The global hydrogen generation market is anticipated to grow significantly, with a projected CAGR of 6.8% from 2022 to 2031, as highlighted in a report by Allied Market Research. Factors such as the rise in demand from chemical industries and the adoption of hydrogen cell powered electric vehicles are key drivers for this growth. The market, valued at $136.3 billion in 2021, is estimated to reach $262.0 billion by 2031. Hydrogen production methods predominantly involve fossil fuels, contributing to around 95% of current hydrogen production. However, there is a growing shift towards green hydrogen production through electrolysis, which splits water into hydrogen and oxygen without carbon emissions. The Asia-Pacific region holds the largest market share in hydrogen generation, followed by North America and Europe. The market is supported by an increase in governmental regulations focused on desulphurization of petroleum products and a shift towards cleaner energy sources. Despite initial setbacks due to the COVID-19 pandemic, including reduced demand and supply chain disruptions, the hydrogen generation market is recovering as lockdown restrictions ease. Governments worldwide are driving the demand for hydrogen in industrial applications, pushing the market forward. With a focus on decarbonization and the development of green hydrogen, countries like the European Union are implementing policies to support the growth of sustainable hydrogen production. As the world aims to reduce CO2 emissions, hydrogen is expected to play a crucial role in achieving global climate goals. Overall, the hydrogen generation market is poised for substantial growth driven by various factors including rising demand, regulatory support, and a shift towards sustainable energy sources.