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Hydrogen Generation Market to grow by USD 49.7 Billion from 2024-2028, driven by fertilizer demand and AI-driven market transformation – Technavio

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NEW YORK, Dec. 5, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global hydrogen generation market  size is estimated to grow by USD 49.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 5.52%  during the forecast period. Growing demand for fertilizers is driving market growth, with a trend towards reduction in fuel cell prices. However, changes in government policies and regulations  poses a challenge. Key market players include Air Liquide SA, Air Products and Chemicals Inc., Claind Srl, Cummins Inc., FuelCell Energy Inc., Green Hydrogen Systems, Hiringa Energy Ltd., Hyster Yale Materials Handling Inc., ITM Power PLC, Iwatani Corp., Linde Plc, Mahler AGS GmbH, McPhy Energy SA, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Nel ASA, Parker Hannifin Corp., Resonac Holdings Corp., Teledyne Technologies Inc., and Xebec Adsorption Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Delivery Mode (Merchant and Captive), Application (Chemical industry, Refinery industry, Metal processing industry, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

Region Covered

APAC, Europe, North America, Middle East and Africa, and South America

Key companies profiled

Air Liquide SA, Air Products and Chemicals Inc., Claind Srl, Cummins Inc., FuelCell Energy Inc., Green Hydrogen Systems, Hiringa Energy Ltd., Hyster Yale Materials Handling Inc., ITM Power PLC, Iwatani Corp., Linde Plc, Mahler AGS GmbH, McPhy Energy SA, Messer SE and Co. KGaA, Mitsubishi Chemical Group Corp., Nel ASA, Parker Hannifin Corp., Resonac Holdings Corp., Teledyne Technologies Inc., and Xebec Adsorption Inc.

Key Market Trends Fueling Growth

The Hydrogen Generation Market is experiencing significant growth due to increasing focus on reducing Greenhouse Gas (GHG) emissions, particularly Carbon Dioxide (CO2) from Electricity production and Heavy Industry. Infrared radiation technology is a trending solution for GHG reduction in hydrogen production. Prominent companies like Air Liquide are leading the way with Coal Gasification and Electrolysis. The Biorefinery sector is also adopting hydrogen for Ammonia and Methanol production. Despite inflation, the Industrial sector’s energy consumption drives the market. Green Hydrogen Policy initiatives are boosting demand. Technological advancements in renewable sources like wind and solar power are making hydrogen production cost-effective. Key players like Air Liquide, Siemens Energy, and Linde are making contracts and acquisitions to expand their market share. Hydrogen energy storage and heat production are gaining traction. Vendor analysis reveals that renewable energy sources are replacing fossil fuels in hydrogen production. Renewable hydrogen is set to replace hydrodesulphurization, hydroCracking, reforming, and petroleum in refineries. The shift to netzero emissions is driving the adoption of hydrogen in refineries, oil refining, and fuel cell applications. Pilot projects like SoHyCal in Fresno, California, and Hygenco Green hydrogen stations are paving the way for a hydrogen-powered future. Accurate market research, including qualitative and quantitative, is essential for businesses to stay informed about this dynamic market. The market’s future depends on continued technological advancements, renewable sources, and government policies. 

The cost reduction in fuel cell technology, primarily due to decreased platinum loading on anodes, larger bipolar plate formation and welding costs, and modified gas diffusion layers, as reported by Original Equipment Manufacturers (OEMs), has led to a decline in the production costs of fuel cell systems. This cost decrease is anticipated to boost the adoption of fuel cells in various sectors, increasing the demand for hydrogen gas and consequently driving the growth of the global hydrogen generation market. 

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Market Challenges

•         The Hydrogen Generation Market is experiencing significant growth due to increasing demand for clean energy and decarbonization efforts. However, challenges persist, such as high GHG emissions from traditional production methods using fossil fuels like coal gasification and petroleum refining. Infrared radiation and greenhouse gas emissions contribute to air pollution, making renewable sources like electrolysis a more attractive option. Heavy industry and long-distance transport sectors are major consumers, driving demand for hydrogen in power generation and heat production. Prominent companies like Air Liquide are leading the way with green hydrogen production through electrolysis using renewable energy. Electricity production from biorefineries and hydrogen energy storage are technological advancements reducing reliance on fossil fuels. However, inflation and energy consumption concerns may impact market growth. Vendor analysis, contracts, and acquisitions are crucial for accurate market research. Renewable hydrogen production from sources like wind and solar power is becoming more common, reducing the carbon footprint and moving towards net-zero emissions. Pilot projects, such as SoHyCal in Fresno, California, and Hygenco Green’s hydrogen stations, showcase the potential of hydrogenpowered vehicles and fuel cells. The industrial sector, including refineries, is adopting hydrogen for processes like hydrodesulphurization, hydroCracking, reforming, and ammonia and methanol production. Despite challenges, the market remains qualitative and quantitative, with renewable energy as a key driver.

