Hydrogen is the simplest element exist on Earth and is a energy carrier. Hydrogen is rarely found by itself in nature and must be produced from substances that contain it. Hydrogen can store and distribute useable energy. The production of hydrogen can be done in a low-carbon manner using a variety of domestic resources, such as nuclear energy and renewable energy sources including wind, solar, geothermal, and hydroelectric power, as well as fossil fuels like coal and natural gas combined with carbon capture and storage. Utilizing hydrogen can enable zero or nearly zero emissions in transportation, integrated renewable energy systems, and other industrial and chemical operations. Emerging hydrogen markets within these sectors include data centers, ports, steel manufacturing, and medium- and heavy-duty trucks.Â
According to a latest market research, “The global hydrogen generation market is projected to reach USD 263.5 Billion by 2027, at a CAGR of 10.5% between 2022 to 2027.”
The factors driving the growth for hydrogen generation market is Increasing hydrogen demand in the petroleum refineries and rising demand for hydrogen in transportation and power generation applications.
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The market sizing and forecasting include the segmentation of the market on the technology, source, application, generation and delivery mode, region.
Hydrogen generation market, by technologies
- Steam methane reformin (SMR)
- Partial Oxidation (POX)
- Coal gasification
- Electrolysis
Hydrogen generation market, by source
- Blue
- Gray
- Green
Hydrogen generation market, by application
- Petroleum refinery
- Ammonia production
- Methanol production
- Transportation
- Power generation
Hydrogen generation market, by generation and delivery mode
- Captive
- Merchant
Hydrogen generation market, by region
- Europe
- Asia pacific
- North America
- South America
- Middle east
- Africa
Company Profiles: Company profiles give a glimpse of the key players in the market with respect to business overview, financials, product offerings, and recent developments. In this new edition of the Hydrogen providers such as Siemens (Germany), Linde plc (Ireland), ENGIE (France), Air Liquide (France), and Air Products Inc. (Pennsylvania), among others, have been profiled as they have emerged as key players in recent months due to various investments & expansions, partnerships & collaboration and merger & acquisitions in the Hydrogen generation market. These strategic developments have challenged the status quo of industry leaders, and it was prudent to analyze the changing business landscape.
Market Overview: In the latest edition Market Overview is also updated. The latest version comprises of supply chain overview analyzed keeping pre covid and post covid scenarios in view, YC shift, market map, case study analysis, patent analysis, technology analysis, regulatory landscape, pricing analysis.
The Competitive Leadership Mapping includes information of the 26 players offering Hydrogen generation and how well each Hydrogen generation provider performs in the market. The Competitive Leadership Mapping methodology involves extensive research to identify the key vendors of hydrogen generation. A comprehensive list of the Hydrogen producers was prepared by referring to annual reports, press releases, investor presentations of companies; white papers; directories; and databases. Based on the breadth of the product offering, organization size, and other criteria, the list was narrowed down to the top 26 providers. Competitive benchmarking has been done for all the companies, and the companies have been categorized as stars, emerging leaders, pervasive, and participants.
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Market share analysis was done for the top 5 companies. The parameters considered for market share analysis was revenue breakdown analysis of companies. Other parameters considered for the analysis were organic and inorganic growth strategies, the regional reach of the companies, and the depth and width of the product offering.
Recent Market Developments:
- In March 2022, Air Products Inc. announced constructing and operating the new green liquid hydrogen production plant in Casa Grande, Arizona. It will be zero-carbon liquid hydrogen facility and will stream in the market by 2023.
- In January 2022, Linde plc signed an agreement with Yara to construct and deliver a 24 MW green hydrogen plant.
