Global Bio Hydrogen

Global Bio Hydrogen Market Research Report: Forecast (2021-2026)

By Production (Steam reforming, Fermentation, Microbial Fuel Cell), By End-User (Food & Beverage, Pharmaceutical, Industrial, Automotive, Other), By Region (North America, South America, Europe, Asia- Read more

  • Energy
  • Dec 2021
  • 176
  • EN33010

Market Definition

Bio Hydrogen is a biofuel that uses microorganisms to produce hydrogen in several applications across different verticals like industrial, automotive, pharmaceutical, food & beverages, among various others. It is produced majorly through methods like Steam Reforming, Fermentation, Microbial Fuel Cell, etc., and is similar to bioethanol & biogas. Since biofuel production uses renewable resources, it is a clean energy source and does not generate any harmful pollutants.

Market Insights

The Global Bio Hydrogen Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2021-26. The growth of the market is driven principally by the overconsumption of natural resources propelling the need to seek renewable alternatives for energy, coupled with the swift expansion of refining facilities, especially across developing economies, creating growth opportunities for the leading market players globally. 

  • In November 2020, the market leader The Linde Group announced to produce Bio Hydrogen at their Ontario, California Plant, with the intent to cater to the mobility market in the region.
Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 6%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, UK, France
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil
Middle East & Africa: GCC, South Africa
Key Companies Profiled The Linde Group, Air Products and Chemicals, Inc., BP America, Shell Hydrogen LLC, ExxonMobil Corporation, Chevron Corporation, Hydrogen Europe, Ceres Power, Johnson Matthey, Fuel Cell Systems, etc.
Unit Denominations USD Million/Billion

 

Besides, the alarming concerns associated with the rising carbon emissions are also encouraging the adoption of eco-friendly alternatives for energy like Bio Hydrogen. In addition, the use of renewable resources is likely to reduce the production cost of clean energy and positively influence the demand for Bio Hydrogen. 

Moreover, the extensive application of Bio Hydrogen shall enable multiple companies to profit from a mounting hydrogen fuel economy. Among different end-users, companies associated with oil & gas, automotive, etc., are likely to be the major adopters of hydrogen & contribute to the market growth, thereby augmenting the concept of hydrogen as an energy carrier.

Key Trends in the Market

Encouraging Government Initiatives & Policies to Promote the Market Growth

The governments of different countries worldwide are showing keen interest in obtaining carbon neutrality by actively investing in several research & development activities toward developing eco-friendly alternatives to combat the mounting carbon emission levels. Several administrations are seeking new strategies that would include using clean energy in different verticals, which, as a result, would fuel the Bio Hydrogen Market in the future. For instance:

  • In March 2021, the governments of countries like the US & India updated their strategic energy partnership and included low carbon technologies like hydrogen & biofuels.

Impact of Covid-19 on the Global Bio Hydrogen Market

The Covid-19 pandemic in 2020 had a decelerating effect on the Global Bio Hydrogen Market. Stringent movement restrictions & frequent lockdowns imposed by the governments of different countries hampered the supply chain, which resulted in the unavailability of raw materials & shut down of the manufacturing units.

Transportation, refinery, electronics, etc., were among the severely hit sectors. The entire automotive industry was disrupted and suffered massive financial losses due to reduced demand for vehicles, scarcity of raw materials, and other significant challenges. As a result, these effects directly impacted the demand for Bio Hydrogen and hampered the global market growth amidst the pandemic.

However, the market seems to be reviving since 2021, owing to the gradual betterment in the pandemic situation. The governments of different countries have uplifted restrictions and have allowed the recommencement of business operations.

Moreover, countries are also taking initiatives like stimulus packages & incentives for manufacturing, automotive sectors, and other infrastructural development projects to fuel the demand for Bio Hydrogen and help the market regain its usual pace in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Bio hydrogen Market
  5. Global Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
        1. Steam reforming
        2. Fermentation
        3. Microbial Fuel Cell
      2. By End-User
        1. Food & Beverage
        2. Pharmaceutical
        3. Industrial
        4. Automotive
        5. Other
      3. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      4. By Company
        1. Competition Characteristics
        2. Key Initiatives
        3. Value Chain
        4. Competitive Matrix
  6. North America Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
      2. By End-User
      3. By Country
        1. The US
        2. Canada
        3. Mexico
  7. South America Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
      2. By End-User
      3. By Country
        1. Brazil
  8. Europe Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
      2. By End-User
      3. By Country
        1. The UK
        2. Germany
        3. France
  9. Middle East & Africa Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
      2. By End-User
      3. By Country
        1. GCC
        2. South Africa
  10. Asia-Pacific Bio hydrogen Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Production
      2. By End-User
      3. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
  11. Global Bio hydrogen Market Policies, Regulations, Product Standards
  12. Global Bio hydrogen Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  13. Global Bio hydrogen Market Hotspot & Opportunities
  14. Global Bio hydrogen Market Key Strategic Imperatives for Success & Growth
  15. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of Top Companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. The Linde Group
      2. Air Products and Chemicals, Inc.
      3. BP America
      4. Shell Hydrogen LLC
      5. ExxonMobil Corporation
      6. Chevron Corporation
      7. Hydrogen Europe
      8. Ceres Power
      9. Johnson Matthey
      10. Fuel Cell Systems
  16.  Disclaimer
Global Bio Hydrogen Market Segmentation
*This field is required