Hydrogen Infrastructure Market By Production (Steam Methane Reforming, Coal Gasification, Electrolysis, Others), By Storage (Compression, Liquefaction, Material Based), By Delivery (Transportation, Refinery, Power Generation, Hydrogen Refueling Stations):

Hydrogen Infrastructure Market By Production (Steam Methane Reforming, Coal Gasification, Electrolysis, Others), By Storage (Compression, Liquefaction, Material Based), By Delivery (Transportation, Refinery, Power Generation, Hydrogen Refueling Stations): Global Opportunity Analysis and Industry Forecast, 2023-2032

The global hydrogen infrastructure market was valued at $4.9 billion in 2022, and is projected to reach $13.5 billion by 2032, growing at a CAGR of 10% from 2023 to 2032.

Hydrogen infrastructure is the comprehensive network of facilities, technologies, and systems required to support the entire lifecycle of hydrogen as an energy carrier. This encompasses everything from hydrogen production, storage, transportation, and utilization, all geared towards harnessing hydrogen as a clean and sustainable source of energy. Hydrogen is generated through various methods like steam methane reforming, electrolysis, and biomass gasification during the hydrogen production phase. To address hydrogen's low volumetric energy density, effective storage methods like compression and liquefaction are utilized. Hydrogen transportation involves the movement of hydrogen from production facilities to distribution points and end-users. This is achieved using methods such as gaseous hydrogen tube trailers and liquid hydrogen tankers.

The distribution phase centers around the network of pipelines and local distribution centers that deliver hydrogen to its end users. These users span industrial facilities, fueling stations, and even residential applications. Hydrogen utilization encompasses a wide range of applications, including fuel cells, hydrogen combustion in internal combustion engines, and its use as a feedstock in various industrial processes. To enable the use of hydrogen-powered vehicles and other hydrogen-based transport, hydrogen fueling stations play a crucial role in supplying hydrogen to fuel-cell electric vehicles and related transportation options. Overall, establishing a well-developed hydrogen infrastructure is fundamental for promoting hydrogen as a sustainable energy solution and facilitating its integration into various sectors of the economy.

The hydrogen infrastructure market size is studied on the basis of production, storage, delivery, and region. Based on production, the hydrogen infrastructure market is divided into steam methane reforming, coal gasification, electrolysis, and others. Electrolysis is a process of converting water into hydrogen and oxygen molecules when electricity is applied. This is done through devices called electrolyzers. The electrolyzer systems are used for breaking water into hydrogen and oxygen through electrolysis. The electrolyzers consist of a cathode, an anode, and a membrane. Hydrogen is collected on the cathode side, which is further stored for use in various industries. Oxygen is either released into the atmosphere or collected and used in further industrial processes.

By storage, the market is categorized into compression, liquefaction, and material based. Liquefaction is particularly important for large-scale storage and transportation of hydrogen because liquid hydrogen has a much higher volumetric energy density compared to gaseous hydrogen, making it more space-efficient. Liquefaction is the process of cooling hydrogen gas to extremely low temperatures, below its boiling point of approximately -253°C (-423°F), at atmospheric pressure. When hydrogen is cooled to these temperatures, it undergoes a phase change from a gas to a liquid, and its volume reduces significantly. Liquid hydrogen has a density of about 70.8 kg/m³ (at -253°C), which is approximately 1/800th the density of gaseous hydrogen at room temperature and atmospheric pressure. This tremendous reduction in volume allows for more efficient storage and transportation.

Depending on the delivery, the market is classified into transportation, refinery, power generation, and hydrogen refueling stations. Refineries are industrial facilities that process crude oil or other raw materials to produce various refined products such as gasoline, diesel, jet fuel, and chemicals. These facilities play a crucial role in the petroleum industry by converting raw materials into valuable end products. In refineries, grey hydrogen is often used to remove sulfur from crude oil, a process known as hydrodesulfurization.

By region, the hydrogen infrastructure market analysis is done across North America, Europe, Asia-Pacific, and LAMEA (Latin America, the Middle East, and Africa). Hydrogen infrastructure in North America has been steadily growing, driven by a strong commitment to decarbonization and the transition to clean energy sources. While progress varies across different regions and countries in North America, several developments and initiatives have been taken to boost the infrastructure. California has been a leader in hydrogen infrastructure development in the United States. The state has several hydrogen refueling stations, particularly in the Los Angeles and San Francisco areas, to support the growing number of fuel cell electric vehicles (FCEVs) on the roads. States in the Northeast, including New York, Connecticut, Massachusetts, and New Jersey, have collaborated on regional initiatives to promote clean energy, including hydrogen. Various research projects and public-private partnerships are advancing hydrogen infrastructure in this region.

The major players operating in the hydrogen infrastructure industry are Air Liquide, Linde plc, Nel Hydrogen ASA, Plug Power, Inc., Shell plc, ITM Power plc, Ballard Power Systems, McPhy Energy, Cummins, Inc., and Engie SA. Some countries in South-East Asia, such as Singapore and Malaysia, have shown interest in developing hydrogen infrastructure and have launched pilot projects and research initiatives to explore hydrogen's potential in the region. The Asia-Pacific region has also engaged in international collaborations to advance hydrogen infrastructure development. For example, the Asian Development Bank (ADB) and other international organizations have been supporting hydrogen initiatives in the region.

The drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of key players to increase their market share and sustain the intense competition in the industry.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen infrastructure market analysis from 2022 to 2032 to identify the prevailing hydrogen infrastructure market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the hydrogen infrastructure market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global hydrogen infrastructure market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Production

Steam Methane Reforming
Coal Gasification
Electrolysis
Others

By Storage

Compression
Liquefaction
Material Based

By Delivery

Transportation
Refinery
Power Generation
Hydrogen Refueling Stations

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Air Liquide
Ballard Power Systems
Cummins, Inc.
Engie SA
ITM Power PLC
Linde Plc
McPhy Energy
Nel Hydrogen AS
Plug Power Inc.
Shell Plc.

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