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Captive Petroleum Refinery Hydrogen Generation Market Analysis

  • Report ID: 6567
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Captive Petroleum Refinery Hydrogen Generation Market Analysis

Process (Steam Reformer, Electrolysis)

The steam reformer segment is foreseen to account for 86.3% of the global market share by 2037. Petroleum refineries are actively adopting advanced steam reformer technologies for hydrogen production due to their effectiveness in mitigating carbon emissions and sustainable manufacturing practices. For instance, in April 2022, Wood Plc announced the launch of its new steam methane reforming technology that mitigates 95% of carbon emissions compared to conventional hydrogen plants.

Our in-depth analysis of the captive petroleum refinery hydrogen generation market includes the following segments:

 

Process

 
  • Steam Reformer
  • Electrolysis
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Browse Key Market Insights with Data Illustration:

Author Credits:  Dhruv Bhatia


  • Report ID: 6567
  • Published Date: Oct 16, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global captive petroleum refinery hydrogen generation market will be valued at USD 52.3 billion in 2025.

Expanding at a CAGR of 6.8%, the global market is expected to increase from USD 50.8 billion in 2024 to USD 115.2 billion by 2037.

Some leading companies are GAIL Limited, Air Liquide, Air Products and Chemicals, Emerson, Wood Plc, ExxonMobil Corporation, and Element Fuel Holdings.

The steam reformer segment is estimated to capture a strong 86.3% of the market share through 2037.

Asia Pacific is expected to hold 39.4% of the global market share through 2037.
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