The global hydrogen generation market is expected to see significant growth, reaching USD 317.39 billion by 2030, with a projected CAGR of 9.3% between 2024 and 2030. This growth is attributed to robust demand for cleaner fuel, the construction of energy-saving hydrogen stations, and the desulfurization of petroleum products. Stakeholders are focusing on distributed power and utility projects, with an emphasis on sustainability solutions in power generation and transportation. The report highlights the prominence of steam methane reforming as an economical method for hydrogen generation, with high conversion efficiency contributing to market growth. Ammonia production and natural gas sources play vital roles in driving revenue, with the trend towards renewable hydrogen technologies and the use of ammonia as a carbon-free fuel further boosting growth. The outlook for hydrogen generation market includes notable growth in the merchant generation segment, particularly fueled by a significant natural gas pipeline network in countries like the U.S., Russia, and Canada. Investors see hydrogen as a promising avenue to adhere to federal and environmental regulations while meeting energy demands. The trend towards smart residential and commercial buildings is expected to drive the adoption of hydrogen for energy generation, supported by increasing demand for low-carbon and sustainable energy solutions.