Hydrogen Generation Market Size - By Delivery Mode (Captive, Merchant), By Process (Steam Reforming, Electrolysis), By Application (Petroleum Refining, Chemical, Metal), Industry Analysis Report, Regional Outlook, & Global Forecast, 2023-2032

Description

List of Tables

Global Hydrogen Generation Market is primed to amass substantial gains during 2023-2032 owing to the commendable rise in crude oil consumption. Moreover, surging investments toward expanding existing refining facilities in developing economies will boost product adoption in the upcoming years.

Supportive funding programs and investments in new clean hydrogen production projects will also propel product adoption. For instance, in March 2023, the U.S. DOE announced an investment of $750 million for R&D and a transition program to reduce the cost of clean hydrogen. This initiative will aid in achieving a clean electrical grid by 2035 and net-zero carbon emissions by 2050, thus, accelerating hydrogen commercialization in the coming years.

The key players in the hydrogen generation market are focusing on new product launches and R&D programs to attain a competitive edge. To cite an instance, in March 2023, Cummins Inc., a fuel engine and generators manufacturing firm, launched a new power business unit, Accelera which will provide zero-emissions solutions for major industries transitioning to a sustainable future. With this, the company aims to expand its product offerings and boost its market position.

The hydrogen generation market is bifurcated in terms of delivery mode, process, application, and region.

Based on delivery mode, the merchant segment is primed to exhibit a remarkable growth rate over 2023-2032 due to the cost-effective benefits associated with merchant delivery mode and the increasing awareness regarding hydrogen in transportation, power generation, and industrial processes. Merchant hydrogen saves capital investments and long-term maintenance costs which is fueling the product adoption. Moreover, the merchant delivery mode offers scalability and flexibility that enables companies to adjust their hydrogen consumption at any time.

With respect to application, the hydrogen generation market size from others segment is expected to depict considerable growth from 2023 to 2032. The others segment includes glass, agriculture, pharmaceuticals, semiconductors, and transport. The expansion of buildings, the power industry, and the transport sector will complement the industry outlook. As aviation and shipping industries have limited options in terms of low-carbon fuel, hydrogen caters to their environmental targets. The IEA speculates that by 2030, around 4 metric tons of blended hydrogen will be potentially utilized for heating buildings.

Regionally, the Europe hydrogen generation market revenue share was over USD 29 billion in 2022. The regional growth can be attributed to the ongoing government regulations & policies to minimize carbon footprints. Large-scale production processes in industries, including transport, food & beverage, and semiconductors are projected to foster product demand. In March 2023, the European Commission announced plans to boost and invest in sustainable hydrogen production under European Hydrogen Bank to achieve climate neutrality by 2050.

Product Code: 1107

Chapter 1 Methodology & Scope

1.1 Market scope and definitions
1.2 Base estimates and calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid
  - 1.4.2.2 Public
1.5 Abbreviations

Chapter 2 Executive Summary

2.1 Hydrogen generation industry 360 degree synopsis, 2019-2032
- 2.1.1 Business trends
- 2.1.2 Delivery mode trends
- 2.1.3 Process trends
- 2.1.4 Application trends
- 2.1.5 Regional trends

Chapter 3 Hydrogen Generation Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Vendor matrix
3.2 Regulatory landscape
- 3.2.1 North America
  - 3.2.1.1 U.S.
    - 3.2.1.1.1 Inflation Reduction Act of 2022
    - 3.2.1.1.2 Bipartisan Infrastructure Law Clean Hydrogen Initiatives
    - 3.2.1.1.3 The American Jobs Plan
    - 3.2.1.1.4 Energy Policy Act, 2005
    - 3.2.1.1.5 H2@Scale initiative
  - 3.2.1.2 Canada
  - 3.2.1.3 Mexico
    - 3.2.1.3.1 Mexican Official Standard NOM-017-CRE-2019
    - 3.2.1.3.2 Energy Transition Law
- 3.2.2 Europe
  - 3.2.2.1 UK
  - 3.2.2.2 Germany
  - 3.2.2.3 Italy
  - 3.2.2.4 Netherlands
  - 3.2.2.5 Spain
  - 3.2.2.6 France
- 3.2.3 Asia Pacific
  - 3.2.3.1 China
    - 3.2.3.1.1 Green Hydrogen Standard
  - 3.2.3.2 India
  - 3.2.3.3 Japan
  - 3.2.3.4 Australia
  - 3.2.3.5 South Korea
    - 3.2.3.5.1 Hydrogen Act
- 3.2.4 Middle East & Africa
  - 3.2.4.1 UAE
  - 3.2.4.2 Saudi Arabia
  - 3.2.4.3 Oman
  - 3.2.4.4 South Africa
- 3.2.5 Latin America
  - 3.2.5.1 Colombia
    - 3.2.5.1.1 Energy Transition Law
  - 3.2.5.2 Brazil
  - 3.2.5.3 Chile
3.3 COVID- 19 impact on the industry outlook
- 3.3.1 Overall view
3.4 Use of MOF catalysts in hydrogen generation
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Favorable government regulations & policy measures
  - 3.5.1.2 Increasing focus toward clean energy
  - 3.5.1.3 Technological advancements
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 Complex hydrogen value chains, greater distribution costs and safety concerns
3.6 Growth potential analysis
3.7 Porter's analysis
- 3.7.1 Bargaining power of suppliers
- 3.7.2 Bargaining power of buyers
- 3.7.3 Threat to new entrants
- 3.7.4 Threat of substitutes
3.8 PESTEL analysis

