Mordor Intelligence has published a new report on the Hydrogen Generation Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The Hydrogen Generation Market is projected to be valued at USD 192.55 billion in 2025 and is expected to grow to USD 236.87 billion by 2030, reflecting a CAGR of 4.23% during the forecast period (2025-2030).
The industry has undergone significant changes in production methods and technological advancements. Innovations in electrolyzer development have played a crucial role in driving growth. Additionally, the transportation sector has emerged as a key factor fueling the expansion of hydrogen generation.
Key Trends
1. Surge in Green Hydrogen Production
Green hydrogen, produced using renewable energy sources, is gaining significant traction. The global green hydrogen market is expected to reach 0.45 million tons in 2025 and grow at a CAGR of 36.35% to reach 2.12 million tons by 2030.
This surge is driven by technological advancements in electrolysis and substantial investments from both public and private sectors. Countries like Australia are channeling resources into green hydrogen projects, aiming to position themselves as leaders in the renewable energy sector.
2. Strategic Collaborations and Investments
The hydrogen sector is witnessing a wave of strategic partnerships aimed at accelerating technology development and infrastructure expansion. Major corporations are collaborating to enhance hydrogen production capabilities and establish distribution networks, signaling a collective move towards a hydrogen-centric energy ecosystem. These alliances are crucial for scaling up operations and achieving cost reductions in hydrogen production and distribution.
3. Policy Support and Regulatory Frameworks
Governments globally are implementing supportive policies and regulatory frameworks to foster hydrogen adoption. Incentives, subsidies, and national hydrogen strategies are being rolled out to stimulate market growth. For instance, the European Union has outlined ambitious plans to integrate hydrogen into its energy mix, aiming to bolster energy security and meet climate objectives. Such policy interventions are pivotal in creating a conducive environment for hydrogen market expansion.
Market Segmentation
1. By Source
Grey Hydrogen: Produced from fossil fuels like natural gas, grey hydrogen currently dominates the market due to established production technologies and lower costs.
Blue Hydrogen: Derived from fossil fuels with carbon capture and storage (CCS) technologies, blue hydrogen serves as a transitional solution towards low-carbon energy systems.
Green Hydrogen: Generated using renewable energy sources, green hydrogen is witnessing rapid growth, aligning with global sustainability goals.
2. By Technology
Steam Methane Reforming (SMR): A prevalent method involving the reaction of methane with steam to produce hydrogen, commonly used due to its cost-effectiveness.
Coal Gasification: Involves converting coal into hydrogen and carbon monoxide, primarily utilized in regions with abundant coal reserves.
Electrolysis: Utilizes electricity to split water into hydrogen and oxygen, with advancements in this technology driving the growth of green hydrogen production.
3. By Application
Oil Refining: Hydrogen is essential in refining processes to produce cleaner fuels, aiding in compliance with environmental regulations.
Chemical Processing: Serves as a critical feedstock in producing ammonia, methanol, and other chemicals, underscoring its industrial significance.
Iron and Steel Production: Emerging applications in iron and steel manufacturing aim to reduce carbon emissions by substituting traditional carbon-intensive methods with hydrogen-based processes.
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Key Players
The hydrogen generation market is characterized by the presence of several key players who are instrumental in shaping its trajectory:
Linde Plc: A global leader in industrial gases, Linde is actively involved in hydrogen production and distribution, leveraging its extensive infrastructure to support market growth.
Air Liquide SA: Specializing in gases for industry and health, Air Liquide is investing in hydrogen energy solutions, including production, storage, and supply chain development.
Air Products and Chemicals Inc.: Engages in large-scale hydrogen projects, focusing on supplying hydrogen for transportation and industrial applications.
Engie S.A.: A multinational energy company, Engie is exploring green hydrogen projects, integrating renewable energy sources to produce sustainable hydrogen.
Messer Group GmbH: Offers a range of industrial gases, including hydrogen, and is expanding its production capacities to meet increasing demand.
Green Hydrogen Market: The Green Hydrogen Market Report is categorized by end-user industry, including refining, chemicals, iron and steel, transportation, power, and other sectors. It also segments the market by geography, covering Asia-Pacific, North America, Europe, and the Rest of the World. The report provides market size estimates and forecasts for green hydrogen in terms of volume (tons).
Liquid Hydrogen Market: The report analyzes global trends in the liquid hydrogen market and segments it by distribution method (cryogenic tanks and high-pressure tube trailers), end-user industry (automotive, aerospace, marine, and other sectors), and geography (Asia-Pacific, North America, Europe, and the Rest of the World). It provides market size estimates and forecasts in volume (tons) for all these segments.
Hydrogen Fuel Cell Vehicle Market: The report provides projections and insights into the hydrogen fuel cell vehicle market. It segments the market by vehicle type (passenger cars and commercial vehicles), technology (proton exchange membrane fuel cell and phosphoric acid fuel cell), and geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report includes market size estimates and forecasts in terms of value (USD) for all these segments
Conclusion
The hydrogen generation market is poised for substantial growth, driven by the global shift towards sustainable energy solutions and decarbonization efforts. Technological advancements, strategic collaborations, and supportive policies are collectively propelling the market forward. As key players continue to innovate and invest in hydrogen technologies, the market is expected to evolve, offering cleaner energy alternatives and contributing significantly to global sustainability goals.
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