Hydrogen Generation Market Expands in Power-to-Gas Infrastructure
The global hydrogen generation market was valued at USD 186.58 billion in 2024 and is projected to grow to USD 317.39 billion by 2030, representing a CAGR of 9.2% during 2025–2030. Growth is largely driven by increasing demand for cleaner fuels and stricter governmental regulations for desulphurization of petroleum products. Key Market Trends & Insights The Asia Pacific region dominated the market in 2024, accounting for over 35.34% of global revenue. China led the Asia Pacific regional market in 2024 in terms of revenue. By system type, the captive generation segment held about 64.47% of revenues in 2024. By application, the ammonia production segment led with a revenue share above 23.56% in 2024. Among technologies, coal gasification accounted for more than 29.0% of revenue in 2024. Market Size & Forecast 2024 market size: USD 186.58 billion. 2030 projected market size: USD 317.39 billion. Forecasted CAGR (2025-2030): 9.2%. Asia Pacific led in 2024, with strong c...