Hydrogen Generation Market by Generation, Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation), Technology (Steam Reforming, Water Electrolysis, & Others), Storage, and Region - Global Forecast to 2023
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Request For Special Pricing[221 Pages Report] MarketsandMarkets forecasts the hydrogen generation market to grow from USD 135.5 billion in 2018 to USD 199.1 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period. The major factors driving the hydrogen generation market include the growing demand to decarbonize energy end-use, government regulation for desulphurization of refinery activities, and increased demand for hydrogen in the transportation sector. The objective of the report is to define, describe, and forecast the global hydrogen generation market by generation & delivery mode, technology, application, storage, and region.
By technology, steam reforming segment is expected to dominate the hydrogen generation market during the forecast period
The report segments the hydrogen generation market, by technology, into steam reforming (methane), partial oxidation (oil), gasification (coal), and electrolysis of water. The steam reforming technology is expected to hold the largest market share by 2023. Steam reforming is an advanced and mature technology for hydrogen production and uses high-temperature steam to produce hydrogen from conventional sources such as natural gas. Most of the large central oil and gas refinery plants and industries typically use steam reforming for hydrogen generation. Factors such as improved economic benefits and operational benefits such as high conversion efficiency provided by steam reforming technology are expected to drive the market.
By application, the transportation segment is expected to grow at the highest CAGR during the forecast period
The transportation application segment is expected to grow at the highest rate during the forecast period. The market growth in this segment can be attributed to the increase in fuel cell vehicle sales including FCEV and fuel cell buses in North America and Asia Pacific regions. Countries such as Japan, China, and South Korea have proposed strong fuel cell based vehicle implementation commitments to reduce the growing dependency on gasoline fuel imports. Moreover, the development of supporting infrastructure such as hydrogen refueling stations is also expected to drive the market in these regions.
By generation & delivery mode, merchant segment is expected to grow at a high CAGR during the forecast period
Merchant-based hydrogen generation is the fastest growing segment in the hydrogen generation market. The merchant-based hydrogen can be produced by water electrolysis and natural gas processes. This method of distributed hydrogen generation reduces the need for transportation of fuel and construction of new hydrogen generation infrastructure. Hence, merchant-based hydrogen generation is expected to grow at a high CAGR during the forecast period.
By storage, on-board storage segment is expected to hold the largest market during the forecast period
The on-board storage segment held the largest share in the hydrogen generation market. It is an established technology for storing hydrogen through compression via pressurization in steel or carbon composite cylinders. Hydrogen that is stored in this method is typically in gaseous or liquid state. Due to physical characteristics of hydrogen, onboard storage methods use special alloys or composite fiber reinforced containers. Hydrogen stored in this compressed mode is typically used in on-board mobile applications such as vehicles for road transportation, stationary application for dispensing hydrogen at refueling stations, and at sites for stationary power generation.
Asia Pacific is expected to account for the largest market size during the forecast period
In this report, the global hydrogen generation market has been analyzed with respect to 6 regions, namely, North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The market in Asia Pacific is estimated to be the largest market of hydrogen generation from 2018 to 2023. Increasing refinery operations to meet the growing demand for fuels in India, South Korea, and China are expected to drive the growth of the market. Moreover, China is building a hydrogen city with an investment of 290 million that will focus on promoting research and development of fuel cells, step up building hydrogen stations, and achieve the mass production of fuel cell vehicles by 2020. In addition, Japan has ambitious plans to have 100 fuel cell buses, including vehicles operated by private bus operators, as well as 6,000 fuel cell cars, operating on the citys roads by 2020. These factors would drive the market in the region.
Market Dynamics
Driver: Growing emphasis on decarbonizing energy end-use
Decarbonization means decreasing average carbon intensity of primary energy over time. Decarbonization of the global energy system is one of the biggest challenges faced today and has raised concerns for green energy technology such as hydrogen and related products. Hydrogen is a clean energy fuel and is expected to reduce the dependence on oil in the long term, thereby reducing the emission of greenhouse gases and other pollutants. Hydrogen can be abundantly produced from almost all the energy resources such as biomass, wind energy, solar energy, nuclear energy, and clean fossil fuels. The hydrogen thus produced can be used for power generation and will balance supply and demand in the future energy system.
