세계의 수소 생성 시장 - 규모, 점유율, 동향, 예측 : 기술, 용도, 시스템 유형, 지역별(2025-2033년)

The global hydrogen generation market size was valued at USD 172.5 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 272.4 Billion by 2033, exhibiting a CAGR of 5.14% during 2025-2033. Asia-Pacific currently dominates the market, holding a significant market share of over 35.4% in 2024. The rising environmental concerns, increasing need for sustainable energy sources, and the escalating demand for renewable energy across the globe represent some of the key factors driving the market.

The global market is primarily driven by the increasing demand for clean energy solutions to minimize greenhouse gas emissions while combating climate change. Governments across the globe are promoting hydrogen as a sustainable energy carrier through supportive policies, subsidies, and investments in infrastructure development which is driving the market. Technological advancements in hydrogen production, such as electrolysis and carbon capture, have significantly improved efficiency and cost-effectiveness, further accelerating market growth. Rising adoption across industries such as transportation, power generation, and chemicals enhances demand, while the growing integration of hydrogen into renewable energy projects propels its market appeal. On February 14, 2024, the Ministry of New & Renewable Energy (MNRE), India, released scheme guidelines to facilitate pilot projects for the use of green hydrogen as fuel in buses, trucks, and four-wheelers under National Green Hydrogen Mission. The total budgetary outlay under this scheme would be Rs 496 crore till the financial year 2025-26. Additionally, the increasing focus on energy independence and the global push for decarbonization is providing an impetus to the market.

The United States stands out as a key regional market, primarily driven by increasing industrial demand for hydrogen in refining, ammonia production, and methanol synthesis. The growth of renewable energy projects, such as solar and wind, improves the production of green hydrogen, which is in line with sustainability goals. Hydrogen storage and distribution infrastructure, including pipelines and fueling stations, is being developed to create a strong supply chain for growing adoption. Public-private partnerships and cooperation between energy companies, technology developers, and government agencies are escalating innovation and market access. In addition, increased interest in hydrogen as a backup power source for grid resilience and its potential to be used in heavy industries including steel and cement is increasing its presence in the energy space.

Hydrogen Generation Market Trends:

Transition to Sustainable Energy Sources

Governments worldwide are implementing robust measures to reduce carbon emissions in sectors such as the automotive industry, fostering an uptick in the adoption of clean energy solutions. In 2023, nearly 20% of all cars sold globally were electric vehicles (EVs). Concurrently, hydrogen's role as a coolant in power plant generators is emerging as a pivotal growth driver. Projects aimed at minimizing the costs and ecological footprint of hydrogen production technologies are on the rise, with nuclear energy-based hydrogen generation gaining traction as an economical, low-carbon alternative. This development is fueling the demand for hydrogen in key applications including glass purification, fertilizer production, and semiconductor manufacturing globally.

Economic and Policy Catalysts

The rising costs of conventional fuels such as oil and natural gas, combined with escalating electricity prices, are increasing the appeal of hydrogen-based energy sources across industries. In 2022, global fossil fuel subsidies surpassed USD 1 trillion for the first time, according to the International Energy Agency (IEA). Meanwhile, the adoption of clean energy by governments is enhancing the positive outlook in the market. Hydrogen is, for instance widely used in the production of new materials including hydrogenated polymers and metals which show better performance and value added compared to the old alternative. All these innovations are further propelled by the hydrogen refueling stations, designed to be energy-efficient and cost-effective. As of September 2023, India has 2 hydrogen refuelling stations, located at Indian Oil's R&D Centre and the National Institute of Solar Energy in Faridabad and Gurugram respectively.

Continuous Technological Advancements

Advances in technology and cost reductions are continually making hydrogen generation more affordable and accessible, thereby creating investments in the sector. This is further catalyzing new markets for hydrogen-based products and services. Hydrogen integration into various industry verticals from energy to manufacturing is propelling its adoption rate. The market is also benefiting from the growing trend of sustainable infrastructure, such as efforts to increase the capacities of hydrogen production and fine-tune the efficiency of hydrogen power systems. These developments enhance the global appeal of hydrogen as a clean source of energy and position it as a cornerstone for addressing the challenges of climate change.

Hydrogen Generation Industry Segmentation:

Analysis by Technology:

• Coal Gasification
• Steam Methane Reforming
• Others

Steam methane reforming stands as the largest component in 2024, holding around 64.5% of the market. This is due to its economical and efficient production of large-scale hydrogen. SMR relies on natural gas as the main feedstock that is reacted with steam at high temperatures to produce hydrogen and carbon monoxide, which undergo a water-gas shift reaction to provide more hydrogen. Although there are environmental concerns related to carbon emissions, the technology is widely used due to the established infrastructure and the capacity to fulfill industrial hydrogen requirements. Many industries use SMR for refining, ammonia production, and methanol synthesis. Further, developments in CCS technologies are also helping mitigate environmental concerns, thus ensuring SMR remains a continued preferred choice in the transition toward low-carbon hydrogen solutions.

