projects that have been planned come to fruition and more is done to promote uptake.
What Questions Should You Ask before Buying a Market Research Report?
How is the hydrogen generation market evolving?
What is driving and restraining the hydrogen generation market?
How will each hydrogen generation submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
How will the market shares for each hydrogen generation submarket develops from 2023 to 2034?
What will be the main driver for the overall market from 2024 to 2034?
Will leading hydrogen generation markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
Who are the leading players and what are their prospects over the forecast period?
What are the hydrogen generation projects for these leading companies?
How will the industry evolve during the period between 2024 and 2034? What are the implications of hydrogen generation projects taking place now and over the next 10 years?
Is there a greater need for product commercialisation to further scale the hydrogen generation market?
Where is the hydrogen generation market heading and how can you ensure you are at the forefront of the market?
You need to discover how this will impact the hydrogen generation market today, and over the next 10 years:
Our 296-page report provides 116 tables and 171 charts/graphs exclusively to you.
The report highlights key lucrative areas in the industry so you can target them - NOW.
It contains in-depth analysis of global, regional and national sales and growth.
It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the hydrogen generation market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.
Forecasts to 2034 and other analyses reveal commercial prospects
In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
You will find original analyses, with business outlooks and developments.
Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Segments Covered in the Report
Delivery Mode Outlook
Captive
Merchant
Source Outlook
Blue Hydrogen
Gray Hydrogen
Green Hydrogen
Technology Outlook
Steam Reforming
Partial Oxidation
Autothermal Reforming
Coal Gasification
Electrolysis
Application Outlook
Petroleum Refinery
Transportation
Ammonia Production
Methanol Production
Power Generation
Other Industries
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 16 leading national markets:
North America
U.S.
Canada
Europe
Netherlands
Germany
Poland
Italy
France
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Brazil
Mexico
Middle East & Africa
GCC
South Africa
The report also includes profiles and for some of the leading companies in the Hydrogen Generation Market, 2024 to 2034, with a focus on this segment of these companies' operations.
Leading companies profiled in the report
Shell plc
Mitsubishi Heavy Industries
Air Liquide
Siemens Energy AG
Engie SA
Linde Plc
Aramco
Air Products
Chevron Corporation
Orsted
Messer Group
Equinor
ExxonMobil
BP
Iwatani Corporation
Overall revenue for Hydrogen Generation Market, 2024 to 2034 in terms of value the market surpassed US$160 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organisations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.
How will the Hydrogen Generation Market, 2024 to 2034 Market report help you?
In summary, our 290+ page report provides you with the following knowledge:
Revenue and volume forecasts to 2034 for Hydrogen Generation Market, 2024 to 2034 Market, with forecasts for application, source, technology, delivery mode, and each forecast at a global, and regional level - discover the industry's prospects, finding the most lucrative places for investments and revenues.
Revenue and volume forecasts to 2034 for five regional and 16 key national markets - See forecasts for the Hydrogen Generation Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Prospects for established firms and those seeking to enter the market - including company profiles for 15 of the major companies involved in the Hydrogen Generation Market.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.
Information found nowhere else
With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain's study is for everybody needing commercial analyses for the Hydrogen Generation Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.
Table of Contents
1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Hydrogen Generation Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Stringent Greenhouse Gas Emission Regulations
3.2.1.2 Growing Demand for Low-emission Fuels
3.2.1.3 Growing Green Hydrogen Demand for Various End-User Industries
3.2.2 Market Restraining Factors
3.2.2.1 Higher Cost Than Conventional Energy Options
3.2.2.2 Lagging Policy Support for Low-Emission Hydrogen Investment
3.2.2.3 The Future Demand for Green Hydrogen is Not Assured
3.2.3 Market Opportunities
3.2.3.1 Promote the Rise of Renewable Energy
3.2.3.2 Hydrogen as a Seasonal Long-term Energy Storage Option
3.2.3.3 Technological Advancement in Green Hydrogen Economy
3.3 COVID-19 Impact Analysis
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers (Moderate)
3.4.2 Bargaining Power of Buyers (Moderate)
3.4.3 Competitive Rivalry (High)
3.4.4 Threat from Substitutes (Low - Moderate)
