Global Hydrogen Generator Market projected to reach USD 262.35 Billion by 2030
According to Future Market Consulting analysis, Global Hydrogen Generator Market size was valued at USD 161.01 Billion in 2021 and is projected to reach USD 262.35 Billion by 2030, growing at a CAGR of 10.14 % from 2022 to 2030.
Due to growing concern about global warming, as well as deteriorating environmental and climatic concerns triggered by excessive pollution, the development and utilization of renewable and sustainable energy has become essential. As a result, hydrogen is a clean renewable energy source that is expected to increase rapidly over the projection period. Rising government policies to reduce carbon emissions are encouraging the hydrogen manufacturing and consumption which is driving up the global market for hydrogen generation. The global market of hydrogen generation is developing as a result of the growing demand for green energy in a wide range of industries.
Currently, natural gas and coal are the two primary sources of hydrogen production. Hydrogen generation consumes approx. 2% coal & 6% natural gas. Hydrogen is a common substitute for electricity. Hydrogen fuel is frequently used in fuel cells. This is a major driver of the global demand for increase in hydrogen production. The market players are using a diversity of development strategies, such as collaborations and agreements, to develop sustainable methods using zero-emission techniques.
Government regulations that encourage hydrogen generation have a significant impact on the market's development. Authorities both in developed and emerging economies are adopting a number of policies to promote decrease carbon dioxide emissions and boost the utilization of renewable energy.
- Air Products and Chemicals Inc.
- Athena Technology
- Chromservis SRO
- Cummins Inc.
- EPOCH Energy Technology Corp.
- Chromatec SDO JSC
- Air Liquide SA
- Linde Plc
- LNI Swissgas SRL
- Matheson TRI Gas Inc.
- Natural Gas
- Steam Methane Reforming
- Partial Oxidation
- Coal Gasification
- Petroleum Refinery
- Ammonia Production
- Methanol Production
- Power Generation
- Other Applications
By Delivery Mode
- North America (US, Canada, Mexico);
- Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
- Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);
- South America (Brazil, Argentina, Rest of South America);