The global Hydrogen (H2) Generation Market size was USD 160.00 Billion in 2022 and is expected to register a rapid revenue CAGR of 10.6% during the forecast period. Increasing usage of H2 in Fuel Cell Electric Vehicles (FCEV) is a key factor driving market revenue growth. FCEV utilizes a propulsion system similar to that of Electric Vehicles (EVs), in which H2 energy is converted to electricity by fuel cells, without emitting any harmful exhaust emissions. A fuel cell automobile uses electricity in a different way than a Battery-powered or plug-in hybrid car. FCEV are powered by pure H2 gas stored in a vehicle tank, which can fuel in less than 4 minutes and have a driving range of over 300 miles.
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Top companies profiled in the report are:
Competitive landscape of the global H2 generation market is consolidated with a few key players operating on global and regional levels. Key players are engaged in strategic alliances to expand their respective portfolios and gain a robust footing in the global market. Major companies in the global market report include Air Liquide, Air Products and Chemicals, Inc., Cummins Inc, INOX-Air Products Inc., Iwatani Corporation, Linde plc, Matheson Tri-Gas, Inc., Messer North America, Inc., Tokyo Gas Chemicals Co., Ltd, and FuelCell Energy, Inc.
- On 19 July 2021, Cerulean Winds and Px Group signed an agreement to promote the development of onshore green H2 plants and accompanying infrastructure. Cerulean is moving forward with plans for a 200-turbine floating wind and H2 development in the North Sea, with three onshore hydrogen sites in the North of England, the North East of Scotland, and Shetland.
Regional Segmentation:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Key Points Explained in the Regional Outlook Section:
- Regional market revenue share over the forecast period
- Key factors contributing to the regional market growth over the forecast period
- Vital information related to each regional market
- Leading companies in each regional market, as well as the leading products of these companies
- Detailed study of the supply & demand ratios and production & consumption patterns in each regional market
Hydrogen Generation Market Segmentation:
By Technology Outlook:
- Steam Methane Reforming
- Coal Gasification
- Others
By Application Outlook:
- Methanol Production
- Ammonia Production
- Petroleum Refining
- Transportation
- Power Generation
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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