Table of Content

1 INTRODUCTION 37
1.1 OBJECTIVES OF THE STUDY 37
1.2 DEFINITION 37
1.2.1 HYDROGEN GENERATION MARKET, INCLUSIONS VS. EXCLUSIONS 38
1.3 MARKET SCOPE 38
1.3.1 MARKET SEGMENTATION 38
1.3.2 REGIONS COVERED 39
1.3.3 YEARS CONSIDERED FOR THE STUDY 39
1.4 CURRENCY 40
1.5 LIMITATIONS 40
1.6 STAKEHOLDERS 40
1.7 SUMMARY OF CHANGES 41

2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 1 HYDROGEN GENERATION MARKET: RESEARCH DESIGN 42
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 2 DATA TRIANGULATION METHODOLOGY 43
2.2.1 SECONDARY DATA 44
2.2.1.1 Key data from secondary sources 44
2.2.2 PRIMARY DATA 45
2.2.2.1 Key data from primary sources 45
2.2.2.2 Breakdown of primaries 45
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 46
TABLE 1 HYDROGEN GENERATION MARKET: PLAYERS/CONNECTED COMPANIES 46
2.3 SCOPE 47
2.3.1 IMPACT OF COVID-19 47
2.4 MARKET SIZE ESTIMATION 48
2.4.1 BOTTOM-UP APPROACH 48
FIGURE 4 HYDROGEN GENERATION MARKET: BOTTOM-UP APPROACH 48
2.4.2 TOP-DOWN APPROACH 49
FIGURE 5 HYDROGEN GENERATION MARKET: TOP-DOWN APPROACH 49
2.4.3 IDEAL DEMAND-SIDE ANALYSIS 49
FIGURE 6 HYDROGEN GENERATION MARKET: DEMAND-SIDE ANALYSIS 49
2.4.3.1 Assumptions 50
2.4.3.2 Calculation 50
2.4.4 SUPPLY-SIDE ANALYSIS 51
FIGURE 7 HYDROGEN GENERATION MARKET: SUPPLY-SIDE ANALYSIS 51
2.4.4.1 Assumptions 51
2.4.4.2 Calculation 51
FIGURE 8 RANKING OF KEY PLAYERS & INDUSTRY CONCENTRATION, 2019 52
2.4.5 FORECAST 52

3 EXECUTIVE SUMMARY 53
3.1 HYDROGEN GENERATION MARKET SNAPSHOT 54
FIGURE 9 ASIA PACIFIC HELD LARGEST SHARE OF HYDROGEN GENERATION MARKET
IN 2019 55
FIGURE 10 PETROLEUM REFINERY APPLICATION HOLDS THE HIGHEST MARKET SHARE IN THE HYDROGEN GENRATION MARKET 55
FIGURE 11 GREY HYDROGEN SEGMENT LED THE HYDROGEN GENERATION MARKET,
BY SOURCE, IN 2019 56
FIGURE 12 ONBOARD HYDROGEN STORAGE SEGMENT LED THE HYDROGEN GENERATION MARKET, BY STORAGE, IN 2019 56
FIGURE 13 STEAM METHANE REFORMING TECHNOLOGY SEGMENT LED THE HYDROGEN GENERATION MARKET, BY TECHNOLOGY, IN 2020 57
FIGURE 14 MERCHANT SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 57
3.2 SCENARIO ANALYSIS 58
FIGURE 15 SCENARIO ANALYSIS, HYDROGEN GENERATION MARKET 58
3.2.1 OPTIMISTIC SCENARIO 58
3.2.2 REALISTIC SCENARIO 59
3.2.3 PESSIMISTIC SCENARIO 59

4 PREMIUM INSIGHTS 61
4.1 ATTRACTIVE OPPORTUNITIES IN HYDROGEN GENERATION MARKET 61
FIGURE 16 HIGH DEMAND FOR LONG-TERM POWER STORAGE SOLUTIONS WOULD BOOST HYDROGEN GENERATION MARKET GROWTH DURING 2020–2025 61
4.2 HYDROGEN GENERATION MARKET, BY SOURCE 61
FIGURE 17 BLUE HYDROGEN IS EXPECTED TO RECORD HIGHEST CAGR
FROM 2020 TO 2025 61
4.3 HYDROGEN GENERATION MARKET, BY STORAGE 62
FIGURE 18 POWER-TO-GAS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 62
4.4 HYDROGEN GENERATION MARKET, BY REGION 62
FIGURE 19 ASIA PACIFIC HYDROGEN GENERATION MARKET IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 62
4.5 ASIA PACIFIC HYDROGEN GENERATION MARKET, BY APPLICATION & COUNTRY 63
FIGURE 20 AMMONIA APPLICATION SEGMENT AND CHINA DOMINATED ASIA PACIFIC HYDROGEN GENERATION MARKET IN 2019 63
4.6 HYDROGEN GENERATION MARKET, BY TECHNOLOGY 63
FIGURE 21 STEAM METHANE TECHNOLOGY IS PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD 63
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5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 COVID-19 HEALTH ASSESSMENT 64
FIGURE 22 COVID-19 GLOBAL PROPAGATION 64
FIGURE 23 COVID-19 PROPAGATION IN SELECT COUNTRIES 65
5.3 ROAD TO RECOVERY 66
FIGURE 24 RECOVERY ROAD FOR 2020 AND 2021 66
5.4 COVID-19 ECONOMIC ASSESSMENT 67
