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Petroleum Refinery Merchant Hydrogen Generation Market Trends

Report ID: GMI11354
Published Date: Sep 2024
Report Format: PDF

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Petroleum Refinery Merchant Hydrogen Generation Market Trends

Growing demand for solutions offering extensive and well-developed supply chains, ensuring a reliable and consistent hydrogen supply is fostering process adoption to leverage their infrastructure and logistics capabilities to deliver hydrogen efficiently, minimizing downtime and operational disruptions. Additionally, growing investments in hydrogen infrastructure and the development of hydrogen hubs globally are boosting the merchant hydrogen market.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of petroleum refinery merchant hydrogen generation was worth over USD 10.3 billion in 2023 and will record a 7.6% CAGR between 2024 and 2032, driven by the stringent environmental regulations aimed at reducing emissions and improving air quality.

The steam reformer segment of petroleum refinery merchant hydrogen generation market will cross USD 17 billion by 2032, bolstered by their long operational life and robust technology, making them a trusted choice for merchant hydrogen suppliers.

Asia Pacific market for petroleum refinery merchant hydrogen generation is set to surpass USD 5.5 billion by 2032, stimulated by rapid industrialization and urbanization.

ITM Power, Green Hydrogen Systems, KBR, Inc., Nel ASA, Thyssenkrupp, and Uniper SE, among others.