![]() Thermochemical Processes: Various processes that use heat to extract hydrogen from hydrocarbons or other feedstocks. Steam Methane Reforming (SMR): Extracts hydrogen from natural gas, with carbon dioxide as a byproduct.Įlectrolysis: Uses electricity to split water into hydrogen and oxygen, especially when powered by renewable sources ("green hydrogen").īiomass Gasification: Converts organic materials into hydrogen and other gases. Hydrogen Production: Hydrogen can be produced through several methods, including: Hydrogen storage is necessary for overcoming hydrogen's low volumetric energy density, with storage methods including compression and liquefaction. Hydrogen transportation encompasses the means by which hydrogen is moved from production facilities to distribution points and end-users, utilizing methods like gaseous hydrogen tube trailers and liquid hydrogen tankers. Hydrogen fueling stations are crucial for supplying hydrogen to fuel-cell electric vehicles and other hydrogen-powered transport and this will offer hydrogen infrastructure market opportunities.īuy This Report (348 Pages PDF with Insights, Charts, Tables, and Figures): Hydrogen utilization encompasses various applications, such as fuel cells, hydrogen combustion in internal combustion engines, and its use as a feedstock in industrial processes. Hydrogen distribution involves the network of pipelines and local distribution centers that deliver hydrogen to end-users, including industrial facilities, fueling stations, and residential applications. This includes the production, storage, transportation, and utilization of hydrogen as a clean and sustainable source of energy. Hydrogen infrastructure refers to the interconnected network of facilities, technologies, and systems essential for the entire lifecycle of hydrogen as an energy carrier. Hydrogen production involves generating hydrogen gas using various methods, such as steam methane reforming, electrolysis, and biomass gasification. The same is expected to grow at a higher CAGR during the hydrogen infrastructure market forecast period. The transportation segment garnered the highest market share for 2022. The compression segment dominated the hydrogen infrastructure market growth and is expected to maintain its position in the projected years.ĭepending on the delivery, the market is classified into transportation, refinery, power generation, and hydrogen refueling stations. However, the electrolysis segment is expected to witness rapid growth during the projection period.īy storage, the market is categorized into compression, liquefaction, and material based. ![]() Steam methane reformation is the dominant segment and is projected to grow at a considerable CAGR. The major players operating in the hydrogen infrastructure industry areīased on production, the hydrogen infrastructure market is divided into steam methane reforming, coal gasification, electrolysis, and others. Get a PDF brochure for Industrial Insights and Business Intelligence: To fully integrate hydrogen into the energy landscape, a well-developed and comprehensive hydrogen infrastructure is necessary. Hydrogen has gained attention as a potential clean and versatile energy source that can contribute to decarbonization efforts and address various energy and environmental challenges. Hydrogen infrastructure refers to the network of facilities, systems, and technologies required for the production, storage, distribution, and utilization of hydrogen as an energy carrier. The hydrogen infrastructure market size was valued at $4.9 billion in 2022, and is estimated to reach $13.5 billion by 2032, growing at a CAGR of 10% from 2023 to 2032. WILMINGTON, DELAWARE, UNITED STATES, September 11, 2023/ /. Hydrogen Infrastructure Market Size is estimated to hit $13.5 billion by 2032
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