Petroleum Refining Hydrogen Generation - Global Strategic Business Report

The global market for Petroleum Refining Hydrogen Generation was estimated at US$60.0 Billion in 2024 and is projected to reach US$84.9 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Petroleum Refining Hydrogen Generation market.

Global Petroleum Refining Hydrogen Generation Market - Key Trends & Drivers Summarized

Why Is Hydrogen Critical to Petroleum Refining Operations?

Hydrogen plays an essential role in modern petroleum refining, serving as a key input for hydrotreating and hydrocracking processes. These units are vital for removing sulfur, nitrogen, and other contaminants from fuel streams to meet clean fuel regulations. Hydrogen is also used to improve fuel yields and quality by converting heavy hydrocarbons into lighter, more valuable fractions. As refining moves toward processing heavier and sourer crude oils, reliance on hydrogen continues to rise.

Refiners primarily produce hydrogen on-site through steam methane reforming, partial oxidation, or autothermal reforming. These technologies enable continuous, large-scale production using natural gas or refinery by-products. Integration of hydrogen generation units within refineries ensures process efficiency, operational continuity, and cost control. Facilities with high hydroprocessing capacity are typically the most significant consumers of hydrogen, particularly in regions with stringent fuel emission standards.

How Are Technology Choices and Energy Efficiency Goals Shaping Production Trends?

Steam methane reforming (SMR) remains the most widely used technology for hydrogen generation due to its reliability and scalability. However, it is also associated with high carbon dioxide emissions, prompting refiners to explore cleaner alternatives. Efforts are underway to retrofit existing SMR units with carbon capture systems to reduce emissions without disrupting operations. In parallel, interest in autothermal reforming and advanced membrane-based purification systems is growing for their potential energy savings and footprint advantages.

Refineries are increasingly focused on improving hydrogen yield, optimizing heat integration, and minimizing hydrogen losses across processing units. On-site purification systems such as pressure swing adsorption (PSA) and membrane separation are now standard in most hydrogen production trains. These systems help refiners maintain consistent hydrogen purity and pressure levels, which are crucial for catalytic performance in hydrotreaters and hydrocrackers.

Where Is Demand Rising and Which Refinery Configurations Are Driving It?

Hydrogen demand is rising across complex and deep-conversion refineries that operate multiple hydrotreating and hydrocracking units. Facilities processing heavy, high-sulfur crudes are particularly dependent on hydrogen to meet low-sulfur fuel specifications. Upgrading older refineries and adding secondary processing capacity are increasing hydrogen requirements in Asia-Pacific, Latin America, and parts of the Middle East.

Tighter environmental regulations in the US and Europe continue to support investment in hydrogen generation systems. Refineries operating under fuel sulfur limits for diesel and gasoline require stable and high-purity hydrogen supply. Integrated refinery-petrochemical complexes are also influencing demand, as hydrogen is needed for aromatics production and specialty feedstock upgrading. Regional hydrogen strategies and refinery modernization programs are further contributing to long-term demand growth.

Growth in the Petroleum Refining Hydrogen Generation market is driven by several factors

Growth in the petroleum refining hydrogen generation market is driven by increasing hydroprocessing capacity across refineries, processing of heavier crude grades, and enforcement of ultra-low sulfur fuel regulations. Expansion of hydrotreating and hydrocracking units to meet clean fuel mandates continues to raise hydrogen requirements, particularly in high-throughput and export-oriented refineries.

Technology upgrades in SMR units, integration of carbon capture systems, and deployment of on-site purification technologies are supporting more efficient and compliant hydrogen production. Demand is further influenced by refinery-petrochemical integration, regional fuel quality mandates, and rising hydrogen purity needs in secondary processing units. Refinery investments in Asia-Pacific, Middle East, and North America are sustaining capital deployment in hydrogen production infrastructure to meet both current refining needs and future emissions reduction goals.

Scope Of Study:

The report analyzes the Petroleum Refining Hydrogen Generation market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments: Delivery Mode (Captive Delivery Mode, Merchant Delivery Mode); Process (Steam Methane Reforming Process, Electrolysis Process, Partial Oxidation Process, Auto-Thermal Reforming Process, Biomass Gasification Process)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Captive Delivery Mode segment, which is expected to reach US$61.5 Billion by 2030 with a CAGR of a 6.8%. The Merchant Delivery Mode segment is also set to grow at 4.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $16.3 Billion in 2024, and China, forecasted to grow at an impressive 9.5% CAGR to reach $17.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Petroleum Refining Hydrogen Generation Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Petroleum Refining Hydrogen Generation Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Petroleum Refining Hydrogen Generation Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Air Liquide, Air Products and Chemicals, Axens, BayoTech, Bloom Energy and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 37 companies featured in this Petroleum Refining Hydrogen Generation market report include:

• Air Liquide
• Air Products and Chemicals
• Axens
• BayoTech
• Bloom Energy
• Chevron Corporation
• China Petroleum & Chemical Corporation (Sinopec)
• Cummins Inc.
• Gazprom
• General Electric (GE)
• Haldor Topsoe
• Honeywell UOP
• Hydrogenics (Cummins Subsidiary)
• INOX Air Products
• Johnson Matthey
• Linde plc
• McPhy Energy
• Mitsubishi Power
• Shell plc
• Technip Energies

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.