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Home » Energy and Power » Steam-Methane Reforming (SMR) Market Size, Share, Trends, and Forecast 2024-2032

Steam-Methane Reforming (SMR) Market By Technology Type (Steam Methane Reforming, Coal Gasification); By System Type (Captive, Merchant); By Application (Petroleum Production, Methanol Production, Ammonia Production); By Geography, Segment revenue estimation, Forecast, 2024-2032.

Published On: SEP-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 50157059

The Steam-methane reforming (SMR) market was worth USD 43.45 billion in 2023 and will be worth USD 75.86 billion by 2030, growing at a CAGR of 7.2% during the forecast period.

 

The most popular technique of producing hydrogen is steam methane reforming (SMR), which emits 8–10 kg of CO2 for every kilogram of hydrogen generated. This is due to the fact that the process creates CO2 and hydrogen by reacting natural gas (methane) with steam.

 

Steam-methane reforming (SMR) is the most economical method of generating hydrogen from fossil fuels. It is a commonly used method, accounting for more than 95% of the hydrogen supply in the US. The most popular technique of producing hydrogen is steam methane reforming (SMR), which emits 8–10 kg of CO2 for every kilogram of hydrogen generated. The process creates CO2 and hydrogen by reacting natural gas (methane) with steam.

 

The steam reforming process is highly efficient, with a 65% to 75% efficiency, ranking among the best production methods available. Natural gas is a convenient, easy-to-handle hydrogen feedstock with a high hydrogen-to-carbon ratio. It is also widely available from sources in the U.S. and Canada.

 

Improvements in catalyst manufacturing and the creation of modified SRM procedures, such as thermo-photo hybrid SRM, sorbent-enhanced SRM, and chemical looping SRM, are examples of recent developments in SRM technology.

 

Steam Methane Reforming: Harnessing Blue Hydrogen to Meet Global Energy and Emission Targets"

A key driver of the steam methane reforming (SMR) market is the rising global demand for hydrogen, which is expected to grow by over 50% by 2030, particularly for use in refining, chemical production, and clean energy applications. Additionally, integrating carbon capture and storage (CCS) with SMR, which can reduce CO2 emissions by up to 90%, is becoming increasingly important as regions like Europe and North America push for stricter environmental regulations and lower carbon footprints.

 

A significant opportunity in the steam methane reforming (SMR) market lies in the transition to blue hydrogen, which combines SMR with carbon capture and storage (CCS) technology. With global hydrogen demand expected to increase by over 50% by 2030, particularly in sectors like transportation and industry, integrating CCS with SMR presents a key opportunity to produce low-carbon hydrogen. This is especially relevant in regions like Europe and North America, where carbon reduction targets drive investments in cleaner energy technologies. For instance, the European Union's commitment to achieving net-zero emissions by 2050 is accelerating the development of blue hydrogen projects, positioning SMR with CCS as a vital technology in the decarbonization strategy, potentially capturing up to 90% of CO2 emissions.

 

Market Segmentation

By Technology Type

  • Steam Methane Reforming

  • Coal Gasification

 

By System Type:

  • Captive

  • Merchant

 

By Application:

  • Petroleum Production

  • Methanol Production

  • Ammonia Production

 

By Region

North America

  • US

  • Mexico

  • Canada

  • Rest of North America

 

Europe

  • Switzerland

  • Russia

  • France

  • Germany

  • U.K

  • Finland

  • Turkey

  • Netherlands

  • Belgium

  • Spain

  • Italy

  • Rest of Europe

 

Asia Pacific

  • China

  • India

  • South Korea

  • Japan

  • Singapore

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

  • Australia

  • Rest of Asia-Pacific

 

LAMEA

  • Brazil

  • Saudi Arabia

  • Argentina

  • Uruguay

  • Rest of LAMEA

 

Pioneering Blue Hydrogen: North America's Dominance in the Steam Methane Reforming Market

North America dominates the steam methane reforming (SMR) market, driven by its significant natural gas reserves and advanced industrial infrastructure. The United States alone produces approximately 25-30% of the world's hydrogen, largely through SMR processes. Additionally, North America is leading in the adoption of carbon capture and storage (CCS) technologies integrated with SMR, particularly in the push towards producing blue hydrogen. The U.S. government's support for cleaner energy solutions and the region's robust natural gas infrastructure solidifies North America's leadership in the global SMR market.

 

Key Players

  • Air Liquide S.A.

