Brown Hydrogen Trends and Forecast
The future of the global brown hydrogen market looks promising with opportunities in the refining, chemical, and iron & steel markets. The global brown hydrogen market is expected to reach an estimated $47.3 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are growing focus on carbon capture & utilization technologies and rising demand for low-cost hydrogen production methods.
• Lucintel forecasts that coal gasification without carbon capture storage is expected to witness the higher growth over the forecast period.
• Within this market, chemical will remain the largest segment.
• APAC is expected to witness highest growth over the forecast period.
United States: ExxonMobil announced plans to invest $15 billion in hydrogen production, aiming to achieve net-zero emissions by 2050. The governmentÄX%$%Xs infrastructure bill allocates $8 billion for hydrogen projects, promoting private sector participation.
Germany: Siemens Energy and Enapter collaborated to build a 100-megawatt electrolyzer plant, supporting GermanyÄX%$%Xs goal to produce 5 GW of green hydrogen by 2030. Additionally, Linde committed to investing €2 billion in hydrogen projects, emphasizing decarbonization efforts.
Japan: Toyota unveiled plans to develop a hydrogen-powered city, integrating fuel cell technology for transportation and energy systems. The government aims to achieve 3 GW of electrolyzer capacity by 2030, fostering partnerships with industry players like Toshiba and Kawasaki Heavy Industries.
Australia: Woodside Energy and BHP are jointly working on a large-scale hydrogen export project, targeting Asia-Pacific markets. The Australian governmentÄX%$%Xs National Hydrogen Strategy outlines investments of $275 million to support hydrogen infrastructure and R&D initiatives, encouraging industry innovation and growth.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Brown Hydrogen by Segment
The study includes a forecast for the global brown hydrogen by technology, end use, and region.
Brown Hydrogen Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
• Coal Gasification with Carbon Capture Storage
• Coal Gasification without Carbon Capture Storage
Brown Hydrogen Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Refining
• Chemicals
• Iron & Steel
• Others
Brown Hydrogen Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Brown Hydrogen Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies brown hydrogen companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the brown hydrogen companies profiled in this report include-
• SINOPEC GROUP
• Iwatani Corporation
• Sasol
• Air Products
• Electric Power Development
Recent Development in the Brown Hydrogen Market
Shell: Shell announced a significant investment in green hydrogen, focusing on renewable energy sources for hydrogen production. This initiative aims to reduce carbon emissions in the hydrogen production process, aligning with global sustainability goals and enhancing ShellÄX%$%Xs position in the green hydrogen market.
Air Products: Air Products revealed plans to expand its hydrogen infrastructure, targeting key markets to support the growing demand for hydrogen fuel cells. This expansion includes the construction of new hydrogen production facilities and distribution networks, positioning Air Products as a major player in the hydrogen economy.
BP: BP unveiled its CCU technology, which captures carbon emissions and converts them into usable products such as hydrogen. This innovation not only reduces environmental impact but also contributes to the development of a circular economy by repurposing waste carbon into valuable resources.
Linde: Linde introduced hydrogen mobility solutions, including hydrogen fueling stations and fuel cell technology for vehicles. This initiative promotes the adoption of hydrogen as a clean transportation fuel, addressing emissions challenges in the automotive sector and supporting LindeÄX%$%Xs commitment to sustainability.
TotalEnergies: TotalEnergies initiated several renewable hydrogen projects, leveraging solar and wind power for green hydrogen production. These projects focus on scalability and cost-effectiveness, driving the transition towards a low-carbon hydrogen market and reinforcing TotalEnergiesÄX%$%X leadership in renewable energy solutions.
Features of the Global Brown Hydrogen Market
Market Size Estimates: Brown hydrogen market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Brown hydrogen market size by technology, end use, and region in terms of value ($B).
Regional Analysis: Brown hydrogen market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different technologies, end uses, and regions for the brown hydrogen market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the brown hydrogen market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the brown hydrogen market size?
Answer: The global brown hydrogen market is expected to reach an estimated $47.3 billion by 2030.
Q2. What is the growth forecast for brown hydrogen market?
Answer: The global brown hydrogen market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the brown hydrogen market?
Answer: The major drivers for this market are growing focus on carbon capture & utilization technologies and rising demand for low-cost hydrogen production methods.
Q4. What are the major segments for brown hydrogen market?
Answer: The future of the brown hydrogen market looks promising with opportunities in the refining, chemical, and iron & steel markets.
Q5. Who are the key brown hydrogen market companies?
Answer: Some of the key brown hydrogen companies are as follows:
• SINOPEC GROUP
• Iwatani Corporation
• Sasol
• Air Products
• Electric Power Development
Q6. Which brown hydrogen market segment will be the largest in future?
Answer: Lucintel forecasts that coal gasification without carbon capture storage is expected to witness the higher growth over the forecast period.
Q7. In brown hydrogen market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the brown hydrogen market by technology (coal gasification with carbon capture storage and coal gasification without carbon capture storage), end use (refining, chemicals, iron & steel, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Brown Hydrogen Market, Brown Hydrogen Market Size, Brown Hydrogen Market Growth, Brown Hydrogen Market Analysis, Brown Hydrogen Market Report, Brown Hydrogen Market Share, Brown Hydrogen Market Trends, Brown Hydrogen Market Forecast, Brown Hydrogen Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.