Middle East and Africa Hydrogen Generation Market Research Report, 2030
- Actual Market Research
- 11-01-2025
- Pages : 84
- Figures : 12
- Tables : 24
- Region : MEA
- Category : Energy & Utility
- Alternative & Renewables
The Middle East and Africa hydrogen generation market is expected to grow at a CAGR of over 7.14% from 2025 to 2030, driven by the region’s efforts to diversify its energy mix and
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Hydrogen Generation Market Analysis
The Middle East Asia (MEA) Hydrogen Generation Market has experienced significant expansion in recent decades, driven by the area's abundant energy resources and the worldwide demand for cleaner energy. Historically, the MEA has been a significant contributor to the fossil fuel sector, particularly in oil and natural gas extraction, and has typically depended on hydrogen generation from natural gas via steam methane reforming (SMR). Nonetheless, recent moves towards cleaner energy options and the growing emphasis on sustainability have prompted the region to invest significantly in hydrogen as a component of its long-term diversification and energy transition plans. The hydrogen production market in MEA is propelled by the area's requirement to reduce carbon emissions in sectors like petroleum refining, ammonia manufacturing, and chemicals. Numerous nations in the region are seeking to cultivate hydrogen as a vital export product to satisfy increasing worldwide demand for cleaner energy sources. Nations like Saudi Arabia, the United Arab Emirates (UAE), Oman, and Qatar are making substantial investments in green hydrogen production by harnessing renewable energy sources, including solar and wind energy, to generate hydrogen through electrolysis. The long-standing dependence on blue hydrogen, derived from natural gas with carbon capture and storage (CCS), remains important, but the area is swiftly enhancing its potential in green hydrogen. This shift is backed by government programs, including Saudi Arabia's Vision 2030 and the UAE’s Energy Strategy 2050, aimed at sustainable energy advancement. MEA's extensive hydrogen production centers, especially in the Gulf Cooperation Council (GCC) nations, are prepared to leverage the worldwide hydrogen market by accessing both local and foreign markets. Investments in technology, infrastructure, and policy development are enhancing the region’s position as a significant hydrogen producer and exporter. With its increasing ability to produce hydrogen. According to the research report, "Middle East Asia hydrogen generation Market Research Report, 2030," published by Actual Market Research, the Middle East Asia hydrogen generation market is anticipated to grow at more than 7.14% CAGR from 2025 to 2030. The Hydrogen Generation market in the Middle East Asia (MEA) offers considerable prospects owing to the area's abundant natural resources, increasing need for clean energy, and bold sustainability objectives. The market is anticipated to expand as nations in MEA prioritize decreasing their reliance on fossil fuels and shift toward hydrogen as a cleaner option. The area’s plentiful solar and wind energy capabilities render it an excellent site for green hydrogen production, which can significantly contribute to the worldwide energy transition. The history of hydrogen production in MEA began in the 20th century, highlighted by its initial application in industries like refining and ammonia synthesis. Nonetheless, recent progress in electrolyze technology and the growing demand for decarbonization have redirected attention towards clean and renewable hydrogen sources. Prominent countries such as Saudi Arabia, the UAE, and Oman have started to invest significantly in hydrogen infrastructure to spearhead the green hydrogen initiative. Promotion and marketing approaches for hydrogen production in the MEA region focus on establishing hydrogen as a crucial facilitator of energy security and ecological sustainability. Governments, in collaboration with private businesses, are advocating for measures to encourage the use of hydrogen as a substitute fuel. Collaborations with worldwide energy companies, involvement in global conferences, and regional trade shows contribute to increasing understanding of the economic, environmental, and strategic benefits of hydrogen. Marketing initiatives frequently emphasize the dual advantages of hydrogen production: its ability to offer a sustainable energy solution while simultaneously fostering job creation and technological advancement. Collaboration between the public and private sectors is crucial for advancing the hydrogen ecosystem, as incentives, funding initiatives, and sustained policy support are essential for promoting market expansion and appeal.
