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Global Hydrogen Generation Market By Technology(Stream Methane Reforming, Partial Oxidation of Oil, others), By Application (Power Generation, Transportation, Others), By Generation and Delivery Mode , By Region–Forecast & Opportunities to 2026

Report Description

The global hydrogen generation market accounted for a value of USD 110.0 billion in 2019. Hydrogen generation market projected to register growth at a CAGR of 3.1% during forecast period.

COVID-19 has impacted all the businesses over the globe. The hydrogen generation market has witness a significant decline in growth rate due to outbreak of corona virus. The supply chain of raw materials of ender user segment got disrupted due to travel restriction and lockdown across many countries of the world. The market is estimated to recover post and all the halted projects will resume.

Definition:

Hydrogen element is easily available and it is available in abundance due to its high chemical affinity. The hydrogen can be used for generation of power and it can be used as fuel cell for vehicles. The power generated from hydrogen reduces dependency on oil and helps in reducing pollution by not releasing carbon.

Market Dynamics (Drivers/Opportunities):

Decarbonization is the major challenge faced by various public firms and governments. The concern has risen for green energy technology like hydrogen related products. Hydrogen reduces dependence on fuel in long term. Hydrogen is considered as clean energy reduces carbon intensity. This drives growth in hydrogen generation market during forecast period.

The carbon emission from exhaust gas contributes to pollution and it is a major concern of governments across the world. Hydrogen fuel cell vehicles are helps in reduction of carbon which reduces the pollution in the world. This is major advantage of hydrogen generation and drives growth in this market during forecast period.

Hydrogen can be produce abundantly from almost all energy resources such as wind energy, solar energy, biomass, clean fossil fuel and nuclear energy etc. Hydrogen can be easily available and used for power generation. The demand for power generation can be meet through power generated from hydrogen. This drives growth in hydrogen generation during forecast period.

Market Insights, by Technology

On the basis of technology, the hydrogen generation market is segmented into stream methane reforming, partial oxidation of oil, electrolysis of water and coal gasification. The steam reforming segment is estimated to hold highest market share during forecast period.  Steam reforming is considered as mature and advance technology used for production of hydrogen. It uses high temperature steam for producing hydrogen from conventional sources. Major oil & gas refinery plants used steam reforming for hydrogen generation. The adoption and demand for this technology is increasing and it drives growth in this segment during forecast period.

Market Insights, by Generation & Delivery Mode

On the basis of generation & delivery mode, the hydrogen generation market is segmented into captive and merchant. The merchant segment is estimated to register growth at highest CAGR during forecast period. Merchant-based hydrogen can be generated by natural gas and water electrolysis processes. This method helps in reducing need of fuel for transportation. This drives growth in merchant based hydrogen generation method during forecast period.

Market Insights, by Application

On the basis of application, the hydrogen generation market is segmented into petroleum refinery, ammonia production, methanol production, power generation, transportation and others. The transportation segment is estimated to register growth at highest CAGR during forecast. The sales of fuel cell vehicle are rising in various regions across the globe. Various countries such as South Korea, China and Japan etc. have proposed implementation of fuel cell vehicles to reduce dependency on gasoline imports. This drives growth in this segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to hold largest market share during forecast period. The refinery operations are increasing in various countries of this region to meet fuel demand. China is investing around 290 million for building hydrogen city which will promote research and development of fuel cell vehicles. Japan has planned to have 100 fuel cell buses and 6000 fuel cell cars in the country by 2020. The rise in adoption of hydrogen fuel cell vehicles and rise in refinery operation is likely to drive growth in Asia-pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in hydrogen generation market are Erredue, Claind, Caloric, Ballard Power Systems, Ally Hi-Tech, Xebec, Showa Denko, Praxair, Plug Power, messer Group, Linde, Iwatani, Hydrogenics, Fuel Cell Energy, Air Products & Chemicals and Air Liquide.

Segments Covered in the Report

This report forecasts The Global Hydrogen Generation Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global hydrogen generation market report on the basis of technology, generation & delivery mode, and application.

Hydrogen Generation Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  3. Executive Summary
    • Market Snapshot
  4. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Hydrogen Generation Market, By Technology, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Stream Methane Reforming
  • Partial Oxidation of Oil
  • Electrolysis of Water
  • Coal Gasification.
  1. Hydrogen Generation Market, By Generation & Delivery Mode, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Captive
  • Merchant
  1. Hydrogen Generation Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Petroleum Refinery
  • Ammonia Production
  • Methanol Production
  • Power Generation
  • Transportation
  • Others
  1. Hydrogen Generation Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Technology
    • By Generation & Delivery Mode
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Technology
      • By Generation & Delivery Mode
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Technology
        • By Generation & Delivery Mode
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Technology
          • By Generation & Delivery Mode
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Technology
            • By Generation & Delivery Mode
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Air Liquide
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Erredue
    • Claind
    • Caloric
    • Ballard Power Systems
    • Ally Hi-Tech
    • Xebec
    • Showa Denko
    • Praxair
    • Plug Power
    • Messer Group
    • Linde
    • Iwatani
    • Hydrogenics
    • Fuel Cell Energy
    • Air Products & Chemicals
  2. Appendix
    • Interrelated Market

 

 

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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