Hydrogen Generation Market Report 2024-2034

Hydrogen Generation Market Report 2024-2034



The Hydrogen Generation Market Report 2024-2034: This report will prove invaluable to leading firms striving for new revenue pockets if they wish to better understand the industry and its underlying dynamics. It will be useful for companies that would like to expand into different industries or to expand their existing operations in a new region.

Technological Advancement in Green Hydrogen Economy

The development of technologies that quicken the current revolution in green hydrogen production is intimately related to the commercial opportunities in the field of green hydrogen. Emergence of novel and inventive technology presents prospects for significant market expansion. The creation of more economical and efficient electrolysis techniques is a crucial path that directly affects the generation of green hydrogen. Proton exchange membrane (PEM) and alkaline systems electrolysis technologies are becoming more and more popular since they are more scalable and have higher energy efficiency.

Furthermore, improvements in solar and wind energy systems and other renewable energy technologies make cleaner, more sustainable energy sources for hydrogen synthesis available. The cost-effectiveness and overall efficiency of producing green hydrogen are further increased by the optimisation of electrolysis operations through the integration of digital technologies and artificial intelligence.

Lagging Policy Support for Low-Emission Hydrogen Investment

There is still a lot of interest in new hydrogen projects, but in order to attract investments, prompt legislative support must be implemented given the difficult economic environment. Notwithstanding the sluggish implementation of financial incentives and resolute cost constraints that pose a threat to project delays, interest in low-emission hydrogen is nevertheless growing. However, production levels can still rise significantly by 2030 if all projects that have been planned come to fruition and more is done to promote uptake.

What Questions Should You Ask before Buying a Market Research Report?
  • How is the hydrogen generation market evolving?
  • What is driving and restraining the hydrogen generation market?
  • How will each hydrogen generation submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2034?
  • How will the market shares for each hydrogen generation submarket develops from 2023 to 2034?
  • What will be the main driver for the overall market from 2024 to 2034?
  • Will leading hydrogen generation markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
  • How will the market shares of the national markets change by 2034 and which geographical region will lead the market in 2034?
  • Who are the leading players and what are their prospects over the forecast period?
  • What are the hydrogen generation projects for these leading companies?
  • How will the industry evolve during the period between 2024 and 2034? What are the implications of hydrogen generation projects taking place now and over the next 10 years?
  • Is there a greater need for product commercialisation to further scale the hydrogen generation market?
  • Where is the hydrogen generation market heading and how can you ensure you are at the forefront of the market?
You need to discover how this will impact the hydrogen generation market today, and over the next 10 years:
  • Our 296-page report provides 116 tables and 171 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – NOW.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.
This report tells you TODAY how the hydrogen generation market will develop in the next 10 years, and in line with the variations in COVID-19 economic recession and bounce. This market is more critical now than at any point over the last 10 years.

Forecasts to 2034 and other analyses reveal commercial prospects
  • In addition to revenue forecasting to 2034, our new study provides you with recent results, growth rates, and market shares.
  • You will find original analyses, with business outlooks and developments.
  • Discover qualitative analyses (including market dynamics, drivers, opportunities, restraints, and challenges), porters five forces analysis, PEST analysis, and recent developments.
Segments Covered in the Report

Delivery Mode Outlook
  • Captive
  • Merchant
Source Outlook
  • Blue Hydrogen
  • Gray Hydrogen
  • Green Hydrogen
Technology Outlook
  • Steam Reforming
  • Partial Oxidation
  • Autothermal Reforming
  • Coal Gasification
  • Electrolysis
Application Outlook
  • Petroleum Refinery
  • Transportation
  • Ammonia Production
  • Methanol Production
  • Power Generation
  • Other Industries
In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for five regional and 16 leading national markets:

North America
  • U.S.
  • Canada
Europe
  • Netherlands
  • Germany
  • Poland
  • Italy
  • France
Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • GCC
  • South Africa
The report also includes profiles and for some of the leading companies in the Hydrogen Generation Market, 2024 to 2034, with a focus on this segment of these companies’ operations.

