Frost Radar™: Hydrogen Production Technologies, 2021
Published on: 26-May-2021 | SKU: EG02156-GL-TR_25458

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Driven by increasingly stringent environmental norms, growing environmental awareness, and policy-level initiatives, multiple stakeholders throughout the energy and power industry has begun adopting technology solutions adhering to zero-emission protocols. Among the several solutions, Hydrogen Production Technologies are garnering special interest due to their clean-combustion property (end products are just water and energy) and high energy density, when compared with traditional fossil fuel alternatives. Hydrogen Production Technologies can be categorized as grey, blue, and green hydrogen. Grey hydrogen is produced via fossil fuel utilization or by steam methane reforming of natural gas, blue hydrogen is produced via the fossil fuel route coupled with carbon capture and storage technology, and green hydrogen (the ultimate goal for hydrogen economy) is the cleanest possible hydrogen produced using electrolysis processes coupled with renewable energy. Grey hydrogen accounts for nearly 6% of global natural gas consumption and its production process is the most cost-effective. However, the process emits carbon dioxide and hence defies the idea of a clean energy source. To make the hydrogen production process environment friendly, industry participants have begun integrating carbon capture and storage technologies to grey hydrogen, i.e., blue hydrogen. The transition from grey to blue hydrogen is expected to continue until green hydrogen technologies become cost competitive. Green hydrogen enables emission-free production of hydrogen that is potentially applicable for a wide array of end-use sectors, industries, and applications: industrial heating, automotive, steel manufacturing, chemical industries, refineries, fertilizer manufacturing, and energy generation. Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. This includes – Siemens AG, Cummins Inc., Linde plc, Air Liquide, Nel Hydrogen, Asahi Kasei, Air Products, ITM Power, GHS, Mahler, HyGear, and HOELLER.

Strategic Imperative

Strategic Imperative (Continued)

The Growth Environment

The Growth Environment (Continued)

The Growth Environment (Continued)

Frost Radar™: Hydrogen Production Technologies

Frost Radar™

Air Liquide

Air Products

Asahi Kasei

Cummins Inc.

Green Hydrogen Systems

HOELLER Electrolyzer GmbH

HyGear

ITM Power

Linde plc

Mahler AGS

Nel Hydrogen

Siemens AG

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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Impacting your company's future growth potential.

Driven by increasingly stringent environmental norms, growing environmental awareness, and policy-level initiatives, multiple stakeholders throughout the energy and power industry has begun adopting technology solutions adhering to zero-emission protocols. Among the several solutions, Hydrogen Production Technologies are garnering special interest due to their clean-combustion property (end products are just water and energy) and high energy density, when compared with traditional fossil fuel alternatives. Hydrogen Production Technologies can be categorized as grey, blue, and green hydrogen. Grey hydrogen is produced via fossil fuel utilization or by steam methane reforming of natural gas, blue hydrogen is produced via the fossil fuel route coupled with carbon capture and storage technology, and green hydrogen (the ultimate goal for hydrogen economy) is the cleanest possible hydrogen produced using electrolysis processes coupled with renewable energy. Grey hydrogen accounts for nearly 6% of global natural gas consumption and its production process is the most cost-effective. However, the process emits carbon dioxide and hence defies the idea of a clean energy source. To make the hydrogen production process environment friendly, industry participants have begun integrating carbon capture and storage technologies to grey hydrogen, i.e., blue hydrogen. The transition from grey to blue hydrogen is expected to continue until green hydrogen technologies become cost competitive. Green hydrogen enables emission-free production of hydrogen that is potentially applicable for a wide array of end-use sectors, industries, and applications: industrial heating, automotive, steel manufacturing, chemical industries, refineries, fertilizer manufacturing, and energy generation. Frost & Sullivan independently plotted the top 12 companies in this Frost Radar™ analysis. This includes – Siemens AG, Cummins Inc., Linde plc, Air Liquide, Nel Hydrogen, Asahi Kasei, Air Products, ITM Power, GHS, Mahler, HyGear, and HOELLER.
More Information
Deliverable Type Frost Radar
Author Vijay Wilfred
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number D9EF-01-00-00-00

Frost Radar™: Hydrogen Production Technologies, 2021

EnergyFrost Radar™: Hydrogen Production Technologies, 2021

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
26-May-2021
REGION
Global
Deliverable Type
Frost Radar
Research Code: D9EF-01-00-00-00
SKU: EG02156-GL-TR_25458
AvailableYesPDF Download
$4,950.00
Out of stock
SKU
EG02156-GL-TR_25458