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Brazil Hydrogen Generation Market Research Report, 2027

Brazil Hydrogen Generation Market Research Report, 2027

Actual Market Research 29-06-2022 55 Pages Figures : 8 Tables : 19 Region : South America Country : Brazil Category : Energy & Utility Alternative & Renewables

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Hydrogen is a valuable substitute for fossil fuel in energy generation sector. Hydrogen is an element which is lightest and stills the most important element for the betterment of the world. Hydrogen is highly popular for methanol production, ammonia production, petroleum refineries, transportation, power generation and other application. Brazil is abundant with renewable resources like solar energy, wind energy and biomass. A part from that, Brazil is working on world highest “green hydrogen” generation plant. Steam methane reforming process is now dominating the hydrogen generation market followed by the coal gasification process and other technologies. Steam methane and coal gasification process cover 99% of hydrogen production which are highly generating grey hydrogen. In the process of generating grey hydrogen lots of carbon emissions accurse which create impact on the environment. Brazil is more concern about the environment factor and highly focuses on green hydrogen production which is environmental friendly therefore brazil is adopting the other technologies like solar energy, wing energy and biomass for hydrogen generation and using that brazil utilizing their abundant amount of renewable recourses. By doing that, this process will be able to contribute to hydrogen generation by nearly 2%.

According to the report titled “Brazil Hydrogen Generation Market Overview, 2027” published by Actual Market research, the Brazil hydrogen generation market is anticipated to grow over CAGR of 3% in the forecast period. Brazil has tremendous abilities for the production of hydrogen due to massive amount of renewable resources. As use of hydrogen has been increasing in the past few years, Brazil is taking bigger steps towards the generation of hydrogen. More than $40 billion dollar of foreign investment takes place in Brazil for building of world biggest green hydrogen production plant. For the fulfillment of this goal, an Australian company Enegix came forward to build up the plant. The goal is to develop different technologies and produce the highest “green hydrogen” in the world. Enegix is set up the world's largest green hydrogen plant that will produce over 600 million kg of green hydrogen per year when fully operational in 2025. The three-year effort will generate enough green hydrogen to power over 200 million people in emerging nations without releasing any carbon. The overall hydrogen generation market of Brazil is concern about the export side of the market. As development of “green hydrogen” plant and developing infrastructure for export of hydrogen the merchant market grow more in term of volume.

Brazil using highest produced hydrogen in the petroleum refineries followed by ammonia production, methanol production, transportation and power generation. Brazil used around 0.3 MMT of hydrogen in the petroleum refineries and 0.07 MMT of hydrogen in the chemical production. Brazil is shifting their focus of utilizing hydrogen uses more towards the transportation, fertilizing and in power generation. The increased usage of transportation fuels pushed overall petroleum product consumption up to 3 billion barrel in a year 2019. Diesel is around 40% of all transportation fuels consumed same year, with gasoline accounting for 25% and ethanol accounting for 21%. And this will increase for the hydrogen production and also utilization of renewable resources also increases for the purpose.

Covid-19 impact: COVID-19 hit Brazil at a time when the country was in lower economic situation, with low economic growth (mean per capita GDP growth of 1% in the previous three years), high unemployment rates (IBGE – Brazilian Institute of Geography and Statistics anticipates 13.9 % unemployment in 2020), shaky public finances, and a dysfunctional family. Hydrogen generation is an important role in the expansion of SMR, coal gasification, and other technologies in Brazil. Global supply networks were severely hampered by the COVID-19 epidemic. Hydrogen output had fallen dramatically in response to a steep drop in demand.

Consider in this report:
• Geography: Brazil
• Historical year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Brazil 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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