Global Hydrogen Generation Market Drivers & Restraints During the Forecast Period, 2019-2027 - ResearchAndMarkets.com
The "Global Hydrogen Generation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 To 2027" report has been added to ResearchAndMarkets.com's offering.
The global hydrogen generation market was valued at US$ 121.6 Bn in the year 2018 and expected to reach US$ 228.9 Bn by the year 2027, expanding at a CAGR of 7.3% during the forecast from 2019 to 2027.
Market Insights
Green Hydrogen Production Technology will boost the demand for Hydrogen Generation Market during the Forecast Period
Hydrogen is an abundant element present in compound form in the earth's biosphere. The main sources of hydrogen are natural gas, oil, coal, and electrolysis. Nearly, 48% of hydrogen is produced from natural gas. Presently, the demand for hydrogen as an energy resource has increased significantly owing to low carbon emission regulation in different parts of the world along with several benefits of hydrogen over carbon. In addition, hydrogen has a unique potential to penetrate almost all value chain stages of low carbon energy.
Green hydrogen production technology has boosted the hydrogen applications and simultaneously its demand globally. However, competitive disadvantages against electric vehicles for light-duty vehicle applications and high investment required for the distribution infrastructure are the major challenges affecting the adoption of hydrogen as a fuel cell.
The global hydrogen generation market seeks tough competition over the forecast period as several automobile manufacturers and other manufacturing leaders are collaborating with hydrogen-generating players to develop an environment-friendly fleet in the coming 5-10 years.
Industrial Developments
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On May 03, 2019, Audi AG, a leading car manufacturer, announced its collaboration with Korean automotive manufacturer Hyundai Motor Company for the development of fuel cells.
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On April 29, 2019, Robert Bosch GmbH announced to sign a partnership agreement with PowerCell Sweden AB to accelerate the production of fuel cell cars and trucks. The company has a vision of electric vehicles powered by fuel cells will be more than 20% by 2030 worldwide.
Key Market Movements:
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Globally, the hydrogen generation market projected to witness a CAGR of 7.3% during the forecast period from 2019 to 2027
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Stringent regulation in different parts of the world for carbon emission along with the empowerment of battery and fuel cell-based vehicles are the key factors driving the global hydrogen generation market
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The merchant production segment projected to grow at a rapid pace in the global hydrogen generation market. The method reduces the need for transportation and pipeline infrastructure for the distribution as it can be easily produced by natural gas and water electrolysis method.
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Steam reforming of hydrocarbons is a mature and advanced segment among other technologies. The segment expected to dominate the market by 2027. The technology growth is attributed to a large number of oil refineries and industries using steam reforming technology for hydrogen extraction from natural gas.
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In terms of revenue share, Asia Pacific dominated the global hydrogen generation market in the year 2018. The market growth is mainly due to upcoming oil & refinery projects in the region to meet the surging demand for fuel. In addition, China, India, Japan, South Korea, and other Asian countries are taking the initiative to move towards hydrogen-powered vehicles.
Key Topics Covered:
1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Hydrogen Generation Market
2.2. Global HG Market, by Source, 2018 (US$ Bn, Mn Metric Tons)
2.3. Global HG Market, by Generation & Delivery Mode, 2018 (US$ Bn, Mn Metric Tons)
2.4. Global HG Market, by Technology, 2018 (US$ Bn, Mn Metric Tons)
2.5. Global HG Market, by Application, 2018 (US$ Bn, Mn Metric Tons)
2.6. Global HG Market, by Geography, 2018 (US$ Bn, Mn Metric Tons,)
2.7. Global HG Production Market, by Geography (Mn Metric Tons,)
2.8. Global HG Market, Import-Export Analysis (Mn Metric Tons,)
3. Market Dynamics
3.1. Introduction
3.1.1. Global HG Market Value and Volume, 2017-2027, (US$ Bn, Mn Metric Tons)
3.2. Market Dynamics
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Hydrogen Generation (HG) Market, by Source, 2017-2027 (US$ Bn, Mn Metric Tons)
4.1. Overview
4.2. Natural Gas
4.3. Coal
4.4. Oil
4.5. Electrolysis
5. Global Hydrogen Generation (HG) Market, by Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
5.1. Overview
5.2. By-product Production
5.3. Gaseous Production
5.4. Liquid Production
5.5. Captive Production
5.6. Merchant Production
6. Global Hydrogen Generation (HG) Market, by Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
6.1. Overview
6.2. Steam reforming of hydrocarbons
6.3. Gasification
6.4. Electrolysis
6.5. Partial Oxidation
6.6. Others ( Photolysis, Bio photolysis)
7. Global Hydrogen Generation (HG) Market, by Application, 2017-2027 (US$ Bn, Mn Metric Tons)
7.1. Overview
7.2. Chemical Processing
7.3. Petroleum Refining & Recovery
7.4. Automotive Fuels
7.5. Methanol Production
7.6. Ammonia Production
7.7. Others (Aerospace, Electrical & Electronics, Edible fats & oils)
8. North America Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
8.1. Overview
8.2. North America HG Market Value and Volume, By Source, 2017-2027 (US$ Bn, Mn Metric Tons)
8.3. North America HG Market Value and Volume, By Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
8.4. North America HG Market Value and Volume, By Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
8.5. North America HG Market Value and Volume, By Application, 2017-2027 (US$ Bn, Mn Metric Tons)
8.6. North America HG Market Value and Volume, By Country/ Region, 2017-2027 (US$ Bn, Mn Metric Tons)
9. Europe Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
10. Asia Pacific Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
11. Rest of the World Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
12. Company Profiles
12.1. Air Liquide S.A.
12.2. Air Products and Chemicals Inc.
12.3. Iwatani Corporation
12.4. Hydrogenics
12.5. Linde Group
12.6. Praxair Inc.
12.7. Messer Group GmbH
12.8. Teledyne Energy Systems Inc.
12.9. FuelCell Energy Inc.
12.10. Showa Denko K. K.
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