The Hydrogen Generation Market size is estimated at USD 184.74 billion in 2024, and is expected to reach USD 227.25 billion by 2029, growing at a CAGR of 4.23% during the forecast period (2024-2029).
Over the medium term, factors such as supportive government policies coupled with the increasing demand from refineries and the industrial sector are likely to drive the hydrogen generation market during the forecast period.
The hydrogen generation market is moderately fragmented. Some of the major players in the market (in no particular order) include ITM Power plc, Linde plc, Engie SA, The Messer Group GmbH, and Air Liquide SA.
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