South Africa Hydrogen Generation Market Size & Outlook
South Africa hydrogen generation market, 2018-2030 (US$B)
Related Markets
South Africa hydrogen generation market highlights
- The South Africa hydrogen generation market generated a revenue of USD 2.5 billion in 2023 and is expected to reach USD 4.2 billion by 2030.
- The South Africa market is expected to grow at a CAGR of 7.5% 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 2.5 billion |
| Market revenue in 2030 | USD 4.2 billion |
| Growth rate | 7.5% (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, South Africa accounted for 1.5% 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 Middle East & Africa, UAE hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 4.2 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 24% in 2023. Horizon Databook has segmented the South Africa 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.
South Africa is focusing on developing its hydrogen generation infrastructure in order to enhance its fuel cells and energy storage market. Favorable government policies regarding emission free transportation are projected to further propel the market growth.
For instance, Green Transport strategy promotes the use of fuel cell public vehicles in urban and semi-urban regions of South Africa. Such initiatives will directly influence the demand for hydrogen generation across the region.
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Target buyers of South Africa 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 South Africa hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into South Africa hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa hydrogen generation market size, by application, 2018-2030 (US$B)
South Africa Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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