Global Hydrogen Generation Market to reach USD 240.71 billion by 2027.Global Hydrogen Generation Market is valued at approximately USD 130 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.2 % over the forecast period 2021-2027. Hydrogen generation is a technique which is used to produce hydrogen from water, using a process called electrolysis. Growing investment in renewable energy, government regulations for desulfurization and greenhouse gas emissions have led to the adoption of Hydrogen generation across the forecast period. For Instance: as per the Ministry of New & Renewable Energy (MNRE), in partnership with FICCI India set to achieve 450 GW renewable energy installed capacity by 2030. Also, with the increasing focus on developing a hydrogen-based economy, the adoption & demand for Hydrogen generation is likely to increase the market growth during the forecast period. However, the high capital cost of hydrogen energy storage impedes the growth of the market over the forecast period of 2021-2027.

Global Hydrogen Generation Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technological advancement and heavy investment in fuel cell adoption. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as adopting green technologies would create profitable growth prospects for the Hydrogen generation Market across Asia-Pacific region.

Major market players included in this report are:
ATAWEY
Electrochaea
AquaHydrex, Inc.
EXYTRON
Enapter
Starfire Energy
Hiringa Energy
Plug Power
Claind
Ally Hi-Tech
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the Source within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Technology:
Steam methane reforming
Partial oxidation (pox)
Coal gasification
Electrolysis
By Application:
Petroleum refinery
Generation mode
Ammonia production
Methanol production
Transportation
Power generation
Other applications
By Source:
Blue hydrogen
Green hydrogen
Grey hydrogen
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Hydrogen Generation Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors