Hydrogen Generation Market

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 2018 and is expected to reach US$ 228.9 Bn by 2027, expanding at a CAGR of 7.3% from 2019 to 2027.

Hydrogen has unique capabilities and significant potential in the low carbon energy future due to its abundance in the earth’s atmosphere and lightest of all elements. Three characteristics largely drive its potential in a low-carbon energy future:

• Efficient energy carrier and storage medium due to high specific energy content by weight.
• The combustion of hydrogen produces only water and heat.
• Electric energy can be produced by hydrogen or vice-versa.
• The fuel cell process can convert oxygen and hydrogen into water and electrical energy.

However, high production costs and a lack of proper distribution channels worldwide are some of the prime factors hindering hydrogen adoption. Presently, 5000 miles of hydrogen pipelines are available globally.

Technology Analysis

Steam Reforming Segment held Largest Market Revenue Share in 2018.

In 2018, steam reforming held the largest revenue share 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 holds nearly 50% of the share of global hydrogen production. In addition, the 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 registering the 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 global demand for fuel cell vehicles. As of February 2019, 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 to emissions. Significant government regulations toward controlling carbon emissions favor the growth of hydrogen-powered vehicles. In the wake of the same, recently Hydrogen Council announced a strict vision for 2050 with 18% of hydrogen energy share in the total energy consumption that would reduce Green House Gas (GHG) emissions by 20% worldwide.

Regional Analysis

Asia Pacific acquires Major Share in the Global Hydrogen Generation Market.

In 2018, Asia Pacific was 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. As a result, 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 highly competitive, as players are significantly engaged in developing new, environment-friendly hydrogen extraction technology. Moreover, hydrogen as a fuel has the capacity to reduce GHG emissions 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, the leading automobile manufacturer in Japan, announced to roll out 100 hydrogen fuel cell buses during the Olympics game 2020 in Tokyo city, Japan.
• On June 8, 2017, the U.S. Department of Energy (DoE) announced the investment of 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 and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, CAGR (Compounded Annual Growth Rate) for each segment and sub-segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The hydrogen generation market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around 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:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
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
3.2.1. Market Drivers
3.2.2. Market Restraints
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
8.1.1. North America HG Market Value and Volume, 2017-2027, (US$ Bn, Mn Metric Tons)
8.2. North America HG Market Value and Volume, By Source, 2017-2027 (US$ Bn, Mn Metric Tons)
8.2.1. Natural Gas
8.2.2. Coal
8.2.3. Oil
8.2.4. Electrolysis
8.3. North America HG Market Value and Volume, By Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
8.3.1. By-product Production
8.3.2. Gaseous Production
8.3.3. Liquid Production
8.3.4. Captive Production
8.3.5. Merchant Production
8.4. North America HG Market Value and Volume, By Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
8.4.1. Steam reforming of hydrocarbons
8.4.2. Gasification
8.4.3. Electrolysis
8.4.4. Partial Oxidation
8.4.5. Others ( Photolysis, Bio photolysis)
8.5. North America HG Market Value and Volume, By Application, 2017-2027 (US$ Bn, Mn Metric Tons)
8.5.1. Chemical Processing
8.5.2. Petroleum Refining & Recovery
8.5.3. Automotive Fuels
8.5.4. Methanol Production
8.5.5. Ammonia Production
8.5.6. Others (Aerospace, Electrical & Electronics, Edible fats & oils)
8.6. North America HG Market Value and Volume, By Country/ Region, 2017-2027 (US$ Bn, Mn Metric Tons)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
9.1. Overview
9.1.1. Europe HG Market Value and Volume, 2017-2027, (US$ Bn, Mn Metric Tons)
9.2. Europe HG Market Value and Volume, By Source, 2017-2027 (US$ Bn, Mn Metric Tons)
9.2.1. Natural Gas
9.2.2. Coal
9.2.3. Oil
9.2.4. Electrolysis
9.3. Europe HG Market Value and Volume, By Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
9.3.1. By-product Production
9.3.2. Gaseous Production
9.3.3. Liquid Production
9.3.4. Captive Production
9.3.5. Merchant Production
9.4. Europe HG Market Value and Volume, By Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
9.4.1. Steam reforming of hydrocarbons
9.4.2. Gasification
9.4.3. Electrolysis
9.4.4. Partial Oxidation
9.4.5. Others ( Photolysis, Bio photolysis)
9.5. Europe HG Market Value and Volume, By Application, 2017-2027 (US$ Bn, Mn Metric Tons)
9.5.1. Chemical Processing
9.5.2. Petroleum Refining & Recovery
9.5.3. Automotive Fuels
9.5.4. Methanol Production
9.5.5. Ammonia Production
9.5.6. Others (Aerospace, Electrical & Electronics, Edible fats & oils)
9.6. Europe HG Market Value and Volume, By Country/ Region, 2017-2027 (US$ Bn, Mn Metric Tons)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
10.1. Overview
10.1.1. Asia Pacific HG Market Value and Volume, 2017-2027, (US$ Bn, Mn Metric Tons)
10.2. Asia Pacific HG Market Value and Volume, By Source, 2017-2027 (US$ Bn, Mn Metric Tons)
10.2.1. Natural Gas
10.2.2. Coal
10.2.3. Oil
10.2.4. Electrolysis
10.3. Asia Pacific HG Market Value and Volume, By Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
10.3.1. By-product Production
10.3.2. Gaseous Production
10.3.3. Liquid Production
10.3.4. Captive Production
10.3.5. Merchant Production
10.4. Asia Pacific HG Market Value and Volume, By Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
10.4.1. Steam reforming of hydrocarbons
10.4.2. Gasification
10.4.3. Electrolysis
10.4.4. Partial Oxidation
10.4.5. Others ( Photolysis, Bio photolysis)
10.5. Asia Pacific HG Market Value and Volume, By Application, 2017-2027 (US$ Bn, Mn Metric Tons)
10.5.1. Chemical Processing
10.5.2. Petroleum Refining & Recovery
10.5.3. Automotive Fuels
10.5.4. Methanol Production
10.5.5. Ammonia Production
10.5.6. Others (Aerospace, Electrical & Electronics, Edible fats & oils)
10.5.7. (food, pharmaceuticals, mining, agriculture, construction, and real estate)
10.6. Asia Pacific HG Market Value and Volume, By Country/ Region, 2017-2027 (US$ Bn, Mn Metric Tons)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Hydrogen Generation (HG) Market Analysis, 2017-2027 (US$ Bn, Mn Metric Tons)
11.1. Overview
11.1.1. Rest of the World HG Market Value and Volume, 2017-2027, (US$ Bn, Mn Metric Tons)
11.2. Rest of the World HG Market Value and Volume, By Source, 2017-2027 (US$ Bn, Mn Metric Tons)
11.2.1. Natural Gas
11.2.2. Coal
11.2.3. Oil
11.2.4. Electrolysis
11.3. Rest of the World HG Market Value and Volume, By Generation & Delivery Mode, 2017-2027 (US$ Bn, Mn Metric Tons)
11.3.1. By-product Production
11.3.2. Gaseous Production
11.3.3. Liquid Production
11.3.4. Captive Production
11.3.5. Merchant Production
11.4. Rest of the World HG Market Value and Volume, By Technology, 2017-2027 (US$ Bn, Mn Metric Tons)
11.4.1. Steam reforming of hydrocarbons
11.4.2. Gasification
11.4.3. Electrolysis
11.4.4. Partial Oxidation
11.4.5. Others ( Photolysis, Bio photolysis)
11.5. Rest of the World HG Market Value and Volume, By Application, 2017-2027 (US$ Bn, Mn Metric Tons)
11.5.1. Chemical Processing
11.5.2. Petroleum Refining & Recovery
11.5.3. Automotive Fuels
11.5.4. Methanol Production
11.5.5. Ammonia Production
11.5.6. Others (Aerospace, Electrical & Electronics, Edible fats & oils)
11.6. Rest of the World Hydrogen Generation Market Value and Volume, By Region, 2017-2027 (US$ Bn, Mn Metric Tons)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