Leading companies profiled in the report
  • Shell plc
  • Mitsubishi Heavy Industries
  • Air Liquide
  • Siemens Energy AG
  • Engie SA
  • Linde Plc
  • Aramco
  • Air Products
  • Chevron Corporation
  • Ørsted
  • Messer Group
  • Equinor
  • ExxonMobil
  • BP
  • Iwatani Corporation
Overall revenue for Hydrogen Generation Market, 2024 to 2034 in terms of value the market surpassed US$160 billion in 2023, our work calculates. We predict strong revenue growth through to 2033. Our work identifies which organisations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

How will the Hydrogen Generation Market, 2024 to 2034 Market report help you?

In summary, our 290+ page report provides you with the following knowledge:
  • Revenue and volume forecasts to 2034 for Hydrogen Generation Market, 2024 to 2034 Market, with forecasts for application, source, technology, delivery mode, and each forecast at a global, and regional level – discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue and volume forecasts to 2034 for five regional and 16 key national markets – See forecasts for the Hydrogen Generation Market, 2024 to 2034 market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
  • Prospects for established firms and those seeking to enter the market – including company profiles for 15 of the major companies involved in the Hydrogen Generation Market.
Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with invaluable business intelligence.

Information found nowhere else

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Hydrogen Generation Market, 2024 to 2034, market-leading companies. You will find data, trends and predictions.

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The publisher is using a password system to access single user and team licenses. Single user (non-printable) and team licenses expire after 12 month period. In the case of team license purchases, the publisher requires all email addresses for the licensed users prior to fulfilment.


