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
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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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Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| 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
A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
26-May-2021
Global
Frost Radar
