Category : Energy and Power | Published at : April-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The global hydrogen generation market size is projected to hit around US$ 120 Bn by 2027 and growing at a CAGR of 4% during the forecast period 2020 to 2027.
Hydrogen can be produced with a wide range of processes, using diverse domestic resources, including fossil fuels such as natural gas and coal, nuclear energy, and other renewable sources such as biomass, wind, solar, geothermal and hydro-power. Hydrogen release from organic materials such as coal and biomass by thermochemical processes uses heat and chemical reactions The use of electrolysis or solar energy can be used to convert water (H2O) into hydrogen (h2) and oxygen (o2). Hydrogen can be produced by biological processes from microorganisms such as bacteria and algae.
Market Insights
The major factor boosting the growth of hydrogen generation market is due to rising adoption of cleaner fuels. Other factors responsible for growth of market during forecast period are the decrease in crude quality and the growth and development of the transport sector. To avoid problems with desulfurization, strict regulations are implemented at the time of transportation is likely to fuel the growth of global hydrogen generation market. Distillate demand and hydrogen cell production are projected to stimulate global market growth in near future. However, decreased quality of crude hydrogen has increased the importance of hydrogen for processing purposes. Hydrogen is extremely flammable in nature and therefore requires a high level of safety during transport and the lack of appropriate transport networks leads to increased transport costs.
Report coverage
The market research study on “Hydrogen Generation Market (By Production: Steam reforming of hydrocarbons, Fossil Fuels, Electrolysis, Water, Alkaline, Polymer electrolyte membrane (PEM), High Temperature, Dissociation of hydrocarbons, Others (Photolysis, Bio photolysis); By Generation & Delivery Mode: Merchant Production, Liquid Production, Gaseous Production, Captive Production; By End-User: Petroleum Refining & Recovery, Chemical Processing, Automotive Fuels, Ammonia Production, Methanol Production, Others (Aerospace, Electrical & Electronics, Edible fats & oils)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global hydrogen generation market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global hydrogen generation market are production, generation & delivery mode, end-user and major geographic regions. The hydrogen generation market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
North America, Europe and Asia Pacific together accounts to hold approximately 80% of market share of the global hydrogen generation market. Asia Pacific is one of the major stakeholders across the globe, with its high population density, various production facilities and substantial investments in the development of fuel cells. The government the positive outlook for the refinery sector will focus on the development of new industrial installations, including chemical, automotive and power, will promote demand for hydrogen generation throughout the region. Market statistics for Asia Pacific hydrogen production are projected to be showing substantial growth as energy demand increases. Growing refinery operations are expected to boost demand growth in countries like China and India. Japan and China are, according to IEA 2019, the main importers of hydrogen-induced LNG. Continuing pilot projects in Japan such as the procurement of natural gas fuel for power plants would help the country's fuel trade. The region's producers focus on international hydrogen exchange to create a low-carbon hydrogen economy.
Key Players
Major players included in this report Linde AG, Air Products & Chemicals Inc., Iwatani Corporation, Airgas Inc., Caloric Anlagenbau GmbH, Air Liquide SA, Hydrogenics Corp., Nuvera Fuel Cells, LLC, Alumifuel Power Corporation, Praxair Inc., and others. Currently, major business players in the sector look for inorganic growth businesses through alliances and acquisitions to gain a strategic advantage. Diverse merger & acquisitions are structured to boost competitiveness and to gain a larger share of the market.
The global hydrogen generation market is segmented as below:
Market Segmentation
Hydrogen Generation Market By Production
- Steam reforming of hydrocarbons
- Fossil Fuels
- Electrolysis
- Water
- Alkaline
- Polymer electrolyte membrane (PEM)
- High Temperature
- Dissociation of hydrocarbons
- Others (Photolysis, Bio photolysis)
Hydrogen Generation Market By Generation & Delivery Mode
- Merchant Production
- Liquid Production
- Gaseous Production
- Captive Production
- By-product Production
Hydrogen Generation Market By End-User
- Petroleum Refining & Recovery
- Chemical Processing
- Automotive Fuels
- Ammonia Production
- Methanol Production
- Others (Aerospace, Electrical & Electronics, Edible fats & oils)
Hydrogen Generation Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The major factor boosting the growth of hydrogen generation market is due to rising adoption of cleaner fuels.
Acumen Research and Consulting predict that the global hydrogen generation market size is projected to hit around US$ 120 Bn by 2027.
The global hydrogen generation market is growing at a CAGR of 4% during the forecast period 2020 to 2027.
North America, Europe and Asia Pacific together accounts to hold approximately 80% of market share of the global hydrogen generation market.
Market statistics for Asia Pacific hydrogen production are projected to be showing substantial growth as energy demand increases.
Major players included in this report Linde AG, Air Products & Chemicals Inc., Iwatani Corporation, Airgas Inc., Caloric Anlagenbau GmbH, Air Liquide SA, Hydrogenics Corp., Nuvera Fuel Cells, LLC, Alumifuel Power Corporation, Praxair Inc., and others.
The hydrogen generation market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
