Global hydrogen generation market to reach $262 billion by 2031, research finds
In Delaware, Allied Analytics reported that the hydrogen generation market was valued at $136.3 billion in 2021 and is projected to reach $262 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031.
“Rising demand for clean energy, expanding hydrogen infrastructure, increasing industrial applications, and supportive government policies are creating favorable conditions for long-term market expansion. As hydrogen becomes an essential component of future energy systems, investments in production technologies, storage solutions, and transportation infrastructure continue to reshape the global energy landscape,” the report stated.
The report noted that the U.S. hydrogen generation market continues expanding through significant investments in green hydrogen projects, hydrogen hubs, renewable energy integration, and industrial decarbonization initiatives. “Federal funding programs and private sector investments are accelerating development of large-scale hydrogen production facilities across the country. Increasing demand from transportation, manufacturing, and utility sectors is expected to strengthen the market while supporting long-term clean energy objectives.”
Category: Hydrogen
