Market Research Future published a half-cooked research report on global hydrogen generation market. The hydrogen generation market is expected to expand at ~ 7.80% CAGR during the period 2018 to 2023
Market Highlights
Hydrogen is produced when natural gas is heated with steam which produces syngas (mixture of carbon monoxide and hydrogen). Hydrogen can also be alternatively produced by electrolyzing water. Moreover, hydrogen can be generated from an extensive range of initial raw materials, including the most commonly used technology like steam reforming of natural gases.
Based on application, the market is segmented as petroleum refinery, ammonia production, methanol production, transportation, power generation, and others. The transportation segment is expected to be the fastest growing segment due to the growing demand for fuel cell based electric vehicles. Considering the storage, the market is segmented as on-board storage, underground storage, and power-to-gas storage. Power-to-gas storage is expected to hold a larger share during the forecast period due to higher efficiency with the balance of supply and demand for power electricity networks with renewable energy.
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The global hydrogen generation market is expected to grow at ~ 7.80% CAGR during the forecast period.
Market Research Analysis
Asia Pacific accounts for the largest market share for hydrogen generation market
Region wise, Asia Pacific held the largest market share of the global hydrogen generation market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to growing demand to decarbonize energy use and increased demand for hydrogen to be used in fuel cell technology for electric vehicles. Demand for electric vehicles and efficient fuel technology in the countries such as China, Japan is expected to increase the growth of hydrogen generation to install efficient hydrogen fuel cell stations. For instance, in 2018, the Chinese government has established a 2 million new electric vehicle target which includes hydrogen fuel powered vehicles by 2020. This would boost the demand for hydrogen generation in the coming years.
Scope of the Report
This report provides an in-depth analysis of the global hydrogen generation market, tracking three market segments across six geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East, Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the hydrogen generation market by its generation and delivery type, storage, application, and region.
Global Hydrogen Generation Market
Global hydrogen generation market is expected to witness substantial growth during the forecast period owing to increasing adoption of hydrogen and awareness toward importance of energy conservation are expected to boost the global market for hydrogen generation. Rising efforts to shift focus from fossil fuels to renewable fuels is expected to further propel the hydrogen generation market expansion. Countries around the globe are introducing stringent norms to reduce the use of unconventional fuels which leads to excessive greenhouse gas emissions. Asia Pacific holds the largest share in the hydrogen generation market due to increase demand for hydrogen fuel cell technology in automotive sector. With rising demand for fossil fuels in transportation operations and growing need to decarbonize energy end-use, hydrogen is expected to play a major role in the fuel transition of the region. Europe holds second position in the hydrogen generation market. The growing demand for reliable supply for various end-user industries, chiefly in the commercial sectors are anticipated to be the primary regional drivers
By Generation and Delivery Type
Captive
Merchant
By Storage
On-board storage
Underground storage
Power-to-gas storage
By Application
Petroleum refinery
Ammonia production
Methanol production
Transportation
Power generation
Others
By Regions
North America
Asia-Pacific
Europe
Middle East
Africa
South America
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Key Players
The key players of the global hydrogen generation market Praxair, Inc. (US), Air Liquide S.A. (France), Air Products and Chemicals, Inc. (US), Hydrogenics (Canada), Iwatani (Japan), Messer Group (Germany), Plug Power (US), Linde (US), Showa Denko (Japan), Ballard Power systems (Canada), and Fuelcell Energy (US), among others.
TABLE OF CONTENTS
1. EXECUTIVE SUMMARY
2. MARKET INTRODUCTION
2.1. MARKET DEFINITION
2.2. SCOPE OF THE STUDY
2.3. MARKET STRUCTURE
3. RESEARCH METHODOLOGY
3.1. PRIMARY RESEARCH
3.2. SECONDARY RESEARCH
3.3. MARKET SIZE ESTIMATION
3.4. FORECAST MODEL
3.5. LIST OF ASSUMPTIONS
4. MARKET DYNAMICS
4.1. DRIVERS
4.1.1. INCREASING DEMAND IN TRANSPORTATION SECTOR
4.1.2. SHIFTING TRENDS TOWARDS CLEANER ENERGY
4.1.3. GROWING DEMAND TO DECARBONIZE ENERGY END-USE
4.2. RESTRAINTS
4.2.1. HIGH ENERGY CONSUMPTION OF HYDROGEN GENERATION TECHNOLOGIES
4.2.2. HIGH COST ASSOCIATED
4.3. OPPORTUNITIES
4.3.1. INCREASING GOVERNMENT SUPPORT FOR HYDROGEN R&D
4.3.2. DEVELOPMENT OF GREEN HYDROGEN PRODUCTION TECHNOLOGIES
4.4. PORTER’S FIVE FORCES ANALYSIS
4.4.1. THREAT OF NEW ENTRANTS
4.4.2. BARGAINING POWER OF BUYERS
4.4.3. BARGAINING POWER OF SUPPLIERS
4.4.4. THREAT OF SUBSTITUTES
4.4.5. INTENSITY OF RIVALRY
4.5. VALUE CHAIN/SUPPLY CHAIN ANALYSIS
5. GLOBAL HYDROGEN GENERATION MARKET, BY GENERATION AND DELIVERY TYPE
5.1. INTRODUCTION
5.2. CAPTIVE
5.2.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.2.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
5.3. MERCHANT
5.3.1. MARKET ESTIMATES & FORECAST, 2018–2023
5.3.2. MARKET ESTIMATES & FORECAST BY REGION, 2018–2023
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