정유 수소 생성 시장 : 세계 규모, 점유율, 동향 분석, 기회, 예측(2019-2030년)

Global Petroleum Refining Hydrogen Generation Market Size Booming to Touch USD 91.6 Billion by 2030

Global Petroleum Refining Hydrogen Generation Market is flourishing primarily due to a rising need for cleaner fuels, expanded refining capacities, a shift toward renewable energy for hydrogen production, and the cost advantages of producing hydrogen in-house.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Petroleum Refining Hydrogen Generation Market size by value at USD 57.9 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global Petroleum Refining Hydrogen Generation Market size to expand at a CAGR of 6.4% reaching a value of USD 91.59 billion by 2030. The Petroleum Refining Hydrogen Generation Market across the regions is propelled by the growing demand for hydrogen in refining processes such as hydrotreating, hydrocracking, and catalytic reforming. Hydrogen is essential for impurity removal, crude oil upgrading, and producing high-quality fuels and petrochemicals. Stringent environmental regulations and fuel quality standards necessitate cleaner and more efficient refining processes, further propelling market growth. Additionally, the global rise in transportation fuels and petrochemical products boosts hydrogen usage to enhance product quality and profitability. Advances in hydrogen production technologies and collaborations among oil companies, technology providers, and government agencies to develop hydrogen infrastructure and promote hydrogen economy initiatives are expected to create new opportunities for Global Petroleum Refining Hydrogen Generation Market expansion.

Opportunity - Governments' incentives for clean hydrogen production

Incentives for clean hydrogen production by governments across countries are catalyzing significant opportunities in the global petroleum refining hydrogen generation market. Policies like the US National Clean Hydrogen Strategy and the European Union's REPowerEU aim to scale green hydrogen production and reduce reliance on fossil fuels. These initiatives promote technological advancements and create robust markets for green hydrogen, directly impacting the petroleum refining sector. As governments allocate billions in funding and create supportive regulatory frameworks, the petroleum refining industry stands to benefit from increased demand for hydrogen, driving innovation and investment in cleaner production methods. This synergy between policy and industry is crucial for achieving global decarbonization goals and fostering sustainable growth in the energy sector.

Europe to Dominate Global Petroleum Refining Hydrogen Generation Market

The European Union's ambitious energy transition goals, including the European Green Deal and the EU hydrogen strategy, are driving petroleum refineries to explore hydrogen production from renewable sources. This shift aims to meet sustainability targets and reduce carbon emissions, fostering business growth. Investments in advanced technologies, such as proton exchange membrane and alkaline electrolysis for green hydrogen production, are expected to create growth opportunities and enhance product competitiveness, positioning Europe as a leader in the global market.

Impact of Escalating Geopolitical Tensions on Global Petroleum Refining Hydrogen Generation Market

Intensifying geopolitical tensions can have a multifaceted impact on the Global Petroleum Refining Hydrogen Generation Market. Amid the current energy crisis, ensuring energy security requires diversifying supplies and pursuing decarbonization in the short, medium, and long term. Hydrogen, essential as both a raw material and a future green energy carrier, holds significant importance. However, countries like Germany, with limited domestic potential for green hydrogen production, must rely heavily on imports, raising supply security concerns. The global hydrogen market's emergence and the ongoing energy transition amplify geopolitical implications. By 2050, substantial international trade in green hydrogen will introduce new risks compared to traditional fossil fuels. Managing these risks is crucial for stabilizing hydrogen supply chains and ensuring market growth.

Competitive Landscape

Global Petroleum Refining Hydrogen Generation Market is highly fragmented, with numerous players serving the market. The key players dominating the market include Air Products and Chemicals, Inc, Air Liquide, BP Plc, ExxonMobil, Cummins Inc, Linde plc, Indian Oil Corporation Ltd, Messer Group GmbH, Nel Hydrogen, Praxair, Inc, Reliance Industries Ltd, Resonac Corporation, Shell Global, and TotalEnergies SE. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in Global Petroleum Refining Hydrogen Generation Market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and Global Petroleum Refining Hydrogen Generation Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Petroleum Refining Hydrogen Generation Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