FIGURE 25 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020 67
5.5 YC SHIFT 67
FIGURE 26 YC SHIFT 67
5.6 MARKET DYNAMICS 68
FIGURE 27 HYDROGEN GENERATION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 68
5.6.1 DRIVERS 69
5.6.1.1 Demand for long-term storage of renewable energy 69
FIGURE 28 GLOBAL RENEWABLE ENERGY CAPACITY TREND, BY SOURCE, 2010–2019 69
TABLE 2 DECLINING POWER GENERATION COSTS, 2010–2019 69
5.6.1.2 Government regulations for desulfurization and greenhouse gas emissions 70
FIGURE 29 GLOBAL GREENHOUSE GAS EMISSIONS, BY SECTOR, 2017 70
5.6.1.3 Increasing demand in transportation sector 71
5.6.2 RESTRAINTS 71
5.6.2.1 High capital cost of hydrogen energy storage 71
5.6.2.2 High energy consumption of hydrogen generation technologies 72
5.6.3 OPPORTUNITIES 72
5.6.3.1 Increasing focus on developing hydrogen-based economy 72
5.6.3.2 Development of green hydrogen production technologies 72
5.6.4 CHALLENGES 73
5.6.4.1 Lack of well-established infrastructure for electric cars 73
FIGURE 30 GLOBAL TOTAL PUBLIC ACCESSIBLE EV CHARGING STATIONS 73
5.7 SUPPLY CHAIN OVERVIEW 74
FIGURE 31 HYDROGEN GENERATION SUPPLY CHAIN 74
5.7.1 KEY INFLUENCERS 74
5.7.1.1 Hydrogen technology providers 74
5.7.1.2 Hydrogen producers/suppliers 74
5.7.1.3 End users 74
5.8 TECHNOLOGY ANALYSIS 75
5.8.1 TECHNOLOGIES FOR GENERATING HYDROGEN 75
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5.9 CASE STUDIES 76
5.9.1 ASAHI KASEI IS USING SAP LEONARDO FOR GREEN HYDROGEN PRODUCTION 76
5.9.2 CUMMINS IS USING ITS LATEST ELECTROLYZER TO ENABLE RENEWABLE ENERGY FOR PUBLIC UTILITIES IN WASHINGTON 76
5.10 MARKET MAP 76
5.10.1 HYDROGEN GENERATION: MARKET MAP 76
5.11 HYDROGEN GENERATION MARKET: PATENT ANALYSIS 77
5.11.1 INNOVATIONS AND PATENT REGISTRATIONS 77
TABLE 3 IMPORTANT INNOVATIONS AND PATENT REGISTRATIONS, 2014–2018 77
5.12 TARIFF AND REGULATORY LANDSCAPE 78
TABLE 4 ELECTRICITY PRICES IN SOME COUNTRIES, 2018 78
TABLE 5 REGULATORY PROGRAMS FOR HYDROGEN 79

6 IMPACT OF COVID-19 ON HYDROGEN GENERATION MARKET, SCENARIO ANALYSIS, BY REGION 80
6.1 INTRODUCTION 80
6.1.1 IMPACT OF COVID-19 ON GDP 80
TABLE 6 GDP ANALYSIS (IN PERCENTAGE) 80
6.1.2 OPTIMISTIC SCENARIO 81
TABLE 7 OPTIMISTIC SCENARIO: HYDROGEN GENERATION MARKET, BY REGION, 2018–2025 (USD MILLION) 81
6.1.3 REALISTIC SCENARIO 82
TABLE 8 REALISTIC SCENARIO: HYDROGEN GENERATION MARKET, BY REGION, 2018–2025 (USD MILLION) 82
6.1.4 PESSIMISTIC SCENARIO 82
TABLE 9 PESSIMISTIC SCENARIO: RESIDENTIAL ENERGY MANAGEMENT MARKET,
BY REGION, 2018–2025 (USD MILLION) 83

7 HYDROGEN GENERATION MARKET, BY TECHNOLOGY 84
7.1 INTRODUCTION 85
FIGURE 32 BY TECHNOLOGY, ELECTROLYSIS IS EXPECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025 85
TABLE 10 HYDROGEN GENERATION MARKET, BY TECHNOLOGY,
2016–2019 (THOUSAND METRIC TONNES) 85
TABLE 11 HYDROGEN GENERATION MARKET, BY TECHNOLOGY,
2020–2025 (THOUSAND METRIC TONNES) 86
TABLE 12 HYDROGEN GENERATION MARKET, BY TECHNOLOGY,
2016–2019 (USD MILLION) 86
TABLE 13 HYDROGEN GENERATION MARKET, BY TECHNOLOGY,
2020–2025 (USD MILLION) 86
7.2 STEAM METHANE REFORMING (SMR) 87
7.2.1 ENERGY EFFICIENCY AND MATURITY OF TECHNOLOGY DRIVE GROWTH OF STEAM METHANE REFORMING 87
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7.3 PARTIAL OXIDATION (POX) 87
7.3.1 INCREASING DEMAND FOR AUTOMOBILE FUEL CELLS DRIVES THE POX SEGMENT 87
7.4 COAL GASIFICATION 87
7.4.1 INCREASING DEMAND FOR LOWER EMISSION POLLUTANTS THAN CONVENTIONAL COAL COMBUSTION DRIVES THE COAL GASIFICATION SEGMENT 87
7.5 ELECTROLYSIS 88
