Hydrogen Generation Global Market Report 2023

“Hydrogen Generation Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hydrogen generation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for hydrogen generation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hydrogen generation market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: On-Site; Portable

• 2) By Source: Blue Hydrogen; Gray Hydrogen; Green Hydrogen

• 3) By Generation And Delivery Mode: Captive; Merchant

• 4) By Technologies: Steam Methane Reforming; Coal Gasification; Electrolysis; Partial Oxidation

• 5) By Application: Methanol Production; Ammonia Production; Petroleum Refining; Transportation; Power Generation; Other Applications

• Companies Mentioned: Air Liquide S.A.; Air Products Inc.; Iwatani Corporation; McPhy Energy S.A.; Messer Group

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the hydrogen generation market are: Air Liquide S.A., Air Products Inc., Iwatani Corporation, McPhy Energy S.A., Messer Group, Atawey, Enapter S.r.l., Hiringa Energy Limited, SOL Group, INOX Air Products Ltd., Ally Hi-Tech Co. Ltd., Cummins Inc., ITM Power, Matheson Tri-Gas Inc. and FuelCell Energy.

The global hydrogen generation market is expected to grow from $131.21 billion in 2022 to $142.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen generation market is expected to grow to $195.50 billion in 2027 at a CAGR of 8.2%.

The hydrogen generation market consists of sales of brown hydrogen, yellow hydrogen, turquoise hydrogen, and pink hydrogen. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Hydrogen generation refers to the process of generating hydrogen from a variety of domestic sources, such as biomass, fossil fuels, and water electrolysis.

Asia Pacific was the largest region in the hydrogen generation market in 2022. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of hydrogen generation include on-site and portable. The sources include blue hydrogen, gray hydrogen, and green hydrogen generated and delivered by captive, merchants with different technologies such as steam methane reforming, coal gasification, electrolysis, and partial oxidation used in various applications such as methanol production, ammonia production, petroleum refining, transportation, power generation, and other applications.

The increasing demand for hydrogen in the industrial sector is expected to propel the growth of the hydrogen generation market going forward. The industrial sector refers to a sector of the economy made up of companies that assist other companies in the production, transportation, or manufacture of their goods. The industrial sector uses a large amount of hydrogen as it is a component of many chemical products and is used in hydrocracking, which produces petroleum products including gasoline and diesel. For instance, in September 2022, according to International Energy Agency, a France-based autonomous intergovernmental organization, in 2021, the global demand for hydrogen increased by 5% to 94 Mt, primarily due to increased activity in the chemical and refining industries. In addition, the historical peak of 91 Mt for hydrogen consumption in 2019 was reached 2019. The demand for hydrogen-based DRI, electricity, buildings, high-temperature heat in industry, transportation, and other new uses increased by 60% in 2021 to reach about 40 kt H2. Therefore, increasing demand for hydrogen in the industrial sector is driving the growth of the hydrogen generation market.

The development of green hydrogen production technologies is a key trend gaining popularity in the hydrogen generation market. Major companies operating in the hydrogen generation market are developing technologies to sustain their position in the market. For instance, in March 2022, Honeywell International, a US-based technology company, developed a new catalyst-coated membrane (CCMs) technology for green hydrogen production. The Proton Exchange Membrane (PEM) and Anion Exchange Membrane (AEM) CCMs are the focus of the new Honeywell technology. The unique features of Honeywell's most recent CCMs demonstrated the ability to increase electrolyzer efficiency and electric current density and a groundbreaking, unique membrane with strong ionic conductivity and high activity. The cost of the electrolyzer stack is expected to decrease by 25% as a result.

In April 2020, Air Products, a US-based chemical industry company completed acquisition of five steam methane reformer (SMR) hydrogen production plants from PBF Energy Inc., for $530 million. Through this deal, Air Products increases its capacity of almost 300 million standard cubic feet per day that are located in Torrance and Martinez, California and Delaware City, Delaware. PBF Energy Inc. is a US-based petroleum refineries company.

The countries covered in the Hydrogen Generation market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hydrogen generation market research report is one of a series of new reports from The Business Research Company that provides hydrogen generation market statistics, including hydrogen generation industry global market size, regional shares, competitors with a hydrogen generation market share, detailed hydrogen generation market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen generation industry. This hydrogen generation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.