Hydrogen Generation Market Overview
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.
Hydrogen is made from a variety of resources, including biomass, natural gas, coal, and a variety of other renewable and non-renewable energy sources. Natural gas is currently the most common source of hydrogen, and natural gas steam methane reformers are commonly utilized in hydrogen generation. However, modern processes such as electrolysis and pyrolysis can also be used to create hydrogen. Hydrogen may be produced utilizing a variety of procedures and resources. The thermochemical method needs the use of fossil fuels to release hydrogen, whereas other systems use electrolysis or solar energy to split water into hydrogen and oxygen. The market for hydrogen generation is predicted to be driven by an exponential growth in demand for clean and green fuel due to rising pollution levels, as well as expanding government laws to control and restrict Sulfur content in fuels. The United States is one of the world's early adopters of renewable energy solutions in industries including electricity generation, industry, and transportation. The increasing use of the product in many sectors is expected to be the industry's key driving factor internationally.
Covid-19 Impact On Hydrogen Generation Market
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. COVID-19 wreaked havoc on the hydrogen generating industry. Several initiatives have been done to boost international collaboration among countries to promote investments and make it easier to do business inside the countries. In addition, numerous relief measures in the hydrogen generating industry were made available to the middle market and major corporations. New and current initiatives were given a boost by welcoming government-supported technical advancements. Rapid industrialization and urbanization in India, China, and other Asian countries, along with the development of smart and energy-efficient hydrogen-generation technologies, has a positive influence on market demand for hydrogen and is expected to have a gradual growth recovery during the forecasted period.
Market Dynamics And Key Factors For Hydrogen Generation Market
Drivers:
Growing demand for clean transport fuel boosting the Hydrogen Generation Market.
The demand for fuel cell electric vehicles (FCEVs) such as passenger cars, buses, lorries, and other heavy-duty vehicles is expected to grow rapidly. FCEVs are equipped with a fuel cell technology that allows them to function without emitting hazardous emissions by using hydrogen as a primary fuel. Furthermore, various governments' massive FCEV deployment objectives have resulted in a large rise in the number of FCEVs on the road. According to the International Energy Agency (IEA), South Korea plans to deploy 81,000 FCEVs by 2022 and 2.9 million cars by 2040, according to a report released in June 2020. Continuous industrial and urban expansions have compelled countries to employ a variety of power production technologies to meet demand. In addition, increasing population growth and development activities in the Asia Pacific and the Middle East, and Africa. Concerns about the use of sustainable energy to minimize reliance on fossil fuels such as crude oil and natural gas are growing in importance in the worldwide market. According to the BP Statistical Review of World Energy 2020, which was released in June 2020, total energy consumption in the Asia Pacific was roughly 257.6 exajoules in 2019, up from around 249.4 exajoules in 2018.
Restraints:
H2 fuel is commercially manufactured using a variety of methods that need a large amount of cash to start up and manage, slowing down the worldwide market. Furthermore, the significant energy consumption required to create hydrogen via technologies such as water electrolysis is exceedingly expensive, as extra electricity is required to split water molecules into hydrogen and oxygen.
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”.
Challenges:
Current trends and regulations predict that the rate of increase of hydrogen demand will drop after 2030, as the ability to tighten product quality requirements diminishes and oil demand for transportation fuels is influenced by a mix of efficiency improvements and electrification. Refiners are also likely to improve the efficiency of waste refinery hydrogen recovery. Hydrogen demand at refineries would decrease under a scenario consistent with the Paris Agreement's goals, with the Higher hydrogen intensity more than offsets the impact of reduced oil demand. Therefore, it presents a long-term challenge for Hydrogen Generation Market.
Market Segmentation
Segmentation Analysis of Hydrogen Generation Market:
By Systems Type, the Merchant segment is dominating the Hydrogen Generation Market. The term "merchant generation" refers to hydrogen that is generated at a central location and then delivered and sold to customers by bulk tank, cylinder truck, or pipeline. There is a substantial existing natural gas pipeline network in several nations, including the United States, Canada, and Russia, that might be utilized to transport and distribute hydrogen. New infrastructure is being built in the Asia Pacific region's growing economies, with specialized pipeline and shipping networks possibly permitting large-scale foreign hydrogen transit. Given its simplicity of adoption, this technology has a large-scale penetration in socioeconomically growing countries, notably North America and Europe. Captive hydrogen generation is characterized as on-site generating that eliminates various issues associated with hydrogen transportation and distribution.