1 Report Overview
1.1 Objectives of the Study
1.2 Introduction to Hydrogen Generation Market
1.3 What This Report Delivers
1.4 Why You Should Read This Report
1.5 Key Questions Answered by This Analytical Report
1.6 Who is This Report for?
1.7 Methodology
1.7.1 Market Definitions
1.7.2 Market Evaluation & Forecasting Methodology
1.7.3 Data Validation
1.7.3.1 Primary Research
1.7.3.2 Secondary Research
1.8 Frequently Asked Questions (FAQs)
1.9 Associated Visiongain Reports
1.10 About Visiongain
2 Executive Summary
3 Market Overview
3.1 Key Findings
3.2 Market Dynamics
3.2.1 Market Driving Factors
3.2.1.1 Stringent Greenhouse Gas Emission Regulations
3.2.1.2 Growing Demand for Low-emission Fuels
3.2.1.3 Growing Green Hydrogen Demand for Various End-User Industries
3.2.2 Market Restraining Factors
3.2.2.1 Higher Cost Than Conventional Energy Options
3.2.2.2 Lagging Policy Support for Low-Emission Hydrogen Investment
3.2.2.3 The Future Demand for Green Hydrogen is Not Assured
3.2.3 Market Opportunities
3.2.3.1 Promote the Rise of Renewable Energy
3.2.3.2 Hydrogen as a Seasonal Long-term Energy Storage Option
3.2.3.3 Technological Advancement in Green Hydrogen Economy
3.3 COVID-19 Impact Analysis
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers (Moderate)
3.4.2 Bargaining Power of Buyers (Moderate)
3.4.3 Competitive Rivalry (High)
3.4.4 Threat from Substitutes (Low - Moderate)
3.4.5 Threat of New Entrants (Low - Moderate)
4 Hydrogen Generation Market Analysis by Source
4.1 Key Findings
4.2 Source Segment: Market Attractiveness Index
4.3 Hydrogen Generation Market Size Estimation and Forecast by Source
4.4 Blue Hydrogen
4.4.1 BP Selected BASF’s Carbon Capture Technology For Blue Hydrogen Project In Teesside
4.4.2 Air Products to Build Europe’s Largest Blue Hydrogen Plant
4.4.3 Market Size by Region, 2024-2034 (US$ Billion)
4.4.4 Market Share by Region, 2024 & 2034 (%)
4.5 Gray Hydrogen
4.5.1 Market Size by Region, 2024-2034 (US$ Billion)
4.5.2 Market Share by Region, 2024 & 2034 (%)
4.6 Green Hydrogen
4.6.1 World's Largest Green Hydrogen Project Begins Production In China
4.6.2 Market Size by Region, 2024-2034 (US$ Billion)
4.6.3 Market Share by Region, 2024 & 2034 (%)
5 Hydrogen Generation Market Analysis by Delivery Mode
5.1 Key Findings
5.2 Delivery Mode Segment: Market Attractiveness Index
5.3 Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
5.4 Captive
5.4.1 Market Size by Region, 2024-2034 (US$ Billion)
5.4.2 Market Share by Region, 2024 & 2034 (%)
5.5 Merchant
5.5.1 Market Size by Region, 2024-2034 (US$ Billion)
5.5.2 Market Share by Region, 2024 & 2034 (%)
6 Hydrogen Generation Market Analysis by Technology
6.1 Key Findings
6.2 Technology Segment: Market Attractiveness Index
6.3 Hydrogen Generation Market Size Estimation and Forecast by Technology
6.4 Steam Reforming
6.4.1 Partners to Study Hydrogen Production Using Rolls-Royce SMR
6.4.2 Market Size by Region, 2024-2034 (US$ Billion)
6.4.3 Market Share by Region, 2024 & 2034 (%)
6.5 Partial Oxidation
6.5.1 Market Size by Region, 2024-2034 (US$ Billion)
6.5.2 Market Share by Region, 2024 & 2034 (%)
6.6 Autothermal Reforming
6.6.1 Market Size by Region, 2024-2034 (US$ Billion)
6.6.2 Market Share by Region, 2024 & 2034 (%)
6.7 Coal Gasification
6.7.1 Market Size by Region, 2024-2034 (US$ Billion)
6.7.2 Market Share by Region, 2024 & 2034 (%)
6.8 Electrolysis
6.8.1 Asahi Kasei Started Construction of Alkaline Water Electrolysis Pilot Plant
6.8.2 Electrolytic Liquid Hydrogen Plant Starts Production In Georgia
6.8.3 Market Size by Region, 2024-2034 (US$ Billion)
6.8.4 Market Share by Region, 2024 & 2034 (%)
7 Hydrogen Generation Market Analysis by Application