Analysis by Application:

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

Ammonia production leads the market with around 21.6% of market share in 2024 due to its extensive use in fertilizer manufacturing and other industrial processes. Ammonia is produced via the Haber-Bosch process, which requires hydrogen as a crucial feedstock. As more food is demanded globally, fertilizers used in agriculture increase their demand for ammonia, thereby increasing their consumption of hydrogen. Additionally, ammonia is also emerging as an excellent hydrogen carrier and clean source of energy in the market. The increasing need for greener ammonia with renewable hydrogen is further encouraging the use of ammonia, enhancing its dominance in hydrogen applications as well as its criticality in energy transition strategies all over the world.

Analysis by System Type:

• Merchant
• Captive

Merchant reforming leads the market with around 62.5% of market share in 2024, primarily due to its scalability and ability to cater to a wide range of industries. Hydrogen is generated through methods such as steam methane reforming in centralized facilities, which then provide it to the end-users. This system does not rely on a significant on-site production infrastructure and thus represents one of the more economical approaches for industries needing significant amounts of hydrogen. Merchant reforming supports applications in the refining, chemical production, and energy sectors, among others. Its dominance is further bolstered by advancements in transportation technologies, such as high-pressure tube trailers and liquefied hydrogen carriers, which enhance distribution efficiency. This system type is instrumental in meeting rising hydrogen demands globally.

Regional Analysis:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa

In 2024, Asia-Pacific accounted for the largest market share of over 35.4%. This is due to rapid industrialization, rising energy consumption, and government policies in these countries for clean energy alternatives. China, Japan, South Korea, and India are the major economies that have been at the forefront of hydrogen adoption across refining, transportation, and manufacturing sectors. Hydrogen production is dominated by China due to its robust industrial base and its reliance on coal gasification, whereas Japan and South Korea are investing in hydrogen-based fuel cells and infrastructure development. India is advancing green hydrogen projects to reduce carbon footprints. The region is receiving major investments in hydrogen technologies and large-scale production facilities. Policies promoting renewable hydrogen in support of global climate goals strengthen Asia-Pacific's leadership.

Key Regional Takeaways:

United States Hydrogen Generation Market Analysis

The hydrogen generation market in the United States is driven by the country's growing commitment to clean energy and decarbonization. Federal and state-level initiatives, such as the Infrastructure Investment and Jobs Act and the Clean Energy Standard, are promoting the development of hydrogen technologies and infrastructure. With a strong emphasis on renewable energy sources, the U.S. is increasingly investing in green hydrogen production, supported by advancements in electrolysis technology and renewable power integration. The transportation sector, which contributed 6.7% to the U.S. GDP in 2022, or approximately USD 1.7 Trillion, is a major driver of hydrogen demand. The adoption of hydrogen fuel cell vehicles (FCVs) is particularly prominent in states like California, where regulatory frameworks encourage clean mobility. Additionally, hydrogen plays a key role in industrial applications such as refining, steel manufacturing, and ammonia production. Partnerships between private companies, government bodies, and research institutions are further accelerating advancements in hydrogen storage, transport, and distribution. The potential for hydrogen to support the U.S. in achieving net-zero emissions by mid-century solidifies its role in the country's energy future.

Asia Pacific Hydrogen Generation Market Analysis

The Asia-Pacific (APAC) region is witnessing significant growth in the hydrogen generation market due to its increasing focus on reducing carbon emissions and meeting energy demands. Key countries like Japan, South Korea, and China are at the forefront, investing in hydrogen as a clean fuel alternative, particularly in industries such as transportation and manufacturing. Notably, 50% of the world's top 10 economies for manufacturing are located in APAC, creating substantial demand for hydrogen in sectors like steel production, chemicals, and refining. Japan's commitment to hydrogen fuel cell vehicles (FCVs) and South Korea's green hydrogen initiatives are notable examples. Additionally, China's push for carbon neutrality by 2060 further fuels the adoption of hydrogen technologies. The region's growing investments in hydrogen infrastructure, including storage and transport networks, and strong government-private sector collaborations, are driving the market's expansion in APAC.

