Hydrogen Generation Market Is Expected To Accumulate A Market Value of US$ 273.63 Billion by 2032

The global hydrogen generation market garnered a market value of US$ 139.10 Billion in 2022 and is expected to accumulate a market value of US$ 273.63 Billion by registering a CAGR of 7% in the forecast period 2022-2032.

Growth of the hydrogen generation market can be attributed to increasing demand for carbon less hydrogen generation. The market for hydrogen generation registered a CAGR of 5% in the historical period 2017-2021.

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Market Competition

Market players are targeting countries with a high-adoption rate of hydrogen fuel cell automotive. Governments with proposed investments in developing hydrogen refueling stations are popular target regions among major players. The market is consolidated with tier-1 players accounting for a majority of revenue share.

These organizations are forging strategic partnerships, merging and acquiring local players in key growth areas. Value additions in terms of footprint expansion, disruptive technologies such as solar based hydrogen generation systems garner the most profitable company valuations for local players.

• In February 2021, Air Liquide and Siemens Energy entered into partnership for developing electrolyzer on a large scale for sustainable hydrogen production.

• In August 2022, Air Products announced partnership with Associated British Ports for renewable hydrogen production. Through this partnership, the companies are planning to U.K.'s sustainability goal.

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Key Companies Profiled by Fact.MR

• Air Liquide
• Air Products and Chemical
• Fuelcell Energy
• Hydrogenics
• Iwatani
• Linde
• Messer Group
• Plug Power
• Praxair
• Showa Denko
• Taiyo Nippon Sanso
• Xebec
• Ally Hi-Tech
• Ballard Power Systems
• Caloric
• Claind
• Erredue
• Hygear
• Nuvera Fuel Cells
• Proton Onsite

Key Segments Profiled in the Hydrogen Generation Industry Survey

• By Technology :

o Coal Gasification
o Steam Methane Reforming
o Other Technologies

• By System :

o Merchant Hydrogen Generation
o Captive Hydrogen Generation

• By Application :

o Methanol Production
o Ammonia Production
o Petroleum Refining

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

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Questionnaire answered in the Hydrogen Generation Market report include:

• How the market for Hydrogen Generation has grown?
• What is the present and future outlook of the global Hydrogen Generation on the basis of region?
• What are the challenges and opportunities for the Hydrogen Generation?
• Why the consumption of Hydrogen Generation highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Hydrogen Generation market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Hydrogen Generation market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Hydrogen Generation market and assists to create strategies to overcome the obstacles that may hinder the growth of the Hydrogen Generation market.

• Leverage: The Hydrogen Generation market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Hydrogen Generation market.

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