7.1 Key Findings
7.2 Application Segment: Market Attractiveness Index
7.3 Hydrogen Generation Market Size Estimation and Forecast by Application
7.4 Petroleum Refinery
7.4.1 TotalEnergies Agrees Deal To Use Green Hydrogen In Oil Refinery
7.4.2 Market Size by Region, 2024-2034 (US$ Billion)
7.4.3 Market Share by Region, 2024 & 2034 (%)
7.5 Transportation
7.5.1 EU Spent €1.2 Billion On Hydrogen Transportation
7.5.2 Market Size by Region, 2024-2034 (US$ Billion)
7.5.3 Market Share by Region, 2024 & 2034 (%)
7.6 Ammonia Production
7.6.1 Japan, South Korea to Build Supply Chain For Hydrogen And Ammonia
7.6.2 ITOCHU Announced Collaboration in the Green Ammonia Project
7.6.3 Market Size by Region, 2024-2034 (US$ Billion)
7.6.4 Market Share by Region, 2024 & 2034 (%)
7.7 Methanol Production
7.7.1 Mystery Developer Announced Plan to Spend Over $3bn on Blue-Hydrogen-to-Methanol Plant
7.7.2 Market Size by Region, 2024-2034 (US$ Billion)
7.7.3 Market Share by Region, 2024 & 2034 (%)
7.8 Power Generation
7.8.1 Japan to co-fire Hydrogen at Power Plant
7.8.2 Germany to Invest €16bn In Hydrogen-Ready Gas-Fired Power Plants
7.8.3 Market Size by Region, 2024-2034 (US$ Billion)
7.8.4 Market Share by Region, 2024 & 2034 (%)
7.9 Other Applications
7.9.1 Market Size by Region, 2024-2034 (US$ Billion)
7.9.2 Market Share by Region, 2024 & 2034 (%)
8 Hydrogen Generation Market Analysis by Region
8.1 Key Findings
8.2 Regional Market Size Estimation and Forecast
9 North America Hydrogen Generation Market Analysis
9.1 Key Findings
9.2 North America Hydrogen Generation Market Attractiveness Index
9.3 North America Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
9.4 North America Hydrogen Generation Market Size Estimation and Forecast by Country
9.5 North America Hydrogen Generation Market Size Estimation and Forecast by Source
9.6 North America Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
9.7 North America Hydrogen Generation Market Size Estimation and Forecast by Technology
9.8 North America Hydrogen Generation Market Size Estimation and Forecast by Application
9.9 U.S. Hydrogen Generation Market Analysis
9.9.1 North America’s Largest Green-Hydrogen Plant Begins Operations in California
9.9.2 Duke Energy Announced Plans to Build and Operate Green Hydrogen in a Combustion Turbine in Florida
9.10 Canada Hydrogen Generation Market Analysis
9.10.1 Canada Approved North America’s First Green Hydrogen Production Plant
9.10.2 Atlantic Canada Targets Startups of Two Green Hydrogen Projects in 2025
10 Europe Hydrogen Generation Market Analysis
10.1 Key Findings
10.2 Europe Hydrogen Generation Market Attractiveness Index
10.3 Europe Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
10.4 Europe Hydrogen Generation Market Size Estimation and Forecast by Country
10.5 Europe Hydrogen Generation Market Size Estimation and Forecast by Source
10.6 Europe Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
10.7 Europe Hydrogen Generation Market Size Estimation and Forecast by Technology
10.8 Europe Hydrogen Generation Market Size Estimation and Forecast by Application
10.9 Germany Hydrogen Generation Market Analysis
10.9.1 Lhyfe Breaks Ground for New 10MW Hydrogen Plant in Germany
10.10 Netherlands Hydrogen Generation Market Analysis
10.10.1 Netherlands to Get World’s Largest Green Hydrogen Plant
10.11 Poland Hydrogen Generation Market Analysis
10.11.1 World’s First Two-way Hydrogen Production Facility Opened in Poland
10.11.2 Hydrogen Utopia to Launched Waste to Hydrogen Plant in Poland
10.12 Italy Hydrogen Generation Market Analysis
10.12.1 Smartenergy Develops A 200 Mwe Green Hydrogen Plant In Sardinia, Italy
10.12.2 Axpo Joined Major Green Hydrogen Project in Italy