Chapter 4 Competitive Benchmarking

4.1 Innovation & sustainability landscape
- 4.1.1 Air Liquide
- 4.1.2 Ally Hi-Tech Co., Ltd.
- 4.1.3 Plug Power Inc.
- 4.1.4 McPhy Energy
- 4.1.5 ENGIE
4.2 Competitive landscape, 2022
- 4.2.1 Strategy dashboard
  - 4.2.1.1 Air Liquide
    - 4.2.1.1.1 Business Expansion
    - 4.2.1.1.2 Memorandum of Understanding
    - 4.2.1.1.3 Acquisition
    - 4.2.1.1.4 Product Deployment
    - 4.2.1.1.5 Partnership, Agreements and Collaboration
  - 4.2.1.2 Air Products and Chemicals, Inc.
    - 4.2.1.2.1 Investment
    - 4.2.1.2.2 Contract
    - 4.2.1.2.3 Business Expansion
    - 4.2.1.2.4 Collaboration, Partnership and Agreements
  - 4.2.1.3 Cummins Inc.
    - 4.2.1.3.1 Acquisition
  - 4.2.1.4 Iwatani Corporation
    - 4.2.1.4.1 Business Expansion
    - 4.2.1.4.2 Project Development
  - 4.2.1.5 Messer
    - 4.2.1.5.1 Business Expansion
    - 4.2.1.5.2 Acquisition
  - 4.2.1.6 Ally Hi-Tech Co., Ltd.
    - 4.2.1.6.1 Partnership
  - 4.2.1.7 CALORIC
    - 4.2.1.7.1 Contract
    - 4.2.1.7.2 Project development
  - 4.2.1.8 Plug Power Inc.
    - 4.2.1.8.1 Agreement, Contract and Partnership
    - 4.2.1.8.2 Facility Development
    - 4.2.1.8.3 Acquisition
  - 4.2.1.9 TAIYO NIPPON SANSO CORPORATION
    - 4.2.1.9.1 Partnership
  - 4.2.1.10 Ballard Power Systems
    - 4.2.1.10.1 Agreement and Partnership
  - 4.2.1.11 Xebec Adsorption Inc.
    - 4.2.1.11.1 Agreement, Contract and Collaboration
    - 4.2.1.11.2 Acquisition
  - 4.2.1.12 McPhy Energy S.A.
    - 4.2.1.12.1 Agreement, Partnership and Collaboration
    - 4.2.1.12.2 Business Development
  - 4.2.1.13 HyGear
    - 4.2.1.13.1 Agreement, Contract and Collaboration
  - 4.2.1.14 ENGIE
    - 4.2.1.14.1 Collaboration

Chapter 5 Hydrogen Generation Market, By Delivery Mode

5.1 Key delivery mode trends
5.2 Captive
- 5.2.1 Global market from captive, 2019 - 2032
- 5.2.2 Global market from captive, by region, 2019 - 2032
5.3 Merchant
- 5.3.1 Global market from merchant, 2019 - 2032
- 5.3.2 Global market from merchant, by region, 2019 - 2032

Chapter 6 Hydrogen Generation Market, By Process

6.1 Key process trends
6.2 Steam Reforming
- 6.2.1 Global market from steam reforming, 2019 - 2032
- 6.2.2 Global market from steam reforming, by region, 2019 - 2032
6.3 Electrolysis
- 6.3.1 Global market from electrolysis, 2019 - 2032
- 6.3.2 Global market from electrolysis, by region, 2019 - 2032
6.4 Others
- 6.4.1 Global market from others, 2019 - 2032
- 6.4.2 Global market from others, by region, 2019 - 2032

Chapter 7 Hydrogen Generation Market, By Application

7.1 Key application trends
7.2 Petroleum refining
- 7.2.1 Global market from Petroleum refining, 2019 - 2032
- 7.2.2 Global market from Petroleum refining, by region, 2019 - 2032
7.3 Chemical
- 7.3.1 Global market from chemical, 2019 - 2032
- 7.3.2 Global market from chemical, by region, 2019 - 2032
7.4 Metal
- 7.4.1 Global market from metal, 2019 - 2032
- 7.4.2 Global market from metal, by region, 2019 - 2032
7.5 Others
- 7.5.1 Global market from others, 2019 - 2032
- 7.5.2 Global market from others, by region, 2019 - 2032

