NEW YORK, Aug. 10, 2023 /PRNewswire/ — The hydrogen generation market is set to grow by USD 47.84 billion from 2022 to 2027 progressing at a CAGR of 5.58% during the forecast period. Discover Specialty Chemicals industry potential and make informed business decisions based on qualitative and quantitative evidence highlighted in Technavio reports. View Sample Report!

The hydrogen generation market covers the following areas:

• Hydrogen Generation Market Sizing
• Hydrogen Generation Market Forecast
• Hydrogen Generation Market Analysis

Company Landscape

The global hydrogen generation market is fragmented with the presence of several global as well as regional vendors. A few prominent vendors that offer hydrogen generation in the market are Air Liquide SA, Air Products and Chemicals Inc., Claind Srl, Cummins Inc., FuelCell Energy Inc, Green Hydrogen Systems, Hiringa Energy Ltd., Hyster Yale Materials Handling Inc., ITM Power plc, Iwatani Corp., Linde Plc, Mahler AGS GmbH, McPhy Energy SA, Messer SE and Co. KGaA, Nel ASA, Parker Hannifin Corp., SHOWA DENKO K.K., Teledyne Technologies Inc., Xebec Adsorption Inc., and Mitsubishi Chemical Holdings Corp. and others. The hydrogen generation market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

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• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy Now!

Company Offerings

• Air Liquide SA – The company offers hydrogen generation solutions such as hydrogen production by electrolysis from renewable energies.
• Air Products and Chemicals Inc. – The company offers hydrogen generation solutions such as pipeline supply as well as delivered gas or liquid and onsite generation.
• Claind Srl – The company offers hydrogen generation solutions such as H series gas generators.

For market’s vendor landscape highlights with a comprehensive list of vendors and their offerings – View Sample in minutes

Key Market Segmentation

This report extensively covers market segmentation by delivery mode (merchant and captive), application (chemical industry, refinery industry, metal processing industry, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). 

• The market share growth of the merchant segment will be significant for the market growth during the forecast period. In merchant delivery mode, hydrogen is delivered by tanker or storage container from the manufacturing facility to a supplier-owned storage capacity facility built at the customer’s site. Therefore, rising demand for hydrogen in small quantities along with dealer mode capabilities is expected to drive the growth of the dealer segment of the market over the forecast period. Merchant delivery mode is best suited for customers who do not have consistent demand patterns or sufficient demand volume for captive mode. This solution is less costly for such customers than the company’s own shipping method. Hydrogen gas has low distribution costs and can be transported over long distances using the commercial delivery mode. This cost efficiency will drive market growth during the forecast period. 

View Sample Report in minutes of this report for more highlights into the market segments.

Regional Market Outlook

• APAC is estimated to account for 56% of the global market growth during the forecast period. APAC’s refining industry is driven by huge local demand for refined petroleum products such as gasoline and diesel. This demand is driven by countries exhibiting healthy GDP growth rates, mainly India and China. According to several government regulations, oil and gas refineries are required to reduce sulfur levels in diesel. To do this, these refineries need to increase their hydrogen content. In November 2022, Indian Oil Corporation Limited (IOCL), its subsidiary Chennai Petroleum Corporation Limited (CPCL) and other capital partners announced the acquisition of the proposed Nagapattinam Refinery and Petrochemical Project in Tamil Nadu, India. Such investments will have a positive impact on the market in the long term and drive the growth of the market of interest during the forecast period. 

For more key highlights on the regional market share of most of the above-mentioned countries.- View Sample Report

Companies Mentioned

• Air Liquide SA
• Air Products and Chemicals Inc.
• Claind Srl
• Cummins Inc.
• FuelCell Energy Inc
• Green Hydrogen Systems
• Hiringa Energy Ltd.
• Hyster Yale Materials Handling Inc.
• ITM Power plc
• Iwatani Corp.
• Linde Plc
• Mahler AGS GmbH
• McPhy Energy SA
• Messer SE and Co. KGaA
• Nel ASA
• Parker Hannifin Corp.
• SHOWA DENKO K.K.
• Teledyne Technologies Inc.
• Xebec Adsorption Inc.
• Mitsubishi Chemical Holdings Corp.

Hydrogen Generation Market – Market Dynamics

Key Trends – 

• An emerging trend in the hydrogen generation market is expected to fuel the market growth is the reduction in fuel cell prices. 
• Increased investment in research and development has lowered the cost of fuel cell technology.
• Declining production costs of fuel cell systems will lead to an increase in the number of fuel cell applications in various industries.
• This increasing number of fuel cell applications will lead to increased demand for hydrogen gas, thereby driving market growth. 

