Home / Oil and Gas / Hydrogen Generation Market By Source (Natural Gas, Coal, Oil, Electrolysis), By Generation & Delivery Mode (By-Product Production, Gaseous Production, Liquid Production, Captive Production, Merchant Production), By Technology (Gasification, Electrolysis, Partial Oxidation, Others), By Application (Chemical Processing, Petroleum Refining & Recovery, Automotive Fuels, Methanol Production, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Hydrogen Generation Market By Source (Natural Gas, Coal, Oil, Electrolysis), By Generation & Delivery Mode (By-Product Production, Gaseous Production, Liquid Production, Captive Production, Merchant Production), By Technology (Gasification, Electrolysis, Partial Oxidation, Others), By Application (Chemical Processing, Petroleum Refining & Recovery, Automotive Fuels, Methanol Production, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Published: Jan 2020 | Published By: Acute Market Reports

Key Market Insights

"Fuelling demand of Hydrogen over Conventional Fuel expected to boost the Hydrogen Generation Market over the coming years"

The global hydrogen generation market value surged from US$ 121.6 Bn in the year 2018 and expected to reach US$ 228.9 Bn by year 2027, expanding at a CAGR of 7.3% during the forecast from 2019 to 2027.

Hydrogen has unique capabilities and significant potential in low carbon energy future due to its abundance in the earth’s atmosphere and lightest of all elements. Its potential in a low carbon energy future is largely driven by three characteristics. First, efficient energy carrier and storage medium due to high specific energy content by weight. Second, the combustion of hydrogen produces only water and heat. Last, electric energy can be produced by hydrogen or vice-versa. Through fuel cell process oxygen and hydrogen can be converted into water and electrical energy. However, high production cost coupled with lack of proper distribution channels worldwide are some of the prime factors that hinder the global adoption of hydrogen. Presently, 5000 miles of hydrogen pipelines are available globally.

 

Technology Analysis

"Steam Reforming Segment held Largest Market Revenue Share in the year 2018"

In 2018, steam reforming held the largest revenue shares in the global hydrogen generation market. The significant share of the segment is mainly due to its application in hydrogen production from conventional resources such as natural gas. Natural gas is a significant source of hydrogen and held nearly 50% of share in the global hydrogen production. In addition, steam reforming method provides the highest conversion efficiency of about 70-80% and improved operational and economic benefits, thus many industries and refinery plants use it for commercial purposes.

Application Analysis

"Automotive Fuel anticipated to register fastest growth during the Forecast Period"

Automotive fuel is the most lucrative application segment in the hydrogen generation market. The segment growth is mainly attributed to the increasing demand for fuel cell vehicles globally. As per February 2019, a report of the United States Department of Energy (U.S. DoE) declares that the total number of on-road fuel cell vehicles in America has grown from 4,000 in 2015 to 6,500. In addition, Hydrogen Council has set global targets for fuel cell vehicles by 2030 of 350,000 commercial trucks, 50,000 buses, thousands of trains and ships, and 1 in 12 cars sold in California, Germany, Japan, and South Korea.

The automotive sector is among the major contributor for emissions. Significant government regulations towards controlling the carbon emission favor the growth of hydrogen-powered vehicles. In wake of same, recently, Hydrogen Council announced a strict vision for 2050 with 18% of hydrogen energy share in the total energy consumption that would reduce the Green House Gas (GHG) emission by 20% worldwide.

Regional Analysis

"Asia Pacific acquire Major Share in the Global Hydrogen Generation Market"

In 2018, Asia Pacific is the major revenue contributor in the global hydrogen generation market. An increasing number of refinery projects to fulfill the growing demand for fuels in China, India, and South Korea are the key factors that drive the market in the Asia region. As per Stratas Advisors, five integrated refinery projects were completed in 2019 and two are under construction. The refining industry of Asia Pacific is planning to add 1.61 million barrels per day (bpd) to meet the increasing oil demand in the region.

China is the fastest adopter of hydrogen energy and fuel cells. In 2019, the installed capacity of hydrogen fuel cells increased by six times during the starting seven months of the year. Moreover, China is the world’s largest hydrogen producer with a production capacity of 22 million tons per year. This has empowered China to build a hydrogen city with an average investment of US$ 290 million that will promote research and development in fuel cells. Further, in March 2019, Japan is planning to deploy 100 hydrogen fuel cell buses and 40,000 fuel cell electric vehicles during the Olympics game 2020 in Tokyo city.

Key Players & Competitive Landscape:

"Increasing use of Hydrogen as a Fuel will spur the Competition in the Global Hydrogen Generation Market"

The global hydrogen generation market is a highly competitive market as players are significantly engaged in developing new and environment-friendly hydrogen extraction technology. Hydrogen as a fuel has capacity to reduce GHG emission to a prominent rate, therefore automobile manufacturers are also innovating hydrogen-powered vehicles to meet the stringent norms for carbon emission.

List of Companies Covered:

  • Air Liquide S.A.
  • Air Products and Chemicals Inc.
  • Iwatani Corporation
  • Hydrogenics
  • Linde Group
  • Praxair Inc.
  • Messer Group GmbH
  • Teledyne Energy Systems Inc.
  • FuelCell Energy Inc.
  • Showa Denko K. K.

