Reformer Unit Market is expected to Grow with a CAGR of 2.03% through 2030
The primary driver for the
Reformer Unit Market is the rising global demand for cleaner fuels and
hydrogen, prompting refiners to invest in advanced reforming technologies to
enhance efficiency and meet environmental regulations.
According to TechSci Research
report, “Reformer Unit Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Reformer Unit Market was valued at USD 20.71 Billion in 2024 and is expected to reach USD 23.57 Billion by 2030 with a CAGR of 2.03%. The Reformer Unit Market is primarily driven
by the increasing global demand for refined products, particularly hydrogen,
high-octane gasoline, and petrochemical intermediates. As industrialization
accelerates worldwide, especially in emerging economies, the need for energy
and chemicals continues to rise, thereby propelling the demand for reformer
units, which are integral in refining and petrochemical processes. Reformer
units are crucial in the conversion of naphtha, natural gas, and other
hydrocarbons into valuable by-products such as benzene, toluene, xylene, and
hydrogen, which are essential for the production of high-value chemicals,
fuels, and materials. The growing demand for hydrogen, especially as a cleaner
alternative to fossil fuels, is a key factor driving the market, with reforming
units playing a significant role in hydrogen production for industries such as
refining, ammonia production, and fuel cell technologies.
The expanding capacity of
refineries, particularly in Asia-Pacific and the Middle East, is another
significant driver. As these regions increase their refinery and petrochemical
output to meet the growing energy and chemical demands, the need for efficient
and high-capacity reformer units becomes even more critical. In mature markets
like North America and Europe, refineries are increasingly focused on upgrading
and optimizing their existing facilities to improve efficiency and reduce
operational costs. This trend toward retrofitting older refineries with
advanced reforming technologies is further stimulating the market for reformer
units. Technological advancements in catalytic reforming processes, improved
catalysts, and the development of more energy-efficient reformer units are also
contributing to market growth.
These innovations enable
higher production rates, better performance, and reduced energy consumption,
making reforming processes more economical and environmentally friendly. The
ability to produce valuable chemicals and hydrogen from various feedstocks is
making reformer units an attractive option for refineries and petrochemical
plants seeking to diversify their product portfolios and improve operational
flexibility. As the demand for cleaner, more sustainable energy solutions
grows, the reformer unit market is expected to continue expanding, driven by
technological advancements, regulatory pressures, and the increasing demand for
energy and chemicals across the globe.
Browse over XX Market data
Figures spread through XX Pages and an in-depth TOC on the "Global Reformer Unit Market.”
Based on the Technology, Natural Gas Reforming segment held
the largest Market share in 2024. The Reformer Unit Market in the Natural Gas
Reforming segment is primarily driven by the increasing global demand for
hydrogen and the growing recognition of natural gas as a cleaner alternative to
traditional fossil fuels. Natural gas reforming, particularly steam methane
reforming (SMR), is the most widely used method for producing hydrogen, a
critical element in various industrial processes, including petroleum refining,
ammonia production, and the emerging hydrogen economy for fuel cells. With the
global shift towards cleaner energy sources and the decarbonization of
industries, natural gas reforming has become a key method for hydrogen
production.
This is largely driven by the need for hydrogen in refining
processes, such as hydrocracking, desulfurization, and upgrading, which require
large quantities of hydrogen to produce high-quality, low-sulfur fuels. The
rise in demand for hydrogen, particularly in industries such as automotive,
manufacturing, and energy, where hydrogen is viewed as a viable alternative
fuel, has increased the need for efficient and cost-effective reformer units
for natural gas. Additionally, natural gas reforming is seen as a cost-effective
option compared to other hydrogen production methods, such as electrolysis,
especially in regions where natural gas is abundant and inexpensive. The
growing adoption of natural gas as a cleaner fuel alternative in power
generation and heating applications also contributes to the growth of the
natural gas reforming segment, as reformer units enable the efficient
conversion of natural gas into valuable by-products, such as hydrogen and
syngas, which can be utilized in other energy sectors.
