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Hydrogen Generation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

June 2022 | 144 pages | ID: H56DB3091605EN
IMARC Group

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The global hydrogen generation market reached a value of US$ 143 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 211 Billion by 2027, exhibiting a CAGR of 7.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Hydrogen can be generated using different processes and diverse resources. For instance, the thermochemical process requires the utilization of fossil fuels to release hydrogen, while in other processes, water is split into hydrogen and oxygen via electrolysis or solar energy. At present, new methods are being introduced using bacteria and algae, which are also economical, efficient, and environment friendly. Nowadays, the demand for hydrogen generation is escalating in refining petroleum, treating metals, producing fertilizers, and processing food products. Besides this, it is also gaining traction as a fuel in electric vehicles (EVs) worldwide.

The rising energy demand, in confluence with the growing environmental concerns, represents one of the main factors fueling the need for sustainable energy sources like hydrogen. Moreover, governing authorities of numerous countries are implementing stringent regulations to reduce carbon emissions in the automotive sector, which is boosting the sales of EVs worldwide. This, in confluence with the extensive application of hydrogen as a coolant in power plant generators, is propelling the market growth. Apart from this, several projects are being funded to decrease costs as well as the environmental impacts of hydrogen production technologies. For instance, hydrogen generation using nuclear energy is considered an economical solution for minimizing carbon footprint and meeting the critical global climate challenge. This, in turn, is anticipated to catalyze the demand for hydrogen generation in glass purification, fertilizer production, and semiconductor manufacturing across the globe.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen generation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology, application and systems type.

Breakup by Technology:

Coal Gasification
Steam Methane Reforming
Others

Breakup by Application:

Methanol Production
Ammonia Production
Petroleum Refinery
Transportation
Power Generation
Others

Breakup by Systems Type:

Merchant
Captive

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Air Liquide International S.A., Air Products Inc, CLAIND srl, INOX Air Products Ltd., Linde plc, Mahler AGS GmbH, McPhy Energy S.A., Messer Group GmbH, NEL Hydrogen, Taiyo Nippon Sanso Corporation, Weldstar Inc. and Xebec Adsorption Inc.

Key Questions Answered in This Report:
How has the global hydrogen generation market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global hydrogen generation market?
What are the key regional markets?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the application?
What is the breakup of the market based on the systems type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global hydrogen generation market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL HYDROGEN GENERATION MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TECHNOLOGY

6.1 Coal Gasification
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Steam Methane Reforming
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Others
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY APPLICATION

7.1 Methanol Production
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Ammonia Production
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Petroleum Refinery
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Transportation
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Power Generation
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6 Others
  7.6.1 Market Trends
  7.6.2 Market Forecast

8 MARKET BREAKUP BY SYSTEMS TYPE

8.1 Merchant
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Captive
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Air Liquide International S.A.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Air Products Inc
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 CLAIND srl
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4 INOX Air Products Ltd.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
  14.3.5 Linde plc
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Mahler AGS GmbH
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 McPhy Energy S.A.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
  14.3.8 Messer Group GmbH
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
  14.3.9 NEL Hydrogen
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
    14.3.9.3 Financials
  14.3.10 Taiyo Nippon Sanso Corporation
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 Weldstar Inc.
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 Xebec Adsorption Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

Table 1: Global: Hydrogen Generation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hydrogen Generation Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: Global: Hydrogen Generation Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Hydrogen Generation Market Forecast: Breakup by Systems Type (in Million US$), 2022-2027
Table 5: Global: Hydrogen Generation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Hydrogen Generation Market: Competitive Structure
Table 7: Global: Hydrogen Generation Market: Key Players

LIST OF FIGURES

Figure 1: Global: Hydrogen Generation Market: Major Drivers and Challenges
Figure 2: Global: Hydrogen Generation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hydrogen Generation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hydrogen Generation Market: Breakup by Technology (in %), 2021
Figure 5: Global: Hydrogen Generation Market: Breakup by Application (in %), 2021
Figure 6: Global: Hydrogen Generation Market: Breakup by Systems Type (in %), 2021
Figure 7: Global: Hydrogen Generation Market: Breakup by Region (in %), 2021
Figure 8: Global: Hydrogen Generation (Coal Gasification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Hydrogen Generation (Coal Gasification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Hydrogen Generation (Steam Methane Reforming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Hydrogen Generation (Steam Methane Reforming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Hydrogen Generation (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Hydrogen Generation (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Hydrogen Generation (Methanol Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Hydrogen Generation (Methanol Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Hydrogen Generation (Ammonia Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Hydrogen Generation (Ammonia Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Hydrogen Generation (Petroleum Refinery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Hydrogen Generation (Petroleum Refinery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Hydrogen Generation (Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Hydrogen Generation (Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Hydrogen Generation (Power Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Hydrogen Generation (Power Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Hydrogen Generation (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Hydrogen Generation (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Hydrogen Generation (Merchant) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Hydrogen Generation (Merchant) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Hydrogen Generation (Captive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Hydrogen Generation (Captive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Hydrogen Generation Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Hydrogen Generation Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Hydrogen Generation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Hydrogen Generation Industry: SWOT Analysis
Figure 80: Global: Hydrogen Generation Industry: Value Chain Analysis
Figure 81: Global: Hydrogen Generation Industry: Porter's Five Forces Analysis


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