1. Research Framework

• 1.1. Research Objective
• 1.2. Product Overview
• 1.3. Market Segmentation

2. Executive Summary

3. Global Petroleum Refining Hydrogen Generation Market Insights

• 3.1. Industry Value Chain Analysis
• 3.2. DROC Analysis
  • 3.2.1. Growth Drivers
    • 3.2.1.1. Growing demand for cleaner fuels
    • 3.2.1.2. Increasing refining capacity
    • 3.2.1.3. Shift towards renewable energy for hydrogen production
    • 3.2.1.4. Cost benefits of captive hydrogen production
  • 3.2.2. Restraints
    • 3.2.2.1. High capital expenditure for hydrogen production units
    • 3.2.2.2. Fluctuating energy prices impacting hydrogen production costs
    • 3.2.2.3. Limited infrastructure for hydrogen transportation and storage
  • 3.2.3. Opportunities
    • 3.2.3.1. Government incentives for clean hydrogen production
    • 3.2.3.2. Technological advancements in hydrogen production methods
    • 3.2.3.3. Hydrogen as a clean energy carrier for transportation and power generation
  • 3.2.4. Challenges
    • 3.2.4.1. Competition from alternative refining processes
    • 3.2.4.2. Safety concerns regarding hydrogen production, storage, and transportation
    • 3.2.4.3. Public perception issues related to hydrogen safety and environmental impact
• 3.3. Technological Advancements/Recent Developments
• 3.4. Regulatory Framework
• 3.5. Porter's Five Forces Analysis
  • 3.5.1. Bargaining Power of Suppliers
  • 3.5.2. Bargaining Power of Buyers
  • 3.5.3. Threat of New Entrants
  • 3.5.4. Threat of Substitutes
  • 3.5.5. Intensity of Rivalry

4. Global Petroleum Refining Hydrogen Generation Market: Marketing Strategies

5. Global Petroleum Refining Hydrogen Generation Market Overview

• 5.1. Market Size & Forecast, 2019-2030
  • 5.1.1. By Value (USD Billion)
• 5.2. Market Share and Forecast
  • 5.2.1. By Delivery Mode
    • 5.2.1.1. Captive
    • 5.2.1.2. Merchant
  • 5.2.2. By Process
    • 5.2.2.1. Steam Methane Reforming (SMR)
    • 5.2.2.2. Electrolysis
    • 5.2.2.3. Partial Oxidation
    • 5.2.2.4. Auto-Thermal Reforming (ATR)
    • 5.2.2.5. Biomass Gasification
    • 5.2.2.6. Others
  • 5.2.3. By Region
    • 5.2.3.1. North America
    • 5.2.3.2. Europe
    • 5.2.3.3. Asia Pacific (APAC)
    • 5.2.3.4. Latin America (LATAM)
    • 5.2.3.5. Middle East and Africa (MEA)

6. North America Petroleum Refining Hydrogen Generation Market

• 6.1. Market Size & Forecast, 2019-2030
  • 6.1.1. By Value (USD Billion)
• 6.2. Market Share & Forecast
  • 6.2.1. By Delivery Mode
  • 6.2.2. By Process
  • 6.2.3. By Country
    • 6.2.3.1. United States
    • 6.2.3.1.1. By Delivery Mode
    • 6.2.3.1.2. By Process
    • 6.2.3.2. Canada
    • 6.2.3.2.1. By Delivery Mode
    • 6.2.3.2.2. By Process

7. Europe Petroleum Refining Hydrogen Generation Market

• 7.1. Market Size & Forecast, 2019-2030
  • 7.1.1. By Value (USD Billion)
• 7.2. Market Share & Forecast
  • 7.2.1. By Delivery Mode
  • 7.2.2. By Process
  • 7.2.3. By Country
    • 7.2.3.1. Germany
    • 7.2.3.1.1. By Delivery Mode
    • 7.2.3.1.2. By Process
    • 7.2.3.2. United Kingdom
    • 7.2.3.2.1. By Delivery Mode
    • 7.2.3.2.2. By Process
    • 7.2.3.3. Italy
    • 7.2.3.3.1. By Delivery Mode
    • 7.2.3.3.2. By Process
    • 7.2.3.4. France
    • 7.2.3.4.1. By Delivery Mode
    • 7.2.3.4.2. By Process
    • 7.2.3.5. Spain
    • 7.2.3.5.1. By Delivery Mode
    • 7.2.3.5.2. By Process
    • 7.2.3.6. Belgium
    • 7.2.3.6.1. By Delivery Mode
    • 7.2.3.6.2. By Process
    • 7.2.3.7. Russia
    • 7.2.3.7.1. By Delivery Mode
    • 7.2.3.7.2. By Process
    • 7.2.3.8. Rest of Europe
    • 7.2.3.8.1. By Delivery Mode
    • 7.2.3.8.2. By Process