Key Industry Development:

  • On September 24, 2019, Toyota Motor Corporation, leading automobile manufacturer of Japan announced to roll out 100 hydrogen fuel cell busses during Olympics game 2020 in Tokyo city, Japan.
  • On June 8, 2017, U.S. Department of Energy (DoE) announced to invest US$ 15.8 million on thirty new projects for the development of fuel cell vehicles and hydrogen production.

Historical & Forecast Period

This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The research study titled hydrogen generation market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all round view of the global hydrogen generation market based on source, generation & delivery mode, technology, application, and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Source Segment (2017–2027; US$ Bn, Mn Metric Tons)
 • Natural Gas
 • Coal
 • Oil
 • Electrolysis

 Generation & Delivery Mode Segment (2017–2027; US$ Bn, Mn   Metric Tons)
 • By-product Production
 • Gaseous Production
 • Liquid Production
 • Captive Production
 • Merchant Production

 Technology Segment (2017–2027; US$ Bn, Mn Metric Tons)
 • Steam reforming of hydrocarbons
 • Gasification
 • Electrolysis
 • Partial Oxidation
 • Others ( Photolysis, Bio photolysis)

 Application Segment (2017–2027; US$ Bn, Mn Metric Tons)
 • Chemical Processing
 • Petroleum Refining & Recovery
 • Automotive Fuels
 • Methanol Production
 • Ammonia Production
 • Others (Aerospace, Electrical & Electronics, Edible fats & oils)

 Geography Segment (2017–2027; US$ Bn, Mn Metric Tons)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the global market size of hydrogen generation in 2017 & 2018?
  • What is estimated forecast and market projections up to 2027?
  • Which is largest regional market for hydrogen generation?
  • Which source is largely preferred for hydrogen generation?
  • Which is the most lucrative application segment of hydrogen generation?
  • Which are the predominant trends shaping the global hydrogen generation market?
  • Which is the most promising, attractive, and less-explored region in the global hydrogen generation market?
  • Who are the leading vendors in the global hydrogen generation market?
  • What are the premiere strategies adopted by the leading vendors in the global hydrogen generation market?

TABLE 1 Market Snapshot: Global Hydrogen Generation (HG) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global HG Market, by Source, 2017–2027 (US$ Bn, Mn Metric Tons)
TABLE 5 Global HG Market, by Generation & Delivery Mode, 2017–2027 (US$ Bn, Mn Metric Tons)
TABLE 6 Global HG Market, by Technology, 2017–2027 (US$ Bn, Mn Metric Tons)
TABLE 7 Global HG Market, by Application, 2017–2027 (US$ Bn, Mn Metric Tons)
TABLE 8 Global HG Market, by Geography, 2017–2027 (US$ Bn, Mn Metric Tons)
TABLE 9 Global HG Production Market, by Geography, 2017–2027 (Mn Metric Tons)
TABLE 10 Global HG Market, Import-Export Analysis, 2017–2027 (Mn Metric Tons)
TABLE 11 North America HG Market, by Source, 2017–2027 (US$ Bn)
TABLE 12 North America HG Market, by Generation & Delivery Mode, 2017–2027 (US$ Bn)
TABLE 13 North America HG Market, by Technology, 2017–2027 (US$ Bn)
TABLE 14 North America HG Market, by Application, 2017–2027 (US$ Bn)
TABLE 15 North America HG Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 16 Europe HG Market, by Source, 2017–2027 (US$ Bn)
TABLE 17 Europe HG Market, by Generation & Delivery Mode, 2017–2027 (US$ Bn)
TABLE 18 Europe HG Market, by Technology, 2017–2027 (US$ Bn)
TABLE 19 Europe HG Market, by Application, 2017–2027 (US$ Bn)
TABLE 20 Europe HG Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific HG Market, by Source, 2017–2027 (US$ Bn)
TABLE 22 Asia Pacific HG Market, by Generation & Delivery Mode, 2017–2027 (US$ Bn)
TABLE 23 Asia Pacific HG Market, by Technology, 2017–2027 (US$ Bn)
TABLE 24 Asia Pacific HG Market, by Application, 2017–2027 (US$ Bn)
TABLE 25 Asia Pacific HG Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 26 Rest of the World HG Market, by Source, 2017–2027 (US$ Bn)
TABLE 27 Rest of the World HG Market, by Generation & Delivery Mode, 2017–2027 (US$ Bn)
TABLE 28 Rest of the World HG Market, by Technology, 2017–2027 (US$ Bn)
TABLE 29 Rest of the World HG Market, by Application, 2017–2027 (US$ Bn)
TABLE 30 Rest of the World HG Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 31 Air Liquide S.A.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 32 Air Products and Chemicals Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 33 Iwatani Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 34 Hydrogenics : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 35 Linde Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 36 Praxair Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 37 Messer Group GmbH: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 38 Teledyne Energy Systems Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 39 FuelCell Energy Inc. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 40 Showa Denko K. K. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

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