By Technology, Steam methane reformation is dominating the technology segment in Hydrogen Generation Market. Steam methane reformation produces hydrogen as well as other gases such as carbon monoxide and carbon dioxide. The steam methane reforming method is a well-developed and sophisticated hydrogen-generating technique. The growing global need for hydrogen, which is the most cost-effective method for hydrogen generation, is one of the major drivers driving the rise of steam methane reforming technology. The category is driven by operational benefits such as high conversion efficiency associated with the steam methane reforming process. Coal gasification, which produces hydrogen from coal as raw material, has been in use for about two centuries.
By Application, the ammonia production segment held the largest revenue share of over 20.0% in 2020 and is projected to witness significant growth during the forecast period. A large quantity of hydrogen produced is consumed in ammonia plants. Typically, hydrogen is produced on-site at ammonia plants from a fossil fuel feedstock. Traditionally, this application has large-scale penetration owing to easy adoption, coupled with affordable prices. Ammonia finds large-scale adoption in the manufacturing process of fertilizers. Farmers began using ammonia instead of natural fertilizers when Fritz Haber and Carl Bosch devised a technique to combine hydrogen and ambient nitrogen under pressure. Nearly all of the world's ammonia, as well as derivatives like urea and ammonium nitrate, is still produced through the Haber-Bosch process. Therefore, the segment is expected to grow during the forecasted period.
Regional Analysis of Hydrogen Generation Market:
The Asia Pacific is currently dominating the Hydrogen Generation Market. China, Japan, South Korea, India, and Australia are all part of the Asia Pacific market. Market growth is expected to be boosted by strong economic performance and large-scale R&D expenditures in the Asia Pacific emerging countries. China is making significant reforms to its gasoline and petroleum industries to address a variety of issues, including pollution and economic disparities between urban and rural populations. Air pollution and rising levels of sulfur in the atmosphere are also posing problems for the country. In addition, the presence of a large number of refineries in key APAC nations such as China and India has boosted hydrogen-generating usage in the area. Furthermore, governments in Asia Pacific nations such as Japan and Australia are considering greener and cleaner hydrogen-producing technologies, which is projected to enhance the regional market growth.
Europe is the fastest-growing region in Hydrogen Generation Market and is expected to dominate during the forecasted period. The European Commission published a long-term decarbonization strategy that included hydrogen pathways to carbon neutrality; recast the directive on the promotion of the use of renewable energy sources, allowing hydrogen produced from renewable sources with guarantees of origin to be counted toward 2030 renewables targets; and established a "Hydrogen Energy Network" as a platform for discussion of hydrogen among EU member states. Twenty-eight European nations, as well as about 100 enterprises, organizations, and institutions, signed the Linz Declaration "Hydrogen Initiative" to promote cooperation on sustainable hydrogen technology. A Hydrogen Deployment Plan was unveiled, along with EUR 100 million in financing and 2023 and 2028 objectives for low-carbon hydrogen in industry, transportation, and renewable energy storage, especially for islands. Approved a ten-year extension of the National Innovation Programme for Hydrogen and Fuel Cell Technologies, with EUR 1.4 billion in funding, including subsidies for publicly accessible hydrogen refueling stations, fuel cell vehicles, and micro-cogeneration purchases, to be matched by EUR 2 billion in private investment. Through the H2mobility initiative, we supported the first commercial operation of a hydrogen-powered train as well as the country's greatest yearly rise in refueling stations.
Players Covered In Hydrogen Generation Market are:
- 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.)
Key Industry Developments In Hydrogen Generation Market
- July 2021, Cerulean Winds has announced a deal with px Group to help develop onshore green hydrogen reactors and related industrial infrastructure in England and Scotland for its 200-turbine floating wind-to-hydrogen project in the North Sea. According to the agreement, the px Group will manage the hydrogen-producing facilities as well as the onshore infrastructure, including grid connections and onshore substations.
