Product Code: GVR-2-68038-517-5
Hydrogen Generation Market Growth & Trends:
The global hydrogen generation market size is expected to reach USD 317.39 billion by 2030, registering a CAGR of 9.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The global hydrogen generation market is likely to be driven by the growing demand for cleaner fuel, coupled with increasing governmental regulations for the desulphurization of petroleum products.
Hydrogen is an effective energy carrier, and this quality is expected to contribute, significantly, to its further penetration into newer markets. The global electricity demand is anticipated to witness an increase by nearly two-thirds of the current demand in the forecast period. Focus on the projects, related to distributed power & utility, expected to bolster the demand for hydrogen generation market growth during the forecast period.
The Methane Reforming segment led the market in 2021. This was the dominant segment in 2021 and is expected to keep its position during the forecast period. Steam Methane reforming is a method for producing hydrogen, along with other gases including carbon monoxide and carbon dioxide. The steam methane reforming process is a mature and advanced technology in hydrogen generation. The growing demand for hydrogen generation across the globe is a crucial driving factor for steam methane reformers technology, as steam methane reforming is the most economical method for hydrogen generation.
In Application, the ammonia production segment led the market in 2021. The ammonia segment will keep its lead during the forecast period. The future growth of the hydrogen generation market is expected to have steady growth in all the segments as application cases for hydrogen increase.
In source, the natural gas segment led the market in 2021. Hydrogen is created from natural gas reforming which produces hydrogen, carbon monoxide, and carbon dioxide. Hydrogen production from natural gas is the cheapest method of producing hydrogen. Hydrogen production from natural gas is expected to keep its lead during the forecast period.
Based on systems, the merchant generation segment led the market in 2021. Merchant generation of hydrogen means hydrogen is produced at a central production facility. It is transported and sold to the consumer by bulk tank, pipeline, or cylinder truck. In many countries such as the U.S., Canada, and Russia there is an extensive existing natural gas pipeline network that could be used to transport and distribute hydrogen. The merchant generation segment is expected to keep its lead during the forecast period.
Growing investments in smart "energy-saving" residential and commercial buildings are expected to provide an impetus toward the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy. Factors including shifting trend toward cleaner energy and favorable government regulations are contributing to the development of the hydrogen generation market.
Hydrogen Generation Market Report Highlights:
- Based on technology, the global market has been further divided into steam methane reforming, coal gasification, and others.
- Based on systems, the captive generation segment accounted for a notable revenue share of about 64.47% in 2024.
- The ammonia production segment led the market with the largest revenue share of above 23.56% in 2024.
- Asia Pacific hydrogen generation industry dominated globally in 2024 and accounted for the largest revenue share of over 35.34%.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Hydrogen Generation Market Outlook
- 3.2. Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Trends
- 3.5.3.1. Economic Trends
- 3.5.3.2. Trade Scenario
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Hydrogen Generation Market: Application Estimates & Trend Analysis
- 4.1. Hydrogen Generation Market: Application Movement Analysis, 2024 & 2030
- 4.2. Methanol Production
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.3. Ammonia Production
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.4. Petroleum Refinery
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.5. Transportation
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.6. Power Generation
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.7. Industrial Heating
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 4.8. Others
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
Chapter 5. Hydrogen Generation Market: Systems Estimates & Trend Analysis
- 5.1. Hydrogen Generation Market: Systems Movement Analysis, 2024 & 2030
- 5.2. Merchant (Transportation)
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 5.3. Captive (On-Site Consumption)
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
Chapter 6. Hydrogen Generation Market: Technology Estimates & Trend Analysis
- 6.1. Hydrogen Generation Market: Technology Movement Analysis, 2024 & 2030
- 6.2. Coal Gasification
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 6.3. Steam Methane Reforming
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 6.4. Others
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
Chapter 7. Hydrogen Generation Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2024 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.5. U.S.
