Austin, TX, USA, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Hydrogen Generation Market Size, Trends and Insights By Source (Green Hydrogen, Blue Hydrogen, Gray Hydrogen), By Process (Methane Reforming, Coal Gasification, Electrolysis, Others), By Delivery Mode (Captive, Merchant), By Application (Chemical Processing, Transportation, Petroleum Recovery, Power Generation), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of global Hydrogen Generation Market size & share was valued at approximately USD 158.5 Billion in 2022 and is expected to reach USD 160.2 Billion in 2023 and is expected to reach a value of around USD 280.4 Billion by 2032, at a compound annual growth rate (CAGR) of about 8.8% during the forecast period 2023 to 2032.”
Click Here to Access a Free Sample Report of the Global Hydrogen Generation Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=40525
Hydrogen Generation Market – Overview
Hydrogen is the most abundant element in the universe, constituting about 75% of its elemental mass. It is considered a versatile energy carrier and has the potential to play a significant role in the transition to a sustainable and low-carbon energy economy. Hydrogen extracted from various processes is classified into three types blue hydrogen, grey hydrogen, and green hydrogen.
Global trends in the hydrogen generation market include a heightened focus on green hydrogen production using renewable energy sources, advancements in electrolysis technologies, and increasing investments in hydrogen infrastructure. Growing support from governments for hydrogen as a clean energy carrier, coupled with rising demand in sectors like transportation and industrial applications, propels market expansion.
By source, grey hydrogen segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. The trends in grey hydrogen focus on optimizing production processes, emphasizing carbon capture and utilization. The hydrogen generation market sees a rise in efforts to enhance the environmental footprint of gray hydrogen by implementing carbon capture and storage (CCS) technologies.
By process, the steam methane reforming segment held the highest market share in 2022. Steam methane reforming is a prominent method driving the hydrogen generation market due to its efficiency and widespread industrial adoption. As industries seek cleaner energy solutions, SMR provides a transitional pathway by leveraging existing resources, contributing significantly to the current growth of the hydrogen generation market.
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By delivery mode, the captive segment held the highest market share in 2022. Captive hydrogen generation, where industries produce hydrogen for its consumption, drives the hydrogen market by ensuring a localized and reliable supply for specific applications. This approach enhances operational efficiency, reduces dependence on external sources, and aligns with sustainability goals, fostering the growth of the hydrogen generation market.
By end use industry, the chemical processing segment held the highest market share in 2022. It serves as a key component in the production of ammonia, refining petroleum, and manufacturing chemicals, making it an essential element in the chemical industry’s operations and contributing to the demand for hydrogen generation technologies.
Asia-Pacific drives the hydrogen generation market due to its commitment to cleaner energy, substantial investments in hydrogen infrastructure, and a growing demand for hydrogen in industrial sectors. Governments in countries like Japan, South Korea, and China actively promote hydrogen technologies, fostering a conducive environment for market growth and technological advancements.
(A free sample of the Hydrogen Generation report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Hydrogen Generation report has been modified to include the COVID-19 impact study prior to delivery.)
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Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 160.2 Billion |
| Projected Market Size in 2032 | USD 280.4 Billion |
| Market Size in 2022 | USD 158.5 Billion |
| CAGR Growth Rate | 8.8% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Source, Process, Delivery Mode, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Custom Market Insights has comprehensively analyzed hydrogen generation market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this hydrogen generation industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the Hydrogen Generation market and what is its expected growth rate?
- What are the primary driving factors that push the Hydrogen Generation market forward?
- What are the Hydrogen Generation Industry's top companies?
- What are the different categories that the Hydrogen Generation Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Hydrogen Generation market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Hydrogen Generation Market – Regional Insight
By region, Hydrogen Generation market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia Pacific dominated the global hydrogen generation market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.
The Asia-Pacific region plays a pivotal role in driving the hydrogen generation market. Growing emphasis on transitioning towards cleaner energy sources and hydrogen is positioned as a key element in achieving this goal.
Governments in countries like Japan, South Korea, and China are investing significantly in hydrogen infrastructure, production, and research, fostering a conducive environment for market growth. Increasing industrialization and urbanization drive the demand for hydrogen in sectors like manufacturing, transportation, and energy.
Additionally, the region’s commitment to decarbonization aligns with hydrogen’s potential as a clean energy carrier. The development of hydrogen-based technologies, such as fuel cells, further stimulates market expansion.
Government policies, incentives, and collaborations with industry players contribute to Asia-Pacific pivotal role in propelling the hydrogen generation market forward, making it a key player in the global shift toward a hydrogen economy.
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Browse the full “Hydrogen Generation Market Size, Trends and Insights By Source (Green Hydrogen, Blue Hydrogen, Gray Hydrogen), By Process (Methane Reforming, Coal Gasification, Electrolysis, Others), By Delivery Mode (Captive, Merchant), By Application (Chemical Processing, Transportation, Petroleum Recovery, Power Generation), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/hydrogen-generation-market/
List of the prominent players in the Hydrogen Generation Market:
- Air Liquide
- Linde plc
- Air Products and Chemicals Inc.
- Hydrogenics Corporation
- Ballard Power Systems
- Plug Power Inc.
- ITM Power
- McPhy Energy
- Nel Hydrogen
- Siemens Energy
- Cummins Inc.
- Green Hydrogen Systems
- Mitsubishi Power
- Toshiba Energy Systems & Solutions Corporation
- Enapter
- Nel Hydrogen Electrolyser
- Doosan Fuel Cell
- Uniper SE
- PowerTap Hydrogen Fueling Corp.
- Hexagon Purus
- Others
Cummins collaborated with Tecnimont Private Limited to build a PEM electrolyzer for GAIL to produce 4.3 tons of green hydrogen per day. Cummins supplied and commissioned more than 600 electrolyzer worldwide with PEM and alkaline technologies.
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The Hydrogen Generation Market is segmented as follows:
By Source
- Green Hydrogen
- Blue Hydrogen
- Gray Hydrogen
By Process
- Methane Reforming
- Coal Gasification
- Electrolysis
- Others
By Delivery Mode
- Captive
- Merchant
By Application
- Chemical Processing
- Transportation
- Petroleum Recovery
- Power Generation
- Others
Click Here to Get a Free Sample Report of the Global Hydrogen Generation Market @ https://www.custommarketinsights.com/report/hydrogen-generation-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Hydrogen Generation Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Hydrogen Generation Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Hydrogen Generation Market? What Was the Capacity, Production Value, Cost and PROFIT of the Hydrogen Generation Market?
- What Is the Current Market Status of the Hydrogen Generation Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Hydrogen Generation Market by Considering Applications and Types?
- What Are Projections of the Global Hydrogen Generation Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Hydrogen Generation Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Hydrogen Generation Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Hydrogen Generation Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Hydrogen Generation Industry?
Click Here to Access a Free Sample Report of the Global Hydrogen Generation Market @ https://www.custommarketinsights.com/report/hydrogen-generation-market/
Reasons to Purchase Hydrogen Generation Market Report
- Hydrogen Generation Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Hydrogen Generation Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Hydrogen Generation Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Hydrogen Generation Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Hydrogen Generation market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium Hydrogen Generation Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/hydrogen-generation-market/
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Hydrogen Generation market analysis.
- The competitive environment of current and potential participants in the Hydrogen Generation market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Hydrogen Generation market should find this report useful. The research will be useful to all market participants in the Hydrogen Generation industry.
- Managers in the Hydrogen Generation sector are interested in publishing up-to-date and projected data about the worldwide Hydrogen Generation market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Hydrogen Generation products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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