- July 2021, Plug Power, one of the top hydrogen technology firms, has entered into a 345 MW wind power purchase deal with Apex Clean Energy (PPA). The wind farm will generate enough energy to power one of a series of liquid hydrogen facilities, making it the largest wind-powered hydrogen project in the United States. By 2025, Plug Power estimated that demand for hydrogen will surpass 100 tonnes per day, necessitating the development of hydrogen-producing capacity.
Global Hydrogen Generation Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 129.85 Bn. |
Forecast Period 2022-28 CAGR: |
8.5% |
Market Size in 2028: |
USD 229.85 Bn. |
Segments Covered: |
By System Type |
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By Technology |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Systems Type
3.2 By Technology
3.3 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Hydrogen Generation Market by Systems Type
5.1 Hydrogen Generation Market Overview Snapshot and Growth Engine
5.2 Hydrogen Generation Market Overview
5.3 Merchant
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Merchant: Grographic Segmentation
5.4 Captive
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Captive: Grographic Segmentation
Chapter 6: Hydrogen Generation Market by Technology
6.1 Hydrogen Generation Market Overview Snapshot and Growth Engine
6.2 Hydrogen Generation Market Overview
6.3 Steam Methane Reforming
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Steam Methane Reforming: Grographic Segmentation
6.4 Coal Gasification
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Coal Gasification: Grographic Segmentation
Chapter 7: Hydrogen Generation Market by Application
7.1 Hydrogen Generation Market Overview Snapshot and Growth Engine
7.2 Hydrogen Generation Market Overview
7.3 Chemical Processing
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size (2016-2028F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Chemical Processing: Grographic Segmentation
7.4 Fuel Cells
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size (2016-2028F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Fuel Cells: Grographic Segmentation
