Industry Analysis: Hydrogen Generation: Size, Major Firms, Categories, Uses (2023-2030)

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Hydrogen Generation Market size is projected to reach USD 229.85 Billion by 2028 from an estimated USD 129.85 Billion in 2021, growing at a CAGR of 8.5% globally.

The resources used in the Hydrogen Generation Market are diverse and include coal, biomass, natural gas, and a range of other non-renewable and renewable energy sources. At the moment, natural gas is the most widely used source of hydrogen, and natural gas steam methane reformers are widely used to produce hydrogen. Nevertheless, contemporary methods like pyrolysis and electrolysis can also be utilized to produce hydrogen. Numerous methods and tools can be used to create hydrogen. While other technologies split water into hydrogen and oxygen using solar energy or electrolysis, the thermochemical approach requires the use of fossil fuels to release hydrogen. Due to growing pollution, it is anticipated that the market for hydrogen generation will be driven by an exponential increase in the need for clean, green fuel.

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Top Market Players Covered in the Hydrogen Generation Market:

Air Liquide (France), Iwatani Corporation (Japan), Hydrogenics (Canada), Messer Group (Germany),Showa Denko K.K. (Japan), Linde (UK), Epoch Energy Technology Corporation (Taiwan), Idroenergy Spa (Italy), Praxair Inc (U.S.), Air Products (U.S.), McPhy (France), LNI Swissgas (Switzerland), Airgas (U.S.), Parker Hannifin (U.S.), FuelCell Energy (U.S.)

The global Hydrogen Generation Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Hydrogen Generation Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Hydrogen Generation Market study. The market research includes raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Hydrogen Generation Market trends, major leading countries/regions, market risk, and market driving force. The market prediction was based on a thorough market investigation completed by several industry experts

Segmentation Analysis of the Global Hydrogen Generation Market Report:

By System Type         

  • Merchant
  • Captive

By Technology          

  • Steam Methane Reforming
  • Coal Gasification

By Application          

  • Chemical Processing
  • Fuel Cells
  • Petroleum Recovery
  • Refining
  • Others

 Market share data Market Segment by Regions and Countries Level Analysis:

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

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Opportunities:

  • In recent years, due to increased refining activity and increased requirements for hydrotreating and hydrocracking, refinery hydrogen consumption has increased significantly. As worldwide gasoline requirements limit allowed amounts of sulfur content, this trend is expected to continue. Sulfur content restrictions in road transport fuels such as gasoline and diesel have already been cut to < 0.0015 percent in several nations, including China, and others expected to follow suit. The International Maritime Organization has also issued new bunker fuel standards, limiting the sulfur content of marine fuels to no more than 0.5 percent beginning in 2020 (IEA, 2019a), which is expected to result in a large rise in hydrogen generation for marine fuel production.
  • Hydrogen gas has long been heralded as a potential transport fuel. It is seen as offering a low-carbon alternative to refined oil products and natural gas and complementing other alternatives like electricity and advanced biofuels. Hydrogen fuel cell electric vehicles (FCEVs) would reduce local air pollution because – like battery electric vehicles (BEVs) – they have zero tailpipe emissions. Hydrogen can be converted to hydrogen-based fuels, including synthetic methane, methanol, ammonia, and synthetic liquid fuels, which have a range of potential transport uses. Synthetic liquid fuels produced from electrolytic hydrogen are often referred to as “power-to-liquid”.

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