Hydrogen Generation Market to Grow on account of High Demand from Automotive Sector | Leading Players: Taiyo Nippon Sanso, Air Liquide, Linde, Caloric, Ballard Power System, FuelCell Energy, Xebec, and Ally Hi Tech.

Increasing use of hydrogen in the form of fuel in the automotive industry is expected to drive the growth of hydrogen generation market during the forecast period. This has resulted in companies consolidating their market positions and looking for opportunities. Hydrogen is completely harmless for the environment. It is the most abundant chemical element in the universe. It occurs naturally but needs to be separated from other elements. Hydrogen is generally present in compound form with other elements and 95% of hydrogen is obtained from woods or fossil fuels.

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Key Takeaways of the Hydrogen Generation Study
1. Steam reforming is one of the major production technology segments for hydrogen generation. It is generated in a processing device known as a reformer, which reacts with steam and pressure at high temperatures with methane in the presence of nickel. It is also known as Blue Hydrogen and is widely being used by commercial companies.

2. Electrolysis is another production technology, which helps to generate clean hydrogen at high temperatures (700 to 800 °C). Besides electrolysis, hydrogen production is carried out through catalytic reaction of waste aluminum. By-products that are obtained are hydrogen and alumina and are reused to make aluminum.

3. Hydrogen is used in commercial vehicles as an automotive fuel. It is also used in applications such as metal welding, dying fabrics, etc. It can be compressed and stored in small tanks for mobile use of power in vehicles. It is also used in petroleum refining & recovery, chemical processing, and other end-use industries.

4. Asia Pacific is estimated one of the fastest growing regions for hydrogen generation market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region.

5. China and India are projected to register major demand during the forecast period.

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Notable Development Trends to Open up New Horizons of Growth for Hydrogen Generation
The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.

1. March 11, 2020 - A Japanese consortium launched a renewable energy-powered 10 MW-class hydrogen production unit, the Fukushima Hydrogen Energy Research Field (FH2R), the largest-class in the world.

2. Feb 12, 2020 - AFC Energy is launching a mobile generator that is powered by hydrogen to replace polluting diesel generators on construction sites.

3. Apr. 04, 2019 - SimpleFuel™ is a small water electrolysis-based machine for hydrogen generation and filling. Toyota Motor Corporation announced that it has newly introduced SimpleFuel™*1 to its Motomachi Plant in Toyota City, Aichi Prefecture.

Major points covered in the Hydrogen Generation Study:
1. Macroeconomic factors affecting the Hydrogen Generation and its potential
2. Hydrogen Generation dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Hydrogen Generation
4. The cost structure of the products and segments covered in the study
5. key product segments, regions and by major market participants are anlyzed
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Hydrogen Generation, including detailed profiles of the top players in this market

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Some of the major players in the Hydrogen Generation are Taiyo Nippon Sanso, Air Liquide, Linde, Caloric, Ballard Power System, FuelCell Energy, Xebec, and Ally Hi Tech.
Market Segmentation:

By Application:
• Automotive Fuel
• Petroleum Refining & Recovery
• Chemical Processing
• Others

By Production Technology:
• Fossil Fuels
• Steam Reforming
• Electrolysis
• Others

By Generation and Delivery:
• Merchant
• Captive
• Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Application
o By Production Technology
o By Generation and Delivery

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

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By Production Technology
o By Generation and Delivery

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

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

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

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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This release was published on openPR.