Hydrogen Generation Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43099

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The hydrogen generation market has the potential to grow by USD 38.71 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.14%.

This hydrogen generation market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (chemical industry, refinery industry, metal processing industry, and others) and geography (APAC, Europe, North America, MEA, and South America). The hydrogen generation market report also offers information on several market vendors, including Air Products and Chemicals Inc., Cummins Inc., Claind Srl, Iwatani Corp., LAIR LIQUIDE SA, Linde Plc, Parker Hannifin Corp., SHOWA DENKO K.K., Teledyne Technologies Inc., and Xebec Adsorption Inc. among others.

What will the Hydrogen Generation Market Size be in 2021?

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Hydrogen Generation Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for fertilizers is notably driving the hydrogen generation market growth, although factors such as changes in government policies and regulations may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydrogen generation industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The growing demand for fertilizers will fuel the growth of the hydrogen generation market size.
  • Ammonia is one of the major components used in nitrogen fertilizers, with ammonium nitrate being the preferred form.
  • In the manufacturing process of ammonia, the synthesis is carried out by a catalytic reaction that requires high volumes of hydrogen. This hydrogen needed is recovered from natural gas.
  • With the rising global population, there will be a huge demand for agricultural products, leading to the requirement for better fertilization management systems. This will increase the demand for ammonia to manufacture these systems, thereby driving the growth of the hydrogen generation market.
  • The growth in global refining capacity will drive the hydrogen generation market growth during the forecast period.
  • In refineries, hydrogen is used to carry out the hydrogenation process for cracking heavier crudes as well as increasing the hydrogen ratio in molecules for producing lighter crudes.
  • Processes such as hydrotreating and hydrocracking use highly pure hydrogen gas.
  • The increased demand for refinery products will lead to the higher use of hydrogen gas in the transportation and industrial sectors.
  • A high amount of hydrogen gas will be required to crack heavy crudes, thereby driving the growth of the hydrogen generation market. 

This hydrogen generation market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Hydrogen Generation Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • Air Products and Chemicals Inc.
  • Cummins Inc.
  • Claind Srl
  • Iwatani Corp.
  • Linde Plc
  • Parker Hannifin Corp.
  • Teledyne Technologies Inc.
  • Xebec Adsorption Inc.


This statistical study of the hydrogen generation market encompasses successful business strategies deployed by the key vendors. The hydrogen generation market is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions (M&A) to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydrogen generation market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Hydrogen Generation Market?

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57% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for hydrogen generation in APAC. Market growth in this region will be faster than the growth of the market in Europe and North America.

The rise in investments in industries such as chemical, fertilizer, refinery, glass, semiconductor, metal processing, and food will facilitate the hydrogen generation market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Hydrogen Generation Market?

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The hydrogen generation market share growth by the chemical industry segment will be significant during the forecast period. Hydrogen is one of the important preliminary supplies used in the chemical industry. Hydrogen is used for chemical process synthesis, mainly to manufacture methanol and ammonia. It is an essential ingredient in the manufacture of methanol, polymers, and ammonia, thereby playing a vital role in the fertilizer sector. The growing agriculture industry is increasing investments in the fertilizer sector, contributing to the hydrogen generation market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrogen generation market size and actionable market insights on post COVID-19 impact on each segment.



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What are the Key Factors Covered in this Hydrogen Generation Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive hydrogen generation market growth during the next five years
  • Precise estimation of the hydrogen generation market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydrogen generation industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hydrogen generation market vendors

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Hydrogen Generation Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 5.14%

Market growth 2021-2025

$ 38.71 billion

Market structure


YoY growth (%)


Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 57%

Key consumer countries

China, US, Japan, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Air Products and Chemicals Inc., Cummins Inc., Claind Srl, Iwatani Corp., LAIR LIQUIDE SA, Linde Plc, Parker Hannifin Corp., SHOWA DENKO K.K., Teledyne Technologies Inc., and Xebec Adsorption Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The hydrogen generation market growth will increase by $37.32 billion during 2019-2024.
The hydrogen generation market is expected to grow at a CAGR of 5.13% during 2019-2024.
Technavio has segmented the hydrogen generation market by application (Chemical industry, Refinery industry, Metal processing industry, and Others) and geographic (APAC, Europe, North America, and South America).
Air Products and Chemicals Inc., Cummins Inc., HYGEAR, Iwatani Corp., L Air Liquide SA, Linde AG, Parker Hannifin Corp., Praxair Inc., SHOWA DENKO K.K., Teledyne Technologies Inc. are a few of the key vendors in the hydrogen generation market.
APAC will register the highest growth rate of 69.17% among the other regions. Therefore, the hydrogen generation market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • France
  • Russian Federation
The key factors driving the hydrogen generation market growth are:
  • Growing demand for fertilizers
  • Growing focus on reducing carbon footprint
The hydrogen generation market vendors should focus on grabbing business opportunities from the chemical industry segment as it accounted for the largest market share in the base year.
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