금속 수소 생성 시장 : 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Metal Hydrogen Generation Market, valued at USD 8.9 billion in 2024, is expected to grow at 7.7% CAGR from 2025 to 2034. This market focuses on producing hydrogen gas for use in metal processing, where it serves as a reducing agent, particularly in steel manufacturing. Hydrogen helps remove oxygen from iron ore, allowing it to produce pure metallic iron with significantly reduced carbon emissions. This integration contributes to a more sustainable and environmentally friendly metal production process, reducing reliance on carbon-based fuels and cutting overall greenhouse gas emissions.

A key driver behind the growth of the metal hydrogen generation market is the growing commitment of the metal industry to decarbonization and sustainability. As regulations tighten and carbon pricing mechanisms are introduced, metal plants are being pressured to adopt cleaner technologies. This shift is fueling demand for hydrogen-based solutions, particularly as green hydrogen production, powered by renewable energy sources, gains momentum.

The market is segmented by process type, with the steam methane reforming (SMR) segment expected to generate USD 15.5 billion by 2034. SMR is gaining traction due to its ability to produce hydrogen without relying on fossil fuels, making it a crucial component in decarbonizing the metal industry. The increasing need for scalable processes that can cater to both small- and large-scale production facilities further boosts the adoption of SMR, supporting a range of applications from niche production to supplying large industrial complexes.

In terms of delivery mode, the merchant segment is anticipated to grow at a CAGR of 8.5% through 2034. This growth is driven by the cost-effectiveness and flexibility of the merchant model. Technological advancements in hydrogen production, including improvements in electrolysis and steam methane reforming coupled with carbon capture technologies, are making the merchant delivery model more viable. Additionally, the development of clean energy infrastructure will help reduce logistical costs and enable localized hydrogen supply, further enhancing the attractiveness of the merchant model.

The U.S. metal hydrogen generation market is expected to represent a significant portion of the market, with projections indicating the metal hydrogen generation market will generate USD 1.35 billion by 2034. Several states have set ambitious decarbonization goals, driving demand for cleaner production methods in the metal industry. Additionally, government incentives and funding programs, including those allocated to clean energy projects, are expected to accelerate the adoption of hydrogen-based technologies and drive market growth.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Research design
• 1.2 Base estimates & calculations
• 1.3 Forecast model
• 1.4 Primary research & validation
  • 1.4.1 Primary sources
  • 1.4.2 Data mining sources
• 1.5 Market definitions

Chapter 2 Executive Summary

• 2.1 Industry 360° synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL analysis

Chapter 4 Competitive landscape, 2024

• 4.1 Introduction
• 4.2 Strategic dashboard
• 4.3 Innovation & technology landscape

Chapter 5 Market Size and Forecast, By Delivery Mode, 2021 - 2034 (USD Billion)

• 5.1 Key trends
• 5.2 Captive
• 5.3 Merchant

Chapter 6 Market Size and Forecast, By Process, 2021 - 2034 (USD Billion)

• 6.1 Key trends
• 6.2 Steam reformer
• 6.3 Electrolysis
• 6.4 Others

Chapter 7 Market Size and Forecast, By Region, 2021 - 2034 (USD Billion)

• 7.1 Key trends
• 7.2 North America
  • 7.2.1 U.S.
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 France
  • 7.3.4 Italy
  • 7.3.5 Netherlands
  • 7.3.6 Russia
• 7.4 Asia Pacific
  • 7.4.1 China
  • 7.4.2 India
  • 7.4.3 Japan
• 7.5 Middle East & Africa
  • 7.5.1 Saudi Arabia
  • 7.5.2 Iran
  • 7.5.3 UAE
  • 7.5.4 South Africa
• 7.6 Latin America
  • 7.6.1 Brazil
  • 7.6.2 Argentina
  • 7.6.3 Chile

Chapter 8 Company Profiles

• 8.1 Air Products and Chemicals
• 8.2 Air Liquide
• 8.3 China Baowu Steel Group
• 8.4 JSW Group
• 8.5 Linde
• 8.6 Messer Group
• 8.7 Nel Hydrogen
• 8.8 Reliance Industries
• 8.9 Shell Global
• 8.10 SSAB