Europe Hydrogen Generation Market Analysis

Europe is a leading region in the hydrogen generation market, driven by ambitious green energy policies and a focus on decarbonizing various sectors. The European Union's Green Deal and its hydrogen strategy aim to significantly scale up clean hydrogen production, with the goal of producing 10 Million Tons of renewable hydrogen by 2030. Countries such as Germany, the Netherlands, and France are at the forefront of large-scale hydrogen projects focusing on green hydrogen as part of their energy transition agenda. European manufacturers are investing in advanced electrolysis technologies with significant support from national and EU funding programs. Further, Europe's strong industrial base, including heavy industries such as steel, chemicals, and refining, creates a huge demand for hydrogen as a cleaner energy source. Furthermore, growing concerns about energy security and dependence on imports of fossil fuels are driving the change in Europe toward self-sufficient hydrogen production. Beside this, cross-border hydrogen infrastructure developments are also gaining momentum as they enable a more integrated hydrogen economy and foster regional cooperation, which in turn expands the growth potential of this European market.

Latin America Hydrogen Generation Market Analysis

Latin America's hydrogen generation market is driven by the region's vast renewable energy resources, particularly in countries like Brazil, Chile, and Argentina. Brazil stands out with 89% renewable penetration, just behind Norway's 98.5%, making it a leading market for green hydrogen. Among the largest markets in the region, Colombia and Chile are also notable players, with renewable energy shares of around 75% and 55%. These nations are leveraging their wind and solar potential to develop green hydrogen projects, accelerating the region's transition to cleaner energy. International investments and regional partnerships further enhance the market's growth in Latin America.

Middle East and Africa Hydrogen Generation Market Analysis

The hydrogen generation market in the Middle East and Africa is propelled by the region's rich natural resources and its push toward diversifying energy sources. The Middle East produces approximately 30% of the world's oil, and oil-based revenue is a huge driver for the governments. Several countries, including Saudi Arabia and the UAE, are investing in green hydrogen production as part of their economic diversification plans and in their commitment to reducing carbon emissions. The region is apt for renewable energy, and the availability of solar power, among other conditions, supports the green hydrogen project.

Competitive Landscape:

The competitive landscape in the hydrogen generation market is intensely innovative and strategically collaborative between key players looking to take a share of growing demand. Key companies are investing significantly in research and development to move forward with hydrogen production technologies: green hydrogen from renewable sources and blue hydrogen with carbon capture capabilities. They are partnering and entering into joint ventures to increase their production capacities and establish hydrogen ecosystems worldwide. Market leaders are also setting up low-cost hydrogen re-fueling infrastructure and streamlining transportation logistics for the establishment of hydrogen across all markets. Strategic acquisitions and portfolio diversification are other leading trend, that helps companies enlarge their footprint in new geographies and meet the rising need for clean energy solutions.

The report provides a comprehensive analysis of the competitive landscape in the hydrogen generation market with detailed profiles of all major companies, including:

• Air Liquide International S.A.
• Air Products Inc.
• CLAIND srl
• INOX Air Products Ltd.
• Linde Plc
• Mahler AGS GmbH
• McPhy Energy S.A.
• Messer Group GmbH
• NEL Hydrogen
• Taiyo Nippon Sanso Corporation
• Weldstar Inc.
• Xebec Adsorption Inc.

Key Questions Answered in This Report

• 1.What is hydrogen generation?
• 2.How big is the hydrogen generation market?
• 3.What is the expected growth rate of the global hydrogen generation market during 2025-2033?
• 4.What are the key factors driving the global hydrogen generation market?
• 5.What is the leading segment of the global hydrogen generation market based on technology?
• 6.What is the leading segment of the global hydrogen generation market based on application?
• 7.What is the leading segment of the global hydrogen generation market based on systems type?
• 8.What are the key regions in the global hydrogen generation market?
• 9.Who are the key players/companies in the global hydrogen generation market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Hydrogen Generation Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Technology

• 6.1 Coal Gasification
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Steam Methane Reforming
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Others
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Application

• 7.1 Methanol Production
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Ammonia Production
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Petroleum Refinery
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Transportation
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Power Generation
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast
• 7.6 Others
  • 7.6.1 Market Trends
  • 7.6.2 Market Forecast

8 Market Breakup by Systems Type

• 8.1 Merchant
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Captive
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast

