Hydrogen refers to an odorless, tasteless, flammable, colorless, and gaseous substance belonging to the family of chemical elements. It has an extremely low boiling and melting point and occurs in vast quantities as a part of the water in ice packs, oceans, lakes, rivers, and the atmosphere. As a part of innumerable carbon compounds, hydrogen is present in all vegetable and animal tissue and petroleum. It is primarily utilized to produce ammonia (a compound of hydrogen and nitrogen) and in the hydrogenation of organic compounds and carbon monoxide.
One of the primary factors driving the market is the escalating demand for fuel cell electric vehicles (FCEVs) such as buses, trucks, passenger vehicles, and various other heavy-duty automobiles. Additionally, hydrogen possesses the ability to reduce the exposure of renewable electricity generators to the risk of power price volatility. Other than this, hydrogen is considered a reliable alternative for meeting climate goals and complying with local emission regulations. Besides this, the rapidly growing petroleum refining industry, where low sulphur production and cleaner-burning fuels drive hydrogen consumption, is propelling the market growth. Apart from this, the utilization of hydrogen fuel cells in the transport sector to power electric vehicles can replace conventional vehicles, which is another major growth-inducing factor. Moreover, the widespread usage of hydrogen for various industrial processes and exploring outer space is escalating product demand. In line with this, there has been growth in hydrogen production on account of advanced technologies and constant efforts to expand fuel cells that are used to provide energy for usage in various applications, including combined or distributed-heat-and-power; systems for storing and enabling renewable energy, auxiliary power for trucks. Moreover, extensive investment in research and development (R&D) activities by market players to expand their consumer base is also expected to strengthen the market growth in the coming years.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the hydrogen manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the hydrogen industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the hydrogen industry.
The following technical and economic aspects are included in the report:
Impact of COVID-19
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Land and Construction Costs
Key Questions Answered in This Report?
What are the various unit operations involved in manufacturing hydrogen?
What are the raw material requirements and costs in manufacturing hydrogen?
What are the utility requirements and costs in manufacturing hydrogen?
What are the manpower requirements and costs in manufacturing hydrogen?
What are the packaging requirements and costs in manufacturing hydrogen?
What are the transportation requirements and costs in manufacturing hydrogen?
What are the land requirements and costs in manufacturing hydrogen?
What are the construction requirements and costs in manufacturing hydrogen?
What are the profit margins in hydrogen?
What should be the pricing mechanism of hydrogen?
Need a Customized Project Report?
Although we have tried to make the report as comprehensive as possible, we believe that every stakeholder may have their specific requirements. In view of this, we can customize the report based on your particular needs. You can share your business requirements with our consultants, and we will provide you a tailored scope. Some of the common customizations that our clients request us include:
The report can be customized based on the country/region that you plan to set up your plant.
The manufacturing capacity of the plant can be customized based on your requirements.
Machinery suppliers and costs can be customized based on your requirements.
Any additions to the current scope can also be provided based on your requirements.
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2 Scope and Methodology
2.1 Objectives of the Study
2.3 Research Methodology
3 Executive Summary
4 Global Hydrogen Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Hydrogen Price Trends
4.7.2 Product Margins
5 Hydrogen Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
188.8.131.52 Plant Machinery Costs
184.108.40.206 Auxiliary Equipment Cost
220.127.116.11 Electrical Works and Piping Costs
18.104.22.168 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Hydrogen Market: Major Drivers and Challenges
Figure 2: Global: Hydrogen Market: Value Trends (in Million US$), 2016-2021
Figure 3: Global: Hydrogen Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 4: Global: Hydrogen Market: Breakup by Segment (in %), 2021
Figure 5: Global: Hydrogen Market: Breakup by Region (in %), 2021
Figure 6: Hydrogen: Price Trends, 2016 & 2021
Figure 7: Hydrogen: Margins Across Various Stages of the Supply Chain
Figure 8: Hydrogen: Breakup of Costs
Figure 9: Hydrogen Price Structure
Figure 10: Hydrogen: Manufacturing Process Flow
Figure 11: Hydrogen: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Hydrogen: Raw Material Price Trends, 2016 & 2021
List of Tables
Table 1: Hydrogen Manufacturing: Raw Material Requirements
Table 2: Hydrogen Manufacturing: Raw Material Costs
Table 3: Hydrogen Manufacturing: Electricity Costs
Table 4: Hydrogen Manufacturing: Steam Costs
Table 5: Hydrogen Manufacturing: Process Water Costs
Table 6: Hydrogen Manufacturing: Total Utility Costs
Table 7: Hydrogen Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Hydrogen Manufacturing: Packaging Costs
Table 9: Hydrogen Manufacturing: Transportation Costs
Table 10: Hydrogen Manufacturing: Sales and Administration Costs
Table 11: Hydrogen Manufacturing: Total Operating Costs
Table 12: Hydrogen Manufacturing: Costs Related to Land and Site Development
Table 13: Hydrogen Manufacturing: Costs Related to Civil Works
Table 14: Hydrogen Manufacturing: Costs Related to Plant Machinery
Table 15: Hydrogen Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Hydrogen Manufacturing: Costs Related to Electrical works and Piping
Table 17: Hydrogen Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Hydrogen Manufacturing: Working Capital Requirements
Table 19: Hydrogen Manufacturing: Total Capital Investment Required
Table 20: Hydrogen Manufacturing: Total Production Cost
Table 21: Hydrogen Manufacturing: Raw Material Suppliers
Table 22: Hydrogen Manufacturing: Machinery Suppliers