About STEAM METHANE REFORMING
Steam methane reforming (SMR) is a procedure in which methane from natural gas is heated, with steam, generally with a catalyst, to produce a mixture of carbon monoxide and hydrogen used in organic synthesis and as a fuel. In energy, SMR is the most broadly used process for the generation of hydrogen. This is mainly due to its cost effectiveness in obtaining a high level of purity in its produced hydrogen. There are two primary reactions, one is the reforming reaction and other is water gas shift reaction. Maximum hydrogen that is manufactured in the United States is prepared through steam-methane reforming, as it is advanced production process in which high-temperature steam (700°C-1,000°C) is used to produce hydrogen from a methane source.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Analyst at AMA Research estimates that European Manufacturers will contribute the maximum growth to Global STEAM METHANE REFORMING market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell UOP (United States), Flour Corporation (United States), Exxon Mobil (United States), Air Liquide (France), Linde (Ireland), Amec Foster Wheeler (United Kingdom), Air Products and Chemicals (United States), Heurtey Petrochem (France), McDermott International Inc. (United States), Haldor Topsoe (United States), Thyssenkrupp AG (Germany) and Toyo Engineering Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Caloric Anlagenbau GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global STEAM METHANE REFORMING market by Type (Pressure Swing Adsorption and Amine Absorption), Application (Refinery, Chemical Industry and Others) and Region.
On the basis of geography, the market of STEAM METHANE REFORMING has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Development of Green Hydrogen Production Technologies
Market Growth Drivers:
Growing Importance on Decarbonizing Energy End-Use and Increasing Demand for Hydrogen
Challenges:
Safety Concerns over Hydrogen
Restraints:
High Energy Consumption of Hydrogen Generation Technologies and Shortage of Expenditure on Hydrogen Channeling
Opportunities:
Rising Demand for Hydrogen in Building Heat and Power and Increasing Government Investment in Research & Development for Hydrogen
Market Leaders and their expansionary development strategies
In March 2020, US industrial gases producer Air Products has agreed to acquire five hydrogen steam methane reformer (SMR) hydrogen plants from PBF Energy for USD 530 million as part of a deal that includes the long-term supply of hydrogen from already operating plants to PBF refineries.
In April 2022, Wood has launched its new steam methane reforming (SMR) technology, which can achieve 95% CO2 emissions reduction, compared to a traditional hydrogen production plant.
Key Target Audience
Manufacturers of Hydrogen Gas, Oil & Gas Industry, Chemical Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.