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Market Drivers • Plentiful Renewable Energy Assets :The Middle East Asia possess abundant renewable energy assets, especially solar and wind. Nations such as Saudi Arabia, the UAE, and Morocco utilize their geographical benefits to generate affordable green hydrogen. These renewable resources render hydrogen production sustainable, in line with worldwide decarbonization objectives. Governments and private investors are channeling funds into extensive renewable energy initiatives, transforming the area into a worldwide center for hydrogen exports. • Support from Government and Goals for Decarbonization :Numerous MEA nations have pledged to reach net-zero emissions and broaden their economic activities. National plans, including Saudi Arabia's Vision 2030 and the UAE's Hydrogen Leadership Roadmap, highlight hydrogen's importance in the energy transition. These policies encompass financial incentives, infrastructure enhancement, and global partnerships, fueling the market's expansion. Market Challenges • Significant Upfront Investment Expenses :Setting up hydrogen production plants, which entails electrolyzes and systems for storage and transport, demands significant investment. The economic strain is a major obstacle for numerous countries, especially in Africa, where the economies are underdeveloped. Additionally, the expense of generating green hydrogen is still greater than that of conventional fuels. • Inadequate Infrastructure :The area encounters difficulties in establishing a strong hydrogen value chain, involving storage, transport, and distribution systems. Current infrastructure is mainly built for oil and gas, and modifying or creating new systems for hydrogen is intricate and expensive. Moreover, a shortage of skilled workers and technical knowledge further hinders progress. Market Trends • Hydrogen Projects Targeting Exports :MEA nations aspire to be worldwide frontrunners in hydrogen exports. For example, Saudi Arabia's NEOM initiative aims to generate green hydrogen for global markets, especially in Europe and Asia. This phenomenon is fueled by the area's capability to generate hydrogen at competitive prices. • Incorporation of Hydrogen within Industrial Clusters:The use of hydrogen in industries like petrochemicals, steel manufacturing, and transportation is increasing. MEA nations are incorporating hydrogen into their industrial systems to reduce emissions in high-polluting sectors. This trend is backed by collaborations with international entities and progress in hydrogen storage and fuel cell technologies.
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Hydrogen Generation Segmentation
| MEA | United Arab Emirates |
| Saudi Arabia | |
| South Africa |
Pure Hydrogen (H?) dominates and expands rapidly in the MEA hydrogen generation sector owing to its significant demand in refining, ammonia manufacturing, and developing green hydrogen initiatives aimed at industrial and export applications. The MEA area is ideally placed to meet worldwide hydrogen requirements, as Pure H? plays a key role in refining and chemical operations. Historically, the oil and gas sector in the region has fueled the demand for hydrogen, especially for desulfurization in refineries and ammonia manufacturing for fertilizers. This established foundation has given Pure H? a considerable advantage. The growth path is further hastened by the emergence of green hydrogen, wherein Pure H? is generated using renewable energy sources such as solar and wind. Nations like Saudi Arabia and the UAE have invested in advanced electrolysis technologies for green hydrogen production, in line with international decarbonization objectives and utilizing their plentiful renewable energy resources. Large-scale initiatives such as Saudi Arabia's NEOM and the UAE's Hydrogen Leadership Roadmap highlight the emphasis on Pure H? for local and international markets. Additionally, Pure H? is extremely adaptable and crucial for industrial decarbonization, such as in steel manufacturing, petrochemicals, and heavy transport. Its uses in green ammonia and synthetic fuels also create opportunities for international trade, particularly to regions that import hydrogen, such as Europe and Asia. The progress in technology and falling prices of hydrogen production, especially via electrolysis, render Pure H? more competitive. The alignment of existing demand, government-supported programs, and global partnerships places Pure H? at the forefront of the MEA hydrogen market, offering unmatched opportunities for expansion and incorporation into worldwide energy systems. Hydrogen consumption in the MEA market is mainly driven by petroleum refineries, as hydrogen is vital for desulfurization and hydrocracking processes that are crucial for adhering to stringent international fuel quality standards. Hydrogen is crucial in petroleum refining, especially for generating low-sulfur fuels such as ultra-low sulfur diesel (ULSD) and gasoline. The Middle East, a worldwide center for crude oil production, houses many large refineries that greatly depend on hydrogen for their operations. As global rules regarding sulfur levels in fuels tighten, the need for hydrogen in refineries is increasingly growing. Furthermore, the MEA area boasts some of the largest and most advanced refining facilities globally, including those found in Saudi Arabia, the UAE, and Kuwait. These