The study involved major activities in estimating the current size of the hydrogen generation market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the hydrogen generation market involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, Bloomberg, Factiva, IRENA, International Energy Agency, and Statista Industry Journal, to collect and identify information useful for a technical, market-oriented, and commercial study of the market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The hydrogen generation market comprises several stakeholders, such as hydrogen producers, technology providers, and technical support providers in the supply chain. The demand side of this market is characterized by the rising demand for hydrogen generation in various applications such as petroleum refinery, transportation, ammonia production, methanol production and others. The supply side is characterized by rising demand for contracts from the industrial sector and mergers & acquisitions among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the hydrogen generation market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
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The key players in the industry and market have been identified through extensive secondary research, and their market share has been determined through primary and secondary research.
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The industry’s value chain and market size, in terms of value, have been determined through both primary and secondary research processes.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Hydrogen Generation Market Size: Top-Down Approach
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Hydrogen Generation Market Size: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the above estimation process, the total market has been split into several segments and subsegments. Data triangulation and market breakdown processes have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and sub-segments, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand- and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.
Market Definition
The hydrogen generation market encompasses the total revenue generated by firms employing diverse technologies, including electrolysis, steam methane reforming (SMR), auto thermal reforming (ATR), partial oxidation (POX), and coal gasification, for the production of hydrogen.
Key Stakeholders
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Energy Regulators
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Consulting companies in the energy and power sector
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Distributors of hydrogen energy solutions
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Governments and research organizations
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Power equipment and garden tool manufacturers
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Hydrogen producers
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Spare parts and component suppliers
Objectives of the Study
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To define, describe, and forecast the hydrogen generation market based on source, technology, generation and delivery mode, and end user in terms of value
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To define, describe, and forecast the market across five key regions, namely, North America, Europe, Asia Pacific, South America, Middle East, and Africa, along with the country-level market analyses in terms of value
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To provide detailed information about industry-specific key drivers, restraints, opportunities, and challenges influencing the growth of the market
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To strategically analyze the hydrogen generation market with respect to individual growth trends, prospects, and contributions of each segment to the market
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To provide information pertaining to the supply chain, trends/disruptions impacting customers’ businesses, market mapping, pricing of hydrogen, and regulatory landscape pertaining to the market
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To strategically analyze the micromarkets1 with respect to individual growth trends, upcoming expansions, and their contributions to the overall market
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To analyze opportunities for stakeholders in the market and draw a competitive landscape for market players
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To benchmark players within the market using the company evaluation matrix, which analyzes market players on various parameters within the broad categories of business and product strategies
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To compare key market players with respect to the market share, product specifications, and applications
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To strategically profile key players and comprehensively analyze their market ranking and core competencies2
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To track and analyze competitive developments in the hydrogen generation market, such as expansions, product launches, partnerships, and acquisitions.
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Product Analysis
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Product Matrix, which provides a detailed comparison of the product portfolio of each company
Company Information
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Detailed analyses and profiling of additional market players
Antonio
Jun, 2022
What is the market size and growth rate of the global and regional hydrogen generation market by various segments?.
Somnath
Jul, 2022
marketsandmarkets track and advice the Hydrogen Generation segment very closely and understand the global and regional trends and have numerous proven products and methodologies that help industry leaders like and companies gain competitive advantage by responding proactively to megatrends. We would love to showcase our capabilities in way of sharing interesting case studies, Infographics, market studies, and reports establishing areas that would be of most value to you and give you a quick introduction to our deep industry coverage within the Hydrogen Generation segment specific to certain regions..
Raghuveer
May, 2022
The Hydrogen Generation Market Research is very interesting, I want to know more about when are the high growth niche segments expected to impact changing the revenue for mix of companies? .