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Captive Petroleum Refinery Hydrogen Generation Market Size

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

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Captive Petroleum Refinery Hydrogen Generation Market Size

Captive Petroleum Refinery Hydrogen Generation Market was valued at USD 47.6 billion in 2023 and is anticipated to grow at a CAGR of 6.5% from 2024 to 2032. It refers to the on-site production of hydrogen specifically for use within a petroleum refinery. In this setup, hydrogen is generated through processes such as steam methane reforming or electrolysis, to meet the refinery's own requirements for hydrogen in various operations, such as desulfurization and hydrocracking. This method allows refineries to produce hydrogen independently, reducing reliance on external suppliers and ensuring a consistent supply for their processes.

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Increasing focus to reduce carbon emissions and sulfur content in fuels in line with growing demand for cleaner fuels, such as ultra-low sulfur diesel (ULSD) and other environmentally friendly products will propel the process adoption. Rising adoption of processes offering refineries greater energy security by reducing dependence on third-party suppliers will foster the business landscape.

Captive Petroleum Refinery Hydrogen Generation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Captive Petroleum Refinery Hydrogen Generation Market Size in 2023:	USD 47.6 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6.5%
2032 Value Projection:	USD 82.6 Billion
Historical Data for:	2021 - 2023
No. of Pages:	80
Tables, Charts & Figures:	25
Segments covered:	Process, and Region
Growth Drivers:	Environmental regulations Growing demand for clean fuels Integration with renewable hydrogen
Pitfalls & Challenges:	Limited hydrogen infrastructure

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Growing innovations in hydrogen production technologies to reduce operational costs, increase energy efficiency, and lower emissions are encouraging refineries to adopt captive systems. Furthermore, rising fluctuations in global hydrogen supply chains, especially during geopolitical tensions or supply disruptions, push refineries toward self-sufficiency, thereby strengthening the process penetration.

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.