Global Hydrogen Boiler Market - Growth, Trends, and Forecast to 2028

Global Hydrogen Boiler Market - Growth, Trends, and Forecast to 2028

A hydrogen boiler is a gas-fired heating boiler capable of burning pure (100%) hydrogen. The majority of the hydrogen boilers in the market are hydrogen ready boilers. A hydrogen ready boiler on the other hand is capable of burning either natural gas or pure (100%) hydrogen or hydrogen blend. Hydrogen ready steam boilers are the key to converting the existing gas boilers from using natural gas (mostly methane) to hydrogen energy.

Carbon dioxide, nitrogen, oxygen, water, carbon monoxide, nitrogen oxide, sulphur oxides, volatile organic compounds, and particulate matter are all emitted when standard fossil fuels (natural gas and Oil) are burned in commercial and industrial boilers. The latter five combustion products are considered pollutants and are known to have harmful effects on humans and the environment, either directly or indirectly.

As industries and businesses are taking initiatives to reduce their carbon footprint to improve their ESG rating and to thrive in the market. The boiler market is no exception and is under plans to switch to sustainable fuels such as hydrogen. Though the hydrogen boiler technology is still in its developmental stage it has a huge potential to disrupt the conventional fossil gas-based boilers market.

Potential Drivers of the Global Hydrogen Boiler Market

Rising Government Support and Regulations for Hydrogen Infrastructure Development

Major economies in the world are keen on developing hydrogen economy and infrastructure in order to reduce their reliance on fossil fuels and to achieve nationally determined emission reduction targets. In order to promote hydrogen technologies, governments are offering incentives and subsidies for the development and deployment of hydrogen technologies (hydrogen fuel cells), which can help to make these systems more financially attractive to consumers and businesses.

More than 40% of Europe's gas use comes from heating homes, which is more than industry and electric utilities.

Replacing gas-fired boilers is a key part of the UK's plan to have net zero greenhouse gas emissions by 2050 to combat climate change. Around a fifth of greenhouse gas emissions come from homes. In line with it, the UK government proposed banning the installation of conventional gas boilers in homes from 2026 and replacing them with hydrogen ready heating systems.

Under the plan, new boilers installed after a certain date would still use natural gas, but they would have to be able to switch to hydrogen, which does not release carbon dioxide when burned, in the future.

Some countries have already put a date on when new gas boilers can no longer be put in. Under its energy transition plans, Austria passed a law that bans gas and oil heating in new buildings and the sale of replacements for old buildings starting next year. This is two years earlier than what was originally planned.

In October 2021, the Alternative Fuels Infrastructure Facility was launched by the European Commission. The USD 1.5 billion fund helps build zero-emissions infrastructure, like fast-charging stations and hydrogen refuelling stations. With the help of the fund, European countries aim to be closer to their goal of having one million charging stations by 2025 and 3.5 million by 2030.

In June 2022, the U.S. Department of Energy (DOE) put out a Notice of Intent (NOI) to fund the USD 8 billion program in the Bipartisan Infrastructure Law to build regional clean hydrogen hubs (H2Hubs) across the country. H2Hubs will set up networks of hydrogen producers, consumers, and local connections to speed up the use of hydrogen as a clean energy carrier.

The DOE's plan to reach President Biden's goals of a 100% clean electrical grid by 2035 and net-zero carbon emissions by 2050 considers the production, processing, delivery, storage, and final use of clean hydrogen (green and blue hydrogen) crucial. It also includes industrial uses of hydrogen fuel.

Some of the other drivers include increasing demand for space heating and water heating in residential and commercial sectors, growing pressure on governments to reduce industrial GHG emissions amid surging energy consumption, demand from F&B, Pharma, Chemicals, and other end-user industries, and corporations' increased focus on sustainability and emission reductions due to government regulations and to build goodwill among consumers and shareholders.

Domestic boilers had reached the installations of 150 million around the world. So, with the advent of hydrogen boiler technology and regulations, there is enormous replacement demand for hydrogen gas boilers.

In the UK, the government and energy experts within the UK are best assessing how to heat existing homes while lowering carbon emissions from natural gas boilers, and heat pumps, where hydrogen boilers could have a key role to play.

Currently, around 85% of UK homes are heated with polluting natural gas, and experts consider hydrogen technology to have a key role in helping the UK reach net zero by 2050. This is because the main by-product of burning hydrogen gas is water.

A hydrogen ready boiler would work in a similar way to existing gas boilers. The key difference is that it could heat the home with natural gas and pure hydrogen.

Hydrogen boilers would be installed the same way as gas boilers and look very similar. They would be connected to the gas network, with fuel being delivered to the unit when heating and hot water are needed.

Hydrogen Boiler Market Opportunities

Growing demand for multi-fuel fired steam boilers (including hydrogen-ready) and replacement of oil and ageing boilers in the industries with sustainable and low emission boiler technologies offer a great opportunity for the industrial hydrogen boilers market players.

Rising interest in the Steam-as-a-Service (SaaS) business model

The EU plans to phase out fossil fuel boilers in the residential sector, offer a great opportunity for the domestic boiler market to expand in the future.

Targeting markets with high growth potential - Germany, Japan, and other countries that promote hydrogen usage and industry development - are some of the opportunities that boiler manufacturers can capitalize on.

Hydrogen Boiler Market Challenges

To produce hydrogen on a large scale in a cost-effective manner by using electrolyzers.

