Hydrogen Generation Market

Hydrogen Generation Market Forecasts to 2028 – Global Analysis By Technology (Partial Oxidation, Electrolysis, Steam Methane Reforming (SMR), Coal Gasification, Solar Hydrogen, Thermochemical), Type (Portable, On-Site), and By Geography

4.6 (15 reviews)
Published: September 2021 ID: SMRC20936
4.6 (15 reviews)
Published: September 2021 ID: SMRC20936

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Hydrogen Generation market is accounted for $130.00 billion in 2020 and is expected to reach $306.13 billion by 2028 growing at a CAGR of 11.3% during the forecast period. Some of the key factors propelling the market growth include rising government regulations to control and curb the sulfur content in fuels, rising awareness toward energy efficiency, technical development in hydrogen fuel cell technology for reducing dependency on fossil fuels, and growing application of hydrogen in various industries. However, high capital cost of hydrogen energy storage is hindering the market growth.  

Hydrogen is clean, multipurpose, and effective zero emission carrier of energy. Water is a raw material used for hydrogen generation. It efficiently manufactures and transforms into electricity to fulfill need of energy. It can be produced by biological processes from microorganisms such as bacteria and algae. Hydrogen release from organic materials such as coal and biomass by thermochemical processes uses heat and chemical reactions.

By application, the petroleum refining & recovery segment is projected to grow at a highest rate due to the continuous requirement of H to desulfurize the diesel fuel and increasing government regulations to encourage desulphurization of fuels to conserve the environment.

On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, owing to growing refinery operations in countries including China and India, increasing investments in hydrogen refuelling infrastructure, rising demand for petroleum and petroleum products, large-scale investments in R&D in developing countries of Asia Pacific, and favorable government policies.

Some of the key players in Hydrogen Generation Market include Air Products and Chemicals, Inc., Linde plc, Messer Group GmbH, Cummins Inc., Teledyne Technologies Inc., Praxair Inc., Air Liquide International S.A., Weldstar, Inc., Ballard Power Systems, Parker Hannifin Corp., Showa Denko K.K., Iwatani Corporation, Mahler AGS GmbH, Xebec Adsorption Inc., Taiyo Nippon Sanso Corporation, McPhy Energy S.A., and INOX Air Products Ltd.

Technologies Covered:
• Partial Oxidation
• Electrolysis
• Steam Methane Reforming (SMR)
• Coal Gasification
• Solar Hydrogen
• Thermochemical

Types Covered:
• Portable
• On-Site

Sources Covered:
• Green Hydrogen
• Blue Hydrogen
• Grey Hydrogen
• Natural Gas
• Oil
• Coal

Productions Covered:
• Water
• Fossil Fuels
• Dissociation of Hydrocarbons
• Steam Reforming of Hydrocarbons
• Alkaline
• High Temperature
• Other Productions

Generation & Delivery Modes Covered:
• Merchant Production
• Liquid Production
• Captive Production
• Gaseous Production
• By-Product Production

Capacities Covered:
• 3kW & Above
• 1kW – 3kW
• 700W – 1kW
• 300W – 700W
• 100W – 300W
• 1W – 100W

Storages Covered:
• Subterranean/Underground Storage
• Crystalline Onboard Storage
• Power-to-Gas Storage

Electroliser Types Covered:
• Polymer Electrolyte Membrane (PEM) Electroliser
• Traditional Alkaline Electroliser

Applications Covered:
• Ammonia Production
• Power Generation
• Methanol Production
• Transportation
• Petroleum Refining & Recovery
• Industrial Gases
• Steel Plant
• Photovoltaics
• Power Plants
• Energy Storage or Fueling for Fuel Cell Electric Vehicles (FCEVs)

End Users Covered:
• Chemical Processing
• Metal Processing Industry
• Refinery Industry
• Automotive Fuels
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand    
o South Korea           
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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o Comprehensive profiling of additional market players (up to 3)
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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