7.5 Petroleum Recovery
7.5.1 Introduction and Market Overview
7.5.2 Historic and Forecasted Market Size (2016-2028F)
7.5.3 Key Market Trends, Growth Factors and Opportunities
7.5.4 Petroleum Recovery: Grographic Segmentation
7.6 Refining
7.6.1 Introduction and Market Overview
7.6.2 Historic and Forecasted Market Size (2016-2028F)
7.6.3 Key Market Trends, Growth Factors and Opportunities
7.6.4 Refining: Grographic Segmentation
7.7 Others
7.7.1 Introduction and Market Overview
7.7.2 Historic and Forecasted Market Size (2016-2028F)
7.7.3 Key Market Trends, Growth Factors and Opportunities
7.7.4 Others: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Positioning
8.1.2 Hydrogen Generation Sales and Market Share By Players
8.1.3 Industry BCG Matrix
8.1.4 Ansoff Matrix
8.1.5 Hydrogen Generation Industry Concentration Ratio (CR5 and HHI)
8.1.6 Top 5 Hydrogen Generation Players Market Share
8.1.7 Mergers and Acquisitions
8.1.8 Business Strategies By Top Players
8.2 AIR LIQUIDE
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Operating Business Segments
8.2.5 Product Portfolio
8.2.6 Business Performance
8.2.7 Key Strategic Moves and Recent Developments
8.2.8 SWOT Analysis
8.3 IWATANI CORPORATION
8.4 HYDROGENICS
8.5 MESSER GROUP
8.6 SHOWA DENKO K.K.
8.7 LINDE
8.8 EPOCH ENERGY TECHNOLOGY CORPORATION
8.9 IDROENERGY SPA
8.10 PRAXAIR INC.
8.11 AIR PRODUCTS
8.12 MCPHY
8.13 LNI SWISSGAS
8.14 AIRGAS
8.15 PARKER HANNIFIN
8.16 FUELCELL ENERGY
8.17 OTHER MAJOR PLAYERS
Chapter 9: Global Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
9.1 Market Overview
9.2 Historic and Forecasted Market Size By Systems Type
9.2.1 Merchant
9.2.2 Captive
9.3 Historic and Forecasted Market Size By Technology
9.3.1 Steam Methane Reforming
9.3.2 Coal Gasification
9.4 Historic and Forecasted Market Size By Application
9.4.1 Chemical Processing
9.4.2 Fuel Cells
9.4.3 Petroleum Recovery
9.4.4 Refining
9.4.5 Others
Chapter 10: North America Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Systems Type
10.4.1 Merchant
10.4.2 Captive
10.5 Historic and Forecasted Market Size By Technology
10.5.1 Steam Methane Reforming
10.5.2 Coal Gasification
10.6 Historic and Forecasted Market Size By Application
10.6.1 Chemical Processing
10.6.2 Fuel Cells
10.6.3 Petroleum Recovery
10.6.4 Refining
10.6.5 Others
10.7 Historic and Forecast Market Size by Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
Chapter 11: Europe Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Systems Type
11.4.1 Merchant
11.4.2 Captive
11.5 Historic and Forecasted Market Size By Technology
11.5.1 Steam Methane Reforming
11.5.2 Coal Gasification
11.6 Historic and Forecasted Market Size By Application
11.6.1 Chemical Processing
11.6.2 Fuel Cells
11.6.3 Petroleum Recovery
11.6.4 Refining
11.6.5 Others
11.7 Historic and Forecast Market Size by Country
11.7.1 Germany
11.7.2 U.K.
11.7.3 France
11.7.4 Italy
11.7.5 Russia
11.7.6 Spain
11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Systems Type
12.4.1 Merchant
12.4.2 Captive
12.5 Historic and Forecasted Market Size By Technology
12.5.1 Steam Methane Reforming
12.5.2 Coal Gasification
12.6 Historic and Forecasted Market Size By Application
12.6.1 Chemical Processing
12.6.2 Fuel Cells
12.6.3 Petroleum Recovery
12.6.4 Refining
12.6.5 Others
12.7 Historic and Forecast Market Size by Country
12.7.1 China
12.7.2 India
12.7.3 Japan
12.7.4 Singapore
12.7.5 Australia
12.7.6 New Zealand
12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Systems Type
13.4.1 Merchant
13.4.2 Captive
13.5 Historic and Forecasted Market Size By Technology
13.5.1 Steam Methane Reforming
13.5.2 Coal Gasification
13.6 Historic and Forecasted Market Size By Application
13.6.1 Chemical Processing
13.6.2 Fuel Cells
13.6.3 Petroleum Recovery
13.6.4 Refining
13.6.5 Others
13.7 Historic and Forecast Market Size by Country
13.7.1 Turkey
13.7.2 Saudi Arabia
13.7.3 Iran
13.7.4 UAE
13.7.5 Africa
13.7.6 Rest of MEA
Chapter 14: South America Hydrogen Generation Market Analysis, Insights and Forecast, 2016-2028
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Systems Type
14.4.1 Merchant
14.4.2 Captive
14.5 Historic and Forecasted Market Size By Technology
