UK Hydrogen Generation Market Size & Outlook, 2023-2030
UK hydrogen generation market, 2018-2030 (US$B)
Related Markets
UK hydrogen generation market highlights
- The UK hydrogen generation market generated a revenue of USD 5.3 billion in 2023 and is expected to reach USD 7.5 billion by 2030.
- The UK market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, ammonia production was the largest revenue generating application in 2023.
- Power Generation 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 5.3 billion |
| Market revenue in 2030 | USD 7.5 billion |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Ammonia production |
| Fastest growing segment | Power Generation |
| 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, UK accounted for 3.1% 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 Europe, Russia hydrogen generation market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 8.7 billion by 2030.
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Hydrogen Generation Market Scope
Hydrogen Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK 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 20.75% in 2023. Horizon Databook has segmented the UK 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 UK Hydrogen and Fuel Cell Association presented evidence to the Energy and Climate Change Committee inquiry in a study titled ‘Energy Revolution: What Could Change The Energy Sector?’, under which they have explored technologies that are currently innovating and disrupting the energy sector and influencing the future of the business.
Hydrogen for Transport Programme (HTP) has provided directives to enhance hydrogen fueling stations across the UK. According to IEA, there were 15 hydrogen fueling stations across the UK as of December 2021.
The hydrogen fueling pumps in Derby and Birmingham were brought in operation in 201 have a capacity of at least 80 kg hydrogen per day and, while the other two hydrogen fueling pumps in London will each have a capacity of 200 kg hydrogen per day.
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Target buyers of UK 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 UK hydrogen generation market , including forecasts for subscribers. This country databook contains high-level insights into UK hydrogen generation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK hydrogen generation market size, by application, 2018-2030 (US$B)
UK Hydrogen Generation Market Outlook Share, 2023 & 2030 (US$B)
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