Global Hydrogen Generation Market Size & Outlook
Global hydrogen generation market, 2018-2030 (US$B)
Related Markets
Global hydrogen generation market highlights
- The global hydrogen generation market generated a revenue of USD 170.1 billion in 2023 and is expected to reach USD 317.4 billion by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.3% by 2030.
- In terms of segment, ammonia production accounted for a revenue of USD 37.2 billion in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Egypt is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 170.1 billion |
| Market revenue in 2030 | USD 317.4 billion |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
Other key industry trends
- In terms of revenue, the North America accounted for 14.3% of the global hydrogen generation market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Egypt is the fastest growing regional market and is projected to reach USD 2.4 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hydrogen generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrogen generation market will help companies and investors design strategic landscapes.
Ammonia production was the largest segment with a revenue share of 21.87% in 2023. Horizon Databook has segmented the Global hydrogen generation market based on methanol production, ammonia production, petroleum refinery, transportation, power generation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydrogen Generation Application Outlook (Revenue, USD Billion, 2018-2030)
- Methanol Production
- Ammonia Production
- Petroleum Refinery
- Transportation
- Power Generation
- Others
- Global Hydrogen Generation Technology Outlook (Revenue, USD Billion, 2018-2030)
- Coal Gasification
- Steam Methane Reforming
- Methane Pyrolysis
- Global Hydrogen Generation Transportation mode Outlook (Revenue, USD Billion, 2018-2030)
- Pipeline
- Cryogenic liquid tankers
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Our clientele includes a mix of hydrogen generation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global hydrogen generation market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hydrogen generation market size, by region, 2018-2030 (US$B)
Top 10 countries: Hydrogen generation market size, 2023 (US$B)
Global hydrogen generation market share, by application, 2023 & 2030 (%, US$B)
Hydrogen generation market: Opportunity assessment by country
Global hydrogen generation market, by region, 2023 (US$B)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 10.3 | 11.3 | 12.6 | 14.2 | 16.0 | 18.0 | 20.2 | 22.7 | 25.6 | 28.9 | 32.6 | 36.0 | 39.6 | 11.7% |
| Europe | 34.3 | 37.2 | 40.3 | 43.7 | 47.5 | 51.6 | 56.2 | 61.2 | 66.8 | 72.9 | 79.8 | 85.5 | 91.4 | 8.6% |
| North America | 15.1 | 17.3 | 18.8 | 20.4 | 22.3 | 24.3 | 26.6 | 29.1 | 31.9 | 35.0 | 38.5 | 41.4 | 44.4 | 8.9% |
| MEA | 12.8 | 12.5 | 13.4 | 14.3 | 15.3 | 16.4 | 17.7 | 18.8 | 20.0 | 21.2 | 22.5 | 23.5 | 24.4 | 5.9% |
| Asia Pacific | 39.7 | 40.9 | 44.9 | 49.4 | 54.3 | 59.8 | 65.9 | 73.0 | 80.8 | 89.6 | 99.5 | 108.3 | 117.6 | 9.5% |
| Overall | 112.1 | 119.1 | 130.0 | 142.0 | 155.4 | 170.2 | 186.6 | 204.9 | 225.0 | 247.5 | 272.9 | 294.7 | 317.4 | 9.3% |
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