Market Research Report

Hydrogen Generation Market

Hydrogen Generation Market Research Report: Size, Share, Trend Analysis Generation Type (Captive, Merchant), Storage (On-Board Storage, Underground storage, Power-to-gas storage), Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Others) and By Region (Middle East and Africa, North America, Asia Pacific, Europe, South America) - Growth Outlook & Industry Forecast To 2025

Vertical: EnPBase Year: 2018

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Executive Summary

Hydrogen Generation Market — Snapshot

  • Market Size (2018)

    $127.14M

  • Projected (2025)

    $186.23M

  • CAGR (2017–2025)

    5.5%

  • Key Players

    11+

The demand for hydrogen generation is growing rapidly in the global market owing to the various factors including the increasing share of renewable energy in power generation mix and the increasing demand of hydrogen in transportation.

The global hydrogen generation market is projected to grow at 5.71% CAGR during the forecast period, 2019–2025. In 2018, the global hydrogen generation market was dominated by Asia-Pacific with a 38.38% share, followed by North America and Europe with shares of 28.22% and 21.64%, respectively.

The global hydrogen generation market has been segmented on the basis of storage, generation type, application, and region. On the basis of storage, the global hydrogen generation market has been segmented into on-board storage, underground storage, and power to gas storage. The on-board storage segment is expected to grow at the fastest rate during the forecast period. In 2018, the on-board storage segment held a 67.55% share of the global hydrogen generation market.

On the basis of generation type, the global hydrogen generation market has been segmented as captive and merchant. The captive segment is expected to grow at a faster rate during the forecast period. In 2018, the captive segment held a 73.44% share of the global hydrogen generation market.

On the basis of application, the global hydrogen generation market has been segmented as petroleum refinery, ammonia production, methanol production, transportation, power generation, and others. The petroleum refinery segment is expected to grow at the fastest rate during the forecast period. In 2018, the petroleum refinery segment held a 25.40% share of the global hydrogen generation market.

Key Insight

The Hydrogen Generation Market market is projected to grow at a CAGR of 5.5% from 2017 to 2025.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
  • Market Segmentation: The market is analyzed across 2 segments: Captive, Merchant. Forecasts are provided for each segment from 2017 to 2025.
  • Competitive Landscape: 11 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Hydrogen Generation Market

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