  • Linde plc

  • Honeywell International Inc. (UOP LLC)

  • Mitsubishi Heavy Industries, Ltd.

  • Siemens Energy AG

  • Haldor Topsoe A/S

  • McDermott International, Ltd.

  • thyssenkrupp AG

  • CB&I (Chicago Bridge & Iron Company N.V.)

  • Air Products and Chemicals, Inc.

 

Recent Development

  • In September 2023, Peregrine Hydrogen announced an oversubscribed seed fundraising round of $7.8 million. Bidra is leading the round, with Builders, Gates Frontier, Presidio Ventures, RiSC Capital, and Schox also participating. With the money, Peregrine will develop and enhance its in-house technology and enter the markets for commodity chemicals. In the modern world, hydrogen is indispensable. It is employed in producing goods like plastics, fertilizer, and other essentials that directly meet the needs of human society.

 

  • In August 2023, China deployed a total of 1 GW of electrolyzer capacity, solidifying its status as the global leader in the uptake of this technology. Much of China's hydrogen supply comes from grey hydrogen, created via steam methane reforming (SMR) or coal gasification. Transitioning to low-carbon hydrogen generation techniques will be essential if China hopes to meet its two carbon goals of peaking emissions by 2030 and being carbon neutral by 2060.

Frequently Asked Question About This Report

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Table of Contents

1.    EXECUTIVE SUMMARY
1.1. Market Attractiveness
1.2. Understanding the Target Customers
1.3. CXO perspective
1.4. Global Steam Methane Reforming (SMR)  Market, Historical Market Size & Future Projections Analysis
1.5. Global Steam Methane Reforming (SMR)  Market, By Technology Type
1.6. Global Steam Methane Reforming (SMR)  Market, By Application
1.7. Global Steam Methane Reforming (SMR)  Market, By System Type
1.8. Global Steam Methane Reforming (SMR)  Market, By Region
2.    MARKET SHARE ANALYSIS
2.1. Top 10 Players with Revenue and Sales Volume
2.2. Market Share, 2024
3.    SALES VOLUME (METRIC TONNES), BY REGION
3.1. Europe (UK, Germany, France, Netherlands, Italy, Spain, Belgium, Sweden, Denmark, Norway, Aland Islands, Rest of Europe)
3.2. Asia (China, Japan, South Korea, India, Indonesia, Rest of Asia)
3.3. Middle-East (Israel, Saudi Arabia, UAE, Qatar, Egypt, Kuwait, Bahrain, and Others)
4.    INVESTMENT OPPORTUNITIES IN THE MARKET
4.1. On Going Market Developments
4.2. Merger & Acquisition Trends
4.3. Key Investment Opportunities
4.4. Most Potential Technology Type Segments from Growth and Investment Perspective
5.    MARKET INTRODUCTION
5.1. Definition
5.2. Scope of the Study
5.3. Market Structure
5.4. Macro Factor Indicator Analysis
5.5. Key findings
5.5.1. Top investment pockets
6.    RESEARCH METHODOLOGY
6.1. Research Process
6.2. Primary Research
6.3. Secondary Research
6.4. Market Size Estimation
6.5. Forecast Model
7.    MARKET DYNAMICS
7.1. Introduction
7.2. Drivers
7.3. Restraints
7.4. Opportunities
7.5. Challenges
7.6. Covid 19 Impact Analysis
8.    GLOBAL STEAM METHANE REFORMING (SMR)  MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
8.1. Overview
8.2. Global Steam Methane Reforming (SMR)  Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
8.3. Global Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
8.4. Global Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology Type
8.4.1. Steam Methane Reforming
8.4.2. Coal Gasification
8.5. Global Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
8.5.1. Petroleum Production
8.5.2. Methanol Production
8.5.3. Ammonia Production
8.6. Global Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By System Type

8.6.1. Captive
8.6.2. Merchant
8.7. Global Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
8.7.1. Asia
8.7.2. North America
8.7.3. Europe
8.7.4. Middle East
9.    NORTH AMERICA STEAM METHANE REFORMING (SMR)  MARKET ANALYSIS BY SEGMENT (REGION LEVEL ANALYSIS)
9.1. Overview
9.2. North America Steam Methane Reforming (SMR)  Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
9.3. North America Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
9.4. North America Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology Type
9.4.1. Steam Methane Reforming
9.4.2. Coal Gasification
9.5. North America Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
9.5.1. Petroleum Production
9.5.2. Methanol Production
9.5.3. Ammonia Production

