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Hydrogen Generation Market Trends

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Report ID: 3134
Published Date: Sep 02, 2024
Report Format: PDF, PPT

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Hydrogen Generation Market Trends

Growth Drivers

Rising Demand for Green & Clean Resources of Energy
Growing Need for Balancing Demand and Supply in the Power Sector

Challenges

Decarbonizing Hydrogen Production

Hydrogen Generation Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	8.5%
Base Year Market Size (2023)	USD 17.46 billion
Forecast Year Market Size (2036)	USD 50.42 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Hydrogen Generation Market Size & Share, Growth Report 2036

Author Credits: Dhruv Bhatia

Report ID: 3134
Published Date: Sep 02, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of hydrogen generation is estimated at USD 169.37 billion.

Hydrogen Generation Market size was valued at USD 157.17 billion in 2023 and is likely to reach USD 523.67 billion by 2036, registering around 9.7% CAGR during the forecast period i.e., between 2024-2036. Rising demand for green & clean resources of energy and growing need for balancing demand and supply in the power sector will fuel the market growth.

Asia Pacific is expected to account for largest revenue share by 2036, owing to rising requirement of energy in the region and escalating adoption of greener technologies to fulfil government's targets for reducing GHG emissions, especially in China and India.

The major players in the market include Air Liquide, Cummins Inc., Linde plc, ITM Power plc, Nel ASA, and others.

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