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.
Factors Influencing Market Growth
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.
Leading Competitors
The leading prominent companies profiled in the global brown hydrogen market are:
Scope of the Report
The global brown hydrogen market segmentation focuses on Technology, End-Use Industry, and Region.
Segmentation based on Technology
Segmentation based on End-Use Industry
Segmentation based on Region