Global Hydrogen Market Share, Size, SWOT Analysis, Trend Comment, Analysis, Facts

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Description

The size of the global hydrogen generation market was estimated at 197.7 (USD Billion) in 2026, and it is anticipated to increase at a CAGR of 6% from 2020 to 2026. The need for cleaner fuel and the expansion of regulatory rules requiring the desulfurization of petroleum products are projected to be the main drivers of the global market for hydrogen generation. Since hydrogen is a powerful energy transporter, its continued expansion into additional markets is anticipated to benefit greatly from this property. During the projected period, an increase in the worldwide electricity consumption of about two-thirds of the current demand is anticipated. Pay attention to the distributed power & utility projects that are anticipated to boost the need for the expansion of the hydrogen generation industry throughout the forecast period.

In order to create a nationwide hydrogen network and improve the hydrogen infrastructure for hydrogen filling stations, the German Ministry of Transport launched an effort in June 2012. The Ministry signed a letter of intent (LoI) with industry participants like Total, The Linde Group, Air Products and Chemicals, Inc., Daimler AG, and Air Liquide as part of this project. According to the agreement, these industry participants have set a goal of building at least 50 hydrogen refuelling stations in Germany’s major towns and highways by 2015.

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Technology Type Perspectives

The global market has been further segmented based on Technology Type into Steam Methane Reforming, Coal Gasification, and Others. In order to produce hydrogen, a mature and sophisticated method is used called steam methane reforming. Since steam methane reforming is the most practical way to produce hydrogen, the rising global demand for it is a significant factor in the development of steam methane reformers. Operational advantages including the steam methane reforming process’ high conversion efficiency are further elements boosting the market’s expansion. Throughout the projected period, the Steam Methane Reforming segment is anticipated to maintain its lead.

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Application Perspectives

The market’s leading category, ammonia production, held the greatest revenue share of more than 20.28% in 2021. Throughout the forecast period, the ammonia production segment will continue to be in the lead. Ammonia’s potential as a carbon-free fuel, hydrogen carrier, and energy reservoir gives a chance for the expansion of the use of renewable hydrogen technology. At ammonia facilities, hydrogen is often produced on-site from a feedstock of fossil fuels. Natural gas is the most widely used feedstock for a steam methane reforming (SMR) plant. Ammonia can also be made from coal using a partial oxidation (POX) method.

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insight into sources

Natural gas was the dominant source in the market in 2021. When natural gas is converted, hydrogen, carbon monoxide, and carbon dioxide are created. The least expensive way to produce hydrogen is from natural gas. During the predicted period, it is anticipated to maintain its lead.

Systems Perspectives

According to systems, the market’s Merchant generating segment was dominant in 2021. Using a bulk tank, pipeline, or cylinder truck to transport and sell hydrogen to a customer is referred to as “merchant generation of hydrogen.” There are substantial natural gas pipeline networks that might be utilised to transport and distribute hydrogen in several nations, including the U.S., Canada, and Russia. Throughout the forecast period, the merchant generating category is anticipated to maintain its lead.

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By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
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Description The size of the global hydrogen generation market was estimated at 197.7 (USD Billion) in 2026, and it is anticipated to increase at a CAGR of 6% from 2020 to 2026. The need for cleaner fuel and the expansion of regulatory rules requiring the desulfurization of petroleum products are projected to be the main…

Description The size of the global hydrogen generation market was estimated at 197.7 (USD Billion) in 2026, and it is anticipated to increase at a CAGR of 6% from 2020 to 2026. The need for cleaner fuel and the expansion of regulatory rules requiring the desulfurization of petroleum products are projected to be the main…

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