Press release
Hydrogen Market Size, Status, Global outlook 2020 To 2024
The global hydrogen market is expected to reach US$191.8 billion in 2024, growing at a CAGR of 6.09% for the period spanning 2020-2024.
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Top Companies are: Air Liquide, Linde Plc, NEL ASA, Messer Group, Air Products & Chemicals and Taiyo Nippon Sanso
Scope of the report:
The report provides a comprehensive analysis of the global hydrogen market value and production volume.
The major regional markets (Asia Pacific, Europe, North America, Middle East & Africa and Central & South America, along with the US) have been analyzed.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The global hydrogen market can be segmented into the following four categories on the basis of production process: natural gas steam reforming, oil partial oxidation, coal gasification and water electrolysis. In 2019, the highest market share was held by natural gas steam reforming, followed by oil partial oxidation. The global hydrogen market by end users can be segmented as follows: ammonia production, chemical industry/refineries, electronic industry, metal/glass industry and food industry. The dominant share of the market was held by ammonia production segment in 2019. The global hydrogen production volume is anticipated to be 122.58 million tonnes in 2024. The global hydrogen production by generation system can be segmented into the following two categories: captive and merchant. The dominant share of hydrogen production in 2019 was held by captive mode.
Significant Features that are under Offering and Key Highlights of the Reports:
o Detailed overview of Hydrogen Market
o Changing Hydrogen market dynamics of the industry
o In-depth market segmentation by Type, Application etc.
o Historical, current and projected Hydrogen market size in terms of volume and value
o Recent industry trends and developments
o Competitive landscape of Hydrogen Market
o Strategies of key players and product offerings
o Potential and niche segments/regions exhibiting promising growth.
Finally, Hydrogen Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Hydrogen industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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