Australia Hydrogen Generation Market Size & Outlook
Australia hydrogen generation market, 2018-2030 (US$B)
Related Markets
Australia hydrogen generation market highlights
- The Australia hydrogen generation market generated a revenue of USD 6.1 billion in 2023 and is expected to reach USD 12.2 billion by 2030.
- The Australia market is expected to grow at a CAGR of 10.5% from 2024 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2023.
- Transportation is the most lucrative application segment registering the fastest growth during the forecast period.
Hydrogen generation market data book summary
| Market revenue in 2023 | USD 6.1 billion |
| Market revenue in 2030 | USD 12.2 billion |
| Growth rate | 10.5% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Transportation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Methanol Production, Ammonia Production, Petroleum Refinery, Transportation, Power Generation |
| Key market players worldwide | Air Liquide SA, Air Products & Chemicals Inc, Cummins Inc, Iwatani Corp, Linde PLC, Nippon Sanso Holdings Corp, Tokyo Gas Co Ltd |
Other key industry trends
- In terms of revenue, Australia accounted for 3.6% of the global hydrogen generation market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19.8 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 19.67% in 2023. Horizon Databook has segmented the Australia 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.
The hydrogen generation market in Australia has been driven due to initiatives taken by the government to develop hydrogen infrastructure in the country. The government has setup a new council called as , The Australian Association for Hydrogen Energy was set up to dedicatedly work to support the growth of hydrogen infrastructure in the country.
Currently, the Australian Renewable Energy Agency has been providing funds for the development of clean generation technologies for hydrogen in the country. For instance, the Australian Renewable Energy Agency in August 2019 has provided funding of USD 950,000 BOC which is a gas company to set up a project for renewable hydrogen production and refueling station in Queensland.
In addition, the Australian Renewable Energy Agency has awarded a grant of USD 22.1 million for 16 research projects related to hydrogen technology in 2018. These developments and supportive factors for hydrogen generation in the country will aid to the growth of the hydrogen generation market in the forecast period.
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Target buyers of Australia 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 country-level data and insights on the Australia hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into Australia hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia hydrogen generation market size, by application, 2018-2030 (US$B)
Australia Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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