- 7.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.5.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.5.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.6. Canada
- 7.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.7. Mexico
- 7.2.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.7.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.2.7.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3. Europe
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.5.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.5.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.6. UK
- 7.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.7. Spain
- 7.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.7.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.7.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.7.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.8. France
- 7.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.8.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.8.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.8.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.9. Italy
- 7.3.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.9.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.9.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.9.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.10. Russia
- 7.3.10.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.10.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.10.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.10.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.11. Denmark
- 7.3.11.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.11.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.11.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.11.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.12. Netherlands
- 7.3.12.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.12.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.12.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.12.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.13. Sweden
- 7.3.13.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.13.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.13.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.3.13.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.5. China
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.5.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.5.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.6.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.7. Japan
- 7.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.7.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.7.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.7.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.8. South Korea
- 7.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.8.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.8.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.4.8.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5. Latin America
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.5. Brazil
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.5.2. Market estimates and forecasts, by Application, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.5.3. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.6. Argentina
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.6.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.5.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.5.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.5.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.5.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.6. UAE
- 7.6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.6.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.6.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.6.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.7. South Africa
- 7.6.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.7.2. Market estimates and forecasts, by Application , 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.7.3. Market estimates and forecasts, by systems, 2018 - 2030 (USD Billion) (Million Metric Tons)
- 7.6.7.4. Market estimates and forecasts, by Technology, 2018 - 2030 (USD Billion) (Million Metric Tons)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Kraljic Matrix
- 8.3. Company Categorization
- 8.4. Heat Map Analysis
- 8.5. Vendor Landscape
- 8.5.1. List of Raw Material Suppliers
- 8.5.2. List of Distributors
- 8.5.3. List of Other Prominent Manufacturers
- 8.6. List of Prospective End-Users
- 8.7. Strategy Mapping
- 8.8. Company Profiles/Listing
- 8.8.1. Linde Plc
- 8.8.1.1. Company Overview
- 8.8.1.2. Financial Performance
- 8.8.1.3. Product Benchmarking
- 8.8.2. Messer
- 8.8.2.1. Company Overview
- 8.8.2.2. Financial Performance
- 8.8.2.3. Product Benchmarking
- 8.8.3. Air Products and Chemicals, Inc
- 8.8.3.1. Company Overview
- 8.8.3.2. Financial Performance
- 8.8.3.3. Product Benchmarking
- 8.8.4. Air Liquide International S.A
- 8.8.4.1. Company Overview
- 8.8.4.2. Financial Performance
- 8.8.4.3. Product Benchmarking
- 8.8.5. INOX Air Products Ltd
- 8.8.5.1. Company Overview
- 8.8.5.2. Financial Performance
- 8.8.5.3. Product Benchmarking
- 8.8.6. Matheson Tri-Gas, Inc.
- 8.8.6.1. Company Overview
- 8.8.6.2. Financial Performance
- 8.8.6.3. Product Benchmarking
- 8.8.7. SOL Group
- 8.8.7.1. Company Overview
- 8.8.7.2. Financial Performance
- 8.8.7.3. Product Benchmarking
- 8.8.8. Iwatani Corporation
- 8.8.8.1. Company Overview
- 8.8.8.2. Financial Performance
- 8.8.8.3. Product Benchmarking
- 8.8.9. Hydrogenics Corporation
- 8.8.9.1. Company Overview
- 8.8.9.2. Financial Performance
- 8.8.9.3. Product Benchmarking
- 8.8.10. Tokyo Gas Chemicals Co., Ltd.
- 8.8.10.1. Company Overview
- 8.8.10.2. Financial Performance
- 8.8.10.3. Product Benchmarking
- 8.8.11. Taiyo Nippon Sanso Corporation
- 8.8.11.1. Company Overview
- 8.8.11.2. Financial Performance
- 8.8.11.3. Product Benchmarking
- 8.8.12. Teledyne Technologies Incorporated
- 8.8.12.1. Company Overview
- 8.8.12.2. Financial Performance
- 8.8.12.3. Product Benchmarking
- 8.8.13. Hygear
- 8.8.13.1. Company Overview
- 8.8.13.2. Financial Performance
- 8.8.13.3. Product Benchmarking
- 8.8.14. Claind
- 8.8.14.1. Company Overview
- 8.8.14.2. Financial Performance
- 8.8.14.3. Product Benchmarking
- 8.8.15. Advanced Specialty Gases Inc.
- 8.8.15.1. Company Overview
- 8.8.15.2. Financial Performance
- 8.8.15.3. Product Benchmarking