Hydrogen Generation Market Examines Latest Trends and Key Drivers, Prediction By Leading Manufacturers

The study begins with a global Hydrogen Generation market perspective that incorporates key market trends and critical market statistics. This market research study also provides market value for the major global hydrogen generation industry segments. QMI has found a comprehensive overview and description of the global market that helps readers better understand market information about the core Hydrogen Generation. It also highlights the exclusions and inclusions that help the client understand the reach of the Market for Hydrogen Generation.

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The report enlists all the key players in the market for hydrogen generation along with a detailed analysis of the strategies that the companies are implementing. The approaches mainly include new product development, analysis, and development, and also provide revenue reports, business history, and recent company innovations to stay competitive in the market.

Increasing use of hydrogen as a fuel in the automotive industry is expected to drive growth in the demand for hydrogen generation over the forecast period. This has culminated in some key trends in companies operating in the industry which trying to expand their market positions. Hydrogen is biologically harmless and is the most abundant chemical compound in the universe. It occurs naturally but requires isolation from other elements. Hydrogen is typically found with other elements in a compound form and 95 percent of hydrogen is derived from woods or fossil fuels.

Segmentation of this report for understanding the growth prospects of the market-
Steam reforming is one of the most significant segments of hydrogen generation technology in development. It is produced in a processing system known as a reformer, which in the presence of nickel reacts with steam and pressure with methane at high temperatures. It is also known as Blue Hydrogen and is commonly used by companies. Another processing technology is electrolysis, which helps to produce clean hydrogen at high temperatures (700 to 800 degree C). Hydrogen processing is carried out, in addition to electrolysis, through the catalytic reaction of aluminum wastes. The by-products obtained are hydrogen and alumina, which are reused to produce aluminum.

The hydrogen is used as an automotive fuel in commercial vehicles. It is also used in applications like metal welding dying fabrics etc. It can be compressed and stored in small tanks for mobile vehicle fuel use. It is also used in the refining & recovery of petroleum chemical processing, and other finished industries.

Strict regulatory standards to reduce sulfur content would drive the scale of the global market for producing hydrogen. The U.S. federal and state governments have implemented various programs including the Tier 3 initiative to minimize gasoline, motor oil and diesel sulfur content, which aims to reduce sulfur content in gasoline by as much as 10 ppm.

Important Factors Impacting Market Growth:
o Increasing use of hydrogen in the form of fuel in the automotive sector
o Rising demand from emerging markets

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Growth drivers
o Increased demand for clean fuel resources
o Stringent government regulation to desulphurize petroleum products
o Deterioration of the price of crude oil

Restrain Factor
o High energy consumption of technologies which generate hydrogen

Regional Outlook:
The hydrogen generation market global overview offers detailed information for markets like Western Europe, North America, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. During the forecast period, North America and Western Europe are expected to be main regions for the demand for hydrogen generation. The energy & power sector is one of the developed regions which is essential to the operations of various industries in this area. This is one of the key factors controlling the demand for the generation of hydrogen in those regions. Some of the major countries in this region include the United States, Germany, the United Kingdom, France, Italy, Canada, etc.

The Asia Pacific is estimated to be one of the quickest growing regions for the hydrogen generation market throughout the forecast period. Growing economies and increasing demand for energy & power to cater to high population & industries are anticipated to drive the demand during this region. China and the Asian country are projected to register major demand throughout the forecast period. Middle East includes UAE, Saudi Arabia, Iran, Qatar, etc. promises high market potential throughout the forecast period. The rest of the world including South America and Africa are rising regions in terms of market demand throughout the forecast period.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Air Products & Chemicals Inc.
2. Iwatani Corporation
3. Nuvera Fuel Cells, LLC
4. Caloric Anlagenbau GmbH
5. Airgas Inc.
6. Alumifuel Power Corporation
7. Hydrogenics Corp.
8. Linde AG
9. Air Liquide SA
10. and Praxair Inc.

Market Segmentation:
By Application:
o Automotive Fuel
o Petroleum Refining & Recovery
o Chemical Processing
o Others
By Production Technology:
o Fossil Fuels
o Steam Reforming
o Electrolysis
o Others
By Generation and Delivery:
o Merchant
o Captive
o Others
By Region:
o North America
o By Country (US, Canada, Mexico)
o By Application
o By Production Technology
o By Generation and Delivery
o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Application
o By Production Technology
o By Generation and Delivery
o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By Production Technology
o By Generation and Delivery
o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By Production Technology
o By Generation and Delivery
o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By Production Technology
o By Generation and Delivery
o Rest of the World
o By Region (South America, Africa)
o By Application
o By Production Technology
o By Generation and Delivery

Reasons To Buy This Report:
o Market size estimation of the hydrogen generation market on a regional and global basis.
o The unique research design for market size estimation and forecast.
o Profiling of major companies operating in the market with key developments.
o Broad scope to cover all possible segments helping every stakeholder in the market.

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This release was published on openPR.