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Steam Methane Reforming Biogas to Hydrogen Market Size

  • Report ID: GMI11085
  • Published Date: Aug 2024
  • Report Format: PDF

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Steam Methane Reforming Biogas to Hydrogen Market Size

Steam Methane Reforming Biogas to Hydrogen Market was valued USD 340.2 million in 2023 and is anticipated to grow at a CAGR of 28% between 2024 and 2032. Steam methane reforming (SMR) is a chemical process that converts methane (CH4) and steam (H2O) into hydrogen (H2) and carbon dioxide (CO2) through a series of reactions. The primary feedstock for SMR in the context of biogas is methane, which is the main component of biogas. SMR is known for its high efficiency in converting methane to hydrogen.

 

Steam Methane Reforming Biogas to Hydrogen Market

SMR from biogas is expected to play a more significant role in the hydrogen economy, particularly in regions with abundant biogas resources. Continued government support, coupled with increasing pressure to decarbonize, will likely accelerate the adoption of SMR-based biogas-to-hydrogen production across the region will stimulate the industry dynamics. Furthermore, growing emphasis on integrating renewable energy sources, such as wind and solar, with SMR-based hydrogen production to create a more sustainable energy mix will accelerate the industry dynamics.
 

Paradigm shift toward the adoption of zero emission energy sources along with rising private and public sector investments toward the advancement of zero emission hydrogen production technologies has increased the deployment of steam methane reforming biogas to hydrogen which will positively impact the industry statistics. Furthermore, growing adoption of hydrogen as a clean fuel source across several sectors will complement the product penetration. Shifting focus to lower the use of conventional fuel sources owing to surging greenhouse gas emissions along with continuous introduction of various grants, initiatives and exemptions by the government bodies to adopt zero emission fuel sources will boost the industry statistics.

Authors: Ankit Gupta, Srishti Agarwal

Frequently Asked Questions (FAQ) :

The market size of steam methane reforming biogas to hydrogen was worth over USD 340.2 million in 2023 and will demonstrate a 28% CAGR from 2024 to 2032, owing to the growing demand for clean energy and hydrogen's role in decarbonization.

Steam methane reforming biogas to hydrogen market from the transport segment will record 17.5% CAGR through 2032, attributed to the increasing adoption of hydrogen as a clean fuel for vehicles.

Asia Pacific steam methane reforming biogas to hydrogen industry will exceed USD 307.5 million by 2032, driven by decarbonization, rising demand for clean energy, and the abundance of biogas resources.

Air Products and Chemicals, Inc., Alps Ecoscience, Fortescue, FuelCell Energy, Hazer Group Limited, H2B2, H2 Energy Group, Hyundai Motor Company, Kiwa, Kore, Linde Plc, Maire Tecnimont S.p.A., RGH2, SYPOX GmbH, and Technip Energies N.V., among others.

Steam Methane Reforming Biogas to Hydrogen Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 19
  • Pages: 100
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