7.5.1 INCREASING USE OF FUEL CELL IN POWER GENERATION AND TRANSPORTATION IS DRIVING ELECTROLYSIS SEGMENT 88
TABLE 14 TECHNICAL TARGETS: DISTRIBUTED WATER ELECTROLYSIS HYDROGEN PRODUCTION 88
8 HYDROGEN GENERATION MARKET, BY APPLICATION 89
8.1 INTRODUCTION 90
FIGURE 33 HYDROGEN GENERATION MARKET, BY APPLICATION, 2019, BY VALUE 90
TABLE 15 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (THOUSAND METRIC TONNES) 90
TABLE 16 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (THOUSAND METRIC TONNES) 91
TABLE 17 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 91
TABLE 18 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 91
8.1.1 PETROLEUM REFINERY 92
8.1.1.1 Increasing demand for hydrogen by refineries to lower sulfur content of diesel fuel drives this segment 92
TABLE 19 PETROLEUM REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 92
TABLE 20 PETROLEUM REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 93
TABLE 21 PETROLEUM REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 93
TABLE 22 PETROLEUM REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 93
8.1.2 BY GENERATION MODE 94
TABLE 23 REFINERY APPLICATION: HYDROGEN GENERATION MARKET SIZE,
BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONNES) 94
TABLE 24 REFINERY APPLICATION: HYDROGEN GENERATION MARKET SIZE,
BY GENERATION MODE, 2020–2025 (THOUSAND METRIC TONNES) 94
TABLE 25 REFINERY APPLICATION: HYDROGEN GENERATION MARKET SIZE,
BY GENERATION MODE, 2016–2019 (USD MILLION) 94
TABLE 26 REFINERY APPLICATION: HYDROGEN GENERATION MARKET SIZE,
BY GENERATION MODE, 2020–2025 (USD MILLION) 95
8.1.2.1 CAPTIVE REFINERY HYDROGEN GENERATION 95
TABLE 27 CAPTIVE REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 95
TABLE 28 CAPTIVE REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 96
TABLE 29 CAPTIVE REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 96
TABLE 30 CAPTIVE REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 96
8.1.2.2 MERCHANT REFINERY HYDROGEN GENERATION 97
TABLE 31 MERCHANT REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 97
TABLE 32 MERCHANT REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 97
TABLE 33 MERCHANT REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 98
TABLE 34 MERCHANT REFINERY: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 98
8.1.3 AMMONIA PRODUCTION 98
8.1.3.1 Rise in demand for carbon-free hydrogen for nitrogen-based fertilizers drives the ammonia production segment 98
TABLE 35 AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 99
TABLE 36 AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 99
TABLE 37 AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (USD MILLION) 100
TABLE 38 AMMONIA PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2020–2025 (USD MILLION) 100
8.1.4 METHANOL PRODUCTION 100
8.1.4.1 Increasing demand for transportation fuel, wastewater denitrification, and electricity generation drives methanol production 100
TABLE 39 METHANOL PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 101
TABLE 40 METHANOL PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 101
TABLE 41 METHANOL PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (USD MILLION) 102
TABLE 42 METHANOL PRODUCTION: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2020–2025 (USD MILLION) 102
8.1.5 TRANSPORTATION 102
8.1.5.1 Rapid rise in demand for fuel cell electric vehicles (FCEV) in Asia Pacific drives the transportation segment 102
TABLE 43 TRANSPORTATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 103
TABLE 44 TRANSPORTATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 103
