Hydrogen Generation Market Worth $138.2 Billion by 2019

Browse 88 market data tables with 43 figures spread through 150 pages and in-depth TOC on "Hydrogen Generation Market - Global Trends & Forecasts to 2019".

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Asia-Pacific: Largest Market for Hydrogen Generation 

Asia & Oceania is estimated to be the largest market in hydrogen generation followed by Europe & Eurasia and North America. Asia & Oceania is expected to grow at a CAGR of 5.8% till 2019, followed by Europe & Eurasia along with, North America with the growth rate of 4.3% and 5.8% respectively from 2014 to 2019.

Refinery Hydrogen Production: Biggest Market by Applications 

Refining industry is the biggest hydrogen consumer with 48% of total consumption share in 2014. Ammonia industry is second with 43% share. These top two industries have consumed 91% of total on-purpose hydrogen in 2014. The main regions driving for the growth of refinery hydrogen production are Asia & Oceania. Hydrogen has a variety of applications ranging from petroleum recovery and refining to chemical and fertilizer production, metal production and fabrication, food processing, electronics, fuel cells, pharmaceutical, aerospace, glass production, welding, and R&D labs, among others. Global on-purpose hydrogen production market is estimated to grow with CAGR of 5.4% in 2019, during the same period. Refinery application is expected to be the highest growth contributor with a CAGR of 5.8%, followed by Methanol with 4.9%, during 2014-2019. Refinery hydrogen production is projected to grow due to the increasing demand for petroleum products from developing countries like India and China, and tightening norms to reduce sulfur content in those regions.

Captive Hydrogen Production: By Mode of Delivery & Generation 

When hydrogen is generated at the point of consumption, it is known as on-site generation. If hydrogen is not generated on-site, it is produced using a centralized plant and then delivered with the help of various delivery methods such as pipeline, cylinders, and trailers. Usually, merchant producers cater to customers with small scale hydrogen requirements. However, a small number of customers in the same segment prefer to buy hydrogen generation plants instead of buying from a third party. It is very difficult to segregate these customers and hence, all small on-site production is clubbed under merchant section. The merchant production market is growing at a CAGR of 9.6% whereas; the captive production market is growing at a CAGR of 5.4% from 2014 to 2019.

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Nowadays, hydrogen for industrial purposes is produced by steam reforming of natural gas or methane. This production technology is widely used, due to easy availability and low prices of natural gas. Partial oxidation of petroleum oil is second in production capacity after steam reforming of natural gas. The third largest production technology, in terms of production capacity is gasification of coal. Apart from these three processes (technology), there are a number of methods by which hydrogen can be produced.

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