PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1787259
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1787259
The hydrogen generation market is estimated to reach USD 226.37 billion by 2030 from an estimated value of USD 157.81 billion in 2025, at a CAGR of 7.5% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion), Volume (Thousand Metric Tons) |
Segments | Source, Application, Technology, Generation and Delivery Mode, and Region |
Regions covered | North America, Europe, Asia Pacific, the Middle East, Africa, and South America |
The hydrogen generation market is driven by increasing global efforts to decarbonize energy systems, the rising demand for clean fuel alternatives, and the expanding adoption of hydrogen across industrial, transportation, and power generation sectors. Supportive government policies, substantial investments in renewable energy, and advancements in electrolysis technology accelerate the market expansion. Additionally, the development of hydrogen infrastructure and growing focus on energy security and emission reduction further strengthen the market growth trajectory across major global regions.
"Green hydrogen segment is projected to record the highest CAGR between 2025 and 2030."
The green hydrogen segment is expected to record the highest CAGR in the hydrogen generation market during the forecast period, driven by the global transition toward carbon neutrality and the urgent need to decarbonize hard-to-abate sectors. Supportive policy frameworks accelerate project development and commercialization, including tax incentives, subsidies, and national hydrogen strategies worldwide. Additionally, the growing demand for zero-emission fuels in applications such as fuel cell vehicles, power generation, and industrial feedstock positions green hydrogen as a key enabler of the global clean energy transition. Strategic partnerships, large-scale pilot projects, and ambitious decarbonization roadmaps continue to drive the green hydrogen segment worldwide.
"Coal gasification segment accounted for the second-largest market share in 2024."
The coal gasification segment held the second-largest position in the hydrogen generation market in 2024, driven by its ability to produce hydrogen at scale using abundant domestic coal resources. In this process, coal is partially oxidized with air, oxygen, steam, or carbon dioxide to create a fuel gas. The resulting syngas, primarily composed of hydrogen, carbon monoxide, methane, carbon dioxide, and water vapor, is then utilized as an alternative to methane, piped natural gas, and other fuels for power generation and chemical feedstock production. Hydrogen derived from coal gasification serves critical roles in ammonia synthesis, chemical manufacturing, and supporting hydrogen economy initiatives. Key drivers for this segment include extensive coal reserves, established industrial infrastructure, and the strategic objective of reducing dependence on imported natural gas. Furthermore, technological advancements in gasification processes, including improved efficiency and integration with carbon capture and storage (CCS) systems, enhance the environmental performance of this technology.
"Asia Pacific is likely to be the largest region in the hydrogen generation market during the forecast period."
Asia Pacific is poised to be the largest region in the hydrogen generation market during the forecast period, driven by strong government commitments to decarbonization, energy security, and industrial transformation. National hydrogen strategies in countries such as China, Japan, South Korea, and India accelerate investments in large-scale hydrogen production, particularly in green and blue hydrogen projects. Expanding renewable energy capacity, supportive policy frameworks, and strategic public-private partnerships fuel infrastructure development across the region. Additionally, the rapid growth of hydrogen applications in refining, chemicals, and mobility underscores its leadership.
By Company Type: Tier 1 - 65%, Tier 2 - 24%, and Tier 3 - 11%
By Designation: C-Level Executives - 30%, Managers - 25%, and Others - 45%
By Region: North America - 27%, Europe - 20%, Asia Pacific - 33%, South America - 12%, Middle East - 4% Africa - 4%
Note: Others include product engineers, product specialists, and engineering leads.
The tiers of the companies are defined based on their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The hydrogen generation market is dominated by a few major players with a wide regional presence. Leading players in hydrogen generation market are Linde plc (Ireland), Air Liquide (France), Saudi Arabian Oil Co. (Saudi Arabia), Air Products and Chemicals, Inc. (US), Shell plc (UK), ENGIE (France), Chevron Corporation (US), Orsted A/S (Denmark), Messer SE & Co. KGaA (Germany), Equinor ASA (Norway), Uniper SE (Germany), Exxon Mobil Corporation (US), and BP p.l.c. (UK).
The report defines, describes, and forecasts the hydrogen generation market by application, technology, source, and generation & delivery mode. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various key aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the hydrogen generation market.
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