How much is the hydrogen generators market worth, and how is it expected to expand?
The hydrogen generators market size has grown steadily in recent years. It will grow from $1.2 billion in 2024 to $1.24 billion in 2025 at a compound annual growth rate (CAGR) of 3.0%. The growth in the historic period can be attributed to industrial hydrogen demand, energy sector applications, government initiatives and subsidies, research and development, hydrogen as a green energy carrier.
The hydrogen generators market size is expected to see steady growth in the next few years. It will grow to $1.45 billion in 2029 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to rise in green hydrogen projects, electrification of industries, government policies and carbon reduction targets, expansion of hydrogen fuel cell vehicles, global collaboration on hydrogen economy, integration with renewable energy sources. Major trends in the forecast period include technological innovations in electrolysis, advancements in electrolysis technologies, advancements in electrolysis technologies, integration of artificial intelligence (AI), hydrogen as an energy storage medium.
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Which Market drivers have played a significant role in driving the hydrogen generators market?
Government regulations over greenhouse gas emissions are expected to propel the growth of the hydrogen generators market going forward. Global greenhouse gas emissions are increasing, mainly due to fossil fuel consumption and industrialization. Hydrogen generators are being developed by major companies because they produce hydrogen by electrolysis, which produces zero greenhouse gas emissions. For instance, in March 2024, the Environmental Protection Agency (EPA), a US-based government agency, announced a final rule titled Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles, introducing stricter standards to cut harmful air pollutant emissions from these vehicles beginning with model year 2027. This rule expands upon the previous standards for federal greenhouse gas emissions for passenger cars and light trucks covering model years 2023 through 2026. Hence, Government and environmental organizations are strengthening regulations to control greenhouse gas emissions which drives the hydrogen generators market.
What are the key segments within the hydrogen generators market?
The hydrogen generators market covered in this report is segmented –
1) By Product Type: Onsite, Portable
2) By Process: Steam Reforming, Electrolysis, Other Processes
3) By Capacity: Less Than 300 W, 300W – 1 KW, More Than 1 KW
4) By Application: Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, Other Applications
Subsegments:
1) By Onsite: Electrolytic Hydrogen Generators, Steam Methane Reforming (SMR) Hydrogen Generators, Pressure Swing Adsorption (PSA) Hydrogen Generators
2) By Portable: Portable Electrolyzers, Hydrogen Generation Kits, Mobile Hydrogen Generators
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Which key players are shaping the hydrogen generators market?
Major companies operating in the hydrogen generators market include Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Company, Robert Bosch GmbH, Siemens AG, Linde plc, Cummins Inc., Air Liquide S.A., Johnson Matthey plc, Air Products and Chemicals Incorporated, Praxair Technology Inc., Teledyne Energy Systems Inc., Plug Power Inc., Nel Hydrogen Fuel Cells AS, NEL ASA, Ballard Power Systems Inc., Nuvera Fuel Cells LLC, MVS Engineering Pvt. Ltd., Epoch Energy Technology Corporation, McPhy Energy S.A.S., HELBIO S.A., ITM Power Ltd., Proton OnSite LLC, Green Hydrogen System, Ideroenergy Inc., Hy9 Corporation, Suzhou Jingli Hydrogen Equipment Co. Ltd., Deokyang Co. Ltd.
Which transformative trends will shape the hydrogen generators market landscape?
Major companies operating in the hydrogen generators market are developing innovative products such as emission-free generators to increase their profitability in the market. Emission-free hydrogen generators are devices or systems designed to produce hydrogen gas without releasing greenhouse gas emissions or other harmful pollutants into the environment. For instance, in November 2023, Hitachi Energy Ltd., a Switzerland-based sustainable energy system provider launched HyFlex. The HyFlex unit, engineered for either temporary or permanent setup, supplies power in situations where grid connections are unfeasible and diesel generators are not viable. The medium-power model supports temporary installations, offering a power range of 400–600 kVA, while the high-power version serves permanent setups, delivering 1 MVA or more per unit. HyFlex is entirely emission-free, generating solely AC power, usable heat, and water. It proves applicable to diverse industries, including construction sites situated in remote areas or those sensitive to noise and pollution. Additionally, it suits remote venues, data centers, and hospitals.
How do regional factors impact the hydrogen generators market, and which region is the largest contributor?
The countries covered in the hydrogen generators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Hydrogen Generators Market Report 2025 Offer?
The hydrogen generators market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
The hydrogen generators refers to generator that produce hydrogen from water using an electrolysis process. A proton exchange membrane (PEM) is used in a hydrogen generator to produce high-quality hydrogen gas from water. Hydrogen generators can be either hydrogen-powered or hydrogen-producing machines.
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