Hydrogen Generation Market by Application, Generation & Delivery Mode, Source, Technology and Region - Global Forecast to 2025

DUBLIN, March 3, 2021 /PRNewswire/ -- The "Hydrogen Generation Market by Application (Petroleum Refinery, Ammonia & Methanol Production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology, and Region-Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global hydrogen generation market was valued at USD 143 billion in 2019 and is projected to reach USD 201 billion by 2025; it is anticipated to grow at a CAGR of 9.2% during the forecast period.

Rising obligations to reduce greenhouse gas emissions from traditional methods has driven the hydrogen generation market growth. Furthermore, increased demand for long-term storage of renewable energy is driving the hydrogen generation market. However, the high energy consumption of hydrogen generation technologies is likely to hamper the growth of the hydrogen generation market.

The power generation segment, by end user, is expected to be the largest and the fastest-growing market from 2020 to 2030

The end user segment is categorized as transportation, power generation, and industrial feedstock. The power generation segment is expected to grow at the highest CAGR during the forecast period, as electricity generated by using green ammonia is observed to be the cleaner version of gas. By using the electrolysis process, surplus renewable energy generated at isolated locations can be used to produce carbon-free ammonia, which can act as a sustainable fuel for power generation. Furthermore, the need for long term storage of renewable energy generated at isolated wind farms and solar panels drives the growth of green ammonia market. Europe is expected to hold the largest power generation market. This growth is owing to the favorable government initiatives and plans to produce green ammonia in Netherlands.

The Electrolysis segment, by technology, is expected to be the fastest-growing market from 2020 to 2025

The electrolysis segment is expected to be the fastest-growing technology sub-segment during the forecast period, owing to the increasing use of fuel cells in the power generation and transportation segment. Through electrolysis, the electrolyzer system creates hydrogen gas. The oxygen that is left over is released into the atmosphere or can be captured or stored. This stored hydrogen can be supplied for other industrial processes or even used for medical gases in some cases. The hydrogen gas can either be stored as a compressed gas or liquefied, and since hydrogen is an energy carrier, it can be used to power any hydrogen fuel cell electric application - including trains, buses, trucks, or data centers. Measures have been taken by governments to boost the demand for water electrolysis. For instance, the US Department of Energy (DOE) has set technical targets and cost contributions for hydrogen production from water electrolysis.

Asia Pacific: The largest and the fastest-growing region in the hydrogen generation market.

The Asia Pacific is expected to dominate the global green hydrogen market between 2020 and 2025. Asia Pacific is one of the leading markets for adopting green technologies to meet the government targets for reducing GHG emissions. Japan and South Korea are heavily investing in fuel cell adoption since 2009 because of the commercial deployment of Japanese fuel cell micro-CHP products. Japan is the first nation to commercialize fuel cells and is supporting the projects related to the use of fuel cells in residential and automotive applications. It aims to deploy green hydrogen on a large scale. The country plans to have 200,00 green hydrogen fuel cell vehicles and 320 hydrogen refuelling stations by 2025 to meet the global carbon emission standards. Singapore, India, and Malaysia are also showing interest and have just started or are expected to start exclusive programs to promote fuel cells in regional markets. These countries are initially focusing on backup power (stationary application) fuel cells.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Hydrogen Generation Market Snapshot
3.2 Scenario Analysis
3.2.1 Optimistic Scenario
3.2.2 Realistic Scenario
3.2.3 Pessimistic Scenario

4 Premium Insights
4.1 Attractive Opportunities in Hydrogen Generation Market
4.2 Hydrogen Generation Market, by Source
4.3 Hydrogen Generation Market, by Region
4.4 Asia-Pacific Hydrogen Generation Market, by Application & Country
4.5 Hydrogen Generation Market, by Technology

5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
5.3 Road to Recovery
5.4 COVID-19 Economic Assessment
5.5 Yc Shift
5.6 Market Dynamics
5.6.1 Drivers
5.6.1.1 Demand for Long-Term Storage of Renewable Energy
5.6.1.2 Government Regulations for Desulfurization and Greenhouse Gas Emissions
5.6.1.3 Increasing Demand in Transportation Sector
5.6.2 Restraints
5.6.2.1 High Capital Cost of Hydrogen Energy Storage
5.6.2.2 High Energy Consumption of Hydrogen Generation Technologies
5.6.3 Opportunities
5.6.3.1 Increasing Focus on Developing Hydrogen-Based Economy
5.6.3.2 Development of Green Hydrogen Production Technologies
5.6.4 Challenges
5.6.4.1 Lack of Well-Established Infrastructure for Electric Cars
5.7 Supply Chain Overview
5.7.1 Key Influencers
5.7.1.1 Hydrogen Technology Providers
5.7.1.2 Hydrogen Producers/Suppliers
5.7.1.3 End-users
5.8 Technology Analysis
5.8.1 Technologies for Generating Hydrogen
5.9 Case Studies
5.9.1 Asahi Kasei is Using Sap Leonardo for Green Hydrogen Production
5.9.1.1 Problem Statement
5.9.1.2 Possible Solution by Asahi Kasei
5.9.2 Cummins is Using Its Latest Electrolyzer to Enable Renewable Energy for Public Utilities in Washington
5.9.2.1 Problem Statement
5.9.2.2 Possible Solution by Cummins
5.10 Market Map
5.10.1 Hydrogen Generation: Market Map
5.11 Hydrogen Generation Market: Patent Analysis
5.11.1 Innovations and Patent Registrations
5.12 Tariff and Regulatory Landscape