Advancements in catalyst technology and improvements in
reformer unit design have led to higher efficiency and lower emissions, making
natural gas reforming more attractive as a sustainable and environmentally
friendly option. The development of carbon capture and storage (CCS)
technologies also presents opportunities for natural gas reforming, as it
allows the capture of CO2 emissions generated during the reforming process,
further reducing the environmental impact and enabling the production of “blue
hydrogen.” Additionally, the increasing emphasis on energy security and the
expansion of natural gas infrastructure globally is driving demand for reformer
units. Countries with large natural gas reserves, such as the United States,
Russia, Qatar, and countries in the Middle East, are investing heavily in
natural gas reforming technologies to ensure reliable hydrogen supply and
promote the utilization of domestic energy resources. The global shift towards
industrial decarbonization is also a key driver of the natural gas reforming
market. As companies and governments set targets for reducing carbon emissions
and achieving net-zero goals, the need for clean hydrogen production from
natural gas reforming becomes more critical. Furthermore, the rising interest
in green hydrogen production, coupled with the development of renewable energy
sources, is driving research into more efficient and sustainable natural gas
reforming technologies, including the integration of renewable energy sources
with natural gas reforming processes. As the world continues to embrace the
hydrogen economy, natural gas reforming will play a crucial role in meeting the
increasing demand for hydrogen, contributing to the growth of the reformer unit
market in the natural gas reforming segment.
Based on region, The Asia Pacific region is experiencing
the fastest growth in the Reformer Unit Market, driven by significant
investments in refining capacity and a shift toward cleaner fuels. China and
India are leading this expansion, with China expected to add 2.6 million
barrels per day (bpd) of refining capacity by 2024, contributing around 71% of
the region's total capacity growth . India plans to increase its refining
capacity by 56.6 million tonnes per annum over the next seven years, with a
substantial portion through brownfield expansions . Additionally, countries
like Indonesia, Sri Lanka, and Mongolia are undertaking refinery projects to
meet growing fuel demand . This robust growth in refining capacity is driving
the demand for advanced reformer units to produce high-octane fuels and meet
environmental standards. As a result, Asia Pacific is positioned as a key
market for reformer units, offering substantial opportunities for industry
players.
Major companies operating in
the Global Reformer Unit Market are:
- Honeywell International Inc.
- John Wood Group PLC
- BP International Limited
- Larsen & Toubro Limited
- Siemens AG
- Linde Plc
- Mitsubishi Heavy Industries Ltd.
- Jacobs Solutions Inc.
- Emerson Electric Co.
- MAIRE S.p.A..
Download Free Sample Report
Customers can also request
10% free customization in this report.
“The Global Reformer Unit
Market is expected to rise in the upcoming years and register a significant
CAGR during the forecast period. The Reformer Unit Market offers substantial
growth potential, underpinned by the increasing global demand for refined fuels
and chemicals. Strategic investments in refinery modernization and expansion,
especially in emerging economies, are driving the need for advanced reforming
technologies. The transition to cleaner, more sustainable energy sources,
alongside the rising demand for hydrogen, opens new growth avenues,
particularly in green hydrogen production. Ongoing advancements in catalyst
technology and process optimization present further opportunities for
innovation. Additionally, the tightening of environmental regulations is
accelerating the adoption of high-efficiency, low-emission reforming solutions,
thereby strengthening the market outlook worldwide. Therefore, the Market of Reformer
Unit is expected to boost in the upcoming years.,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management consulting
firm.
“Reformer
Unit Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented, By Application (Petrochemical, Hydrogen Production, Ammonia
Production, Refining, Power Generation), By Type (Steam Reformer, Partial
Oxidation Reformer, Autothermal Reformer), By Technology (Natural Gas
Reforming, Biomass Reforming, Coal Gasification), By End-User (Oil
& Gas, Chemical, Energy, Pharmaceutical), By Region, By Competition,
2020-2030F”,
has evaluated the future growth potential of Global Reformer Unit Market and
provides statistics & information on the Market size, structure, and future
Market growth. The report intends to provide cutting-edge Market intelligence
and help decision-makers make sound investment decisions., The report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Reformer Unit Market.
Contact
Techsci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States-
10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com