China Hydrogen Generation Market

The report "China Hydrogen Generation Market by Source (Blue, Green, Gray), Application (Refinery, Ammonia, Methanol, Transportation, Power Generation) - Forecast to 2030", is projected to grow from USD 46.69 billion in 2024 and to reach USD 73.29 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 7.8% during the forecast period.

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The Chinese industrial sector has a strong foundation for producing hydrogen, thanks to its vast coal reserves and increasing government support for cleaner energy. Currently, the majority of China’s hydrogen market is supplied by grey hydrogen, produced almost entirely by gasifying coal, as it is required to meet the significant demand of industries such as refineries, chemicals, and ammonia production. The government of China continues to support the development of low-carbon and green hydrogen by creating national policies and strategies, offering subsidies to producers, and funding pilot projects. As the rapidly growing renewables sector – with a focus on wind and solar – continues to expand, this is providing additional support for the development of hydrogen production via electrolysis and for creating the infrastructure needed to store, transport, and refuel hydrogen. As a result, China is becoming a global leader in conventional and low-carbon hydrogen production.

The blue hydrogen segment is expected to record the second-highest CAGR, by source, during the forecast period.

Blue hydrogen, by source, is expected to register the second-highest CAGR in the China hydrogen generation market, driven by increasing focus on reducing carbon emissions from existing grey hydrogen production. The increasing popularity of carbon capture, utilization, and storage (CCUS) in coal gasification & steam methane reforming (SMR) applications continues to drive CCUS adoption, with additional projects demonstrating the commercial viability of these technologies. Support for low-carbon hydrogen pathways through government policy is also helping accelerate the development of blue hydrogen.

The ammonia production segment, by application, is expected to hold the largest market share during the forecast period.

Ammonia production, by application, holds the largest market share in the China hydrogen generation market, driven by the country’s massive fertilizer industry and strong demand for agricultural output. As an essential feedstock in ammonia synthesis, hydrogen is used at a considerable scale by this market segment, driven by its very significant demand. As well as being a significant user of hydrogen, China's extensive chemical manufacturing base provides sustained long-term demand for hydrogen in the production of ammonia. As a consequence of the existence of many large, integrated ammonia plants, hydrogen will also be utilized at a high level. In addition, continued emphasis on both food security and agricultural productivity will sustain strong global demand for ammonia, driving the use of hydrogen in this segment.

Many businesses generate hydrogen worldwide, with a significant number of their large-scale facilities based in the US. These include Linde PLC (Ireland), Air Liquide (France), Air Products and Chemicals, Inc. (US), Iwatani Corporation (Japan), Petroliam Nasional Berhad (PETRONAS) (Indonesia), Iberdrola S.A. (Spain), and BP p.l.c. (UK), among others.

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