TABLE 45 TRANSPORTATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 103
TABLE 46 TRANSPORTATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 104
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8.1.6 POWER GENERATION 104
8.1.6.1 Rapid stationary and portable fuel cell installations in North America owing to increase demand for clean energy drive power generation segment 104
TABLE 47 POWER GENERATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 105
TABLE 48 POWER GENERATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 105
TABLE 49 POWER GENERATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 105
TABLE 50 POWER GENERATION: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 106
8.1.7 OTHER APPLICATIONS 106
8.1.7.1 Increasing demand for carbon-free hydrogen from industries such as food, metal, transportation, and fabrication drives this segment 106
TABLE 51 OTHER APPLICATIONS: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 107
TABLE 52 OTHER APPLICATIONS: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 107
TABLE 53 OTHER APPLICATIONS: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 107
TABLE 54 OTHER APPLICATIONS: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD MILLION) 108

9 HYDROGEN GENERATION MARKET, BY STORAGE 109
9.1 INTRODUCTION 110
FIGURE 34 HYDROGEN GENERATION MARKET, BY STORAGE, 2019 (IN TERMS OF VALUE) 110
TABLE 55 HYDROGEN GENERATION MARKET SIZE, BY STORAGE,
2016–2019 (USD THOUSAND) 110
TABLE 56 HYDROGEN GENERATION MARKET SIZE, BY STORAGE TYPE,
2020–2025 (USD THOUSAND) 111
9.1.1 ONBOARD STORAGE 111
9.1.1.1 Increasing demand for hydrogen fuel in onboard applications such as transportation, refueling stations, and power generation drives this segment 111
TABLE 57 ONBOARD STORAGE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD THOUSAND) 112
TABLE 58 ONBOARD STORAGE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD THOUSAND) 112
9.1.2 UNDERGROUND STORAGE 112
9.1.2.1 High potential for underground natural gas stores in Europe and North America drives the underground storage segment 112
TABLE 59 UNDERGROUND STORAGE: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (USD THOUSAND) 113
TABLE 60 UNDERGROUND STORAGE: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2020–2025 (USD THOUSAND) 113
9.1.3 POWER-TO-GAS STORAGE 113
9.1.3.1 Integration of surplus renewable energies for power generation drives the power-to-gas storage segment 113
TABLE 61 POWER-TO-GAS STORAGE: HYDROGEN GENERATION MARKET SIZE,
BY REGION, 2016–2019 (USD THOUSAND) 114
TABLE 62 POWER-TO-STORAGE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (USD THOUSAND) 114

10 HYDROGEN GENERATION MARKET, BY SOURCE 115
10.1 INTRODUCTION 116
FIGURE 35 BLUE HYDROGEN IS EXPECTED TO BE THE FASTEST-GROWING SEGMENT OF HYDROGEN GENERATION MARKET FROM 2020 TO 2025 116
TABLE 63 HYDROGEN GENERATION MARKET, BY SOURCE, 2016–2019 (USD MILLION) 116
TABLE 64 HYDROGEN GENERATION MARKET, BY SOURCE, 2020–2025 (USD MILLION) 117
10.2 BLUE HYDROGEN 117
10.2.1 INCREASING DEMAND FOR CAPTURING AND REUSING OR STORING CARBON EMISSIONS DRIVES THIS SEGMENT 117
10.3 GREEN HYDROGEN 117
10.3.1 INCREASING DEMAND FOR ZERO CARBON EMISSIONS DRIVES GREEN HYDROGEN SEGMENT 117
10.4 GREY HYDROGEN 118
10.4.1 LOWEST PRODUCTION COST BOOSTS DEMAND FOR THIS MARKET SEGMENT 118

11 HYDROGEN GENERATION MARKET, BY GENERATION & DELIVERY MODE 119
11.1 INTRODUCTION 120
FIGURE 36 CAPTIVE HYDROGEN GENERATION SEGMENT HELD A LARGER MARKET SHARE IN 2019 (BY VALUE) 120