Chapter 8 Hydrogen Generation Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 North America market, 2019 - 2032
- 8.2.2 North America market by delivery mode, 2019 - 2032
- 8.2.3 North America market by process, 2019 - 2032
- 8.2.4 North America market by application, 2019 - 2032
- 8.2.5 U.S.
  - 8.2.5.1 U.S. market, 2019 - 2032
  - 8.2.5.2 U.S. market by delivery mode, 2019 - 2032
  - 8.2.5.3 U.S. market by process, 2019 - 2032
  - 8.2.5.4 U.S. market by application, 2019 - 2032
- 8.2.6 Canada
  - 8.2.6.1 Canada market, 2019 - 2032
  - 8.2.6.2 Canada market by delivery mode, 2019 - 2032
  - 8.2.6.3 Canada market by process, 2019 - 2032
  - 8.2.6.4 Canada market by application, 2019 - 2032
- 8.2.7 Mexico
  - 8.2.7.1 Mexico market, 2019 - 2032
  - 8.2.7.2 Mexico market by delivery mode, 2019 - 2032
  - 8.2.7.3 Mexico market by process, 2019 - 2032
  - 8.2.7.4 Mexico market by application, 2019 - 2032
8.3 Europe
- 8.3.1 Europe market, 2019 - 2032
- 8.3.2 Europe market by delivery mode, 2019 - 2032
- 8.3.3 Europe market by process, 2019 - 2032
- 8.3.4 Europe market by application, 2019 - 2032
- 8.3.5 Germany
  - 8.3.5.1 Germany market, 2019 - 2032
  - 8.3.5.2 Germany market by delivery mode, 2019 - 2032
  - 8.3.5.3 Germany market by process, 2019 - 2032
  - 8.3.5.4 Germany market by application, 2019 - 2032
- 8.3.6 UK
  - 8.3.6.1 UK market, 2019 - 2032
  - 8.3.6.2 UK market by delivery mode, 2019 - 2032
  - 8.3.6.3 UK market by process, 2019 - 2032
  - 8.3.6.4 UK market by application, 2019 - 2032
- 8.3.7 France
  - 8.3.7.1 France market, 2019 - 2032
  - 8.3.7.2 France market by delivery mode, 2019 - 2032
  - 8.3.7.3 France market by process, 2019 - 2032
  - 8.3.7.4 France market by application, 2019 - 2032
- 8.3.8 Italy
  - 8.3.8.1 Italy market, 2019 - 2032
  - 8.3.8.2 Italy market by delivery mode, 2019 - 2032
  - 8.3.8.3 Italy market by process, 2019 - 2032
  - 8.3.8.4 Italy market by application, 2019 - 2032
- 8.3.9 Netherlands
  - 8.3.9.1 Netherlands market, 2019 - 2032
  - 8.3.9.2 Netherlands market by delivery mode, 2019 - 2032
  - 8.3.9.3 Netherlands market by process, 2019 - 2032
  - 8.3.9.4 Netherlands market by application, 2019 - 2032
- 8.3.10 Russia
  - 8.3.10.1 Russia market, 2019 - 2032
  - 8.3.10.2 Russia market by delivery mode, 2019 - 2032
  - 8.3.10.3 Russia market by process, 2019 - 2032
  - 8.3.10.4 Russia market by application, 2019 - 2032
8.4 Asia Pacific
- 8.4.1 Asia Pacific market, 2019 - 2032
- 8.4.2 Asia Pacific market by delivery mode, 2019 - 2032
- 8.4.3 Asia Pacific market by process, 2019 - 2032
- 8.4.4 Asia Pacific market by application, 2019 - 2032
- 8.4.5 China
  - 8.4.5.1 China market, 2019 - 2032
  - 8.4.5.2 China market by delivery mode, 2019 - 2032
  - 8.4.5.3 China market by process, 2019 - 2032
  - 8.4.5.4 China market by application, 2019 - 2032
- 8.4.6 India
  - 8.4.6.1 India market, 2019 - 2032
  - 8.4.6.2 India market by delivery mode, 2019 - 2032
  - 8.4.6.3 India market by process, 2019 - 2032
  - 8.4.6.4 India market by application, 2019 - 2032
- 8.4.7 Japan
  - 8.4.7.1 Japan market, 2019 - 2032
  - 8.4.7.2 Japan market by delivery mode, 2019 - 2032
  - 8.4.7.3 Japan market by process, 2019 - 2032
  - 8.4.7.4 Japan market by application, 2019 - 2032
8.5 Middle East & Africa
- 8.5.1 Middle East & Africa market, 2019 - 2032
- 8.5.2 Middle East & Africa market by delivery mode, 2019 - 2032
- 8.5.3 Middle East & Africa market by process, 2019 - 2032
- 8.5.4 Middle East & Africa market by application, 2019 - 2032
- 8.5.5 Saudi Arabia
  - 8.5.5.1 Saudi Arabia market, 2019 - 2032
  - 8.5.5.2 Saudi Arabia market by delivery mode, 2019 - 2032
  - 8.5.5.3 Saudi Arabia market by process, 2019 - 2032
  - 8.5.5.4 Saudi Arabia market by application, 2019 - 2032
- 8.5.6 Iran
  - 8.5.6.1 Iran market, 2019 - 2032
  - 8.5.6.2 Iran market by delivery mode, 2019 - 2032
  - 8.5.6.3 Iran market by process, 2019 - 2032
  - 8.5.6.4 Iran market by application, 2019 - 2032
- 8.5.7 UAE
  - 8.5.7.1 UAE market, 2019 - 2032
  - 8.5.7.2 UAE market by delivery mode, 2019 - 2032
  - 8.5.7.3 UAE market by process, 2019 - 2032
  - 8.5.7.4 UAE market by application, 2019 - 2032
- 8.5.8 South Africa
  - 8.5.8.1 South Africa market, 2019 - 2032
  - 8.5.8.2 South Africa market by delivery mode, 2019 - 2032
  - 8.5.8.3 South Africa market by process, 2019 - 2032
  - 8.5.8.4 South Africa market by application, 2019 - 2032
8.6 Latin America
- 8.6.1 Latin America market, 2019 - 2032
- 8.6.2 Latin America market by delivery mode, 2019 - 2032
- 8.6.3 Latin America market by process, 2019 - 2032
- 8.6.4 Latin America market by application, 2019 - 2032
- 8.6.5 Brazil
  - 8.6.5.1 Brazil market, 2019 - 2032
  - 8.6.5.2 Brazil market by delivery mode, 2019 - 2032
  - 8.6.5.3 Brazil market by process, 2019 - 2032
  - 8.6.5.4 Brazil market by application, 2019 - 2032
- 8.6.6 Argentina
  - 8.6.6.1 Argentina market, 2019 - 2032
  - 8.6.6.2 Argentina market by delivery mode, 2019 - 2032
  - 8.6.6.3 Argentina market by process, 2019 - 2032
  - 8.6.6.4 Argentina market by application, 2019 - 2032
- 8.6.7 Chile
  - 8.6.7.1 Chile market, 2019 - 2032
  - 8.6.7.2 Chile market by delivery mode, 2019 - 2032
  - 8.6.7.3 Chile market by process, 2019 - 2032
  - 8.6.7.4 Chile market by application, 2019 - 2032