facilities incorporate hydrogen generation systems to assist refining activities, guaranteeing adherence to environmental regulations while optimizing effectiveness. Hydrogen is utilized in hydrocracking, a process that transforms heavier hydrocarbons into lighter, more valuable products such as diesel and kerosene. The growing need for these refined products, both domestically and for overseas markets, maintains hydrogen's leading position in the refining industry. State-driven modernization initiatives and investments in refinery enhancements additionally support hydrogen usage. These efforts seek to improve product quality and expand the range of offerings, creating a demand for increased hydrogen quantities. Additionally, the combination of hydrogen generation with renewable energy resources in green refineries indicates a transition to sustainable practices while preserving the essential function of hydrogen. As MEA countries broaden their economic bases and increase refining capabilities, petroleum refineries will continue to be the primary segment for hydrogen generation, maintaining their importance in the market's growth trends. Steam Methane Reforming (SMR) dominates the MEA hydrogen production market because of its affordability, ability to scale, and existing infrastructure that utilizes the region's plentiful natural gas supplies for hydrogen production. SMR leads in hydrogen production within the MEA region mainly due to its cost benefits. Natural gas, the main raw material for SMR, is readily accessible in MEA nations like Qatar, Saudi Arabia, and the UAE. This ample supply guarantees a consistent and affordable source, rendering SMR the most economically feasible approach for extensive hydrogen production. The process's comparatively low capital and operating costs, in relation to other methods such as electrolysis, enhance its standing even more. The existing infrastructure for natural gas production and distribution in the area is compatible with SMR technology. Several MEA nations possess developed pipeline systems and natural gas processing plants, facilitating the incorporation of SMR for hydrogen production. Moreover, the scalability of the process enables hydrogen production at both small and industrial scales, addressing the varied requirements of industries such as refining, petrochemicals, and fertilizers. Although there is increasing interest in green hydrogen, steam methane reforming (SMR) continues to be prevalent due to its established technology and capacity to generate substantial hydrogen quantities to satisfy current needs. The area's emphasis on shifting to blue hydrogen, which incorporates carbon capture and storage (CCS) with SMR, guarantees that the technology stays pertinent in a decarbonizing environment. Nations such as Saudi Arabia and the UAE are investing in CCS to lower emissions from hydrogen production using SMR, boosting its sustainability. The integration of economic viability, current infrastructure, and flexibility towards cleaner hydrogen production techniques guarantees that SMR remains at the forefront of the MEA hydrogen generation sector while steadily adapting to meet international sustainability objectives. Captive hydrogen systems lead the MEA hydrogen generation market as they allow industries such as petroleum refining and ammonia production to generate hydrogen on-site, providing reliability, cost efficiency, and meeting high-volume requirements. Captive hydrogen systems are commonly utilized in the MEA area because of their effective operation and cost benefits. Sectors like petroleum refineries, petrochemicals, and fertilizers, which lead the hydrogen market in the area, need a reliable and substantial hydrogen supply. Captive systems enable these industries to generate hydrogen on-site, decreasing dependence on external providers and guaranteeing a consistent supply customized to their unique requirements. The region's plentiful supply of natural gas enhances the feasibility of captive systems. Numerous facilities incorporate Steam Methane Reforming (SMR) units, the most economical technology, directly into their processes. This integration decreases transportation expenses and related risks while making sure hydrogen production fits perfectly with industrial operations. In refineries, hydrogen is essential for desulfurization and hydrocracking, both of which require a constant supply to satisfy operational and regulatory standards. Likewise, the production of ammonia, essential for the fertilizer sector in MEA, relies significantly on hydrogen. Captive systems offer the reliability and scalability needed to handle these high-demand applications. Moreover, the MEA region's emphasis on upgrading industrial processes has resulted in investments in sophisticated captive hydrogen systems. These systems are progressively being developed to integrate carbon capture and storage (CCS) technologies, enabling industries to generate blue hydrogen and meet global decarbonization targets. This renders captive systems not just economically beneficial but also environmentally sustainable. As industries in the MEA area keep growing and updating, the need for dependable, on-site, and scalable hydrogen production systems will guarantee that captive systems stay the most significant segment in the hydrogen generation market. Natural gas serves as the primary energy source in the MEA hydrogen generation sector