Brown Hydrogen Market Manufacturers, Growth Rate and Market Situation Analysis 2023-2031

The global brown hydrogen market revenue was US$ 31.92 billion in 2021. The global brown hydrogen market revenue is forecast to reach US$ 48.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5% during the forecast period from 2022 to 2030.

The gasification of coal produces brown hydrogen. The process uses the solid state of coal to transform it into a gas. The gasification process converts coal into its chemical components, including methane gas. It involves exposing coal to oxygen and steam at high temperatures and pressures.

Gasification involves partial oxidation of coal with steam and oxygen under high pressure and temperature. Syngas undergoes further reactions with water to yield hydrogen. After isolation, it is possible to clean it in conventional methods for recovering hydrogen and removing the high concentration carbon dioxide stream for disposal.

Download free sample of this report :-https://www.quadintel.com/request-sample/brown-hydrogen-market/QI040

Factors Influencing Market GrowthSeveral factors contribute to the global brown hydrogen market, including low raw material costs, low production costs, and the availability of raw materials. Further, the alternative method of producing hydrogen is comparatively more expensive.

Coal gasification leaves a high carbon footprint, which restricts the market growth. In addition, the development of the renewable energy-based hydrogen market, known as green hydrogen, may negatively impact the global market's growth.

Coal gasification with carbon capture and storage is forecast to offer a lucrative opportunity in the global brown hydrogen market during the forecast period.

Impact Analysis of COVID-19

The COVID-19 pandemic had a significant impact on hydrogen technologies and subsequently on the brown hydrogen market in the global market, especially during the initial period. Governments around the globe imposed partial or total lockdowns to control the spread of the COVID-19 virus.

As a result, raw materials procurement was disrupted, further aggravating the situation. Nevertheless, as the global economy improves, the global brown hydrogen market will soon rebound during the forecast period.

Regional Insights

The Asia-Pacific region holds a dominant position in 2021 in the brown hydrogen market and is forecast to maintain its position over the forecast period. It is due to the fact that brown hydrogen is a primary ingredient in industrial processes, and there is a growing consumer base in China for brown hydrogen.

Additionally, the coal gasification method, used to produce brown hydrogen, is well established in the Asia-Pacific region. Thus, these factors are boosting the regional brown market growth.

Request full Report Description, TOC, Table of Figure, Chart, etc : -https://www.quadintel.com/request-sample/brown-hydrogen-market/QI040

Leading Competitors

The leading prominent companies profiled in the global brown hydrogen market are:

Air Products and Chemicals, Incorporated
Air Liquide S.A.
Sasol Limited
Sinopec Limited
Iwatani Corporation
J-Power Systems
Saudi Aramco
Kawasaki Heavy Industries, Limited
Iwatani Corporation
Shell Japan Limited
Electric Power Development Co. Limited
Other Prominent Players

Scope of the Report

The global brown hydrogen market segmentation focuses on Technology, End-Use Industry, and Region.

Segmentation based on Technology

Coal Gasification with Carbon Capture Storage
Coal Gasification without Carbon Capture Storage

Download Free Sample Report -https://www.quadintel.com/request-sample/brown-hydrogen-market/QI040

Segmentation based on End-Use Industry

Refining
Chemicals
Iron and steel
Others

Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Request full Report :- https://www.quadintel.com/request-sample/brown-hydrogen-market/QI040

About Quadintel:

We are the best market research reports provider in the industry. Quadintel believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Quadintel is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

We will help you in finding the upcoming trends that will entitle you as a leader in the industry. We are here to work with you on your objective which will create an immense opportunity for your organization. Our priority is to provide high-level customer satisfaction by providing innovative reports that enable them to take a strategic decision and generate revenue. We update our database on a day-to-day basis to provide the latest reports. We assist our clients in understanding the emerging trends so that they can invest smartly and can make optimum utilization of resources available.

Get in Touch with Us:
Quadintel:
Email:sales@quadintel.com
Address: Office - 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611, UNITED STATES
Tel: +1 888 212 3539 (US - TOLL FREE)
Website : https://www.quadintel.com/

This release was published on openPR.