9.6. North America Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By System Type
9.6.1. Captive
9.6.2. Merchant

9.7. North America Swine Farms Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Geography
9.7.1. USA
9.7.2. Canada
9.7.3. Rest of North America
10.    EUROPE GLOBAL STEAM METHANE REFORMING (SMR)  MARKET ANALYSIS
10.1. Overview
10.2. Europe Steam Methane Reforming (SMR)  Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
10.3. Europe Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
10.4. Europe Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology Type
10.4.1. Steam Methane Reforming
10.4.2. Coal Gasification

10.5. Europe Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
10.5.1. Petroleum Production
10.5.2. Methanol Production
10.5.3. Ammonia Production

10.6. Europe Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By System Type
10.6.1. Captive
10.6.2. Merchant

10.7. Europe Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
10.7.1. Germany
10.7.2. UK
10.7.3. France
10.7.4. Spain
10.7.5. Italy
10.7.6. Benelux
10.7.7. Rest of Europe
11.    ASIA PACIFIC STEAM METHANE REFORMING (SMR)  MARKET ANALYSIS
11.1. Overview
11.2. Asia Pacific Steam Methane Reforming (SMR)  Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
11.3. Asia Pacific Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
11.4. Asia Pacific Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology Type
11.4.1. Steam Methane Reforming
11.4.2. Coal Gasification
11.5. Asia Pacific Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
11.5.1. Petroleum Production
11.5.2. Methanol Production
11.5.3. Ammonia Production

11.6. Asia Pacific Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By System Type
11.6.1. Captive
11.6.2. Merchant

11.7. Asia Pacific Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
11.7.1. China
11.7.2. Japan
11.7.3. Korea
11.7.4. India
11.7.5. Indonesia
11.7.6. Rest of Asia
12.    REST OF THE WORLD STEAM METHANE REFORMING (SMR)  MARKET ANALYSIS
12.1. Overview
12.2. Rest of the World Steam Methane Reforming (SMR)  Market Historical Market size ($MILLION), Sales Volume, (2022 – 2032)
12.3. Rest of the World Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032)
12.4. Rest of the World Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Technology Type
12.4.1. Steam Methane Reforming
12.4.2. Coal Gasification
12.5. Rest of the World Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Application
12.5.1. Petroleum Production
12.5.2. Methanol Production
12.5.3. Ammonia Production
12.6. Rest of the World Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By System Type
12.6.1. Captive
12.6.2. Merchant
12.7. Rest of the World Steam Methane Reforming (SMR)  Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2032), By Region
12.7.1. Latin America
12.7.2. Middle East
12.7.3. Africa   
13.    COMPANY PROFILES
13.1. AIR LIQUIDE S.A.
13.1.1. Company Overview  
13.1.2. Company Snapshot  
13.1.3. Operating business segments
13.1.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.1.5. Key business performances, strategies and developments
13.2. LINDE PLC
13.2.1. Company Overview  
13.2.2. Company Snapshot  
13.2.3. Operating business segments
13.2.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.2.5. Key business performances, strategies and developments
13.3. HONEYWELL INTERNATIONAL INC. (UOP LLC)
13.3.1. Company Overview
13.3.2. Company Snapshot
13.3.3. Operating business segments
13.3.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.3.5. Key business performances, strategies and developments
13.4.  MITSUBISHI HEAVY INDUSTRIES, LTD.
13.4.1. Company Overview
13.4.2. Company Snapshot
13.4.3. Operating business segments
13.4.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.4.5. Key business performances, strategies and developments
13.5. SIEMENS ENERGY AG
13.5.1. Company Overview
13.5.2. Company Snapshot
13.5.3. Operating business segments
13.5.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.5.5. Key business performances, strategies and developments
13.6. HALDOR TOPSOE A/S
13.6.1. Company Overview
13.6.2. Company Snapshot
13.6.3. Operating business segments
13.6.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.6.5. Key business performances, strategies and developments
13.7. MCDERMOTT INTERNATIONAL, LTD.
13.7.1. Company Overview
13.7.2. Company Snapshot
13.7.3. Operating business segments
13.7.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.7.5. Key business performances, strategies and developments
13.8. THYSSENKRUPP AG
13.8.1. Company Overview
13.8.2. Company Snapshot
13.8.3. Operating business segments
13.8.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.8.5. Key business performances, strategies and developments
13.9. AIR PRODUCTS AND CHEMICALS, INC.
13.9.1. Company Overview
13.9.2. Company Snapshot
13.9.3. Operating business segments
13.9.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.9.5. Key business performances, strategies and developments
13.10. OTHER MARKET PLAYERS
13.10.1. Company Overview
13.10.2. Company Snapshot
13.10.3. Operating business segments
13.10.4. Technology Type offered and Revenue from Global Steam Methane Reforming (SMR)  Business
13.10.5. Key business performances, strategies and developments