owing to its plentiful reserves, economic efficiency, and suitability for the prevalent Steam Methane Reforming (SMR) technique. The region of the Middle East and Africa contains some of the biggest natural gas reserves globally, with nations such as Qatar, Saudi Arabia, and Algeria at the forefront of production. The plentiful supply of natural gas guarantees a reliable and economical feedstock provision for hydrogen production, establishing it as the favored energy source in the area. Natural gas is deeply embedded in the area's energy framework, enhancing its application in hydrogen generation. Steam Methane Reforming (SMR), the most commonly used hydrogen production method, depends on natural gas as its main feedstock. The SMR process is very efficient and economical for large-scale hydrogen generation, matching the requirements of MEA’s industrial sectors such as petroleum refining, ammonia manufacturing, and petrochemicals. These industries are essential to the economy of the region and demand large amounts of hydrogen. The economic viability of hydrogen production from natural gas in the MEA is boosted by government subsidies and supportive policies across numerous nations. Furthermore, incorporating carbon capture and storage (CCS) technology into hydrogen systems powered by natural gas is leading to the creation of "blue hydrogen," which decreases carbon emissions while using the same raw materials and infrastructure. Although there is increasing interest in renewable sources for green hydrogen, natural gas still prevails because of its well-established supply chains, technological advancement, and capacity to satisfy immediate and extensive demand. Its importance is additionally emphasized by the MEA's strategic emphasis on utilizing current resources for economic development and energy safety while progressively moving towards cleaner technologies. As the MEA region manages its economic and environmental goals, natural gas is expected to continue being the primary energy source for hydrogen production in the short to mid-term.
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Hydrogen Generation Market Regional Insights
Saudi Arabia leads the MEA hydrogen generation market's growth, driven by its bold investments in green hydrogen initiatives, strategic goals for diversifying energy resources, and dedication to establishing itself as a global hydrogen center. Saudi Arabia is at the forefront of the MEA region in swiftly advancing its hydrogen generation sector, propelled by its Vision 2030 strategy that prioritizes economic diversification and environmental sustainability. The nation has revealed ambitious projects, including the NEOM Green Hydrogen Project, a $5 billion endeavor that seeks to be one of the largest green hydrogen plants globally. Fueled by renewable energy, the initiative highlights Saudi Arabia's dedication to emerging as a world leader in hydrogen production and exportation. The extensive natural resources of the Kingdom, such as plentiful sunlight and wind, offer an unmatched benefit for generating cost-effective green hydrogen. Saudi Arabia has initiated efforts in blue hydrogen production by combining carbon capture and storage (CCS) technologies with its large natural gas reserves, facilitating a more seamless shift to a low-carbon economy. Saudi Arabia's advantageous position between Europe and Asia makes it a crucial provider in the worldwide hydrogen value chain. The nation is vigorously developing global collaborations to sell hydrogen and its byproducts, like ammonia, to satisfy the increasing worldwide need for clean energy. These partnerships boost its market impact and speed up infrastructure advancement for hydrogen production, storage, and transport. Government-supported initiatives, monetary rewards, and an emphasis on tech advancements additionally strengthen the expansion of Saudi Arabia's hydrogen sector. Through the alignment of economic, environmental, and technological goals, Saudi Arabia has established a strong foundation for ongoing growth in hydrogen production. Thanks to its innovative leadership, unparalleled resources, and substantial investments, Saudi Arabia is set to emerge as the fastest-growing and most impactful contributor in the MEA hydrogen production market. Considered in this report • Geography: Middle East and Africa • Historic Year: 2019 • Base year: 2024 • Estimated year: 2025 • Forecast year: 2030 Aspects covered in this report • Hydrogen Generation Market with its value and forecast along with its segments • Region & country wise Hydrogen Generation market analysis • Application wise Hydrogen Generation distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Hydrogen Type • Pure H2 • Mix. With other gases By Applications • Methanol Production • Ammonia Production • Petroleum Refinery • Transportation • Power Generation • Others (Steel+Iron+commercial uses+semiconductors, LEDs, displays, photovoltaic segments, and other electronics etc) By Technology • SMR =steam methane reforming • Coal gasification • Others (Electrolysis, oil/refining or auto-thermal reformation ) By System Type • Captive • Merchant By Energy Source • N.GAS • COAL • Others (oil, Renewable Energy, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chemical industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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Companies Mentioned
- Engie
- Cummins Inc.
