PUBLISHER: Grand View Research | PRODUCT CODE: 1170864
PUBLISHER: Grand View Research | PRODUCT CODE: 1170864
Colombia Hydrogen Generation Market Size, Share & Trends Analysis Report By Systems (Merchant, Captive), By Technology (Steam Methane Reforming, Coal Gasification), By Application, And Segment Forecasts, 2022 - 203
Colombia Hydrogen Generation Market Growth & Trends:
The Colombia hydrogen generation market size is expected to reach USD 766.97 million by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 10.6% from 2022 to 2030. The growth can be attributed to the rising demand for cleaner fuel and increasing governmental regulations for the desulphurization of petroleum products. Hydrogen is an effective energy carrier, which is expected to contribute significantly to its further penetration into newer markets. Colombia's electricity demand is anticipated to witness an increase of nearly two-thirds of the current demand over the forecast period. Focus on projects related to distributed power & utility is anticipated to bolster the demand for hydrogen generation in the country.
The steam methane reforming segment was dominant in 2021 with a revenue share of 95.21% and is expected to continue leading over the forecast period. Steam methane reforming is a method for producing hydrogen, along with other gases including carbon monoxide and carbon dioxide. The steam methane reforming process is a mature and advanced technology in hydrogen generation. The growing demand for hydrogen generation across Colombia is a crucial driving factor for steam methane reformers technology, as steam methane reforming is the most economical method for hydrogen generation.
Based on application, the ammonia production segment led the market in 2021 with a share of more than 50.0%. The ammonia segment will keep its lead during the forecast period. The future growth of the hydrogen generation industry is anticipated to have steady growth as application cases for hydrogen increase. For instance, the development of a renewable ammonia project near the city of Barranquilla, on Colombia's Caribbean coast, has been agreed to by local power company Alumbrado Publico Barranquilla (APBAQ) and Colombian fertilizer manufacturer Monomeros. A 350 MW offshore wind farm supported by Copenhagen Infrastructure Partners will power the manufacturing of ammonia and is anticipated to start producing power in 2026. The Colombian government unveiled an ambitious offshore wind energy program in March. The Caribbean coast holds the majority of the 50 GW potential.
Based on systems, the captive generation segment led the market in 2021. Captive generation of hydrogen is defined as on-site generation that abolishes several problems linked to the conveyance and distribution of hydrogen, and therefore the market is expected to grow substantially. Captive hydrogen production is the most commonly used supply route in Colombia and neighboring countries and the region is engaged with small volumes of merchant hydrogen production. The captive generation segment is expected to keep its lead during the forecast period.
Growing investments in smart "energy-saving" residential and commercial buildings are expected to provide an impetus toward the adoption of hydrogen for energy generation. Hydrogen is a financially viable option to investors as they also comply with federal and environmental regulations, catering to the ever-increasing demand for energy. Factors including shifting trends toward cleaner energy and favorable government regulations are contributing to the development of the market for hydrogen generation in Colombia.
Colombia Hydrogen Generation Market Report Highlights:
- In terms of revenue, the steam methane reforming segment accounted for a prominent share in 2021 and is further expected to witness steady growth over the forecast period
- The ammonia production segment accounted for a leading share of more than 50.0% in terms of revenue in 2021
- Various strategic initiatives were recorded over the past few years to boost the growth of the market. For instance, The Colombian government has released a Hydrogen Roadmap that lays out the next 30 years (until 2050) for the research, generation, and use of hydrogen as a cleaner energy source and supports Colombia's move toward clean energy
