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Merchant Hydrogen Generation Market Trends

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

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Merchant Hydrogen Generation Market Trends

Rising shift toward green hydrogen production generated through renewable energy sources driven by stringent environmental regulations and the global commitment to reduce carbon footprints will foster the business scenario. Growing clean fuel infrastructure supported by governments and private entities investments in building comprehensive supply chains, including production facilities, storage solutions, and distribution networks will stimulate the production demand.

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.