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Electrolysis Captive Hydrogen Generation Market Analysis

  • Report ID: GMI11738
  • Published Date: Oct 2024
  • Report Format: PDF

Electrolysis Captive Hydrogen Generation Market Analysis

Based on application, the electrolysis captive hydrogen generation industry from chemical sector is projected to surpass USD 11 billion by 2032. Increasing pressure on chemical factories to align with stringent regulations and policies aimed at reducing industrial emissions is pushing companies to explore cleaner hydrogen production pathways leading to boost process adoption. Rising integration of large facilities with renewable energy systems will propel on site electrolysis adoption to get excess electricity for hydrogen production. It also ensures a stable and cost-effective clean fuel supply, reducing the dependency on grid power and external sources.
 

Asia Pacific Electrolysis Captive Hydrogen Generation Market Size, 2022-2032 (USD Billion)

Asia Pacific electrolysis captive hydrogen generation market is anticipated to cross over USD 12 billion by 2032. Growing industrialization and hydrogen policies including the “Basic Hydrogen Strategy” aimed at developing a full-scale hydrogen economy by 2030, and South Korea’s “Hydrogen Economy Roadmap” targets 6.2 million fuel cell vehicles by 2040 will complement the industry outlook.
 

Additionally, China’s national clean energy plan, which emphasizes hydrogen's role in achieving peak emissions by 2030 and carbon neutrality by 2060, is encouraging investments in electrolyzer infrastructure to support industrial applications. Rising push for low-carbon technologies in sectors such as steel production will drive the demand for captive electrolysis systems significantly.
 

In the U.S. rising federal incentives including the introduction of the Inflation Reduction Act (IRA), which provides substantial tax credits for green hydrogen production, aiming to lower the cost of electrolysis-based clean energy will stimulate process adoption. Growing transition of chemical and refining sectors to low-carbon industrial processes to meet stringent emission regulations will additionally augment the process penetration.
 

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size for electrolysis captive hydrogen generation reached USD 11.1 billion in 2023 and is likely to register 7% CAGR from 2024 to 2032, due to the decarbonization goals and regulatory compliance.

The chemical sector's electrolysis captive hydrogen generation market is expected to surpass USD 11 billion by 2032, propelled by increasing regulatory pressure on factories to reduce emissions, prompting adoption of cleaner hydrogen production methods.

The Asia Pacific electrolysis captive hydrogen generation market is expected to surpass USD 12 billion by 2032, driven by industrialization and supportive hydrogen policies.

Key players in the electrolysis captive hydrogen generation market include Air Products and Chemicals, Cummins, Enapter, GreenH Electrolysis, Hitachi Zosen Corporation, Linde, McPhy Energy, MVS Engineering, Mangalore Refinery and Petrochemicals, Messer Group, NEL Hydrogen, and Siemens Energy.

Electrolysis Captive Hydrogen Generation Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 25
  • Countries covered: 17
  • Pages: 75
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