Product Code: GVR-4-68040-472-3
Hydrogen Generator Market Summary
The global hydrogen generator market size was valued at USD 749.7 million in 2024 and is projected to reach USD 1,120.3 million by 2030, growing at a CAGR of 7.0% from 2025 to 2030. Market growth is expected to be driven by increasing awareness regarding sustainability and the use of renewable energy, owing to the rising global concerns over climate change and carbon emissions.
Governments across countries are expanding their hydrogen generation and export capabilities. For instance, under its National Green Hydrogen Mission, the Government of India aims to make the country a global hub for the production, usage, and export of green hydrogen and its derivatives by 2030. Countries across North America, Asia Pacific, and Latin America are witnessing a surge in demand for hydrogen generators. Governments worldwide are also implementing supportive policies and incentive programs to promote hydrogen as a viable alternative to fossil fuels, particularly in sectors such as transportation and industrial applications.
Ongoing advancements in hydrogen generation technologies, including steam methane reforming and electrolysis, are enhancing efficiency and reducing production costs. The rising interest in hydrogen fuel cell electric vehicles (FCEVs) is also contributing to market expansion, particularly in regions like North America, where infrastructure development for hydrogen refueling stations is underway. Furthermore, the increasing use of hydrogen in chemical processing and refining applications underscores its versatility and importance in various industries, solidifying its role in the transition to a sustainable energy future.
The market is experiencing significant growth, primarily due to the global shift toward clean and renewable energy sources, spurred by increasing concerns over climate change and the need to reduce carbon emissions. Governments of various countries are implementing supportive policies and incentive programs to promote hydrogen as a sustainable alternative to traditional fossil fuels, particularly in transportation and industrial sectors. For instance, in the U.S., hydrogen policy is guided by the U.S. Department of Energy's Hydrogen Program Plan. The plan emphasizes innovation, commercialization, and market expansion of hydrogen technologies. This includes incentives such as tax benefits, R&D, and public-private partnership. The rising demand for hydrogen in fuel cells, especially for electric vehicles, is also a key driver, as it offers low emissions and high efficiency.
The market presents numerous growth opportunities driven by the global push for clean energy solutions. As per the International Energy Agency (IEA), since 1975, the demand for hydrogen gas has tripled. Most of it is produced from fossil fuels, accounting for about 6% of global natural gas use and 2% of global coal consumption. Significant opportunity lies in the increasing focus on achieving net-zero emission targets by 2050, prompting investments in hydrogen technologies across various sectors. The demand for portable hydrogen generators is anticipated to grow rapidly, fueled by a shift toward renewable energy and the need for decentralized energy solutions. In buildings, hydrogen could be blended into existing natural gas networks, with the highest potential in multifamily and commercial buildings, particularly in dense cities, while long-term prospects could include the direct use of hydrogen in hydrogen boilers or fuel cells.
Global Hydrogen Generator Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2030. For this study, Grand View Research has segmented the global Hydrogen Generator market report based on product, process, application, and region:
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- On-site
- Portable
- Process Outlook (Revenue, USD Million, 2018 - 2030)
- Steam Reforming
- Electrolysis
- Others
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Chemical Processing
- Petroleum Recovery
- Fuel Cells
- Refinery
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Germany
- UK
- Italy
- Spain
- France
- Asia Pacific
- Central & South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Hydrogen Generator Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-environmental Analysis
Chapter 4. Hydrogen Generator Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Hydrogen Generator Market: Product Movement Analysis & Market Share, 2024 & 2030
- 4.3. On-site
- 4.3.1. On-site Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Portable
- 4.4.1. Portable Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Hydrogen Generator Market: Process Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Hydrogen Generator Market: Process Movement Analysis & Market Share, 2024 & 2030
- 5.3. Steam Reforming
- 5.3.1. Steam Reforming Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Electrolysis
- 5.4.1. Electrolysis Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Hydrogen Generator Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Hydrogen Generator Market: Application Movement Analysis & Market Share, 2024 & 2030
- 6.3. Chemical Processing
- 6.3.1. Chemical Processing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Petroleum Recovery
- 6.4.1. Petroleum Recovery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Fuel Cells
- 6.5.1. Fuel Cells Market Revenue Estimates and Forecasts, 2018 - 2030(USD Million)
- 6.6. Refinery
- 6.6.1. Refinery Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Others
- 6.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Hydrogen Generator Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2030
- 7.2. North America
- 7.2.1. North America Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. U.S. Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Canada Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Key Country Dynamics
- 7.2.4.2. Mexico Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. UK Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Germany Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. France Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Italy Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Spain Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. China Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4.3. India
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. India Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.4.4. Japan
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Japan Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Brazil Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Argentina Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Middle East & Africa Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6.2. UAE
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. UAE Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6.3. South Africa
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. South Africa Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
- 7.6.4. Saudi Arabia
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Saudi Arabia Hydrogen Generator Market Estimates & Forecast, 2018 - 2030 (USD Million)
Chapter 8. Hydrogen Generator Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map/ Position Analysis, 2024
- 8.4. Strategy Mapping
- 8.4.1. Expansion
- 8.4.2. Mergers & Acquisition
- 8.4.3. Partnerships & Collaborations
- 8.4.4. New Product Launches
- 8.4.5. Research and Development
- 8.5. Company Profiles
- 8.5.1. Air Liquide
- 8.5.1.1. Participant's Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Recent Developments
- 8.5.2. Air Products and Chemicals
- 8.5.2.1. Participant's Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Recent Developments
- 8.5.3. Epoch Energy Technology Corporation
- 8.5.3.1. Participant's Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Recent Developments
- 8.5.4. LNI Swissgas
- 8.5.4.1. Participant's Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Recent Developments
- 8.5.5. Idroenergy
- 8.5.5.1. Participant's Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Recent Developments
- 8.5.6. Linde
- 8.5.6.1. Participant's Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Recent Developments
- 8.5.7. McPhy Energy S.A.
- 8.5.7.1. Participant's Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Recent Developments
- 8.5.8. Nel ASA
- 8.5.8.1. Participant's Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Recent Developments
- 8.5.9. Parker Hannifin Corp
- 8.5.9.1. Participant's Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Recent Developments
- 8.5.10. Peak Scientific Instruments
- 8.5.10.1. Participant's Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Recent Developments