Hydrogen Boiler Market

Global Hydrogen Boiler Market Size (2024-2029):

The size of the global hydrogen boiler market was worth USD 77.38 million in 2023. The global market is anticipated to grow at a CAGR of 6% from 2024 to 2029 and be worth USD 109.77 million by 2029 from USD 82.02 million in 2024. 

MARKET SCENARIO

A hydrogen boiler burns hydrogen rather than natural gas or methane. By burning the gas through combustion, these appliances function much similarly to natural gas boilers in which they produce hot flue gases that may be used to heat water. This hot water is stored and pumped around the radiators to warm up the house. Since hydrogen is a thinner gas than methane, several components of the boiler, such as the flame detector and the burner, may be slightly different. Nevertheless, these components still function similarly to your existing boiler.

The rising concerns of global warming, the rising adoption of substitutes for natural gasses, and the global push towards decarburization and reducing human dependence on fossil fuels are the key factors driving the growth of the global hydrogen boilers market. The Hydrogen Boilers can be applied in commercial, industrial, and power (CI&P) end markets as a substitute for natural gas boilers to produce steam. Moreover, the various applications of Hydrogen Boilers are driving the growth of the global hydrogen boiler market. Additionally, the various government initiatives boosting hydrogen production to limit the use of natural gas for a sustainable and greener environment are accelerating the growth of hydrogen boilers worldwide. Moreover, rapid industrialization throughout the world is propelling the growth of the global Hydrogen Boiler Market.

However, the high costs of hydrogen boilers and the other pollutants such as nitrogen oxides caused by burning hydrogen may limit the use of hydrogen boilers to a certain extent. 

MARKET DRIVERS

Many calamities, such as storms, heat waves, floods, and droughts, are getting worse because of rising temperatures. Wet areas become wetter and dry areas become drier due to a warmer climate producing an atmosphere that can gather, retain, and discharge more water. The National Oceanic and Atmospheric Administration estimate that in 2023, 20 weather and climate disaster events, including severe storms, floods, droughts, and wildfires, occurred in the United States, each of which resulted in at least $1 billion in losses. Additionally, disasters in 2021 cost $145 billion, excluding health damages. Also, lack of water is a major cause of death and serious disease in other parts of the world, resulting in crop failure. 

According to modern scientists, climate change is the greatest threat to world health in the twenty-first century. Each year, hundreds of deaths in the United States occur due to climate change, especially the heat-related effects of heat exhaustion, heatstroke, cardiovascular disease, and kidney disease. More Americans die from excessive heat yearly than hurricanes, tornadoes, floods, and lightning. Furthermore, as the temperature increases, air pollution worsens by rising ground-level ozone smog, created when the pollution from industries and other sources reacts to sunlight. Therefore, there is a huge requirement to prevent the severe consequences of climate change and global warming. This can be done by rapidly reducing global emissions such as carbon emissions caused by industries highly using harmful gas. Hence, hydrogen is being adopted by various regions, such as the UK, aiming at zero carbon emission by 2050, thus increasing the demand for the hydrogen boiler market.

The need to reduce human dependence on fossil fuels and push toward decarbonization is accelerating the demand for Hydrogen Boilers:

Steam is a major energy source in commercial and industrial applications. In the U.S. alone, around 37% of fossil fuels burned by industries are used to produce steam. All major industrial energy consumers dedicate substantial portions of their fossil fuel consumption to producing steam, including 57% for food processing, 81% for pulp and paper, 42% for chemicals, and 23% for petroleum refining. To meet the global net-zero carbon emission targets, it is crucial to eliminate emissions connected to thermal energy needs. Closed-loop, zero-emission hydrogen boilers like the Dynamic Combustion Chamber produce pure "process steam" without polluting the air. As a result, they are generally fuel-efficient and do not need smokestacks or other energy-wasting exhaust. The scalable technique of zero-emission, closed-loop hydrogen boilers is based on combining pure H2 and pure O2 to produce water molecules and heat rather than burning H2 in the presence of air. H2 and O2 react exothermically during burning, releasing 61,000 Btu (heat index) per pound of H2 compared to 12,000 Btu per pound of coal. When ignited by a spark, this mixture instantly condenses into superheated steam at a temperature of 5,080°F or 2,804°C, producing a moderate vacuum because of the chemical reaction's condensing property. The superheated steam efficiently transfers heat to the boiler shell when it comes into contact with the boiler tubes, producing cycle steam that can be put to use. Additionally, the thermal condensing technology enables the heating process to completely capture the total heat of the steam without releasing it into the atmosphere. This helps reduce the carbon emission in the air hence driving the demand for Hydrogen Boilers. 

