Global Hydrogen Generation Market Size to flourish at 9% CAGR through 2028

The most recent analysis of ‘Global Hydrogen Generation Market’ enlightens readers on the elements influencing and impeding market expansion. In the years 2022 to 2028, according to business analysts, this industry will accumulate substantial earnings.

Pune, India, Nov. 24, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added latest report, global Hydrogen Generation Market was worth USD 214 million in 2021 and is anticipated to witness a CAGR of 9% during 2022-2028, to amass USD 387.4 million by the end of the forecast period.

The research evaluates many industrial sub-segments to provide a precise insight into the present market situation, with a focus on geographical bifurcation, type, and application. Then, in the part that follows, are a few important factors that, throughout the course of the analysis period, changed market dynamics and produced sizable income. The report also covers the geographical organization of the sector and the strategies used by the main competitors to maintain their market positions.

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Growth Drivers & Restraints:

Government’s rules for desulfurization, rising attention to clean hydrogen generation, and lowering greenhouse gas emissions are the main factors influencing market growth.

Moreover, development of green hydrogen production technology is likely to flourish industry expansion during the forecast years.

However, the high cost associated with hydrogen storage for customized tanks may impede market development in the coming years.

Segmentation & Regional Overview:

Based on type terrain, the market is split into PEM electroliser and traditional alkaline electroliser. In terms of application, the industry is divided into power to gas, energy storage or fueling for FCEVs, industrial gases, electronics & photovoltaics, steel plant, power plants, and others.

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Regionally, the latest trends are studied across Middle East & Africa, Europe, Asia Pacific, North America, and South America. The report conducts a country-level analysis of these regions to ascertain the areas with the most potential for revenue generation during the review timeline for the stakeholders in global hydrogen generation market.

Competitive Dashboard:

The report offers a list of notable companies in the business landscape along with their strategic efforts & latest developments to help users to make precise decisions and expand their market presence along with increasing their revenue share. Toshiba Corporation, ITM Power plc, ELB Elektrolysetechnik GmbH, Kobelco Eco-Solutions Co., Ltd., Shaanxi Huaqin Technology Industry Co., Ltd., ErreDue S.p.A, Idroenergy S.P.A, Asahi Kasei Corporation, Yangzhou Chungdean Hydrogen Equipment Co., Ltd., Shandong Saikesaisi Hydrogen Energy Co., Ltd., AREVA H2Gen, TianJin Mainland Hydrogen Equipment Co., Ltd., Siemens AG, McPhy Energy S.A., Beijing Zhongdian, Nel ASA, Hydrogenics, Teledyne Energy Systems, Inc., 718th Research Institute of CSIC, and Proton Energy Systems, Inc are the leading players in global hydrogen generation industry.

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Global Hydrogen Generation Market, By Type (Value, USD Million, 2016-2028)

  • PEM Electroliser
  • Traditional Alkaline Electroliser

Hydrogen Generation Market, By Application (Value, USD Million, 2016-2028)

  • Power to Gas
  • Energy Storage or Fueling for Fcevs
  • Industrial Gases
  • Electronics & Photovoltaics
  • Steel Plant
  • Power Plants
  • Others

Global Hydrogen Generation Market, Geographical Fragmentation (Value, USD Million, 2016-2028)

North America

  • U.S
  • Canada
  • Mexico

South America

  • Argentina
  • Brazil
  • Rest of South America


  • Russia
  • Italy
  • France
  • Spain
  • UK
  • Germany
  • Rest of Europe

Asia Pacific

  • Australia
  • Singapore
  • India
  • China
  • Japan
  • New Zealand
  • Rest of Asia Pacific

Middle East & Africa

  • Turkey
  • South Africa
  • Africa
  • UAE
  • Iran
  • Rest of MEA

Global Hydrogen Generation Market, Company Profiles (Value, USD Million, 2016-2028)

  • Toshiba Corporation
  • ITM Power plc
  • ELB Elektrolysetechnik GmbH
  • Kobelco Eco-Solutions Co., Ltd.
  • Shaanxi Huaqin Technology Industry Co., Ltd.
  • ErreDue SpA
  • Idroenergy S.P.A
  • Asahi Kasei Corporation
  • Yangzhou Chungdean Hydrogen Equipment Co., Ltd.
  • Shandong Saikesaisi Hydrogen Energy Co., Ltd.
  • AREVA H2Gen
  • TianJin Mainland Hydrogen Equipment Co., Ltd.
  • Siemens AG
  • McPhy Energy S.A.
  • Beijing Zhongdian
  • Nel ASA
  • Hydrogenics
  • Teledyne Energy Systems, Inc.
  • 718th Research Institute of CSIC
  • Proton Energy Systems, Inc


1. What are global hydrogen generation market’s size and projections for 2022-2028?

2. How is global hydrogen generation market being shaped throughout the assessment timeline by COVID-19 and its impeding factors?

3. In global hydrogen generation market, what are the best segments and regions to invest in throughout the forecast period?

4. What is the competitive strategic window for growth potential in global hydrogen generation market?

Table of Content:

Chapter 1: Introduction

1.1 Research Objectives

1.2 Research Methodology

1.3 Research Process

1.4 Scope and Coverage

1.4.1 Market Definition

1.4.2 Key Questions Answered

1.5 Market Segmentation

Chapter 2: Executive Summary

Chapter 3: Growth Opportunities by Segment

3.1 By Type

3.2 By Application

Chapter 4: Market Landscape

4.1 Porter’s Five Forces Analysis

4.2 Industry Value Chain Analysis

4.3 Market Dynamics

4.4 Pestle Analysis

4.5 Technological Roadmap

Chapter 5: Hydrogen Generation Market by Type

5.1 Hydrogen Generation Market Overview Snapshot and Growth Engine

5.2 Hydrogen Generation Market Overview

5.3 Traditional Alkaline Electroliser

5.4 PEM Electroliser

Chapter 6: Hydrogen Generation Market by Application

6.1 Hydrogen Generation Market Overview Snapshot and Growth Engine

6.2 Hydrogen Generation Market Overview

6.3 Power Plants

6.3.1 Introduction and Market Overview

6.3.2 Historic and Forecasted Market Size (2016-2028F)

6.3.3 Key Market Trends, Growth Factors and Opportunities

6.3.4 Power Plants: Geographic Segmentation

6.4 Steel Plant

6.4.1 Introduction and Market Overview

6.4.2 Historic and Forecasted Market Size (2016-2028F)

6.4.3 Key Market Trends, Growth Factors and Opportunities

6.4.4 Steel Plant: Geographic Segmentation

6.5 Electronics and Photovoltaics

Chapter 7: Company Profiles and Competitive Analysis

7.1 Competitive Landscape

7.1.1 Competitive Positioning

7.1.2 Hydrogen Generation Sales and Market Share By Players

7.1.3 Industry BCG Matrix

7.1.4 Heat Map Analysis

7.1.5 Hydrogen Generation Industry Concentration Ratio (CR5 and HHI)

7.1.6 Top 5 Hydrogen Generation Players Market Share

7.1.7 Mergers and Acquisitions

7.1.8 Business Strategies By Top Players

Related Report:

Green Hydrogen Market: Potential Market Size and Global Outlook till 2028

The global green hydrogen market is estimated to grow at a growth rate of over 51% during the forecast period. The factors that are driving the growth of the green hydrogen market include lowering cost of producing renewable energy by all sources, development of electrolysis technologies and high demand from FCEVs and power industry. Moreover, the increasing investments by the government in establishing green hydrogen ecosystems further gives a boost to the growth of the market.

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