Rising demand for hydrogen has led to an increase in funding by research institutes, industry, and the European Commission to develop a well-accepted roadmap of hydrogen in the energy system in Europe and Asia. For instance, the European Commission (EC) invested around USD 24 billion in fuel cell technology projects that would be completed in collaboration with several industry players as a part of its Horizon 2020 initiative. Similar investments have also been made in Asia Pacific, predominantly in Japan and South Korea. Furthermore, leading automotive manufacturers have formed various contracts & agreements to advance hydrogen car technologies. For example, Hyundai signed an agreement with Audi in June 2018 to enhance hydrogen car technology and bring down costs to make the technology profitable. All these initiatives are expected to reduce the GHG emission.
Restraint: High energy consumption of hydrogen generation technologies
Hydrogen, which is the most abundant element on earth, does not exist in its free state. Hence, it needs to be separated from chemical compounds using various technologies such as steam methane reforming, partial oxidation of oil, coal gasification, and water electrolysis. Electrolysis of water requires electricity for production of hydrogen, which makes hydrogen more expensive than the fuels it would replace.
Hydrogen is currently costlier than fossil fuels. Globally, the cost of hydrogen ranges between USD 4 and USD 12 per kilogram, as compared to gasoline priced at USD 1.60 to USD 4.80 per gallon. High cost of hydrogen is the biggest barrier. Hydrogen, as a fuel, cannot be commercially viable until its cost comes down. Costs are currently high as hydrogen technologies are relatively new and lack economies of scale along with rising demand. As an enabler of fuel cell technology hydrogen is currently a costlier than IC engines, operated by gasoline which acts as a restraint.
Opportunity: Development of green hydrogen production technologies
Hydrogen the clean energy carrier is not found free in nature. Hence, various technologies are used presently to produce hydrogen, which include steam methane reforming, partial oxidation of oil, coal gasification, and water electrolysis. Most of the hydrogen produced today is used in the petroleum refineries and manufacturing fertilizers. 99% of it comes from fossil fuel reforming as this has been the most economical pathway. However, this does not have any real climate benefits as CO2 is emitted in the process.
Electrolysis of water produces green hydrogen from renewable energy resources such as onshore and offshore wind and solar power. Such green hydrogen finds numerous applications ranging from industrial feedstock to fuel cell vehicles and energy storage. The concept of green hydrogen is still in its early phase and many organizations are investing in setting up new green hydrogen production plants that would help in reducing GHG emissions.
Challenge: Safety concerns of hydrogen
Hydrogen is highly flammable and burns as soon as it comes in contact with air. When hydrogen is in gaseous form, it has to be handled carefully since it can burn the moment it leaks. Currently, most of the hydrogen is consumed as a chemical by industries. However, the use of hydrogen as a fuel has raised safety concerns. There are codes and standards for using hydrogen as a fuel in fuel cells for automobiles, portable, and stationary applications. For instance, US-based trade association National Fire Protection Association (NFPA) has laid the Standard for the Installation of Stationary Fuel Cell Power Systems. However, the usage of hydrogen as a fuel is still in the initial stages. Hence, these codes and standards can inhibit the deployment of hydrogen fuel applications.
Key Market Players
Air Liquide (France), Air Products and Chemicals (US), Iwatani (Japan), Hydrogenics (Canada), Linde (Germany), and Praxair (US). Other players include companies such as Messer Group (Germany), Showa Denko (Japan), Ally Hi-Tech (China), Caloric (Germany), Claind (Italy), Erredue (Italy), HyGear (Netherlands), Nuvera Fuel Cells (US), Proton OnSite (US), Taiyo Nippon Sanso (Japan), Teledyne Energy Systems (US), Xebec (Canada), Ballard Power Systems (Canada), FuelCell Energy (US), and Plug Power (US).
