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Biogas to Hydrogen Market Trends

Report ID: GMI9413
Published Date: May 2024
Report Format: PDF

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Biogas to Hydrogen Market Trends

Ongoing replacement of traditional hydrogen production processes into renewable methods along with rising strategic partnerships and joint ventures for project development will drive the business scenario. For instance, in July 2022, SK Ecoplant CO. LTD., Yonsei University, and Korea Institute of Production Technology jointly launched the Future Hydrogen Source Technology Development Project. It further uses organic waste to produce hydrogen while improving the production rate by nearly 20 times. In addition, improvements in catalyst efficiency, reactor design, and process optimization will drive down the production cost which will propel the product adoption.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of biogas to hydrogen reached USD 340.2 million in 2023 and is set to witness 28% CAGR during 2024-2032, led by readily available feedstock for biogas development and multiple plans for the expansion of biogas ecosystem.

The steam methane reforming production process segment will cross USD 461 million by 2032, driven by ongoing advancements in biogas production technologies.

Asia Pacific biogas to hydrogen industry is forecasted to exceed USD 307.5 million by 2032, driven by the ongoing hydrogen development infrastructure coupled with use of hydrogen across new applications.

Air Products and Chemicals, Inc., Alps Ecoscience, Fortescue, FuelCell Energy, Hazer Group Limited, H2B2, H2 Energy Group, and Hyundai Motor Company among others.