- The Inter-American Development Bank (IDB) provided funding for the development of the regulatory sandbox of this plan, which was created with the assistance of the consulting firm i-deals. The roadmap aims to give Colombia the resources it needs to benefit from the wind and solar energy projects it has been creating, due to a strong regulatory environment that includes significant tax advantages
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.3.3 Secondary Sources
- 1.3.4 Third-Party Perspective
- 1.3.5 Primary Research
- 1.4 Information Analysis
- 1.4.1 Data Analysis Models
- 1.5 Market Formulation and Data Visualization
- 1.6 Data Validation and Publishing
Chapter 2 Executive Summary
- 2.1 Market Outlook
- 2.2 Segmental Outlook
- 2.3 Competitive Insights
- 2.4 Market Summary
Chapter 3 Market Variables, Trends & Scope
- 3.1 Penetration & growth prospect mapping, 2019 - 2030
- 3.2 Value Chain Analysis
- 3.3 Technology Overview
- 3.3.1 Steam Methane Reforming Technology Analysis
- 3.3.2 Coal Gasification Technology Analysis
- 3.3.3 Electrolysis Technology Overview
- 3.3.4 Pyrolysis technology overview
- 3.3.5 Performance Parameters
- 3.4 Regulatory Framework
- 3.4.6 Tax Rebate for Corporation
- 3.4.7 List of Regulators or Associated Agencies
- 3.4.8 Standards and Compliances
- 3.5 Market Dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Shifting Trend Toward Cleaner Energy
- 3.5.1.2 Favorable Government Regulations
- 3.5.1.3 High Natural Gas Production
- 3.5.2 Market Restraint Analysis
- 3.5.2.1 Sluggish development of distribution channels in Colombia
- 3.5.2.2 High production cost
- 3.5.3 Market Opportunity Analysis
- 3.5.4 Recent Developments in Green Hydrogen
- 3.5.1 Market Driver Analysis
- 3.6 Industry Analysis - Porter's
- 3.7 PESTEL analysis
- 3.8 Impact of coronavirus on the Hydrogen Generation Market
- 3.8.1 Impact Verdict - Medium
- 3.9 Eastern European Geopolitical Implications
- 3.10 Comparative Analysis - Conventional vs Renewable, 2021
- 3.11 Comparative Analysis - Conventional vs Renewable, 2021
Chapter 4 Colombia Hydrogen Generation Market: Technology Estimates & Trend Analysis
- 4.1 Definition & Scope
- 4.2 Colombian Hydrogen Generation Market: Application Movement Analysis, 2021 & 2030
- 4.3 Steam Methane Reforming
- 4.3.1 Colombia Hydrogen Generation market estimates and forecasts, By Steam methane reforming, 2019 - 2030
- 4.4 Coal Gasification
- 4.4.1 Colombia Hydrogen Generation market estimates and forecasts, By Coal Gasification reforming, 2019 - 2030
- 4.5 Others
- 4.5.1 Hydrogen Generation market estimates and forecasts, By Other Technologies, 2019 - 2030
Chapter 5 Colombia Hydrogen Generation Market: Application Estimates & Trend Analysis
- 5.1 Definition & Scope
- 5.2 Colombia Hydrogen Generation Market: Application movement analysis, 2021 & 2030
- 5.3 Methanol production
- 5.3.1 Colombia Hydrogen Generation market estimates and forecasts in Methanol production, 2019 - 2030 (Kilotons) (USD Million)
- 5.4 Ammonia Production
- 5.4.1 Colombia Hydrogen Generation Market estimates & forecast in Ammonia Production, 2019 - 2030
- 5.5 Petroleum Refining
- 5.5.1 Colombia Hydrogen Generation Market estimates & forecast in Petroleum Refining, 2019 - 2030
- 5.6 Transportation
- 5.6.1 Colombia Hydrogen Generation Market estimates & forecast in Transportation, 2019 - 2030
- 5.7 Power Generation
- 5.7.1 Colombia Hydrogen Generation Market estimates & forecast in Power Generation, 2019 - 2030
- 5.8 Others
- 5.8.1 Colombia Hydrogen Generation Market estimates & forecast in Other Applications, 2019 - 2030
Chapter 6 Colombia Hydrogen Generation Market: System Estimates & Trend Analysis
- 6.1 Definition & Scope
- 6.2 Colombia Hydrogen Generation Market: System Movement Analysis, 2021 & 2030
- 6.3 Captive
- 6.3.1 Colombia hydrogen generation market estimates and forecasts, for captive system, 2019 - 2030
- 6.4 Merchant
- 6.4.1 Colombia hydrogen generation market estimates and forecasts, for Merchant system, 2019 - 2030
Chapter 7 Competitive Landscape
- 7.1 Recent Developments & Their Impact on the Industry
- 7.2 Vendor Landscape
- 7.2.1 List of Key Distributors and Channel Partners
- 7.2.2 Company Market Position Analysis
Chapter 8 Company Profiles
- 8.1 Linde plc
- 8.1.1 Company Overview
- 8.1.2 Product Benchmarking
- 8.1.3 Financial Performance
- 8.1.4 Strategic Initiatives
- 8.2 Air Products and Chemicals, Inc.
- 8.2.1 Company Overview
- 8.2.2 Product Benchmarking
- 8.2.3 Financial Performance
- 8.2.4 Strategic Initiatives
- 8.3 Air Liquide International S.A.
