The increasing utilization of cleaner and eco-friendly fuels and the declining availability of high-quality crude oil are some of the major factors fuelling the demand for hydrogen generation around the world. The development of fuel-cell automobiles has caused a massive surge in the utilization of renewable fuel sources. In addition to this, the implementation of strict environment regulations and policies by the governments of several countries for curbing carbon emissions has drastically increased the usage of hydrogen in various industrial applications.



Because of the rising requirement of hydrogen in industries, “300 hydrogen fuel stations were set up throughout the world till 2018, according to the 2018 World Energy Outlook published by the International Energy Agency (IEA)". “The report also said that $200.0 million were invested into the fuel station installation project”. Besides this, the shortage of sweet and light crude oil is also propelling the demand for hydrogen generation across the world. Hydrogen is extensively used in refineries in various applications such as hydrocracking and catalytic cracking for processing low quality sour and heavy crude oil.


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Driven by the factors mentioned in the above paragraphs, the global hydrogen generation market will register major growth in the coming years. Hydrogen is a colorless, odorless, non-toxic, and non-metallic chemical molecule. It is highly combustible and usually produced from the processing of syngas, a mixture of hydrogen and carbon monoxide. It can also be produced via the electrolysis of water, which is an environment-friendly process. Hydrogen’s high energy efficiency, low boiling point, and comparatively easier transportability make the material highly sought after for use in various industrial applications.

“Across the globe, the hydrogen generation market is predicted to exhibit rapid progress in Asia-Pacific (APAC) in the forthcoming years”. This is predominantly because of the rising refining capacities of the APAC countries in order to cater to the ballooning fuel requirement. Additionally, the increasing investments being made in R&D activities of hydrogen fuel cells in Japan and China for increasing the manufacturing of electric vehicles is further boosting the demand for hydrogen in the region.