3.4.5 Threat of New Entrants (Low - Moderate)
4 Hydrogen Generation Market Analysis by Source
4.1 Key Findings
4.2 Source Segment: Market Attractiveness Index
4.3 Hydrogen Generation Market Size Estimation and Forecast by Source
4.4 Blue Hydrogen
4.4.1 BP Selected BASF's Carbon Capture Technology For Blue Hydrogen Project In Teesside
4.4.2 Air Products to Build Europe's Largest Blue Hydrogen Plant
4.4.3 Market Size by Region, 2024-2034 (US$ Billion)
4.4.4 Market Share by Region, 2024 & 2034 (%)
4.5 Gray Hydrogen
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
4.6 Green Hydrogen
4.6.1 World's Largest Green Hydrogen Project Begins Production In China
4.6.2 Market Size by Region, 2024-2034 (US$ Billion)
4.6.3 Market Share by Region, 2024 & 2034 (%)
5 Hydrogen Generation Market Analysis by Delivery Mode
5.1 Key Findings
5.2 Delivery Mode Segment: Market Attractiveness Index
5.3 Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
5.4 Captive
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Merchant
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
6 Hydrogen Generation Market Analysis by Technology
6.1 Key Findings
6.2 Technology Segment: Market Attractiveness Index
6.3 Hydrogen Generation Market Size Estimation and Forecast by Technology
6.4 Steam Reforming
6.4.1 Partners to Study Hydrogen Production Using Rolls-Royce SMR
6.4.2 Market Size by Region, 2024-2034 (US$ Billion)
6.4.3 Market Share by Region, 2024 & 2034 (%)
6.5 Partial Oxidation
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Autothermal Reforming
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Coal Gasification
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
6.8 Electrolysis
6.8.1 Asahi Kasei Started Construction of Alkaline Water Electrolysis Pilot Plant
6.8.2 Electrolytic Liquid Hydrogen Plant Starts Production In Georgia
6.8.3 Market Size by Region, 2024-2034 (US$ Billion)
6.8.4 Market Share by Region, 2024 & 2034 (%)
7 Hydrogen Generation Market Analysis by Application
7.1 Key Findings
7.2 Application Segment: Market Attractiveness Index
7.3 Hydrogen Generation Market Size Estimation and Forecast by Application
7.4 Petroleum Refinery
7.4.1 TotalEnergies Agrees Deal To Use Green Hydrogen In Oil Refinery
7.4.2 Market Size by Region, 2024-2034 (US$ Billion)
7.4.3 Market Share by Region, 2024 & 2034 (%)
7.5 Transportation
7.5.1 EU Spent €1.2 Billion On Hydrogen Transportation
7.5.2 Market Size by Region, 2024-2034 (US$ Billion)
7.5.3 Market Share by Region, 2024 & 2034 (%)
7.6 Ammonia Production
7.6.1 Japan, South Korea to Build Supply Chain For Hydrogen And Ammonia
7.6.2 ITOCHU Announced Collaboration in the Green Ammonia Project
7.6.3 Market Size by Region, 2024-2034 (US$ Billion)
7.6.4 Market Share by Region, 2024 & 2034 (%)
7.7 Methanol Production
7.7.1 Mystery Developer Announced Plan to Spend Over $3bn on Blue-Hydrogen-to-Methanol Plant
7.7.2 Market Size by Region, 2024-2034 (US$ Billion)
7.7.3 Market Share by Region, 2024 & 2034 (%)
7.8 Power Generation
7.8.1 Japan to co-fire Hydrogen at Power Plant
7.8.2 Germany to Invest €16bn In Hydrogen-Ready Gas-Fired Power Plants
7.8.3 Market Size by Region, 2024-2034 (US$ Billion)
7.8.4 Market Share by Region, 2024 & 2034 (%)
7.9 Other Applications
7.9.1 Market Size by Region, 2024-2034 (US$ Billion)
7.9.2 Market Share by Region, 2024 & 2034 (%)
8 Hydrogen Generation Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Hydrogen Generation Market Analysis
9.1 Key Findings
9.2 North America Hydrogen Generation Market Attractiveness Index
9.3 North America Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
9.4 North America Hydrogen Generation Market Size Estimation and Forecast by Country
9.5 North America Hydrogen Generation Market Size Estimation and Forecast by Source
9.6 North America Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
9.7 North America Hydrogen Generation Market Size Estimation and Forecast by Technology
9.8 North America Hydrogen Generation Market Size Estimation and Forecast by Application
9.9 U.S. Hydrogen Generation Market Analysis
9.9.1 North America's Largest Green-Hydrogen Plant Begins Operations in California
9.9.2 Duke Energy Announced Plans to Build and Operate Green Hydrogen in a Combustion Turbine in Florida
9.10 Canada Hydrogen Generation Market Analysis
9.10.1 Canada Approved North America's First Green Hydrogen Production Plant
9.10.2 Atlantic Canada Targets Startups of Two Green Hydrogen Projects in 2025
10 Europe Hydrogen Generation Market Analysis
10.1 Key Findings
10.2 Europe Hydrogen Generation Market Attractiveness Index
10.3 Europe Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
10.4 Europe Hydrogen Generation Market Size Estimation and Forecast by Country
10.5 Europe Hydrogen Generation Market Size Estimation and Forecast by Source
10.6 Europe Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
10.7 Europe Hydrogen Generation Market Size Estimation and Forecast by Technology
10.8 Europe Hydrogen Generation Market Size Estimation and Forecast by Application
10.9 Germany Hydrogen Generation Market Analysis
10.9.1 Lhyfe Breaks Ground for New 10MW Hydrogen Plant in Germany