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Steam Methane Reforming Biogas to Hydrogen Market Trends

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

Steam Methane Reforming Biogas to Hydrogen Market Trends

Integration of SMR biogas facilities near transport hubs allows for localized hydrogen production, reducing the need for extensive hydrogen transportation and infrastructure. This localized production is crucial for regions with abundant biogas resources which will stimulate the industry trend. Advances in SMR technology, including improved catalysts and process optimization, are enhancing the efficiency and reducing the emissions associated with biogas-to-hydrogen conversion. These advancements make the process more viable for large-scale applications which will boost the business scenario. Additionally, regions with strong agricultural sectors are exploring the use of biogas for hydrogen production, particularly in rural areas where biogas resources are plentiful will enhance the industry growth.

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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