Chapter 9 Company Profiles

9.1 Air Liquide
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
9.2 Air Products and Chemicals, Inc.
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
9.3 Cummins Inc.
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
9.4 Iwatani Corporation
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
9.5 Messer
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
9.6 RESONAC HOLDINGS CORPORATION
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 SWOT Analysis
9.7 Ally Hi-Tech Co., Ltd.
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
9.8 CALORIC
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
9.9 NUVERA FUEL CELLS, LLC
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 SWOT Analysis
9.10 Plug Power Inc.
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 Strategic Outlook
- 9.10.5 SWOT Analysis
9.11 Nel ASA
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 Strategic Outlook
- 9.11.5 SWOT Analysis
9.12 TAIYO NIPPON SANSO CORPORATION
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis
9.13 Ballard Power Systems
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 Strategic Outlook
- 9.13.5 SWOT Analysis
9.14 Mahler AGS GmbH
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 SWOT Analysis
9.15 Teledyne Technologies Incorporated
- 9.15.1 Business Overview
- 9.15.2 Financial Data
- 9.15.3 Product Landscape
- 9.15.4 SWOT Analysis
9.16 Xebec Adsorption Inc.
- 9.16.1 Business Overview
- 9.16.2 Financial Data
- 9.16.3 Product Landscape
- 9.16.4 Strategic Outlook
- 9.16.5 SWOT Analysis
9.17 McPhy Energy S.A.
- 9.17.1 Business Overview
- 9.17.2 Financial Data
- 9.17.3 Product Landscape
- 9.17.4 Strategic Outlook
- 9.17.5 SWOT Analysis
9.18 HyGear
- 9.18.1 Business Overview
- 9.18.2 Financial Data
- 9.18.3 Product Landscape
- 9.18.4 Strategic Outlook
- 9.18.5 SWOT Analysis
9.19 Claind srl
- 9.19.1 Business Overview
- 9.19.2 Financial Data
- 9.19.3 Product Landscape
- 9.19.4 Strategic Outlook
- 9.19.5 SWOT Analysis