Major challenges – 

• A major challenge hindering market growth is the competition from alternative technologies.
• Increased investment in research and development has reduced the cost of fuel cell technology.
• It is also widely used in the transportation and telecommunications sector. As such, the use of fuel cells is limited to powering lightweight vehicles for APUs and unmanned aerial vehicles (UAVs) for defense and commercial applications.
• Given that fuel cell technology still lags behind other renewable technologies, it has demand in the market because batteries are available in a wide range of sizes and power ranges. 

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Delivery Mode
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hydrogen generation market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global hydrogen generation market 2017 – 2021 (USD billion)

• 4.2 By Delivery mode Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – By Delivery mode Segment 2017 – 2021 (USD billion)

• 4.3 By Application Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – By Application Segment 2017 – 2021 (USD billion)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD billion)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Delivery Mode

• 6.1 Market segments
• Exhibit 30: Chart on Delivery Mode – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Delivery Mode – Market share 2022-2027 (%)

• 6.2 Comparison by Delivery Mode
• Exhibit 32: Chart on Comparison by Delivery Mode
• Exhibit 33: Data Table on Comparison by Delivery Mode

• 6.3 Merchant – Market size and forecast 2022-2027
• Exhibit 34: Chart on Merchant – Market size and forecast 2022-2027 (USD billion)
• Exhibit 35: Data Table on Merchant – Market size and forecast 2022-2027 (USD billion)
• Exhibit 36: Chart on Merchant – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Merchant – Year-over-year growth 2022-2027 (%)

• 6.4 Captive – Market size and forecast 2022-2027
• Exhibit 38: Chart on Captive – Market size and forecast 2022-2027 (USD billion)
• Exhibit 39: Data Table on Captive – Market size and forecast 2022-2027 (USD billion)
• Exhibit 40: Chart on Captive – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Captive – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Delivery Mode
• Exhibit 42: Market opportunity by Delivery Mode (USD billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 43: Chart on Application – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Chemical industry – Market size and forecast 2022-2027
• Exhibit 47: Chart on Chemical industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 48: Data Table on Chemical industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 49: Chart on Chemical industry – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Chemical industry – Year-over-year growth 2022-2027 (%)

• 7.4 Refinery industry – Market size and forecast 2022-2027
• Exhibit 51: Chart on Refinery industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 52: Data Table on Refinery industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 53: Chart on Refinery industry – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Refinery industry – Year-over-year growth 2022-2027 (%)

• 7.5 Metal processing industry – Market size and forecast 2022-2027
• Exhibit 55: Chart on Metal processing industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 56: Data Table on Metal processing industry – Market size and forecast 2022-2027 (USD billion)
• Exhibit 57: Chart on Metal processing industry – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Metal processing industry – Year-over-year growth 2022-2027 (%)

• 7.6 Others – Market size and forecast 2022-2027
• Exhibit 59: Chart on Others – Market size and forecast 2022-2027 (USD billion)
• Exhibit 60: Data Table on Others – Market size and forecast 2022-2027 (USD billion)
• Exhibit 61: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Application
• Exhibit 63: Market opportunity by Application (USD billion)

8 Customer Landscape

• 8.1 Customer landscape overview
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (USD billion)
• Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (USD billion)
• Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 (USD billion)
• Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 (USD billion)
• Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 77: Chart on North America – Market size and forecast 2022-2027 (USD billion)
• Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 (USD billion)
• Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027
• Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 (USD billion)
• Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (USD billion)
• Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 85: Chart on South America – Market size and forecast 2022-2027 (USD billion)
• Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 (USD billion)
• Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027
• Exhibit 89: Chart on China – Market size and forecast 2022-2027 (USD billion)
• Exhibit 90: Data Table on China – Market size and forecast 2022-2027 (USD billion)
• Exhibit 91: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 93: Chart on US – Market size and forecast 2022-2027 (USD billion)
• Exhibit 94: Data Table on US – Market size and forecast 2022-2027 (USD billion)
• Exhibit 95: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 (USD billion)
• Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 (USD billion)
• Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027
• Exhibit 101: Chart on Germany – Market size and forecast 2022-2027 (USD billion)
• Exhibit 102: Data Table on Germany – Market size and forecast 2022-2027 (USD billion)
• Exhibit 103: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027
• Exhibit 105: Chart on France – Market size and forecast 2022-2027 (USD billion)
• Exhibit 106: Data Table on France – Market size and forecast 2022-2027 (USD billion)
• Exhibit 107: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography
• Exhibit 109: Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Air Liquide SA
• Exhibit 116: Air Liquide SA – Overview
• Exhibit 117: Air Liquide SA – Business segments
• Exhibit 118: Air Liquide SA – Key news
• Exhibit 119: Air Liquide SA – Key offerings
• Exhibit 120: Air Liquide SA – Segment focus