Air Liquide is a leading supplier of industrial gases (hydrogen, oxygen, and nitrogen) to various industries such as chemicals, petrochemicals, refining, steel industries, and healthcare. It operates through 3 business segments, namely, gas & services, global market & technologies, and engineering & construction. The gas & services business segment is further categorized into 4 business lines, namely, electronics, healthcare, large industries, and industrial merchant. Industrial merchant is the most profitable business subsegment with the Americas offering high market growth opportunities followed by Europe and Asia Pacific. The engineering and construction segment designs and constructs hydrogen and synthetic gas production plants and air separation units. Air Liquide has presence in 80 countries and a customer base of more than 3.5 million, globally. In September 2018, Air Liquide inaugurated its 10th hydrogen station in Germany and a new facility in Hobro, Denmark to produce carbon-free hydrogen.
Critical questions the report answers:
- Where will all these developments take the industry in the long term?
- What are the upcoming trends for the hydrogen generation market?
- Which segment provides the most opportunity for growth?
- Who are the leading manufacturers operating in this market?
- What are the opportunities for new market entrants?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 20)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitation
1.7 Stakeholders
2 Research Methodology (Page No. - 24)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 32)
4 Premium Insights (Page No. - 38)
4.1 Attractive Opportunities in the Hydrogen Generation Market During the Forecast Period
4.2 Market, By Generation Type
4.3 Market, By State (Merchant)
4.4 Market, By Generation Delivery Mode
4.5 Market, By Technology
4.6 Market, By Application
4.7 North America: Market
5 Market Overview (Page No. - 43)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Emphasis on Decarbonizing Energy End-Use
5.2.1.2 Government Regulations in Desulphurization
5.2.1.3 Increasing Demand in Transportation Sector
5.2.2 Restraints
5.2.2.1 High Energy Consumption of Hydrogen Generation Technologies
5.2.2.2 Lack of Capex Spending on Hydrogen Channeling and Distribution Infrastructure
5.2.3 Opportunities
5.2.3.1 Development of Green Hydrogen Production Technologies
5.2.3.2 Growing Demand for Hydrogen in Building Heat and Power
5.2.3.3 Increasing Government Support for Hydrogen R&D
5.2.4 Challenges
5.2.4.1 Well Established Infrastructure for Electric Cars
5.2.4.2 Safety Concerns Over Hydrogen
6 Market, By Generation & Delivery Mode (Page No. - 50)
6.1 Introduction
6.2 Captive
6.2.1 On-Site Hydrogen Requirement of Large Refineries and the Ammonia Industry are Expected to Contribute to the Growth of the Market
6.3 Merchant
6.3.1 By Delivery Mode
6.3.1.1 Refineries and Petrochemical Facilities are Expected to Boost the Demand for Hydrogen
6.3.2 By State
6.3.2.1 Gaseous Hydrogen has Higher Demand Compared to Liquid Hydrogen
7 Market, By Technology (Page No. - 58)
7.1 Introduction
7.2 Steam Methane Reforming
7.2.1 Mature Technology and Energy Efficient Process are Propelling the Growth of Steam Methane Reforming
7.3 Partial Oxidation of Oil
7.3.1 Efficient and Proven Technology for Syngas Generation is Driving the Market
7.4 Coal Gasification
7.4.1 The Need to Reduce GHG Emissions From Hydrogen Genration is Propelling The Market
7.5 Electrolysis of Water
7.5.1 Increasing Fuel Cell Usage in Transportation and Power Generation Applications is Driving the Market for Electrolysis Technology
8 Market, By Application (Page No. - 62)
8.1 Introduction
8.2 Petroleum Refinery
8.2.1 North America is Projected to Be the Largest Market for Refinery Hydrogen
8.2.2 By Generation Mode
8.2.2.1 Captive Refinery Hydrogen Generation
8.2.2.2 Merchant Refinery Hydrogen Generation
8.3 Ammonia Production
8.3.1 Asia Pacific is Projected to the Largest and Fastest Growing Market
8.4 Methanol Production
8.4.1 Asia Pacific is Projected to Have the Largest Market Share
8.5 Transportation
8.5.1 Increasing Fuel Cell Vehicles in the Asia Pacific Region Make It the Largest Market
8.6 Power Generation
8.6.1 North America is Projected to Grow the Fastest With Increased Stationary and Portable Fuel Cell Installations