6 Impact of COVID-19 on Hydrogen Generation Market, Scenario Analysis, by Region
6.1 Introduction
6.1.1 Impact of COVID-19 on GDP
6.1.2 Optimistic Scenario
6.1.3 Realistic Scenario
6.1.4 Pessimistic Scenario

7 Hydrogen Generation Market, by Technology
7.1 Introduction
7.2 Steam Methane Reforming (SMR)
7.2.1 Energy Efficiency and Maturity of Technology Drive Growth of Steam Methane Reforming
7.3 Partial Oxidation (POX)
7.3.1 Increasing Demand for Automobile Fuel Cells Drives the Pox Segment
7.4 Coal Gasification
7.4.1 Increasing Demand for Lower Emission Pollutants Than Conventional Coal Combustion Drives the Coal Gasification Segment
7.5 Electrolysis
7.5.1 Increasing Use of Fuel Cell in Power Generation and Transportation is Driving Electrolysis Segment

8 Hydrogen Generation Market, by Application
8.1 Introduction
8.2 Petroleum Refinery
8.2.1 Increasing Demand for Hydrogen by Refineries to Lower Sulfur Content of Diesel Fuel Drives this Segment
8.3 By Generation Mode
8.3.1 Captive Refinery Hydrogen Generation
8.3.2 Merchant Refinery Hydrogen Generation
8.4 Ammonia Production
8.4.1 Rise in Demand for Carbon-Free Hydrogen for Nitrogen-Based Fertilizers Drives the Ammonia Production Segment
8.5 Methanol Production
8.5.1 Increasing Demand for Transportation Fuel, Wastewater Denitrification, and Electricity Generation Drives Methanol Production
8.6 Transportation
8.6.1 Rapid Rise in Demand for Fuel Cell Electric Vehicles (FCEV) in Asia-Pacific Drives the Transportation Segment
8.7 Power Generation
8.7.1 Rapid Stationary and Portable Fuel Cell Installations in North America Owing to Increase Demand for Clean Energy Drive Power Generation Segment
8.8 Other Applications
8.8.1 Increasing Demand for Carbon-Free Hydrogen from Industries Such as Food, Metal, Transportation, and Fabrication Drives this Segment

9 Hydrogen Generation Market, by Source
9.1 Introduction
9.2 Blue Hydrogen
9.2.1 Increasing Demand for Capturing and Reusing or Storing Carbon Emissions Drives this Segment
9.3 Green Hydrogen
9.3.1 Increasing Demand for Zero Carbon Emissions Drives Green Hydrogen Segment
9.4 Grey Hydrogen
9.4.1 Lowest Production Cost Boosts Demand for this Market Segment

10 Hydrogen Generation Market, by Generation & Delivery Mode
10.1 Introduction
10.2 Captive
10.2.1 On-Site Hydrogen Requirements of Ammonia Production Facilities and Petroleum Refineries are Expected to Drive the Growth of Captive Segment
10.3 Merchant
10.3.1 Large-Scale Hydrogen Production Through Water Electrolysis and Natural Gas Process is Expected to Drive the Merchant Segment
10.3.2 By Delivery Mode
10.3.2.1 Refineries and Petrochemical Facilities are Expected to Boost the Demand for Hydrogen
10.3.3 By State
10.3.3.1 Gaseous Hydrogen Has a Higher Demand Than Liquid Hydrogen

11 Hydrogen Generation Market, by Region
11.1 Introduction
11.2 Asia-Pacific
11.3 North America
11.4 South America
11.5 Europe
11.6 Middle East
11.7 Africa

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis, 2019
12.3 Company Wise Revenue Trend of Top 5 Market Players
12.4 Competitive Leadership Mapping, 2019
12.4.1 Star
12.4.2 Emerging Leader
12.4.3 Pervasive
12.4.4 Participant
12.5 Competitive Leadership Mapping of Startups, 2019
12.5.1 Progressive Companies
12.5.2 Responsive Companies
12.5.3 Starting Blocks
12.5.4 Dynamic Companies
12.6 Competitive Scenario
12.6.1 Contracts & Agreements
12.6.2 Investments & Expansions
12.6.3 Joint Venture, Partnerships, and Collaborations

13 Company Profiles
13.1 Air Liquide
13.2 Cummins
13.3 Nel Hydrogen
13.4 ITM Power
13.5 Linde
13.6 Air Products & Chemicals
13.7 Fuel Cell Energy
13.8 Iwatani
13.9 Showa Denko
13.10 Messer Group
13.11 Taiyo Nippon Sanso
13.12 Xebec
13.13 Mcphy Energy
13.14 Engie
13.15 Uniper
13.16 Green Hydrogen Systems
13.17 Electrochaea
13.18 Aquahydrex
13.19 Exytron
13.20 Enapter
13.21 Starfire Energy
13.22 Hiringa Energy
13.23 Plug Power
13.24 Claind
13.25 Ally Hi Tech
13.26 Atawey

14 Appendix

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