 

LIST OF TABLES

1. TABLE: MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
2. TABLE: MARKET FOR STEAM METHANE REFORMING, BY REGION, 2024-2032 (USD MILLION)
3. TABLE: MARKET FOR COAL GASIFICATION, BY REGION, 2024-2032 (USD MILLION)
4. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

 

5. TABLE: MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
6. TABLE: MARKET FOR PETROLEUM PRODUCTION, BY REGION, 2024-2032 (USD MILLION)
7. TABLE: MARKET FOR METHANOL PRODUCTION, BY REGION, 2024-2032 (USD MILLION)
8. TABLE: MARKET FOR AMMONIA PRODUCTION, BY REGION, 2024-2032 (USD MILLION)
9. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

10. TABLE: MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)
11. TABLE: MARKET FOR CAPTIVE, BY REGION, 2024-2032 (USD MILLION)
12. TABLE: MARKET FOR MERCHANT, BY REGION, 2024-2032 (USD MILLION)
13. TABLE: MARKET FOR OTHERS, BY REGION, 2024-2032 (USD MILLION)

14. TABLE: MARKET, BY REGION, 2024-2032 (USD MILLION)
15. TABLE: NORTH AMERICA MARKET, BY REGION, 2024-2032 (USD MILLION)
16. TABLE: NORTH AMERICA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
17. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
18. TABLE: NORTH AMERICA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


19. TABLE: USA MARKET BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
20. TABLE: USA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
21. TABLE: USA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


22. TABLE: CALIFORNIA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
23. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
24. TABLE: CALIFORNIA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

25. TABLE: TEXAS MARKET BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
26. TABLE: TEXAS MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
27. TABLE: TEXAS MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)  


28. TABLE: FLORIDA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
29. TABLE: FLORIDA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
30. TABLE: FLORIDA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)  

31. TABLE: CANADA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
32. TABLE: CANADA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
33. TABLE: CANADA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


34. TABLE: MEXICO MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
35. TABLE: MEXICO MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
36. TABLE: MEXICO MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


37. TABLE: REST OF NORTH AMERICA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
38. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
39. TABLE: REST OF NORTH AMERICA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

 

40. TABLE: EUROPE MARKET, BY REGION, 2024-2032 (USD MILLION)
41. TABLE: EUROPE MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
42. TABLE: EUROPE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
43. TABLE: EUROPE MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


44. TABLE: UK MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
45. TABLE: UK MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
46. TABLE: EUROPE MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


47. TABLE: SPAIN MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
48. TABLE: SPAIN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
49. TABLE: SPAIN MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)  


50. TABLE: BELGIUM MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
51. TABLE: BELGIUM MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
52. TABLE: BELGIUM MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


53. TABLE: SCANDINAVIAN MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
54. TABLE: SCANDINAVIAN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
55. TABLE: SCANDINAVIAN MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

 

56. TABLE: GERMANY MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
57. TABLE: GERMANY MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
58. TABLE: GERMANY MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)  
 


59. TABLE: FRANCE MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
60. TABLE: FRANCE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
61. TABLE: FRANCE MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


62. TABLE: ITALY MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
63. TABLE: ITALY MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
64. TABLE: ITALY MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


65. TABLE: REST OF EUROPE MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
66. TABLE: REST OF EUROPE MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
67. TABLE: REST OF EUROPE MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


68. TABLE: ASIA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
69. TABLE: ASIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
70. TABLE: ASIA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

 

71. TABLE: CHINA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
72. TABLE: CHINA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)   
73. TABLE: CHINA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)   


74. TABLE: INDIA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
75. TABLE: INDIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
76. TABLE: INDIA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


77. TABLE: JAPAN MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
78. TABLE: JAPAN MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
79. TABLE: JAPAN MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

80. TABLE: SOUTH KOREA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
81. TABLE: SOUTH KOREA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)   
82. TABLE: SOUTH KOREA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)   


83. TABLE: INDONESIA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
84. TABLE: INDONESIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
85. TABLE: INDONESIA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)


