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Global Hydrogen Generation Market Outlook, 2027

Global Hydrogen Generation Market Outlook, 2027

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 (0.00005% in 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 & Water). In order to obtain pure hydrogen for industrial applications, the commonly three processes by which hydrogen is being produced, i.e. Steam methane reforming, Coal gasification & Electrolysis. As raw materials, natural gas and coal-like fossil fuels are used to get hydrogen. But by this process, the harmful gas for environment i.e. CO2 is produced in a large amount. Recently it is 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 fertilizer 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 & coal gasification is known as grey hydrogen but the produced hydrogen and carbon is captured, stored & utilized is known as blue hydrogen. One of the advanced techniques to generate hydrogen is via ‘electrolysis’ (refers to water electrolysis) without the emission of CO2 into the atmosphere. The produced green hydrogen amount is ignorable compared with others. But it is generated from renewable energy sources like solar & wind and other nuclear resources. The equipment which is used is known as 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 would be down. The developing countries around the world are already entered and published their strategy to generate hydrogen via the electrolysis of water. Hence hydrogen generation has exponential growth in the future. The governments are also investing funds for the plants.

According to the report title “Global Hydrogen Generation Market Outlook, 2027”, published by Bonafide Research, the market size of the Global Hydrogen Generation Market is expected to grow with a CAGR of around 5.8% in the forecasted year of 2027.

Hydrogen is demanded in a variety of industrial applications, petroleum refineries, power generation, DRI, and transportation. The transportation segment has remarkable future demand as the EVs and Hydrogen fuel cell vehicles are entering the roads. Though 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. As the ell-developing countries like China, Japan & Korea are heavily working related to this field. South Korea is the leader in the automotive fuel cell market contributing 25% market share. Europe has more than 40% of installed electrolyser capacity around the globe followed by Canada & China. The Americas and the Middle East have also started the approach to get the leading 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.

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
• Europe
• Asia-Pacific
• Latin America
• Middle-East & Africa

Technical types of Hydrogen Generation in the report:
• Steam Methane Reforming
• Coal Gasification
• Others (Electrolysis,)

By Application Type 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, analysing 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.

This report would help you answer the following questions:
1. At what rate the global Hydrogen Generation market will grow in forecast period?
2. What are the techniques of hydrogen generation?
3. What are the major reasons which lead to demand for Hydrogen Generation?
4. Which application has the highest demand for hydrogen in the market?
5. What is the impact of COVID-19 on the global Hydrogen Generation market?
6. Which system type has huge market share?
Table of Contents

1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Top Natural Gas Producing Countries
6. Global Top Coal Producing Countries
7. Global Hydrogen Generation Market Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share
7.2.1. By Region
7.2.2. By Country
7.2.3. By Technology
7.2.4. By Application
7.2.5. By System Type
7.2.6. By Energy Source
7.2.7. By Color Code
8. North America Hydrogen Generation Market Outlook
8.1. Market Size
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share
8.2.1. By Country
8.2.2. By Technology
8.2.3. By Application
8.3. US Hydrogen Generation Market Outlook
8.3.1. Market Size By Value
8.3.2. Market Share By Technology By Application
8.4. Canada Hydrogen Generation Market Outlook
8.4.1. Market Size By Value
8.4.2. Market Share By Technology By Application
8.5. Mexico Hydrogen Generation Market Outlook
8.5.1. Market Size By Value
8.5.2. Market Share By Technology By Application
9. Europe Hydrogen Generation Market Outlook
9.1. Market Size
9.1.1. By Value
9.1.2. By Volume
9.2. Market Share
9.2.1. By Country
9.2.2. By Technology
9.2.3. By Application
9.3. Germany Hydrogen Generation Market Outlook
9.3.1. Market Size By Value
9.3.2. Market Share By Technology By Application
9.4. UK Hydrogen Generation Market Outlook
9.4.1. Market Size By Value
9.4.2. Market Share By Technology By Application
9.5. France Hydrogen Generation Market Outlook
9.5.1. Market Size By Value
9.5.2. Market Share By Technology By Application
9.6. Italy Hydrogen Generation Market Outlook
9.6.1. Market Size By Value
9.6.2. Market Share By Technology By Application
9.7. Spain Hydrogen Generation Market Outlook
9.7.1. Market Size By Value
9.7.2. Market Share By Technology By Application
9.8. Russia Hydrogen Generation Market Outlook
9.8.1. Market Size By Value
9.8.2. Market Share By Technology By Application
10. Asia-Pacific Hydrogen Generation Market Outlook
10.1. Market Size
10.1.1. By Value
10.1.2. By Volume
10.2. Market Share
10.2.1. By Country
10.2.2. By Technology
10.2.3. By Application
10.3. China Hydrogen Generation Market Outlook
10.3.1. Market Size By Value
10.3.2. Market Share By Technology By Application
10.4. Japan Hydrogen Generation Market Outlook
10.4.1. Market Size By Value
10.4.2. Market Share By Technology By Application
10.5. India Hydrogen Generation Market Outlook
10.5.1. Market Size By Value
10.5.2. Market Share By Technology By Application
10.6. Australia Hydrogen Generation Market Outlook
10.6.1. Market Size By Value
10.6.2. Market Share By Technology By Application
10.7. South Korea Hydrogen Generation Market Outlook
10.7.1. Market Size By Value
10.7.2. Market Share By Technology By Application
11. Latin America Hydrogen Generation Market Outlook
11.1. Market Size
11.1.1. By Value
11.1.2. By Volume
11.2. Market Share
11.2.1. By Country
11.2.2. By Technology
11.2.3. By Application
11.3. Brazil Hydrogen Generation Market Outlook
11.3.1. Market Size By Value
11.3.2. Market Share By Technology By Application
11.4. Argentina Hydrogen Generation Market Outlook
11.4.1. Market Size By Value
11.4.2. Market Share By Technology By Application
11.5. Colombia Hydrogen Generation Market Outlook
11.5.1. Market Size By Value
11.5.2. Market Share By Technology By Application
12. Middle East & Africa Hydrogen Generation Market Outlook
12.1. Market Size
12.1.1. By Value
12.1.2. By Volume
12.2. Market Share
12.2.1. By Country
12.2.2. By Technology
12.2.3. By Application
12.3. UAE Hydrogen Generation Market Outlook
12.3.1. Market Size By Value
12.3.2. Market Share By Technology By Application
12.4. Saudi Arabia Hydrogen Generation Market Outlook
12.4.1. Market Size By Value
12.4.2. Market Share By Technology By Application
12.5. South Africa Hydrogen Generation Market Outlook
12.5.1. Market Size By Value
12.5.2. Market Share By Technology By Application
13. Market Dynamics
13.1. Key Drivers
13.2. Key Challenges
14. Market Trends and Developments
14.1. XXXXXX
14.2. XXXXXX
14.3. XXXXXX
15. Company Profiles
15.1. Hydrogenics Corp (HYGS)
15.2. Messer Group GmbH
15.3. LNI Swissgas SA
15.4. McPhy Energy S.A.
15.5. Linde Plc
15.6. Air Products and Chemicals, Inc.
15.7. Air Liquide
15.8. Ally Hi-Tech Co.,Limited
15.9. INOX-Air Products Inc.
15.10. Weldstar, Inc.
16. Strategic Recommendations
17. Disclaimer

Report Title: Global Hydrogen Generation Market Outlook, 2027

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