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Captive Hydrogen Generation Market Trends

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

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Captive Hydrogen Generation Market Trends

Rising inclination of companies to adopt solutions with reduced logistic costs and avoid the price volatility associated with hydrogen procurement from external suppliers is expected to enhance the process penetration. Furthermore, increasing industries adoption of processes offering customized products to meet precise requirements, optimizing efficiency and reducing operational costs will create opportunities for market growth.

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.