Product Overview

Hydrogen is a pure, flexible, and effective zero-emission carrier that has been abundantly found on Earth, but in its molecular form, it is not available. Water makes the manufacturing process efficient and is the primary raw material used for producing hydrogen. The commodity may be manufactured as the main product or from various feedstocks. Hydrogen is a fully renewable fuel, generated and converted efficiently into electricity to meet the energy requirement. Storage of hydrogen can be achieved in various ways such as hydrogen gases, fluids, and concrete. The catalytic reaction, hydrating and chemical conversion of hydrogen will turn into other sources of energy. The advent of the market for hydrogen production has dealt with problems of desulfurization in transportation fuel. Hydrogen is best used for industrial purposes by its lightweight, high performance, simple transport via pipelines, and low boiling point.

Market Highlights

Fatpos Global anticipates the hydrogen generation market to surpass USD XX Billion by 2030, which is valued at XX billion in 2019 at a compound annual growth rate of XX%. Demand for green and renewable fuel is anticipated to expand exponentially, with increasing levels of emissions and growing government laws for Sulphur control and reduction in fuel content. The market should drive this aspect. The main driving force is projected to be the increased use of hydrogen in various end-users. The production of hydrogen is focused on various resources such as natural gas, biomass, charcoal, and other sources of renewable and non-renewable energy. Natural gas is the main source of hydrogen production and natural-gas-based steam methane reformers are primarily used for processing.

Source: Fatpos Global

Global Hydrogen Generation Market: Segments

Global Hydrogen Generation market has been segmented based on technology type, application type, and location. It has been further segmented based on region into North America, Europe, Asia-Pacific, Mid East, and Africa.

By Application Type (in %), Global Hydrogen Generation Market, 2019

Transportation dominated the market with over XX% of the market share in 2019

Global Hydrogen Generation Market is segmented by application into Transportation, Methanol Production, Petroleum Refinery, Ammonia Production, and Power Generation.

Growing sale of fuel cell vehicles such as FCEV and fuel cell buses in North America and the Asian Pacific is responsible for the demand growth in this area. Nations such as Japan, China, and South Korea introduced a strong commitment to introduce vehicles based on fuel cells to reduce their increasing reliance on imports of gasoline fuel. Besides, the growth of infrastructure support, for example, hydrogen refueling plants, is anticipated to augment the growth in these countries as well.

By Technology Type (in %), Global Hydrogen Generation Market, 2019

Steam Reforming dominated the market with XX% Market share in 2019 and is anticipated to witness a significant growth in the forecasted period

Global Hydrogen Generation market is segmented by technology type into partial oxidation, Water Electrolysis, Steam Reforming, gasification, and others.

An important share of the market was held by Stream Reforming technology and is projected to maintain its dominance throughout the projected timeline. Steam reform is an innovative, mature hydrogen technology that extracts hydrogen from traditional sources such as natural gas using high-temperature vapor. Most large refineries and factories in central oil and gas produce hydrogen with steam reforming. Market drivers are anticipated to include factors such as enhanced financial benefits and operational benefits, including a high degree of conversion performance from steam reforming.

Source: Fatpos Global

Global Hydrogen Generation Market: Market Dynamics

Drivers

Decreased efficiency of crude oil:

Distillation fuel demand and hydrogen fuel cell growth in the forecasted are expected to stimulate global market growth. Decreased crude output nevertheless increased hydrogen’s value to manufacturing, thus improving the global market favorably.

Demand for cleaner and potential energy:

Surging demand is anticipated to drive the market for cleaner and more efficient energy production technologies for both industries and domestic requirements. The growing demand for cleaner fuels is a significant factor in global market development. Other factors responsible for potential global demand growth are the decline in crude oil quality and performance & development in the transportation industry. Strict rules are enforced to avoid problems with desulfurization while transport will improve the worldwide demand for hydrogen production.

Restraints

Highly inflammable

Hydrogen is highly inflammable in nature; it, therefore, calls for high protection when transported and the lack of suitable transport networks increases the cost of transport. This is an important factor restricting the global market for hydrogen production.