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.

List of Figures

FIG. 1 Global Hydrogen Generation (HG) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global HG Market Segmentation
FIG. 4 Global HG Market, by Source, 2018 (US$ Bn)
FIG. 5 Global HG Market, by Generation & Delivery Mode, 2018 (US$ Bn)
FIG. 6 Global HG Market, by Technology, 2018 (US$ Bn)
FIG. 7 Global HG Market, by Application, 2018 (US$ Bn)
FIG. 8 Global HG Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key HG Market Players, 2018
FIG. 11 Global HG Market Value Share, by Source, 2018 & 2027 (Value %)
FIG. 12 Global HG Market for Natural Gas, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 13 Global HG Market for Coal, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 14 Global HG Market for Oil, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 15 Global HG Market for Water, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 16 Global HG Market Value Share, by Generation & Delivery Mode, 2018 & 2027 (Value %)
FIG. 17 Global HG Market for By-product Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 18 Global HG Market for Gaseous Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 19 Global HG Market for Liquid Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 20 Global HG Market for Captive Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 21 Global HG Market for Merchant Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 22 Global HG Market Value Share, by Technology, 2018 & 2027 (Value %)
FIG. 23 Global HG Market for Steam Reforming of Hydrocarbons, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 24 Global HG Market for Gasification, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 25 Global HG Market for Electrolysis, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 26 Global HG Market for Partial Oxidation, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 27 Global HG Market for Others, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 28 Global HG Market Value Share, by Application, 2018 & 2027 (Value %)
FIG. 29 Global HG Market for Chemical Processing, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 30 Global HG Market for Petroleum Refining & Recovery, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 31 Global HG Market for Automotive Fuels, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 32 Global HG Market for Methanol Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 33 Global HG Market for Ammonia Production, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 34 Global HG Market for Others, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 35 North America HG Market, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 36 Europe HG Market, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 37 Asia Pacific HG Market, 2017–2027 (US$ Bn, Mn Metric Tons)
FIG. 38 RoW HG Market, 2017–2027 (US$ Bn, Mn Metric Tons)

List of Tables

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)