Home > Energy & Power > Emerging Energy Technologies > Hydrogen > Hydrogen Generation Market

Hydrogen Generation Market Trends

Report ID: GMI1107
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Hydrogen Generation Market Trends

The hydrogen generation industry is rapidly evolving with significant investments, technological advancements, and supportive policies driving adoption. Significant investments from private companies and venture capital in hydrogen technologies and infrastructure coupled with government funding programs to support research, development, and deployment of hydrogen projects will augment the industry landscape. International projects and partnerships to develop hydrogen supply chains, comprising the Japan-Australia Hydrogen Energy Supply Chain (HESC) will boost the industry landscape.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of hydrogen generation was worth USD 158.3 billion in 2023 and is projected to expand at 6.4% CAGR from 2024 to 2032, led by the increasing demand for clean energy, advancements in fuel cell technology and the rising need to reduce carbon emissions.

The merchant delivery mode segment in the hydrogen generation industry is projected to exceed USD 49 billion by 2032, on account of growing demand across various sectors comprising transportation, industrial and power generation & storage.

The electrolysis process segment in the hydrogen generation industry is estimated to record over 7% CAGR between 2024 and 2032, owing to their ability to support meet global and national decarbonization targets and balance the grid by using excess renewable energy.

Asia Pacific hydrogen generation industry is poised to record more than USD 154 billion by 2032, due to the combination of government policies, investments, and collaborations aimed at promoting clean energy and reducing carbon emissions.