- 8.3.1 Company Overview
- 8.3.2 Product Benchmarking
- 8.3.3 Financial Performance
- 8.3.4 Strategic Initiatives
- 8.4 Messer SE & Co. KGaA
- 8.4.1 Company Overview
- 8.4.2 Product Benchmarking
- 8.4.3 Financial Performance
- 8.4.4 Strategic Initiatives
- 8.5 SOL SpA
- 8.5.1 Company Overview
- 8.5.2 Financial Performance
- 8.5.3 Product Benchmarking
- 8.6 Claind srl
- 8.6.1 Company Overview
- 8.6.2 Product Benchmarking
- 8.6.3 Strategic Initiatives
- 8.7 HYGEAR
- 8.7.1 Company Overview
- 8.7.2 Product Benchmarking
- 8.7.3 Strategic Initiatives
- 8.8 Siemens Energy
- 8.8.1 Company Overview
- 8.8.2 Product Benchmarking
- 8.8.3 Financial Performance
- 8.8.4 Strategic Initiatives
- 8.9 Engie
- 8.9.1 Company Overview
- 8.9.2 Product Benchmarking
- 8.9.3 Financial Performance
- 8.9.4 Strategic Initiatives
- 8.10 Cummins Inc.
- 8.10.1 Company Overview
- 8.10.2 Product Benchmarking
- 8.10.3 Financial Performance
- 8.10.4 Strategic Initiatives
- 8.11 AMERICA CONSULTING GROUP S.A.S - AC GROUP SAS
- 8.11.1 Company Overview
- 8.11.2 Product Benchmarking
- 8.12 Petroleos del Peru
- 8.12.1 Company Overview
- 8.12.2 Product Benchmarking
- 8.12.3 Financial Performance:
- 8.12.4 Strategic Initiatives
- 8.13 Embrapa - Brazilian Agricultural Research Corporation
- 8.13.1 Company Overview
- 8.13.2 Product Benchmarking
- 8.13.3 Financial Performance
List of Tables
- Table 1 Comparative analysis of Fuel Cells
- Table 2 Regulators and Associated agencies
- Table 3 Standards and compliances,
- Table 4 Colombia Hydrogen Generation market estimates & forecast, in Steam Methane Reforming, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 5 Colombia Hydrogen Generation market estimates & forecast, in Coal Gasification Reforming, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 6 Colombia Hydrogen Generation market estimates & forecast, in Other Technologies, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 7 Colombia Hydrogen Generation market estimates & forecast, in Methanol Production, 2019 - 2030 (Kilotons) (USD Million)
- Table 8 Colombia Hydrogen Generation market estimates & forecast, in Ammonia Production, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 9 Colombia Hydrogen Generation market estimates & forecast, in Petroleum Refining, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 10 Colombia Hydrogen Generation market estimates & forecast, in transportation, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 11 Colombia Hydrogen Generation market estimates & forecast, in Power Generation, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 12 Colombia Hydrogen Generation market estimates & forecast, in Other Applications, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 13 Colombia Hydrogen Generation market estimates & forecast, for Captive Systems, 2019 - 2030 (USD Million) (Kilo Tons)
- Table 14 Colombia Hydrogen Generation market estimates & forecast, for Merchant Systems, 2019 - 2030 (USD Million) (Kilo Tons)
List of Figures
- Fig. 1 Hydrogen Generation market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research process
- Fig. 5 Primary research approaches
- Fig. 6 Colombia Hydrogen Generation Market - Market snapshot, 2021 (USD Million)
- Fig. 7 Colombia Hydrogen Generation Market - Penetration & growth prospect mapping
- Fig. 8 Hydrogen Generation Market - Industry value chain analysis
- Fig. 9 Marker driver impact analysis
- Fig. 10 Market restraints impact analysis
- Fig. 11 Colombia Hydrogen Generation market analysis - Porter's
- Fig. 12 Hydrogen Generation market analysis - PESTEL analysis
- Fig. 13 Colombia Total Energy Consumption, 2021 (% share)
- Fig. 14 Colombia Total Renewable Energy Consumption, 2021 (% share)
- Fig. 15 Colombia Hydrogen Generation Market - Application Movement Analysis, 2021 & 2030
- Fig. 16 Colombia Hydrogen Generation Market: Application movement analysis, 2021 & 2030
- Fig. 17 Colombia Hydrogen Generation Market - System Movement Analysis, 2021 & 2030
- Fig. 18 Four quadrant positioning of vendors