14.5.1 Steam Methane Reforming
14.5.2 Coal Gasification
14.6 Historic and Forecasted Market Size By Application
14.6.1 Chemical Processing
14.6.2 Fuel Cells
14.6.3 Petroleum Recovery
14.6.4 Refining
14.6.5 Others
14.7 Historic and Forecast Market Size by Country
14.7.1 Brazil
14.7.2 Argentina
14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Hydrogen Generation Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 129.85 Bn. |
Forecast Period 2022-28 CAGR: |
8.5% |
Market Size in 2028: |
USD 229.85 Bn. |
Segments Covered: |
By System Type |
|
|
By Technology |
|
||
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. HYDROGEN GENERATION MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. HYDROGEN GENERATION MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. HYDROGEN GENERATION MARKET COMPETITIVE RIVALRY
TABLE 005. HYDROGEN GENERATION MARKET THREAT OF NEW ENTRANTS
TABLE 006. HYDROGEN GENERATION MARKET THREAT OF SUBSTITUTES
TABLE 007. HYDROGEN GENERATION MARKET BY SYSTEMS TYPE
TABLE 008. MERCHANT MARKET OVERVIEW (2016-2028)
TABLE 009. CAPTIVE MARKET OVERVIEW (2016-2028)
TABLE 010. HYDROGEN GENERATION MARKET BY TECHNOLOGY
TABLE 011. STEAM METHANE REFORMING MARKET OVERVIEW (2016-2028)
TABLE 012. COAL GASIFICATION MARKET OVERVIEW (2016-2028)
TABLE 013. HYDROGEN GENERATION MARKET BY APPLICATION
TABLE 014. CHEMICAL PROCESSING MARKET OVERVIEW (2016-2028)
TABLE 015. FUEL CELLS MARKET OVERVIEW (2016-2028)
TABLE 016. PETROLEUM RECOVERY MARKET OVERVIEW (2016-2028)
TABLE 017. REFINING MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. NORTH AMERICA HYDROGEN GENERATION MARKET, BY SYSTEMS TYPE (2016-2028)
TABLE 020. NORTH AMERICA HYDROGEN GENERATION MARKET, BY TECHNOLOGY (2016-2028)
TABLE 021. NORTH AMERICA HYDROGEN GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 022. N HYDROGEN GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 023. EUROPE HYDROGEN GENERATION MARKET, BY SYSTEMS TYPE (2016-2028)
TABLE 024. EUROPE HYDROGEN GENERATION MARKET, BY TECHNOLOGY (2016-2028)
TABLE 025. EUROPE HYDROGEN GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 026. HYDROGEN GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 027. ASIA PACIFIC HYDROGEN GENERATION MARKET, BY SYSTEMS TYPE (2016-2028)
TABLE 028. ASIA PACIFIC HYDROGEN GENERATION MARKET, BY TECHNOLOGY (2016-2028)
TABLE 029. ASIA PACIFIC HYDROGEN GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 030. HYDROGEN GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA HYDROGEN GENERATION MARKET, BY SYSTEMS TYPE (2016-2028)
TABLE 032. MIDDLE EAST & AFRICA HYDROGEN GENERATION MARKET, BY TECHNOLOGY (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA HYDROGEN GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 034. HYDROGEN GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 035. SOUTH AMERICA HYDROGEN GENERATION MARKET, BY SYSTEMS TYPE (2016-2028)
TABLE 036. SOUTH AMERICA HYDROGEN GENERATION MARKET, BY TECHNOLOGY (2016-2028)
TABLE 037. SOUTH AMERICA HYDROGEN GENERATION MARKET, BY APPLICATION (2016-2028)
TABLE 038. HYDROGEN GENERATION MARKET, BY COUNTRY (2016-2028)
TABLE 039. AIR LIQUIDE: SNAPSHOT
TABLE 040. AIR LIQUIDE: BUSINESS PERFORMANCE
TABLE 041. AIR LIQUIDE: PRODUCT PORTFOLIO
TABLE 042. AIR LIQUIDE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. IWATANI CORPORATION: SNAPSHOT
TABLE 043. IWATANI CORPORATION: BUSINESS PERFORMANCE
TABLE 044. IWATANI CORPORATION: PRODUCT PORTFOLIO
TABLE 045. IWATANI CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. HYDROGENICS: SNAPSHOT
TABLE 046. HYDROGENICS: BUSINESS PERFORMANCE
TABLE 047. HYDROGENICS: PRODUCT PORTFOLIO
TABLE 048. HYDROGENICS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. MESSER GROUP: SNAPSHOT
TABLE 049. MESSER GROUP: BUSINESS PERFORMANCE
TABLE 050. MESSER GROUP: PRODUCT PORTFOLIO
TABLE 051. MESSER GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. SHOWA DENKO K.K.: SNAPSHOT
TABLE 052. SHOWA DENKO K.K.: BUSINESS PERFORMANCE
TABLE 053. SHOWA DENKO K.K.: PRODUCT PORTFOLIO
TABLE 054. SHOWA DENKO K.K.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. LINDE: SNAPSHOT
TABLE 055. LINDE: BUSINESS PERFORMANCE
TABLE 056. LINDE: PRODUCT PORTFOLIO
