The Hydrogen Generation Market

Hydrogen can be generated using various processes and different resources. For instance, the thermochemical process needs the usage of fossil fuels to release hydrogen, while in other processes; water is divided into hydrogen and oxygen through electrolysis or solar energy. Currently, new techniques are being developed using bacteria and algae, which are also economical, efficient, and eco-friendly. Nowadays, the demand for hydrogen generation is rising in purifying petroleum, treating metals, producing fertilizers and processing food products. Besides this, it is also attaining traction as a fuel in electric vehicles (EVs) worldwide. Increase in awareness among people about the eco-friendly and zero-emission vehicles resulted in innovation of hydrogen vehicles. These vehicles are powered by electricity produced from blending of hydrogen and oxygen (fuel cell). Surge in demand for fuel cells in the automobile industry are creating enormous hydrogen generation market opportunities across the world.  Chemical processing is also one of the end-user applications, where hydrogen is used large-scale to produce several chemical products. Furthermore, the increase in demand for several ammonia fertilizers across the world is a prominent factor for growth of hydrogen in this segment. This increase in demand is also projected to have a positive impact on large-scale hydrogen generation process. Rise in population and requirement for different chemical raw materials in several industries offer opportunities for growth of the hydrogen generation industry in this sector. Hydrogen is used in refineries to decrease sulphur content in diesel fuels and produce certain by-products where hydrogen is utilized as a catalyst to form naphtha into higher value octane products. Partial oxidation process is a process in which hydrogen is produced from refining heavy oil, which can minimize pollution of fuels. Apart from this, the high energy consumption of hydrogen generation technologies is a factor restraining the market growth.

Further, increase in awareness among people about the greenhouse gases and surge in demand for energy and fossil fuels have propelled growth of the electrolysis process-of hydrogen generation. Almost 4% of global hydrogen has generated from electrolysis in 2020, which is around 8GW. Rapid development in many technologies and electrical efficiency of these hydrogen generators is also one of the key factors for growth of this kind of hydrogen production process.

The global Hydrogen Generation Market is segregated on the basis of Application as Petroleum Refinery, Ammonia & Methanol production, Transportation and Power Generation. Based on Generation & Delivery Mode the global Hydrogen Generation Market is segmented in Captive and Merchant. Based on Source the global Hydrogen Generation Market is segmented in Blue Hydrogen, Green Hydrogen and Grey Hydrogen.

The global Hydrogen Generation Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Hydrogen Generation Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Showa Denko K.K., Messer Group GmbH, Caloric Anlagenbau GmbH, Nuvera Fuel Cells, Xebec Adsorption Inc and others are among the major players in the global Hydrogen Generation Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In January 2019, Air Liquide acquired Hydrogenics to install the largest PEM electrolyzer in Canada with a 20 megawatts (MW) capacity for the generation of low-carbon hydrogen. This 20 MW electrolyzer would increase the present capacity of its hydrogen facility situated in Bécancour, Québec, by 50%. The facility is projected to become commercially operational by the end of 2020, with an output of just less than 3,000 tonnes of hydrogen yearly.
• In January 2021, Cummins and Air Liquide entered into a joint venture agreement to stimulate green hydrogen. Cummins has offered a 20-megawatt PEM electrolyzer system to produce green hydrogen, making it the largest in operation in the world. The electrolyzer is installed at the Air Liquide hydrogen generation facility in Bécancour, Quebec, and can generate over 3,000 tonnes of hydrogen annually using clean hydropower.

The global Hydrogen Generation Market has been segmented as below:

Hydrogen Generation Market, By Application

• Petroleum Refinery
• Ammonia & Methanol production
• Transportation
• Power Generation

Hydrogen Generation Market, By Generation & Delivery Mode

• Captive
• Merchant

Hydrogen Generation Market, By Source

• Blue Hydrogen
• Green Hydrogen
• Grey Hydrogen

Hydrogen Generation Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Hydrogen Generation Market, By Company

• Showa Denko K.K.
• Messer Group GmbH
• Caloric Anlagenbau GmbH
• Nuvera Fuel Cells
• Xebec Adsorption Inc
• Taiyo Nippon Sanso Corporation
• Hydrogenics
• Praxair Technology, Inc
• Iwatani Corporation
• Air Products & Chemicals
• Ally Hi Tech
• Aquahydrex
• Atawey
• Claind
• Cummins
• Electrochaea
• Enapter
• Engie
• Fuel Cell Energy
• Green Hydrogen Systems

The report covers the below scope:

• Global Hydrogen Generation Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Hydrogen Generation Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Hydrogen Generation Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Hydrogen Generation Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Hydrogen Generation Market share. Major industry players with significant revenue share include Showa Denko K.K., Messer Group GmbH, Caloric Anlagenbau GmbH, Nuvera Fuel Cells, Xebec Adsorption Inc and others.

Why to Buy this Report:

• Gain detailed insights on the Hydrogen Generation industry trends
• Find complete analysis on the market status
• Identify the Hydrogen Generation Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Hydrogen Generation Market, By Application

5.1.      Key Points

5.2.  Petroleum Refinery

5.3.  Ammonia & Methanol production

5.4.  Transportation

5.5.  Power Generation

6.    Hydrogen Generation Market, By Generation & Delivery Mode

6.1.      Key Points

6.2. Captive

6.3. Merchant

7.     Hydrogen Generation Market, By Source

7.1.      Key Points

7.2.  Blue Hydrogen

7.3.  Green Hydrogen

7.4.  Grey Hydrogen

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Hydrogen Generation Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Showa Denko K.K.

9.2. Messer Group GmbH

9.3. Caloric Anlagenbau GmbH

9.4. Nuvera Fuel Cells

9.5.  Xebec Adsorption Inc

9.6. Taiyo Nippon Sanso Corporation

9.7.  Hydrogenics

9.8. Praxair Technology, Inc

9.9. Iwatani Corporation

9.10.    Air Products & Chemicals

9.11.      Ally Hi Tech

9.12.    Aquahydrex

9.13.     Atawey

9.14.    Claind

9.15.     Cummins

9.16.    Electrochaea

9.17.     Enapter

9.18.    Engie

9.19.    Fuel Cell Energy

9.20.   Green Hydrogen Systems