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Global Hydrogen Generation Market Outlook, 2027

Global Hydrogen Generation Market Outlook, 2027

Bonafide Research 25-03-2022 151 Pages Figures : 89 Tables : 22
Region : Global Category : Energy & Utility Alternative & Renewables

Hydrogen is a combustible gaseous substance that is colorless, odorless, and tasteless. Hydrogen is the most abundant chemical element in the universe. It occurs naturally on Earth, but not in large enough (0.00005% atm) enough quantities to be produced cost-competitively. Hydrogen has the ability to store and distribute useable energy; therefore, it needs to be separated from other elements (hydrocarbons and water). In order to obtain pure hydrogen for industrial applications, there are commonly three processes by which hydrogen is produced, i.e., steam methane reforming, coal gasification, and electrolysis. As raw materials, natural gas and coal-like fossil fuels are used to get hydrogen. But by this process, the harmful gas, i.e., CO2, is produced in a large amount. Recently, it has reached around 850-900 million metric tons. The gasification of coal to produce hydrogen is a well-established method that has been used in the chemical and fertiliser industries for decades to produce ammonia.

Hydrogen production using coal produces CO2 emissions of about 19 tCO2/tH2, which is twice as much as natural gas. The hydrogen produced from SMR and coal gasification is known as grey hydrogen, but the produced hydrogen and carbon that is captured, stored, and utilised is known as blue hydrogen. One of the advanced techniques to generate hydrogen is via ‘electrolysis’ (referring to water electrolysis) without the emission of CO2 into the atmosphere. The produced green hydrogen amount is negligible compared with others. But it is generated from renewable energy sources like solar and wind and other nuclear resources. The equipment that is used is known as an electrolyzer. Electrolyzers come in a variety of sizes, from small appliances that are ideal for small-scale distributed hydrogen production to large-scale industrial electrolyzers. In a bright future, the cost of green hydrogen will be decreased because of renewable energy sources like solar and wind, i.e., the electricity cost will be lower. Developing countries around the world have already entered and published their strategy to generate hydrogen via the electrolysis of water. Hence, hydrogen generation has exponential growth in the future. Governments are also investing funds in the plants.

According to the report titled "Global Hydrogen Generation Market Outlook, 2027", published by Bonafide Research, the market size of the Global Hydrogen Generation Market is anticipated to grow with a CAGR of around 5.8% by the forecast period.



Hydrogen is demanded in a variety of industrial applications: petroleum refineries, power generation, DRI, and transportation. The transportation segment has remarkable future demand as more EVs and hydrogen fuel cell vehicles are entering the roads. But the current scenario is different and petroleum refineries consume the highest amount of hydrogen, followed by ammonia production. Asia-Pacific is the leader of the hydrogen generation market. All the developing countries like China, Japan, and South Korea are heavily working on this field. South Korea is the leader in the automotive fuel cell market, contributing to a 25% market share. Europe has more than 40% of the installed electrolyser capacity around the globe, followed by Canada and China. The Americas and the Middle East have also started the approach to taking the lead in the future.

COVID-19 Impact:
The Covid-19 pandemic is wreaking havoc on the world's energy system. Although global carbon emission rate was fallen due to lockdown as the transportation and industries were shut down. The y-o-y growth was not met in 2020 as the lack of raw material supply chain & labor. Due to a drop in commercial activity, demand for hydrogen has dropped dramatically in several areas. Various governments, on the other hand, have chosen a variety of measures to improve the global economy, including international collaborations, supplier diversity, new innovation to reduce the need for particular resources, and circular economy techniques.

Major Companies present in the market:
Hydrogenics Corp (HYGS), Messer Group GmbH, LNI Swissgas SA, McPhy Energy S.A., Linde Plc, Air Products and Chemicals, Inc., Air Liquide, Ally Hi-Tech Co., Limited, INOX-Air Products Inc., Weldstar, Inc., Uniper, Plug Power, ENGIE, Iwatani Corporation, Ballard Power Systems, Nel Hydrogen

Considered in this report
  • Geography: Global
  • Historic Year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report
  • Global Hydrogen Generation Market with its value and forecast along with its segments
  • Region & country wise Hydrogen Generation market analysis
  • Application wise Hydrogen Generation distribution
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Regions covered in the report
• North America – USA, Canada, Mexico
• Europe – Germany, UK, France, Italy, Spain, Russia
• Asia-Pacific – China, Japan, India, Australia, South Korea
• Latin America – Brazil, Argentina, Columbia
• Middle-East & Africa – UAE, Saudi Arabia, South Africa

Technical types of Hydrogen Generationin the report:
• Steam Methane Reforming
• Coal Gasification
• Others (Electrolysis, oil/refining or auto-thermal reformation)

By ApplicationType in the report:
• Methanol Production
• Ammonia Production
• Petroleum Refinery
• Transportation
• Power Generation
• Others

By System Type in the report:
• Captive
• Merchant

By System Type in the report:
• Natural gas
• Coal
• Others

By Color Code Type in the report:
• Grey hydrogen
• Blue hydrogen
• Green hydrogen
• Brown hydrogen

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chemical industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

 

 

 

 

 

 

 

 

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