Hydrogen Generation Market Size and Forecast 2023-2032|Ally Hi-Tech Co. Ltd., Cummins Inc., ITM Power, Matheson Tri-Gas Inc., and FuelCell Energy.

The Business Research Company’s Hydrogen Generation Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hydrogen Generation Global Market Report 2023 evaluates hydrogen generation market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global hydrogen generation market size is expected to grow from $131.21 billion in 2022 to $142.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global hydrogen generation is expected to grow to $195.50 billion in 2027 at a CAGR of 8.2%.

The increasing demand for hydrogen in the industrial sector is expected to propel the growth of the hydrogen generation market going forward. The industrial sector refers to a sector of the economy made up of companies that assist other companies in the production, transportation, or manufacture of their goods. The industrial sector uses a large amount of hydrogen as it is a component of many chemical products and is used in hydrocracking, which produces petroleum products including gasoline and diesel. For instance, in September 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, the global demand for hydrogen increased by 5% to 94 Mt, primarily due to increased activity in the chemical and refining industries. In addition, the historical peak of 91 Mt for hydrogen consumption in 2019 was reached. The demand for hydrogen-based DRI, electricity, buildings, high-temperature heat in industry, transportation, and other new uses increased by 60% in 2021 to reach about 40 kt H2. Therefore, increasing demand for hydrogen in the industrial sector is driving the growth of the hydrogen generation market.

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The hydrogen generation market segments in the report are:

1) By Type: On-Site, Portable

2) By Source: Blue Hydrogen, Gray Hydrogen, and Green Hydrogen

3) By Generation And Delivery Mode: Captive, Merchant

4) By Technologies: Steam Methane Reforming, Coal Gasification, Electrolysis, Partial Oxidation

5) By Application: Methanol Production, Ammonia Production, Petroleum Refining, Transportation, Power Generation, Other Applications

The table of contents in TBRC’s hydrogen generation market report includes:

1. Executive Summary

2. Hydrogen Generation Market Characteristics

3. Hydrogen Generation Market Trends And Strategies

4. Hydrogen Generation Market – Macro Economic Scenario

5. Hydrogen Generation Market Size And Growth

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26. Africa Hydrogen Generation Market

27. Hydrogen Generation Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Hydrogen Generation Market

29. Hydrogen Generation Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players:

• Air Liquide S.A.
• Air Products Inc
• Iwatani Corporation
• McPhy Energy S.A
• Messer Group

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