8.7 Other Applications
9 Market, By Storage (Page No. - 76)
9.1 Introduction
9.2 On-Board Hydrogen Storage
9.2.1 Asia Pacific is Projected to Be the Largest Market for On-Board Hydrogen Storage
9.3 Underground Hydrogen Storage
9.3.1 Europe is Projected to Be the Largest Market for Underground Storage
9.4 Power-To-Gas Hydrogen Storage
9.4.1 North America is Projected to Be the Fastest Growing Market for Power-To-Gas Storage
10 Market, By Region (Page No. - 81)
10.1 Introduction
10.2 Asia Pacific
10.2.1 By Generation Mode
10.2.2 By Application
10.2.3 By Country
10.2.3.1 Japan
10.2.3.1.1 Increasing Hydrogen Fuel Cell-Based Vehicles and Support Infrastructure Such as Hydrogen Filling Stations are the Major Market
10.2.3.2 China
10.2.3.2.1 Increased Refinery Demand for Hydrogen and Fuel Cell Vehicles is Expected to Propel the Growth of the Market
10.2.3.3 India
10.2.3.3.1 Increasing Dependence on Fossil Fuel and Ammonia Consumption
10.2.3.4 Australia
10.2.3.4.1 Demand for Low Emission Hydrogen Export to Other Countries is Driving the Growth of the Market
10.2.3.5 Rest of Asia Pacific
10.2.3.5.1 Stringent Regulations for Cleaner Refinery Operations Drive the Market
10.3 North America
10.3.1 By Generation Mode
10.3.2 By Application
10.3.3 By Country
10.3.3.1 US
10.3.3.1.1 Increasing Government Support and Growing Hydrogen Infrastructure are Expected to Drive the Market for Hydrogen Generation
10.3.3.2 Canada
10.3.3.2.1 Increasing Fuel Cell Power Generation Applications is Driving the Market
10.3.3.3 Mexico
10.3.3.3.1 Refinery Operations are Expected to Drive the Market
10.4 Europe
10.4.1 By Generation Mode
10.4.2 By Application
10.4.3 By Country
10.4.3.1 Russia
10.4.3.1.1 Growing Refinery Capacities and the Need for Meeting Cleaner Fuel Regulations is Driving the Market for Hydrogen Generation
10.4.3.2 Germany
10.4.3.2.1 Increasing Fuel Cell-Based Electric Vehicles and Hydrogen Genration Infrastructure Spending are Driving the Market for Hydrogen 109
10.4.3.3 France
10.4.3.3.1 Potential Hydrogen Fuel Cell-Based Power Generation is Expected to Drive the Market for Hydrogen Generation
10.4.3.4 UK
10.4.3.4.1 Growing Fuel Cell-Based Stationary and Portable Power Generation Applications are Expected to Increase the Demand for Hydrogen Generation112
10.4.3.5 Rest of Europe
10.4.3.5.1 Petroleum Refineries are Expected to Drive the Market for Hydrogen Generation
10.5 Middle East
10.5.1 By Generation Mode
10.5.2 By Application
10.5.3 By Country
10.5.3.1 Saudi Arabia
10.5.3.1.1 Hydrogen Requirement in Refineries and Ammonia Production is Expected to Drive the Market
10.5.3.2 Iran
10.5.3.2.1 Increasing Investments in Methanol Manufacturing are Expected to Drive the Market for Hydrogen Generation
10.5.3.3 Qatar
10.5.3.3.1 Need for Cleaner Fuel From Refineries to Drive the Market
10.5.3.4 Rest of Middle East
10.6 Africa
10.6.1 By Generation Mode
10.6.2 By Application
10.6.3 By Country
10.6.3.1 South Africa
10.6.3.1.1 Increasing Need for Ammonia and Cleaner Hydrocarbon Fuels is Driving the Market
10.6.3.2 Rest of Africa
10.7 South America
10.7.1 By Generation Mode
10.7.2 By Application
10.7.3 By Country
10.7.3.1 Brazil
10.7.3.1.1 Growing Ammonia Consumption and Refinery Operations are Expected to Drive the Demand for Hydrogen Generation
10.7.3.2 Argentina
10.7.3.2.1 Increasing Demand for Cleaner Fuel From Petroleum Refinery Operations Would Drive the Market for Hydrogen Generation
10.7.3.3 Rest of South America
11 Competitive Landscape (Page No. - 137)
11.1 Overview
11.2 Ranking of Players and Industry Concentration, 2017
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 Investments & Expansions
11.3.3 New Product Developments
11.3.4 Partnerships
11.3.5 Joint Ventures
11.4 Market: MnM Dive-Vendor Comparison
12 Company Profile (Page No. - 144)
(Business Overview, Product Offering Scorecard, Business Strategy Scorecard, Products Offered, Recent Developments)* (Page No. - )
12.1 Air Liquide
12.2 Air Products and Chemicals
12.3 Fuelcell Energy
12.4 Hydrogenics
12.5 Iwatani
12.6 Linde
12.7 Messer Group
12.8 Plug Power
12.9 Praxair
12.10 Showa Denko
12.11 Taiyo Nippon Sanso
12.12 Xebec
12.13 Ally Hi-Tech
12.14 Ballard Power Systems
12.15 Caloric
12.16 Claind
12.17 Erredue
12.18 Hygear
12.19 Nuvera Fuel Cells
12.20 Proton Onsite
12.21 Teledyne Energy Systems