MARKET GROWTH

Commercial, industrial, and power (CI&P) end-market applications consume and extensively use high-quality clean process steam. Steam boilers are largely utilized in commercial markets and applications for space heating, hot water, combined heat and power (CHP), and cooling, heat, and power (CCHP) systems. High-quality process steam is primarily utilized in industrial applications for processing food and beverages, chemicals and petrochemicals, textiles, pulp and paper, metals, and mining, among other major uses of heat and steam. For instance, processing food and beverages, such as sterilization, disinfection, pasteurization, lowering microbiological microorganisms, cooking, curing, and drying, all include using steam. The natural gas boilers that generate the steam emit carbon and are highly dependent on fossil fuels. Hence, Hydrogen Boilers are being adopted as steam boilers in these industries.

The hydrogen boilers can be used with a turbine Genset for CHP applications in electricity and utility. They can also be employed in a remote, unconnected area or as a component of a microgrid, building, or district energy system. Compared to other energy generation options, this method can provide several advantages when combined with electrolysis, gas storage, and a turbine. Hydrogen can store energy and is different from the Dynamic Combustion Chamber system. Hence, the aforementioned features fuel the growth of the hydrogen boiler market during the forecast period.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Hydrogen Boiler Market Analysis By Type

Based on type, the Global Hydrogen Boiler Market is segmented into Small Size and Large Size. The Small size segment is expected to grow at a significant CAGR due to its huge number of applicants for residential purposes. In addition, lowering the use of natural gas damaging the environment creates a demand for hydrogen boilers in most regions. 

Global Hydrogen Boiler Market Analysis By Application

By application, the global hydrogen boilers market is classified into Residential, Commercial, and Industrial. The Industrial segment is expected to dominate the global hydrogen boilers market. The gas released by the large natural gas boilers used in industries like oil & gas, ammonia production, steel production, and methanol refining is polluting the environment. Hence, the government is promoting the use of hydrogen gas boilers around the globe to control pollution and global warming. The various initiatives and funding by the government promoting the use of hydrogen boilers are driving the industry segment’s growth. 

REGIONAL ANALYSIS

The Europe Hydrogen Boiler market is expected to grow at the highest CAGR due to the wide adoption of hydrogen boilers in the UK. The government's aim at net zero carbon emission in the UK is boosting the demand for the hydrogen boiler market in the region. Moreover, hydrogen boilers are used for heating homes and the supply of hydrogen as a fuel. Therefore, people in the UK prefer hydrogen gas instead of natural gas in their homes is fuelling the growth of the European hydrogen boilers market. 

KEY PLAYERS IN THE GLOBAL HYDROGEN BOILER MARKET

The major companies operating in the hydrogen boiler market are Worcester Bosch, BDR Thermea Group, Giacomini, Jericho Energy Ventures, and Others.

RECENT HAPPENINGS IN THE GLOBAL HYDROGEN BOILER MARKET

• In 2021, Bosch started the supply of a “Hydrogen ready” UT-L series boiler to the gas supplier Wunsiedel Energy Park in the Fichtel Mountains in Germany. The UT-L can produce carbon-neutral thermal energy with approximately 100% hydrogen for the new Gelo Timber sawmill. In addition, Worcester Bosch targets a net zero carbon emission by 2050 by establishing hydrogen-powered industrial boilers that can be operated with up to 100% hydrogen.
• In May 2021, Hydrogen Technologies, a subsidiary of Jericho Energy Ventures, launched a new generation 2.0 cleanH2steam DCC Boiler 3000 series design. The Hydrogen Technologies’ H2steam 2.0 DCC consists of an improved and streamlined fuel delivery system, including high-process monitoring, high-precision mass flow meters, and remote management options.

DETAILED SEGMENTATION OF THE GLOBAL HYDROGEN BOILER MARKET INCLUDED IN THIS REPORT

This global hydrogen boiler market research report has been segmented and sub-segmented based on type, application and region.

By Type

• Small Size
• Large Size

By Application

• Residential
• Commercial
• Industrial

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa