Press release
Hydrogen Generation Market 2025: Analysed by Business Growth, Development Forecast, Applications and Forecast Prospects
Global hydrogen generation market is valued approximately USD 158 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 8.0 % over the forecast period 2018-2025. The Hydrogen Generation Market is continuously growing across the world over the coming years.
Major factors driving the hydrogen generation market include the growing demand to decarbonize energy end-use, government regulation for desulphurization of refinery activities, and rising demand for hydrogen as fuel in the transportation sector. Rising demand of alternative fuels to reduce the greenhouse gas emission is augmenting growth to the market. According to U.S. Department of Energy, carbon emission can be reduced by 33% by replacing the fuels consumed by industries with hydrogen. Strict regulations on desulphurization of refinery products are expected to drive the hydrogen generation market. However, established infrastructure for manufacturing electric cars emerges as one of major challenging factor for market growth during the forecast period.
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The regional analysis of global hydrogen generation market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rapidly increasing demand of hydrogen fuel. Europe also contributes a satisfactory growth in the global Hydrogen Generation market due to regulations imposed for desulphurization being carried out in refining activities in various refineries.
Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to increasing demand of decarbonized energy end-users in developing countries such as India China and Japan.
Major market player included in this report are:
• Air Liquide
• Hydrogenics
• Plug Power
• Ballard Power Systems
• Claind
• Hygear
• Nuvera Fuel Cells
• Proton Onsite
• Teledyne Energy Systems
• Showa Denko
• Praxair
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In this research study, the Global Hydrogen Generation Market is segmented according to Technology, Storage, By Generation & Delivery Mode and application.
By Technology:
• Steam Methane Reforming,
• Partial Oxidation of Oil
• Electrolysis of Water
• Coal Gasification
By Application:
• Petroleum Refinery
• Methanol Production,
• Ammonia Production
• Transportation
• Power Generation
• Other Applications
By Storage:
• On-Board Hydrogen Storage
• Underground Hydrogen Storage
• Power-To-Gas Hydrogen Storage
By Generation & Delivery Mode:
• Captive
• Merchant
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