Hydrogen Boilers

Hydrogen Boilers

Hydrogen Boiler is defined as a heating device that uses hydrogen gas as its fuel instead of natural gas or other conventional fuels. Hydrogen gas is burned in a combustion chamber, producing heat that is used to warm up water which is then circulated through pipes to provide heating and hot water for homes. In addition, Hydrogen is derived either from splitting fossil fuel gas at extreme temperatures known as blue hydrogen, or by splitting water using electricity from renewables, with minimal emissions known as green hydrogen.

The Hydrogen Boilers Market is expected to grow at a steady rate of around 3% owing to the increasing technological advancements coupled with the growing environmental benefits. Major companies in the market offer hydrogen boilers for power generation plants, district heating, food processing, chemical refining, and pulp and paper mills with technologically advanced features. For instance, in Feb 2023, ‘Hydrogen-ready’ boilers are a lifeline for fossil fuel heating in Europe. To have abundant green hydrogen or clean bioenergy supplies sufficient to replace fossil fuels for heating.

• Based on technology, the market is segmented into Hydrogen Blend, Hydrogen Ready, and Hydrogen Blend-Ready. The Hydrogen Blend-Ready category is expected to grow with a significant CAGR during the forecast period. This is mainly owing to the growing awareness of the need to reduce carbon emissions and transition towards cleaner energy sources. Hydrogen blend-ready boilers offer a promising solution by allowing for the use of hydrogen as a low-carbon alternative to traditional fossil fuels. Furthermore, the development of hydrogen infrastructure, including refueling stations and transportation networks, is also driving up demand for hydrogen blend-ready boilers. As more countries commit to achieving net-zero emissions, the demand for these boilers is likely to grow.
• For a better understanding of the market adoption of the hydrogen boilers industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. Europe holds a significant market share in 2021 and is also expected to grow with a significant CAGR during the forecasted period. This is mainly owing to the rising adoption of hydrogen boilers to make the region an eco-friendly, carbon-free environment. Additionally, increasing demand for clean energy sources, as hydrogen is a clean-burning fuel that produces no greenhouse gas emissions. Additionally, hydrogen boilers offer high energy efficiency, making them an attractive option for homeowners and businesses looking to reduce their energy costs. For instance, in Feb 2023, ‘Hydrogen-ready’ boilers are a lifeline for fossil fuel heating in Europe. To have abundant green hydrogen or clean bioenergy supplies sufficient to replace fossil fuels for heating.
• Some of the major players operating in the market include Baxi; Ideal Heating; Viessmann Manufacturing Co.; Bosch Thermotechnology Ltd.; Jericho Energy Ventures; Hydrogen Technologies LLC; UNITBIRWELCO; Vaillant Group; Stork; BDR Thermea Group.