•         The hydrogen and fuel cell industry is currently in a development stage, with no industry-specific regulations in place for hydrogen infrastructure products and fuel cell systems in Canada, the EU, the US, and other jurisdictions, except for electricity production. New technologies are emerging for hydrogen’s use in storing renewable electricity. As of now, there are no regulations for fuel cell vehicles. However, with anticipated market growth, the hydrogen generation market may face government regulations in its operating markets.

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Segment Overview 

This hydrogen generation market report extensively covers market segmentation by

Delivery Mode1.1 Merchant1.2 CaptiveApplication 2.1 Chemical industry2.2 Refinery industry2.3 Metal processing industry2.4 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Merchant-  The merchant delivery mode in the hydrogen generation market involves supplying hydrogen from production facilities to customer sites through tankers or storage containers. Contract agreements for this service last between three to seven years, making it suitable for customers with fluctuating demand or insufficient volume for captive production. Hydrogen can be transported over long distances at a lower cost due to the merchant delivery mode. The hydrogen is transferred from holding tanks into double-skinned tankers with capacities ranging from 10-20 metric tons. The operating pressure of these insulated tankers varies depending on the type of gas being transported. The growing demand for small quantities of hydrogen and the cost-effective nature of merchant delivery are expected to fuel the market’s growth in the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Hydrogen Generation Market is witnessing significant growth due to the increasing focus on reducing Greenhouse Gas (GHG) emissions, particularly Carbon Dioxide (CO2), in various sectors. Hydrogen produced from renewable sources, such as wind and solar, is gaining popularity as it emits only water vapor during combustion. The market is driven by the need for cleaner electricity production, heavy industry, long-distance transport, and the shift towards net-zero emissions. Technological advancements in hydrogen production through electrolysis, biorefinery, coal gasification, and petroleum refining processes like hydrodesulphurization, hydroCracking, reforming, and petroleum refining are key factors driving market growth. However, inflation and energy consumption are challenges that need to be addressed. The industrial sector, particularly oil refining, is a prominent consumer of hydrogen, but the market is also expanding to other sectors due to government policies promoting Green Hydrogen. Air pollution from fossil fuels and crude oil quality concerns are also driving demand for hydrogen as a cleaner alternative.

Market Research Overview

The Hydrogen Generation Market is experiencing significant growth due to the increasing demand for clean energy and the need to reduce Greenhouse Gas (GHG) emissions, particularly in sectors such as heavy industry, long-distance transport, and power generation. Hydrogen can be produced through various methods, including electrolysis using renewable energy sources and coal gasification with Carbon Capture, Utilization, and Storage (CCUS) technology. Infrared radiation is used in some hydrogen production processes to improve efficiency. Electricity production from fossil fuels contributes to GHG emissions, making hydrogen an attractive alternative. Biorefineries are also exploring hydrogen production as a byproduct of their processes. The market is influenced by inflation, energy consumption trends, and government policies promoting Green Hydrogen. Technological advancements in hydrogen production through electrolysis, hydro desulphurization, hydroCracking, reforming, and petroleum refining are driving market growth. Renowned publishers provide qualitative and quantitative research on this market, including vendor analysis, contracts, acquisitions, and hydrogen energy storage. Renewable hydrogen is gaining popularity due to its net-zero emissions, and pilot projects like the SoHyCal facility in Fresno, California, and Hygenco Green’s hydrogen stations are leading the way. The industrial sector, including ammonia and methanol production, is also adopting hydrogen to reduce its carbon footprint. Despite these advancements, challenges such as crude oil quality and refinery projects’ carbon footprint remain.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Delivery ModeMerchantCaptiveApplicationChemical IndustryRefinery IndustryMetal Processing IndustryOthersGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TS Imagine Expands Integration with Trumid’s Fixed-Income Trading Platform

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Adds Access to Trumid RFQ Automation
and Trumid Full Self Trading (FST™)

NEW YORK, July 23, 2026 /PRNewswire/ — TS Imagine, a leading global cross-asset provider of trading, portfolio, risk management and prime brokerage solutions, announced an expanded workflow integration with Trumid, a financial technology company and leading fixed income electronic trading platform.

