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Steam Reformer Captive Hydrogen Generation Market Size

Report ID: GMI11787
Published Date: Oct 2024
Report Format: PDF

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Steam Reformer Captive Hydrogen Generation Market Size

The global steam reformer captive hydrogen generation market was valued at USD 117 billion in 2023 and is estimated to grow at a CAGR of over 6.2% from 2024 to 2032. It refers to an on-site hydrogen production method where the hydrogen is generated at the point of use, such as within an industrial facility such as a refinery or chemical plant. This process involves the conversion of hydrocarbons, primarily natural gas, into hydrogen through a steam methane reforming process.

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Rising demand for cost-efficient solutions for hydrogen generation offering high energy efficiency ranging from 65% to 75% will uplift the product adoption. Increasing demand for on-site clean fuel production, allowing industrial facilities, such as refineries and chemical plants, to maintain operational budgets while reducing dependency on external suppliers will improve the business scenario.

Steam Reformer Captive Hydrogen Generation Market Report Attributes
Report Attribute	Details
Base Year:	2023
Steam Reformer Captive Hydrogen Generation Market Size in 2023:	USD 117 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 197.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	60
Tables, Charts & Figures:	20
Segments covered:	Application and Region
Growth Drivers:	Strategic alignment with decarbonization goals Regional energy security and supply chain optimization Technology advancements and scalability
Pitfalls & Challenges:	Limited hydrogen infrastructure

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Rising focus of companies to have complete operational control over production parameters to achieve predictable hydrogen output, customized purity levels, and on-demand availability will augment the process penetration. Furthermore, increasing demand for a consistent clean fuel supply for sensitive processes, such as hydrocracking or chemical synthesis will boost advanced process adoption offering real-time monitoring and advanced automation technologies.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of steam reformer captive hydrogen generation was surpassed USD 117 billion in 2023 and is projected to witness more than 6.2% CAGR from 2024 to 2032, driven by the rising demand for on-site clean fuel production in industrial facilities like refineries and chemical plants.

The Europe steam reformer captive hydrogen generation market is set to exceed USD 39 billion by 2032, on account of regional energy security and supply chain optimization.

The steam reformer captive hydrogen generation market for chemical applications is expected to exceed USD 100 billion by 2032, propelled by increasing demand for clean fuel in chemical processes and the need for cost-effective, flexible solutions that eliminate transportation and delivery costs of merchant hydrogen.

Prominent key players in the steam reformer captive hydrogen generation market are Air Products and Chemicals, Clariant, Chennai Petroleum Corporation, HyGear, Linde Gas, Messer Group, Mangalore Refinery and Petrochemicals, Nuberg EPC, Raven, Siemens Energy, and Thyssenkrupp.