Australia Hydrogen Generation Market Research Report, 2027

Australia Hydrogen Generation Market Research Report, 2027

Actual Market Research 29-06-2022 55 Pages Figures : 8 Tables : 19 Region : Asia-Pacific Country : Australia Category : Energy & Utility Alternative & Renewables

Australia has the ability to become a major hydrogen exporter with investments, supply chain building, and advanced research and development. As part of the plan, supply chain possibilities with Germany are being explored. Low emission technology is accelerated in Singapore and supports exports to Japan through Australia's Clean Hydrogen Trade Programme. Australia and the Republic of Korea are collaborating on low and zero emission technology. It also has plans to work with India to cut down on the cost of ultra-solar and clean hydrogen. The 7 hubs of hydrogen generation are supported by the Clean Hydrogen Industrial Hub Programme. The Australian government has committed $1.4 billion to the development of a hydrogen sector by 2030. The construction of hydrogen hubs is encouraged under the State Hydrogen Strategy 2021. Hydrogen hubs are areas where users, producers, and prospective exporters all congregate. The hub model is an effective strategy for generating hydrogen at scale and boosting demand since it decreases infrastructure requirements and expenses. According to the report titled "Australia Hydrogen Generation Market Overview, 2027" published by Actual Market research, the market size of Australia’s hydrogen generation market is anticipated to grow at a CAGR of 7% in the forecast period. The use of hydrogen has been increasing in the past few years, with the government of Australia listing the market demand and taking aggressive steps to fulfil that demand. Australia's hydrogen strategies are to utilise this source in different ways like natural gas for homes, industries, and cooking; create electricity to power automobiles, trucks, buses, and trains; provide energy for mining sites and isolated villages; and trade clean energy with other nations. As the environment is damaged by different substances, hydrogen is a new way for fertilisation and agriculture by producing methanol and ammonia. Australia's energy resources are a major contributor to Australia's economic development, as they power its homes, automobiles, and industries. Aside from that, Australia is now competing in the hydrogen generation race. Australia has the ability to create a massive impact by utilising these abundant resources for hydrogen generation. For the production of hydrogen, Australia is focusing on different technologies and technological priorities are steam methane reforming, coal gasification, and other technologies that highly depend on renewable resources. More than 70% of hydrogen production is done with the steam methane reforming process and coal gasification process in Australia. SMR is a process in which natural gas methane is heated with steam and a catalyst to generate a mixture of carbon monoxide and hydrogen that may be utilised in organic synthesis and as a fuel. These methods are widely used to produce grey hydrogen and blue hydrogen, respectively, but Australia is more focused on the generation of green hydrogen. For that purpose, Australia is developing new technologies based on electrolysers that will run with the help of solar energy, wind energy, and other resources efficiently. Multiple companies like Pure Hydrogen Corporation, Woodside, and CWP Global are engaged with Australia to make Australia the third largest green hydrogen producer till 2030. Australia is partnering with Japan, Germany, the UK, and Korea to build the largest supply chain for hydrogen distribution. The COVID-19 pandemic showed a number of issues for Australia's foreign relations management, as well as flaws in the country's health system and supply chain vulnerability. Since COVID-19's arrival in Australia in January 2020, COVID-19 has had a significant influence on the Australian economy. Reduced-spread policies (such as social distance, commercial trade limits, and stay-at-home directives) have had various effects on economic activity. Fuel is imported from more than 70 nations in Australia. No one country accounts for more than 20% of global petroleum imports. The hydrogen generating industry is highly fragmented, with various small and large competitors vying for market share based on price and quality. Due to the development of the COVID-19 pandemic, which has resulted in changing costs of raw materials required to generate hydrogen, demand for hydrogen has been severely reduced since May 2020. The epidemic had caused a spike in basic material prices as well as a lack of stock with wholesalers, which had hampered many small and large-scale projects, a worldwide hydrogen generating business. Consider in this report: • Geography: Australia • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Australia hydrogen generation market with its value and forecast along with its segments • Application wise hydrogen generation market analysis • Various drivers and challenges • On-going trends and developments • Five force models • Top profiled companies • Strategic recommendation Technical type of hydrogen generation in the report • Steam methane reforming process • Coal gasification • Others By application type in the report • Methanol production • Ammonia production • Petroleum refinery • Transportation • Power generation • others By system type in the report • Captive • Merchant The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chemical industries, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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