- Plug Power Inc.
- Messer Group GmbH
- Linde Plc
- Air Products and Chemicals, Inc.
- Air Liquide
- UNIPER
- IWATANI
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Hydrogen Generation Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Hydrogen Type
- 5.4. Market Size and Forecast, By Applications
- 5.5. Market Size and Forecast, By Technology
- 5.6. Market Size and Forecast, By System Type
- 5.7. Market Size and Forecast, By Energy Source
- 6. Middle East & Africa Hydrogen Generation Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Hydrogen Type
- 6.4. Market Size and Forecast, By Applications
- 6.5. Market Size and Forecast, By Technology
- 6.6. Market Size and Forecast, By System Type
- 6.7. Market Size and Forecast, By Energy Source
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. UAE Hydrogen Generation Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Applications
- 7.8.3. Market Size and Forecast By Technology
- 7.8.4. Market Size and Forecast By Energy Source
- 7.9. Saudi Arabia Hydrogen Generation Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Applications
- 7.9.3. Market Size and Forecast By Technology
- 7.9.4. Market Size and Forecast By Energy Source
- 7.10. South Africa Hydrogen Generation Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Applications
- 7.10.3. Market Size and Forecast By Technology
- 7.10.4. Market Size and Forecast By Energy Source
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Engie
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Air Liquide S.A.
- 8.5.3. Linde Plc
- 8.5.4. Air Products and Chemicals, Inc.
- 8.5.5. Shell plc
- 8.5.6. Saudi Arabian Oil Company
- 8.5.7. Iwatani Corporation
- 8.5.8. Siemens Energy AG
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Hydrogen Generation Market Size and Forecast, By Hydrogen Type (2019 to 2030F) (In USD Billion)
Table 6: Global Hydrogen Generation Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 7: Global Hydrogen Generation Market Size and Forecast, By Technology (2019 to 2030F) (In USD Billion)
Table 8: Global Hydrogen Generation Market Size and Forecast, By System Type (2019 to 2030F) (In USD Billion)
Table 9: Global Hydrogen Generation Market Size and Forecast, By Energy Source (2019 to 2030F) (In USD Billion)
Table 10: Middle East & Africa Hydrogen Generation Market Size and Forecast, By Hydrogen Type (2019 to 2030F) (In USD Billion)
Table 11: Middle East & Africa Hydrogen Generation Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 12: Middle East & Africa Hydrogen Generation Market Size and Forecast, By Technology (2019 to 2030F) (In USD Billion)
Table 13: Middle East & Africa Hydrogen Generation Market Size and Forecast, By System Type (2019 to 2030F) (In USD Billion)
Table 14: Middle East & Africa Hydrogen Generation Market Size and Forecast, By Energy Source (2019 to 2030F) (In USD Billion)
Table 15: Influencing Factors for Hydrogen Generation Market, 2024
Table 16: United Arab Emirates Hydrogen Generation Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 17: United Arab Emirates Hydrogen Generation Market Size and Forecast By Technology (2019 to 2030F) (In USD Billion)
Table 18: United Arab Emirates Hydrogen Generation Market Size and Forecast By Energy Source (2019 to 2030F) (In USD Billion)
Table 19: Saudi Arabia Hydrogen Generation Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 20: Saudi Arabia Hydrogen Generation Market Size and Forecast By Technology (2019 to 2030F) (In USD Billion)
Table 21: Saudi Arabia Hydrogen Generation Market Size and Forecast By Energy Source (2019 to 2030F) (In USD Billion)
Table 22: South Africa Hydrogen Generation Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 23: South Africa Hydrogen Generation Market Size and Forecast By Technology (2019 to 2030F) (In USD Billion)
Table 24: South Africa Hydrogen Generation Market Size and Forecast By Energy Source (2019 to 2030F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Hydrogen Generation Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Hydrogen Generation Market Share By Region (2024)
Figure 6: Middle East & Africa Hydrogen Generation Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: Middle East & Africa Hydrogen Generation Market Share By Country (2024)
Figure 8: UAE Hydrogen Generation Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Saudi Arabia Hydrogen Generation Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: South Africa Hydrogen Generation Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2024
Figure 12: Porter's Five Forces of Global Hydrogen Generation Market
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