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Steam Methane Reforming Hydrogen Generation Market Share

Report ID: GMI5729
Published Date: Dec 2024
Report Format: PDF

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Steam Methane Reforming Hydrogen Generation Market Share

Key companies in the industry are actively pursuing inorganic growth strategies, such as collaborations and acquisitions, to gain a competitive advantage. These mergers and acquisitions are primarily focused on enhancing profitability and securing a larger market share. Companies are also exploring new opportunities, such as producing hydrogen from renewable sources, in response to increasing demand for green hydrogen. Further, many companies are collaborating with governments and energy providers to advance hydrogen initiatives and develop infrastructure.

Steam Methane Reforming Hydrogen Generation Market Companies

Eminent players operating in the steam methane reforming hydrogen generation industry are:

ALLY HI-TECH CO., LTD.
Air Liquide
Air Products & Chemicals, Inc.
CALORIC
HyGear
HyGear
Linde plc
Mahler AGS GmbH
Messer
NUVERA FUEL CELLS, LLC
Plug Power Inc.
TAIYYON NIPPON SANSO CORPORATION
Topsoe

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size for steam methane reforming hydrogen generation was valued at USD 146.4 billion in 2024 and is projected to reach USD 284 billion by 2034, driven by a CAGR of 6.2% from 2025 to 2034.

The transportation segment is expected to exceed USD 11.5 billion by 2034, driven by the decarbonization of the transport sector and advancements in hydrogen technology.

The U.S. market is anticipated to surpass USD 24.5 billion by 2034, driven by a positive outlook for the refining sector and government initiatives in industrial development.

Major players in the industry include ALLY HI-TECH CO., LTD., Air Liquide, Air Products & Chemicals, Inc., CALORIC, HyGear, Linde plc, Mahler AGS GmbH, Messer, NUVERA FUEL CELLS, LLC, and Plug Power Inc.