9 Market Breakup by Region

• 9.1 North America
  • 9.1.1 United States
    • 9.1.1.1 Market Trends
    • 9.1.1.2 Market Forecast
  • 9.1.2 Canada
    • 9.1.2.1 Market Trends
    • 9.1.2.2 Market Forecast
• 9.2 Asia-Pacific
  • 9.2.1 China
    • 9.2.1.1 Market Trends
    • 9.2.1.2 Market Forecast
  • 9.2.2 Japan
    • 9.2.2.1 Market Trends
    • 9.2.2.2 Market Forecast
  • 9.2.3 India
    • 9.2.3.1 Market Trends
    • 9.2.3.2 Market Forecast
  • 9.2.4 South Korea
    • 9.2.4.1 Market Trends
    • 9.2.4.2 Market Forecast
  • 9.2.5 Australia
    • 9.2.5.1 Market Trends
    • 9.2.5.2 Market Forecast
  • 9.2.6 Indonesia
    • 9.2.6.1 Market Trends
    • 9.2.6.2 Market Forecast
  • 9.2.7 Others
    • 9.2.7.1 Market Trends
    • 9.2.7.2 Market Forecast
• 9.3 Europe
  • 9.3.1 Germany
    • 9.3.1.1 Market Trends
    • 9.3.1.2 Market Forecast
  • 9.3.2 France
    • 9.3.2.1 Market Trends
    • 9.3.2.2 Market Forecast
  • 9.3.3 United Kingdom
    • 9.3.3.1 Market Trends
    • 9.3.3.2 Market Forecast
  • 9.3.4 Italy
    • 9.3.4.1 Market Trends
    • 9.3.4.2 Market Forecast
  • 9.3.5 Spain
    • 9.3.5.1 Market Trends
    • 9.3.5.2 Market Forecast
  • 9.3.6 Russia
    • 9.3.6.1 Market Trends
    • 9.3.6.2 Market Forecast
  • 9.3.7 Others
    • 9.3.7.1 Market Trends
    • 9.3.7.2 Market Forecast
• 9.4 Latin America
  • 9.4.1 Brazil
    • 9.4.1.1 Market Trends
    • 9.4.1.2 Market Forecast
  • 9.4.2 Mexico
    • 9.4.2.1 Market Trends
    • 9.4.2.2 Market Forecast
  • 9.4.3 Others
    • 9.4.3.1 Market Trends
    • 9.4.3.2 Market Forecast
• 9.5 Middle East and Africa
  • 9.5.1 Market Trends
  • 9.5.2 Market Breakup by Country
  • 9.5.3 Market Forecast

10 SWOT Analysis

• 10.1 Overview
• 10.2 Strengths
• 10.3 Weaknesses
• 10.4 Opportunities
• 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

• 12.1 Overview
• 12.2 Bargaining Power of Buyers
• 12.3 Bargaining Power of Suppliers
• 12.4 Degree of Competition
• 12.5 Threat of New Entrants
• 12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

• 14.1 Market Structure
• 14.2 Key Players
• 14.3 Profiles of Key Players
  • 14.3.1 Air Liquide International S.A.
    • 14.3.1.1 Company Overview
    • 14.3.1.2 Product Portfolio
  • 14.3.2 Air Products Inc
    • 14.3.2.1 Company Overview
    • 14.3.2.2 Product Portfolio
    • 14.3.2.3 Financials
    • 14.3.2.4 SWOT Analysis
  • 14.3.3 CLAIND srl
    • 14.3.3.1 Company Overview
    • 14.3.3.2 Product Portfolio
    • 14.3.3.3 Financials
  • 14.3.4 INOX Air Products Ltd.
    • 14.3.4.1 Company Overview
    • 14.3.4.2 Product Portfolio
  • 14.3.5 Linde plc
    • 14.3.5.1 Company Overview
    • 14.3.5.2 Product Portfolio
  • 14.3.6 Mahler AGS GmbH
    • 14.3.6.1 Company Overview
    • 14.3.6.2 Product Portfolio
  • 14.3.7 McPhy Energy S.A.
    • 14.3.7.1 Company Overview
    • 14.3.7.2 Product Portfolio
    • 14.3.7.3 Financials
  • 14.3.8 Messer Group GmbH
    • 14.3.8.1 Company Overview
    • 14.3.8.2 Product Portfolio
    • 14.3.8.3 Financials
  • 14.3.9 NEL Hydrogen
    • 14.3.9.1 Company Overview
    • 14.3.9.2 Product Portfolio
    • 14.3.9.3 Financials
  • 14.3.10 Taiyo Nippon Sanso Corporation
    • 14.3.10.1 Company Overview
    • 14.3.10.2 Product Portfolio
  • 14.3.11 Weldstar Inc.
    • 14.3.11.1 Company Overview
    • 14.3.11.2 Product Portfolio
  • 14.3.12 Xebec Adsorption Inc.
    • 14.3.12.1 Company Overview
    • 14.3.12.2 Product Portfolio
    • 14.3.12.3 Financials