*Details on Business Overview, Product Offering Scorecard, Business Strategy Scorecard, Products Offered, Recent Developments Might Not Be Captured in Case of Unlisted Companies. (Page No. - )
13 Appendix (Page No. - 212)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (124 Tables)
Table 1 Hydrogen Generation Market Snapshot, By Value
Table 2 GHG Emissions: Hydrogen Fuel vs. Petroleum Products
Table 3 Sulfur Levels in Diesel, By Country, 20112015 (Ppm)
Table 4 Energy Intensity of Hydrogen Generation Process, By Technologies, 2017
Table 5 Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 6 Hydrogen Generation Market Size, By Generation Mode, 20162023 (USD Million)
Table 7 Captive: Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 8 Captive: Market Size, By Region, 20162023 (USD Million)
Table 9 Merchant: Hydrogen Generation Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 10 Merchant: Market Size, By Region, 20162023 (USD Million)
Table 11 Merchant: Market Size, By Delivery Mode, 20162023 (Thousand Metric Tons)
Table 12 Merchant: Market Size, By Delivery Mode, 20162023 (USD Million)
Table 13 Merchant Hydrogen Generation Market, By State, 20162023 (Thousand Metric Tons)
Table 14 Merchant Gas Hydrogen Genration Market, By Region, 20162023 (Thousand Metric Tons)
Table 15 Merchant Liquid Hydrogen Genration Market, By Region,20162023 (Thousand Metric Tons)
Table 16 Hydrogen Generation Market Size, By Technology, 20162023 (Thousand Metric Tons)
Table 17 Hydrogen Genration Market Size, By Technology, 20162023 (USD Million)
Table 18 Hydrogen Genration Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 19 Hydrogen Genration Market Size, By Application, 20162023 (USD Million)
Table 20 Petroleum Refinery: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 21 Petroleum Refinery: Market Size, By Region, 20162023 (USD Million)
Table 22 Refinery Application: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 23 Refinery Application: Market Size, By Generation Mode, 20162023 (USD Million)
Table 24 Captive Refinery: Hydrogen Generation Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 25 Captive Refinery: Market Size, By Region, 20162023 (USD Million)
Table 26 Merchant Refinery: Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 27 Merchant Refinery: Market Size, By Region, 20162023 (USD Million)
Table 28 Ammonia Production: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 29 Ammonia Production: Market Size, By Region, 20162023 (USD Million)
Table 30 Methanol Production: Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 31 Methanol Production: Market Size, By Region, 20162023 (USD Million)
Table 32 Transportation: Hydrogen Generation Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 33 Transportation: Market Size, By Region, 20162023 (USD Million)
Table 34 Power Generation: Hydrogen Generation Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 35 Power Generation: Market Size, By Region, 20162023 (USD Million)
Table 36 Other Applications: Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 37 Other Applications: Market Size, By Region, 20162023 (USD Million)
Table 38 Hydrogen Generation Market Size, By Storage, 20162023 (USD Million)
Table 39 On-Board Hydrogen Storage: Market Size, By Region, 20162023 (USD Million)
Table 40 Underground Hydrogen Storage: Market Size, By Region, 20162023 (USD Million)
Table 41 Power-To-Gas Hydrogen Storage: Market Size, By Region, 20162023 (USD Million)
Table 42 Global Hydrogen Genration Market Size, By Region, 20162023 (Thousand Metric Tons)
Table 43 Global Hydrogen Generation Market Size, By Region, 20162023 (USD Million)
Table 44 Asia Pacific: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 45 Asia Pacific: Hydrogen Generation Market Size, By Generation Mode, 20162023 (USD Million)
Table 46 Asia Pacific: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 47 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 48 Asia Pacific: Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 49 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 50 Japan: Hydrogen Generation Market Size, By Application,20162023 (Thousand Metric Tons)
Table 51 Japan: Market Size, By Application, 20162023 (USD Million)
Table 52 China: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 53 China: Market Size, By Application, 20162023 (USD Million)