• 12.4 Air Products and Chemicals Inc.
• Exhibit 121: Air Products and Chemicals Inc. – Overview
• Exhibit 122: Air Products and Chemicals Inc. – Business segments
• Exhibit 123: Air Products and Chemicals Inc. – Key news
• Exhibit 124: Air Products and Chemicals Inc. – Key offerings
• Exhibit 125: Air Products and Chemicals Inc. – Segment focus

• 12.5 Claind Srl
• Exhibit 126: Claind Srl – Overview
• Exhibit 127: Claind Srl – Product / Service
• Exhibit 128: Claind Srl – Key offerings

• 12.6 Cummins Inc.
• Exhibit 129: Cummins Inc. – Overview
• Exhibit 130: Cummins Inc. – Business segments
• Exhibit 131: Cummins Inc. – Key offerings
• Exhibit 132: Cummins Inc. – Segment focus

• 12.7 ITM Power plc
• Exhibit 133: ITM Power plc – Overview
• Exhibit 134: ITM Power plc – Product / Service
• Exhibit 135: ITM Power plc – Key offerings

• 12.8 Iwatani Corp.
• Exhibit 136: Iwatani Corp. – Overview
• Exhibit 137: Iwatani Corp. – Business segments
• Exhibit 138: Iwatani Corp. – Key offerings
• Exhibit 139: Iwatani Corp. – Segment focus

• 12.9 Linde Plc
• Exhibit 140: Linde Plc – Overview
• Exhibit 141: Linde Plc – Business segments
• Exhibit 142: Linde Plc – Key news
• Exhibit 143: Linde Plc – Key offerings
• Exhibit 144: Linde Plc – Segment focus

• 12.10 Mahler AGS GmbH
• Exhibit 145: Mahler AGS GmbH – Overview
• Exhibit 146: Mahler AGS GmbH – Product / Service
• Exhibit 147: Mahler AGS GmbH – Key offerings

• 12.11 McPhy Energy SA
• Exhibit 148: McPhy Energy SA – Overview
• Exhibit 149: McPhy Energy SA – Product / Service
• Exhibit 150: McPhy Energy SA – Key offerings

• 12.12 Messer SE and Co. KGaA
• Exhibit 151: Messer SE and Co. KGaA – Overview
• Exhibit 152: Messer SE and Co. KGaA – Product / Service
• Exhibit 153: Messer SE and Co. KGaA – Key offerings

• 12.13 Nel ASA
• Exhibit 154: Nel ASA – Overview
• Exhibit 155: Nel ASA – Business segments
• Exhibit 156: Nel ASA – Key offerings
• Exhibit 157: Nel ASA – Segment focus

• 12.14 Parker Hannifin Corp.
• Exhibit 158: Parker Hannifin Corp. – Overview
• Exhibit 159: Parker Hannifin Corp. – Business segments
• Exhibit 160: Parker Hannifin Corp. – Key news
• Exhibit 161: Parker Hannifin Corp. – Key offerings
• Exhibit 162: Parker Hannifin Corp. – Segment focus

• 12.15 SHOWA DENKO K.K.
• Exhibit 163: SHOWA DENKO K.K. – Overview
• Exhibit 164: SHOWA DENKO K.K. – Business segments
• Exhibit 165: SHOWA DENKO K.K. – Key news
• Exhibit 166: SHOWA DENKO K.K. – Key offerings
• Exhibit 167: SHOWA DENKO K.K. – Segment focus

• 12.16 Teledyne Technologies Inc.
• Exhibit 168: Teledyne Technologies Inc. – Overview
• Exhibit 169: Teledyne Technologies Inc. – Business segments
• Exhibit 170: Teledyne Technologies Inc. – Key offerings
• Exhibit 171: Teledyne Technologies Inc. – Segment focus

• 12.17 Xebec Adsorption Inc.
• Exhibit 172: Xebec Adsorption Inc. – Overview
• Exhibit 173: Xebec Adsorption Inc. – Business segments
• Exhibit 174: Xebec Adsorption Inc. – Key news
• Exhibit 175: Xebec Adsorption Inc. – Key offerings
• Exhibit 176: Xebec Adsorption Inc. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for USUSD
• Exhibit 179: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations
• Exhibit 183: List of abbreviations

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