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Hydrogen Generation Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2024
Global Market Insights add Hydrogen Generation Market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.The size of Hydrogen Generation Market was registered at USD 125 billion in the year 2017 and is anticipated to cross USD 180 billion by 2024. Between the period 2018 -2024, the Hydrogen Generation Market is expected to register a CAGR of 6%.Hydrogen generation market share from the metal applications will grow considerably over the coming timeline, owing to the heavy demand for metals, mostly steel, across automobile and construction industry. Additionally, semiconductor, glass, and propellant fuel industry will also positively influence the industry outlook. Hydrogen generation industry size in petroleum refinery applications is expected to grow substantially, owing to its growing requirement in applications such as hydrocracking process coupled with growing demand for middle distillates such as diesel, gasoline, etc.
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Captive and Merchant are the two major delivery modes for hydrogen. Captive hydrogen generation delivery mode will surpass a revenue of USD 150 billion by 2024, driven by its key application across metal and refinery industry.
Based on the process, hydrogen generation industry is segmented mainly into two types- electrolysis and steam reformer. The electrolysis process accounted for 7% of the total market volume in 2015 and will grow notably by exhibiting an annual growth rate of 5% over the period of 2016 to 2024.
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Geographically, U.S. hydrogen generation industry collected revenue of USD 15 billion in 2015 and is projected to grow significantly over the coming years, driven by the strict vehicle emission norms. Saudi Arabia hydrogen generation market size will grow at a rate of 5% over 2016-2024. The increasing demand for fertilizers will effectively influence the industry growth.
Asia Pacific hydrogen generation market is projected to display an annual growth rate of 5% over the period of 2016 to 2024, owing to the growing demand for petroleum products. India and China will be the major revenue pockets for the APAC market share. Europe hydrogen generation industry is anticipated to exhibit lucrative growth rate over the coming years. The growth can be attributed to the surging requirement for chemicals in construction as well as food & beverage industry. Germany will contribute significantly towards the regional growth by contributing a revenue of USD 5 billion by 2024.
Partial Table of Contents (ToC) of the report:
Chapter 4 Hydrogen Generation Delivery mode Insights
4.1 Hydrogen generation market share by delivery mode, 2015 & 2024
4.2 Captive
4.2.1 Global hydrogen generation market estimates and forecast from captive, 2013 - 2024
4.2.2 Global hydrogen generation market revenue from captive, by region, 2013 - 2024
4.3 Merchant
4.3.1 Global hydrogen generation market estimates and forecast from merchant, 2013 - 2024
4.3.2 Global hydrogen generation market revenue from merchant, by region, 2013 - 2024
Chapter 5 Hydrogen Generation Process Insights
5.1 Hydrogen generation market share by process, 2015 & 2024
5.2 Steam Reformer
5.2.1 Global hydrogen generation market estimates and forecast from steam reformer, 2013 - 2024
5.2.2 Global hydrogen generation market revenue from steam reformer, by region, 2013 - 2024
5.3 Electrolysis
5.3.1 Global hydrogen generation market estimates and forecast from electrolysis, 2013 - 2024
5.3.2 Global hydrogen generation market revenue from electrolysis, by region, 2013 - 2024
5.4 Others
5.4.1 Global hydrogen generation market estimates and forecast from others, 2013 - 2024
Browse complete table of content of this report @ https://www.gminsights.com/toc/detail/hydrogen-generation-market
Denko K.K., Caloric Anlagenbau GmbH, Messer Group GmbH, Xebec Adsorption Inc, Nuvera Fuel Cells Inc, Taiyo Nippon Sanso Corporation, Iwatani Corporation, and Praxair Technology, Inc are some of the key industry participants in hydrogen generation market.
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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 methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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