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Merchant Hydrogen Generation Market Share

Report ID: GMI9727
Published Date: Jun 2024
Report Format: PDF

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Merchant Hydrogen Generation Market Share

Eminent players are establishing a presence in regions with high growth potential, such as Asia-Pacific and the Middle East to mitigate risks associated with market saturation and regulatory changes in any single region. Companies are also exploring and expanding hydrogen applications beyond traditional uses including mobility, power generation, and industrial processes to tap into new markets and increase overall demand.

Merchant Hydrogen Generation Market Companies

Eminent players operating in the merchant hydrogen generation industry are:

Air Liquide
Axpo Holding AG
Air Products and Chemicals, Inc
Cummins Inc
Coregas
Linde Plc
Messer Group GmbH
Nel Hydrogen
Plug Power Inc
Sumitomo Corporation
TotalEnergies SE
Uniper SE

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of merchant hydrogen generation was reached USD 26 billion in 2023 and is anticipated to grow at 7.6% CAGR from 2024 to 2032, driven by rising shift towards decarbonization supported by governments.

The metal segment of the merchant hydrogen generation market recorded decent growth in 2023 and is set to witness over 8.4% CAGR during 2024 to 2032, led by rising shift of metal industry towards decarbonization.

Asia Pacific merchant hydrogen generation market size is anticipated to exceed USD 23 billion by 2032, driven by rapid industrialization and urbanization.

Air Liquide, Axpo Holding AG, Air Products and Chemicals, Inc, Cummins Inc, Coregas, Linde Plc, and Messer Group GmbH among others.