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Hydrogen Generation

Hydrogen generation has been embraced recently as an affordable and clean solution for decarbonizing transportation, and the overall hydrogen generation market has been projected to grow at a CAGR of 10.41% during the forecast periofd.   Market growth shifts from 5.7% in 2023 to 19.5% in 2030 as more hydrogen is used for renewable energy generation.  In 2023, hydrogen is used mostly in fertilizer as a way to make ammonia, which continues to be significant, but the market grows as energy generation shifts away from pollution from burning to more manageable nonpolluting energy generation.  

Hydrogen Generation Market Forecasts

Excluding Sales Tax |
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