Colombia Hydrogen Generation Market Overview, 2027

"The Colombian government has expressed its commitment to clean energy and reducing carbon emissions. As part of this commitment, they have highlighted the potential for hydrogen as a clean energy solution.Colombia has significant renewable energy resources, including solar and wind, which could be used in the production of green hydrogen through electrolysis, utilizing renewable electricity to split water into hydrogen and oxygen. Additionally, Colombia has natural gas reserves, which could be used for hydrogen production through steam methane reforming, though this method generates carbon emissions unless carbon capture and storage (CCS) technologies are applied.With the support of the Inter-American Development Bank (IDB), the Government of Colombia has put in place a roadmap for the development of low-carbon hydrogen for the period 2021-2030.This roadmap is framed within four areas: legal and regulatory enablers, market development instruments, support for infrastructure deployment, technological and industrial development. Colombia's National Hydrogen Roadmap expects a H2 demand of 1.9 Mt/a by 2050. Thus these factors will create a potential market for hydrogen for the upcoming years. According to the report titled ""Colombia Hydrogen Generation Market Overview, 2027"" published by Bonafide research, the market size of Colombia hydrogen generation market is significantly growing in the forecasted period. Steam reforming is the most common method for producing hydrogen-rich synthesis gas from light carbohydrates. In catalytic tube reactors, the input materials such as natural gas, liquid gas, or naphtha are endothermic ally transformed with water steam into synthesis gas. Hydrogen generation from renewable resources is still restricted to small-scale, local solutions and R&D initiatives; industrial-scale steam methane reforming (SMR) of natural gas is the cheapest and most widely used technique, producing the most hydrogen. The steam methane reforming method is the most widely used method for hydrogen generation in the Colombia and it has highest market share. A hydrocarbon-rich feedstock, such as coal, is burned at high temperatures in the gasification process to create syngas rich in hydrogen, carbon monoxide, and CO2. The syngas can then be improved by employing the water gas shift process to convert the CO to CO2 and additional hydrogen. Hydrogen may be used in fuel cells to produce electricity, power, or both power and heat. Today, the most prevalent applications for hydrogen are in petroleum refining and fertilizer manufacturing, with transportation and utilities being burgeoning areas. The Colombia largest market share of hydrogen generation is held by petroleum refineries and ammonia manufacturing. Traditional combustion engines may add weight and inefficiency to a vehicle. Hydrogen-powered cars use hydrogen fuel cells instead of combustion engines, which convert energy to electricity more effectively. Fuel cells transform the chemical energy of a fuel into electrical energy and are two to three times more efficient than internal combustion engines. Because there are fewer vibrations from moving parts, fuel cells make the car more efficient and quieter. Because hydrogen fuel allows cars to go farther with less refilling, it is excellent for powering heavy-duty tractor trailers and public transportation buses that travel hundreds of miles at a time. The market share of transportation is lower than the other applications, but growth seems relatively good in the Colombia hydrogen generation market. The hydrogen generating market has been divided into captive and merchant segments based on generation and distribution methods. The merchant segment is anticipated to be driven by rising large-scale hydrogen generation using water electrolysis and natural gas technology. Both natural gas and water electrolysis may be used to make commercial hydrogen. By using this technique, less fuel must be transported, which decreases the need to build additional infrastructure for hydrogen production. However, captive hydrogen generation, its constrained production capacity results in higher hydrogen costs.

Covid-19 Impacts: The spread of COVID-19 has caused an unprecedented global public health catastrophe that has had an effect on almost every industry, and its long-term effects are anticipated to have an impact on industry growth throughout the course of the projected period. Consumer demand, buying habits, supply chain rerouting, current market dynamics, and significant government involvement have all changed as a result of COVID-19. The Colombia government has taken several measures to secure the availability of raw materials by monitoring the supply and demand of the intermediate commodities needed to produce hydrogen. In addition, the governments of some nations are offering raw material subsidies and assisting domestic producers with short-term loans in order to help SMEs (small and medium-sized companies) and local manufacturers involved in the production of hydrogen. One of the areas that COVID-19 caused the most damage to was the production of hydrogen. Certain initiatives have been made to strengthen international collaboration between the countries. This should encourage investments and enhance the ease of doing business inside the countries. Additionally, a number of relief measures were offered to major and intermediate market hydrogen producing companies. The Colombia governments encouraged technical advances, which gave new and on-going initiatives a boost. Consider in this report: • Geography: Colombia • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Colombia 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

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Manmayi Raval

Research Consultant

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

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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. "