Global Hydrogen Generation Market Size & Outlook
The hydrogen generation industry worldwide is expected to reach a projected revenue of US$ 317.4 billion by 2030. A compound annual growth rate of 9.3% is expected of the worldwide hydrogen generation industry from 2024 to 2030.
Revenue, 2023 (US$B)
$170.1
Forecast, 2030 (US$B)
$317.4
CAGR, 2024 - 2030
9.3%
Report Coverage
Worldwide
Global hydrogen generation market, 2018-2030 (US$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 segmentation & scope
Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others
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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Target buyers of Global hydrogen generation market databook
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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.
Partial client list
Global hydrogen generation market statistics, by region, 2018-2030 (US$B)
Top 10 countries: Hydrogen generation market size, 2023 (USD Billion)
Top 10 countries: Hydrogen generation market size, 2023 (USD Billion)
Global hydrogen generation market, by region, 2023 (US$B)
Related regional statistics
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