8. Asia Pacific Petroleum Refining Hydrogen Generation Market

• 8.1. Market Size & Forecast, 2019-2030
  • 8.1.1. By Value (USD Billion)
• 8.2. Market Share & Forecast
  • 8.2.1. By Delivery Mode
  • 8.2.2. By Process
  • 8.2.3. By Country
    • 8.2.3.1. China
    • 8.2.3.1.1. By Delivery Mode
    • 8.2.3.1.2. By Process
    • 8.2.3.2. India
    • 8.2.3.2.1. By Delivery Mode
    • 8.2.3.2.2. By Process
    • 8.2.3.3. Japan
    • 8.2.3.3.1. By Delivery Mode
    • 8.2.3.3.2. By Process
    • 8.2.3.4. South Korea
    • 8.2.3.4.1. By Delivery Mode
    • 8.2.3.4.2. By Process
    • 8.2.3.5. Australia & New Zealand
    • 8.2.3.5.1. By Delivery Mode
    • 8.2.3.5.2. By Process
    • 8.2.3.6. Indonesia
    • 8.2.3.6.1. By Delivery Mode
    • 8.2.3.6.2. By Process
    • 8.2.3.7. Malaysia
    • 8.2.3.7.1. By Delivery Mode
    • 8.2.3.7.2. By Process
    • 8.2.3.8. Singapore
    • 8.2.3.8.1. By Delivery Mode
    • 8.2.3.8.2. By Process
    • 8.2.3.9. Vietnam
    • 8.2.3.9.1. By Delivery Mode
    • 8.2.3.9.2. By Process
    • 8.2.3.10. Rest of APAC
    • 8.2.3.10.1. By Delivery Mode
    • 8.2.3.10.2. By Process

9. Latin America Petroleum Refining Hydrogen Generation Market

• 9.1. Market Size & Forecast, 2019-2030
  • 9.1.1. By Value (USD Billion)
• 9.2. Market Share & Forecast
  • 9.2.1. By Delivery Mode
  • 9.2.2. By Process
  • 9.2.3. By Country
    • 9.2.3.1. Brazil
    • 9.2.3.1.1. By Delivery Mode
    • 9.2.3.1.2. By Process
    • 9.2.3.2. Mexico
    • 9.2.3.2.1. By Delivery Mode
    • 9.2.3.2.2. By Process
    • 9.2.3.3. Argentina
    • 9.2.3.3.1. By Delivery Mode
    • 9.2.3.3.2. By Process
    • 9.2.3.4. Peru
    • 9.2.3.4.1. By Delivery Mode
    • 9.2.3.4.2. By Process
    • 9.2.3.5. Rest of LATAM
    • 9.2.3.5.1. By Delivery Mode
    • 9.2.3.5.2. By Process

10. Middle East & Africa Petroleum Refining Hydrogen Generation Market

• 10.1. Market Size & Forecast, 2019-2030
  • 10.1.1. By Value (USD Billion)
• 10.2. Market Share & Forecast
  • 10.2.1. By Delivery Mode
  • 10.2.2. By Process
  • 10.2.3. By Country
    • 10.2.3.1. Saudi Arabia
    • 10.2.3.1.1. By Delivery Mode
    • 10.2.3.1.2. By Process
    • 10.2.3.2. UAE
    • 10.2.3.2.1. By Delivery Mode
    • 10.2.3.2.2. By Process
    • 10.2.3.3. Qatar
    • 10.2.3.3.1. By Delivery Mode
    • 10.2.3.3.2. By Process
    • 10.2.3.4. Kuwait
    • 10.2.3.4.1. By Delivery Mode
    • 10.2.3.4.2. By Process
    • 10.2.3.5. South Africa
    • 10.2.3.5.1. By Delivery Mode
    • 10.2.3.5.2. By Process
    • 10.2.3.6. Nigeria
    • 10.2.3.6.1. By Delivery Mode
    • 10.2.3.6.2. By Process
    • 10.2.3.7. Algeria
    • 10.2.3.7.1. By Delivery Mode
    • 10.2.3.7.2. By Process
    • 10.2.3.8. Rest of MEA
    • 10.2.3.8.1. By Delivery Mode
    • 10.2.3.8.2. By Process

11. Competitive Landscape

• 11.1. List of Key Players and Their Offerings
• 11.2. Global Petroleum Refining Hydrogen Generation Market Share Analysis, 2023
• 11.3. Competitive Benchmarking, By Operating Parameters
• 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

12. Impact of Escalating Geopolitical Tensions on Global Petroleum Refining Hydrogen Generation Market

13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)

• 13.1. Air Products and Chemicals, Inc
• 13.2. Air Liquide
• 13.3. BP Plc
• 13.4. ExxonMobil
• 13.5. Cummins Inc
• 13.6. Linde plc
• 13.7. Indian Oil Corporation Ltd
• 13.8. Messer Group GmbH
• 13.9. Nel Hydrogen
• 13.10. Praxair, Inc
• 13.11. Reliance Industries Ltd
• 13.12. Resonac Corporation
• 13.13. Shell Global
• 13.14. TotalEnergies SE
• 13.15. Other Prominent Players

14. Key Strategic Recommendations

15. Research Methodology

• 15.1. Qualitative Research
  • 15.1.1. Primary & Secondary Research
• 15.2. Quantitative Research
• 15.3. Market Breakdown & Data Triangulation
  • 15.3.1. Secondary Research
  • 15.3.2. Primary Research
• 15.4. Breakdown of Primary Research Respondents, By Region
• 15.5. Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable