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Captive Petroleum Refinery Hydrogen Generation Market Share

Report ID: GMI10955
Published Date: Aug 2024
Report Format: PDF

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Captive Petroleum Refinery Hydrogen Generation Market Share

Captive Petroleum Refinery Hydrogen Generation Company Market Share

Eminent players are investing heavily in research and development to improve the efficiency of hydrogen generation technologies including steam methane reforming (SMR) and autothermal reforming (ATR). Additionally, key players are integrating carbon capture and storage (CCS) technologies into their systems to minimize carbon emissions, addressing both regulatory pressures and corporate sustainability goals. These innovations help companies meet the growing demand for low-carbon hydrogen solutions while optimizing refinery processes. Furthermore, to bolster their presence in captive hydrogen generation, major players are entering strategic partnerships with refineries, natural gas suppliers, and technology providers.

Captive Petroleum Refinery Hydrogen Generation Market Companies

Eminent players operating in the captive petroleum refinery hydrogen generation industry are:

Air Liquide
Air Products and Chemicals
Chennai Petroleum Corporation (CPCL)
Emerson
Fluor Corporation
GAIL Limited
Maire Tecnimont
Nel Hydrogen
Next Hydrogen
Technip Energies

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of captive petroleum refinery hydrogen generation was worth over USD 47.6 billion in 2023 and will showcase about 6.5% CAGR between 2024 and 2032, due to the increasing demand for hydrogen in refining processes, such as hydrocracking and desulfurization.

Captive petroleum refinery hydrogen generation market from the steam reformer segment will surpass USD 71.6 billion by 2032, driven by its efficiency and proven technology in producing hydrogen from natural gas.

Asia Pacific captive petroleum refinery hydrogen generation market will cross USD 32.7 billion by 2032, owing to its rapidly expanding industrial base and increasing demand for refined petroleum products.

Key players operating in the captive petroleum refinery hydrogen generation industry are Air Liquide, Air Products and Chemicals, Chennai Petroleum Corporation (CPCL), Emerson, Fluor Corporation, GAIL Limited, Maire Tecnimont, Nel Hydrogen, Next Hydrogen, and Technip Energies, among others.