09-24-2018 09:38 AM CET - Energy & Environment
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Global hydrogen generation market participants include Showa Denko K.K., Messer Group GmbH, Caloric Anlagenbau GmbH, Nuvera Fuel Cells, LLC, Xebec Adsorption Inc, Taiyo Nippon Sanso Corporation, Hydrogenics, Praxair Technology, Inc, Iwatani Corporation an

Press release from: Global Market Insights, Inc.
Hydrogen Generation
Hydrogen Generation
Strict regulatory norms to reduce sulfur content with measures to reduce the carbon footprint will drive the global hydrogen generation market size. U.S. federal and state governments have adopted various programs including the Tier 3 program to reduce the sulfur content in gasoline, motor oil, and diesel, which aims to lower the gasoline sulfur content up to 10 ppm in 2017.

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Growing demand for petroleum products from developing countries is anticipated to drive the hydrogen generation market size in the coming years. Hydrogen is used in various refining processes including hydrocracking and hydrodesulfurization to crack bigger molecules into lighter ones and converted into more usable products.

Strong investment for the expansion and upgrade of refineries to fulfill emission and sulfur content regulation will stimulate the hydrogen generation market size growth. Increasing heavy crude oil consumption demand will complement the industry landscape. Positive outlook towards the chemical industry including ammonia and methanol will positively influence growth.

Hydrogen generation market demand from the steam reformer process is predicted to witness growth at over 5% CAGR during the forecast period owing to low prices and easy availability of natural gas. In the steam methane reforming process, methane reacts with steam in the presence of catalyst under 3 bar to 25 bar pressure to produce H2, CO2 and CO.

Key insights from the report include:

U.S. hydrogen generation market share contributed over 70% of the regional revenue in 2015. Shifting trends towards renewable resources from conventional resources to reduce carbon emission will positively influence the business growth. Increasing ammonia production owing to presence of abundant natural gas reserves will further drive the industry.

Captive hydrogen generation market share is expected to witness significant growth on account of increasing demand from refinery and petrochemical industry to process residue.

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Chemical applications are expected to exceed USD 95 billion by 2024. Increasing ammonia demand from the fertilizer industry will stimulate the industry growth. Rising crop prices and favorable weather conditions are expected to augment fertilizer demand.

China hydrogen generation market share accounted for over 35% of the Asia Pacific industry in 2015 and is predicted to witness substantial growth during the forecast period, largely due to escalating urea demand.

Venezuela was valued at over USD 1 billion in 2015. Expansion and re-innovation of refinery existing facilities may stimulate future business growth.

Hydrogen Generation market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion from 2013 to 2024, for the following segments:

Global Hydrogen Generation Market by Delivery Mode
• Captive
• Merchant
• Global Hydrogen Generation Market by Process
• Steam Reformer
• Electrolysis

Global Hydrogen Generation Market by Application
• Petroleum Refinery
• Chemical
• Metal

The above information is provided on a regional and country basis for the following:
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Netherland
• Russia
• Asia Pacific
• China
India
• Japan
• Middle East & Africa
• Saudi Arabia
• Iran
• UAE
• South Africa
• Latin America
• Brazil
• Argentina
• Venezuela

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

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