TABLE 65 HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONNES) 120
TABLE 66 HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2025 (THOUSAND METRIC TONNES) 121
TABLE 67 HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION) 121
TABLE 68 HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2025 (USD MILLION) 121
11.2 CAPTIVE 122
11.2.1 ON-SITE HYDROGEN REQUIREMENTS OF AMMONIA PRODUCTION FACILITIES AND PETROLEUM REFINERIES ARE EXPECTED TO DRIVE THE GROWTH OF CAPTIVE SEGMENT 122
TABLE 69 CAPTIVE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 122
TABLE 70 CAPTIVE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 122
TABLE 71 CAPTIVE: HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 123
TABLE 72 CAPTIVE: HYDROGEN GENERATION MARKET, BY REGION,
2020–2025 (USD MILLION) 123
11.3 MERCHANT 123
11.3.1 LARGE-SCALE HYDROGEN PRODUCTION THROUGH WATER ELECTROLYSIS AND NATURAL GAS PROCESS IS EXPECTED TO DRIVE THE MERCHANT SEGMENT 123
TABLE 73 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TONNES) 124
TABLE 74 MERCHANT: HYDROGEN GENERATION MARKET, BY REGION,
2020–2025 (THOUSAND METRIC TONNES) 124
TABLE 75 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 124
TABLE 76 MERCHANT: HYDROGEN GENERATION MARKET, BY REGION,
2020–2025 (USD MILLION) 125
11.3.2 BY DELIVERY MODE 125
11.3.2.1 Refineries and petrochemical facilities are expected to boost the demand for hydrogen 125
TABLE 77 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY DELIVERY MODE, 2016–2019 (THOUSAND METRIC TONNES) 125
TABLE 78 MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE,
2020–2025 (THOUSAND METRIC TONNES) 126
TABLE 79 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY DELIVERY MODE, 2016–2019 (USD MILLION) 126
TABLE 80 MERCHANT: HYDROGEN GENERATION MARKET, BY DELIVERY MODE,
2020–2025 (USD MILLION) 126
11.3.3 BY STATE 127
11.3.3.1 Gaseous hydrogen has a higher demand than liquid hydrogen 127
TABLE 81 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY STATE,
2016–2019 (THOUSAND METRIC TONNES) 127
TABLE 82 MERCHANT: HYDROGEN GENERATION MARKET SIZE, BY STATE,
2020–2025 (THOUSAND METRIC TONNES) 127
TABLE 83 MERCHANT: GAS HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (USD MILLION) 127
TABLE 84 MERCHANT: GAS HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 128
TABLE 85 MERCHANT: LIQUID HYDROGEN GENERATION MARKET SIZE, BY REGION, 2016–2019 (THOUSAND METRIC TONNES) 128
TABLE 86 MERCHANT: LIQUID HYDROGEN GENERATION MARKET SIZE, BY REGION, 2020–2025 (THOUSAND METRIC TONNES) 128

12 HYDROGEN GENERATION MARKET, BY REGION 129
12.1 INTRODUCTION 130
FIGURE 37 HYDROGEN GENERATION MARKET IS EXPECTED TO EXHIBIT HIGHEST GROWTH RATE IN ASIA PACIFIC DURING FORECAST PERIOD 130
TABLE 87 GLOBAL HYDROGEN GENERATION MARKET SIZE, BY REGION,
2016–2019 (THOUSAND METRIC TONNES) 131
TABLE 88 HYDROGEN GENERATION MARKET, BY REGION,
2020–2025 (THOUSAND METRIC TONNES) 131
TABLE 89 GLOBAL HYDROGEN GENERATION MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 131
TABLE 90 GLOBAL HYDROGEN GENERATION MARKET, BY REGION,
2020–2025 (USD MILLION) 132
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12.2 ASIA PACIFIC 132
FIGURE 38 ASIA PACIFIC HYDROGEN GENERATION MARKET: REGIONAL SNAPSHOT 133
12.2.1 BY GENERATION MODE 133
TABLE 91 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (THOUSAND METRIC TONNES) 133
TABLE 92 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2025 (THOUSAND METRIC TONNES) 134
TABLE 93 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2016–2019 (USD MILLION) 134