10.13 France Hydrogen Generation Market Analysis
10.13.1 Natural Hydrogen Discovered In France
10.13.2 France Unveiled Plan for 6.5GW of 'Low-Carbon Electrolytic Hydrogen' by 2030
10.14 Rest of the Europe Hydrogen Generation Market Analysis
11 Asia Pacific Hydrogen Generation Market Analysis
11.1 Key Findings
11.2 Asia Pacific Hydrogen Generation Market Attractiveness Index
11.3 Asia Pacific Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
11.4 Asia Pacific Hydrogen Generation Market Size Estimation and Forecast by Country
11.5 Asia Pacific Hydrogen Generation Market Size Estimation and Forecast by Source
11.6 Asia Pacific Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
11.7 Asia Pacific Hydrogen Generation Market Size Estimation and Forecast by Technology
11.8 Asia Pacific Hydrogen Generation Market Size Estimation and Forecast by Application
11.9 China Hydrogen Generation Market Analysis
11.9.1 China’s Green Hydrogen New Era
11.9.2 China’s Sinopec Starts First Green Hydrogen Plant in Xinjiang
11.10 India Hydrogen Generation Market Analysis
11.10.1 Scindia To Inaugurate Jindal Stainless' 1st Green Hydrogen Plant
11.10.2 Status of Adoption of Green Hydrogen in the Country
11.11 Japan Hydrogen Generation Market Analysis
11.11.1 Japan’s Largest Offshore Wind-Powered Hydrogen Plant To Begin Operations
11.11.2 Japan to Allocate Clean Hydrogen Subsidies
11.12 South Korea Hydrogen Generation Market Analysis
11.12.1 SK E&S and Partners Aim to Build Korea’s Largest Low-Carbon Hydrogen Plant
11.12.2 South Korea to Create Six Hydrogen Cities
11.13 Australia Hydrogen Generation Market Analysis
11.13.1 JGC Awarded EPC Contract for Hydrogen Project in Australia
11.13.2 Australian Gas Networks - HypSA
11.13.3 Trafigura Group - Port Pirie Green Hydrogen Project
11.14 Rest of Asia Pacific Hydrogen Generation Market Analysis
12 Latin America Hydrogen Generation Market Analysis
12.1 Key Findings
12.2 Latin America Hydrogen Generation Market Attractiveness Index
12.3 Latin America Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
12.4 Latin America Hydrogen Generation Market Size Estimation and Forecast by Country
12.5 Latin America Hydrogen Generation Market Size Estimation and Forecast by Source
12.6 Latin America Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
12.7 Latin America Hydrogen Generation Market Size Estimation and Forecast by Technology
12.8 Latin America Hydrogen Generation Market Size Estimation and Forecast by Application
12.9 Brazil Hydrogen Generation Market Analysis
12.9.1 EU to Back 10-GW Green Hydrogen Project in Brazil
12.9.2 Brazil Revealed $3.6 Billion Hydrogen Production Plan
12.10 Mexico Hydrogen Generation Market Analysis
12.11 Rest of Latin America Hydrogen Generation Market Analysis
13 Middle East & Africa Hydrogen Generation Market Analysis
13.1 Key Findings
13.2 Middle East & Africa Hydrogen Generation Market Attractiveness Index
13.3 Middle East & Africa Hydrogen Generation Market by Country, 2024, 2029, and 2034 (US$ Billion)
13.4 Middle East & Africa Hydrogen Generation Market Size Estimation and Forecast by Country
13.5 Middle East & Africa Hydrogen Generation Market Size Estimation and Forecast by Source
13.6 Middle East & Africa Hydrogen Generation Market Size Estimation and Forecast by Delivery Mode
13.7 Middle East & Africa Hydrogen Generation Market Size Estimation and Forecast by Technology
13.8 Middle East & Africa Hydrogen Generation Market Size Estimation and Forecast by Application
13.9 GCC Hydrogen Generation Market Analysis
13.9.1 NEOM Green Hydrogen Project
13.9.2 UAE Targets 15 million Tonnes of Green Hydrogen Production by 2050
