Global Hydrogen Generation Market, By Generation and Delivery Mode (Captive, Merchant), Technology (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, Electrolysis of Water), Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, Chemical Processing, Automotive Fuels, Other Applications), Storage (On-Board Hydrogen Storage, Underground Hydrogen Storage, Power-To-Gas Hydrogen Storage), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Hydrogen Generation Market
Hydrogen generation market will reach an estimated valuation of USD 174.63 billion by 2028, while registering this growth at a rate of 4.40% for the forecast period of 2021 to 2028. Hydrogen generation market report analyses the growth, which is currently being growing due to the increasing government regulations in desulphurization.
Hydrogen, while not present in its molecular form, is a pure, flexible and effective zero-emission energy carrier found abundantly on Earth. Water, which makes the atmosphere of the production process compliant, is the primary raw material used for hydrogen generation. It can be manufactured from various feedstocks as a principal product or by product. Hydrogen is a fully renewable fuel that can be produced and converted into electricity effectively to meet energy needs.
Increasing growth of the transportation sector across the globe, rising emphasis on decarbonizing energy end-use, decrease in quality of crudes along with increasing demand for cleaner fuels, prevalence of favourable government policies, introduction of fuel-cell vehicles and increased usage of renewables sources of fuel are some of the major as well as vital factors which will likely to augment the growth of the hydrogen generation market in the projected timeframe of 2021-2028. On the other hand, increasing development of green hydrogen production technologies, growing number of research and development activities along with rising demand for hydrogen in building heat and power which will further contribute by generating massive opportunities that will lead to the growth of the hydrogen generation market in the projected timeframe mentioned above.
Lack of capex spending on hydrogen channelling and distribution infrastructure along with rising consumption of energy which will likely to act as market restraints factor for the growth of the hydrogen generation in the projected timeframe mentioned above. Increasing concern regarding safety along with well-established infrastructure for electric cars which will become the biggest and foremost challenge for the growth of the market.
This hydrogen generation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on hydrogen generation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Hydrogen Generation Market Scope and Market Size
Hydrogen generation market is segmented on the basis of generation and delivery mode, technology, storage and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of generating and delivery mode, the hydrogen generation market is segmented into captive, and merchant.
- Based on technology, the hydrogen generation market is segmented into steam methane reforming, partial oxidation of oil, coal gasification, and electrolysis of water.
- On the basis of storage, the hydrogen generation market is segmented into on-board hydrogen storage, underground hydrogen storage, and power-to-gas hydrogen storage.
- Hydrogen generation market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for hydrogen generation market includes petroleum refinery, ammonia production, methanol production, transportation, power generation, chemical processing, automotive fuels, and other applications. Other applications have been further segmented into aerospace, electrical and electronics, edible fats and oils.
Hydrogen Generation Market Country Level Analysis
Hydrogen generation market is analysed and market size, volume information is provided by country, generation and delivery mode, technology, storage and application as referenced above.
The countries covered in the hydrogen generation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the hydrogen generation market due to the increasing number of research and development activities along with prevalence of various number of refineries in the region. Europe region is expected to hold the largest growth rate due to the rising demand for clean and sustainable energy in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrogen Generation Market Share Analysis
Hydrogen generation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hydrogen generation market.
The major players covered in the hydrogen generation market report are Air Liquide; Air Products Inc.; FuelCell Energy; Cummins Inc; Iwatani Corporation.; Linde; Messer Group; PLUG POWER INC.; Praxair Technology, Inc.; SHOWA DENKO K.K.; TAIYO NIPPON SANSO CORPORATION; Xebec Adsorption Inc.; ALLY HI-TECH CO., LTD.; Ballard Power Systems.; CALORIC; CLAIND srl; Erre Due s.p.a.; HYGEAR HQ; NUVERA FUEL CELLS, LLC; ProtonOnsite; Teledyne Technologies Incorporated; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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