TABLE 94 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY GENERATION MODE, 2020–2025 (USD MILLION) 134
12.2.2 BY APPLICATION 135
TABLE 95 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (THOUSAND METRIC TONNES) 135
TABLE 96 ASIA PACIFIC HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2020–2025 (THOUSAND METRIC TONNES) 135
TABLE 97 HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 135
TABLE 98 ASIA PACIFIC HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 136
12.2.3 BY COUNTRY 136
TABLE 99 ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE, BY COUNTRY,
2016–2019 (THOUSAND METRIC TONNES) 136
TABLE 100 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY,
2020–2025 (THOUSAND METRIC TONNES) 136
TABLE 101 ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 137
TABLE 102 ASIA PACIFIC: HYDROGEN GENERATION MARKET, BY COUNTRY,
2020–2025 (USD MILLION) 137
12.2.3.1 Japan 137
12.2.3.1.1 Increasing demand for hydrogen fuel cell-based vehicles and support infrastructure such as hydrogen filling stations are driving the market in Japan market 137
TABLE 103 JAPAN: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (THOUSAND METRIC TONNES) 138
TABLE 104 JAPAN: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (THOUSAND METRIC TONNES) 138
TABLE 105 JAPAN: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 139
TABLE 106 JAPAN: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 139
12.2.3.2 China 139
12.2.3.2.1 Increased demand from refineries and fuel cell vehicles is expected to propel market growth in China 139
TABLE 107 CHINA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (THOUSAND METRIC TONNES) 140
TABLE 108 CHINA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (THOUSAND METRIC TONNES) 140
TABLE 109 CHINA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 141
TABLE 110 CHINA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 141
12.2.3.3 India 141
12.2.3.3.1 Increasing dependence on fossil fuels and growing consumption of ammonia drive the hydrogen generation market in India 141
TABLE 111 INDIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (THOUSAND METRIC TONNES) 142
TABLE 112 INDIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (THOUSAND METRIC TONNES) 142
TABLE 113 INDIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 143
TABLE 114 INDIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION,
2020–2025 (USD MILLION) 143
12.2.3.4 Australia 143
12.2.3.4.1 Increase in demand for low-carbon green hydrogen is driving the market growth 143
TABLE 115 AUSTRALIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2016–2019 (THOUSAND METRIC TONNES) 144
TABLE 116 AUSTRALIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2020–2025 (THOUSAND METRIC TONNES) 144
TABLE 117 AUSTRALIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 145
TABLE 118 AUSTRALIA: HYDROGEN GENERATION MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION) 145
12.2.3.5 Rest of Asia Pacific 145
12.2.3.5.1 Stringent regulations for cleaner refinery operations drive the hydrogen generation market 145
TABLE 119 REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE,
BY APPLICATION, 2016–2019 (THOUSAND METRIC TONNES) 146
TABLE 120 REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE,
BY APPLICATION, 2020–2025 (THOUSAND METRIC TONNES) 146
TABLE 121 REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE,
BY APPLICATION, 2016–2019 (USD MILLION) 147
TABLE 122 REST OF ASIA PACIFIC: HYDROGEN GENERATION MARKET SIZE,
BY APPLICATION, 2020–2025 (USD MILLION) 147