Biogas to Hydrogen Market Analysis

Biogas to Hydrogen Market Analysis

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Based on production process, the market is segmented into autothermal reforming, steam methane reforming, partial oxidation reforming and others. The steam methane reforming segment to cross USD 461 million by 2032. Ongoing advancements in biogas production technologies, including improved anaerobic digestion processes, biogas purification techniques, and gas storage solutions aligned with implementation of carbon pricing mechanisms to reduce GHG emissions will drive the low carbon intensity methods for hydrogen production. Moreover, key factors including simplicity and low-cost technology make it accessible for small scale applications and across rural areas, thereby influencing the business dynamics.

Based on application, the biogas to hydrogen market is segmented into power generation, chemicals, marine, transport and others. The transport application segment is poised to expand at a CAGR of 23% through 2032. Biogas can be produced in large quantities, making it a viable option for industrial scale hydrogen production. Complementing various sustainable development goals including energy access, sustainable agriculture, and climate action coupled with utilization of locally available biogas resources will enable energy independence, economic development, and environmental sustainability, thereby driving the business landscape.

The Asia Pacific biogas to hydrogen market is forecasted to exceed USD 307.5 million by 2032. Ongoing hydrogen development infrastructure coupled with use of hydrogen across new applications including marine, steel making among others will contribute to the industry scenario.

For instance, in April 2023, Hyundai Motor Company planned to construct a hydrogen production facility in South Korea. The plant will produce hydrogen using organic waste from a public sewage treatment plant in Cheongju. Furthermore, increasing use of hydrogen as a versatile energy carrier along with large scale utilization across diverse applications including fuel cell vehicles, power generation, industrial processes, and energy storage is set to sway the business dynamics.