The enhanced integration provides TS Imagine clients with broader access to Trumid’s electronic trading ecosystem, including its list-based workflows—Trumid RFQ and Portfolio Trading (PT)—while expanding RFQ automation and cross-protocol capabilities. Clients can now access:

Trumid’s RFQ network, enabling automated workflows through RFQ Auto-Submit via Trumid AutoPilot™ for RFQ, along with API-driven executionHeadless RFQ responder, initiator, and voice inquiry workflows Trumid Full Self Trading (FST™), Trumid’s automated cross-protocol execution capability connecting liquidity and execution opportunities across Trumid RFQ and Swarms, with expansion to Trumid Attributed Trading (firm dealer streams) planned for H2 2026. 

TS Imagine first integrated with Trumid in 2020, including support for Trumid’s Fair Value Model Price (FVMP™) predictive pricing model for corporate bonds.

Alexis Sainte Marie, Fixed Income Product, TS Imagine, said:

“Our expanded relationship with Trumid is an important step for TS Imagine clients seeking greater access to liquidity and workflow automation. We’ve particularly seen significant growth in areas like portfolio trading and RFQ and will continue to work closely with the Trumid team to enhance trading opportunities for our customers.”

Jason Quinn, Chief Product Officer & Global Head of Sales at Trumid, said: 

“Our mutual clients continue to benefit from the integration with TS Imagine, particularly as adoption of Trumid’s list-based workflows continues to accelerate. As clients increasingly engage across multiple Trumid trading protocols, we see additional opportunities to expand our relationship and deliver even greater value for our mutual clients.”

Trumid’s list protocols continued to deliver strong growth during Q2 2026. Trumid RFQ Average Daily Volume (ADV) increased 122% year-over-year, while automated trade volumes executed through Trumid AutoPilot™ for RFQ more than doubled. Trumid PT volume rose approximately 40% year-over-year, with the protocol recording its highest quarterly ADV alongside all-time highs in buy-side participation and lists traded. 

About TS Imagine 

TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, prime brokerage, and financial risk management. Our global team of technologists continuously develops software and deploys new technologies that empower financial institutions to outperform markets and manage risk in real time. Many of the world’s leading financial institutions trust TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities and fixed income, cutting complexity and driving efficiencies.

About Trumid

Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.

MEDIA CONTACTS

Greentarget for TS Imagine
tsimagine@greentarget.co.uk

Trumid Press
+1 (212) 618-0300
press@trumid.com

View original content:https://www.prnewswire.com/news-releases/ts-imagine-expands-integration-with-trumids-fixed-income-trading-platform-302832754.html

SOURCE Trumid

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Passage Preparation Wins 2026 CODiE Award for Best Professional Learning Platform

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CHARLOTTESVILLE, Va., July 23, 2026 /PRNewswire/ — Passage Preparation™, a division of K12 Coalition, has been named a 2026 CODiE Award Winner in the category Best Professional Learning Platform.

The CODiE Awards recognize the most innovative products, platforms and services across technology and education. Winners are selected through a rigorous evaluation process led by independent industry experts who assess each solution based on innovation, functionality, market impact, and overall value.

Selected from 228 finalists across 75 categories, the 2026 CODiE Award winners represent the solutions setting new standards for excellence and innovation.

“We are honored to receive this recognition from the CODiE Awards,” said Nathan Estel, Managing Director of Passage Preparation. “This award reflects our team’s commitment to helping aspiring educators build the knowledge, confidence, and instructional expertise they need to succeed on their licensure exams. We remain dedicated to strengthening the educator pipeline through innovative learning experiences that prepare great teachers for the classroom.”

As schools across the country face persistent teacher shortages, Passage Preparation is helping accelerate the path from aspiring educator to licensed classroom teacher. The platform provides comprehensive licensure exam preparation tailored to state certification requirements and subject areas, ensuring candidates focus on the content most relevant to their certification pathway. Developed by experienced teachers and teacher educators, every course is aligned with both licensure standards and evidence-based instructional practices, equipping candidates with the skills they need to succeed on certification exams and in the classroom.

Unlike traditional test-preparation programs that emphasize memorization and test-taking strategies, Passage Preparation builds lasting content knowledge and teaching proficiency through engaging, interactive learning experiences. Candidates benefit from diagnostic assessments that identify strengths and areas for improvement, detailed progress reporting, practice assessments, and personalized study plans. Flexible self-paced learning is complemented by live virtual cohorts that provide instructor guidance, peer collaboration, and accountability, creating a supportive professional learning community for busy educators.

Designed with accessibility and flexibility in mind, Passage Preparation includes tools such as Immersive Reader, offering real-time translation in more than 100 languages, text-to-speech functionality, customizable display settings, and other features that support diverse learning needs. The platform has consistently helped improve certification exam pass rates, enabling many candidates to earn licensure on their first attempt, saving valuable time and costs. By preparing more educators to enter the profession successfully, Passage Preparation helps districts fill critical teaching positions faster and strengthens the educator workforce nationwide.