Table 54 India: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 55 India: Hydrogen Generation Market Size, By Application, 20162023 (USD Million)
Table 56 Australia: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 57 Australia: Market Size, By Application,20162023 (USD Million)
Table 58 Rest of Asia Pacific: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 59 Rest of Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 60 North America: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 61 North America: Market Size, By Generation Mode, 20162023 (USD Million)
Table 62 North America: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 63 North America: Market Size, By Application, 20162023 (USD Million)
Table 64 North America: Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 65 North America: Hydrogen Generation Market Size, By Country, 20162023 (USD Million)
Table 66 US: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 67 US: Market Size, By Application, 20162023 (USD Million)
Table 68 Canada: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 69 Canada: Market Size, By Application, 20162023 (USD Million)
Table 70 Mexico: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 71 Mexico: Market Size, By Application, 20162023 (USD Million)
Table 72 Europe: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 73 Europe: Market Size, By Generation Mode, 20162023 (USD Million)
Table 74 Europe: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 75 Europe: Market Size, By Application, 20162023 (USD Million)
Table 76 Europe: Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 77 Europe: Market Size, By Country, 20162023 (USD Million)
Table 78 Russia: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 79 Russia: Market Size, By Application, 20162023 (USD Million)
Table 80 Germany: Hydrogen Generation Market Size, By Application,20162023 (Thousand Metric Tons)
Table 81 Germany: Market Size, By Application, 20162023 (USD Million)
Table 82 France: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 83 France: Market Size, By Application, 20162023 (USD Million)
Table 84 UK: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 85 UK: Market Size, By Application, 20162023 (USD Million)
Table 86 Rest of Europe: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 87 Rest of Europe: Market Size, By Application, 20162023 (USD Million)
Table 88 Middle East: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 89 Middle East: Hydrogen Generation Market Size, By Generation Mode, 20162023 (USD Million)
Table 90 Middle East: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 91 Middle East: Market Size, By Application, 20162023 (USD Million)
Table 92 Middle East: Hydrogen Generation Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 93 Middle East: Market Size, By Country, 20162023 (USD Million)
Table 94 Saudi Arabia: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 95 Saudi Arabia: Market Size, By Application, 20162023 (USD Million)
Table 96 Iran: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 97 Iran: Market Size, By Application, 20162023 (USD Million)
Table 98 Qatar: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 99 Qatar: Market Size, By Application, 20162023 (USD Million)
Table 100 Rest of Middle East: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 101 Rest of Middle East: Market Size, By Application, 20162023 (USD Million)
Table 102 Africa: Hydrogen Generation Market Size, By Generation Mode,20162023 (Thousand Metric Tons)
Table 103 Africa: Hydrogen Generation Market Size, By Generation Mode, 20162023 (USD Million)
Table 104 Africa: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 105 Africa: Market Size, By Application, 20162023 (USD Million)
Table 106 Africa: Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 107 Africa: Market Size, By Country, 20162023 (USD Million)
Table 108 South Africa: Hydrogen Generation Market Size, By Application,20162023 (Thousand Metric Tons)
Table 109 South Africa: Market Size, By Application, 20162023 (USD Million)
Table 110 Rest of Africa: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 111 Rest of Africa: Market Size, By Application, 20162023 (USD Million)
Table 112 South America: Hydrogen Generation Market Size, By Generation Mode, 20162023 (Thousand Metric Tons)
