Hydrogen Generation Market Size Growth Will Reach $184.23 Billion By 2028 | CAGR: 5.5% : Polaris Market Research

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Hydrogen Generation Market Size Growth Will Reach $184.23 Billion By 2028 | CAGR: 5.5% : Polaris Market Research

January 17
19:59 2022
Hydrogen Generation Market Size Growth Will Reach $184.23 Billion By 2028 | CAGR: 5.5% : Polaris Market Research
Polaris Market Research
According to the latest study by Polaris Market Research. The global hydrogen generation market was valued at USD 120.60 billion in 2020 and is expected to reach USD 184.23 billion by 2028, at a 5.5% annual CAGR during 2021-2028. The market companies’ profiles included in the report with their sales, revenues, and strategies are Air Liquide S.A., Cummins Inc., Nel ASA, ITM Power, Linde plc, Air Products and Chemicals, Iwatani Corporation, Showa Denko, The Messer Group GmbH and others

Polaris Market Research have published a new research report titled “Hydrogen Generation Market Share, Size, Trends, Industry Analysis Report, By Systems Type (Merchant, Captive); By Technology; By Application; By Region; Segment Forecast, 2021 – 2028 it gives a detailed insight into current market dynamics and provides analysis on future market growth.

“According to the latest research study, the demand of global hydrogen generation market size is expected to reach USD 184.23 billion by 2028 and is expected to grow at a CAGR of 5.5% during the forecast period.”

Report Overview & Coverage:

The increasing use of the product in the areas of chemical processing along with fuel cells and oil and refinery will be the major forces behind the rapid growth of the global industry during the forecast period. The emergence of the green product will provide an opportunity for the further growth of this industry over the coming years. 

The product is used in the development of fuel cells. Fuel cells are being promoted worldwide as they have applications in electric cars and power production on a small scale for commercial buildings. Desulfurization will be another significant factor that will drive the growth of this industry over the coming years. 

The emergence of the COVID-19 pandemic is expected to slightly slow down the growth of the global market during the forecast period. There is a significant slowdown in the oil and refinery industries, which are substantial manufacturers of the product. The economic slowdown has negatively impacted power production as most commercial buildings have been shut, limiting the growth of hydrogen-based fuel cells. 

Get Sample Copy Of this Report :  https://www.polarismarketresearch.com/industry-analysis/hydrogen-generation-market/request-for-sample

 Hydrogen Generation Market Size, By Region, 2016 - 2028(USD Billion)

Industry Major Market Players :

Air Liquide S.A., Cummins Inc., Nel ASA, ITM Power, Linde plc, Air Products and Chemicals, Inc., FuelCell Energy, Inc., Iwatani Corporation, Showa Denko, The Messer Group GmbH, Taiyo Nippon Sanso Corporation, McPhy, Engie SA, Uniper SE, Green  and others 

Segmentation Analysis: 

The global Hydrogen Generation market is segmented as per the type of technology, systems type, application, and region.. All the segments are precisely analyzed in accordance with share, CAGR, volume growth, and other important factors. Besides, their projections are also given based on various trends. 

The report further presents the competitive assessment in vast depth and imparts market players’ capability to assist them to stay ahead of the competitive landscape and to boost productivity. The section focuses on examinations of competitive barriers, growth trends, service providers, prospects, customers, profile assessments, leaders, competitors, and global Hydrogen Generation market risks. Recommendations are also given for making good business decisions as well as the best activities of global players. 

hydrogen generation market report segmented on the basis of technology, systems type, application, and region:

Hydrogen Generation, Technology Outlook

  • Steam Methane Reforming
  • Coal Gasification
  • Others

Hydrogen Generation, Systems Type Outlook Merchant

  • Captive

Hydrogen Generation, Application Outlook Methanol Production

  • Ammonia Production
  • Petroleum Refinery
  • Transportation
  • Power Generation
  • Others


Significant Highlights of The Report:

  • Historical, current, and projected global Hydrogen Generation market size, in terms of value
  • The report talks about insights on the current scenarios along with predictions
  • It includes key segments and country-related assessments incorporating the market share and growth rate of each region, country, and sub-region during the estimated period from 2021-2028. 
  • From macro overview to micro details, the report demonstrates industry performance, recent trends, key drivers, and challenges
  • It not only examines the global Hydrogen Generation market but provides key actionable insights to its stakeholders
  • Analysis of niche and potential segments (product type, application, and regions/countries) predicted to observe promising growth
  • Key player positioning analysis and competitive landscape
  • Analysis of major risks associated with the market operations


Request for Discount Pricing : https://www.polarismarketresearch.com/industry-analysis/hydrogen-generation-market/request-for-discount-pricing 


Hydrogen Generation Market Report Scope

Report Attributes


Market size value in 2020

USD 120.6 billion

Revenue forecast in 2028

USD 184.23 billion


5.5% from 2021 – 2028

Base year


Historical data

2016 – 2019

Forecast period

2021 – 2028

Key Companies

Air Liquide S.A., Cummins Inc., Nel ASA, ITM Power, Linde plc, Air Products and Chemicals, Inc., FuelCell Energy, Inc., Iwatani Corporation, Showa Denko, The Messer Group GmbH, Taiyo Nippon Sanso Corporation and others

Segments covered

By Technology, By System Type, By Application, By Region

Regional scope

North America Europe Asia Pacific Latin America; Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs. Explore purchase options.


This research will surely work as an excellent tool for entrepreneurs, investors, researchers, consultants, business strategists, and all those who are ready to enter or planning to enter the global Hydrogen Generation market in any manner. The informative data available in this report will enable companies to strategize and leverage all forthcoming growth opportunities.

The country-wise analysis section covers the following key regions:

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

Key Questions Answered In The Report Include:

  • What are the current market size and the growth rate?
  • How has the global Hydrogen Generation market performed so far and how will it perform in the coming years from 2021-2028? What are the key trends impacting the growth?
  • What are the key regions in the market?
  • What are the major categories in the global Hydrogen Generation market? What are the major application -segments? What are the major product types?
  • What has been the impact of COVID-19 on the market?
  • What is the degree of competition in the industry? What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning?
  • What are the key driving factors and challenges?


Have Any Query Or Specific Requirement? Feel Free to Ask Our Industry Experts at : https://www.polarismarketresearch.com/industry-analysis/hydrogen-generation-market/speak-to-analyst


About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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