China Hydrogen Generation Market Size & Outlook, 2023-2030
China hydrogen generation market, 2018-2030 (US$B)
Related Markets
China hydrogen generation market highlights
- The China hydrogen generation market generated a revenue of USD 18.9 billion in 2023 and is expected to reach USD 36.5 billion by 2030.
- The China market is expected to grow at a CAGR of 9.9% from 2024 to 2030.
- In terms of segment, transportation 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 18.9 billion |
| Market revenue in 2030 | USD 36.5 billion |
| Growth rate | 9.9% (CAGR from 2023 to 2030) |
| Largest segment | Transportation |
| 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, China accounted for 11.1% 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 |
|---|
China 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.
Transportation was the largest segment with a revenue share of 28.57% in 2023. Horizon Databook has segmented the China 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.
China is undertaking massive changes in the fuel and petroleum industry, to overcome numerous challenges including pollution and economic disparity between urban and rural population. Air pollution and increasing Sulphur content in the environment are also posing as challenges to the nation.
To curb carbon emissions in the country the government is focusing on deployment of hydrogen as fuel majorly for public transportation. China is promoting fuel cell vehicle projects by providing funding. For instance, in May and August 2018, Ministry of Science and Technology (MOST) provided fund of USD 70.09 million to 6 research projects.
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Target buyers of China 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 China hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into China hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China hydrogen generation market size, by application, 2018-2030 (US$B)
China Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
Related regional statistics
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