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Steam Reformer Captive Hydrogen Generation Market Trends

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

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Steam Reformer Captive Hydrogen Generation Market Trends

Increasing energy security concerns, particularly in areas with limited hydrogen infrastructure will propel the on-site clean fuel production to reduce risks associated with supply chain disruptions, such as transportation bottlenecks or geopolitical tensions affecting gas supplies. Rising technological advancements to access smaller operations and new market entrants coupled with scalable process adoption with reduced carbon footprint will complement the process growth.

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.