“The 2026 CODiE Award winners represent some of the most innovative and impactful solutions in the industry,” said Jennifer Baranowski, President of the CODiE Awards. “These organizations are solving meaningful challenges, delivering measurable outcomes, and helping shape the future of technology.”

A complete list of 2026 CODiE Award winners is available at https://codieawards.com/winners.

About K12 Coalition 

K12 Coalition is a collective of specialized education products and services with a common mission to provide a great education for every student in every classroom every day. The company offers deep expertise in solving five macro K-12 education challenges: teacher certification, professional learning, literacy and math curriculum, accelerated student learning through summer school, and district support, including strategic planning and consulting. Learn more at k12coalition.com.

About Passage Preparation

Passage Preparation specializes in providing comprehensive licensure assessment preparation resources designed to bolster teacher confidence and proficiency. These learning resources equip licensure candidates with the knowledge necessary for success on exams and instill in them best teaching practices using methodologies thoughtfully curated to be engaging and aligned precisely with the content covered on the licensure exams. Passage Preparation is part of K12 Coalition, a certified B Corporation helping schools and teachers thrive nationwide.

Media Contact:
Alex Fairchild
K12Coalition@finnpartners.com 

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SOURCE K12 Coalition

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Knox Systems Partners with Microsoft to Accelerate Secure Government Access to Commercial Innovation on Microsoft Azure

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Strategic collaboration helps software companies bring cutting-edge commercial technology to the U.S. Government faster through Microsoft Azure Government Cloud

NEW YORK and WASHINGTON, July 23, 2026 /PRNewswire/ — Knox Systems (Knox), the largest, longest-running federal managed cloud, today announced a collaboration with Microsoft to help commercial software companies deploy secure, mission-ready solutions on Microsoft Azure Government Cloud for U.S. Government customers.

As demand for modern AI, cybersecurity, data, and enterprise software continues to grow across the public sector, the partnership is designed to reduce the barriers that have historically prevented government agencies from accessing the same technologies already transforming the commercial market.

Knox enables software providers to achieve production-ready federal cloud environments in as little as 90 days through its pre-authorized Federal Managed Cloud. By inheriting a substantial portion of required security controls, companies can reduce the time, effort, cost, and compliance burden associated with deploying compliant government cloud solutions. Combined with Microsoft Azure’s trusted government cloud platform, the collaboration provides an accelerated path for innovative software companies seeking to serve federal civilian and defense customers.

“America’s greatest technology companies shouldn’t spend years navigating compliance before they can help solve government missions,” said Irina Denisenko, CEO of Knox Systems. “Microsoft has built one of the world’s most trusted cloud platforms for government. Knox removes the operational barriers that can keep innovative software companies from deploying secure, compliant solutions on Azure Government. Together, we’re making it dramatically faster for agencies to access the technologies they need, securely, compliantly, and at mission speed.”

The collaboration strengthens Microsoft’s ecosystem for independent software vendors (ISVs) pursuing government opportunities while expanding the pathway for AI-native, cybersecurity, enterprise software, and critical infrastructure companies to bring production workloads to Azure.

“Microsoft is committed to helping software companies innovate for government while meeting the highest standards for security and compliance,” said Jamie Harper, VP, Defense Industrial Base, Microsoft. “Our collaboration with Knox provides organizations with an accelerated path to deploy innovative solutions on Microsoft Azure Government Cloud, helping government agencies gain faster access to the technologies that support critical missions.”

Knox currently operates one of the industry’s largest FedRAMP-authorized managed cloud environments, supporting more than 70 software companies and maintaining 16 US Federal and Department of War Authorizations to Operate (ATOs). Customers including Adobe, Armis, Celonis, BigID, and other leading software providers rely on Knox to bring commercial innovation to government faster while maintaining rigorous security standards.

As AI adoption accelerates across government, the partnership reflects a shared commitment to ensuring agencies can securely leverage the same cutting-edge technologies already powering the commercial economy.

About Knox Systems

Knox Systems operates the largest managed federal cloud, trusted by top agencies and partners across defense and civilian sectors. Built for speed, resilience, and compliance, Knox delivers FedRAMP authorization in 90 days – turning the biggest bottleneck in government IT into the fastest path to modernization. Knox proudly serves Adobe, Celonis, OutSystems, Armis, BigID, and more AI and SaaS providers, accelerating secure innovation across the federal landscape. Learn more at knoxsystems.com.

Media Contact:
knox@w2comm.com

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SOURCE Knox Systems, Inc

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