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Electrolysis Captive Hydrogen Generation Market Size

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

Electrolysis Captive Hydrogen Generation Market Size

The global electrolysis captive hydrogen generation market was valued USD 11.1 billion in 2023 and is estimated to grow at a CAGR of over 7% between 2024 and 2032. It refers to the production of hydrogen on-site at industrial facilities or power plants using electrolysis, a process that splits water into hydrogen and oxygen using electricity. The generated hydrogen is termed "captive" because it is primarily produced for internal or specific local consumption rather than being distributed widely in the market.

 

Increasing pressure on industries to reduce greenhouse gas emissions and align with global climate goals will drive process adoption, allowing facilities to produce hydrogen without carbon emissions, meeting stringent environmental regulations and supporting long-term sustainability targets. Additionally, rising government policies such as tax incentives and subsidies for green hydrogen production will future accelerate its adoption.
 

Growing focus of industries to have greater control over their hydrogen supply to enhance energy security and reduce their dependency on external suppliers and complex hydrogen logistics will uplift process adoption. Furthermore, this localized production model also ensures a reliable and continuous hydrogen supply for critical industrial operations, making on-site a preferred clean fuel production choice. Declining costs of renewable energy sources such as solar and wind are making electrolysis more economically feasible for captive hydrogen generation, driving the business scenario.
 

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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