Global Hydrogen Generation Market: Key Players

Air Liquide (France)

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Messer Group (Germany)

Nuvera Fuel Cells (US)

Xebec (Canada)

Ballard Power Systems (Canada)

Plug Power (US)

Air Products and Chemicals (US)

Teledyne Energy Systems (US)

Showa Denko (Japan)

Nippon Sanso (Japan)

Hydrogenics (Canada)

Ally Hi-Tech (China)

Other prominent players

Global Hydrogen Generation Market: Regions

The Asia Pacific is anticipated to dominate the market with a market share in 2019 growing at a CAGR over the forecasted period.

The rise is expected to be driven by rapid economic development and large-scale R&D investments in nations like China, Japan, South Korea, India, and Australia. To tackle many problems, including emissions and economic inequality between urban and rural people, China is undergoing radical changes in the fuel and petroleum industry. The country is also faced with problems by factors such as increased air pollution and increased Sulphur content in the atmosphere.

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Source: Fatpos Global

Global Hydrogen Generation market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y

Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium,

Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

Turkey and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – North Africa, Israel, GCC, South Africa

Global Hydrogen Generation Market: Competitive landscape

These actors adapt policies to further improve their footprints in the market, such as providing multi-annual services contracts for current and emerging power plant shareholders. Competition among the leading suppliers is based on their gas turbines 'productivity and effectiveness, as well as their customers' associated services. To boost its market dominance due to the rapid technological change and fierce competition, technical capability and R&D are one of the most important focus areas of the industry.

For instance, A newly designed solar-powered hydrogen generation system was developed by South California Gas Co. (SoCalGas), Stars Corp., and Pacific North West National Laboratory (PNNL). Solar energy is used to convert water and natural gas into hydrogen and absorbs CO2 to prevent carbon emissions.

Global Hydrogen Generation market report also contains analysis on:

Hydrogen Generation Market Segments:

By Technology Type:

Water Electrolysis

Partial oxidation

Steam Reforming

Gasification

others

By Product Type:

Transportation

Methanol Production

Petroleum Refinery

Ammonia Production

Power Generation

Hydrogen Generation Market Dynamics

Hydrogen Generation Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Hydrogen Generation

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

5.1. Growth Drivers

5.2. Restraints

5.3. Opportunity

5.4. Trends

6. Correlation & Regression Analysis

6.1. Correlation Matrix

6.2. Regression Matrix

7. Recent Development, Policies & Regulatory Landscape

8. Risk Analysis

8.1. Demand Risk Analysis

8.2. Supply Risk Analysis

9. Hydrogen Generation Industry Analysis

9.1. Porters Five Forces

9.1.1. Threat of New Entrants

9.1.2. Bargaining Power of Suppliers

9.1.3. Threat of Substitutes

9.1.4. Rivalry

9.2. PEST Analysis

9.2.1. Political

9.2.2. Economic

9.2.3. Social

9.2.4. Technological

10. Global Hydrogen Generation Market

10.1. Market Size & forecast, 2019A-2030F

10.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Global Hydrogen Generation Market: Market Segmentation

11.1. By Regions

11.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2. By technology type : Market Share (2020-2030F)

11.2.1. partial oxidation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.2. Water Electrolysis, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.3. Steam Reforming, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.4. gasification, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.5. others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3. By application: Market Share (2020-2030F)

11.3.1. Transportation, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.2. Methanol Production, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.3. Petroleum Refinery, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.4. Ammonia Production, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.5. Power Generation type, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Company Profile

12.1. Air Liquide (France)

12.1.1. Company Overview

12.1.2. Company Total Revenue (Financials)

12.1.3. Market Potential

12.1.4. Global Presence

12.1.5. Key Performance Indicators

12.1.6. SWOT Analysis

12.1.7. Product Launch

12.2. Messer Group (Germany)

12.3. Nuvera Fuel Cells (US)

12.4. Xebec (Canada)

12.5. Ballard Power Systems (Canada)

12.6. Plug Power (US)

12.7. Air Products and Chemicals (US)

12.8. Teledyne Energy Systems (US)

12.9. Showa Denko (Japan)

12.10. Nippon Sanso (Japan)

12.11. Hydrogenics (Canada)

12.12. Ally Hi-Tech (China)

12.13. Other prominent players

13. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)