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Captive Hydrogen Generation Market Size

Report ID: GMI9594
Published Date: May 2024
Report Format: PDF

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Captive Hydrogen Generation Market Size

Captive Hydrogen Generation Market was valued at USD 132.3 billion in 2023 and is anticipated to grow at a CAGR of over 6.4% from 2024 to 2032. It refers to the on-site production of hydrogen specifically for the use of a single facility or organization. It is specially designed to meet the specific needs of the facility where they are installed and ensures a reliable, cost-effective, and efficient supply of hydrogen, tailored to the operational demands of the end user.

Captive Hydrogen Generation Market

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Rising shift towards decarbonization and the adoption of sustainable energy solutions to reduce greenhouse gas emissions, particularly in industries including refining, chemical production, and transportation is set to influence the product adoption. Further, improving advancements in clean energy production to enhance the efficiency, cost effectiveness, and scalability of products is set to escalate the process adoption.

Captive Hydrogen Generation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Captive Hydrogen Generation Market Size in 2023:	USD 132.3 Billion
Forecast Period:	2024 – 2032
2024 – 2032 Value Projection:	USD 227.3 Billion
Historical Data for:	2021 – 2023
No. of Pages:	95
Tables, Charts & Figures:	65
Segments covered:	Process, Application and Region
Growth Drivers:	Increasing demand for clean energy solutions Rising government support and policies Growing requirement for customized hydrogen production solutions
Pitfalls & Challenges:	High initial capital investment

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Increasing demand for consistent and reliable hydrogen supply from industries with critical operational needs, such as petrochemical plants, and refineries is boosting the process demand owing to its reduced supply chain distribution risk and fluctuating market prices. Furthermore, supportive government policies and incentives aimed at promoting clean energy adoption and encouraging companies to invest in clean gas production will strengthen the market landscape.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of captive hydrogen generation was reached USD 132.3 billion in 2023 and will grow at 6.4% CAGR during 2024 to 2032, driven by rising shift towards decarbonization.

The steam reformer process segment of the captive hydrogen generation market is projected to grow by more than USD 197 billion by 2032, on account of its high efficiency, and capability of converting hydrocarbons such as natural gas or methane into hydrogen with high yields.

Europe captive hydrogen generation market is anticipated to exceed USD 46.6 billion by 2032, driven by the rising implementation of ambitious renewable energy targets.

Air Products and Chemicals, Inc, Cummins Inc, Enapter, Hitachi Zosen Corporation, HoSt Group, Linde plc, McPhy Energy S.A, Messer Group GmbH, NEL Hydrogen, NEXT Hydrogen, and Siemens Energy among others.