86. TABLE: REST OF ASIA MARKET, BY TECHNOLOGY TYPE, 2024-2032 (USD MILLION)
87. TABLE: REST OF ASIA MARKET, BY APPLICATION, 2024-2032 (USD MILLION)
88. TABLE: REST OF ASIA MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)

 

89. TABLE: REST OF THE WORLD MARKET, BY TECHNOLOGY TYPE,, 2024-2032 (USD MILLION)
90. TABLE: REST OF THE WORLD MARKET, BY APPLICATION, 2024-2032 (USD MILLION)  
91. TABLE: REST OF THE WORLD MARKET, BY SYSTEM TYPE, 2024-2032 (USD MILLION)  

 

92. TABLE: LINDE PLC: COMPANY SNAPSHOT
93. TABLE: LINDE PLC: OPERATING SEGMENTS
94. TABLE: HONEYWELL INTERNATIONAL INC. (UOP LLC): COMPANY SNAPSHOT
95. TABLE: HONEYWELL INTERNATIONAL INC. (UOP LLC): OPERATING SEGMENTS
96. TABLE: MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT
97. TABLE: MITSUBISHI HEAVY INDUSTRIES, LTD.: OPERATING SEGMENTS
98. TABLE: AIR LIQUIDE S.A. COMPANY SNAPSHOT
99. TABLE: AIR LIQUIDE S.A. OPERATING SEGMENTS
100. TABLE: SIEMENS ENERGY AG: COMPANY SNAPSHOT
101. TABLE: SIEMENS ENERGY AG: OPERATING SEGMENTS
102. TABLE: HALDOR TOPSOE A/S: COMPANY SNAPSHOT
103. TABLE: HALDOR TOPSOE A/S: OPERATING SEGMENTS
104. TABLE: MCDERMOTT INTERNATIONAL, LTD.: COMPANY SNAPSHOT
105. TABLE: MCDERMOTT INTERNATIONAL, LTD.: OPERATING SEGMENTS
106. TABLE: THYSSENKRUPP AG: COMPANY SNAPSHOT
107. TABLE: THYSSENKRUPP AG: OPERATING SEGMENTS
108. TABLE: AIR PRODUCTS AND CHEMICALS, INC.: COMPANY SNAPSHOT
109. TABLE: AIR PRODUCTS AND CHEMICALS, INC.: OPERATING SEGMENTS
110. TABLE: VULTR: COMPANY SNAPSHOT
111. TABLE: VULTR: OPERATING SEGMENTS


LIST OF FIGURES
1. Figure: Market: Research Methodology Steps
2. Figure: Research Design
3. Figure: Breakdown of Primaries: Market
4. Figure: Research Methodology: Hypothesis Building
5. Figure: Market: Technology Type and Service-Based Estimation
6. Figure: Top 10 Companies with Highest No. Of Patent in Last 9 Years
7. Figure: Growth Strategies Adopted by the Key Players
8. Figure: No. of Patents Granted Per Year, 2024–2032
9. Figure: Data Triangulation Methodology
10. Figure: Dominating Market Share, By Technology Type, 2024 vs. 2032 (USD MILLION)
11. Figure: Dominating Market Share, By Application, 2024 vs. 2032 (USD MILLION)
12. Figure: Dominating Market Share, By System Type, 2024 vs. 2032 (USD MILLION)
13. Figure: Dominating Market Share, By Technology, 2024 vs. 2032 (USD MILLION)
14. Figure: Geographical Snapshot of the Market
15. Figure: Steam Methane Reforming to Witness Higher Share in the Market for Technology Type Segment during the Forecast Period.
16. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2024
17. Figure: Market: Drivers, Restraints, Opportunities, and Challenges
18. Figure: Asia: Market Snapshot
19. Figure: Europe: Market Snapshot
20. Figure: Middle East: Market Snapshot
21. Figure: Vendor Dive: Evaluation Overview
22. Figure: Steam Methane Reforming (SMR) : Competitive Benchmarking  
23. Figure: Linde plc: Financial Overview (2024-2032)  
24. Figure: Honeywell International Inc. (UOP LLC): Financial Overview (2024-2032)  
25. Figure: AIR LIQUIDE S.A. Financial Overview (2024-2032)
26. Figure: SIEMENS ENERGY AG: Financial Overview (2024-2032)
27. Figure: Haldor Topsoe A/S: Financial Overview (2024-2032)
28. Figure: Thyssenkrupp AG: Financial Overview (2024-2032)
29. Figure: Air Products and Chemicals, Inc.: Financial Overview (2024-2032)