TABLE 057. LINDE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. EPOCH ENERGY TECHNOLOGY CORPORATION: SNAPSHOT
TABLE 058. EPOCH ENERGY TECHNOLOGY CORPORATION: BUSINESS PERFORMANCE
TABLE 059. EPOCH ENERGY TECHNOLOGY CORPORATION: PRODUCT PORTFOLIO
TABLE 060. EPOCH ENERGY TECHNOLOGY CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. IDROENERGY SPA: SNAPSHOT
TABLE 061. IDROENERGY SPA: BUSINESS PERFORMANCE
TABLE 062. IDROENERGY SPA: PRODUCT PORTFOLIO
TABLE 063. IDROENERGY SPA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. PRAXAIR INC.: SNAPSHOT
TABLE 064. PRAXAIR INC.: BUSINESS PERFORMANCE
TABLE 065. PRAXAIR INC.: PRODUCT PORTFOLIO
TABLE 066. PRAXAIR INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. AIR PRODUCTS: SNAPSHOT
TABLE 067. AIR PRODUCTS: BUSINESS PERFORMANCE
TABLE 068. AIR PRODUCTS: PRODUCT PORTFOLIO
TABLE 069. AIR PRODUCTS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. MCPHY: SNAPSHOT
TABLE 070. MCPHY: BUSINESS PERFORMANCE
TABLE 071. MCPHY: PRODUCT PORTFOLIO
TABLE 072. MCPHY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. LNI SWISSGAS: SNAPSHOT
TABLE 073. LNI SWISSGAS: BUSINESS PERFORMANCE
TABLE 074. LNI SWISSGAS: PRODUCT PORTFOLIO
TABLE 075. LNI SWISSGAS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. AIRGAS: SNAPSHOT
TABLE 076. AIRGAS: BUSINESS PERFORMANCE
TABLE 077. AIRGAS: PRODUCT PORTFOLIO
TABLE 078. AIRGAS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. PARKER HANNIFIN: SNAPSHOT
TABLE 079. PARKER HANNIFIN: BUSINESS PERFORMANCE
TABLE 080. PARKER HANNIFIN: PRODUCT PORTFOLIO
TABLE 081. PARKER HANNIFIN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. FUELCELL ENERGY: SNAPSHOT
TABLE 082. FUELCELL ENERGY: BUSINESS PERFORMANCE
TABLE 083. FUELCELL ENERGY: PRODUCT PORTFOLIO
TABLE 084. FUELCELL ENERGY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 085. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 086. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 087. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. HYDROGEN GENERATION MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. HYDROGEN GENERATION MARKET OVERVIEW BY SYSTEMS TYPE
FIGURE 012. MERCHANT MARKET OVERVIEW (2016-2028)
FIGURE 013. CAPTIVE MARKET OVERVIEW (2016-2028)
FIGURE 014. HYDROGEN GENERATION MARKET OVERVIEW BY TECHNOLOGY
FIGURE 015. STEAM METHANE REFORMING MARKET OVERVIEW (2016-2028)
FIGURE 016. COAL GASIFICATION MARKET OVERVIEW (2016-2028)
FIGURE 017. HYDROGEN GENERATION MARKET OVERVIEW BY APPLICATION
FIGURE 018. CHEMICAL PROCESSING MARKET OVERVIEW (2016-2028)
FIGURE 019. FUEL CELLS MARKET OVERVIEW (2016-2028)
FIGURE 020. PETROLEUM RECOVERY MARKET OVERVIEW (2016-2028)
FIGURE 021. REFINING MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. NORTH AMERICA HYDROGEN GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. EUROPE HYDROGEN GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. ASIA PACIFIC HYDROGEN GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. MIDDLE EAST & AFRICA HYDROGEN GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. SOUTH AMERICA HYDROGEN GENERATION MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Hydrogen Generation Market research report is 2022-2028.
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.), and other major players.
The Hydrogen Generation Market is segmented into System Type, Technology, Application, and region. By System Type, the market is categorized into Merchant, and Captive. By Technology, the market is categorized into Steam Methane Reforming, Coal Gasification. By Application, the market is categorized into Chemical Processing, Fuel Cells, Petroleum Recovery, Refining, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Hydrogen is made from a variety of resources, including biomass, natural gas, coal, and a variety of other renewable and non-renewable energy sources. Natural gas is currently the most common source of hydrogen, and natural gas steam methane reformers are commonly utilized in hydrogen generation. However, modern processes such as electrolysis and pyrolysis can also be used to create hydrogen.
The 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.