Hydrogen can also react with some metals and can even damage certain pipeworks.

The basic technology of hydrogen production is relatively straightforward. The larger challenge surrounds the logistics of hydrogen supply, as pipeline infrastructure will need to be converted, and more efficient methods of transporting hydrogen will need to be developed.

Hydrogen Boiler Market Restraints

Competition from conventional, electric boilers and alternate technologies market such as heat pumps.

Hydrogen heating can be costly, especially green hydrogen which can limit its use by the masses unless its cost becomes on par with fossil fuel boilers.

Immature hydrogen supply chain.

Some of the Recent Developments

In Jan 2023, HYFLEXPOWER consortium successfully demonstrated power generation from a 30/70 hydrogen to natural gas blend in France's Smurfit Kappa Saillat Paper Mill.

The government has also invested GBP 25 million into the Hy4Heat program, a pilot scheme in Scotland to heat 300 homes with 100% hydrogen via the existing gas grid due to take place in 2023.

Targets to ensure all new heating systems installed in UK homes by 2035 use low-carbon technologies, such as electric heat pumps, or support new technologies like hydrogen boilers.

Hydrogen Technologies lnc, LLC, a wholly owned subsidiary of Jericho Energy Ventures Inc. announced in Sept 2022 that, its Dynamic Combustion Chamber (DCC) hydrogen boiler has been validated as operating with an overall GHG-free energy efficiency of nearly 100%. The DCC is the world's only hydrogen boiler with zero C02 and zero Greenhouse Gas emissions.

In March 2022, Vynova Group, a company that produces Chlor-alkali and PVC, installed a hydrogen-fired steam boiler system at its plant in Tessenderlo, Belgium. As part of Vynova's production processes, hydrogen is obtained as a by-product. That hydrogen will serve as fuel for the new steam boiler. Vynova will use the produced steam in its processes, for instance, to sterilize its products and for heating.

The new report from Blackridge Research on Global Hydrogen Boiler Market comprehensively analyses the Hydrogen Boiler Market and provides deep insight into the current and future state of the industry.

The study examines the drivers, restraints, and regional trends influencing Global Hydrogen Boiler Market demand and growth.

The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the Hydrogen Boiler Market, important commercial developments, trends, regions, and segments poised for fastest growth, competitive landscape, and market share of key players.

Further, the report will also provide Hydrogen Boiler Market size, demand forecast, and growth rates.

What Do We Cover in the Report?

Hydrogen Boiler Market Drivers & Restraints

The study covers all the major underlying forces that help the market develop and grow and the factors that constrain the growth.

The report includes a meticulous analysis of each factor, explaining the relevant, qualitative information with supporting data.

Each factor's respective impact in the near, medium, and long term will be covered using Harvey balls for visual communication of qualitative information and functions as a guide for you to analyze the degree of impact.

Hydrogen Boiler Market Analysis

This report discusses the overview of the market, the latest updates, important commercial developments and structural trends, and government policies and regulations.

This section provides an assessment of COVID-19 impact on the Hydrogen Boiler Market demand.

Hydrogen Boiler Market Size and Demand Forecast

The report provides Global Hydrogen Boiler Market size and demand forecast until 2028, including year-on-year (YoY) growth rates and CAGR.

Hydrogen Boiler Market Industry Analysis

The report examines the critical elements of the hydrogen boiler industry supply chain, its structure, and the participants

Using Porter's five forces framework, the report covers the assessment of the hydrogen boiler industry's state of competition and profitability.

Hydrogen Boiler Market Segmentation & Forecast

The report dissects the Global Hydrogen Boiler Market into various segments. A detailed summary of the current scenario, recent developments, and market outlook will be provided for each segment.

Further, market size and demand forecasts will be presented along with various drivers and barriers for individual market segments.

Effective market segmentation enables you to identify emerging trends and opportunities for long-term growth. Contact us for "bespoke" market segmentation to better align the research report with your requirements.

Regional Market Analysis

The report covers detailed profiles of major countries across the world. Each country's analysis covers the current market scenario, market drivers, government policies & regulations, status of the associated hydrogen market in different regions, and market outlook.

In addition, market size, demand forecast, and growth rates will be provided for all regions.

Following are the notable countries covered under each region.

North America - United States, Canada, Mexico, and the Rest of North America

Europe - Germany, France, United Kingdom (UK), Russia, and Rest of Europe

Asia-Pacific - China, India, Japan, South Korea, Australia, Rest of APAC

Rest of the World - Saudi Arabia, Brazil, Nigeria, South Africa, and other countries

Key Company Profiles

This report presents detailed profiles of Key companies in the hydrogen boiler industry. Some of the major companies listed include Worcester Bosch, Jericho Energy Ventures Inc, etc. Generally, each company profile includes an overview of the company, relevant products and services, a financial overview, and recent developments.

Competitive Landscape

The report provides a comprehensive list of notable companies in the market, including mergers and acquisitions (M&As), joint ventures (JVs), partnerships, collaborations, and other business agreements.

The study also discusses the strategies adopted by leading players in the industry.

Executive Summary

Executive summary will be jam-packed with charts, infographics, and forecasts. This chapter summarizes the findings of the report crisply and clearly.

The report begins with an Executive Summary chapter and ends with Conclusions and Recommendations.

Also, check out our latest report on the Global Industrial hydrogen Boiler Market
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