Table 113 South America: Hydrogen Generation Market Size, By Generation Mode, 20162023 (USD Million)
Table 114 South America: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 115 South America: Market Size, By Application, 20162023 (USD Million)
Table 116 South America: Market Size, By Country, 20162023 (Thousand Metric Tons)
Table 117 South America: Market Size, By Country, 20162023 (USD Million)
Table 118 Brazil: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 119 Brazil: Market Size, By Application, 20162023 (USD Million)
Table 120 Argentina: Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 121 Argentina: Market Size, By Application, 20162023 (USD Million)
Table 122 Rest of South America: Hydrogen Generation Market Size, By Application, 20162023 (Thousand Metric Tons)
Table 123 Rest of South America: Market Size, By Application, 20162023 (USD Million)
Table 124 Ballard Power System Was the Most Active Player in the Market Between 2015 and 2018
List of Figures (48 Figures)
Figure 1 Hydrogen Generations Market: Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Merchant Segment, By Generation Type, is Expected to Grow at the Highest Cagr During the Forecast Period, 20182023 (Thousand Metric Tons)33
Figure 8 Merchant Segment, By Generation Type, is Expected to Grow at the Highest Cagr During the Forecast Period, 20182023 (USD Billion)
Figure 9 Steam Reforming (Methane) Segment is Projected to Hold the Largest Hydrogen Generation Market Share, 20182023
Figure 10 Steam Reforming (Methane) Segment is Projected to Hold the Largest Market Share in Market, By Technology, 2018Billion35
Figure 11 Transportation Segment is Projected to Grow at the Highest Cagr During the Forecast Period in Market, Metric Tons
Figure 12 Transportation Segment is Projected to Grow at the Highest Cagr During the Forecast Period in Market, By 2018Billion36
Figure 13 On-Board Storage Segment is Expected to Dominate the Hydrogen Generation Market, By Storage, 20182023, USD Billion
Figure 14 Asia Pacific to Lead the Market
Figure 15 Growing Emphasis on Decarbonising Energy End-Use is Expected to Drive the Market From 2018 to 2023
Figure 16 Merchant is Expected to Grow at the Highest Cagr During the Forecast Period, USD Billion
Figure 17 Gas Segment Accounted for the Largest Market Share in 2017
Figure 18 Small On-Site Segment to Register the Highest Cagr,Thousand Metric Tons
Figure 19 Steam Reforming (Methane) Segment Accounted for the Largest Market Share in 2017, Thousand Metric Tons
Figure 20 Petroleum Refinery Was the Largest Application and North America Was the Largest Market in the Petroleum Refinery Segment in 2017, 41
Figure 21 Hydrogen Generations Market, By Storage On-Board Storage Holds the Largest Market Share in 2017
Figure 22 US is the Largest Market in North America
Figure 23 Hydrogen Generation Market: Drivers, Restraints, Opportunities, & Challenges
Figure 24 Transport Sector Fuel Cell Implementation, in Mw (20112017)
Figure 25 Global Total Public Accessible Ev Charging Stations
Figure 26 Captive Segment Held the Highest Market Share in 2017 (By Value)
Figure 27 Steam Methane Reforming Segment Led the Hydrogen Genration Market, By Technology, in 2017
Figure 28 Petroleum Refinery Segment Led the Hydrogen Genration Market, By Application, in 2017, By Volume
Figure 29 Petroleum Refinery Segment Led the Hydrogen Genration Market, By Application, in 2017, By Value
Figure 30 On-Board Storage Segment Led the Hydrogen Generation Market, By Storage, in 2017
Figure 31 Asia Pacific is the Fastest Growing Country in the Market
Figure 32 Hydrogen Genration Market Share (Value), By Region, 2017
Figure 33 Asia Pacific Market: Regional Snapshot
Figure 34 North America: Market Snapshot
Figure 35 Key Developments in the Hydrogen Genration Market, 20152018
Figure 36 Air Liquide S Led the Hydrogen Genration Market in 2017
Figure 37 Air Liquide: Company Snapshot
Figure 38 Air Products and Chemicals: Company Snapshot
Figure 39 Fuelcell Energy: Company Snapshot
Figure 40 Hydrogenics: Company Snapshot
Figure 41 Iwatani: Company Snapshot
Figure 42 Linde: Company Snapshot
Figure 43 Messer Group: Company Snapshot
Figure 44 Plug Power: Company Snapshot
Figure 45 Praxair: Company Snapshot
Figure 46 Showa Denko: Company Snapshot