13.9.3 Qatar to Build World’s Largest Ammonia Plant
13.10 South Africa Hydrogen Generation Market Analysis
13.10.1 South Africa Green Hydrogen Vision and Strategy
13.11 Rest of Middle East & Africa Hydrogen Generation Market Analysis
14 Company Profiles
14.1 Shell plc
14.1.1 Company Snapshot
14.1.2 Company Overview
14.1.3 Financial Analysis
14.1.3.1 Net Revenue, 2018-2023
14.1.3.2 Segment Market Shares, 2023
14.1.4 Product Benchmarking
14.1.5 Strategic Outlook
14.2 Mitsubishi Heavy Industries, Ltd
14.2.1 Company Snapshot
14.2.2 Company Overview
14.2.3 Financial Analysis
14.2.3.1 Net Revenue, 2018-2023
14.2.3.2 Regional Market Shares, 2022
14.2.3.3 Segment Market Shares, 2022
14.2.4 Product Benchmarking
14.2.5 Strategic Outlook
14.3 Air Liquide
14.3.1 Company Snapshot
14.3.2 Company Overview
14.3.3 Financial Analysis
14.3.3.1 Net Revenue, 2018-2022
14.3.3.2 Regional Market Shares, 2022
14.3.3.3 Segment Market Shares, 2022
14.3.4 Product Benchmarking
14.3.5 Strategic Outlook
14.4 Siemens Energy AG
14.4.1 Company Snapshot
14.4.2 Company Overview
14.4.3 Financial Analysis
14.4.3.1 Net Revenue, 2018-2022
14.4.3.2 Regional Market Shares, 2022
14.4.3.3 Segment Market Shares, 2022
14.4.4 Product Benchmarking
14.4.5 Strategic Outlook
14.5 Engie SA
14.5.1 Company Snapshot
14.5.2 Company Overview
14.5.3 Financial Analysis
14.5.3.1 Net Revenue, 2018-2022
14.5.3.2 Segment Market Shares, 2022
14.5.4 Product Benchmarking
14.5.5 Strategic Outlook
14.6 Linde Plc
14.6.1 Company Snapshot
14.6.2 Company Overview
14.6.3 Financial Analysis
14.6.3.1 Net Revenue, 2018-2022
14.6.3.2 Regional Market Shares, 2022
14.6.3.3 Segment Market Shares, 2022
14.6.4 Product Benchmarking
14.6.5 Strategic Outlook
14.7 Aramco
14.7.1 Company Snapshot
14.7.2 Company Overview
14.7.3 Financial Analysis
14.7.3.1 Net Revenue, 2018-2022
14.7.4 Product Benchmarking
14.7.5 Strategic Outlook
14.8 Air Products
14.8.1 Company Snapshot
14.8.2 Company Overview
14.8.3 Financial Analysis
14.8.3.1 Net Revenue, 2018-2022
14.8.3.2 Regional Market Shares, 2023
14.8.4 Product Benchmarking
14.8.5 Strategic Outlook
14.9 Chevron Corporation
14.9.1 Company Snapshot
14.9.2 Company Overview
14.9.3 Financial Analysis
14.9.3.1 Net Revenue, 2018-2022
14.9.3.2 Regional Market Shares, 2022
14.9.3.3 Segment Market Shares, 2022
14.9.4 Product Benchmarking
14.9.5 Strategic Outlook
14.10 Ørsted
14.10.1 Company Snapshot
14.10.2 Company Overview
14.10.3 Financial Analysis
14.10.3.1 Net Revenue, 2018-2023
14.10.3.2 Segment Market Shares, 2023
14.10.4 Product Benchmarking
14.10.5 Strategic Outlook
14.11 Messer Group
14.11.1 Company Snapshot
14.11.2 Company Overview
14.11.3 Product Benchmarking
14.11.4 Strategic Outlook
14.12 Equinor
14.12.1 Company Snapshot
14.12.2 Company Overview
14.12.3 Financial Analysis
14.12.3.1 Net Revenue, 2018-2022
14.12.3.2 Regional Market Shares, 2022
14.12.3.3 Segment Market Shares, 2022
14.12.4 Product Benchmarking
14.12.5 Strategic Outlook
14.13 ExxonMobil
14.13.1 Company Snapshot
14.13.2 Company Overview
14.13.3 Financial Analysis
14.13.3.1 Net Revenue, 2018-2022
14.13.3.2 Regional Market Shares, 2022
14.13.3.3 Segment Market Shares, 2022
14.13.4 Product Benchmarking
14.13.5 Strategic Outlook
14.14 BP
14.14.1 Company Snapshot
14.14.2 Company Overview
14.14.3 Financial Analysis
14.14.3.1 Net Revenue, 2018-2022
14.14.3.2 Segment Market Shares, 2022
14.14.4 Product Benchmarking
14.14.5 Strategic Outlook
14.15 Iwatani Corporation
14.15.1 Company Snapshot
14.15.2 Company Overview
14.15.3 Product Benchmarking
14.15.4 Strategic Outlook
15 Conclusion and Recommendations
15.1 Concluding Remarks from Visiongain
15.2 Recommendations

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