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Hydrogen Generation Market Size Analysis 2021 Competitive Insights, Leading Players, and Growth Opportunities by 2030

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The hydrogen generation market demand stood at 129.6 billion in 2020 and is forecast to reach 219.2 billion by 2030, growing at a healthy CAGR of 5.4% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company.

The report contains 150+ pages with detailed analysis and it is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Download Free Sample Copy with TOC, Graphs & List of Figures @  https://www.precedenceresearch.com/sample/1316

Market Report Scope

Report Highlights Details
Market Size in 2020 US$ 129.6 Billion
Growth Rate CAGR of 5.4% from 2021 to 2030
Market Size US$ 219.2 Billion by 2030
Largest Market Asia Pacific
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Technology, System Type, Application, Region

The global hydrogen generation market is driven by the rising awareness regarding the adoption of green and clean energy. The deteriorating environmental conditions owing to the excess economic activities across the globe has resulted in the deterioration of the environmental health. Rising government initiatives to reduce carbon footprint is fostering the adoption of hydrogen to produce energy.

Moreover, rising investments by the top players in the research and development for development of hydrogen using renewable and eco-friendly sources is expected to drive the growth of the global hydrogen generation market. Moreover, rising demand from the fuel cell industry is boosting the demand for the hydrogen. The rising emphasis on the green energy across industries is expected to boost the growth of the hydrogen generation market across the globe.

Crucial factors accountable for market growth are:
  • Rising government initiatives to reduce carbon emission
  • Rising demand for green energy in developed countries
  • Rising industrialization in developing nations
  • Growing demand for hydrogen across various industries
  • Rising demand from the ammonia industry
  • Developmental strategies adopted by the market players

Report Highlights

  • Based on the technology, the steam methane reforming segment dominated the market. This is attributable to the extensive usage of this technology across the globe for producing hydrogen. It is a mature technology and it generates hydrogen at a cheap cost. The rising industrialization is boosting the demand for the hydrogen for energy production across various industries, thereby boosting the growth of this segment.
  • Based on the application, the others segment is expected to be the fastest-growing segment owing to the growing chemical industry. Chemical is a huge industry that contributes significantly towards the GDP growth. In chemical industry, the hydrogen is produced as a by-product and is supplied to numerous industries. Therefore, this segment is estimated to grow rapidly during the forecast period.
  • Based on system type, the captive segment is estimated to be the most opportunistic segment during the forecast period. Captive segment means the on-site generation of hydrogen. Captive system is very widely used in the developed markets owing to the developed infrastructure. Further, it eliminates the distribution costs as in this system, hydrogen is produced and consumed on the site itself.

Market Dynamics

Driver – The increased deployment of vehicles operated by the fuel cells is boosting the demand for the hydrogen. The development of fuel cell electric vehicles especially the heavy duty and the passenger vehicles is an attempt to reduce carbon emission from vehicles across the globe is expected to drive the demand for the hydrogen. Moreover, the increased urbanization and industrialization has propelled the nations to develop and adopt green energy for protecting the environment from global warming.

Restraints – High capital investment is associated with the production of hydrogen. Various technologies like electrolysis is very much costly and it also consumes lot of energy while producing hydrogen. This factor may hinder the market growth in the upcoming years.

Opportunities – The various developmental strategies like partnerships, joint ventures, and agreements fosters market growth and offers lucrative growth opportunities to the market players. For instance, Obayashi Corporation and Tuaropaki Trust entered started a joint venture named Halcyon Power to develop the first ever carbon-free hydrogen production unit in New Zealand.

Challenges – The major challenge associated with the hydrogen generation is the lack of coal. The lack of coal owing to the halt in the mining centers due to heavy rainfall in 2020 has resulted in power cuts in the major economies like China and India.

Regional Snapshots

Asia Pacific is the dominating and the fastest-growing market for hydrogen generation. This is attributed to the rising number of manufacturing plants and development of various industries in the region. The rapid industrialization has fostered the growth of the hydrogen generation market in Asia Pacific. The robust economic development in the nations like Japan, China, and India has exponentially increased the consumption of hydrogen across various industries. The rising government expenditure on building infrastructure for the distribution of various goods and government policies to attract FDIs is expected to foster the industrial development in the region, which in turn is expected to drive the growth of the hydrogen generation market in the region during the forecast period.

Competition Landscape

In the final section of the research report, Precedence Research provided the global hydrogen generation market structure and a detailed competition landscape to provide a dashboard view of key players operating in the hydrogen generation market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the hydrogen generation market include:

  • Linde plc
  • Air Liquide International S.A.
  • Hydrogenics
  • Inox
  • Messer Group GmbH
  • Air Products and Chemicals, Inc.
  • Weldstar, Inc.
  • Praxair, Inc.
  • McPhy
  • LNI Swissgas

Market Segmentation

By Technology

  • Coal Gasification
  • Steam Methane Reforming
  • Others

By Application

  • Methanol Production
  • Ammonia Production
  • Petroleum Refinery
  • Transportation
  • Power Generation
  • Others

By System Type

  • Merchant
  • Captive

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global hydrogen generation market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for hydrogen generation are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1316

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Hydrogen Generation Market, By Technology

7.1. Hydrogen Generation Market, by Technology Type, 2021-2030

7.1.1. Coal Gasification

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Steam Methane Reforming

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Others

7.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Hydrogen Generation Market, By Application

8.1. Hydrogen Generation Market, by Application, 2021-2030

8.1.1. Methanol Production

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Ammonia Production

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Petroleum Refinery

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Transportation

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Power Generation

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Hydrogen Generation Market, By System 

9.1. Hydrogen Generation Market, by System, 2021-2030

9.1.1. Merchant

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Captive

9.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Hydrogen Generation Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Technology (2019-2030)

10.1.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.3. Market Revenue and Forecast, by System (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.4.3. Market Revenue and Forecast, by System (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.1.5.3. Market Revenue and Forecast, by System (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Technology (2019-2030)

10.2.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.3. Market Revenue and Forecast, by System (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.4.3. Market Revenue and Forecast, by System (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.5.3. Market Revenue and Forecast, by System (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Technology (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.6.3. Market Revenue and Forecast, by System (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Technology (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.2.7.3. Market Revenue and Forecast, by System (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Technology (2019-2030)

10.3.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.3. Market Revenue and Forecast, by System (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.4.3. Market Revenue and Forecast, by System (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.5.3. Market Revenue and Forecast, by System (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Technology (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.6.3. Market Revenue and Forecast, by System (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Technology (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.3.7.3. Market Revenue and Forecast, by System (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.3. Market Revenue and Forecast, by System (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.4.3. Market Revenue and Forecast, by System (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.5.3. Market Revenue and Forecast, by System (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Technology (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.6.3. Market Revenue and Forecast, by System (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Technology (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

10.4.7.3. Market Revenue and Forecast, by System (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.3. Market Revenue and Forecast, by System (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Technology (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.4.3. Market Revenue and Forecast, by System (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Technology (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

10.5.5.3. Market Revenue and Forecast, by System (2019-2030)

Chapter 11. Company Profiles

11.1. Linde plc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Air Liquide International S.A.

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Hydrogenics

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Inox

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Messer Group GmbH

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Air Products and Chemicals, Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Weldstar, Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Praxair, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. McPhy

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. LNI Swissgas

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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