Press release
Hydrogen Generation Industry 2018 Market Analysis on Size, Cost Structure, Innovation, Growth, Top Key Players (Air Liquide, Air Products and Chemicals, Iwatani, Hydrogenics, Linde etc.) | Global Forecast to 2023
Hydrogen Generation Market is expected to grow from US$ 135.5 Billion in 2018 to US$ 199.1 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.0% from 2018 to 2023. The hydrogen generation market is driven by various factors such as the increasing adoption of fuel cell vehicles in countries such as the US, China, and Japan and increasing demand for hydrogen in oil and gas refinery operations for producing cleaner fuels.
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Top Key Players in this “Hydrogen Generation Market” include are
• Air Liquide (France)
• Air Products and Chemicals (US)
• Iwatani (Japan)
• Hydrogenics (Canada)
• Linde (Germany)
• Praxair (US)
• Messer Group (Germany)
• Showa Denko (Japan)
• Ally Hi-Tech (China)
• Caloric (Germany)
• Claind (Italy)
• Erredue (Italy)
• HyGear (Netherlands)
• Nuvera Fuel Cells (US)
• Proton OnSite (US)
• Taiyo Nippon Sanso (Japan)
• Teledyne Energy Systems (US)
• Xebec(Canada)
• Ballard Power Systems (Canada)
• FuelCell Energy (US)
• Plug Power (US)
Complete report on Hydrogen Generation Market spread across 221 Pages, profiling 21 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=515729 .
Merchant-based hydrogen generation is the fastest growing segment in the hydrogen generation market. The merchant-based hydrogen can be produced by water electrolysis and natural gas processes. This method of distributed hydrogen generation reduces the need for transportation of fuel and construction of new hydrogen generation infrastructure.
Asia Pacific market is expected to grow at the highest rate during the forecast period due to increasing refinery operations in countries such as China and India and the rising deployment of fuel cell vehicles in Japan and South Korea. The oil demand in Asia Pacific would grow by an average of 2% annually by 2023 with the region highly dependent on diesel and gasoline for transportation purposes.
Market study covers the hydrogen generation market across segments. It aims at estimating the market size and the growth potential of this market across different segments such as generation type, state, delivery mode, technology, application, storage, and region.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the hydrogen generation market and the sub segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies.
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The Study Objectives of this report are:
• To strategically analyze the hydrogen generation industry with respect to individual growth trends, prospects, and contribution of each segment to the market
• To forecast the growth of the hydrogen generation industry with respect to the major regions (Asia Pacific, Europe, North America, South America, the Middle East, and Africa)
• To provide detailed information on the major factors influencing the growth of the hydrogen generation market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically profile key players and comprehensively analyze their market rankings and core competencies
• To track and analyze competitive developments such as contracts & agreements, expansions, new product developments, mergers & acquisitions, and partnerships in the hydrogen generation ndustry
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