Figure 47 Taiyo Nippon Sanso: Company Snapshot
Figure 48 Xebec: Company Snapshot
The study involved four major activities to estimate the current market size for hydrogen generation. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, market breakdown and data triangulation were done to estimate the market size of segments and subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global hydrogen generation market. The other secondary sources included annual reports, press releases & investor presentations of companies, whitepapers, certified publications, articles by recognized authors, manufacturers associations, trade directories, and databases.
Primary Research
The hydrogen generation market comprises several stakeholders such as fuel cell suppliers, end-product manufacturers, and end-users in the supply chain. The demand side of this market is characterized by its applications such as petroleum refinery, ammonia production, methanol production, transportation, and power generation. The supply side is characterized by advancements in fuel cell technology such as solid oxide fuel cells, renewable production of hydrogen through electrolysis and its diverse applications. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global hydrogen generation market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research, and their market shares in the respective regions have been determined through primary and secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained abovethe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides in petroleum refineries, ammonia production, methanol production, transportation, and power generation applications.
Report Objectives
- To define, describe, and forecast the global market by generation type, technology, application, storage, and region
- To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, prospects, and contribution of each segment to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, the Middle East, and Africa)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the market
Scope of the Report
|
Report Metric |
Details |
|
Market Size available for years |
2016-2023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
Value (USD) |
|
Segments covered |
By Generation & Delivery Mode (Captive, Merchant), By Technology (Steam Methane Reforming, Partial Oxidation of Oil, Coal Gasification, Electrolysis of Water), By Application (Petroleum Refinery, Ammonia Production, Methanol Production, Transportation, Power Generation, and others), By storage(On-Board Hydrogen Storage, Underground Hydrogen Storage, Power-To-Gas Hydrogen Storage) |
|
Geographies covered |
Asia Pacific, North America, Europe, The Middle East, Africa, and South America |
|
Companies covered |
Air Liquide (France), Air Products and Chemicals (US), Iwatani (Japan), Hydrogenics (Canada), Linde (Germany), Praxair (US), Messer Group (Germany), Showa Denko (Japan), Ally Hi-Tech (China), Caloric (Germany), Claind (Italy), Erredue (Italy), HyGear (Netherlands), Nuvera Fuel Cells (US), Proton OnSite (US), Taiyo Nippon Sanso (Japan), Teledyne Energy Systems (US), Xebec (Canada), Ballard Power Systems (Canada), FuelCell Energy (US), and Plug Power (US) |
This research report categorizes the hydrogen generation market based on generation and delivery type, technology, application, storage, and region.
Based on generation and delivery type, the global market has been segmented as follows:
- Captive
- Merchant
- Delivery mode
- State
Based on technology, the global market has been segmented as follows:
- Steam methane reforming
- Partial oxidation of oil
- Coal gasification
- Electrolysis of water
Based on application, the global market has been segmented as follows:
- Petroleum refinery
- Ammonia production
- Methanol production
- Transportation
- Power generation
- Others
Based on storage, the global market has been segmented as follows:
- On-board storage
- Underground storage
- Power-to-gas storage
Based on region, the global market has been segmented as follows:
- Asia Pacific
- North America
- Europe
- Middle East
- Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analyses and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Hydrogen Generation Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Hydrogen Generation Market